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<br /> - -�`�''�ri�`- �: y�`�31� '�4.�1�C.E`�a�.a a�+�''{�".rlr}..�.�. _--
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<br /> . � � � ; . � � � � ���-�.���.��� � .• � �-_��___.�...--
<br /> • � paq�en�.whicfi are�ferctd to iQ Paia�apb x,ar cfiiange tPt�u�xwant of such payments: Aay excess pmcec�s avar an ---
<br /> a�aua��r8d to 8ay s3l�o�standi4}g�°i i�t�s ur�'r tf�iV��nd tttis�5ec�aity L�cu�s�a1�S!!6�p�i�i to�entiry. �____�-- -
<br /> ? kgaliy entit?eat theteUe. , ' ' . . . ' --_—
<br /> S.Fee� Lencl�r may aalkct fees cwd c6arges uutharized by the Secr�etary. `���_.���
<br /> ' ` 9 C�uads for AacEterrstion ai3Tc5� � ==���_
<br /> . • (a}i)g'fanit. Lend�r may.ex�p�t as limited by zegWaeioas issued bp the Serrerary in the case of paymcnt defauIGS. • , =--�,-_�- �- ---
<br /> - �9,,,me��acQ payment in fall of atl sums serac�d by this Secusity Insuument i� . > �=9��- ==.-
<br /> II t ll I l C d t 1 l L S S E C 1 1 T i t y incmiment�OT . ` -•
<br /> ' � U)_Borcow e r d e f a u I t s b y f a�i n�t a p�a y i n f u ll a a y m o n t l il Y I�l'� �4 �Y �,t.� �-"� -_
<br /> to or on tt�e due date of the neat mQn t h ly payme�u.or ' � `��=�'- -
<br /> � °t�l=-?"a :o-
<br /> (�i}Borrawer defanits 6y failing.for a pertod of thuty days.to pz�farm any ather ob l i g a t ians contained'm this :��s�� .�_.,.
<br /> Secarity InsstvmenR ri>��r' �,�=-
<br /> (6)Sale Wli�out Credit ApAr�val. Lendei shali.if permiued bY aPPlicable law and cvith the grior apgtoval of ihe , '_... _',�4,�
<br /> Secretary,reqvire inuaediate payment m full of al!the sums secated try dvs Security Instn�ent if: _ -, �z =�.�:
<br /> (i)All or pats of t6e .or a beneficial inteiest in a mut ovmin�all ar part of the Ptaperty.is so2d or � ;�,.� y.��•.'°,�
<br /> othem�ise tr�tsf�ed(ath�� n 6y devise or desceat�tsy the Bosrowes.aud ,.-_ .=�`, .�rr_
<br /> (ii)Tke Hvpeity is noi accuPied by the pun6aser or gr�tee as 6is cu het principa!residence.or tbe�r.uchaser �•:a°.:���°.��hw:-°'';_
<br /> s ;.._= .-.:.��:,:s:�:�:."=
<br /> or grantee dnes so oocupy tY�e Pia�ty but his or her credit has aot, been approved in accardance �;<=?���nr�,_-
<br /> witb the mquirements of the Sectetary ';�=.``'�__'",__`�-__
<br /> (s�l�o�atver. If cita�stances ocrur that wouId peraiit I.xnder w ieqaire immediate payment in full.but L�der . ����-T--� --
<br /> per i '°-�;:t
<br /> does no!reqnire s�h paymeats.Leader does aot waiya�ts riP,hts arith respect w subseqnent eveats. L;.�:.�.��,... 'yti..�.,�,._'
<br /> (d)Rr�ntations a Y H�T D S e c s�t a r 9- I n tt�Y c i�t t n��n c e s m g u l a t i o n s.isstted b y tfie S e c�e r�t y►will t�mit Lender's s��,;,r�f=--_---___
<br /> _��.�v
<br /> � n8his.in the cas+e nf paymem defauJts.W requi;e.,tmmediate paymeat in full and fa�2ans of t�e �d' 'rnis ��:-:.�:-
<br /> 'Sec�ity Iasriva�ent doea nnt autharize acceteratioa ar fvrectosaie if no� tsed b �"`'��:��°-_�
<br /> P�► Y�� • ��._:-�_�
<br /> . (ej Mort�gae�Io!IasWed. Bor[ower ag�es tbai shoald this Sec�rity Insomment aad the note secured tiiereby nut .. ,sa=-�-,��
<br /> he elig��6l�for iasu�ance�der the Nat£onal HQVSjng Act witl� 8�� fium the L, �` _ --
<br /> � dute heno�Yxnder may.at its option and�twithstand.ing anyt�g ia ParaBraPb 9,iequire immediaoe pay�ent in [ �y-�-- -
<br /> fiill of aii sums sec�ued by tfus Security Iaswment A wrimn sta�aent of an authorizcd agem of the Se�r�etary t ':..:':`::��:�=__
<br /> Y �. <_ -
<br /> dated snbs�uent to 8 �nortttts from the date heieo�declirring to insme this Ses�uitv � '� �.,
<br /> Iasu�ment and t�e note secuied thereby,shall.6e deemed conci�uive proof��h ineligi'b�7iry.,Natwithst�eng �''�=��
<br /> • :i'y.-.`
<br /> the fb�goinp,this option may noi be exeac{sed by Lender when�anava�a5�7Ity of�n�i*a�ce is sn:ely due to ' �.��.<R; �,_�
<br /> - � L.e�d��a faitu�e to remii a tanrtgige msuraitce piemimn to We Seece�ny. . _-�-.`. _a,�� :�r.:,-
<br /> 10. Rednshatemettb Bonaaver has a right to be reinstazerl if Lender�as ceyuiied immed'iate pa��nent in full becanse ---�:. � _..
