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<br /> � � payntc�ri�, witich nn ��efcercd tu iu I�.�rftpraph�,or cha�gc the nmount af such payments��excess proceeds over nn •
<br /> m►mcm�rr�uit�d io��uy nll attttilnn�fina Indr.btednetis under the Nute and this Securlty�swment ehutl be putd to the entlry .:3��,
<br /> ICKNIIy ciit�tlud litcrct+�.
<br /> ' R, Fet�. I,r.nAcr mny cullect feex and rhargs»autNorixed by thv Secceu►ry.
<br /> 9. Iin�undH f��r Acceleratlun ol IJebt.
<br /> (�l 1�rhqp� l,enckr mey,excepl uv Ilmlted by regulatlona iesued by the SecreWry in the cnse of payment defuults.
<br /> ��pNto i�nntcrlinto pnymcnt in full af uli sums secured by thi»3ecudty InAtrument lf:
<br /> tll iiatmwcr dcf�ulty t►y Puili��g tu pny In ful!uny��onthly payment requlred by this Secur�ty In�trument prior • �F
<br /> to ur u��tho ciuo dxto uf th�next monthly payment.or
<br /> Ilii Narcnwer ckfui�itx by fuiling,far u perlod of thirty days,to perform any ather obligutiona contained in this
<br /> �►ecurUy IuAtruntcnt. ' "`��
<br /> (N)N�le Wlthau4�r�Alt App�•ov�►1. Lender Khall.if pemiitted by applicubta law and wIth the prtor appruvnl of the ,-•:��
<br /> 9eccctnry,rc��uire Immcdinto payment in tLll af all the suma secured by this Securlty Insuument if: !� '�'
<br /> ��►/�I►ur pan uf ch►:Pr�pony,�r a beneflcial intereat in u uugt owMng all ar pnrt of the Property.is sold or ,�� .'
<br /> u►hei wl4a transferrcd(�sther th:�n by devis�ar ctescent)by the Bortower.nnd
<br /> UII'11�e�'rnperly!s m�t uccupied by tho purchacer or grnntee us hfs or her prineipal restdence.or the purchaser
<br /> �ir krnnteo d�xs Ku excupy the Property but his or her credit has not been approved in uxordance --'��
<br /> �vHh thc rcµuircmcnt++af tha Sccrctary.
<br /> Iel!Vo Wilver. li'cir�untgtuttces ocrur thut would permit L.ender to requtre immediate payment In full.but l.ender
<br /> di�cti not tcyteiro r+uch pi�ymcnt4,l.ender doeR not waive iu+right�s with respect ro subsvquent evenus.
<br /> IA1�tqtat�tl��n��rt NUU Necrete�y. Im m�ny circumstancea rcgutations issued by the Secretary wlll limit l.ender� �,
<br /> rlghtx, In�hs�rn+o iif paymsnt defaults,to r�equirt� immediate payment In full and fareclose if not paid. This
<br /> tircud�y In�tamicnt dcics not authciri�.c acceteratfan or foreclostem if not permiaed by regulattons of tha Secretary.
<br /> lel A1u�t�go Nut Inxured. Hattnwer agrees that should this Security Instrument and the note s�ured thereby not
<br /> f+� ellgihla ti�r insut�u�tce undcr �hc Nationul Housing Act within S months from tt�e
<br /> dutc hcr�ot, l.etidcr moy,nt itw npiion and narivithtitnndMg anythin�in Paragraph 9.require immediate payment in
<br /> 1.�„ full ai ail aumr securcd My thix Secutity Inxtrument. A wrltten stutement of uny authodud agent of the Secretary
<br /> duted xuh5cyucnt to 8 ���g frum the dute hereof,declining to insum this Securiry
<br /> In�truinem u�id the natc necured thereby,xhull be deemed caneluaive pmcnf of sueh ineligibiltty. Notwithstandins
<br /> li�a t��rcKaln�t,�hi.r option moy ani hc excrcised by l.ender when the unavailabillty of insurance is salely due to "
<br /> .�'�" I.cndcrk fnilure tu remit n mu�ga�c Inyumncc pmmium to thc Sccrecury. °
<br /> ' Ill. ltcla�+twlerttent. Norn►wer hi�.r u right tu be rcinstnted if Lender huc requimd imm�iate payment in full because
<br /> • ':k^•'�a,� oi' Hnrcuwcry I�nilurc lo pny im nmuunt duc unJcr thc•Notc or�his Sccurity Instn�ment. This nght applles even after
<br /> '� '?".i`'>"" G�tecln.rurc prsKCrd�a�w ure in.rUtutc�l. 'iii rcinstate the Security Insuument, Horrower shall tender in u lump sum all
<br /> nmow�ly rcNnircil tu hdng itom►wcrfi accounc curcem inriuJin�,t�ti�e�teni t8ey a.c abt'sgations af Bonow�r s�dpr thi�
<br /> �•`�� �i4�'��'f�''`'; Sectuity Intituuncnt, fumdusum a�stx und rca5unnble and cuswmary uttomeyx'fees und expenses properly associuted wIth
<br /> y�}'�� " �hc li�mrin�urc{m�redln U�x�n rcinatntenmat by Borrawer.thi4 Sccurity Instniment and the obligauons that ic secures
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<br /> ;� �x�•� • ;�„ 6hiil1 remnin M effcc�nv ii'I.�ndcr had not rcquircd immcdiute puyment in full. However,L.ender i�not reyuired to Permit
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<br /> ',,�r,�7'�l,i•••qq'a�;;; rcinstntement fG• 111 IA�iQer hi�s uccepted n�inatutement ufter the cammencement of foreclosure proceedings withm two
<br /> �:'°"•�=��� �••� � yriuN i�mnc�dlntelq prrccifing the c�immencement of u curcent foreclosure praceeCin�, (ii) reinsuitement will preclude
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<br /> _ ����;���;�"n:��.�;y, fnrecl�isure un different gmundy in the futum. or(iii)rcinstntement wfll adver.v:ly uffect th�prioriry of the lien crosued by
<br /> � �hix Sccurit�+Inv�ruincnt.
