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<br /> -- -- ----...- --------___-- ------- —__- _ _ �—
<br /> �.� __.. ._.__... __.._ ._ _. . . .
<br /> / � . , ' ��� ���+ .
<br />_='� .� p;i!:ci���l. /4uy tyi�ilicadt�j► ot ihc pr'ncccds tc� tlic E�r�nciti�l simii nnc cxtcnd ��r ��utiipunc ihc eu� d:�i.: c�i ii�;: ��;u.,ii�i;� '-__
<br /> � �:;�77tt:tt:'�� :7{:�t•t: ?:�:, :•�}�c::�A t�� in l4�s�.�,�ra��.il�. nP�•��a�l`m ti1�=.,IQUUIis Uf SPCjI �7.lYlilCillti. /�Vly C:.l'i�:;j]iOC�.::t��GV..i 4�!1 �!F�.�,.,-
<br /> �` � ntu+nuu r�ynircd t��pny nll uutstnncling incl�l.�tc.�luct�ti UIl(ICS'lUC NOIC hI18I���IaIQ l0[I�c cnticy lcgally cntitic�l thcictu. -
<br /> N. 1�LC!;. l.cndcr may coUect Pces u�td chm�`cs nuthorizcd by Uic Sccrctary.
<br /> 9. Grnunds for AocekratkHn of Il�ct�t.
<br /> (�)iltiwult. l.ender may.exc�pt uv limited hy r�;};ulatlons issucd by the Secretary in the cns�nf payment defuults,
<br /> r�yuirc i�mnediate puymcnt in full of ull sums recure�!by this Sccuricy Ins[rument if:
<br /> (1)8orrower ciefuults by fnilin�to puy in fuli nny monthly paymcnt required by thfs Security Instrument prior
<br /> _ �o ur on Ate d�.�e�+�►P�f�hr.next mnnthly payment,�r ,--
<br /> (if)Borrow�r dcfuults by fniling,for a perind of thiny days,to perforn�uny othcr abligutionti contuincd in this
<br /> � Sccurtty Instrun►cnt.
<br /> (b)Snl�Wilhout Credtt Approval. l.ender sl�ull.if pennittcd by applicnble It►w�nd with thc priar approvuf of the
<br /> Secretary,require immediate�ayment In full af aU the sums secured by this Security Instrument if:
<br /> (i)AU or purt of the Propcny,or a ix�e�icinl intcrest in n trust uwning all or part af thc Property, is sold or
<br /> othcrwisc transfcrrecl(othcr thnn b}�dcvisc or dcscent)by thc borrowcr,and
<br /> ��� (ii)Thc Property is not oc�c��piccl hy the�urehnscr ar grantec as his or her principul residcnce.or the purchuser __
<br /> c�r gruntee does so oeeupy the Froperty but his on c�r credit lias not bcen npproved in s�ecordanca
<br /> with thc rcyuircmcntti of�hc Secrct�ry.
<br /> (r1 No VVp(ver. If circumstanccs occur thnt woulc!permit Lender to require immediute plyment in full,but i.ender
<br /> docs not rcyuire such pnyincn�ti,[.endcr docs not wuive its righGS with respcct to subscquent even�s.
<br /> (d)[teRulatbns of HYID Secretary. In tnaiiy cirGUmstances regulutions issued by the Secreta�y will limit Lender's
<br /> rights, in the case of paymcnt dcfuults. ro rcquirc immediatc: payment in full and foreclose if not puid. This _
<br /> - Sccurity Instrument does not nuthorize ncccleriuion or foreclo�urc if not permitted by regutations of tf�e Secrctary.
<br /> ' (e)Murtgage Not I�isuretl, Norrower agrees thlt shouid this Security Instn�mcnt 1nd thc notc se�urec3 thercby nui =
<br /> ___ �+c clig�b�t+fnr in�urnncc undcr thc Nadonnl Housine Act within c� �M�t�� from the —
<br /> °� datc hercof,i.cndcr mav,iit its.yption und notwithstandin�anythin�in Paragrnph 9,rcqu'rre immedinte payment in ----
<br /> ' full af idl tiuun,ecurul by this S�curi�y imtrument A wcittcn �t�teiueut uf uny authariacd agent of d��Sec,�tary --
<br /> duud subsequent to fram the d�te hereof,declining to insure this Security
<br /> 8 n nthv
<br /> Instrument und thc note sccurc�thcreby,shali be dcemcd conclusive proof of such ineGgibiliry. Notwithstanding '�z��
<br /> ____ Ihe fcmn�;oin�;, ���is optiom m�y not be exercised by L�:ndcr when the unuvailubility of insur.+ncc is solely due to =-
<br /> l.cit�lcr's failur�to remit��murtgugc insurancc prcmium to We Secrctvy.
