|
.. ' � -lif:i+`�—.r.w�•+�q,+���...--r•^.:Y;;�' �..,� . .. � .
<br /> •�,7wr.s+.,.r��r.r�n�.-rn.�y........,..- .
<br /> .�+•..a+�»Ma...�y�.,....�: .. .. _ . ��- � _..._... _—. ._._....------�.
<br /> �as,�i ...=:. .�... ...• . ��l �..d. � -� . --
<br /> . .y.� _. .r
<br /> .qn��i�w-wM� �,.� '�
<br /> ' �F�Yv 1�i .l%'.�:�..l ' �'�.-. '. ..-��LL �r` .
<br /> . . . •.
<br /> ..� . � �� �w uf�.ti' _.�L )! '�r �,
<br /> . . . _..._ . _"__ _.— __ _.. "._____. ._ _... ..__ ".`_�_�.�.�.�.�.... ..��______
<br /> '1 "_ '_
<br /> . � �ome���� .___.��R.s�w��www���w+���.�..�+.-...s�...�......�.���..-�....�..�- .�
<br /> . . _....__ ... ... . .. ....-._._. .__. . .. - .
<br /> "��e .. -._.._..�. . ._. _ _ . -.�� ..... —
<br /> : 1:� ' � 9 a-1���!�� �_
<br />. _y,�`� _
<br /> ' ! �)fIRCIr3;d. Any applicatinn of �hc procccds to thc �lI'IRL'IE)1I ,hnll nut cxtc:nd ur �zustprnu: UiG: Quc datc of �hc mnntbly E_
<br />" �;,,; �3�;sn4nts, �vhich arc n:fcrrcd ta in Poragru�L 2, ur�ii.iuy�ihc amount aF such paynzent:. hny cr._••_tiy prnrrc���: nvrr nu �
<br /> -_==-'� nmuunt rcquircd ta pay nll outstnndin�indcbtcdncss uncicr thc Note Shall bc paia to ihc cntity Icgally cntiticd Uicreto. _
<br /> B. i�ers. I.ender nL�y coltect fccs and c6m•gcti nuthUrizcd by�he Secrctnry.
<br /> --- -- %�. Q:ur:�u3f0��Ck�c:■ui�3ii�iii�Y2.
<br /> (A)Ikfault. tander mny,except n�;limited by re�uli�tiuns issueil by 1he Secretary in the clsc nf pay�nazt dct'aults,
<br /> rcyuirc immcdlntc paymcn�in fulf of ntl sum.r•sccurcd by this Sccurity Instrunxnt if:
<br /> (i1�orrowr.r defnults I�y f'tulinF to pay in ful{ miy man�hly pnynun:requircd by this�ccurity Instrumcnt prlor r
<br /> to or on thc duc dntc of'tlic ncxt monthly paymcnc,or
<br /> (ii)8onowcr dcfnults by failing,for u period of thiny days,to perfonn nny othcr abligations containcd in this
<br /> ---� Security Instrument.
<br /> (b)SAIe Witt�o�t Cr�rllt Approval. [.cnder shnll.If permittcd by upplica6lc taw:►nd�vith thc prior npproval of thc
<br /> - Secretary,reyuire immediate puyment in li�ll of nll the sums secured by this Security Inswment if:
<br /> (i) All or pan of thc Property, ar n hcncficial interest in a u•ust owning aU or p�ut of thc Property, is sold or
<br /> _ � othenvise trnnsfcrred(other than by de�•ise or dcseent)by the Born�wcr,nnd
<br /> (ii)7'he Property is not occupied by dte purc4ater or grantee as his or her principal re,ldcnce,or the ptirchascr
<br /> or grantee does so occupy the Propeity 6ut his or her credit h:+.s nat been approved in accordanee
<br /> with the requiremcnts of the Secretary.
<br /> (e)No Waiver. If circumstnnces occur that�vould permit Lender ta reyuire immediate payment in full,but Lenrler
<br /> ---- dnes not reyuire such plyments.Lcndcr dacs not waive it,rights with respcct to subsequent cvcnGs.
<br /> � (d)Re�;ulatlons of EIUp Secretary. lm m�ny circumstances regulations issued by the Secr�tary will limit I.endes s
<br /> - righ45, in the case of paymcnt dcfaults, to require immediatc p:►ymem in full and foreclose if not pzid. This
<br /> ' Security lnstrument does not authorize�ccelerntinn nr foreclosure if not permitted by regulations of the Secretary. .
<br /> -- (e)Mortgage Not Insured. Donowcr ugrccs that should thi.s Securiry Inswmcnt and the note sccurcd thereby not
<br /> _•y be cligible ior insurance under the iJaiionul Housiug Act w ithin g ��;��5 from tt�e .
