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<br /> �t�' �3�',�+x�'�"L �.�.�r %;�1j a�, i� h; C,� `�' ,r.,.i�{ y ,.�ae�W.�1��y7� N �
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<br /> _ . ...-.s..�.,.Z.�M�. _" "- � !TS'��[VING:fY'�-
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<br /> . . .,:.k�..,W;,r'.r�u��#,r:a�_ ;J ,• . �_-— -- ...
<br /> . .w.u—�.4�—.��.._..._r...�.........�.......���..�..�.+�� .r'CSF.::�:.�.+�~._...��.`. •feWM���..��'l'XU]��.... . ....��_�._..�.� .���
<br /> .�_�..arr►�tlatitl6l�tW � _— �
<br /> [T;=aJ��r���u�]�f�r ��� ���M� ___
<br /> - ��� .�.� paymente,which uro refemed to in Pamgroph 2,or chnnge the amount of such pnyttiente�. Any vxceas procced�avet an �``''�`
<br /> ��:�r��a��'� � amauntreq uired to pay ctll autatandinp tndshtedneRS under the Note nnd thia Secudty lnslc�mant sh�il ba patd tn thm endty __
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<br /> =.;�. .+.a:;.;,;,�,��,�, tegally entltled Q�e�to. '..�—_
<br /> �• �_•�. t� ' " B, �ees, l��endcr mny collect fees nnd chnrIIes authorized by the Sec�tfuy. � .�....�--__— _.
<br /> "--�:°��'z'-�=-__ 9. Qround�for Acceleratt�n o!Deb�
<br /> - �:'"�"�-` � (n)�efnul� Lender moy,ezcept ns Itmited by reguintEons issued by the Secretury in the caso a4'pAymont defaulte, _--__--_
<br /> ' = ' • -" r�qutro Imtisnediatep�yment in full of e(1 sums secu��e+l t� th�g Securit instn�ment if: �FNA�'65L1'a�d�iA'di�14 e�_
<br /> ; : .,�,: • y y e-°'�"�:__.--=---
<br /> •�.;��• ,,,;t:.�,.:�: (i)Horrower defa�![a by fniling to p�y In fnll any monthly pnyment req�aired by thla Securlty insuument prlor ___
<br /> � �� �-� ta or on the due date of the next monthiy pnyment,or ___ ._
<br /> •r• (;;)Borrower defaultx by failing.for a perlod of thirty days,ta perfornt any other nbliBt►tions contairted in this _�u-__-
<br /> Securiry Insuumen� �---�-_:.--._-_
<br /> (b)3ule Without Ctedlt Apprevnl. I.ender shaU,if permitted by appllcuble law und wlth the prlor appmvul of the ���,;-�
<br /> • Secre ,require Immedlate payment in fuU of all the sums secured by this Security Insttument if: ���;_-y___ ----
<br /> a
<br /> � (i) ll or part of the Property.or a beneficial interest in a tcust awning all or psut of the Property.ia soid or �:;-��__ ___
<br /> otherwise tmnsfemed(other then by devise ur descent)by the Rarrower,und �;,.,�;E_::
<br /> (ii)Th�Fwperty is not occupled by the pvrchaser or sruntee as his ar her princlpai resldence,or tho purchaser = --_-
<br /> or geantee dves so occupy the Property but his or her creilit has not been approved in accordt�nce _---_
<br /> wiUn¢Qee rogvi�roents of the Secietary. �°-`—'� ---.----
<br /> Qc)1Vw ddtt�8wee; li'circuenstances occur that would petmit I.ender to mquire immediute payment In full,but I.ender ---������_
<br /> - etoes�eot uioe sucC��ayments.I.ender does not waive its dghts with respect to subsequent events. �"��'-�_-
<br /> (d)Il�t¢gael�ms��QflQ)DA�retary. In many circumstances ragulatlon�Issued by the Secnetary wip limit I..ender� �__
<br /> ".y;, ri�ts, �n the ca+se of pa,ymxz�t defaults, tor�quire immediate payme�t in full and foreclose if not ppid. 'Ihls �_,,._
<br /> Secu�ity losta+ment does izoe 2��athorize accele r a t ion or foreclosure If nat permitted by regulatians of the Secretery. � r.
<br /> {�� :� •� (e)1bEortgage Not Ynstae�. �curower agrees that shauld this Security Instrument and the note r,ecured ther�eby not � "
<br /> ,,:. ,� ,:
<br /> fram the '-��.
