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<br /> ^ ,F,l,: - t r'4*`�• . . , paS+mems,r�hi�aie r�feree0 fa in gh�.ar c�un��a�s�tiQ�� sucte payiraeaU�:.A1oj��t�ess FmoeeQs��v�;�eaa� _-- --
<br /> " �, nmoue�t c�ui�ec!to pay ell outstandIng Ia��deDtedaxss under th��i.�.��i1�S�aflr}:Inscn�caS�a�1 be pa�d co�e e�ti�
<br /> t�,` ���.��� ,£, `�'.��� .. Iega11y emctledtYeeisztu. �- . . , , ---------_ __
<br /> � � =� s `4 � 8. �ec9, �.e�dac aeuq.cullect fegs and chasg�avath�ized hy�h�Sucrc-us1t. , �
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<br /> _ . �,.���� ', sequtati imm�diase pay�ent isn fnll of aU sums sxcured�5,��,ahi�S�s.wity L�suumeni if¢. - , �.�'�� "
<br /> _ � � . (�Borrawer defaults by f�itist�tv pay in fWl.any,ms�ihiy�Y�eaf requi:�ec!by�:3his:.�t�ttritg instr�uts�cal�tfi4is�� �' k r �
<br /> ' - -— toosog st;«�iedat�of�n�at ffiaa►thty.paymPak!n� ' � � � _ -
<br /> (v)Ba�tt�defaWts by fail�n�,fcr p percod at[huty d�y�.tb perE'pim uriy rnher obii�siio�a a�trz��m,8 u s� . - �x � � �-'��. �,�-
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<br /> - (m)Sase�t3�oue CreO�Approv�l.L,ender shall.if pt�mitt�d by applicab2e law sasl a�th th�gsiar��alai.E�itt.;:; � -
<br /> Ssxreta.iy,r�qui��mediate payment irw fut!af u11 the sums secvred by this Secority:tnutusn$at if: r��, T`�'"'- --
<br /> . . ��.i ■�. 1���]� hlr'.y t y< ,
<br /> . (i)AlI ar part af t�e Prape�y.oa a bet4efic�al interest in a aust o�+ning-all ar p�t af,tbY t1O.��j iP'wY�{� ,��� J }-� ,' -�,
<br /> �� � �. � . otbeiwise agnsferted(oaher d�an by devise ar desoent)by the Barro�vzr.aad� -�-- _-
<br /> ('u)'itie Progertq is not oa;up'sed by the purchaser ur grantea as his ur her principat�sidese�+e.us th�pmska�r �_ �; :, �'��� x:
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<br /> - . or $tantee does sn uacupy the Ptoperty. but his or her credit lr,s not bien agp�mved in a�nndanse . s ������ :;
<br /> • with dte tequuemQnts af th�Secc�truy. • br -
<br /> �- :_;.. � (�3 No eVaiver. If ci�mstunozs oocur that would petmit Lender to sequire immedlate gaymESa1 in fuU,bmi�Le�zlt��., �, , _
<br /> . , - dcns not requina af HUD�eats,ixnder does aot waive its rights with sespact w subseqteaat events. ' `�� f � �'�_
<br /> (d)I�gutgtEa�s S�ar� In many.cinwns�nces regulations issued 6y tho 5�n�,�an"tl:tiinit Lev�t�s�., •��`: lfa �.�,.,
<br /> . .l rights.in tha case of Qayment defauits.ta�cequirc imm�ate payment in full�ansl foieclase if nat� �isl::'ZT}is, s� , �rr� .�.,
<br /> . Seaui t y I n s u u m e n t d o e s n o t a u t l�o r i z e s o o e G e m t i o n a r f in e c i a s u re i f a c n p e i m itted�i y re g t il a tians of th��: � u .f �.�_„�-_�
<br /> � ' (e)�artgAge lVat Insusrt�. Boaawer agiees that shaWwd,this Sscurity Insuument•and�th�aote secured t��oby��iaR.' - . ' :•"�,� -
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<br /> •;�� , be eli g�'6ie for insurance under the Natimtal Hausin AM►W1YWl •� Vi�'T'r� -
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<br /> at iu o.tion and noswithsttneding a��thmg in Patagrnph9:�eqaiie�►med"�RCpaynten t�in —�'`�`'°
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<br /> ` '�� f u ll a f a U s u m s se�uled b y this Securi ry[�suuan�t A written statement of any authari��ni af.fh:5 . .,,:{.•";,:?�
<br /> ecreiary ., �f� �.�:,�a:
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<br /> - :. dated sub au to. from the date heienf,declining to�sure this Secwity �:��'t;: �_j,�„`'�=:,;
<br /> - •� �N 90 DAYS ::t:i...�� ' :�.�:
<br /> -���"-- �•`•�' - Insnument and the nots secured hy. 1 be daemed oonctusive proof of sucl�inefi bility. Naia�tlu-tun�ing ?->��` .r;��"�,>
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<br /> ths furegUing,this option,m�y not be esencise�by,Lender when the unavaila'bility of�insurance is sa6:1���Qcfu.tti, �_: A�,k3i x�,,,,r.
