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<br /> _ �,t `' �, . � f� ?. Cond�ttoa. '3be Qmoeeds of any award or eTaim fbr da�a�„es.duect or ooaseqt�ential,nn o�aaxioa wid�aay � :
<br /> ,�.`< r '< aonde�n��ori az ottier ta�ag af aay patt of the fhugzriy.or foz wnveyaacc in pla+oe off ca^-�!Q*•,-^-�*on.ara herebya��d
<br /> � . .' aad aha11 be paid to[�ender w the exteat of the full�ount of the iadebteafa�s that��;•�a unpaid uader dte Note aadthis � (,
<br /> .�.: ,.:..:.` :. • '
<br /> .�.,;���� g�c�ity ,men- Lender shall appIy s�ch pmceeds oo the reducdoa of the inde6tQdness uri,der the Note aad this Securiry . ;
<br /> ,. '. ` tnc�n,m¢„c first to aay.deGnquent amopnts appl�ed in �SZe order provlded in Paragraph 3.and rhen tnp�epayment of � ��`-:;
<br /> . , .''��.`'��� . ' principaL Any apptir�oa o�the pr�oeeds tn ttise pdncfgal shatl Qot e�tead or postpons the due dare of the montb;y , ,. .
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<br /> . paymeais.wEuch ete refared to in Pawg�6 2,or cbango the nmount of sucd payacents. Any excess proceeds ovee aa ,
<br /> amount requi�d to•pay all autst�ading iadeb�Qrtess uader the Note si�all be paid to the entitY[EgaUY em6ded thereto.
<br /> � � � Leac�er may►tali2rt f�s u�dnrgcs�az�.ed by fhe Serretary. -
<br /> - . <� � 9 Geuat�s fos Aeoelesa3ton of Q�L
<br /> ;�. ;••� (a)D�auI�. Lend�may,except�.s limited by negulatians issned IsY the Sestetar�r in tRe r�ase oF�aymeat defawits.
<br /> �� `�� � require immediaL� m fuEl of aIl s�ums sec�ued by this Seauity Iastrument if ;
<br /> ` _ _ . t7 ��Y � Fa�►_• 9 �Y P� � Y �LY P ,
<br /> `'' � Botmnrer ts b failin to m fuD an mon nt b this S r��r�,�•,t rior ;:.`�
<br /> ,. , tu or on the due date of the next mamth�y Qaymen4 or ^
<br /> � . (n)Boamwer defaWts by fa�ing,for a periad oYtiauty days,w peafaim aay other obligations contaiaed in this � _
<br /> , -� . ��i�r Insdrument ���
<br /> . ��: . • . (D�SaEe W�aut Cr�dtt Appioval. Le�der shaU,if pemritted by lica�te law and witb tlt�prior appraval of th�.
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<br /> ' . •:`r S�ry:teq�+e immedia�ep ayment in full of aU t6e su�secured�this Seauity Insommeat if:
<br /> . men � ::
<br /> �'•��`�' .� (i�All or part af the Pi+b�erty'or a be�efiaal intraest in a uust owning a11 ar part of the�uperry.is sol�bi � '
<br /> - �� , othen�ri�e oransfemed(other- thaa Ery devise az desceat)fsy the Borro�rer,sud �` '_
<br /> ,>� � (717ta Pimp�y is not oa�pied by the gv�hasta or grantee as his or�er prineipal cesid�rnc�or t�e pu�haser '"
<br /> ar grante� dfles so oa:apy the Pmpeny but i�is..or her c�dit has`not bexa apprav e d id a.o o o r d a n o e -,�_
<br /> ' . � with the c�eqn�meats of the ' ���w
<br /> F,L. , (c)No Wa�e� If cacamstanoes�wontd�rnmit Lc�der w reqtrire imuuediaie paya�at in fa0.tiut Lc¢der
<br /> `< <'��:�:I'- . , does nnt�tequine such lr�der does not vs+a�re its rigfits wiih cesyett to snbsequeat ev�. , .;��',.
