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" < � � . � � _-i,�v����r���3 �� '�� - - -_--.
<br /> � � I�Y��bicdi a1e t�f�tzz�ta ut t��r.ph Z.ar cfiange the aamuat of suc6 payments. Any exees,s pr�t�ds over an , _- _ _ -'—
<br /> � s�fm3�eqtu�ed to pay ct�o.ustu�si�ng inds�dttess uader the Note and this Sec�uity Iast�u�nt shall De paid to the�tity =
<br /> ----TtgalTy entidedth.�retc� - . , . � ' � --- - - - -
<br /> ret
<br /> A.�'ee�Iren�r�.�v caf.�ct�s and cha�ges authori�d by the Sqrrerary. . ___------
<br /> ' 9 Grouads to�A��e�t�io�a af�?e6L � .�._ _. -------------
<br /> (a)Defar�. I�er s�•3y.excepii as limited by isgiilatioas issued by`the Secretary in the case of paymeat defaults, . __-_-__
<br /> �equire inune�t p�5aaea�ia full of aJl sums s�by this Sewrity Insanunent i� _�----- _._
<br /> (i}Bartc�uea�defa�Fs�fsy faitit�to pay ia fall any taontiily payment required 6y this Secwity tastrt�ent i�ar ���=:�.:r__�
<br /> to or on d�.e cL�ce cfiate of the n.xt monthly�r�ymen�,or �r�� __
<br /> (d'�g4rm�re;defa�aIts by fa�mg,fop a penod of ttimy days,to perform any other obligaYions conttuned ia this ����_�_
<br /> ' Sec�it�A�u.tl�:n3:n3. � ��� -
<br /> ro)sale wu�na41�rEair Appsova4�%nafea shau.if.pemiiuea by apdslica6le taw ana wc�,ane piios appro,►at af she ,�,��.,�,:�����
<br /> �( , i�,-r�ti�re payraent in full nf all the su�ms secur�l by thss Secutiry Instrtsmeut if: �';s ^ -�•
<br /> ��a�of tBe�roperty,as a beneficia!intecest in a�ust owntng aU or pa�t af the Ptoperty,is suld or �J�-===�-�-'���'-_
<br /> ot�envise tr9nsfened(vthes t h az i 6y dev�se ar dcscent}by t he Borrower,�d ���- ---
<br /> (u)The Pro�erty is uo�occapis�by the pmchaser ar�as his pr her princi p a l residence,or ote p m r h a sec ��==�=-=-�
<br /> or gr8rsee:�da� so accv�py the Pmperty but his ar he� ecedit has not been appraved in asxordantce ��,,,�.��,,..-.T=:-
<br /> wit�ehe zeqfju.�ents of tke Secr�etary. • ���••���,.
<br /> •�._����_,
<br /> � (cj No i�'7lver.It�rc��ra�ces occar that c�oWd�+ermit Lendes to.req¢ite immediate payment in ful�,but,Laaci�r _ -- -°---- _--—_—
<br /> daes uot res�uir�;sactxp ts,Lender dnes nnt waive its rigdts witb res�ect m subsequent evects. ' -. ` ---..