<br /> of Borrowet's failuze w pay aa amount due under the�Note or this Secuiity instrumen� This nght ap�lies evea after �.^:�: ;.'
<br /> fos�ectosnre praceedings ace�as¢inoed- Ti�reinstate the Se�itY Inswment, Borrower shall tender in a lump sv�a all : ..
<br /> amoimts required to bring Bo�-er's account current inclu�ag,ta the extent they are obligadons of Borrower unst�c dtis .'rlt,:�� .
<br /> Secm�iry Insuumen�.farectosiue costs and ceasonabie snd castomary att�srssys'fees and expenses pm�saly associated with ,,�
<br /> the forec�as�ue p�inS. Upoa zeinstatemeat by Bmrower.this Sec�.y Inswment and the ob' ons that it seciues ,, �;-`•
<br /> li� ry;,:;,
<br /> sh�!!n�naain in e��cII as if L�euder I�ad not tr,�uiied immediate paymer...i�'f�r11. However.Lender is�ru required to pemrit
<br /> �eu
<br /> ni�a�.':ment i�. C�?i,e���s P�:�.aoccpied reu�statement aft�.the comr.:�::cement of t'areclosure p�d'm&g within two ' :�,::
<br /> yese�,smmediately piec�a� t3� commencement of a cacr�si fort�losure pmceeding..(ii) reinstatement w�ll p-.*ecluds . �..,,+ �"" "
<br /> � sTS
<br /> forez1:snxe oa differeat gro�in the futute.oz(iii)reinst�ment will adversely affect 1���riority of the lien cte�:�d,by.. '��� ;
<br /> this Securiry IasCument. � ,� <''� ' '
<br /> 1L Barrawer Not Reieased; For6earance by Lender Not a Waiver. Ext�sion of��time of payraem or ,:-:�� ,;.
<br /> modificatioa of amortization of the sums secured by this Seciuity Instrument g�anted by Lender co a�g�sucoessor m interest •r�� ,
<br /> an '
<br /> of Barrower shall aot opeiaie to releas�the tia6ility of the original Borrower or BormR•:r's successor in interest. Lender . �'`.• �;,: ��,
<br /> shall noi be to commence ceedin amst�c�successor in interest or r�se to extend time for pa or � �!;%i�y;; •—~
<br /> requited Pm &s a8 5 . r�r:,r.. �'�v. ._
<br /> otherwise modify amortizatian of the sums secured by tc'-:is Security Irumunent by rezson of arry demand e by the �•,�:,;}' �f,-
<br /> or.'ginal Barrower ar Borrower's suceessms in interest. An forbearance b Lender in eaercisin an ri t or remed shall ,; �: _,.
<br /> Y Y S Y 8� Y ,r�� "�.�
<br /> aot 6e a waives of ar preclude the eaes�ise cE�;y right or remedy. � � -- .
<br /> t...,.
<br /> IL Successors aad Asslgns Ba�uad;Tciat and Several LIabUItg;Co+Sigaeis. The covenants and agreertr�nts of � �' '�"� ��
<br /> '��•:F
<br /> this Sec�iry Iasuument shall buW and benefit the successors and assigns of I.ender and Borrower.subject to the provisions � •;r. d _ ;
<br /> �`.�:•' .:�:
<br /> of Pa:agraph 9.b. Borrower's covenants and agreeme�:s s.�all be joint and several. My Borrower who co-st,�s:ttifis �'.. �?;,t:sY�.�_ .-: ...' .