<br /> �..-�
<br />___._ -_ datc hercof.Lender may.at iGS opuon and nutwithstnnding unything in P�vagraph 9,re�quire immediate puyment m _
<br /> = full of ull sums secured by this Security Instrument. A wriltcn statement af any authoriud ugcnt of the Secretary
<br /> dated subsequent to g nqnths from the dute hcreof.dcclining to insure diis Sc:cuaty
<br /> _ [nswment and the note secured thereby, shull 6e deemed conclusive��roof of such inetigibiliry. Notwithstanding
<br /> ._=�� the loregoing,thic optiom m�y not be exercised by Lcnder when the unavailability of insurance is solely due to
<br /> ----� Lender's failun:tu rcmit a mongage insurancc premium to the Secrctary.
<br /> -�- l0. Retnstatement. Bonower hati u right to be reinstatcd if I..ender has mquired immedinte payment ia full because of
<br /> -_,�,� Sarrower's failure ro pay an umount due under the Note or this Securiry lnstrument. '['his right applies even after foreclosure
<br />:_---- �rocecdines nrc instiwted. To rcinstate the Securiry Instrument,Borcowcr shall tcnder in a lump sum all amaun�s requircd to
<br /> �"' bring Borrower s nccount current including, to the extent thcy Ne obligations of Borruwer under this secunty instrument,
<br />'�-+� fOfCCIO5l1CC C054S and reasonablc and customary anorneys' facs and cxpcnses praperly associated with the foreclosore
<br /> -- ,:o,�a proceeding. Upon reinrtatement by Borrower,this Security Inswment and the obligauons thut it secures shall remain in
<br /> �=,y'� cffect as If Lendcr had not reyuired immcdiutc payment in full. Howcvcr.Lcndcr is not required to permit reinstatcment if:
<br />_�r� (i) Lender hns accepted reinstatement :ifter the commencement of foreelosure proceedings�vithin two ye��rs immediatefy
<br />-=��t��y preced�ng the commencement of a current foreclosure proceeding, (ii) reinstutement will precludc foreclosure on differcni �
<br /> ,:,-,�,;;�%� gmunds in the future,ar(iii)reinstatement will adverscly affect thc priority of thc licn creutcd by this 5ecurity Instrumeni.
<br /> _� 11. Borrower Not Relensed; Forbe.arance by Lender Not a Wuiver. Extcnsian of thc timc of payment or
<br />---'�'� modificatian of amortization of the sums secured by this 5ecurity Instrument @ranted by Lender to any succestior m interest
<br />=-""'� of Borrower shall not operat�to release the linbility of the original Bonowcr or Borrawer's successor in interest. Lender
<br />,�;r?.,�;� shall not be required to commence proceedings ugainst �ny successor in interest or refuse to ext�nd time for payment or
<br /> ,��= othenvise ittadify amort'vation of thc sums sccurcd by this Sccurity Instrument by reuson c�f uny dcmmid madc by the
<br /> --------= original Rorrower or Borrower s succcssors in intcrcst. Any forbcarnncc by L.cndcr in cxercising any right or rcmedy shall
<br />_ _L;��,y� not bc u wcuvcr of or prccludc thc excrcisc of any right or n:mcdy.
<br /> _�;� 12. Successo�s and Assl�ns Sound;Joint s�nd Severul LlabiUty;Co-Sl�ners. Thc covcnants und agrcements of this
<br /> _ - Securiry lnswment shail bind und benefit the successors and a+signs of I.cnder .md Borrower, subject to the provisions of
<br />---�� Pnrograph 9(b). Bnrrower's covenan4r und abrcements shall be juint iuid several. Any Ho►TOwcr who co-signs this Security -
<br />--==y Instrument but does n�t cxecute thc Note: (u)�z co-signing this Securiry [ntiwment only ta mortgagr.,grant and convey that
<br />�,�q�y� Borrowcr's interest in the Property under thc tenns ot'this Securit}•Instrument:(b)is not prrsonully oblignted ta pay the sums _.
<br />-°="';�� securcd by this Security lnstrument;�nd(c)ugrccs Uiat Lcnder and uny othor Borrower muy agree to extend,modify,forhelr =
<br />-- -= or make any accommodations with rc:gnrd to the term ot'Ihis Sccuriry Inrtrument or thc Note witNout that Borrower's °-
<br /> --':� consent.
