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<br /> _ ��� ' �. RE RECORDED � �'
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<br /> . � 10�4���2 �
<br /> =.;�-� ' � � 94+�0��� -
<br /> puymCnta.which uro roferred to in Putag h 2.or change Q�e amount of such payment�. Any excesa proceeds over an
<br /> amount rcq�dred to pay ali outatunding ind�tedncss under tho Nata ue►d thix Security Instrument Rhall be puid to tho entity
<br /> lcguliy cntltled thereto.
<br /> 8. Fees. L.ender may collect fees and chnrgea uuthod�.cd by tho 3ec�+etury.
<br /> - 9. (irounda fo�Acateration ot fkbt.
<br /> c se of inent dcfaulte
<br /> _ ..�..�.:.x:�. (o)DefAUI� Lendar may.except as limited by regufatlona iseued by tbo Secretary!n the a pay . _
<br /> requira lmmedjato puyment in full of alf Ruma secuced by this Secudty Instcument if: �
<br /> �k,' (i)Borrower defaults by fniting to pay in full any monthly puyment required by this Se�urlty Insuument prlar
<br /> ••��� � •°�' r� to or on ihe due dato of the next manthly puyment,or
<br /> ;,:,�";;-•�•'�J� (ii)Borcower defautta by fuiUng,for a perlod of thirty daye,to perform any other abligationx contained in this
<br /> , � .�".-,,-, `'`"�. Secudty Inatrument.
<br /> � �� . (by bule Wfthout Credit Approval. L,ender shall,if pem�itted by applicuble lnw and wtth the prior approval of the _
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<br /> • • •� .:.•� � � �;4, • Secretsry.requira immediate puyment in full of aU the sums secured by this Secudry Insuument if:
<br /> • ; ;. • - ,,, (i)AI1 or part of the Property.or a bcneftcini intcrest in u ttust nwning all or part of tha Pco�rty,is sold or �- -
<br /> � ' otherwi�c tranafcrred(other thnn by devise ordte.scent)by the Bormwee.and �_
<br /> � � (ii)11►e Property Is not occupied by ehe purchaser or gmntee ux hia or her principnl residence,or the purchaser - -
<br /> 'k . � " , • ;�' � or p�antee doea so occupy the Property but his or her cmdit has nat been appmved in accordance -
<br /> �� ��, � . with the requirements of the Secretary. _-
<br /> . � '` (c)No Waiver. If circumatances occur that would permit L.endcr ta require immediate payment in full,but L,ender __
<br /> � , does not�uire Ruch paymenta,l.ender dces nat waive itx r�ght�with respect to subsequent events. _�
<br /> i (d)Regulat ons ot HUD Seeretary. In mmanny clrcurnstunces regulationx isaucd by the Sectetary wlll limtt L,enderh
<br /> ' _:___ rights, in thc wse of gayntent defaults. to rcyul� lmmediute pnyment In fu!!and foreclose if not icl. 71►is �_
<br /> � ^ � �. � Secudty Inswment dces not author�ze acceleradon orforeclosure if not pertmtted by reguintions of ihe�w�etary. �_,.
<br /> (e)1Vdortgage Not Inaured. Borrower agreex that should this Security Inswment and the note secured thereby not
<br /> , ,,, .. " � be eligible for insurance under the National Hou�sing Act wlthin 90 DAYS from the —
<br /> .„ ' datc hereof,l.ender muy.at its opHon and notwlthxtanding anythtns in Paragraph 9.require immealiate pnyment in
<br /> full of all sums secured by this Secudty Instrument. A wdtten statement of nny author�zed agent of tha�ecretary
<br /> duted subsequent to 90 OAYS from the date hereof.deciining to insure this Secudry
<br /> ° Inatrument and the note secured thereby.shali 6e deemed conclusive proof af such ineligibility. Notwtthstending
<br /> 1 the faregaing, this option may not bc exercised by Lender when the unavatlabllity of insuranco is solely due to
<br /> Lender5�failure to remtt a mortgage insurance premium to the Secretary.
