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<br /> ���` '4.x ` a 4 ` . FaYi�ents.6vhicb ar�refetred ta in 2,os c�su�tlte�ount of suah�aymentq:�n}r exr,ess p.�s aver� .---, ----
<br /> �� " `' emoy�t requued to pay al!onrs�anding i�tadne5s urcder t�e NQLe aad this Seamt►d Tj►suum�rt shall�paui tb t&�e�hty , •
<br /> .��;..,. � '�. .�` � , [egalty etMitledthe�. ' , � . '
<br /> � �r 3' � .
<br /> _'�r,��''•:��_� 4�. 8. FeFS. i.end�r may collect fees aad cPaarges auth�by the Secretary. � , •
<br /> --"`-.�-._�'.; �:�` .;`�_`. 4. Gr�uadsferAcerlQr�sdoa ot�ehL . . •
<br /> ` `� � " (s)�sut� Lend�may.e�ecept as timite�by re�nIsnans issued by the Secretd�y in tae sa..cx og payc�ens d�alts, --
<br /> r�, : . . tequ�t immediaiepaytitent in fitll of aU suIIas s�etcsed isy ttus Se�Yiry 1nsl�uteteai if: '' in �+�er�t .
<br /> te
<br /> . (i?Borrower dsfsults tsy fa'aling to p3y in fult any manthly payment cequtred by t�Lg Secusity � �ios . -
<br /> ' to ar Gn the due date of the aext monthly p�ym�nt.m � �'o�h�x obii�:�ians,ca�leIaEd in thb� � ' '
<br /> � . -`� - ` in7 Ba:ra�e�er dztfa�sfts 6y faiting,far a g�t�af�d3�s,to gQtf�mn Y .
<br /> ' .�CCU�fl�x�IflS�411C1?dli. `
<br /> �;' tb)Sals WFtAQet3 C�edtt Approvnl. Lender almit,if Qcmtitteti by appltratte Iaw and�vitfl th�griar aggrova!of tPte �
<br />::,.7 V, ` , S �t�y.t�equ'uc imsptsdIate paymeut fn flill of nl!the sums becured by ilii9�ecu�ity LssnnTment df: � —
<br />- ,, . � (� i)All vr pas4 of th's P�o�rty►or a beaefui�l�nterest in a dn�t a�wcsin�nll ar part of the Ptnperty,is sQId ar .. . ,
<br />- �. ', ,Y�;.�n�' � ` 'otherwissi unnsfcnred Cother than by devtse as descent)by tIie�drmwer.and .
<br /> .' ... � • �.. . . tij)'IT►e Ptoyerty t4 noi accupicA by the pureh�sei ot�ntee as his or hex prIacipal t�sidcttce.ar[�e¢urcha�er
<br /> . `:`• :`F .• or gauuee dnrs so occugy the Pto�erty but his�or her.credit has:not bzen npproveai i� ass�rdance
<br />'-�=;�fi�`:' .,4� . •� �.. ' with the requiiements oS the 3eccetary. °
<br /> , ,,� � . - - (c)PIo Waiver. If cirCUmstaas,�s occur that wovld pemut Leader to reqttite immediaze payment in fu11�bttc Lazdcr.
<br />�``�'c,:,� daeg emt cet�uise suc61 p��}nnents.Lendes does noi waive it4 rights witb respect to sn6sequent evenss. �
<br /> 1'� , ` �� (d)RegalatEons of HW Seceei�y. In many tinvunst�ces regulaaans issued by the St�retary wiU�imit l.eader�s
<br /> � j.i �:•Z'� •
<br /> . . +, riShts.iYS the case of��ymeat defauIts.w�uire immed�ate pa snt in fuU und forectose if aoip d, 3'�is
<br /> • Security I�wment does�ot auihorize scceteraunn or foreclosute�i permitted by cssguta�uns of ttte S�'-���etsrY.
<br /> - ` .: . (e)Ni�rtgage Nat Iflsarecl. Bomnwer agc�es tbat should ti�is Sec�ity bost�ument aud t6a ao��eciu�d thGre6y aat .' .
<br /> ., -: �._. . • ':� �� ,
<br /> �'%` . � .. ` be efigible for ia5u�ance uader the Natianal Housing Act within gm�1� ..