<br /> Securiry instrwment but does not execute the Note: (a)i�u�-sigmng this 5ecurity��ent only to mortgage.�t a�td •.�:;�-f,�;<;;• ,r�*f-;���
<br /> convey that Bormwer's inteiest in t�e Properry under the te.*.-:s of this Securiry Instrum�"�;(b)is not pe�sonally oEli�to . �,���:;..•�• � ••=-
<br /> pay the sums secvred by this Security Instrumsn�and(c)agrees that Lender and any ather Borrower may agree ta extend, • ,',.,„{�„�:
<br /> modify.forbear ar make any accommodations with regard to the terms of this Security Instrument or the Note anthavt that _. .�•:.;��;;��;,
<br /> Borrowct's consent. ,.. �<„'��w�`;
<br /> � 13. Plotices. My notice to Borrower provided for in this Security Instrument shall be given by delivering it or by ,•. ., ••� :'•
<br /> mailing it hy fust cla�s enail unless applicabte!aw mq�tims use of another method. The notice shall be directed to the � r'•,,
<br /> Pcoperty Address or any other address Borrower designates by notice to Lender. Any noricft to Lender shall be given by •::;},..;.
<br /> fust class mail to Leader's add�ess staied hesein or any addtess Lertti�cdesignates by notice to Iia�rower. My notice ,� �.: . ',;�
<br /> �rovided for in this Security lnstrument sha�S ise de�med to have been�v�s to Bmrower or Lender�[�n given as provided ' `^;�;•
<br /> ,:�,;,
<br />- m this paragraph. � � .
<br />- 14. Govetatng Law;�e�ernbllity. 7fus Secwity Instrument shall be govemed by F�deral law and the law oY the , . ..
<br />- jurisrJiction in which the Fm�ry is located. In the event S7.�t any provision or clause of this Secur►ty lnstnunent or the . . ,
<br /> Na*a canflicu with appticable law.such conflict shall nct a£i�tt other�esovisions of this Security Instnune+�t or the 1Vote
<br />= which can be g'rven e�fect without the conflicting provision. To this ertd Qte provisians of this Sec�rity Insm�ment and the , ' . ..
<br /> Nato are decland co be seve�abie. . �
<br /> 15. Borrower's Copy. Borrower shall6e given one co:�formed caFy of tttis Security Insuums:rs. .
<br />- 26. Assigameat cf Reais. Borrower uac�rad►tional7y E:�si�ns and transfers to Lender s►ll the iects and revenues of the
<br />° Pl�v�srty. Borrower authoriz�s L�nde�r ot Lender's agents m ecllect the rents and revenues and hereby directs each tenans of � � �
<br />= ths Property to pny tAe rents t�Lender ar l,ender�agen�. Nowever.prior to Lender's notice to Bmrower of Botrav,er�s �
<br />- breach of any covenant ar a�ciement in the Security tnswmen�Borrovrer shall wllect aztd teceive all rents and tevenues of � • ••
<br />- the Pmperty as trust�far t�e 4enefit of l.ea�:r and Borrower. ThLs assignment of rents cans6tutes an absolute ass9gnment •• • •
<br />= and aot an a�signmen�far additional securirf only. .
<br />- � If E.endes grves rtotice of 6reach to Borrower. (a)all rents ceceived by Borrower shall be held by Botrmver as wstee . � �
<br />-� for 6enefit of Lender onty.to iseap�lied to the sums secured by tha Secunty tnswmenr.(b)Lender shaU be entided to .
<br />- eollest and receive aU oF t�e cent�of the Ptoperty;and(c).each tenant of the Properry shall pay all rents due and unpaid to � : .
<br /> = Lender or i.eader's agent on i.ender's wriues demand to the tenant : . .
<br />� • i3mrower has not�eaccuted any prioi assignment of the mnts and has not and wilt not perfotm any act that woutd
<br />== pnwent Lertder from eaercising its nghts under Wis P.�ragraph 16. •
<br />� Lender sLnU not b�requined to entet ugon.take control of or maintain the Propecty befor�e or after giving notice of , .
<br /> - breacb to Barrower, Havrever.l,ender or a judccWly ap�ointed receiver may do so at any dme thete is u brach Any . ,
<br /> - applicaeinn of rents shaU not cur�or waive any defauIt or mvalidate any ather right or remedy of Leader. 7Y�is assignmem
<br /> - of nnts of the Property shaU termiaaze when the de6t secured by the 5ecuriry Insuument is paid ue full. � . •
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