<br /> ~� •-'� I1. liorrower No! Relcs�scdi M�►rbearance by Lender IVot a Waiver. Extension of the t�me of payment or
<br /> ��� � ' m�xiiticntinn�►f�n�i��rtlratiun af'ihe�ums tiecur�d by tht.R Sl'CUft�y Instrument�ted by Lcnder to uny successor�n mterest
<br /> nf s�rn�wcr�+hnll n�d opcaite to relcuye thc liubllity of the originul Borrower or Borrower F successor in intcrest. Lender •
<br /> Fhall nnt Ix:re ufrcd to coimttaicc pn�ceedinps a�ainst uny successor in interest or refuse to excend time for payment or
<br /> uthenvinc mud�ty�m�uniiuriun of thc sums r:ecured hy thlw Security Instrument by reason of any demand made by the
<br /> ��riginni l���rmwer or H�►rn�wcr's nuccex��yrw in intemst. Any farbearunce by l.ender in exercisln�any right or remedy shal l
<br /> nat He u wniver�if or prcclude the exenf�c of uny tight or remcdy.
<br /> 72. Successura pnd AyslRnq{loundt Jafnt und 5everut I.labilityi CaSigners. The covennnts nnd agr�eements of
<br /> this Sccurity Instrununt shall hind imd hcncfit 1hc tiurcctisarv und►�.,signs of Lcndcr and Borrower.subject to the provisions
<br /> �""' af Pamgruph y.b. Horro�ver!,cove��untv nnd ngrermcntw shutl be joint and severnl. Any Borrower who cas�gns this
<br /> •�•., : Security In�;troment hut d�x�nat execute �he Nute: li+)iti ca-tiigning thin 5ecurity Insuument only to mortgage,grant and
<br /> ,,�";;:: '�?�= cunvcy thnt Ilurrowerk intcrctit in the F'roperty undcr Ihc tem�w��f thls Sc�;urity Inxtn►ment;(b)is not personnlly obligated to
<br /> pay the Rum.r�.c�:ured by this tiecuriiy In+�run+c:nt;�ued I��i u�rce�thut Lendcr und un�other 8orrower mny ug�ee co extend.
<br /> �:��'�'�n�� mcxiify,fnri�eur ar nmkr a�y uc.nnmu�lnti�mti with rrgnrd to the trrmti uf thia Secunty lnsvument or the Note without thae
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<br /> .:��:_. Bormwcri�conticnt.
<br />- 13. Nattce� Any notlre Io Nurr�►wer�uavidrd fi�r in thiw Srcurity In�trument tihull bc givcn by detivering it or by •
<br /> '�� . .� muilfng it hy first ciatis ronil �mle�� appIicnMlc Imv nyuire+ utie of unather method. The nottce shult be directed to the
<br /> •',��''-;;�'• Pmperty Addns.r or nny utlur�tddreer li�irn�wcr�tc,i�nntev by nutice tu l.cnder. Any notice to Lender shnll be given by
<br /> �� ' fir�t rlu�s ttutil In I.enderk uddreyv ,�uir.d hrnm ur any IIlIlI11Sti Lendcr dc+i�nutes by nntice to Borrower. My notice
<br /> ,.r.,wM �.;... ; :',
<br /> : :?�►� �•,� provfdrd ti�r in thlg lccurfly Imlrumeul tihuii lu dcriucd tu buvc t►cen�ivcn to Hono�vcr or Lender when given as provided
<br /> :»,.;'•...,�..-.:.�.� ;-, [n thle paru�ruph.