<br /> (d)Be�aatti�,l�ilD�S�ec�efess. In maay csscnmstances mgutatians is�ed lry the Seaetary will i't�td.ea�§ ��`_��-
<br /> rights.ia dte rtase nf gaymens defanits,to a�.ri�irnmediate payment in fWI aad finectose if na3�.. 'l�is � — _ -
<br /> Seeuray Inaurs�s�cu�d.oes not�ize acceie�an or foreclasure if nat pe�it�ed by regulations of t�e S�retary. ���-;� -_�---
<br /> (e)Mt�et�e l�ta¢Ia�.Bas�z�er agc�es t�at should tttis Seeauity Inshument anct the note sec�ued theieby not , o�:,=.-�.__
<br /> � • be eli�'ble for�nsyraace under the NaTia�k giqusin�Act arithin S r�lths � from the � _ -_-
<br /> dat�lte�f,�atder may�aT Its option aIId�-nhc�nding�y�jljn�m p�iTdgidph 9.requue' T r` �ent in =
<br /> fnll of alt swnq,se�tued by this Seturity In�u�tent A written siatemeat of an authorized a eut af e'brz'� �--T, �—°�-
<br /> Y 8 �� ��.-:�;�.�=�
<br /> dafed suUsequoiit to ` finrri the date hereof,decl�ng to insure t�is Securi4ty ': _ ___
<br /> 8 �,hs 6C�'��<��
<br /> Insunment and:t�note sec�thereby.shall be deeme�#��:�ive pmof of such inelig�biliry. Piotwithstand�; "t'��:'�i;'�'��
<br /> the fonegnia�;tiais oPtian may not be exercised by.Leadez��sen the uaavailab�ity of insUrance is§olely due tb », •_` �-
<br /> ., r�„ ,..�
<br /> Lender's faiLu�ta�it a mortgage�nm.,�...,.�emium'to the Seccetary ' � ,,�,x� �:
<br /> lU Rei�►sttat2amaao�. Burmwer has a n�ht to��insYated if I.endef h�s cea�s:ired immediate payment i�fr�ll 6ecause � .'�:.�y.:;a�;s�,;�
<br /> of Barmwers fa�'Iuns to pay am amo�ttue under'3ie•Note or this Security InstcumenG This rig6t ap��even after. :5s::y- --� <
<br /> forecIo�ue pcvaeedings are u�stitute�.. =b reinstaie th�e SecuritY I n s u ument,Boaower s h a l l tea d e r in a l u mp s u m a U �^�`, A
<br /> amflunts regui�d cm briag Borrower`s a�i cuaent inclading.w the exteni they are obligatiops of Brnrou�er under this �j r-; _- ,4
<br /> Sec�iry Insuument,.fomclosure c�sta��=.,:����d cuswmary auomeys'fees and eapenses praperly^�ciated with e�;���i; •.
<br /> • the fmcclasune grc�cee�g. Upon re��s�r G�mnwer.this Security In.�trument and the obligaaons c�.x:it se�ues ', �r' _
<br /> shal!remain in efS.tx es if Lendcr had not requitea�mediate payment in full. However.Lender is not�3'co permit �,�:;
<br /> , re i n s t a t e m e n t i f_ (i)L e�i e r h a 4 a c o e�o�r e i n s t a t e m e n t a f t e r t h e c o m m e n c e m e n t o f f o r e c l o s u r e p r o c e e�j��ithu�two
<br /> ��..
<br /> yeais immediutaiy pmceding the caz;.n�c:cement of a cuirent fareclosure pmceeding, tii) �ein.nstatem`:nt ttn'll P�clude 'z. ;
<br /> foreclosure on differenc grormds ia tt.t�fcaaure,or(iri)reinstatemeat�r�advelsely affect the��.-:ty of the lien created by �,
<br /> liliS$CC11fL2�1 jltETf'21ItBtlL � � a�.
<br /> 11. Hmrrfl�ver Nd�Setaase�;,��orbearance b� Lende� Not a•Waiae�r Gxtensios af the time of paytnent or ,f..:,��
<br /> inodificuiioa of amottiziuir•rz ef the s�s secured by t}us Secauiry Tnswment gratr�d by Lender to ariy successor in mterest .•;�.-:�.�,:
<br /> of Bmmwer shstli not o�z�to r�`�e the liability of the original Borrower or Borrower's sutcessor m imeresc. Lender ' �
<br /> shall aot be r�quired w cammeaee�tta�dinSs agamst an�r successor in interest or refuse to eatead ams for payment or �
<br /> othemise modify amnrtization of d�:a�ns securEd by this Securiry Instiument by reason c�any de[r�and m�..by the . � `��'
<br /> eriginul Batr•asver or Borrower's succ�-sGts in interes� Any forbearance by Lender in exereis�any cigiit or recaedy shall . : �',j�+.�:
<br /> not be a wFicver of or preclude the exenise of any right or remedy. ''^ '- "��
<br /> icv
<br /> �. g�cc�ssors a�Assigns Baurc�;Jaint and Several Lia6Dity;Co-Signers. 7'he wvenants aa��..�eements of _,-"_=�'�'.�w_-�`
<br /> this 3ecntisy In�untent shall bind and benefit the successors and assigas of lxnder and Borrower,sabject ta ti7e provutons , �:.•.:�.''�: -�x:,��.
