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<br />.-.._.���--'.'�-.---_-�=�_-� O:lj�ill�iilti�Wi1ICi1 iili: iti,�Clt�t�LU �il�'.�i.l�t;�;i!��G�Cil:il��ti:�:ai�iais�it af r.tici��i:.iylil_'il(7. �1ElV C::CL.�;['i+3:".;�� Y�:�:.i�'•� �tr�'�=.
<br /> ---= Aniount[ec�ui��d to pay:+11 autstancfin�;indc�tedncss undtr th^�Io:c cmd�iiis S�caritq Iiishumei�t shall tx;pnic!t�y�1�enti�y �
<br /> legally cuutleA t�erc:o.
<br /> 8. �ees.. Lender may collect fees and ctwxges autNori«:d 6y tha Sxreta�y.
<br /> - ----
<br /> 4. Grounds tnr Acctkrettan�►t A¢bt,
<br /> -- - - - (�)!�t.'�'�..'�� I�°n�-r�1t^,y.!�-�"pt^s Rmie�vl hy rr�Td�r•e�ns 1�c�seA by t�ie Srcretary in tlRP c���r,t'nRyr�unt�ie :�u t�.
<br /> rcquire tmmediate payment in f�ll of sli sums secund by this Srcurity Instrument if:
<br /> -- (i)Borrower defaults by failing to pay in fuil any mon►hly payment rcqu'►red by this Security Tmtrurnent�xicx
<br /> --__ to or on titr,due date of the naxt monthly payment,or
<br /> (ii)Borru�der defa��lts by failing,for a��sriad of thirty days,to perfa�r any other obligation9 cont�tnec!in this
<br /> _- Security Instmment.
<br /> -- 4bJ Sak Wltlwut Credl!Approval. Lcnder shall,if permittGd by ap�iica5lc law nnd with tite prioe np�proval�f the
<br /> __- _� ___-_____.___, Sc.cretc�ry.,require in�mediace payinent in fu11 of ali the sum9 sccu�d by this Security Instrumani if:
<br /> (i)A!1 or part of thc Property,or u bensfi�ia! interest in a�aust owning r�li nr p�of�he Pn�perty,in�ld or
<br /> otherwise.transfeired(othcr thun by devise c►r c9escent)by thc�orrnwer.and
<br /> (ii)T.he Property is not occupied by the purchnser or grer�tee as his ur iscr princi�l rcsidenc:e,�v the purch+�xer
<br /> or gr,snte� does so a:cupy the Propeny but his or her crcQit ha9 iw� Ixrn wj►{x�tived I�� xccoixf�nco
<br /> � with 2he rcquiramcnts of Ilie Se�rctary.
<br /> -- (c) No W�fver. If circumstances cxcur that wvuid pennit isrtder to require inunediAte p�ynxnt fn full.l►ut i.�:n�kr
<br /> — does not reqnire such puymrnfy,I.ender das n�t wal�c its dgMs with rey�►cct to�ubseyurnt rventy.
<br /> , (d) RegulAtlonA ot HUD Secretarv. Im m�ny clrcumstmices regulationv�H�ued hy�he Srcrr.tnry will limit 1.enclerH __
<br /> rights, in the cnse of pyyme�u d�efuults, to i�equire irr�mcdiutc nuyment in fuil and Fi►reclose if�wt id. This
<br /> — — Security Instrument does not authodze acceleratlon ar foreclosuro if not permittcd ls�regulotiona ot'the�cretary.
<br /> -----_ - — (e) Mortgage Not lrtsured. �oirower agrecs that should this Sr.cudry Instrument�n�thc nuro secuied Ihereby not
<br /> - be eligible for lnsurance under the Nationa� Housing Act within from the
<br /> -------_-- - date hereof,L.ender mny.at its option nnd notwithstandins anything in Pn�+��e9ulre immcdtate payment ln
<br /> — full of all sums secured by ttiis Security Instrument. A written statement of any nuthorizcd agent of the Sccretary
<br /> � - -= dated subsequent to from the date hcreof,declinine to insvrc thls Securiry
<br /> _--___-_- Insnument and the note se�u�by,shall be deemed concluslve proof of such ineligibility. Notwithstunding
<br /> �� the foregoing, thls option may not be exercised by Lender when the unavnilnbility of tnsurance is solely due to
<br /> �_-�;�� Lender�s failure to remit a mortgage insurnnce premium to the Secretnry.