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<br /> ;.�.:� : - ..'.• <� , (tn RegaT�n�s af S�y ln many circumsmnsas n�alafions issaed bg+the S�ary wll limit I.ende,f s ,"_
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<br /> . �..-._._..r� , ._._.. . .. .. . �6ts,..m.the cass Qf.�PaYment_�'efaults..���uire.ifuamediare�Ym�eet.�ro d b nd.f.o=egatati_rec.eto,n�s f�e S� � .
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<br /> ' ' , ' Secauity ias�uiaent not aut�ome on ar o�ecios�e n y o eccetary.
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<br /> � .. �.�� (e)1lQorig�ge Nat Ia�L Baimw�agi�s tbat slmnld this Seauily Instn�meat aad the avte sea�d dt�eby not , --
<br /> .�;,�� be elig�}e fos msua�ce aaderthe National Hausing Act witbin g �g ' fmm the �:=.
<br /> _ _:,� , da�hereo�I�ader may,at it�optian and nat�vidrstanding aaything,in Paragtaph 9,requite im�mediate PaymeaA in ��:
<br /> .. �,;' . . � full of aIl sums-s�by t�is S�y Insttumeni. A wlitt�a staLemeat of any authori�ed.agent af the Sea�a�yr ��:�
<br /> _�'^ , . dafled subseqae�t tn � _8 frona the date haea�declia�m�to insace this Seca�ity . —
<br /> .�`':��� ` ;.: Instru�nt and the note s�A��y,shaD ise deemed oanciusive proof uf such metig3�ity. Nonvithstaadiag —
<br /> ' �`f�± t�e far�going,tiris optioa may not be exercised by�dea whee�th�unavm'tab�lity of msuQance is soIely due to -_-
<br /> ,.,;. ::.�.:� •�.;rri —.
<br /> �, Lend�s faiim�tr�remit n mo rt,g a ge:nc„ra„�p r emium to the S�c r e�r.
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<br /> ,� , . .'>s? 1� Reinstat�a�L 3�otrower has a ri g ht ta be minstared if Lender has reqased immpAia P payrment in faD becausc of
<br /> ' �w^..,,..�.� ,�;,�;t' . Basra�r e r's f a�to pay�amnunt d u e vn det t h e Note or r h i s Secnri ty I n s u u m e n t 'I h i s ri g h t app l ces even a t�u forec losvie �.t--
<br /> R:_:::i,: �._�;". pnoeedings a�inst�aned. To teinstafe�th�S�ity Instmment,Borra�ver shall tender in a lump sum all amouats�quued w
<br /> ` bring�orrowd s as�tmt cmneat i�d"tutiit�,W the exuat they are obligations of Banawer ua�rr dns Sec�ity Inst�aent,
<br /> ._�; �-�:. , _�.�.,,
<br /> �•�"�:.�;`•�r:�:. Wiectasare costs aud c�tsuaable ��r,,�tnm�y attomeys' fees and expanses gropesly associated witD the foreciasure
<br /> `;'�-:`�'y';;".• pmc�ding. Upon c�i�spi(i�cent b �Qrrower,this Seeanty Iaswraent aad the ol�tians�ai it secaues sh�31 r�ain in
<br /> ', ;'� •': effect as ff Lender haG atiC:�imiPEdiate.PaYment in fuD. However.I.eader is uot ceqaIIed to permit •���,*p*r±a�t if:
<br /> .�''^'°�'•"•�� ��'%`: r)L¢a�bas��';�t�state�zedt��'t�te wmmencement of fm�aclosuue proc�edings witbm tws�years irmm�ly
<br /> -�?�K"-�''' : p�'��+�t�ir,:�+m�z2.s�ent,Af a rast�rt:•forec1ositre�� _fr_'�__teiastaiement en'[�.Qreci��fnrnctncn��diffec�t =
<br /> �,"r��.���`� :.:: ,;f�-;i}' grouads in U�e�'�t�ax,C�i)rein. wiD adve�e�y a�ect the�rianty of the lien cc+eated 6sy t�S�nry Inst�ument '.