<br /> -a���� 13. Notices. Any notice to Bcrrower provided tiir in this Security Intitrumcnt shull be given by delivering it or by _
<br /> ,-�� mailing ir by first class mail untexs upplicublc law rcyuires use of another methqd. 'Th� noticc shall be directcd to the -
<br /> -= Property Address or any othcr address Bortowcr dcsignates by naticc to[.cndcr. Any noticc to Lundcr shall be givcn by first
<br />=`�-"" class mail to I.cuder's address statcd hercin or any,iddress l.�:ndcr de�ignut�s by nclicc to Rorrowcr. Any noticc provided =-
<br />"'�`'O-'a for in this Securiry Inxrrument shull bc dccmcd to havc hcen given to Borrrn��er�x Lcndcr �vhen given ns provided in this -°
<br /> - - �'
<br /> ---� paragraph.
<br />-_-"��' 14. Governln� Ln�v; Severubility. This Sccurity Instrument shall bc governed by Fcderul la�v and thc lativ of thc .
<br /> _-'�� jurisdiction in which thc Propedy is locatcd. In thc cvent�hat uny provision or cluusc of this Sceurity In�trumcnt or the rotc ��
<br /> - contlictti with applicable law,tiuch contlict�hall not affect other provisions of this Securiry Instrument or the Note which cim F
<br />=�3,�', � be�iven effec:t without the contlicting provitiinn. To this end the provisions ot'this Security Instrumcnt und the Note are C
<br /> �i4�� dcciared to be scvcrubic. �
<br /> W z�`' 1S. Norrow�r's Copy. Burruwcr shall bc givcn onc conformcd copy c�f this Sccuriry Instrumcnt.
<br /> -" c� 16. A�;sl�;ttmcnt oP Ren�s. Borrowcr uncanditionully assigns and transfcrs to Lcndcr ull thc rcnts and revcnucs of thc
<br /> ��'��� Pro pert y. f3orrower authnrizes Lcnder or i.ender'�a gents to collect thc rents anci revenucs and hereby directs ciich tenunt of
<br /> •• thc Propeny to pay the rents to Lender or Lcndcr's agcnts. Ho�vevcr,prior to Lcnder. noticc to Borr��wcr of'Borrowcr's
<br />-�,��,�-�.�,-� breach of an��coven�nt or ag►�;ement in the 5ecurity Insaununt.Borru�vcr shnll collect and receivc all rent�:md revenucs of
<br />_°:ti.�.� thc I'roperry as trustcc for thc bcnctit of fAndcr and Borro.scr. This nssignmcnt ol'rcnts constitutcs an absolutc as.iFnmcnt I
<br /> � _a_ .a. ...,a:. ..�. ..�..
<br />-=....4J... ww uvauu nnaibi:u..v:aav.. :••uu.:°":::'�:.u�.
<br /> '!�""u If Lcndcr gives noticc of brcarh to Borrower: (a) all Rnh rccci�ed by Borco���cr shall hc hcld by Borrowcr u�tru�tcc
<br />�;'i`':��� fon c�ncfit of Lcndcr �nly, to bc upplicJ to thc sums sccurcd by thc Sccuriry Instrumcnt:(h) Lcnd�:r�hall Ix� entiNcd to �
<br /> •�,•,•:�� collect vid rec;eive all of the rcnts of the Property:and (c) each tenant uF thc Property�hall pay all rent+ Jue and unpaiJ to
<br />-�:.�i •-� Lcndcr or I.cndcr's ngcnt on L.cndcr'x writtcn demand ti�thc tenant. f
<br /> - � '�'-�` � Borrowcr has not cxccutcd any prior as�ignmcnt of th� rcnts.tnd hus nut and will not pert'orm any urt that would �
<br />=;�!:,v�';
<br />� •'� - prevcnt I.cndcr fram c�crcising its rights imdcr thiti Parugraph 1G.
<br />-i•!�r?,�•_ I
<br /> _ ,r_,-..:•. l.rndcr shall nut bc rcyuircd tu cntcr u�n, takc control of ur maintain du Property Nrl'ur� or alicr gi��ing nutirc ul' �
<br /> ::.;:�.~'. brcach to Borro�vcr. Howevcr. Lcndcr or a juJicially nppointcd reccivcr may do ,u at uny timc liacr� i+ a hrruch. Any �
<br /> :;;.�;r: . application ol'rcnts shull not rurc or«•uivc any dctliult or invalidatc +my crih��'righl or nmcdy uf L�nJcr. '1'hi�a.+ignmrnt uf ;
<br /> •�L} rents uf thc Praprrty shall tcrmimuc when the d�bt �ecurcd b}•thc Sccurity Instrum�nt i�pciid in full.
<br /> .�.N�y r
<br /> •=d3'�f:l�S�_ -
<br /> �;��-
<br /> �t �
<br /> „ �- fJrug�• I��Jap�lC�.V ,
<br />
|