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<br /> ��.� �;.;,,:.,'. . � Lender's faiture to rEmit a mortgage insman�premiurn ta¢he Se�e�y. .yt`�� �':—
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<br /> ; ' .. 10. Reinstateutent Bortower has a right ta be reinsta!e�if Lender hoa�iequiied in►me�dis�v paYm�t�in,full;�e
<br /> :�<`;: `:-;;��?. . : uf Bomawer's failut�e w pay an amount due undtr the-Nat� or this Sea,wity Uutrum�t 7tr�ri�t�ag�tits'-Cv,e�tafifx : .
<br />_ . ,:=?��';-`= =- - � fmaslasuxe proceedings a� institute8. 'Ib�einstnte the Sec�nity �nsttum�nt,Smrorier s6aU t�ta��n�a,Itimp>su�u�U�l ; ..`r
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<br /> ,.,.�:r•�'•` � amapnts reqaired ta�sriag Borro�s's ascount cwrent ir�cluding�ta the exte�l they are ohli�tian;of,8mnrnirr�an�;fihis • ,..v . �,
<br /> " ,�c•;'i;�';��`�' � ' Senuity•lnstmment,foreelosura caets and zeasanabl�a aad eus mi► attorn s'fees an� rr►3es �associat�it�t�tiffi � . ,�. '� r.
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<br /> ,fS�';; .`" • the faaectos�me proceeding. Upwi reinstatement by Bomamxr..ihis Security Inswmznt•anfl t?►r obl3�aions th�9�it�se�ues ;F�i��;t`�7�; �
<br /> '';-'�''�'�`�.' shaU temain in effeM as if Lender had nat�madiste paym�t in full. Hotivever.L'en��rr is aat m,�{uired to permit •;;'�`�` " '
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<br /> �';;��:'>'•� � rciasEatemern i�. (ii�l:ender has accepted� amafter tha oommaEt�r�t�of�fQieclasure pt�cec�gs arithin taro ,;y,•;,i°�,;:.3�;3`'
<br /> � A, a�� � � ye�s immediate!a pta�Aing the camna.nc�m�i�tao�'�a cunen� foreeltnure�Reo^.ee�iin�;(ii)•reinsa.uit�3��twitl gm�Iude ' �L ,; � `�;
<br /> . ?'` �_ ... _ fineclauua on d��ent�gmunds in•ttw future,irr(fiil reinsttuem�a•ill�pd'v�e1y�afface,ih�+psiority�nf�tli:lien c�eated by ��
<br /> ` �'�� r•�' thisSoswityl�hum�it. `.k.._ �. �,,.�
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<br /> � Il.. pornot�rer Nat Releaselli Forbearanoe 6}�.Leadt�s NdI_a tVnii'er. Extat�;i�o�of the time of payment•or ; . �� .:';.:'�
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<br /> , �;` � ';� ' mnc�ralian of am�tian of the sums secured 6}-thic Scniiify iri4uum�ii gnanted by,f:en�er to any success�in inteiesa {.:�:,,::�.':, .� ,
<br /> . . . :� of Borrower shalli�ope'rate to release tha lia6ili�y.of tif�ori�i►r#I;Borrov�er•or Borrawer�successar in•i��est. Lender v: � ,':,..•:.'`.:::.f:
<br /> ,� .�•�. • shall not be requlred ta aommertce pror.eedings�ag�+n.+-e�a.�p succcssos�in ipL�c.st ar refiue to extend time for payment or ,�`, ;:' �. .. , `.'._:-
<br /> � ' oth.rvvise modi �rrartrcation of the sums sesured� thit.Sec�rri Instrurn:nt�b�reason of an demata�made b the '.'��::=,:�:�:�
<br /> . �rv fy �'� ty > Y Y ' ,° J-
<br /> �,r•,r.:'`<.�' ori�inil�Barrower ot Barrower's�uaeessors in interas, A"s�j;furb:a�anr.e by l.ender in exc�esing any right or remedy shall ' :f�``„�.