<br /> oF Palagrs�ph 9 b. Barmwer's covenants aad agreements shall b�jo�nt and several. My B�rower who co-sigas this . ,'. �. , •.;t�=
<br /> �; ,-._�;
<br /> Seswity 6ns�urrcent but daes not exec�te We Note: (a)is co-sigai��:bis Security Inswmeret cr.Fy w mongage,grant� .•_ .�t, .>, �'
<br /> convey that Borrower's interest in the Ptoperey under the terms of�3 Security lnstru�n.n�(b)is c�ss personalty ob�igated t� ,. ,;�� �- • .;#..
<br />- pay the svms secared 6�a�is SecuricY�nsaument;and(c)agrePS thzt Lender and arry other Bc�r�wer may a,ree to extend, �
<br /> mad�r,forbear or mnke�.�}r accommodations with regard to the terms of this Sc�urity Instrument ar the PI�c$without that '','' _S` :,- "Y�
<br /> Borrmwer's consem. .f{�.�.+-. .
<br />- 13 No�ices. Any notice to Ba�.rower provided for in this Security Instrument shall b��rw�tr,s�.rvering it or by •
<br />- maiting it by firnt class mail untess appficable law reqttires ase of.another method. 'il�e ac�:ea:�'rall �.e dimcted to the :�:��
<br /> Prag�sty Addmss or any other address Barrower designates by noace to Lender. My no6ce tr.s i.ee�ter st�aU be given by �':�'��`�
<br />- first c2ass mnil to I�en�er's address stated herein or any address Lendet designates by notace to Bomawer. Any notice ����`: �'i . �
<br /> �rovided for in this Secarity inshvment shall be deemed to have been given to Borrower or Lertder when given as providsd • ': �'�
<br /> m this pamgraph.
<br /> 24. Governiag Law;Severabiflty. 'R►is 5ecnr'sty Inswment ehall be govemed by Federal law and the taw of the . ;. �
<br /> jurisdiction in whlch the Ptoperty is Iacated. In the event that anv provision or clause of this Securiry Insuument or the �.;,, • .
<br /> Nate confticts with applicable law.stuh confliM shall not affect aiit�r provisions of this Securiry Inswment or the Note _ • , -�� �.;.�;;;;, '' .
<br /> whicfi cun be given effect without the conflicdng provision. To ttus ead the pmvisions_of this Secur+ry�nstrument and the ' � ��� �;,;,;:.
<br /> Nate are declated ta 6e s�era6le. �'`��;.;;�":';:;���;
<br /> 15. Borrower's C Borrower shaU be given one confo�ed copy of this�2curiry Instrument. :'�'�t • .
<br /> 16. Assfgnnteat arf'�ts. Boztnwer uncondit�analty assig,��nd ttansfers to Lender el�►!ie rents and revenues of the :
<br />_ Proge�ty. Qnrr�wee authorius Lendec Gr Lender's agenL to callest r.he rents and�revenues anc�(r�reby directs each tenant of . �� '
<br />= the Fra��to pAy the ients to Lead�r.Us Letxier�agents. Hawever.priar to Lender�s nouce no Borrowerof Borrowet's F , :`�
<br /> breacb of any cov^�nnt or agreeme�i1s tt:�Security Instrument,Borrower shall cotlect and�eceive al!rents and revenues of t �
<br />= tPte Property as wstee for the ber�t r.S Lender and Borrawer. This assignment of rents constitutes an absoiute assignment � �
<br /> and not an asstgnment far additiorzal security oNy. � '
<br /> If I�ender gives notice�of br�ach.t�Bormwer: (a)a1!rents recelved by Borrower sha116e held by Bompwer as uustee , �
<br /> for benefit of l.ender anly.to be ap fiJxd to the sums secured by the Security Inswment:(b)Lender shall be entided to .
<br /> ax
<br /> collect and c�eoeive�ll of the rents o the Phnperty;�ccd(c)each tenant of the Roperty shall pay all rents due and uapaid to �..
<br /> l.eader ar Lender�agent on Lender's written demand to the tenant
<br />.= Boaower hs�not executed an�r pri4r assig n_ment of the rents urtd has not and wi0 not perfonn any uct that would
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