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<br /> - — pay�nente.wt�lch arc mferred to in Parugr� 2.or change the anc►unt of such pnymen►n. Any exccss praoecds avcr an
<br />-- ---- am�unt uired to pay ull oututandin�indr.�dt�tess under the Nou und Ih1s Security Im,�rJ�nent shall ba pa3d to tho entlry
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<br /> - tegally ent tled thento.
<br /> 8. Feea. Lender mny eo�H:�t�e�s nnd ch�ges autharix.od by the 5ecretary. _
<br /> 9. (irounds fi�rr Acce{eretta�nRDtb�
<br />— (e)peftul� Lender may.except ru+limited by regulations issued by the Secretary in the cnsa of payment def�utt�.
<br /> � ------ rcyuirs f�c�n�ediate paysicnt in futl of gtl sw�s»ccurcd by this Sesrrity Ingtrument if: �____
<br /> (i)$aatawer defaults by f�ultng to pay in fuli eny mnnthty payinent required by this Security Insuument priar
<br /> to or on the due date af the next manthty paymcn�or
<br /> ,; (ii)Bflrmwer dcfaulut by falling,fot a petiod 4f th[tty days,ta perform any other obligutions cantained in th(s
<br /> ''�� Securiry Instrutrtent
<br /> ' (b)Sade Without Credtt Ap�ovnl..l.end�r shaU,if permitted by appUcable law nr�d whh the priar oppmvnt of the
<br />"`�� Secre .[eyuire immediate pay�cnt�n M11 oFnU the swns secured by th1€Security Insuuntent if:
<br /> M�.,s
<br /> •,°` (i) t os pa�t of ttte Aro�t�r:or a btneficial inte�est In u uust awning nll or part of the Praperty.is sold or RT
<br />_- o�herwire uartaferred(osh-er tha�t by devlse or descem)by the Borrowu,ond
<br />_ � (i;)'ii�e I+toperty is rtot occupted by the pnirhaser or grnntee as his or her principal residence.or the pucchaser
<br />_�,; or gruntee doca so accupy the Ptopeny but his or her credlt hes �ot been appmved in uccordm►ce �_
<br /> y,, with the reyuirements of the Secretary.
<br /> •.•�.,; (e)No V{fii�er. If cinumatunces occur that wauld permit Lender to require immediata payment in fuU.but Lender
<br /> dces not require suchp�yment�.Lertder doea not waive its rights wjth respect to subs�a�utnt events.
<br /> ` (d)Ite�latlons ot HUD Secrehry. In many circumsuu►ces regnlations issued by the Secretury wIi!Umit Lender�s
<br /> � dghts,in the case of payment defAUtGg,co rea�ui�e immedIat�paymenpte�i u�ll y�gutations of the 5�ecret�y `
<br /> Srcurity Insuument d�s not authorize naeleration or forecloaute if not ___..
<br />• (e)Mort�ge NaR Iasured. Brnrowar s�sees thut should this Security Insaument and the note secured thereby not � u_
<br /> from the
<br /> �`� ' be eltgible for insurauce under the National Housing Act within 90 DAYS ``Y�`j:
<br /> date hereof.Lrnder may.at its optlon and notvrithstanding anythin�in F�r a�sp h 9.requine immediate pa y ment in ���._
<br /> c�riro`;,. full of uU sumg secured by this Security Instruntent. A written stntement of any authorized agent of the Secr�etary W ,.
<br /> + ��� from tl�e datc hereof.declining to insure this Security ��:����:
<br /> , :�';�f:� datedsubsequentto 9p OAYS �:T
<br /> . '•'� Instrument artd the note secured thereby,r�hall�:deemed conclusive proof of such ineligibiUty. Notwithsttutding �;,�Y;_
<br /> '� • '= '; � the furegoing.this opaon may not be exercised by Lender when the unavailabillty of insurance is solely due to �
<br /> I.ertder�s failure co remit a mortgage insurance premium to the Secretary. �'�J
<br /> � • tt �,�4'� 10. Reinstatemen� Bomower has a right tn be c+elnstaced if Lender hag required immediate payment tn full because ��*-
<br /> '-. �"i.,�,?��;�,��, of Horrower�s failure to pay an amount duc under th�•Noee or this Securiry Insuumen� This nght appGes even after }.t,V_
<br /> - foosxiasuro Qmceedings ruc Iiistitt�i�t. 'Ih raitrtate t���tY l�stn�tpn►. R�'m'wer sliall tender in a lump sum atl ��u �
<br /> �•'� ' cu�ounu r�quited to bdng Botrowerb account curnnt Inclnding,to the extent they nre obligntions of Borrower under this
<br /> '�,� �; `: r4 gec�vity im,-tnaiaen�foreclosure costs and vebsonable und customury attomeys'fees and expenses pmperly assa:iated with '
<br /> , �� ��; ttte fonoclaaur�e�pTOCeeding. Upon reinsta.te�ent by Borrower.this Security Insaument and the obiigations that it secu�es ►a���=�
<br /> R, �Dl remai;.���fFect as if Lender had noi�q uired immediate payment in fuU. However.Lender is not re�uired to�etmit �,��.