<br /> �� • .:�r7��s�'�:.'� " nrn be a waiver of or preclude tho e�cencise of any rigtss m.rats�d}:.. � .:��.,:_�
<br /> ' . : '•�:'-�;;`:% • � 12. Saocessots aad•Assigos Huisnd;doinLand�Se�erra��u"rability;CaSigners. The oovenanu and agreemcrtts of . .. .. -
<br /> t.y;-•,,.•:,, ` '- . this Seeuziry Insmim�ns shall bind c�d benefit:lue��s�iccessars and assignc of,Lender and Borrower.subjeet to the provtscons �:•., ." ;;;:._
<br /> . , j;;` < :, ,, , of Paragaph 9.b. Bmrower's covenanis.r.�-p{tt�s:ments shall bc join��on+9.�reral. Any Borrower w�ho cas�gns this ; , • , ;:
<br /> �� f;�,.s�. .. ,•:,;-.. ' Security Instcument 6ut does noi execute B�e lVoi�: (a)is co-signing this Se�vrifr ynstrsment only to martgage.giant and .r:; ° . _
<br /> � �`"�'� '�;�;�r,���� � ' conv that Bolro�vers interest'sr�it;�:Progerty under the terms of this Securiry ii,ua-�:,.t;�(iy�is nat persanally obli�ated to ''r��� .
<br /> �'.AF7�.;����A��i.��. � .. . .
<br /> s '�'�' ',Jtii,l`•' - ' Pay t�sw:aums secured by this SecvritJ Jnsirumen�and(c)agrees that Lender and any ci3a,;r L;+�rrower may agree ta e�snd. ,
<br /> .��j4� ��` ' �.r kr' .' fRf�3S�Vy:�+orbear or make any acccstr:anadations with regard to the terms af ihis Security[n:fn�!�ent or the Note wiri='txit t71:at . .
<br /> �•, !�,}lg,:. ' � � Sum�uc:r's conser.t � `� � '. ,�
<br /> �� ;�}"� ` :� ` ." ' •U3. Noti�es. Any norice to Borrower pru�ided for in thia Security lnstrument shall be given by dr�it�,�.���:'ur by
<br /> ''•� � ritaifi�r it by firsY�i:L-its mail untess applicabt�law requires use of another rreshod. 71►e notice shatl I�.�iira.�ed to the .
<br /> ' % �, '.;::yt�,:,�:' ' � ' tfia��..Address or any other address Borrower designates b��notica to Le�uer. Any not"r�to I.ende�:i��''16e givet�by � •
<br /> •. �,";�;+;..}.;{1`� `. ' fi�z il,�.�,mail to Lender's addn:�s:s.ated herein or any address Lender designates b�•n�:trx to Borrower. Any m�ice � ,. .
