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<br /> (I) l'n or Rcrl 01 iho Propery, or o bcncic!�I intcrc�t In n tnist oti•rnlnp c!I or p�v4 a� tho Propc�ry, is uo!d or , '?_=�
<br /> oRhcn�tao trnncicrrccl (othc�thnn by drvl�o or dcnccmt�by tho 0orrowa,nr,d •
<br /> . �� (Ii)Tho Preperiy Is not accupled by iho puraha�er or prantee aa hls or her pdnclpel resldcnco,or tho purchasEr or " , , � �'""
<br /> �' prantea dea� ao occupy tha Property, but his or her cred�t hea not been approved In flccordanGe v�Ith the (�j „ ^ ,>,tK_*'
<br /> requ�rementa o1 the Sucratery. .{�e • -;+�.";��•
<br /> � (C) NO b'il�(�'�►. 11 dreuma4ancos occur that would penntl Lcv�dnr to requiro Irr,mediate poynent le tull, but Lendr.r 1�/ �-
<br /> doea�ol requke euch paymnt►te, Lender doea not walve Ete righta with roapect to eubsequent evente. 'w . --;�'7:;�-.-�
<br /> � (d� Re�e►les�Q��� OI H���l SC6f9Ah!Rf. In m9ny c!rcumstences re�utaUone loaued by tha 3acrotery w19 Ilmit ('!) .. _
<br /> Lender'o d�Me, In the case of peyment defaufta, to requiro tmmediete payment In full end faraeiase if nat pald.Thia � ,ti Y..i.,�F'""---
<br /> 9ecudty Instmment daea not authorixe acceleratlon or foreclosure Fi not psrmftted by reQulatlond o}!he Secretary. �•,:;mM1:
<br /> (9) MOftgw�• P�I(�t Insured. 8ortower aproes that ehould thte 3ecudty Inatrum2nt und the Note secutetf thereby �" „ i.� ;. ,tr�
<br /> not be ellgibte tor insuranco under the Nadonel Housln�Act wilhln 90 d�vs irom the dete hereal, � . • •� '',--_-
<br /> • Lee�det may,nt ite opUon and notwithstanding anylhinp N paregreph 8, requiro Immediate payment In Nil o}all sums • �
<br /> ' secured 6y ihls Socurfty Instrument. A written etatement of any authorizeci epent ot the Secrotary clated eubsequent .. . -
<br /> to 9� vva irom tha date hereaf, de�tning to (nsure this Sacudly Instrument and the Note secured � _�
<br /> ' thereby,shefl be deemod concluslve praof oi such ineligib(i!ty. Notwithstandfng the foregoir�g, ttds option may not be ����,;;`_
<br /> exetdsed by Lender when tho unavallability oi Insurnnco Is solely duo to Lender's fallure to remit e mortgaga inaurance � . � `
<br /> " premium to tha Secretary. • • . Y��
<br /> 10. F�ielnst�tement. Bo►rower has e rlflht to bo relnatnted li Lender has required immediato pa�rment In hitl becausA of n,.��•-
<br /> . Bortoww's teilure to pay an itmount due under the Note or thiu Securtry Instrument. This dght eppiies even after forecbsure ,�;';�lyd'���
<br /> . � praceedinps ere In3tiluted, To re!nstate tho Secudty Instrument, Bortower shall tender in e lump eum ell emounts rcqukRd to ,..i,y,:�,',;�-:-_ x':
<br /> bring Borrowere account cuRent Including, to the exten4 they are obllgatlon8 a} Barrower under thls Securtty Inotrument, '�;�_
<br /> foreclosurd cosls end reasonable and customary attomepa' Tees and expenses props�ty essaclnted wfth the lorecloaure I '� .,�Y+�,;,,
<br /> procoedng.Upon rehistetement by Bo►rower,this Secudty Instmmen4 nnd the obllgatlona thet k secures shall reinatn Ir�eitect as � ' � __
<br /> It Lender had not requtred immediate payment in full. However,Lender Is not requlred to pertnit rNnstetement If: (i) Lender hns � -
<br /> accepted reinstetement eRer the commencement of toreclosuro proceedings within two yeare ImmecBetety preced(ng the •�•;'?•�'••�
<br /> cammencernont of a wrtent toractosure proceEding, (iq reinsteternent win predude forer,losure on difterent grounds (n tho 1ut�ire, =_
<br /> � or pf� relnstatement will adveraety ettect the p�iority ot the lien aeated by this 3ecurity Instrument. '.ti��"__
<br /> � ,_..
<br /> � i i. Borrower �Tlat Releasad; Forboarance By Lender Nat a Waiver.Extenslon ol the tlme of pay�rent or ..:. ��-.-
<br /> modiflcatlon of emoNzaUon of the sums securod by thls Secudty Instrument granted by Lender to any successor in Intetest of r
<br /> Bortowcr shaU not operato to retease tha Ilabii}ty of the odginal Borrower or Borrower's succossor In Interest.Lender shaH not bn � , r r�"_.-
<br /> requlred to commence proceedtngs agalnst any euccossor In Interest or retuse to extend tlme for payrnent or othexwisa modify
<br /> ., � �•
<br /> pmnnr.At�nn nt thn suma secured by this Secudty tnstr�ment by renson ot any demand mado by the odglnd Borrotiver or j„c.�
<br /> Bortower's BUCCB890f8 In interos�t. My torbearance by Lender tn exercising any dght or remedy shap not be a welver of or 4� �',�i
<br /> preclude tha exe�clse of eny right or remedy. a � �
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<br /> �� 12. Saccassore and Asslgna Bound; Jolnt and Several Uabilffiy; CaSignera. 'me covenants and :e
<br /> agreements of ihls Security Instrument shall bind and beneflt the successors and esslgna ot Lender and Borrower,subJect to the , F�,' i
<br /> provlslon� ot Paragraph 8.b. Bortower's covenants and egreements shall be Jolnt and several. Any Bortowzr who co-slgna this .