<br /> � 1Q. Relnstutentent. Fiorruwer has u right to bc rcinstutcd if L.ender has reyuired immediate payment in full because uf
<br /> liurrower's f'nilurc to pny an timount due under thc Notc ar this Sc,curity Instrumcnt. This right applir,s even ufter foreclosure
<br /> I�rocceding�++�rc imtitutcd. To rcinstute the Sccurity InsaumenG Borrawcr shuU tcnder in a lump sum ull nmoun�i required to
<br /> — I�rino H�xr�wnr'c a�rc��au� curcient i�uludina. ro the extent thev are ohlicaUOns of BorCOwec undet'this Securitv Ins[ntmCn�
<br /> — iirrcc•lo,un� rosts nnd rcasoni�ble nnd customary attorncy.s' fees and expenses properly associnted with the foreclosurc
<br /> pnzcccding. Upon rcinstatcmcnt by Borrower,this Sccurity Instrumcnt nnd thc obligatiom that it secures shull remain in
<br /> cffcct ns iF Lcndcr hnd not rcyuircd immediute payment in full. However.L�ender is not required to permit rcinstutement if: -
<br /> v (b I.endcr hns ncccpted reinstutement ufter the commencement of foreclntiure proceedings within two ycan immediately __
<br /> — preceding thr, commencement nf a current foreclosure proceeding. (ii) reinstatement will preclude foreclosure on different =_
<br /> — groundti in tl�c thtu�c,nr(iii)rcinstatcmcnt will udvcrscly affcct thc priority of thc licn crcate,d by this Sccunty Instrumcnt. __°
<br /> 11. f�nrrowcr Not Relcnsed; Forbezernnce by Lender Not n Watver. Fxtension of the time of paymcnt or —
<br /> modific�tion of umorti�.�tian of thc sums,eciucd by this Security Inswrnent granted by L.cnder to any successor in interest
<br /> i�f�inm�w�r shall not operatc to rcicuse the liability of thc originul Borrower or Bo�rowcr's hucccssor in intcrest. I..ender
<br /> _- ,hall not tx; required to commencc proceedings against any �uccessor in interest or refuse to extend time for payment or
<br /> -- ulhcnvfsc modify nmortir�tion of the sums ticcurcd by this Securiry Instrumcnt by rcason af any demand made by thc �••
<br /> ��ribinnl llorro�vcr or Burr�wer',surcetisors in intcrest. Any forhearance by I.cndcr in exercising any right or remcdy �hall ��:_
<br /> __,v nui he n wi�ivcr uf ar preclude thc exercise of uny right or remedy. =`
<br /> _ 11.. !surcessors end Assl�ns Bound;Jolnt und Several Idnbilitp: Co•Si�ners. Th�cuven�in4s and agrecmcnGs of this
<br /> _ tircurity In+trument shull bind und benetit thc successors and atisigns of l,ender and Borrower, subject to the provisions of �'°
<br /> � I'�iru�ra�i��)lb). I3urrowcr',awcnunts und a rcements shaU bc 'oint and sevcral. An F3orrowcr who co-si ns this Securit p``
<br /> ! 1 8 J Y b' Y r}r;_
<br /> „� Intihumrnt but does not executc thc Note: (nl is co-signing this Sccunty Insaument only to mongage.grunt and convey that ?:
<br /> � f�unu�vct'.r int�r�st in the Properry imder thc terms of this Security In,tru�ncnt:(b)is not pa•sonally obligated to pay thc sums ���.�
<br /> ;� ,c�:urcil hy�hi.r Securiry lnstrumcnt:nnd(c)ngrces that Lendcr and any othcr Borrower may agrec tu extend,modify,forbear -
<br /> -- - ur tui�kc w►y i+ccommcidntions �vith regurJ tc� thr terin of this Sc:curity Instrumcnt or thc Nutc without that Borruwcr'ti
<br /> ;7 cu�tunt. _.
<br /> —'� 11. Nutleey. Any nulice to 13urru�ver provided for in �hiti Security Instrument shull be given by delivering it or by
<br /> ��y mnilln�: i1 hy lir+t �lu�+ niuil unlr,� npplicuhlc luw rcyuire� usc ot'anothcr mctt�od. Thc noticc tihall bc dircctcd to thc
<br /> `� {ha�wuy Addreu ur nny uthcr�iddre+y 13urruwcr d�+ignutcs hy ncnicc to Lcndcr. Any noticc to LAnder shall bc given by first ,
<br />-.`;� rl��,ti m�ul tn(.�ndcr'ti nddreti,,tatrd hcrcin ur any,�ddr��+ L.cndcr dctiignatc�hy noticc to Borrowcr. Any noticc providcd
<br /> ,�. ibr h��bi+ticr�oily In�n•wncnt tiluill hc dcemcd to havc hcen gi��en w Bc�rrawer ur Lcndcr�vhen givcn us providcd in this
<br />�•;Z p;ttj��!ri ih.