<br /> � 10. Reinstatement. Bormwer has a right to be rcinstnted if l.ender has requlred immecliate payment in full because
<br /> � of Borrower's failu�e to pay an amount duc under the•Note or thia Security Instrument. Tt�is dght applies even efter
<br /> --'—�----� forectosure proceedings nre instituted. Ta reinstate che Security Insirumcni,Suriawar shali tender in a lump sasss s!! _
<br /> ' amounts required to bring Borrower's account current including,to the extent they are obligations of Borrower under this
<br /> Secudty Instrument,foreclosure costs and reasonable and customary uttomeys'fees and expenses properly e3soc[atal w[th
<br /> soc
<br /> the foreclosure pmceeding. Upon retnstatement by Borrower,this Security Instrument and the obllgations that It secures
<br /> shall remuin in effect as if Lender had not required tmmediate puyment In full. However,I.ender is not cequired topermit
<br /> • reinstutement iF. (i)Lender has accepted reinstatement after the commencement of foreclosure praceedings wfthin two
<br /> � years immediately prec:e,ding the commencement of a cument foreclosure proceeding, (ii) c+etnstatement wlll preclude �
<br /> � ' foreclosure on different grounds m the future,ar(iii) rcinstatement wlll adversely affect the prioRty of the lian crrated by
<br /> •� this Securiry Instrument.
<br /> 11. Sorrower Not Released; �orbearance b�Lender Not a Waiver. Extenslon of the dme of payment or
<br /> modification of umortization of the sums secured by th�y Security Instrument grnnted by Lender to eny successor in interest
<br /> •, • of Borrower shall not operntc to mleasc thc liubility of thc ariginul Borrower or Borrower�s successor in intcrest. L.ender
<br /> '�. •• shatl not be rec�uired to commence proceedings against any successor jn intercst or refuse to extend time for paym ent or
<br /> • � otherwise mod�fy umortization oT the sums secun�d by this Secucity Instrument by reason of any demend mede by the
<br /> � odgfnul Bonower or Borrower z auccessors in intercst. Any forbeurnnce by Lcnder in exercising any dsht or remedy shall
<br /> not be u waiver af or preclude thc exerc{se of uny right a remedy.
<br /> 12. Successor�And Assl�ns Bound;Joint and Severat Liability;Co•Si�ners. The covenants and agreements of
<br /> .. this Secudty lmtrument shull bind and henefit the vucceti,orn und ussigns of Lender und Borruwer,subject to the provislons - -
<br /> �, of Pacugraph 9.b. Bonuwcr; covennnts und a€recmcnt, .hall bc joint und several. Any Borrower who co-signs this - _
<br /> Security Instrument but doex not execute the Note: (u)is ca-tiigning thi�Security lnstrument only to mort�age,�rant and
<br /> canvey that Borcowcr: intcre�t in thr Property undcr the ternis of this Security Instrumrnr,(h)is not personaUy obligated to
<br /> puy the sums secured by thi�Security(nstrument:und Ic�agrerti thut Lender und any other Bonawer may agree toextend.
<br /> mod�fy, forbcar or makr uny uccomm�xiutium with rrFurd to thr tcmi+of thi.Srrunty Instrumcnt or thc Notc without that
<br /> Burrowc;r:consent.
<br /> 13. Noticrs. Any noticc tc�Horn�urr prc>�•idecl tix in thi�Srcurity In�trumcnt .h:dl hr givrn hy dclivcrin�it or by
<br /> mailing it by tirst class muil unle.� uppliruhle luw rcyuirc+usr of�nother meth�xt. Thr notice sh►dl be directed to the
<br /> _ Property Addrers or any athcr uddres.Borrowcr design•rtr,by nutice tei l.endcr. Any noticr to Lender shAll bc given by
<br /> fint cluss muil tu Lcndcr's addre+ti �tatcd hcrcin or an}• aJJres. l.�nder de+ignutc, Hy nutice to Borrowcr. Any notice
<br /> provided for in thiti Sccurity Inztrumcnt shall tk dcrmrd tc� havr txrn�;ivcn to A�mowcr��r Lcnder whcn Fiven as provided
<br />- �n this paragruph.
