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<br /> .[( .i'y` �� � � $�-:',
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<br /> � `��`� ,` � 7. Cogd�uta�ln� '�e pmceeds of assy nward os clal.m for d�a�es,disoct ar wn�q�ent£sil.�n cnnnecdon w[th any =
<br /> �' <s .' ` ' cors4emnatiap o�fltte�r tnking of any part of the F�np.nry.oi for coaveycrose in pIuse af co:tda�nnaHon�are 6ereby as�gna! _
<br /> � � �. • and s6ai1 bx pai�to t�eader w the entent of the fu1!nmouat af tpte�Wcb�edhess that renudns un�aid under ttie Note and.tl�is =
<br /> ' Seruriry lnsuument Lender s6all ePPtY su��raceeds to the reductian oE Me indehtedttess under the Note and thi§S�c�fy
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<br /> ' � - ;' `•'� '. Insuumen� first ta any.delinq�ent uiuouats upplied in the order pmvided �n Purugraph 3. nad then to,prepayment of. �
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<br /> ", ?.4,, .``. pri.acipnL Finy�applicatsan of Qic to the prIncip�l s6all not extend or postpon�tne due date of the monthly �;
<br />_'" -_-- :` .. -1;-.� pa3►t��►t�r:whisfo azo nef�ared ta In P�h Z.or chtus�e the amnunt of s�c6 payments.�Aay escess pmceeds over�n �.
<br /> . . aaiouni required�topay all outstanding indebredness under the l�Tote shafl be pai�w the enttty tegai�Y ea6t3ed�o• _ .
<br /> ,�: . , g;.:iF t.�.�tider maY wll�t Kess aad cl�ges authariud by th�Seaetacy+- , �
<br /> `�`:[,,�,,..� �;�tfarl�aoeL�ratlaaofH?rb� -
<br />".:.,,z=T�.1'�.�°��''. •�8J Uefau1L ixnd�r may,ekcept�limited try regulations issued 6y tho Seczetary in t�e case of pa4yment defsuIts, _
<br /> . , , - . requic��pay�ent in full of ell sums secumd by diss Ses�ulty Iastmment tF . . —
<br /> (7 Barcowea defaul4s by failing to Qay in full any montWY PaYm�t mcluired bY thiC Se�may Iasirlment prior . -
<br /> - : ��:'N`�;.'' ro os on the dae date of the next montIajy paymen�or orm an othes abli ons c�ntained ia this � _
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<br /> ('n7 Boao*c�ver defaults by failing,far a peaiad of tbirty days.to pe�f Y � _
<br />... � �1•�:: ..,r'.,' . S�LL��. � —.
<br /> . _ � (b)Sale thout Credit Ap�t�rovaL IRUder sh�11,if permitted byapplicable iaw and v�th the paor appmval of the =
<br /> ;�,��:' , - • Se�emry t�Immedi�paY�t in foll of all the sams seruced hy t6is SccauitY Iustrume�t� =_
<br /> ` , ;�::': (7 Alt or pa�of the Prup�ty .Ls sold ot _
<br /> ; '',�'•., .. i .• .or a 6enefccial interest in a t=nst owanng all or p�tt of e�e Fmperty`' _
<br /> _% :���f; ..;-.,�. ottterv�ise tiansf�+ed(othes tfian by devise ar descent)by the Boseower,and
<br /> �. •..�.::<�,�. (u�1�e Pmp�rty is nat occapiEd by the pucchaser�or g�antee as his°r her pr�nclpal re�or tfiepurchaser
<br /> ,:�� � :,,< .�_.. QF g�ate� does su oscapy the Property but his ar 8er aedit has aot been x�groved in �ccurdaace
<br /> : ;.�;!�. witbt�ae c�q�ment�of the Sec�mry+� I.end�r ro require imm�diate�ay�i tn fu11.6IIi D�ead�
<br />; .;.... ,.�:�•. �; n�d��
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<br /> �� ...°c.� . ,f,�- (c)Na�Ye3rer. If circamstaaces accur t� _.
<br /> �.`;` ,,'- --'° does� ' sach' Yments.Lendesd�s warve' rig�ts wiQt ��w�as ••- .
<br /> __ . __. , �
<br /> �..�� •,,,,.,i._ � ...... ... . - ---�� '�� -- -�y���� - -- - - - .
<br /> . . '�s�
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<br /> � . -b9 ecr�'Quil�.Wnit Lenda's ��.
<br />-. -.. -:;;L. � r , �ghts+��e of payment de�uhs. to re�ire . - �aYmeat m.full and fore�Fcx� f�►eSpaid. 'T6�s .����'„�.,....
