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<br /> (q All cr part of Ilio Nrupchy, or � bcnoticlal IntcrGSt �n a lrust o��nLip nll or p�rt o! lho Pro�rcKy, �5 cotd or � „ --
<br /> " othcr�vl�o lran�(r,r,Cd (olhcr than by d�vl;o or tl��cont)by Iha Dorroercr, Cnd , . ��c,_
<br /> , „ pq Tho proporty 1�nat occupbd by tho purchnoor or�ramoe no h!9 cv ha priic{�al rosldcnco, or th�purchp�er or � . :-
<br /> prnntoe does so occupy the Proporty, but hIS ar hor crodit hae nnl bun approvod In accordsnce wfth tho .�� „
<br /> roqulromento 01 the Secrotnry.
<br /> . (0) b0 WAIV81'. If ciraumstences occur that woutd permk Lender ta nqulr� hxrwd►ato paymant h N�, but Lendw � / �
<br /> doo�not roqulre ouah pnymonts,Lender doos noi wnlvo Its rfphts wRh �espect to aubsequont events. �
<br /> � " (d) i�BQUlet10ti8 ot HUp Secrotary. Im m�ny okcumstcnces repuittbno isauetl by tho &ecretary wi�i 1:��12 � • � .--
<br /> • Landor's rfphts, In Iha case o} pnymont dutauke, to rsquPe fmmedlete payment fn tuA and lorecloee if not pak1.Thb � �, ,�
<br /> Socurity Inatrumont does not nuthorize nccobrndon or forooiosure H not permttled by reputatlona of the Secretary. � " ��
<br /> (e) MortgAge Not Insured. Bonowor agrees thet shoutd thls Securky Inswment and the No1e secured thereby -
<br /> not be eligtbb fon c�umnce under tho Nattonal Houstnp Aut v�lthtn 180 trom tho dnta horenf, ��
<br /> ., Lendar may, ot fts opttan and notwilhstandlnp nnythtnp In parnqrnph 9, �oqute Cnmedlnto payment h Nu ot all sums � ° ��
<br /> secured by thls Security Instrumcnt. A e+ritten statement of any euthorlied ngant ot the Secrotary dated subsequent �
<br /> to 980 from the date hereot, deClhlny to In9uro Ihis Socurity Instrument and the Noto seCUred `��
<br /> thersby, shall be deomed concluslve proot ot such Inoliplbility. Notwlthstendlnp the loregoinp, this option may not be �;n;q,L
<br /> � exerCised by Lander whon tho un¢vnilabflity of Insumnco Is sabty due to Lend�e failuru to romit B mortpage hsurenca � '�'
<br /> ° premlum to the SeCretary.
<br /> ° 10. R81118t8t8t1'18I1�. Borcower has e right to be reNStated il Lender has roquired Mmodtate paymont In lull because ot ��"t��
<br /> �� BorrowePs t8iluro to pey c�n emount due under Ihe Note or this Security InsWrnent. This ripht applios oven efler fornalosure � � �
<br /> proceadings nro inslitu[ed. T� relnstate the SoourRy Instrumcnt, 9orrotler shall tender !n fl lump sum ell amounls requtred to .. . ' . '�` '
<br /> bflng Bortowers accnunt curtent Including, to the extent they are obligatlons of Borrower under thls Socuriry (nstrument, : ;.,,:�...�
<br /> toreclosuro costs and roasonable snd customary ettomeys' ►ees and axpenses propery assoclated wph the foreclosure ,. -_
<br /> procooding. Upon reNstatoment by Borrower,this Security Instrumont and the obligntions thnt It socuros sh�ll romein In oHect as �� ,�� --
<br /> N Lender had not requlred immedlate payment in full. However,Lender is not requked to permit roinst4temont(F_ (q Lender has
<br /> eccepted rolnstatement alter tho commencoment of forectoeuro procoedings withh hvo yearc Immediatety precodinp the ' .-��,
<br /> commencemant o( a curcont fcreclosure proceeding, pt) reinstatement will preclude forecbsure on diNeront 0rounds In tho futuro, � '+,r.vti.
