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<br /> , . ' .. '� . p►�ymenta.wMcl►nre rePened to in{'�ungrnph 2,�►r chan¢e�he a�naunt af Auch pnyimnts. At�y exce�a pnn�ec�l+�uvcr on • .- _
<br /> nmounl'requimd to pny idl outRinttAln�t indshicdnexs under tho Nato and IhiR Crcudry Inct�unirnt tihnll bc paid to thc entity ' �ti�
<br /> ., �egnUy cul�Ucd Ihcrcto. ; . • ,'i'_.
<br /> S. I�cex. Lrndcr mny a�llc�:t fces�md chnrgea uuthatized by the Sec►ctnry. • ' "y
<br /> ' 9. t:r��undA tur Accctc�nllon nf Itebt. • � . �-
<br /> Inl befnult. l.end�r ntny,except na limited by reguladons(ssued by the Secreti�ry In the ci�xe uf pi�yment defc�utts, ''+is�`
<br /> • � rcyuirc immcdiutc p:rymem in full nf cdl aums hecured by ehis 5ccurity Inatnmicnt�L• ' � "
<br /> ' , (i)Bnrrower defuults hy fniling tn pny in full any monthly pAyment required by thia SecurUy Instn�ment ptior � +�i�
<br /> • - • sn or an tfx duc date of ttee ne�t monshly payment,or
<br /> t ,�.
<br /> (ii)Botrower defaults by fafling.for a period of thiRy dnys,ta perform any othcr obligations contnined in this I ,
<br /> n 5ecurity Instrument. �,�
<br /> (b)Sale Without Credtt Approval. Lender ahall,if permiKed by applicable IAw And with the prior�pproval of the
<br /> 5ecretnry,require immedlate payment in full of all the sums secured by this Security Instrument if: �
<br /> (i)All or puA of the Property,or u be�r.¢G'cci�!inte�st ln a trust awning all�r part of the Ro�crty,is xold or � �
<br /> otherwise trnnsferred(other 1Cean 8+y devise a�r dnscent)by the Barrower,and
<br /> (ii)7'he Property is not accu�ied Q�y the pucchaser or grart4ee as his ar her principat�esidence,or the purcP�aser �
<br /> a�r grantee does so occupy tRe Pmperty but his a�t (ter credit has not been approved in ac�:ordanc�
<br /> witQ�the reyuiremeEn¢s oG iF�e Secretury. " . °
<br /> (r1 No Waiver. If camcumstamces occur that would permit lateder to require immediate paymene in fuU,but Lender '
<br /> daes nnt reyuire sucQn paymeaa4s,Lender does not waive Its rigtnts wi3fi res�ece tu subse�guenq events. � �
<br /> (a�)Q2¢�;ulattons of ff841flB Saca�ettuy. ln many clrcumatateas negulations�ss�ed by the Seccetary wilt limit Lendcr's f
<br /> rightx, ia ii�e cuxe af payneznt�Befuuilc. torequlre imca�eftiaRe paymen8 in fult und forecl«ce if nnt puid. 'I'his
<br /> Security Instrument does not authorize acceleration or fo�Aosare if not permitted by�gulations nf the Sectetury. i ��
<br /> (e)Mortgage Not amswred. Borcnwer agrees that should t4tis Security ta�suument and the note secured thereMy not • t�
<br /> tte cligible for insuvance under t6�e National 6-0ousing Act wlthin from the � " �
<br /> date here�f,Lender may,at its option and not�vithstending anything in Paragraph 9,require immediate payment in 1''�{_`.