<br /> - --'" °' 10. Reinstatement, Borrower has a riglu tn bc rcinstnted if L.ender has required immediute p�yment in full because
<br /> =��;i7ii���v.r� Of�C;IO�CT'o ilZjii� 2C�S:f 3ii 3tYSOiS^» �.^.� :!il�Ef l�:�.N�� `.r �,h�c Cn�Lil[� �ilS�S�rnrnt, Thic ri�N nn�lie:�t!ve.n nftCt
<br /> --------=���� foreclosure proceedings are insdtuted. '�b reinstate the Sec�uiry Instrument, Borrower shaU tender in a lump sum all
<br /> ___'=''=�'` k, amounts r�;quired to bring Bonower's account cument includin�,to the extent they are obligations of Bomower under thls
<br /> �����k'u r � ` Seciuity Instrument,foreclosure costs und reasonable ar►d customary attoineys'fees and expenses properly axsaciated witli
<br /> -�'���'���.;5�.,�,. _'��� the foreclos�ue proceed3ng. Upon reinstatement by Borro�ver,this Securi Instrument nnd the obligations that it secures
<br /> -_ !ti.:a a.._
<br /> ==;£..,• shull remain in effect as if I.er.der had not rec�uir�ed immediate payment in ull. However,I.ender is not required to�ermit
<br /> '���f��.�•t�' reinstatement if: (i) Lender h;�s necepted reinstatement after the commencement of foreclosure proceedings within two
<br /> ar�:-„ .�� years inunec]iutely preceding the commencement of u cucrent foreclosure proceeding, (ii) reinstatement will preclude _ _
<br /> �« . ...:�•
<br /> ��l� � foreclosure on different grounds in the future,or(iii)reinstntement will adversely affect the priority of the lien created by
<br /> -.S�:�Pr:,;:-:,� • .• �
<br /> . � �;�:•+���?• this Security Inswment. � �
<br /> "., ' =••-°- 11. Borrovoer Not Released; Forbearance b�+ I.ender Not n Waiver. Extension of the rimc of payment or �''
<br /> """"''' i"'=`-="";' modification of amortizarion of the sums secured by ttus Security Instrument granted by f..ender to any successor m interest ""
<br /> �,�,;�.�,5}�.J; �..
<br /> ��+.� a � af Borrower shall not o rate to rclease the liability of the original�orrower or Borrower's successor in interest. Lendcr -
<br /> ����%��''`: shall not bcrequired t�ommence proceedings against uny successor in interest or refuse to extend time for payment or o�'
<br /> ='`-'-"_ •`. " =-'°�• nthenvise modify amorti•r.ation of the sums secured by this Security Insuument by reason of any demand made by the =�--
<br /> - ,,...;,,•_.,rw,,.'.
<br /> -,--=:=_;a:T-�,�: • original Borrower or Borrower§successors in interest. Any forbearartce by Lender in exercising any right or remedy shuU �":--�'
<br /> �;F , _� , r�ot be�waiver of or preclude the exercise of any ri�ht or remedy. � �_
<br /> �•., �� ;M,,,,'., 12. 5uccessnrs and Assigns�iotmd;Joint and Severul Linm�lity; Co-Signers. The covenants and ngreemcnts of
<br /> �t.i�'_'r•,-° • this Secunly Instrument shaU bind;ind benefit the successors and assigns of Lender und Borrower,subject to the provisions '`-�
<br /> - :� of Para�ph 9.b. Bonower's covennnts and agmements shail ioe joint und several. Any Borrower who co-signs this ::`_:
<br /> '+,r.. . .. Security lnstrument but dnes not execute the Note: (a)is co-�iening this Securiry Instrument only to mortgoge,grant and
<br /> convey that Bocrower S interest in the Prvpetty under the term� of rhis Securiry Instn►menr.(b)is not persanally obligated to
<br /> r����- pay the sums secured by this Security Instrument:and(c)agn es thut Lender and any other Borrower may agree to extend,
<br /> -- - , modify,forbear or makc any accommodutions with regard to the terms of this Securiry Instrument or the Note without that
<br /> �-.�A� Borrowerk consent.