<br /> ' 14. (:overnin�l.aw:tieveruBillty. 'fhi�. Jrrurit) Intitn�ment .hall tx guvrmeJ hy Frderul lu�v and the In�v of the
<br /> , jurisdiction in which the Pro�xrty i�lurated. In the e��ent that any pruvi.ion ur rlau�e�►t thi�Srcuriry In,trument or the
<br /> Notc conflict��vith applicublc laµ. .urh runtlirt.h:sll nut aftcrt rnhcr provi.ion.uf tlii. Srrurity In�trumrm or thc Notc
<br /> which cun be�givrn effrct w•itheiut the runtlicting pr��vi�ion. lu thi.end thr pruvi.i�m��if thi.Security In�trument and the
<br />- Notc urc declurcd to lxr �evrrahlr.
<br /> � 15. $orrower's C'upp. Burrowcr.hull tx�:i�•rn unc vunfurnmd r�,p�ut'th�.Srrunty In.truntrnt. � .
<br /> • 16. Astii�nmeM af Nents. B��rru��•rr uncimdiliun:�ll�• ;n.i�n..md tramf'er.tu Lrnder all thr rrnh und recrnuc.uf the
<br /> Prop�ny. Borrowrr a�uihori�r.I.rnilrr„r Lendrr',u�rni,t��.•ollrrt thc rr�u�:mJ�r���nuc,and hrrrh�dinrt.csch Icn:�nt af �
<br /> the F'ruFxrty t��p:+y thr rrnh��+ l.endrr ur Lrnilrrl:�gruh. Iluwr�er.pnor tu L�nder:notirc tu t3un•c���rr of Burruwer�
<br /> • � brcachofanycovenant ar ugrccmcnt in thc Srrurity In+trumcnt,k3��rruarr+huUcullcrt and rrrrivr all rcnt+:+nd rcvcnuc+of' ,
<br /> �._ 1 the Propc►ty a,tru.tcr ti�r thc txnctit of Lrndcr and Hum+��cr. Thiti u,+ignmrnt�,f rcnt,run.titutc,un uh,ulutr ati�ignmcnt �
<br /> . _ �- 7 and no[unustiignmcni ii��.iiiuiii���mi.r�uiiiy��iii:. �
<br /> ' IC Lender grve,rn�tirc ut'hreach to Burruacr: t u�all nnt�rcrri�rd hy Hurru���r.hall h�'held by Horru��er:s�tru�trr �
<br /> for t►enefit�if Lrtid�r�mly.to hc applicd tu Ihr�um.,rrurcd h��thc tirrurit� tn.tn�ment: lhl l.indrr �hall Ik rntitlyd t�� �
<br /> wllcct unJ rcccivr aU ul'thr mnt.uF thr Pn�}x��tc: and Irt rach tcnant o(tln I'n,prnr .hall p:q all rcnt.di�r and unpuid tu
<br /> Lend�r or Lrndrr�agent��n Lrndcr:��riuen�.Ic�iuu�d t�,ihr tcn.mt.
<br /> • Born�wcr hati nnt rxecutcd,in� pri„r:+„i�nmrnt ut' thr rrnt. :md ha� n�,t :�nJ ��ill nol pertimn am art ti.:il ��uuld
<br /> ;, prcvcnt Lcndcr fn�m rxrrri�in�ih ri�;ht.undrr thi.P:uagr:�ph 1 b.
<br /> ' �;. Lender�hull nut tx reyuireJ to rntcr u{xm.tal.r runtnd �,1 ur mainsain dir !'r�,}xm• txfun ur af'ter}�i�in�: nntire uf
<br /> brcuch tu Borruwec Hu��evcr. Lcndrr or a �ud�riall) apE�uinted rerci��r m:iy �u�o aI am Utm• llteTC tti :�bre.t�h. Any
<br /> uppliration of rcnt..hc+U nc�t rum ur��:►i�•r an�� d�tiuih ur im;didatr an� uthrr right ur mmr�i� ��f Lrndcr. 'I'hi.a.,i�:nmrnt
<br /> � a(rent�of thr F'ropeny ,h:►11 tenninutr whrn th�Jrht .crurrJ hy thr Srrurit�• In�trutnrnl i.�,;�td in tull.
<br />_ ' • y4�c�• +,���l���re�„
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