<br /> full of all sums secured by tG�is Security Instrument. A wrttten statement of any authorized agent of the Secretary � '.`.�'`� '•e
<br /> � ; dated subseque�t to from the date hereof,declining to insure this Security ! �" � ��
<br /> lnxtrument nnd the note secured thereby,shall be deemed conclusive proof of�uch ineligibility. Notwithstanding , . ,."•�'
<br /> ' . the forcgoing, this optivn may nat he exercised by Lender when the unavailability of insurance is solely due a� ,_�_,'�;_
<br /> =; -
<br /> � � � L.ender?s failure to remit a monga�e insurance premium to the Secretary. =¢'°� ;
<br /> '�••-�' � •''� 10. Reinstatement. Barmwer h��a nght to be reinstated if Lender has required immediate payment in full becs�use �}
<br /> .;� � �
<br /> of Bormwert failure to pny nn amoun� due unde�the•Note or this Security Instrument. 'iliic right applie:even after ;.;;,�.�y
<br /> � �'� forecloxure proceedings are institutecl. To reinstate the Security Ymstrument, Borrower sfiaCl temler m a iump sum :+ii � '.;�;����_.r� �
<br /> �''`� amounts uired to brin Bortower!s nccount current includin .t¢+ihr extent the are obli atiom of Borrower under this • •���
<br /> .. �,= rey S 8 Y S �;,,.,:;,,;�.,
<br /> Security Instrument,foreclosure costs and reasonable and customary attomeys'fees and expenxes properly asticrci;�ted with , ?
<br /> •'F the foreclo�ure proceeding. t�pon reinstatement by Borrower,this Security Instrument and the obligations�haa it secures �,', �
<br /> ��;�; 4ha11 remoin in effect os if�.endeT had not re uired immediate a ment in full. However.Lender is not requir�c��tu permit +
<br /> �,;.:.� reinstatement if: (i)Lender has ac2rpt�d reinstatement after tphe commencement of foreclosure roceedin s withm two , '�.''',ti�i
<br /> P g •• ��_:.;,a
<br /> ' . � years immediately preceding the cz�mmencement of a curtent forectosure praceeding, (ii) min.tatement wip preclude .��•
<br /> ' ��� foreclosum an different F�ounds in the futurc,or(iii)reinstatement will adversely aff'ect the priority af the lien creuted by ,.;'��,�4;��
<br /> this Security lnetrument. ', ;. �,
<br /> , I1. fiorro�ver Non Released; Porbearance by Lender Not a Waive� �:xtension of thc time of payment c�r � '- �{,
<br /> �';� �• modificution of amorti�ation of the�ums secured by th�s Security Instrument granted hy Lender to any successor in interest • � ' ..
<br /> "'`�`'.� .', ,%'_I p{pormwer xhall not c�perate to releaxe the linbility of the originai Barrower or Sorrower!s succecwr m interest. Lender �•'���'`
<br /> 7 shnll not bc• re uired to cornmence mrsedin s e ainst an successe��in interest or rcfuse tc�est�nd time far nymcnt or '�`�'��j'•�'%'�-;o
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<br /> ��1�%,� atherwixe m�xiify nmortizution of the�nms secured by this Sec�erity Instrument by rensnn c�f aii�•demtmd mndc by thc , �`�
<br /> +�)1'•, ' original Borrower or Borri�wer e successots in interest. Any forbearance by Lender in exerci�ing any right or remedy shall � ���:' !
<br /> • not be u waiver oF or prerlude the exercise of any righl or remedy.
<br /> ' 12. Setecescnrs an:! :1s.ciRns Bound:Joint and Several Liability; CaSigners. The cmenants and asreements of �.`�'
<br /> � � � � thix Security Instrunrerot shall bind nnd henefit the successors and agsigns of Lender and Borrc�.�er, �uhjttt to the prcwisioas "f� `', "
<br /> . c�f Pnragraph 9.h. B��no�vc�'s covenants and agreements shall be joint and several. Any Porrrnti�er who co-tigns thi� . ;..���. ,• �
<br /> Security Instrument but does not execute the Note: (a)is co-signing this Securit��bistn�mei:a nnly to mortgage,grant a�id , , ��
<br /> convey th:�t [iorrower�inte rest in the Propeny under the terms of this Security Instn�ment;Ih) ic na»percon;illy ohligatcd to =Z
<br /> . ' pay the sams xccured't�y Ih ix Sccurity Invtnunenk anJ(c)agrees that Lender and am•other Raurrn�cr rnav:�grec to extcnd, � �s.
<br /> � -. mixiify,forbe�r or maSCe any acromnuHlutiems with regard to the tetms of this Sc��urit� lnstri�mene or the Natc��•ithout thut
<br /> $orrower�concent.
