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<br /> ����' � P��P� .�� �Ptisatio�of tq1,e Pz�s to�[1�e priacigal shall aot eatend ar go�tpw th�due date o tI:e tr.c>nthiy - -
<br />=-�;�• " �. r�aymcr.t�,evlush are�r�fea�d to in Fs2ragmgh 2.or ehaa�e(.8e umount ef�uch pa�uent�. Atry.excess pmeecds ovet�n _____--- -------
<br /> _ -- - emsa�nt nqu�red io pay al1 autsLaatin�indebtgdtte�s under tt:eNote shaI!6e prid to tfl�eni�ly l�a 1 3y enti t l e r l`t l iere�. .` . . ___. -- - -_--
<br /> —_->� . � .' � Fe�. �d�r,may colt�t fees uad chat�es authorized 6y the Secretary. , � - -----__..s�`-
<br /> �4 C�nntYs�ozAc�tesationo��eb� ��� - y
<br /> :��=;w,.�,�_� �- ' �=::-�:_�-__-_==-
<br /> a�=� ,(el Q�aut�. lxndcr may.sxcgpi as timit�d by re�tl�tions issyed bY tfte 5ecr�L�r in the c.�sa�of paym:su d:iautts. __ _-
<br /> --�;;;� t ' ��imm�i�P Fa��eat in fiill of all sums securert by this Sec�uicy[nstrun�enc if: � �M-=
<br /> ��� . �_ (�)8oaov�er defautts by faiting to pay in full any cnnntAiy pay�t reyuired by td�it Secudry Insttpm�nt Q�ior _
<br /> �,���; to or oa the due date oi the next Ettonthly paymca�.or ' ;. ""�n��' _ -�__
<br /> _�� (u)Borrowe�defaults by failing.for a period af thiny days.to petform any othcr obligadons conraiited in this ;��� -____-
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<br /> Secutity InsWmeni • �o.�
<br /> • [h)Sal��Yf�ont Cr�lit App�vub Lender sdwil.dF pertnitted bY�PP�cable Ia�v aad�r�ith the prics approv�i of the � � ¢_t� ��_���
<br /> ���s. ' . Sescet�ry.�rqu'sre unme�iate payment in Pull of a!1 t$esums s�tumd 6y this Sccudty Inswment�: ,�� .
<br /> �;,,� (7 AU or part of the PropeRy.or a bcnc�cial interest in a�st oamin�al!or part of the Progetty.is sntG or ` �;��� ��,�'�-�..- ��-
<br /> . �F3kss"=°-���,.�a.�s=—
<br /> othsnvise tr�sf�ed�other th�n by dr.wiss or desceat)by the 8otraRer,and ��li��_�� '
<br /> ,�`•9 (ii)7�Pmppty;ls at�Q�q�tiat•b�r•tjte pu�.uer or grantce as di.s or her priasipal residencc,or.the�asez �,�.r�r,v �- .���
<br /> �'' nr gantee:does sor;pC&upy,:tke Pmpetty but tus or her credit.has not 6een appxaved in accordance °- _: m
<br />_ ��r� with the requ�mr.n�.csf thmS�ty. � -,�,�.,
<br /> �'.�'�_'_ (c)Ho Waivet: if arc�a�noes ocrnr that would permit Lender to requim irnmediate payment in fall.but ixnder ��-����.
<br /> �" � d�s nnt require sucd payments.I.endcr does not waive its ri�hts with rcspect w subsequent events. � �—
<br /> �::� (d)Rega�si�as oP�T1D S�cr�tar9. In many circvmstances regulaiions�s5ued by tfie Sec�etaryr will lunit f�endef s . °`-�,F_�; �_-
<br />- �---�:,i rightc. in tlse c�se of payment defaults, to require immediate paytnent in fuU and fareciase i�nqti,paid. .This ��"`
<br /> �.:= � Security Instmm�nt dfles aot authorize acceletatian or foreclosure if not permiaed by regulations of th�Secretary. ��i7'�
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<br /> .a. �•: �r.�s_�-�-�.
<br /> ,�,',� (e)Diortga�;e Not In9ared. Borrower ag�s thaz shoutd this Security Insmiment and the nate serure�thercAp not '
<br /> � �,,���� be e6gt�ble far ms�rance undea the National Housing Act witLia •8 mu t fio�tfie ; T�-,�'-��'.
<br /> datehereo�Lender may,az its opdos�nd aotwithstanding aayt�ing ia Paragrar� .reqaire immectiate payment in �;
<br /> � -�,•_..
<br /> * ,��� _ -- fi�ll of all sums secured by.tfiis Security..Insuufnent A wrt:ten sta►�ment of any authorized agent of the Secce[ary - `�� �_
<br /> o; - _ . dated subs ent to from dce da[e herea�deciiniag ta insure this Secarity _ -�
<br /> � {p� �
<br /> _;,� • . Insttument and the nate��[hereby.shall.be d�emed conctusive praof of such ineGgibility. Natwithstanding .r ':'� s� �<•��.
