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<br />_ aea`r`+L=±eS.+���a�s , ( . . . . �[ ` " —
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<br /> `�= figY�e�ts.whicb ac�r�fesrc9 ao in b�2.or ch�tit�araotr�t�f s�sch payinea� �1dy exces.9 pzoceeas aves at�
<br /> ne�
<br />= uodauIIt re�nued to gay nil outss�nding�inde( edness mider th�R'ote ssid t�his�ecurity fn�n�Im�nt�atl be paid w tI�etiiiry ..
<br /> ` ; ;��, ' Iegaiiy ent�Ied theieto. ... ` . ; . . � � • ` ---
<br />= 8 �as�►�dedrm2i�t eo9lixi fees and ct�rgea authorizzd�}r th�Secre�try. ,
<br />= 9�Grauads Cor Acatkrat#oa ot QslsL ��� , —
<br /> x;�-.�:;�;::;�:•'�_.._. � (aD R)eSaniL Lender ttiny.ex�t as liniited by�tts'iss�e�9 6y the 3°.cx�tasy in ths.r�of pays�e�t defa�Its. --
<br />_ :s��;._.;,;-�:.r;::�c ,tequ�ue i�mediate payuceut In fati of a]l sarns secuteE by this Security Tasocuraeat ifi
<br /> -=`��'`'4-a"�, ` . defaults by£siiing w pa isi.faU aay monthly pay�nt�equi�ed by thia S�ity Insu�ment griar � . <
<br /> (i)Eomow�er y s�
<br /> ��� u_ a�` to ar on tI�dae da�of tt�n�xt mant[�Y�aYme�►t,ar . _.. ___
<br /> ,° �, S)�a�ow��by t'aiting,far a geriod aYtk£Ry days,to perfaim any at�t abliga3i�s c�-�m��ja�is . -_ _
<br /> 7��.�;� ',�f..���;:-�".` .:� (b'�$aT�+t�anL dYcdit Ilpp�aval. Lct►de�'sha11.if p�atiued by applicablc faw and wizb th�gria�appmvaTi of tlree � �._--
<br />.. .�"*� ,:-: .�.>:,:::r' S�,_�guite imnauediase payment m tull of a11 tLe sums seenred by thts Socuticy Insi�ument i�
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<br /> .,x-:_,�,.�_._,. Ci)f�ll or puta of the .�a beaeeficial iateeest in a tivst owning a1D or pais of the Ptapetty,is so2d or• _
<br /> '� ���.�..; ' otheiwis�ti�sfer�ed(otizer by devise os de�)bS►t�e Bomower.aad
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<br /> �'' = '> ' .�.;;.y Cn7�e Fto�sesty�as not ocenpied by ttte pu�haser or graatce as his oa I�er princip,al tesidenoe.or the pu�l�aser
<br />- � • . ° � t. ar g,�antee dces.so accopy the Plv�► 6ut Ws or her czedit h�s rs�t tse�n approved 'm aoo�d�oe
<br /> �,�,.;;+:ii;��`':;s;:`"?"!;�:' witb the re�oirements of the Ses�cuuy. _
<br />_- `•;`•'<<:.:: � • ;�,'�..,u� (c�No R'a3vrer. If circumscances acc�.dtat wau2d pennit Leuder tm�equire iaamed'eate pa�t in finti.brrt Lender
<br /> , ,. •�, c4ass aot ceqnue sueh iyatenis.l.�der daes not wa�ve its rights witb�tct tfl su6sequenEevears. _._
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<br /> � a• ',� (�)��StIIQt19���@1IIP9 lD q1111►j1 CRC7IIIESt3IICCS TCgU�'h�IIS I£�TIEd�}t t�16$ECt2t3Tyt WI��Ilt�.C[I�.fjS _.
<br /> " ' ,��; righta.in the cas+e of payment defaWts.to requiz+e immediate paym�i in fu�a�d frnectose if not paid. 71us ---
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<br /> ` � - Seciutty Inss�nteat does aot avthorize aooeleration or fo�clos�ue if¢at�mst�ad by reguiations of t�e Secietary. --
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<br /> ��. , (e)1i3art�ge PIai Iusvred. Bo�ower agcees that sdanld dus Sec�aity9a t]A and tir�noie sectsred thece[sy aat ('•�rs;;s;�;.`-
<br /> � , . 6e eligible for insuianee �_ , from the� �'�'s':
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<br />_. � '<:..�µ: � da�hemof.l.eader may.at its option and noiwithstanding auyt�in P�-�9.c�yize immed�ate paYa►tat in
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<br /> ;. ••� >�;,>:;�: -:...- •: --- . - . - I115uu�etlt �ltwritteD stai�necti ti�0s�ysttthotized-agent of-the Sec¢etsry . .... �� --
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<br /> ,� . . . fuII uf alI"siims seaued tiyr�t�'"i3 S�wirg � �'
<br /> �r :`��,�` " danad svbsequeat to 90 DAY5 from the d�it_�eaf.decWring to ias�u�e this Security :�` �
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<br /> :,� ,�. r,`'', .:..• , Uuicnrnent aiqd the note sec�red theceby.shall 6e-deemed oonclnsive pmvf of such ineligibility. Notwithstanding 4 ;`�'..;°�-:.