<br /> Security Instrument but does not execute the Note: (a) is caslgnNg thls Sacurity Instrument only to modgage,grent and convey ' ,'�,�
<br /> that Bomower'e Interest In the Property urtder the terms of thls 3ecuriiy InsWment; (b) Ia not personally obligated to pay the
<br /> �• .
<br /> sums secured by thls 3ecurlty Instrument; and (c) agrees that Lender end any othor Borrower may agree to oxtend, modlfy, ,;,,�i,, •
<br /> torbear or inake any accommodeUons with re�ard to the tertns of thls Security InsUument or the Note without that Borrower's ;, .,
<br /> consent.
<br /> 13. NoRIC9.My noUce to Borrower provided for In this Secudty InsWment shali bo given by delivedng R or by malling k ; ,; . ' �,,�-.
<br /> by flrst class mail uNese appiicable Inw requlres use of another method.Tha noUce shall bo dfreeted to the Property Address or ' '�'�`�t�
<br /> i
<br /> any otFer addresa Bonower designates by noUce to Lender.Any noUce to Lender shall be given by ti�at dass mntl to Lender's � , '
<br /> � addreaa suted here4i or any addresa Lender designatos by noUce to BoROwer. My noUce provldad tor In this Secudry � ,'�' '•q,
<br /> Inswment sha7 be deemed to have been glven to i3orrower or Lender when flNen as provided In thla paragraph. ; , • ""
<br /> 74. GOVAr�ting l.e�w; S9V6�eblll'Ly. Thls Security Instrumant shali be govemed by Fede�nl law and tho Ic��v of the i ' �K
<br /> Jurisdtclion irt v�hi..li tho PropeAy Is located. In the event that any provision or clause o1 tiiis Securlry Instrument or the Noto � � �
<br /> confliets with applicable law, such contlict sh4'.1 not atfect other provlslons of this Securtty InsWment or the Note which can be ' �
<br /> given eltoet without the conilictfng provislon. To this end tho provislons ot thls Secudty Instrument and tho Note are declared to ! '�
<br /> be severable. � ' � �' r'
<br /> �5. Bonny+rer'3 Copy. Borrower shall be given one contormed copy of thls Securtty InsVument. � �' `
<br /> 16. Asslgnment of Rente. Borrower uncondiUonaly asslgns nnd transfers to Lender all the rents and revenuos ot the
<br />- Propetty. Borrowef authodzes Lender or Lender'�ugents to collect the rents and revenuos nnd hereby directe each tenant ot the ,
<br /> Property to pay the rents to Lender or Lender's ngents. Howuver, prlor to Lender's noUce to Bortower ot Borrower's breach oi
<br /> • nny corennni or agreement In tha Securfry Inswment, Borrower sh�ll collect and �eceNe uIl rents and revenues of the Property
<br /> • as Vuatee tor the benefrt of Lender and Borrower. This nssignment oi renta conotitutes nn ebsotute assignrnent and not an
<br /> asslgnmeM tor additlonal security ony.
<br /> If Le�der gMes notico of breflch to Bortuwer. (u) all rents recelved by Bortower shnll ba held by Bortower as Uustee tor
<br /> benetit of Lender onty, to be epplied to the sums secured by the Security Insttument; (b) Lender shall be entiUed to collect nnd
<br /> recetve all oi Iha rents o} the Property: and (c) each tenant of tho Properry shail pay all rents duo and unp�ld to Lender or
<br /> LendePs ogent on Lender's written demand to the tenant
<br /> Borrower hns not executed uny prior assignment of tho rents and has not nnd will not peRotm any act that would provent
<br /> Lender trom exercising fts rights under this Parngmph 18.
<br /> ' Lender sha� not bo requlred to enter uFon,tnko control 01 or malntnln the Property beforo or after gNtng notico of breach to
<br /> o....�....,.. N...VS.a. 1 n.uiu iv n 4uilrlall�orv�nintnel wrdvnr ma�rin nn of nnv fimn fharn In c l�manh Gnv arvJlraflnn nf ranta .
<br /> _. _.__._.___. .__ . ...........�.. .._.._._.-,._-' _. _ •-----• -r�-"'-- '--..� ...-� -- -- -. _.� ,.._ ...-'- -- - -----' ' --. -T� '-�- -
<br /> shall not curo or wnivo any defautt or Invulidato eny other right or remedy ot Lender. Thls ossignment o1 rents of the PropeRy
<br /> ' shall tcrtninnto whcn tho dcbt sccurod by tho Sacurity Instrumcnt is pnid In tull.
<br /> � 17. Faroclosuro Procadure. If l.amder roquir�s Imm�d6ate peymen4 tn full uoder Paragraph 9, �
<br /> Lender miy invoke th� power of sale and nny otlic�r re�nediea permitted by applicable law.
<br /> ' •• Lendor ehall be entltled to collect a�ll expenaea incur►ed in pursuing the remodies provlded in _
<br /> this paragrop0i 17, including, but not Ilmt4ed to. reasdnAblo nttarneys' toes and costs of tttle
<br /> ' . evidunce.
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<br /> • F5D1J.L►WO(ORO) Pnpe 7 ot a
<br /> • �.� „ 9l102
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