<br /> •,. .-:-".. ..=--: /4. t.ov�crninp I.uws tie�erwbQNy. 'It��ti tic�urity In+tnunr��t�hnll hc govemed by Fedcral luw�u►d the law of the
<br /> ;�;;::,`�' jurixdicNun in whlch ihe {7u kny ly I�MUtrd. In ihe event th;►t uny priwi�iun ur cluu+r��t this Security Instrument ar the
<br /> • . . Nate cunfii�tM wlth u�plicnh�i� I�nv,r�tth �uniile�r�htdl�wl tdtcct ulhet pruviriunti of this Security Instrument or the Note �
<br /> .�'�4 ' ' which cun Ix giveu e�fe�1 witttu�u dte►o»IUctlnp pn�viriuu. "li�thi+enJ the pmvi�i�ms of thi�Security lnstrument and the
<br /> ';�,�r{; . . Nutc i►tv dccl�ut d tu Ix r.cccr.d�ir.
<br /> . . , 19. Borru�rer'Rl'Q�p� (ioru�t�er,ludl l��l;Ivr+�onc.��nli�rmedcupy ofthi,Security Inxtrument. �,
<br /> � .'`'°" "*` t6. A�.dgnmeM oYRenl�, Itmru���•r uncui�ditiunully ns�ignv and uiinxfen t��l.ender ull ti�c rents and revenues uf the
<br /> •��'���'"',��: • prupc»y. fH�nn�ucr nuthn�lic,l rndrr ur I.cn�lcrb uE;cntv to c��llcct thr ccntz und n:vcnucs und hcreby dimcts cuch tenant of
<br /> .�.... ............
<br /> _ , " tho proyc�rty to piy �he �riuv t�►I.cmirr��r I,t•udct� u�rmr. However.pri�r to l.endcr v noticc to gorrower of Borrower's
<br /> flnach of uny c�wenn111 ur u�4t�'�'nmut in litr��•r�ni�y In�lrument,liun»wer shnU euilect und rrreive ult rcnts�►nd revenues of
<br /> � � - ihc{'to��city av��u+tru t��r�hu Ixnrl�t��1'I.cndrr nnti iium�wcr. 'ft�iti�►,ri�tnnunt��f rcntv constitutex nn absolute s,signment
<br />. ; . utul nut wi c�l►�auncnt b�r�i�dltUu�nl uwruy unly.
<br /> . . .. IF I.CIIIII'►�jlYt••�IUt11►�`51�III►'AL�1(0�Iqf�Ktil:G �ll)iIII fCfl1�fl'tY'IVCA fly HQITn�YC�SIIUII OC RCIQ OY DOtitw�'�i u.�iiu5icc
<br /> ° fi►r I►rnrfil a�f�I:clnli�r u�dy,tu IM�a�+�►Ilcd tu�itu n�onv�crun d My the ticrunty lnstrum:•nt: (bl l.endrr shall be entitled to
<br /> ' __ ccdlect and r¢ccivc cdl ul lita�e•nt��ut Ih�� Ihnpcity;cutd Ir1 cucl�tcmmt ul'tkr 1'ru�x:ny+hnll puy tdl rcnts duc and unpaid to
<br /> '. . - _.. Lendc��nr I.cndcrb u�tcm u»I.c�al�•t��anUcu�b�nw�d 1n Ihc tcmmt. `
<br /> . . HII1t1�N1'T (189 OUI i•�r��qcd uny pti��t u�,.rl!;nnunl o!'Ihc rciur und hu�nut :md will nut perfntm ony nct thut would
<br /> ' _ �rorenll.rnd�r 1'rum cMC�clalnp i�,u�thty andcr thi,l?uugrry�f� 1(+. , � .
<br /> "a � ' I.cnd�t nhull nui lk i���ult�•�1 t�+cnt�•r u�►�m,�u{�e cunhul ut us inninti�in Ihc 1'n�p�ny Ixtim or aftcr giving nnticc of
<br /> bmach t�►Num�«er. 11���►ev��r. (ru�Grr�a n �ud►elulty up u�toted iereiver m+iy do,u ut i�ny time therc i+o bmueh. AnY „
<br /> ' i�ppliruUra�uf�r:m�� nhnll n�q�mu��r�rnl�u uny dcia��U ur�nv►dfdatc n��y�►Ihcr ri�;ht or mmrd�ut'l.cndcr. 'i'hiti ussignmcnt
<br /> � of rentv uf thu IRu�►cuy,h;d)lr»nw;ur atten thu dchf�ccurrd hy ihc�ccuruy imtrumcni i�pm�i in i'uli. �
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