<br /> '� .• or pfi)rainstatemont wlll advorsey affect tha priority ot the Ibn croetod by thls Securky InaWment. �
<br /> 11. Borrower Not Released; Forbearanae By Lende� Not a Welver. Extension of the Iime ot payment or •
<br /> moditicatian of amortlmtion of the sums securod by this Sacuriry Instrument grented by Lender to any succes�or in Interost of L
<br /> h Ilabliit of the or Inal Borrowor or Bortower'e successor In hterost.Londer shatl not be , r .`'.�,
<br /> Bortower shafl not operate to reie8se t e y k�
<br /> raqukod to commence procoedhgs egntn,t any succossor In Interest or retuse to extend tlme tor payment or atherwise modffy "r�t �.-
<br /> - - - - .,_ �_ �,.� ,.. .--r.:�.;r��
<br /> � T amortiration pf th8 SUrtIS 66CUf@n by t01S �eCU�ity instrumen[ by reason ot ni�y u'i�7wiw' �udvv b� i��o ^v�...o. S07C•:.^' � . : -
<br /> Bortower's successOrs N Interost. My IorbearonCe by Lender In �xercisinq any right or remedy shall not be a wniver of or :,�,.. •
<br /> � preclude tho exorcise of eny right or remedy. '
<br /> . �
<br /> 12. Successors and As�igns Bound; Joint and Severel Liebility; Co-S(gnerg. Tno covenents and °• -
<br /> egreements of this Socurity instrument shall bind end benetit the successors and asslpns of Lender and Borrower,sub]ect to the y �
<br /> ' provl5ions of Peragreph 9.b. Borrower's covonants and agreements shall be Joht and several. Any Bortower who caslyns this i .R, ,
<br /> Secunty Instrument but does not execute the Note: (a) Is Co-slgning this Securiry InstNment only to martgage,grent sind convey i � '.�
<br /> that BoROwer's Interost In thu Proparty under tho terms of this Security Instrument;(b) Is not porsonalty obligaled ta pay the � • . '���
<br /> sums securod by this Security Instrumenh, and (c) ngrees that Lendar end any othc� Borrower may agreo to extond, modily, ' , ��
<br /> -• (orbaar or make nny accommodatlons with regard to the Ierms of this Security 1�6tNmont or tho Noto wRhou3 that BoROwors ,
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<br /> , consent. ' �,
<br /> 13. Notioe. My not�e to Bonower provided lor in thts Security InStrurnont shall be piven by delNering it or by mailing It
<br /> by flrot Class mail unless applbebb law roqulres usu of another method. 7he not�e sliall be dlrected to the Property Address or � „'j � „�,��
<br /> pny other addrpss Borrowor destgnetos by notice to Lender. Any not�e t0 Lender shall be gkon by ffrst cWss meil to Lenders ; � '�;�. _
<br /> address statad heroln or any address Lender dosiflnntes by notice to 8onower. My not�ce provtdod lor D� this Securir/ �
<br /> �..�.
<br /> Instrument shull bo daemod to hnva been gNen to Borrower or Lunder when given ns provided tn this peragreph. � . `
<br /> �'��r,'• �` 14. Governin LBW; �everabili This Securit In,trumont shnll ba govemed by Federal lew and ihe lew of the I � _
<br /> ', 9 �Y. y i /ti;t.
<br /> �, �urisd�tion In whfch the Property Is locnted. In tho eva�t lhet nny provislon or Clause of this Security Instrument or the Note ,;�
<br /> contlicts wtth epplkabb law, such confl�l shnll not uNeCt other provlslons at thls Securky Instrumont or the Nota wh�Ch can be ��%
<br /> gNen eftect without tho contl►cting provtsion.To thls end tha provlsions of thls Securky Insuumont and tho Note ere deciared to • �, ,,,�
<br /> �•
<br /> � be sovorable. ��.,
<br /> " 15. Borrower's Copy. BoROwer shnll be pNen ono conformod copy ol thls Security Instrument. � . �
<br /> 16. A�lgnment of Rents. Borcowor uncondkionally nsstgns �nd UansEars to Londor all tho rents and revenues of the � �,
<br /> � Property. Dorrower authorizes Lendor or Londers agunts to collect the ronts nnd rovonues and hareby directs each tenant of the "'"�
<br /> , Proparty to pay tho ronts to Lender or Londors ugents. Howovor, prlor to LQndnrs nOtlCe to Bortawer of Borrower'S breuch ot ,
<br /> any covenant or agroQmont in tho Socuriry Instrument, Borrower shall collect ani rec��vo ou ronts und revenuQS of tho Proporty �
<br /> . , • ns trusteE) (or tho bunefit of Londer nnd Borcower. This nss�gnment of rents consiRute9 an absoluto fl5s�gnment end not an
<br /> asslgnment tor additlonal security only. �
<br /> It Lender glvos not�o of bronch to Bortowor: (a) nll ronts receNed by Borrower shall 6o holcJ by Bortower as trustee for ' .
<br /> benetd af Landor only, to bo appl'r�d to tho sums socured by the Sscurity InstNrnenl; (b) LonGer shell be ontitled to collect and
<br /> � rucoive ali of tho rOnts ol tho Proporty; nnd (c) euch tennnt Of tho Property shull puy ull rents due and unpald to Lander or
<br /> Londor's apent on Lvnders written demand to thp tonent. -
<br /> Bortowor hnc not oxocutud nny prlor �SSignmont of tho rents nnd hes nol and wUt not poAorm any nct thAl would prevont •
<br /> Londor irom oxorclslnq fts rights under lhls Peragraph 16.
<br /> Lander shell not bo requfrod to entor upon,take control of or meintelin lhe Proporty bOtoro or a(tur gHing nalk9 0l brench to '
<br /> -_ -- .
<br /> , Borrower. Howavcr,Lender or n �udfciaiy appomtotl recotver may do 50 Ut Uny LQnB tnere �s a vreacn.hny o�picuiiv�i vi���is -
<br /> Shnll no4 curo or waMp any detault or Invalldate any other right or romody ot Lender. This usslpnmont ot rents ot the Property
<br /> S� �� shnll lorminato whon th0 dobt cocurod by thv Security Instrumont IS pnld In futl.
<br /> � 17. Foreclosure Procedure. li Lender ra�quires Immedlate payment I�� tull under Paregraph 9,
<br /> � Lender may invoko tNe powor of sr�te a�d any othe� remedies permitt�ed by oppllcable law.
<br /> � Lender shail bv entitled to collect oll expensoe incurred tn purauing the remedles provlded In
<br /> '� „ thia paragraph 17, tncluding, but not Iimited to, reaaonmble attorneys' fees und costs o4 titte
<br /> ovldence.
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