<br /> x- •,. . 13. N�ttces. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br /> �?;��'"' , mailing it by�rst class m;�il unless applicable law �quires use of another method, The notice sh�ll be directed to the
<br /> -,E;�;::•^" - I'roperty Address or any othcr address Bortower designates by notice to Lendcr. Any notice to Lender shall be given by
<br /> - '� . first class mail to Lender s uddmss stated herein or any address Lender designates by notice to Borrower. Any notice
<br /> '`'� ' �� Provided for in this Security Instrument shaU be deemed to have becn given to Borrowcr or Lcndcr when given as provided
<br /> _- � . in this pfuagraph.
<br /> � !4. Soverning Law;Severability. This Security Instrument shall be govemcd by Federsl law ;u�d the law of thc
<br /> -•' ',�� jurisdiction in which the Property is located. In the event that uny provision or clause of this 5ecurity Instrument or the
<br /> Note conflicts with applicable(aw, such conflict shnll not affect other pmvisions of this Security Instrument or the Note
<br /> which cun be given effect without the contlicting provision. To this end the provisions of this Securiry Instrument and thc
<br /> � Note are declared to be severable.
<br /> :�.-� �', 15. Burrower's Copy. Borrower sh111 be given one conformed wpy of this Sccuriry lnstrument.
<br /> � . 16. Assfgnment ot Rents. Bocrower unconditionally assigns nnd transfers co Lender ull the rents and revenues of the
<br /> �`'� ° ' Prapexty. Bortower authorizes Lender or Lender's agents to collect the rents und revenues and hereby directs each tenant of
<br /> � the Property to pay thc rents to C,cnder or Lender'.s a�ents. However,prior to Lenderl notice to Borro�vcr of Borrower�s
<br /> -�,� ' breach of uny covenant or agrcement in the Securiry instrument,Borrower shall collect and receive all rents and revenues of '
<br /> , •.
<br /> --- -----...__---- •�-n'---�'--'-'�-�--.�._��_a:...0 r _..a�.....1 n,.........�.. 'i`I.:....�e:......,e..�..0.n..�o n.....•�:�..�n...,n..1.c..L�r.a occ.nn.naer �
<br /> - -- ----------- attc r wpwa�w u uawc�v� un,u..ua.w w ar..nu�. u,.............o.. ...w.. ........... ...........................».»................ _ .._... .-
<br />_:� � � �-- .....p.. °-o "
<br /> ; � ' �nd not an assignmcnt for additional sccuriry only.
<br /> If Lcnder givcs noticc of brcach ro aomo�vcr: (a)all rents neccived by Borrower shall bc held by Borrower as trustcc
<br /> -' for benefit of Lender only,to be applied to the sums secured by the Security Instrument• (b) Lender shal!be entitled to
<br /> = collect mid receive all of the rents of the Property;and(c)each tenant of the Property shall p:ry all rents due snd unpaid to
<br /> - Lender or Lendcrk agent on Lendcr's written demnnd to the ten�nt. •�
<br /> - Boirower has not executed any priur assignment of the mnts :uid has not:uid will not perform any act that�vould
<br />;: prevent Lender from excrcisin�its rights undcr this Paragrapl� 16.
<br /> �� . Lcnder shall not bc reqwred ro cnter upon,t;ilce control of or maintain the Properey befom or after giving noticc of
<br /> _ ' brcach to Bortower. Howcver, Lender or a judicially uppointed recciver may do so at any timc dicrc is a brcach. Any
<br /> • application of rents shall not cure or�vaive any default or invalidate any other right ur remcdy of Lender. 'i'I�is assignment � �
<br /> ��' � .• , of rents of the Property shall tertninate when th�debt secured by the Securiry Instrument is pa�d in fulL i
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