<br /> � ••, �:�,,;,�=;.;� be eligible for insurancr un�er the National Housin�Act within 90 DAYS _�1'�:�,:_
<br /> , � ''�',��{' y. p S Yth� g S�P •�l P Ym ..;Cc��'�t'�'� -
<br /> �� date hereof,L.ender ma at its o tion and natwithstandin an �n in Aara h 9 uire immedlate A ent in
<br /> � full af all sum�.secured b this Secuaii� Instrument. A written statcmcnt of any authorized agent of the Secretary !;�,,,�'';,�
<br /> Y
<br /> ' dated subscquent to 90 DAYS from the date hereof,declining to insur�e this 3ecurity .;`aT�-
<br /> � Instrument and the note secured thereby,shall be deemed conclusive proof of such ineligibility. Tiotwithstending `". _ _-
<br /> ' " � thz foregoing. this option may not be exercised by Lender when the unavailabiliry of insurance is solely due to � ��' �
<br /> Lender�failure to remit a mortgage insurance premium to the Secrztary. '�, ,`'- _
<br /> ., � • 10. ReinsQaSemen� Borrower has a right to be remstated if L.ender has required immcdiate payment in full because • '� •
<br /> . • ,.Y. �
<br /> , „ of Borrower's fao0a�m to pay an wnount due under the•Note or this Securiry Insuument. This nght applies even after . �
<br /> ' =-=- fo;�c lasur e �r.,;.c�����gs a r c �ns p t u t e d. '[b t e i r.s t a t e t h e Sec�!riry inctmment, Borrower shall tender in a lump sum all �
<br /> �� • � amounts required t�bring Borrower's account current including,to the extent they are obligations of Bonower under th�s '� ;{;�'��� _
<br /> :<` ,. ,;;,.�, �
<br /> " Seeuriry Inswment,foreclosure costs and reasonable and eustomc+ry attomeys'fees and expenses properly acsc�ciated with ,�:<•
<br /> �;� the foreclosute proceeding. Upon reinstatement by Borrower.this Security instrument and the obligations that it secures � ..';`,,;';•a;,�
<br /> "� � shall remain in effect as if i.ender had not reyuired immPdiate payment in full. Howcver,I.endcr is not requircd to�ermic ��';�,�>.��}
<br /> �� •� . reinstatement if: yi�Lender has accepted remstatement ufter the commencement of forectosure proceedings withtn two ; ` ti .
<br /> years immediate�y preceding the commencement of a current foreclosure pra:eeding. (ii) reinstatement will ptectude ' :
<br /> foreclosure on dif5erent grounds in the futune,or(iii)reinstatement will advenely affect the priority of the lien cneated by �;:
<br /> this Security Tnstrument. � �' ; •
<br /> . ll Q. Borrower Nut Released; Forbearance by Lena�lsr �lot a Watver. Extension of the time of payment or
<br /> mocaifi::acion oS amortization of the sums secured by this Securii� la�strument�ranted by Lender to any successor in interest n�, �.
<br /> of Borrower shall not operate to release thc liability of the oricinat B.�rrower or Bonower's successor in interest. Lender
<br /> shall not be myuired to commence proceedin��agamst un}•successor in i:+re-est or rcfuse to extend time for payment or ° �•� }* �
<br /> otherwise modify amortization of the sums zrcured by this Serurity Insm,mre�t by reason of uny demand made by the • � .:i�
<br /> ori inal$orrower or Borrower s successors in interest. An}�inrtrearance h� Lender in exercisin nn ri ht or remed shall , , ��'
<br /> B Y g Y• .i,��.\`,•.��,.�
<br /> :,+:'>�. not�be a waiver of or preclude the exercise of any righi or remed�•. „;;:.:�',�,:
<br /> • 12. Successors and AssB�ns Bound:Joint and Sever�0 Liabilitv; Ce-SI nePS. "fre covenants and a ments of �s•;;•: �.;��•`' " ~
<br /> '��'�� this Security Instrument shall bind and benefit the successon und assigm of Lender and Bormwer,subject to the p visions '�"'�"••�'f' '' _
<br /> of Patagraph 9.+�. Borrower� covenants and agrcement+ shali t�e joint and severaL Any Borrower who casigns this , .
<br /> � Security Instrument but dces not execure the Note: (a)is co-signing ihis S�curity Instrument only to mortgage,grant and
<br /> y�;' , convey that Borruwer's interetit in the Property under the terms of thi.Securiry Intitrument:(b>is not personally obligated to . •
<br /> pay the sums secured by thiti Security Instrument;and(c)agrecs that L.ender:uid any other Borrower may agme to extend, ., ,
<br /> 3�• modify,forbear or make:uiy accommodationx with mgard to the termti of thi.Security[ntitrument or the Note with�ut that „ .