<br /> ' tt��foiegoing,this option may not be eae�ised by Lender when the unavaitah�ity mf fnsmance is.soIely due m .•. ; `_
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<br /> _ . ';.���,? I.c�der�faliue to remit a m n rt g a ge insuraaee pmmium to the Secnetary. .
<br /> t�,,�. 10 Reinstatement Bormwer t►ac a right w 6e reinstated if l:ender has required immediate payment in full beoauis�':.:,.�` ,
<br /> • . _ ' of Borrower�failuze to pay an amonnt due under tlne•Note or this Secuiity Insuumen� 'i'his nght ajr�lies even after• . . .�j '�r.
<br /> ' . - fuieclosvre pTaceedings a:e uudnrted. To reias�te t[ne Security lnsuument,Borrowet shali tender in a Iwnp sum all � .;:?:y<<;: '�t?�`-
<br /> . . _• ..,:`;.°� amouau iequiied to 6nng Borrower�s acoount cmren!6nctuding,to the e�ctent they are obligatiQas of Barrower ander this . ;• •`�����. °•. �r�:
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<br /> 5 ,:• --f `;' .<.:` Seauity lnst�ument,farecWsare costs and reasonable a.:�d cnstomazy aaomeys'fees and expea�sF.s�ptoperty assaciated with ,,�:�..: , ,, ; R
<br /> �•. . :, the fa�cIasuie pmceeding. Upon reinstatement 6y Bormwer,this Security Insbument and tSt�obbgarions that it seciues f..~`;:�, ,�.,—,
<br /> • -"�.'', shnll�nuin in effect as if l.ender had aot requued immediate paameat in fuLL However.Lender is not required to pemiit :'. �,:.�:. . 'r;
<br /> < teinttateinent if: (i)Lender has acc.epted reinstatemc-�t after tae�+nmmencem�i'rn€foreclosure pmceedings witLin two �, Ek 1 , �. ;�
<br /> '�'„,. .�,.,-:;,_;; . ' .qears immediately preoe�in� the commencement af"a emr�nt ��osure pzacx�S,(ii) reinstatement will.preclude .��� N � •- -
<br /> '"�'%'` ''�'orectosare on different gmunds in the futute.or(ui'�c�astatemeiit:wr;l adverseiy:ut�'�ect the prinnry of the lien cceated by • ' 'r `
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<br /> - --- '.s��,�;,- :� tfis Sea�rity Instrument: ,, • . , , ,-_ ,� r
<br /> 11. Barrower Not Released; For6earance by Leuder ttnd`a Waiver. Extcnsioa a�.�:e time of payment or
<br /> , . madifieation of amortiiation of the sums secuied by this Security Inswment granted by Lead:i'ci�any successor in interest ��'•• �.:. ,:���
<br /> �.,•;��'.. • . ' . ' of Bmmwer shall not o e to nlease the liabili oCti:e o inul Borrower or Bonower's siva�ssor�n aeten�t.. Lender � �
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<br /> � . ." . sha11 not be req�ired ro c�mrtmence proceeding S�..LRnt.riny uccessor in interest or refuse to extend time Ecr.p��-ment or '�.�•'� : . j
<br /> • , othemise mod' amortization of the sums securai.bv:tfiis Security Instrument,iby reasvn of any demand�by the f:`;:''`����`�
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<br />- '. •�. ;'.�':'�`:`,�:�; original Bormwer or Borrower§succrssa.�s in inteTest,°E+eny forbearance by Lendei in exercisin�aay right or femedy shall ,_u:-�.=
<br /> ' ' S?`�% not be a�A�.iver of or preclude the exen~is�of any right or remedy.. ����
<br />��.� t�,t.i ��_
<br /> : ; : ,,���ry�: . ff�.;�oessors aad Assigns HaUs�J;Joint and Sever�d LL�ta�ity;Co-Signers. The covenanu and agreements of .. _.:_V —
<br /> ' },", .• ,.ft�,�1��'�•� this S���Lnstrument si�all bind and benefit the successors arxk:�e;�i��ts of L�^�r.and Burtower,subject to the provisions �
<br /> �•;'::��f,ti,�i;�;`� r, :"�'?�i��;:� ��•.of.P�c��'a 9.6. Borraaer's covenants and agmemenu shaJl be�int and'�;v�a1. My Borrower who co-s�gns this - ` =--
<br /> �-�.:�ftli�fj��!.� �\�� 4 . . ..�.:-.
<br /> �.; r y� $ecur�i�Lm��nent but iiaes not exetute the Note: (aj is co-signing this Ses�.uitp[nswment only to mortgage.grant and °;n�,;,.____
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<br /> � �'Y+���'l�(� . convC'�'•�9s�t�6i�mower�s interest in the Property under the tem�s of thi.4.Se:urity itt-.-t:umenh,(b)is not personally obl�gated to �:<:r-'
<br /> •" �� � • '���'�'n';7` pay�re:�s secured by this Security]nswment•and(c)agrees s�.32 T:�Mer and any other Borrower may agree to extend, • __
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<br /> :�.' . . • .�;;'�;tti madffy.��+,�t''sear or make any accommodations with,regard ta the n�my c�t`this Securiry lnstniment or the Note withaut that _ _
<br /> _� . ��� � � . Bormvu�r's cansent. � '.�
<br /> - � - -- ' � 13. NotFces. Any notice to Borrawer provided fur in this Security Insmm-•ent shall be given by delivering it or by �';°x.�.
