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<br /> '` _ ��`'�'�`�' ` `�pny cxcess pn�is c�vver�
<br /> �� '' paytnerits.wlush ute iefc�to m Faragaph 2.aashange the�aouat of srutt�apme�3s. ---
<br /> -"�;",� :��s ama�r�.�r .�,t^o.,p��y uIl ouutandeBg ia bsedness under�x Noie and this Sec�Ity Iasuument shall ba ps3d to the eatiry �
<br /> 4.�.C��'.[.(''4'�.�'f< , tpD;���y��LL�YtL1G�. ' �y^ • . ' _ _
<br /> �.`.i!,I J;4.'-`(�}�,. C! Eb Fee� Gendet may co!lect fees�d cltatges authosized by cuc.�CCIP.21iy1. . .__.�.�._._
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<br /> � ' 9 Ge+r�nds far 1laeleaatlon ot Oe�1. ` tccrted by the S�esar�►in the case of paymeat defaWts.
<br /> -��j r�� -�< � (a)Def�olL t.eader may.ea�oept es taaited by regulatiaas.
<br /> �,-�. :.: . :�° �quue;�mediaie payrte�tTn fu11 of a91 sums seca�ed bY dus S�aaity tastru�nt i� . � _ -
<br />;�:�..t ' . (�)Ba�ower d�fautts bry�ffuilflag to pay in full azr�raonthly payment t+equited by this Sec�mty Ir�su�t Qriur . —
<br /> �� '����'� to or on the due d�te of the next montbly p3gment,or mm at►y mher obligarions contained in tTus _
<br />- ' (u)Bosrower defautts by fasilcng,far a peatod of thisty days.to perf -_
<br /> h 5�'fIr �I�sri�ttent ' � al af the. —_
<br /> ,;.. ..` . (b)Ssie�Qlth CtseQtit Ap�81. l.�der shall,if petffiiited by apnlir.ab2e law aad�vith t�te prlas app3ov ' -
<br />�`-'.� , - - .SCCfE�s�immnrliafer��L"fI!C1tD��HuiII�SIIIISS SCCIUE(1��IS15 S��Y�If� • . ,—
<br /> ;�:.Y . ' (i)A!1 or pazs o P t t ss P t a p r a t y.a r a b e n e�C C q a 1 i r m z r e s t i n a u a s t owam g al1 or part of the Praperty.is soid or
<br />��.-.,�.;;•:":;-=' othenvise transfened(other tha»by devise air desaent)b3+the Borru�ret.aad ����� .
<br /> _ . • • (ii�The property is aot oxupied by tt�pRacha�er or g�an�e as 6is os her p:incipa! � in r� -
<br /> �,�_. - or g:ante� does so oavpy the Ptvperty bat his or I:�er cnedis has not been
<br /> w�,• �� with the t+equitements of the Secrerary. �y�,.�t m�,but Lgader
<br />� �.�`~F t�`�- (c?No Waiv� If aireuuutaaces occar that wun2d peanit I.ewder tvi ceqmse uma��arP L ader
<br /> 3_.•: � " dae�aot iequire suchpaymeats.l�eu�erdoes not waive iu rigtm wuh iespea.�t to subs�quent events.
<br /> `�'.' �:.' .' - td)�o�os af 6�IJD Secremrf• In manY c�u�s����°�issued by the Secretary►will limit l�eader�s
<br /> J m foll 2nd foieclose if nat paid '11�is
<br /> ;�. ' ' rigttts.in tke case of paym�at defauits. to�+equire �P�Y��P��Y R 8 1►l�ians of tha Ser�tary.
<br /> =-•��'`` gec�ritJr i n�s t u m e nt d o e s nai a u t h o r i z c a x e�e r a t i o n a r f a i e c l a s�e if not ,.
<br /> �' � � (e)Mortpge Nut Insused. Boirower ag�ees that shonl�tbis Seuuity insomment aa�the aots secmrsd theceby nat ,
<br />�`�''� � be eligibk far instuancc�mder the Natiar+al Haus'sngAct witi�it► • 9U OAYS �� ,
<br />,�.,,.� -�":. . �Paragraph 9.re�n�e imme8�ats Pa?'�eat m
<br /> ,�'„'_'�.-.��'•- . . daze hereof.Lender may.at its optioa�naiwithstattd"utg anything
<br /> ° ------ fiil!af a11 s�sms sec�ued 6y this Security iasu�ent A wsitte.0 stazerrteut of aay awhmized ageat af�e Seaet�y
<br />''�-:'• ; • .. . . � �'rora th�date hecea�dectiuing m iflstue t�is Se�iry
<br /> � , = dated subsequxnt co 50 DAYS Not�xithstsa�mg
<br /> � • Instiument and We note secured thecebS+.shaU be aeemed caactusiv�proof of�vch inelig�'bitity.