<br />-���-, - �- ' ` date hereof.l.eader may.at im optian and r}otwitBstaftding anything in Paragrapb�9:�r�quira+��.'..�PaY�enl in
<br /> �; � - • `. - - fulf of rill sums secured by ttils Seauiry Insuumeni. A written stetemrne of any aarhorized agzut of tfie Seccetary •
<br /> . � � ' . daoed subsequent to , A manths from the date heieof,declining w insPre this SecurIty •
<br /> f...' ;..
<br /> ' � Instt�ment and the nose secured theieby,s�aU be deemed conclusive proof of suc6 ineligi'b�ity. Natwi�"tandis►g
<br />- . .. � _ :I '� the fonegoing.this oprion may not be exercised by Lender when the unava7ab�liry of iasurance is sol�Sy stas to •
<br /> -r�'' '. ':'•` '. Lender�s faiture to reatii a mortgage iasar�ce psentimn to ltte SecreUuy. . .
<br /> _ .. � 10 ReiastatemeaL Barrower 6as a rigLt tv•be reinstated if Lender has raqutred immediate payment in Cnbl b�.,cans� .
<br /> .. , . af Barrower's failure to pay an amount due�nder die•Note or this Seciairy Iacmunent 1Y�is�fght apy�lies ev�after . :
<br /> • ' � . . forectosure proceedings are instituted. Ti�reinstate We Seeurity Instnunent, Barrower shall tetider in a lamp sam all
<br /> • amounts reguued to bring Borrower�s accovnt c�rrent inclading,to the extent thay are o6ligations of Borrower uader this
<br /> ` �• .. Sec�Qity Insdument,farecIas�ae costs and�asanahle ansl cusmmary attomeys'fees and expen.ses propetIy associated witD -
<br /> . the foieclosare proceeding. Upon n�n��P*+t tsy Botrower.this Seauiry Instrument and tbe o6ligations that it seeures
<br /> • � � �'� ` shall remain ia effect as if Lender had not rec�vired immediate payment in full. However.Leriderxs nos req�ued ta peimit
<br /> �. ` . zeinstatement i�: (i)L�nder has accepted reinstatement after the wmmencement of foreclosti�+e gw+oceedings vnthin two
<br /> , • ' ' yeazs immediateiy precedin$ the commencement of a current foreclosure proceeding, (u) re+^�'�*p^'eat will pneclude
<br />_. faiecIasure on different grouuds in the futute,or(iii)ceinstatement wiU adversely affect the priority of the lieo eneated by
<br /> .. . , - this Securiry Insttumen�
<br /> ll. Borrower Not Reteased; Forb�sraace by Lender PIot a iVaiver. Extension of the time of payraent o�
<br /> ; ,,.. �-. • modification of amorti�ation of ths sums sazced by�his Seeuriry Insuunceac graaced by Lender w aar successor�n interesc -
<br />'„� ` � � . � . of Borrower shall not operate to retease tG�tiabitity of the original Borrower ar Hcr4'wer's sua�1ir in interest. Ixnder
<br /> . , . . shall not be requiied to commence proceedings aga�nst any successor in interest as�use to e�r:�d time for payment 4r -
<br /> � .r�_��a, � othemise modify amortizatan of the sums secured by ttus Security Instrument b�r reason of any demand made by the __
<br /> ` :•.;:e�r;,:., .� .: _
<br /> _ •.;;,� � � original Boirower or BorroA�r's snccessms in interest. Any fofiearance by Lender in exercisurg any�ght oT remedy shall _-_
<br />;E ' . �''?':` • ' '�� -. not be a waiver of or preclud�tbe exencise of any right or mmedy. �..
<br /> _ � ,' �. '.�;''t iZ. 5aecessors end A�igos Boruc�:d4int and Several Liabilily;CaStgners. The coti�av_nts andagreements of ____
<br /> ',' � � this Security Instrument shaU bind and be�r4"it the successars and assigns of Lender and Horrower...�-'ubject to the provisions .
<br /> ' =4
<br /> �'•- � � ••;5,��`�����' • of Paragraph 9.b. Botm��:s wvenants�d agreements shall be jomt and several. My Borrower who co-signs this . --
<br /> `•°.' ;::' ;��.,..! . Security Instrument b..,,ci�not eaecute tt��E�'ote: (at is co-signing this Securiry Insuument only to moagage,gtant and �•_
<br /> ,�. .�•.f�::`P:�: . . � r _..
<br />.:; .'_:. . _ .