<br /> � =���', 1!. BGre+awe��%:�sed: Fo oe.�y Lc�der Not a Waiv�: Bxoension o�the time of paymeat or
<br /> ��. �atifca�ion of amo�ti4ia of the sums sesured Dy�Wi�SecUnty Instrument granted!ry Er�dea to aay sacc��or sa in�est
<br /> _ of Bomu�ver sha11 nat a�rr�ttite to re2ease the IiabiEt�;.of the arigmal�orr�wer or�wds saa�Essor ia uUt�t I.end�
<br /> - shaD nat be w i�mmence��yn gs agamst any'saooessor in•int�est ar tefaso to eatead time for p or
<br />__.���'�r����� atbetarise modify�orbr�don of t�e;K�ns s�ed 6y dus Seauity'In ,,•�,t byr masoa of any demand�the'
<br /> :...;;,;�?� ari�ginal S�mswer or Banawe�'s sacoc:gsurs in.intaest. My foifiearaace by Leader in ex�g m�y rigpt or c�y s�aii
<br />- _;��,,;_i,�� nat 6e a waQVCr of ar p�the exencise of any aght or c�/yf.-�r y�
<br />-- =-="r�'-`�-Q'�:1. �Z+ SUCCCSFAZ'8 aIIfli 1�t8 BOIIA�f l�t��Y�L�DILL�f C�+�P�9.�le�OYeI1�LS����llt4�f�L4.
<br /> . �r' ,.� `
<br /> �`l.,r{s. Serniity Ins�rument shal��iiaA aad benefit the suooessots and assl�ns of Lender aa�Boxmwer.sabI'ect w the prnvuu�ar�s of —
<br /> < . Fart�rap�9r(b). Boaowes's covenaata and ag�ts sball be joint aad several. My�oYrower who co-sjgas this Se�nity _
<br />'���`� . , • Instruu�ent 6ut does not exaute tbe A�C�; (a)is c�assgning thlS SC�iTitjl Tncfmm4*�t 011IJ1 t0 m0 g��ant aad eanvey that --
<br /> �`�;r� Banovrea's iutearrest in the P�vperty aa�t'c�t�Ze terms of tbis 5eau�y Ittr�ua�en�(b)is not rt obygated m pay the sa�c . -
<br /> ��_«+,�. �, :_,
<br /> `'�.T: ,w ; f� secured by d�ts S�tniity Qnstraraen��ft,{aa ag�ees tLat Leader aud auy:o8ier�omawermay�tgrce to exund.modifY.farbear
<br /> �,.-���:'-i: or make any ascam�adafl�as with•�gartt to t�e terms of tltis Seciuity tnstsumeni or the Noie withaat tbai Bmmwds _
<br /> .,,�:�.s,"' �CO71Seni • , � . _; .
<br /> ;�„?� Y�,�� .,j � � � Natkx�.'Anp ira�ice to Batmwer pravid�far in dus Saauiry fnstrument sball be p�iven�6y del�oi�ring it ar by := -
<br /> -` ma�ing it by fitst class mail ualess ti�able 1aw zequ�es nse of aaather meihod. 7i�e nottoe shaD 6e directed to Qte
<br /> , . app e
<br /> ��'=,': ., . ,`, RopeRy.Address or any other addcess I 3 orrower desi�by notice to.Lender. My anfice to�dea s l�a ll b e g i v�b y f i r s t •`,
<br /> , .,..,��_,__�,.,, all �::
<br /> �:,a�: cIass matl tn Leadca's address stared E�in or any add�ss LeQdra desi�as�hy notioe to Bon�wer. Any'ao' psovided -
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<br /> ;�: •.� �� f o r i n t t�i s S e c u r i ry'I n s n u m e nt sball 6e d e e m e d w 6ave been g i ven w�o�ower or Len�der cvhen g iven as p mvide� in this , ��-•=
<br /> ��;` , . .r p 14. Goveming Low;SeveeaDilIty. lbis 3ecuriry lnstrument shall be gotir�ned b�r�al taw�nd�e facv of the `�ii�
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<br /> :,,, : , jurisdiction in v�fuch the Pmperty is toc�ted. In the event that any provisron m ctause of th�s Security Iasttu�t or tIle Plote � ��.,p.,
<br /> .� � , oonilicts aritD appttr.abie tar+.sucb oonflia sball aat affect oiher pcovisions of tLis Secariry Ins�urneni or th9 Note whIch r,aa �'��•.