<br /> t , • �;,:'�� � �ater�er�t'ifl (i)Lender h�a ac.�:epted re i nstatemenc after t he commencement af foreclosw�e proceedings�vithm two �,,;�,,,
<br /> . �.,��.;
<br /> &' �,y.;1.h 3f., S�ats immemazely pmr.eding thu commenc�ement of a czsarent foreclosure procee�iing. (ii) reinstatement wiU preclude ,�;_
<br /> e ' �'`�.�:_
<br /> foTC�cla9ure a�i different g�undx in the future.or(iii)reIn�tement wi11 adversely affect the priority of the lien created by -
<br /> this Secwity tc�cnunen� �'"'s;�
<br /> - ,ti , ,:,�.'. ,. , , il. dt�rowe* No! Released: Forbeattitnce by I.ender Not a Waiver. Extension of the dme of paym:at or -_
<br /> modificadan of amortiu+tion of the sums secuned by this Security Inswment granted by Lender to any successor in interest :
<br /> � of Borrower shall not opemte w release the liabiliry of the originat Boirower or Borrower�s successor�n inte�s� [.ender .
<br /> �; shall not be rec�uued to comrteence proceedinga a�ainst any successor in inrerest or refuse to excend time for payment or
<br /> .ti otherwise mod�fy amortiwdon of the sums secured by dus Security Insaument by re,sison of siny demcutd made by the
<br /> ,iS
<br /> originn!Borrower or Bornower�s succauors in intetesG AnY forbeurance by Lender in exercising any right or remedy s�all
<br /> noi be o wuiver of or preclude the execrise c€�ny ri�t ar remedy.
<br /> _ ,� it. 5�rsc;essors and Assigas Boumd;Jl�nt and Several Liabtlity: C'aSigneis. The rnvenants and ugreements of _ �
<br /> this Security Instrumont sh�ll bind�utd benefit the successor:s and:issigns of Lender and Borrower.subject to the provtsions �
<br /> � .�, of Atragrxph 9.b. Botrow€r�s covenants und agreemenu shall be joint and seti�eral. Any Borrower who co-stgns this �:;�.ri'
<br />���' '�%•;���;, ' Secunty inst�urnent but do��s not execute tAe Note: (a)is co-signing this Securiry lmswment only to mort�agc. t and '''`�"`
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<br /> � � A1�1''��Y �' �-) -
<br /> ,�,,��`?4�;��,;� rnnvey tfint&rr�ower's interest in tha Propetty under the rerms af this Securiry Inst�umen�(b)is not petsonally ob igsted to
<br /> ;'�; K:�°�e;;,,.. pay tlw sums s�ned by this Security Inswment�and(c)agrees that Lender und any other Bomnwer may agree to extend. .
<br /> - ="''�'�"`-:- modit'y.forbe�ior make any accommod.tions with regatd to the eetms of this Security Insuument or the Note without that
<br /> ;;"'- ',._���....:
<br /> r�`�-- Bomnwu�s consent
<br /> `` -�+.?�R�''?�= 13. Not[oes. Any rtotice to Bonuwer pmvided for in this Security Insnvment shuU be given by delivering it or by
<br /> `r";:+,e�-�''.':5+� mailu�it by first class mail uniess applicable law requires use of another method. 'Ihe notice shall be directed to the
<br /> � , =c;�•.,`•. prope�ty pddtrss or any other adds+ess Barrower designates by noace to Lender. Any notice to Lender shnll be given by
<br /> �fi �'"�'j''�hl:� first clas�c enatl to Lender�s uddr�:s sta*_ec4 hemin or any address l.ender designates by norice to Borrower. My notice
<br /> i .: ', ��;��,:-�.,,
<br /> � r�, provided fot in thls Security Instn►ment�tm31 be deemed to have been given to Botrower or Lender when given as provided
<br /> � ''�'�;::' •.