<br /> `� the fo oin ,tbis a turn rra not tre exercised b Lende�when the unavailabili of insurance is soiei clae to �'�-°°f—
<br /> ;�;,� . . . re8 g P Y Y RY y �,:�'-::;:' F'—.
<br /> .; � Lendd s failure to remit a cnortgage msuianee premium to the Secretary. ��� !;�. � �' -
<br /> ;:_��,� � 10 ReiastateramY. Bon�ower has a right w 6e reinstated if Lender has required immediate payment in full,because of f�, ;;-� _ r � .•::'
<br /> ' Bosmwef s failure to�ay an arnount dae under the iVote ur tHis Security tnsnvmem. '�sis right applres er•en a�ft..�r for¢ctosnrc � -�_�:t;; - :
<br /> :��-> = � ptoceedings ace insatuteA.�To reaust�te the Security InswmeaL Boaower shall tender in a lump sum all amounts recuired to t�•._ '
<br /> �,:`•-��.��,�� bring Boaowet's arcount cunertt ic�iading.to the extent they are obligations af Borrower under this Security Ins�rment, ��=.` .�.,
<br /> t, :�::,••.
<br /> foreclosare costs ami rea�onabl� and eustomary aztomey.s fees and expenses praperty assaciated with the forecfosure - .. .
<br /> `� :•,'�'; ` m lJ on retustatement b Borrower. this Securi Inshvment acd the:abl' aans that it secures shall remain in 1 ,
<br /> P ceeding• F Y �Y � �:�: �•� = .
<br /> - • effeact as if l:ender h:ra1.oot required immediate p��mtnt in full. However.I,„-�r:t:is no�tvquired to peirrt reinstatement if:
<br /> .:'� ��.. mt ,
<br /> '�'�� ":� (i) Lender has aae�t�t reinstatement after the commencement of forecles�a.prpceedin�s within ntia}rar.s immedlateiy '�;�,>'
<br />-sa�s�_.: „
<br />:,<<�;:.,-�,�+;� p�¢�g�e commenrem�nt.of.cs current foreclosure proceeding,(iil remsYatement,lv�l},prec;ude foreclusure on different ��'� ,, �, •
<br /> 'r�" "'�• grounds,ia.ttie.f�Nr�or(ial.r•;i.c�ta'temcnt,�viU adversely aff�t t6e��rjoriiy.of the lien�tted hy tJ�is Securiry lastrum�t�� _ ;:.,
<br /> �:+Wr..+'!�i�� � IF.'�Earc�o�ver.Aiot ��t�l; �Fo�ltet►rnrtpe by [.ea�a.lYot�a ��Y�iver.. Exten:.�e��Af.•thC�time of payir.ent �r •. � .
<br /> ����' raodi�teatian��f•aanor�.xadon Cf•'i;�,�sum9�r�xur¢d b this Sect:ri Instnunent ted ii.:etder tu an successor in interest � r,.�
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<br /> Y �Y � trY �" Y• .+•_� h .
<br /> ;'.'�"� of Borrotiver shaU ant operate ra'�:tease the liability of the oripnal Borrower or Borro�vePs successor in interest Lender . _
<br /> _��_:� s h a ll n a i b e req u l r e d t o c o m m e rn:e proceedings against any successor in interest ar refuse to extend time for payment or
<br /> :�; -� othenui.r•e madify amattization at sl:e sums secured b3 this Securiry In�trument by reason of any demand made by the _�;.,:
<br /> "' origirra�"I�ormwer or Borrower's svccessots in.intrresG An}�n~bearance by Lender m exercising any rigt►t or remedy�ehall J/,';.ii� .-
<br /> "` not be e a�azver of or preclude the execcise of any right or remedy. ' ';�'�-
<br /> _ ,� 12. Sncoe�sa�sand AssZgns Bound;.Toi�t and Several UahUity:Co-Sigaers. The covenancs and ageements of this . • � � ��� ,
<br />:=^:"��� � Secvcity Insttume::t 4}iall bind and benefit the��::,cssors and assigns of[.�r.der and Borrower,subject to the provisions of • �� � .•.- • .
<br /> __--_ ,.'� f Parapaph 4(b). Bcizvwer's covenants and agr•�arxnts shall be joint and sesu�J. Any Borrower who w-s+gns this Security ""f.�'Y. �f;?.��
<br /> -_ , lnstrument but does not execute e�t[Vote: (a)is¢o-signing this Security In.s�s�ment only to mortgage.grani and convey that �: '�.'''.i�-,��� :
<br /> � • Bonrasyei s interest in the Property 4nder the terms of this Securi.w Instrumen�lb)iti not penonally obligated to pay ihe sums , = !"'•� --
<br /> -`k�. - �r�+r,j;w..
<br /> - .>� seeuxed=by this Security In.suumeat:and(c)agrees that Lender:•rtd any c�ther Borrower ma.�,�3ree to extend,modify,fi:rbear �
<br /> `_;,�A." _ or ina]ce any accommodauonc wah regard to the term of this Security Inswment or ct.r Note without that Bucru�ver'ti • �• .'.%°:';�.