<br /> .;:!A . ,'�.':�'� ' [he fotegoing,this optios may not t�e exeta.ced by l.ender whca the anava�ab�7iry of insutancc is so2ely duc tQ
<br /> __,:u�..... I.�der�s failu�to iemit a aioitgage iasvrance pie�aium t�the Sec�etary. d����t in full be�anse
<br /> -� ,J:y .;• 10. Iteinslatemea� BorrQwer t�as a tigt►t w be se��t��f Lender has require Les ev�st�r,r
<br /> .. , ;;;,�: of Boirower�s failute to pay an ammmt due �mder ttes•Note or this Secu�ity Inswmem. T[�is cigM ag�
<br /> foseciosu:e pmc�eedings are uLStimted. 'tb reinstate t6e Security Insdurae.nt,Boimwer shaU tenQer in a l�p s�a�1 -
<br /> : , amam►ts iequired w bzing Boaawer�s acca�t autcnt inctading,to the extent they aie obligdtions of Bnaower ancler t1�is
<br /> �':'�. . :'.c'J.._„.'� Secarity Instrument.finectasu�casts and reasona6le aad customary attomeys'fces and axpenses pmpedy ass�ciated arith
<br /> • :''' the foieclosu�prooeeding• Upon reiastate�teat 6y Batrower,this Secatity Instrument and the obtigations that it secuns
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<br /> .,,�S��ii'• ' ' s6a1 r�main in effect as if l.ender had not requiied unmediats Payment in fu1L Howsver.Lender is not ceqa�d to t
<br /> . . ;'r,ji;;•�� ` reiastatement after the commencement of fo�esle.�-►ae pmoeedings withm�v
<br /> �. ..: r-�tatement ifi (i)l.ender has accepted
<br /> .� :x.:• `:�, yeais immediateiy frsceding the commencement of a current foreclosure proceedinS• C�a reuzstateme�t�viU pre+clude
<br /> , � foieclosare on diffeient gm�ds in the futune.or Cui)ceinstatemeat wiU adversely affect the pno�of the lien c�eated by
<br /> � • � ' ttis Sex�rity Inswment
<br /> �• '. 1L Borrower Not ReieaseG: Focbeasanoe 6y LenQer Not � Waiver. E�ctension of th�time af paymem or _
<br /> � ' m�ification of amortization of the sums sec�ned by this Secunty Instr�uneat granted by l.ender to any sucoessor m mterest —
<br /> � of Boaower shall not operate oo release the Gabiliry of the origu►al�mmwer or Bormwer's successor in mteaes� iRnder _
<br /> ,r-� ,`•. .. �. sbali not be reqai�to cammenve proceedinSs aSamst anY successor in interest ar refuse to eatead 6m�for payment or
<br /> ot}eerarise modify amortiiation of the sums secu�ed by[his Securiry Instniment by reasoa of any demand made by the
<br />- r .�. .�: -;.;� ' original Borrower ar Borrower�s successars in'uite�est. My forbearance by Lender in exercising�y right or reatedy shall
<br /> not be a waiver of or prectude the exercise of any right or remedy. ---
<br /> � , ",r'; 12. Suocessors aad Ass�s Bonnd;aoIat and Several Lia6�ily.Co,Sigaera 'ihe cavenants and a�eMs of
<br /> `s.����• -
<br /> �.. t��;�,:.: this.Secarity Instrument shall bind and benefit the successms and assip�s of Lender and Borrower.su6}ect to the pransions
<br /> ;z �� � of Paragraph 9.6. Sorrower's covenants aad ag�eements shall be lou►t and several. Any Boirower who co-signs th►s .
<br /> r � � • ,'�;�; Setarity instrument bat does not eaecute dre Note: (a)is co-si�g tbis Security Instrament only to mortga$e.g�ant and� -=
<br /> ' ' � �.,.�; canvey that Borrower�s inteiest in the Pro r�der tt��teams of thus Securiry 1ns�umeat;(b?�s not p�sonallq obligated to �-.-.