<br /> �='� . �gven� effect withavt the oonfticaing pmvision. 9'o this ead the provisions of this S�urityr Insmimeat aIId the Note ase • :
<br /> -T�;� , decIa�tn he severable. • ��:
<br /> �. • •• 15. Borro�rer's Capy.Borrowers6all be givea�one coniormed oopy of tfiis Secunry Iu,tiument ' ,`�r�,:
<br /> � . :.`.` : � !' 1� A�meni ot Itmis Bmmwer uncondirianaRy assigns aad traasfas w Lender a]1 tfle renu aad revenues of the
<br /> ��. :
<br />��•_�:.`..:,.°•:' Bormwer cuthosius l,eader or Icade�s agents tn colleex dte r�ts and rev�u�aad hemby di�ects ea�h tenant of
<br /> y;:�'"�'.� ::�;�:., • �ta pay @e reats m lender or L e n�e f s at;ents. However.Prirn rn l e n d e r's nati�e w S ot�wer o f Boitaw¢�s .'
<br /> "�" . 6reach of asy wv�mm�t os�me nt in,[i�e S�uity lamumm�Bomnwer shall wliect sa�receive aII eents end reven¢es of ,
<br /> '-��=:.� ':,...�'. .� Qte Fra�erty as austee for�e benefit of Lender and Bosow�. 'Ihis assigament of cenu oons6tutes an n6solute assigament
<br /> .} .' nnd not un assigataeat for additional securiry anty. .
<br /> if i,endga gjves noflce of 6�cb m 8oirower. (al all aeac�reoeived by�nrrawer shall 6e�eM by Bomu�ver as trustee
<br /> �:� . .. far 6Paefit of leader onty.tn be applied to t�s sums s�eeumd by the Secwity Instrumen�(b)Leader s6all b�entitIed.tn
<br /> ,.'� � eeltect and reoeive ail of t�e tents of the Ptoperty:oad(c)eacl�Oea�t of the Propstty shall pay all rents d�e a�d uupaid'to
<br /> - ., Leader or Le�det's agent on Lende�'s writteo demand W the tenant s
<br /> B�sa�v�hav aat executed aay pri4r assip,nment of the ren�and 6a4 not aad cvill not{�rfmm any cut that rrould
<br /> �� � . ' pre�•ent Irender from exercising itc rights unQer t�is Paragra�h 16.
<br /> , • . .
<br /> . .�•. ,. . l.ender shall aat b�required to enter upon.take rnn�n]vF or maintivn the P4rogsrty trEfore or efter giving aotice of •
<br /> '_- -- - _- �re�d►m 8mruuer Etamev�,-Leadet�a Jicdiaaltp a�pminted receiver may do so mt any 6mc t�.ete ic a hr�n�N. Any
<br /> �. ' •' upplica�on of rents s6flll aot cure or w�ive any default or wcalidate any other right ar remedy of Lender. 'ihis assignment of
<br /> , , • renu o€th$Pro�erty sLaU t�minate c�hen dte d�bt secured by Qte 5rcunty lnswment is paid in fuU. .
<br /> , . . �, • rPagt j oJ1 pqqss►
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