<br /> .� - COIISCIIL r � d '°
<br /> ,`•�. 13. NoSce9. A�ny notice to Borrower provided for in this Securiiy Ir.•�wmem shall be gi�•en by delivering it or by ,f�.
<br />�«�;"�•;,'-;,�.. mailing it by fust cta5s mail unless appticabte la�v requires use�f ano�I.zr me�hod. The noticc shap be directed.to the �� + ' �
<br /> �ti�� ��•� Ptoperty Address or any other address Borrower de�ignates by mr�co to l.ender. Any notise to Lender shall be givcn is J first •''
<br /> ,,.,��.., '
<br /> '"�l•::;��_ class mail to Lender's adds�ss stated herein or any address L�:r:�w�r dcr.i�r.ate�by notice to Borrower. Any notioe pnov:ded � . .
<br /> �.:; fot in this Security 1,strument s6all be dcemetf to have Geen gi��en to Barrower or l.ender when given ac provided in this �. � � ::m•..,,
<br />` �.'..° ` aI1 }t �;°t.�,,..
<br />-�"-`_�� p �14.'Governins Lew;Sever�hility. This Sccurity Inswment s6a11 b�govemed by Federal !aw ard the law c�f the � . ���`�'�`
<br />-„"�`'`�='1 jurisQiction in which tite Property is located. In tHe evenl that any provision or clause of this 5ecurity Instrumer.t ar;he IVote � . `
<br />--��__�� �
<br />,-.�,=�:.,F�� conflicts with applicable la�v.sach.wnflict�ha1l not uffect atber procisions of this Security 4aswment or thc l�et;, whicft can '•�;�, .,;,.
<br /> �=�'n'r be given effect without the confIictin�provision. To this er.d the provicions of this Security tn�wment:uid tite i4ct�are �' ^;•i�l.•
<br />'=6�;�� declareA to 6e severable. . .:'��,�• . � : . .
<br /> - 15. Borrnwee's Copy. Borrower shall6e given one conformed copy of this Security Insttument. , . . .
<br /> :�r�'•'-��� 16. Assig,amen3 of Rents. Borrawer unconditionally atisigns and transfers to Lendcr all the rencs uii�'reticnucs of thc , .
<br />-,����''4 , Property. Borro�rer authorius Lcnder or Lcndc�'s agents to coUert the rents:utd revenues and hereby directti cach tenant of . .
<br />--��� thc Property to pay the rents to Lender or Lende�s agent�. Havrecer,prior to l.endcr s notice to Borro«cr of Borm��cr's �
<br />,_•;�,:..�
<br /> ::��: bm,�ch of any covenant or ag�ement in the Secnrity lnstrumem.Barratver shall wlIect and receive all renGs and rever.ues�f ,
<br />`-`�'`�"�'--�� the Property as uvstee for the Ifertefit of Lender and Bonower. `It�is:u�ignment�f rent�constitutcs an absolutc assignment • '
<br /> _ti;;;;� and not an assignment for addirional securiry only. • � •
<br />-"���;�=�n If Lender gices notice of breach to Borro�ver. (a)211 rentti received by Barrau•er shall be hetd by Bo:raticer as�wstee .. '
<br />-==-r��'�.� for 6eaefit of Lender only,to be applied to the sumy sccurcd by the 5crurity Instrumcnt:(b)Lcnder.hall be cntitled to '
<br /> "�E`�. col2eet:utd reeeive all of the rcnts of the Property:and(c)rach tenant ot the Propeny sh:ill p�y all rents due:u►d unpaiJ to � . .
<br /> �;;:.:,:-.•,..
<br />===�{•_..,,}� • I,endcr or l.endcr s agent on Lender's written dcmand to th:tenant. .
<br /> :-,, -..,
<br /> � Borro�cer has not executed any prior a�si�nment of the rents;ind hati nut and �cill rtot perfonn;u�y act 6i:it��vuu[d . :
<br /> --.=��_-T�� prevent Lender fiom eaercisina its rights under this Par.►�raph 16. • . �
<br /> �-+•''-'�s Lender sha21 not be nquired to enter upon.talce c�ntrol.of or maintain the Prnperty hefore ur after gicine notice of � '
<br />� ;��+'�.ss' � -
<br /> �.�.�,.--.:.. �
<br />-.•,�.�.•�.. htr.�sh to$orrower_ Ho«•ecer. Lender or a,�udicially appointed receicer may do so at any time there iti a bre:ic6. Any E. . .
<br /> • � application�f rentc shaU not cure ar w�ice any default ar incalidate an}other right or nmedy uti Lcnder. Thiti a,signment c,f � . •
<br /> , rents uf the Propeny shall terminate�chenthe drbt secured by the Security In�wment is p�id in ioll. �� �� � .
<br /> - • . . • �� � . •
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