<br /> �vc s);.:�:::�.;.°:: in this atagaph.
<br /> �� "' " "-�µ��' 1q. Governing Lewt SeveraAittty. This Securiry Inswrrtent shall be govemed by F+edernl luw and the law of the .
<br /> � -����w=�t,�"�.=;
<br /> �.., +, .>.,,._,., lurisdictlon tn which the Pcoperty is located. In the event that any provision or clause of this Security Insuuntent or the
<br /> � � �` Note canflicts withapplicable law,such contl{ct shatl not at�'ect otisES provisions of this Securiry Inswment or the Note
<br /> . . •.���•�..,�,,'_. ..
<br /> : �'� ;,,':#�tt:t�'�qi;.�� W��h���ven effest without the ca,�tlictin$pmvision. 1b this end the pmvisions of this Security Insnument and the
<br /> - Note are detlaswd to 6e sevecabie.
<br />_ � ��x':t� 1S.BorroWer's Copy. Bomower st�a11 be given one confom�ed copy of this Securiry inswmenG
<br /> .�*°:�?^:. iQ As�ment of Renfs. Borcower uncondidon�lly assigns and aangfeis to Lender all the rents nrtd nevenues of the �
<br /> ,,�,;�....W.,�
<br /> • F�roperty. Bomower authorizes:.ender oz Lender�agenu to collect the rents nnd revenueis and hereby directs each tenant o
<br />:Q ' "� ;',,, , the Property to pay the rents to Lender ar Lender�s agents. No.vever,prior to Lender�notice to Borrower of Born►�ver�s r
<br /> -� - '- � "" '" bmach of any covenant or agr�eemeM in the S�curity Inswmen�Borrower sha1�co�lect artd receive all rents nnd c�evenues of I
<br /> �� the p�operty as wstee for the benefit of Lender and Borrower. Thts assignment of renu rnnsatuces an absolute assignment
<br /> ,�:��" ' ::._r:':;.;.�_.°. and not an assip�mecn ror aadiamcsi su.vriil a�ioj. _
<br /> _�;'.�. 'n'�,;_ ,��:,_ If Lender�ves noiice of breach to Bomnwer. In)alt cents ceceived by Borrowrr shutt be held by Bonower as tnucee �, .
<br /> - �-� �� for benefit of I.ender only.co beappIIed to the sums secuned by the Serurity tnstrumenr.(b)Lender shatl be entided to
<br /> , l :`:^;' ...i,�r:;
<br /> " • z��vti,::�,;u�- coileet and ceeeive nll of the rents of the Property:nnd(c)each tennnt of the Property�hall pay all rcnts due and unpaid to � .
<br />- Y•"�°��:::;� �- Lender or Lertder�ngent on Lender's wrimn demand to the tenant. �
<br /> 4�•...
<br /> ��,:;�%rd�,•��. Bnm�wer has not executed sny prior a�slBnme�tt of the nent�and has not nnd will not perfnnn nny act that would i
<br /> _ ,y;,��;.;�:;;a::• p�vent Lender fcum exercisin$its ngfits nnder this Huugmph 16.
<br /> ' ••,•. ;�;a:.•,����: tnke wnuul of or maintain thc P�openy before or ufter b�ving noarc nf ;
<br /> � Gender slwll not be requn+ed to enter upon.
<br /> ;.. '`` r b�ch to Bonower. Nowever.Lender ar a�udlcially ap�ointed receirer m:iy do so at any time there is n breach. Any ,
<br /> �'•�� �,�::;�%:��.':
<br /> ..;��;�:.-_�;��•, nppiication of rents shall not cuce or wnive uny defuult or invalidate any athcr right or remcd�uf Lendcr. This avsignmcnt �
<br /> ,���•-� •s;t;.v.: of remsof the I'roperty shal!tetminate wk��n Ute debt secuted by the Security In�ttument i�pa�d in fuU. ,
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