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. . , �. �G .. . '-o - . . - - °'"� ! , .. _.._. � ' . - � ........:??:�.c� - - , ' ' ' ' ... �� , ... .. ., . �,_ -'.—_� .. -- . ..�, , ..-, -" ----- - . , ; , o � " -------- -- .t�L`2'.." ~ ' ---='1.,,,c,etr.- --- ----—— _— A1qL.��.�..— M _._. ._- ��. __._ _"_.___ . __ . __ . . . _. ii .. .._ ._ . , � ��''?"'�,Q41.n� prtnclpnl. Any applicuttan cif Qtc proccrds tu thc princfpnl ehnll nc�t cxtcnd ur Rusipanc thc duc dmc nf the rnonthly paymenw, which ure rcferred to in Pnrog�uph 2.or changc thc mnount of�uch puymcnGti. Any cxcc+s pr�nccdr aver an nmaunt rcquircd ta puy all outsturtding indebtedncss undcr the Natc Rhatl l+e pidd ta thr entity tcgidly cnUticd thcretu. 8. Pees. L.ender mny callect fet�artd chutge�►nuthorfzed by the 5c��:t;uy. 9. Groundv[or Aonekrntbn ot Dcb� (af Qetaul� Ixndcr muy.except ag limited!sy[cgnintian�issued by the Sca:r�tnry in tha curc oF pnymcnt dcfauit�, rcquire immcdiutc puyment In fup ai'ull s�mti�ccu�d by thf�Sccudty In�uumcnt iP: (i) Botrowcr defuul�s by failing to pay in futl any monthiy puymcnt rcyuirecl by thi.r Sr.�urity lnwmmnt priur to or on the duc dnte af the next manthly paymen�or (ii)Botrower defuulGg by failing,for n period of thiny days,to perfomt nny othcr abligaUons cantained in ehia Secudty laxtrumcn� (b)Ssitte Without Ceedtt Appmval. I.ender shap.if permitted by upplicuble luw und with che priur upp��vat af the Secretury.requtre immediate puyment in full�f ull the r�um.w�ccured by th�C 3acurity lnstrumcnt if: �i� pp ar part of'the Property.or�heneficinl intemst in n wst owning all ar part of Q�e Propecty, is sold or otherwixe transfemed lother than by devise or descent)by the Bonower.and (ii)'[he Propertx is nat occupled by the purchaser or gcantee uY his or her prinetp�l r�sidence.ar the purchatier or grnntee does so occupy the Property but his or her crodit hus noi boen approved i� accaMsulce with the nequirementc of the Secretary. (c)No Waiver. If circumctnnces occur that would permtt Lender W reryuire immedIate payment in full.but[.emder does not mquire�uch payment�.[.ertder daes not waive i�4 rishtx with re.spect to subsequent event�. (d)RegulatbtB oi gRJD Secr�etnry• In n►anY cIrcumstanc�reguladons issued by the Socnetnry will limtt I.ender'F dghts, in the cnse of payment defaults.to require immedtate paymerit in ful! and forectose if not paEd 1'his _ Secadty Inswment doe.c not authorize soxleratian or forecloswe if not pecmiued by regulutIons of the Se�.�r+etmy. (�)Mortgage Not Imured. Boirowet a�thut slcat+td this Sxudty[nswment and the note secuned thereby nat be el�gible far•insurauce under tlte IVationnl Housing Act wIthin 8 t�S irom ti�e • date hereo�E.ender mny.ut tt�opdon enJ nutwiQ�stand;n�unyth(ng!n paragia�ti 9.requine immediute payment in fuli of uU sums secured by thIs Security InstrumenG A written swte�mnt of any suthoriux}agent of the Sec�etary date�subsequent to 8 �ths from the date hereof,declIning to insur+e this Security Instrument and the note secur�ed thereby.shall be deemed conclasive proof nf such ineligibtlity. IVolwithstandiag the foregoing.thls aptIon may not be ex.encised by Lender when the unavnilabiltry of insur.utce is solely due to i.ender's failure to remit a morcgaga insumnce premium to the Sixrettiry. 10. Retnstatemen� Bomower ha5 a�Igdt to be reiastated if Lender hag required immediate payment ln ful!because of Borrowe�s failure to pay an amount due undea�the Nutc or this Security InsaumenG '[l�is ri$ht uppllc.w eve��frfrer forcc!�sure ptnc�eedings are institutal. To reinstate the Security instrument,Boaoaer siiuii cender in a iump sum nit umwnts�ydi�od to bring Borcower's a000unt current tncluding,to the extent they nre obiigations of Borrower under ihis Security Insaument, foreclosure cos�s and reasonable and cu.geomary attorr�eys' feeg und expenses property associated anth the foroclosure pmceeding. Upon reinstntement.by 9omower.this Securlty Instrurnent und!he abligaUOns dwt t[secur�s shall nmain in effec3 as if Lender had not reyuired imntediate payment in fulL However.I.ender is aot roquired to�it reinstaUement tf: (j)Lender has acce�►led reinstatement After the oommencement oi foreclosure proceedings within two yearg immediately preceding the commcncement of n cument foreclosure praceeding,(ii)reinstatement witl pneclude foreclosure on dif�'erent grounds in the fuwne.or(iii)reinsta'tement wiU adversely affect the priorIty of the lien created by this S�curiry[nshumen� 11. Borrower Not Rekas�d; �orbearance by Lender Not a