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<br /> � . . •�'',.� pay the sums seciued by this Sec�uity i t�is�.'.ent;and('c)�g�ees that Lender�d any other Bomawer may agree to eatend, �� -
<br /> �•�� '�,�,.�, . ', modify,forbear or maice any accommodations with regar�dt to the terms of this Security Insaument or the Note arlthout that - _:-i_
<br /> �* � .�,`•� BorrowerTS consen�
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<br /> - 13. No@cea Any notice w Barrowet provided for in this.Security Inswment shall be given by deliveriag it or by
<br /> 1 • . ' � � mailing it by fust class mail nnless agplicable !aw requues use of anoit►er method• 'I�e notice shall be directed to the ;�.,ry�
<br /> r� ° • property Address or any other address Basuwer designates by notice ta Lender. My notioe to Lender shall be given by .
<br /> `'' " . fust class mail to Lender's a��ess stated[�ein or any address Lendec designates by notice to Borrower. Any nodce
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<br />�:; � :;•:;��;'.:�, ' provided for in tltis Security Ir�str,�nent sha�be deemed to have 6een given to Borrower or L.ender when given as provided
<br />= � .+,;:,,�, . . � in this paragrapfi. . �����
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<br /> '' <'`� 14. Governing Law;5sve�abflit� �ls Securr.ty i'r-strumeat shall be goverr.a�by Feder�l law arid the[aw�rf the �5.,�,,:
<br />,.� � � , jutisdicdon in which the Property is tocatea �n the event that any provision or clause of this SeQUity instruasent or the . .
<br /> �, lVote conflicts withapplicable law.susb oc�ict shall not affect other provisions of this Security I��trlunent or the Idote
<br /> °"• � '' whicb can be given effect without the conf[u.�ng provision. 1b this end the provisions of this Searr��+instrwnent and the
<br /> ��' ' � 14ate sre derlared to be seveiab2e. ,�.7t,�'
<br /> .� , .:�:•. ...
<br /> I5. Borrower's Copy. Bmrower sha11 be given one confommed copy of tlus Secicitg!'izstiument. .
<br /> , • �.;;.. .. f 6. Assi�ment ot R�tS. Bomower nnoond�uonally assigns and transfers to Leer:dr�all the rents aad revenues of the ,;.�
<br /> # � property. Bomower authorizes Leczdet or Lender�s agents to collect the rzn:s and reveaues and heteby directs each tenant of
<br /> �,. � the Aroperty to pay the rents to l.ender or d.ender's agents. However.priar to Lender's notice co Bmmwer of 8omnwer's
<br /> .�' bteach of eny covenant or agreement in the Security lnsmunent,Botmwer shall collect and receive all a�ents and cevenues of
<br /> ��•� ' the property es austee far the benefit of Lender and Botrower. This assignment of rents consdmtes an absolute assi�nment .
<br /> �� - � :�cd na2 an ossigament for add'atianal secnrity only.
<br /> ��� If Lender gives notice of bieach to Bonower. (a)all nnts received by Bonower shall be held by Banower as wstee
<br /> � • far benefit of Lender oaty.[o be applied to the sums secured by the Secunay inswmen�(b)Lender shall be entiQed to
<br /> � .. � coliect and ceceive all of the nents of the Praperry;and(c)each cenant of the Property shall pay at1 rents due and unpaid to
<br /> " ; � . � Lender or l.ender's agent on i.endet's written demattd to the tenaut. ��
<br />- . . Boitasver hag not executed any prior assignment of the rents und has not and will not perform tiny act that woWd
<br />- . ' ' . Prevent Lendet from eaercising its rights under etis Pamp'aph 16.
<br /> .� •. • . Leader shaU noi be�to enter upon,take caatro!of or rnaintain the Property before or after givin��rotice of .
<br /> " � biesch to Borrawer. However.l�.�d�t or a jud�c�aUy ay�ointed receiver may do so at any time there is a bmach. Ao}+
<br /> � . appliration of rents shall not cure or waive any dePauIt or mva}idate any other right or remedy of Lender. '[1�i9 assigiment
<br /> ' . � , of renis of the Property shall terminate when the de61 scsured by the Securiry Insuument is p;�id in full.
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