<br /> � -rc,�:;r°>_,•�,. p�nsfiiul for in this Security Insttumcrt shall be deemed to have been given to Bormwer ort.'ender when given as provi�:d ,
<br /> ,�,. •, iadti�s'�araSraPh• •
<br /> • ` ; � 44. Goveming Law:5ecr�;�,��tty. This Security lnstrument shall M���,uemcd by Federal law.�.:n3 the taw of the • " .
<br /> ,� ' ��' uri�xtistion i�which the Pro �}�tocated. In the event that an rovi4ion csr daase of this Seeuritr T;��trument or the �
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<br /> • • • .�-''-'<�`'�� Nete a�flic�s with apQlirable la�v;�:nch contlict shall nvt affect other pmvisions of this S;xurity Instt�.r:;.ynt or the Note ,,�';:••,:;.., • .
<br /> .2%��f;;�Y" whicfr cure be given effect witFw�i�lii:conflicting provisie.n, To this end�he provisionu uf ii�i'��:�ecurity Instnimeas;�iihe •:?: � . ,• �
<br /> .`x''�' Nare are deciared to be sevetai��:u � ` '. , ,.,,,�
<br /> , 15. Bomnaer's Copy.8a.mi�xer shall be given one confam.ed copy of this Sccc.,*iiy i`rn�rrF�rnent. • � � ,�;.,;�,,: .
<br /> r:;.� 16. Assignmeat�i�fReat�. Sormweruncond�Nonallyassigriiaadtra�>fer>.vLen�ir:-�>t`��ren:santteven:i���'t2,e s . `�;;"..'
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<br /> �; Property. Bomoa•er aushoriz�.�.eader or l.cRder's agents to collect the rerts:�rd r.:cenues�-.,3�r.srzL-�ain�r.t�.each te:i„rt of �; : � '� .,,y;`<:.;;t,';�'!:
<br /> • '� the Pmperty to pay the rents to Lerzder ar Lender's agents. Hoa•ever,prior;t��•Gcmders r�,�t.iin'#�s�mrar4z of Bmrower's ':.�`;'�::r`' �-
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<br /> � . 6reacb of any covenant or agrcan�t in the Security Inurument;Horro�ser sh�14 collect usd r�an°,c�;�it a�i:',s and ievenues of� �.
<br /> ' , the Property as trostee for the benefri of Lcnder ana Borroacr.�71tis assignment of rents ce.is��itutes an aissolute assignment� t .
<br /> ;� and not an assignment for udditional security only. _ .
<br /> .� . if I.ender gwcs rtotice of bteach to Bortuu�er. ta)all rcnts mrei�•ed by Eanotver shail'be held 6y Botmner nn trt�te+a �
<br /> � i; �: for bene�it of Lend�►only.to be applied to tht sums secureil b)•the Security instrumen�Ib1 Lender sh�I)be entiQed to ; . • �
<br /> , �R coll�zct nrtd reoeive a11 of the renu of the Aroperty;alyd(c)each tenant of the Prapeny shal!�pay all'rents due and unpaid to �
<br /> �, '�;.� l.ead�er or Lender's agent on Lrnder's written demand to tht tenant� � ..
<br /> ' ` :�• �•�• Bwrow�er has no�executed any Qrior auign�nt of the rents an�has no�and will rtot perform any act that wouttl •
<br /> , ;;i.. . . • prevent Lender from eae�ising its ngfits under this Para�rap{`► 18. � � � •
<br /> - ' Lendat shaq noi 6e required to enter upon.take control of or maim�in the Property before or:�fter gi�•ing nodce of i �
<br /> . :�.: . �
<br /> � 6mach to BoTrowe� However.Lender or a ju�cialty ap�ointed recei«r m�y do so at pny time there is a 6reach. Any
<br /> � ; i: ' � . appli¢ati�m of rents shall aot cnre or wai�e any defauIt or mvatie�te any ottrrr riFht or r�rne��of Lender. Ti h'�s assignm�ne ' .
<br /> " ?:'� '". ' '• of rents of the Praperty shall tcaninate when the debt secured by the Securit�•instw�n�is paia in ful1. '
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