Wafver. EatensIon of the time oY payment or modif�ation of amortizuHon of the s�ms�:umd by this Security Inctrument granteit by L.ender w nny suoc�sor m tntemst of Bomower shell not operate to release the IisbilIty of the ori�inal Borrower or Bomnwei's successor m inte�es� I.euder shall not be requiretl to cummence pmccedings og+unst any�uccessor in interest or refuse w extend dme�'or payment or o�lterwise modify amortiwdon of the sums secured by this Security (nsuument by rea.con of ony demand made by the original Bomower or Borrower's successons in interes� Any forbearance by L.cnder in exerc[sing any right or cemedy shall � rtot be a waiver of or preclude the cxercise of anY right ar cematy. • 1�2. Suca�sois and Assi�ns Boupd+Joint wid Several LW6ilIty;Co-Signers. The covenunts and ugreements of duis SecusaY�r_JnstrumeRt shall biad und�ene8t the suvoessors And asslgns of Lendes and Borrower.subject to the provisIons oF parqs�r�9(b). Bottower's covenunts and agceements shail be joint and scvernl. My Sorrower who oo-sigos thi�Securiry . [nst�rt�miettt but dces not execute the Note: (a)is oasigning this Socurity instrument only W mortgage.grant and convey tiwt � � � 8oirower's intemst in the Property under the te�s of this Securiry Instrumen�(b)is not personally obtigated to pay the sums � 'sec�re�by this Security Tnsuument;and(c)ag�ees that Lender and any other Borrower may a$ree eo eztend.modiify,foibear or make ony accorrunodatlons with re�ard to the term of this Securiry lnst�ument or the Note without thut Borrower's consent � 13. NotM�w. Aay notice to Botrower provided for in ti�is Senuity Instrument shall be given bg delivertng it or by . mntUag it by first class mail anless uppliqble luw requires use of another method. Ttie notioe sh�ill S�e dir�tcd to the � Property Address or any other address�orrowea daignau5 by norioe to Lender. Any norio�to Lender s➢�tiU be gtven by first class matl to Lender'�s address stat�d herein or any s,ddres.s T�ender designates by nodce co t3omower. Any ao�ce p�•a�vidal for iu this Security Inswn►ent shail�be de�med to have been given w Bomower or l.enl�tr avhen given�.s pmv[ded �n this arn h p 1�4. Goveratng I.�w:Se�erabSl[ty. This Securiry Inswment sh�ll be govemed b�Federnl Iaw and the law oF the � � jurisdiction in whtch the P�+opetty is Iocnted. [n the event that nny provIsion or clause of th�s Security lnswment or the Note confllcts with applicable luw.such confli�ct shall not affect other pmvislons of this Security Instrument or•�►e Note which can be�iven effeci withaut the rnnAicdng proviston. To this end the provtsions of this 5ecurity Inswment and the Note ara dec:lsued to be severable. iS. Bomower's Copy. Borrower shull be given one confomied copy of this Security InstiumenG 16. Assignment of Renta Bacrower uncondiaonnlly nssjgns and transfers to Lender all the rentw and revenu�s of thc Propeny. Borrower authorius Lender or I.cnder's ugents to oollect the rents and revenues and hereby d�rectti each tenant of the Prop�aty to pay the rcnts to Lcnder or Lender's agentw. Nowcver.prior to Lcnder's notice to Borrower of 8ortnwer's b:+cach of any covenant or age+ecment in the Securiry Inswment,Borrower shall ec�llcxt nnd receive ull rentv und revenu�of a._n., �.,«...,,m r..��,��..t't.•.u1�r n�ul Rcu�nwer_ 7t�ic n�iunment of mnts constitut�nn ahsolute�eciwnmPn� ....�...:��,....�.... M_____---- ------- -- - - and not an assignment fnr udditiuu�I ux�u�ity ou{y. If Lendcr gives nodce of bmach to Botrower. (a)all mntti receivcd by Bo:rower shnll be held by Bnrrow�er as avstee for bcnefit of Lendcr only.to l�e applied to the sums uxured by the Securiry Instrument; (b)Lender shnll be entided to cnllect nrtd rcceive ull ot'the rentc of the Property:and(c)e+ach tenunt of the Property shall pay utl reat�due and unpaid to I.ender or Lender's agent on Lendcr's written demnnd tn the tenanG Borro�vcr huy nut cxocuted uny prior acsi�nmcnt af the rentti�nd has not and will�tot perform any uct tt►at �vould pmvcnt Lendcr Crom excrcisieg itti sightti under thts P:uagraph I 6. L.ender shall not hr royu[red to enter upon,tuke cnntrul oF or maintnln thc Rroperty befurc or after�ivin�notice of brench to Borrower. Hawever. Lender or u judlctally uppolnted rereiver mny do sn:►t nny time thene is a breach. Any upplication of cen�5 shall nnt cure or waive any dcfuutt nr invaU�late any other right or rcmedy of Lender. 7t�i�assi�nment of rents of the Froperty shuq termtnute�vhcn the deM securcd by the Security Imtcumem i�paid in full. - ryui¢r.t�)J�t��re I