<br /> �; ' Borrower�consent. � "
<br /> ;:�,„ ,�. 13. Notices. Any notice to Borrower prrn•ided for in thi+Securit� instrument shall he given by delivering it or by
<br /> :i �� ��' "� mailin it b first class mail un1e.. a �i�,i�le law re uire� u.c of anot�:.r methcxi. The notice �t�;+l: he directed to the ��' -
<br /> ;...,; �, ::.• g Y t' � �: `1
<br /> �.Y:I•....., Y g Y i,(,,<;';r.,�..,
<br /> Property Addmss or nny other�Jdres� orro�ti rr designute�by notice to Lendcr. An rn�tice to Lendee vhall be iven b
<br /> • �N�°''� 7 first cla�s mail to Lender s addre<, sta[ed herein nr any addm+. Lender de�ignateti h} n��tice to Borrower. Any notice • .
<br /> . .i;.;;:. �',',�>P`t-{ . �,
<br /> ' provided for in this Securiry InstRaiment shall tx:deemed to havc been given to Borrowcr or Lender when given as provid�d �;�,;���7.:: �;
<br /> in this paragraph. • �
<br /> 14. Governing Law;Severability. Thiti Security In�trumcnt.h:,ll tti•gu�erned by Frderal law and the law ot 1�e
<br /> , jurisdiction in which the Proprrty is located. In the event that any pru�isiun or rlause��f this Securiry Instrument or the
<br /> Note conflicts with applicable law.,unc�onflict�hrll n��t affert other pr��ti i>ion.of this Security In+wment or the N�te
<br /> whicfi c:u�be given effect withuut the contlicting pruvi�i�m. Ti�thi,rnd the prnvi.ioro of Ihi,Srcurity Instrument and s�e
<br /> NE�t.ar�declared to be�everable. '
<br /> � 15. BoPrower's Copy. Borrower tihall lx given one cunfonnrd r��p�of thi.Sccari:} lnstrument. �
<br /> Il6. Assigncnent of Rents. Borrower unconditionally a..i�;n.and tr;�n,f:rti to Lendrr all thc rents and revenues of the
<br /> Prao�erty. Borrc^wer authorize�Lender or Len�?er;agent�ta collect the rrn:�sr.�n�enucs and herehp�d:r:.cs each trnant of
<br /> the Property to�ay the rents to Lender or�.rr..�er+agcnt�. How•e�•cr.pri.�r to Lenrlcr:notice to�s��rr�;aer of Borrower's
<br /> breach of any cu�enani or agreer::nt in the Securiq�Imtrumrnt.Borrower.hall cniterr a��rereive all mntti and revenue,of .
<br /> th�Q':a�perty as trustee far thr her::fac of Lendcr and Born�wcr. Thi�a,.�rnrr.ent of r�:�c-���nstituteti an absolute x�.i�nment
<br /> �...Y...,a en naainnwu.nt fnr a�1`l.rs,mal crruritv nnlv
<br /> - -_-_..-: — �_ --- ...�....._..'-- '
<br /> ' • If Lender t:��ec notire of breach to B�inou•cr. (a)all rent�rcceiv�d hy Borrower shall be held by Borrower a.tru.Qee
<br /> for benefit�u€C.en�er only,to be applied t�tI'�e�um.�ecurcd by thr ieruruy Instrument;(b)Lender,hall be erteitted eo
<br /> collect an�rec�ru;a1!of the rcnts of the�roperty:and(r)each trnant uf thr Prope:rt�•tihxll pay all rent.due anJ anpaed ta
<br /> l.ertder or l.ertder's agent on Lender�written demand tu thc tcnant.
<br /> Barcower has not executed any prior assignment of the rcnt�and ha�nut anJ a•ill nut Exrt'orm any act rhac would
<br /> A prevent i.ender fram exercisiug ita riehts under thi�Parsgraph 16.
<br /> ' Lender shall not bc rcquircd to enter upon,tukc ccmtrol uf or maintain thc Property beforL ur uftcr giving noticc of
<br /> - breach to Bottower. However. Lender or a judicially ap�winted rccri�•er muy du .0 at any timr thrrc i�a breach. Any
<br /> applicution of n:nts shall nat cure or waive any default or►m�alidate any uthrr right cir rcmedy of Lender. Thi�a�tiignmrnt
<br /> ' of rents of the Property sMall t�rminate w•hen the debt.ecumd by the Srcurity In.trument iti paid in full.
<br /> ' �M�A�i.fr�,,e�•,�
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