<br /> I� l:ovcrnU�k Luw; tievcrt�bflily. 'fhis S�c�n•ity In�trument�hc�ll hc govcrncd by Fcdcral law and thc law of thc
<br />;,_��_ �iin.ilictiun in«•t►irh�hc 1'ruprrty i�lur:tt�d. M thc cvcnt thut utiy provision ur clauxc of this S�cucity In�U•umcnt or thc Notc �,',�.
<br />- 6U17�II1'I�14SII1 U�1�lIIUIIIIC III\V,\Ul'II 1��110I11I tillilll I111I IItII'CI UIIII'C�ICUVItil0I�11)�IPIIS SICQrI�.}•Instrument or the Ncu� which cun �� �
<br />-ry.� H� �d►rn rll�rt �vilhuut Ihe runlliclint: pru�i�iun. To thiti �nd the pro��isiun� of this 5ecuriry In�trwnent and thc Note iirc
<br /> dc�lnr�d lu I+e�cvcruhlr.
<br />-��;�. l5. Dnrrowcr'!�(.apy. 13urru�vrr hliall hc Ni�•cn unc runtim;tcd copy of this Sccurity Instrumcnt.
<br /> � SA. Ati+lµtrmm�t uP ttenls. linrr��wcr unci>nditionally u.tiignti and tramfcrs tc�Lcndcr.ill thc rcnts anJ rcvcnucti of thc
<br />-�;�� 1'���p�ily. Hurro�+•cr nuthuriicti Lcndcr ur Lcndcr'ti a�cnt+tc�collcct thc rcnts:md revcnucs and hcrcby dircctti cach tcnant of �
<br /> ��� Ih�• !'�u�,c�ty tu p,iy thc irntti tu I.rndcr ur l.rnJrr's a�;cntx. Ho��•evcr. prior to Lc�ndcr's noticc to Borrowcr of Borrowcr's ��
<br /> lu:.nh ul+�np ru�cnnnt irr a};rc�mcnt m �h�ticcurity In,muncnt. Hurrmvcr shull collcct und reccivc all n�ntti and revcnucs af ;
<br /> �� Ih�� Ihu�►cuy u,hu�trc I�n•thc henrlil ut'Lrudcr:mJ Bu�rua�cr. 'I'hiti nti�ignmcnt ot'rents cunstitutes an abtiolutc astii�:nment �
<br /> . �.
<br /> , " ,m�l nul un a��llmntenl�i�r�idtliliuntil ucurily only. ;
<br /> _��.
<br /> ii i cmicr �:ia•c•n��iicc��i inca�i�i�� ri��ni��vc�. ilii nii tcni��c�civcu i�y ii.in���vri �imii iic iiciii iiy o�mowct a�i�u�ic-c -
<br /> "� Dn I�rnrlu ul (rn�ler anly, lu he �ippli�d tu Ihc ,um� ,�rurcJ hy thc Scrurity Instrument: (h) Lcnder tihall hc enlitled to
<br /> -,�• .ulh•�I unJ i.•.el�c.dl �d Ih��ieniti id Uiv I'r�q�rity:und lcl rach tcn.im uf the F'ruperry .hall pay :dl rcntti duc and unpaid tu �
<br /> I rnd�•r��r I t•nilri'ti�i�crnl�m Lcndrr'���riucn dcm�mJ tu tha trnunt. '
<br /> '..� H�+������rr (iu, n�q rxrruhd �my �n�iur u„i�;nm�nt uf thr rcnh and huti nut and will n��t perform any act that w�,uld �
<br /> , , p���rnt 1 rud�r� h��i�i r�iiri,ln�t��,ii�!hh�mdrr ilii�N,u•ngrupl� Il�. :
<br /> . I rudrr �h�dl nut hr �r�µwrd iu cntrr upun. iat�r cunuul ul��r muintuin thc I'ruperq• hctinr ur aflrr gi�ing nutirc uf
<br /> lur,nii I�i (lnnn���•r llm�r�er. Lrnilcr ur u �udi.r,dly uppointcd reccivcr may do so iR any timc thcrc i. a brcach. Any ,
<br />-' ,° ��p��ll�.��lw:�ut iem,,h,ill nut ruir ur��•ui��c uny dcfuult�,r invididutr uny��thcr right��►•rcmcdy uf LrnJrr. '1'lii�u„igmnrnt c�f
<br /> . . iriAl,ul Nic Ih�,�p�ily tihall Icim�n;ue��lirn thr�Icht ,crw�ed hy Ihc Scrurity Inru•ununl i,p:iid in full. '
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