<br /> - � • , . . ..maiting it by first class mail untess applicable law n:cjuires use of another method. 71�e notice shall be directed to the � , '`.,-__
<br /> ' ' ' . �ropaxv�;�dnss or any other address Borrower des��nates by notice to Lender. Any notice to Lender sha116e given by ,
<br /> � �° •:':�'��. first i;i:�:m3il to Lendet's address sta7�herein or any address Lemder designates by notice tn Bormwer. My notice
<br /> � �• '?';Ij;'.:�:,.. � . ' ?�F -:--
<br />_ . :.,;,,,,,.,,, provi��i�fo�in this 5ecurity Inswm�l�.�h all be deemed to have tr�en given to Borrower or L�der when given us provided ; �
<br /> �,r ��� ' in this paragraph. � �t `"
<br /> " �:�� � � 14. Goveming Luw;Severabilii`y. 'R►is Security fnstrument sha116e govemed by C�;x•�1 law and the law of ihe
<br /> ' 1�����,��' j�uisdiction in which the Propetty is located. ln the event that any provision or ctause oC tttis 5eruriry Insttument or�he , � � f'` ...__
<br /> "''S�!�' No t e c a n fl i c t s w i t h a p p l i c a b l e l a ti v,s u c h c o n fl i c t s h a l l n o t a f'f e c t o t h e r p r o v i s i a n s o f t h i s S��ty i ns t r u m e n t o r t h e Not e 'i'' ` ;�':`•�.�����
<br /> ; ..._ �,�.__
<br /> •� �':�``�`�'' which can be given ef fect without the c:onflicting pmvision. To this end the provisions of tlti��ecurity Tnstrument artd the. �:`� �" ` `
<br /> �.�t„�,;i �o, v� •': +:�--
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<br /> � Note are declared to be severable. , �,4i��;!��;. •':�
<br /> ; 1 S. B o r r o w e r's C o p y. B o m o w c�r�a 1 1 be g i v e n o n c c o n f a r i n u i c o p y of this Securit y Instn�men� .:,{�.i,Ca` �� '
<br /> 1 6. A s s t g n a t e n t a Y R e e t a B o r r�wer unconditionult y assi g ns and transfcrs to l.ender all the rents and revenues of the .�}�+�`�`�,``'.:�.'.'.'
<br /> ' , Ptoperty. Bomower atulvirizes 1.enQet or Lender's agents to collect the rents and revenues and hereby directs each tenant of � ' ' -
<br /> } � ' the Praperty to pay ti�e•renu to Lender or Lrnder's agents. However,prior to Lcndcr s notice to Bornower of Borrower's ' ;,. ", ;:
<br /> { breach of�ny eoventu�t or agreement in�tiie Security insaument.Bomoµ�er shall collect:u�d receit•e all cenu and revenues of :•�i;�;e'.'. •
<br /> n entu ,j;:,
<br /> , ;�'. ,::`'� the Pio�rty�s wstee frn the benefit ot Fsnder and BorroN•er. 71�is acsignment of rents constitutes an absolute usignmetst ,,,�,,;:-�; ��
<br /> . :' °;:,�' and not an 3ssignmenl for fldditional security only. ��,:,`� .
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<br /> .�, -h� °� � If l.ender g�ves notice of breach to BarruH•er. la)all tents received by Borrnw•er shali be held by Borrower as wstee
<br /> . �;, .., � : • ,�. for benefit of Lender only,to be appli�d to the sums secuted by the Secuniy InSttument:(b1 Leader shall be entitied to
<br /> -�= coilect and receive all of the rents of the Pcopeny;and(c)each tenant of the Pnspeey shall pay all rents due and unpaid to
<br /> i :�_, ' � . ��� Lender or LenQer's agent on Lender's written demand to the tentmt. ,
<br /> f ' Bortoa�tt has not executed any ptior assignment of ihe renis and hac not and�syll nnt perfotm any act that would � .
<br /> , �� �r ti: ; . prevent l.ender from eaerclsing its rig�ts unQer this P.�ragraph 16. ' ' .
<br /> t• •� • � ��•�
<br /> � Lendfr shall not 6e nquimd w enter upon.take cantrol of or maintain the Property before or after giving nodce of � .
<br /> , . • bleach to Borrower. HoWever.L.eader or a judicially ap�ointed receiver may do sa at any time there is u breach My � • .
<br /> � �. ' application of�eats sl�all nat cure or waive any defaWt or invalidate any mher right or remedy of Lender. 7t�is assignment ; .
<br /> . .� .�.�� .' • ' of rents of the Ptvpe�ty shall ceiminate when the debt secured by the Security Instrument is pazd m full. !
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