<br /> ��' 13. Nntices. Any notice to Bortowcr provided for in this S2carity Instn�ment shall hr citi�n P}•etelivering it or hy
<br /> ,��•�� �tiniliag h hc fint claxs mttil unless appficahle law requims use of another methcxf. '�he n��uce �hall he clirected to thc
<br /> {'ro�e�y Aelilmss or any othcr aJJres�Borrower designates by notic�ti�Lendec Any notire tn !_cncler shall hr givcn hy
<br /> first cla��mail to Leroder'c addrccs atatrJ herein or any address l.ender designate� b�• nut6ce t�• B��Rm�er. Any notice
<br /> pmvideJ for in this Security lnst�ument.hall he dcemed to have been given to Borro��•cr or l.rndcr uhcn given as provided
<br /> .. .�, i�i this puragraph.
<br /> l4. loawerning i.aw; Se��erabilioa•. 'll�is Scrurity Instrument shnll bc govemcd h� I�e�!er.nl taw xnd thc law�nf thc
<br /> • jurisdicti<+n in whirh the Pro��erty is lixnted. In the event that any provision cx ciause ��f d'2�:Sccurity In�tn�ment or the
<br /> Note cc+nllicts�vith npplicablr im�, tiuch cimtlict shntl not affect other pmvisions c�f this Srcurit}•In�tnunent ar thr Notr
<br /> which enn he�iven eltcit�vithuu�thc cemflicting provision, 'R>th'ts enJ the proviaicros c�f this Security I�iztru►nent and tl�c
<br /> Nc�tc ure dcclt�red tu Ix+cverahlc. .
<br /> IS. Iiorrc►�►�er's Cupy. Born►wcr�hall t+c given one wnformed copy of thi�Sccuriry Intit�umcnt.
<br /> 16. Acci�nment af Yte�ts. B��noarr unconditionaqy a.esigns and transfcr�tn Lendcr al l Ihc rcnt�anJ rcvrnurs e�f thc
<br /> i'm�xrty. I;orn���•cr autla,risr�l.cnder or l.cndrr c agents to collect the rcnte anJ mvrnur�and hrrrl+� cliice•t,cach t�•n:m���f '
<br /> the 1'n+Extty In pay thr nnt�to Lrndrr�,r Lrndcr:iigenta. However.prie�r tc, I.endrrc nn�irc tc+ linnu.�cr of H��rn,.�rr:
<br /> hrcachc�t uny rovenan�ur uFrcenxnt in the Security in�trument.Bomou�er shaU roUr�t:uid utirivr:dl rent�and rcvrnur�ol
<br /> thr{4nncrtv:�c tmstcc for thc hcncfit of I.cndcr and B�irmwer. ThiA necienment of rcnt�ronstilutcx an abst�lutc a�sientncnt
<br /> � and nol un..ssi�nmcnt for additiona!security unl�. �
<br /> 1(Lender give�notice of hrcnch to Borrower. (A)nit rents reeeived by Bnrmaer.h�ll l�e hetd by Rurt����er ac m�.tm
<br /> fur txnrfit nf Lcndrr only, to be npplicd 1��the sums�ecured by the Sccurity Instniment:th�Lrndcr�hali Fx enttNed t�� .
<br /> �' r��ll�tl smd rercivr sdl af the�entc e.f Ihe i'n►�xrty:nnd(c)each tenunt uf the F'roperty chidl pa�•:tll trnk dui:mct unp:ud ti�
<br /> I,endcr c�r Lcndcr's:�grnl on l.ender'.v a�riucn demnnd to the tenant.
<br /> Bc+rn►wcr ha� m►t rKrrutect nny prior acsignment of the rents and ha�nc�t imd ���ill u�►t perG�nn am ;�ct that .�•uul�i
<br /> prcvcnt I.rnder fmm excrciaing it.rights undcr thi�F'arngrnph 16.
<br /> � Lendcr shall not hc reyuireJ tn entcr upcm, take cnntrol of or maintain thc F'ropcny hefon or aUcr givmg rioticr ut
<br /> txeuch to Eiorro��•er. Huwever,i.enJer or a judicially appointed rereiver mny do tio nt any time thrre i.a hrcarh. ��m
<br /> hpplicatian nf mnt.�h:dl not curc or a•aive any drfault or invalidate any other right nr mmed�•�+f i.c��dc�. I hi.a..iEnmcnt
<br /> .�(mnt�uf the f'n��xrty tihull terminate when tlu deMt.ecured hy ehe xecur"saf In�rrument ec paiJ in tull.
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