<br />:, i;.,: canvey that Ba-rower�irn�st in the Proper.y under[a:r�^rms of this Security Instrument:(6)is not petsoeally obligated to A.a_
<br />_:,:�; �•!, � . • . �� pay the sums s�,-rred by this Security InsnG.^nent;and(c)agrees that Lender and any other Borrawer may agee to eatend. ��-;;�;.
<br /> ;, mod�fy.forbe��or make any acwmmod�i-.,ns with regard to the tertns of this Security Instn�me�4r the Note w�thout that ,•�
<br />__':�. i; Borrvwer's consent. � �
<br /> 13. Nottces. My notice to Harro.�zr provided for in this Security Instrument shall be�v�by delivering it or by `
<br /> ,=_� � • � '_ mailing it by first ctass mail unless applicable law requ'ues use of another method. The notice shall be directed to the •N;;.i-.
<br /> 8° . � .. Property Address or any other address 8orrower designates by notice t�Lcnder. Any notice to Lender shall be given by `�;.;����.
<br /> _� '� � ��;;: fi�st class mnil to Lender's addres.4 sta::�3 herein or any addnss t.ender designates by notice to Botrower. My notice ,:{;,::,. .
<br /> �n� f'� ' • ?>, provided far in this Security Instrumer.:s[`.�11 be deemed to have been given to Borrower or Lend�s when given as provided .
<br /> . . in this Qaragraph. . •
<br /> -" 14. Governing�.as�;Seve�6�• 7'his Security instrument sha11 be govemed 6y F+e�erT�law and the law of the � ,,;
<br /> . jurisdiction in which the 1?xopetty is isc::ed. In the event that any provision or clause of t�h:s Secwity Instrument ot the :i�'.};!c
<br /> ,� .� ' ;`;:`._ � .
<br /> Note confltcts with applicubte 1aw.such conflict sh�ll not affect other provisions of ihis Sec�:riry Instrumem or the Note "�";":�
<br />:y� . � � which can be Lrlven effect without the cantlictin�provision. 'Ib this end the provisions of this S�.:�rity lnstrument and the ��"`5�
<br /> . . Note are dealtuad to be severable.
<br /> ' 15. Borruwe�'s Copy. Boaower sha116e given one confomted copy of this Security lnsmutaent
<br />'� •r ' " 16. A�sIgnment o!Rents. Borruwer uncondiUOn�lly assigns and transfers to l.ender ali the rents and revenues of the
<br /> t: . � 1'toperty. Borrower autharizes Lender or Lender�s agents to collect the rents and revenues and hereby directs each tenant of
<br /> � i . � � � the Properry to pay the rents ta Lender or Lender's agents. However.prior to Lender's notice to Batrower of Borrovrer�s
<br /> • � . 6teach of any covenant or agreemen�in the Security Insirument,Bo�rower shall colIect stnd teceive all rents and revenues of
<br />- . the Praperty as trustee far the 6enefit af Lcnder and Borrower. Thls assignment of rents constitutes an absolutc assignment
<br /> �� ,�� • and not an assignment for addidona!securiry only. �
<br /> _� .b�'. � . If Lender gives nodce of breach co Borrower. (a)all rents received by Borro�ver shall be held by Borrower as trustee .
<br /> � for benefit of Lender only:to be applied to the sums secused by the Securlry instnunen� (b)I.ender shall be entifled to
<br /> � .� � • coUect urtd receive all of the rents of the Property;aad(c)each tenant of the Roperty shail pay all rents due and unpaid to
<br /> ,_•} •• : ,_• Lender or Lender's ageat an Lendetk written demand to the ten�rtt.
<br /> f. . .• � Borrower has not executed any prtar asslgnment of the rents and has not and will not perform any act that would
<br /> prevent l.er.,�es from exerclsinp its rights under this Parngtaph 16.
<br /> -`� �'. '_ . ;�. . Lende�shait not be reqwned to enter upon.take control of or c::intain the Pmperry b�fore or after giving notice of
<br /> 6reach to Bonawer. However,Lender or a judicially apPointed receiver may do so ut any Hme there is a breach. Any
<br /> � t�pplicaiion of rents shall cnt cure or waive any default ar mvelidate any oiher ngt:a or mmedy of Lender. Ttns a5signment
<br /> .. �� , of renu of the Pbperty shall terminute when the debt secured by the 5ecurity Instrument is psud�n full.
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