<br /> ,.`:�:� ' � SeaQaty lnsuument daes not authonze aecelera�on 6s foreelosure�f aot perm�tted by r�gu(auons o �y, `=" `
<br /> - - z�-' (e�Mostgage No4�sam3. Bono�agrees 8�ai s3ianTd this Sec�ity�4 and tlie�iote sccured e��.�sy ttot- . . -
<br /> . -
<br /> ., .� �. -•---
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<br /> � .. .• .�,i, . • . . - �
<br /> - -,:,;.. ,� be eligble for�asurance un+dea tbe Nationai Housmg Ac,t wrthm � It1Dnt�s �`��:.. _� �
<br /> �� � - . .date h�reof.Lender may,at ifs upuon and aota+ithstanding anyt�g in Par�grapl�9,req�mm��°�;� ,:'�
<br /> =', ' :��,,. .��' � tall of a11 sums s�cu�ed by this Securiry InstmmenL A writtere s,i�ement of any authoriz.�E�nt Qf td�:5�cr�+ . : ..:
<br />-``"�'�`� �.',efy.y dated subsoquent to $ ti�ont,h8 'fr a m t b e d a t e h�o f,d e c l i n i�g't 4 m s u r e t E�.s��n r i t y ��;.
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<br />:,f�,,,;,�,.,.. ;�:,°, i n s t t a m e nt and the nate secured thenb y,st�all bs deemed conclsuive pruof of snsh ineligi'b�ity. Nota�standin
<br /> ;r�" �?�� ', ` „�' � . , the fctie,�aing,[his opfion may not be exer�is�d by E.ender w�n t�w aaav a�3�ity o f insuiaace is so i e I y d u e t o . �
<br /> .• � �
<br /> . �- r� '�.r:� � � Lende�s¢ailure to eemit a mo�age ias.nance premiuin w the S�ecr�tary.
<br />.,.:,;d,•_��� ��',;^�:. 10 R,eiaststem¢nt Borrower has a n�t w be reinstated if 1'.ende,r has required immediaie payment in full6eeause of
<br /> ."-�'�','��'�`'��'� Borrawe�'s fa�u�w pay an amonat 8ue under the Note or this Security Insavm�t 7�is rigi�t appties even aftet futeclos�re
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<br /> -- ��;._��;�� p�oeedtngs ar+e.insdmted. To remstate the Secarity Ins�ument,BoYrower shaII tender in a lump sum aII amaunt�req t4
<br /> __;�:����-i-�;r.: ' bring Bomowe�'s acAO�t ctment iacludtng,to n'�e ext�nt they are obb�adons of Barrocvpr tutder tL�s S�urity Iosnnmea�
<br /> �T-�•�� ''��. fo�eclosune costs and �easanable and customary attomeys' fces and expenses pmperly assoFiated with tha fonclosute
<br /> -;r '-_1)�L.�y tlils S ryInsU�ument and the obtigations tMt it seeutes s4�all r�tnait�in .
<br /> •:�:�.� :�:�,-; . Pruce�in , Upost reinstaiement by Botrower. n
<br /> ._ :�`"-��'—!� e�fect as�I.ender htid not required im�dtate payment�in full._fYowevei,Lendes is not a+eqwred tn permit reinstat�aent�
<br /> � '.�.G��'}� (7 I&II�CT I1�73 80CCp1�.teiDSfdLGABIIt BRCI Q16 COAIIII?�CCInCAt Of f6Ifx105111�[fTU0B2�1Dg9 W11�11A NYO�fC3I9�11E�OCIjI-
<br /> `_� ���� psecedin�the commeacement of a cunent forectosu�pmpeeding.(ii)reins�atement will preclude fomcIosare on different
<br /> -�=�"`r�� � ands.in the fuwire,or Cu'�rainstatement w�l adve�eiy affect the prionry of the fien craud by this Security InsirutnenG
<br /> - _������ � li. Bornnwer Nut Rel�.�; Forbearanee by Lender Not a Wafver• Eatension of the tim� of pa�ya�ent or
<br /> - -- = modif Cation of amofization of the sums sccured by thig Securiry Instnus�ent granted by Lendra w aay sucassor iA inte�est
<br /> ------ ' , o;Borrowet sDai�not operate ta release the liab�ity.of the arigu�al Sorrower or Barrawec's sucdessor ia intt�st. Lmdrar
<br /> - -- sLall cwt be to cammence Qmceeatin&s a�mnst any suocessor in lnteaest ar refuse to�x�ad fime for p t or
<br /> __--__�� ot�ervnse mod�ost�llation of•the sums sec�ed by th�s Security Instrument by;easaa of anq demaRd � By fhe
<br /> -::�_==�..��� arigInal garrowes or Borrawex's successors in int�st. Any forbearaaoe by Lender m�g�Y�t or nmedy sha]!
<br /> --_-�;g� ' aot be a waiver of or gnclude the exercise of any rig6c or�e�edy. ��� .�e�yenaacs azia agc�esnenti�of mis
<br /> ---�:-,-:�� � I2: Suo�SOrs and�ssigas$aund;dotnt and 5everal L(ab�lit�s
<br /> ��:,�«,��,:r�� � •S�iriiry.Tnsrn�ttt shall bind and benefit the successois and ass' of&eader and Borrower,sub`ect to the Qrovlsians of
<br /> ...�._.���:,�.� ,
<br /> -.____-._:.�� , Pc��#aph 9trs�..�.Rnrmwe�s covenants and a�eemea�all be jo t an�t seveaal. Any Bo�ower w�o co-signand eonve��a
<br /> -�_..:_.:_, ISn.�meac b�t a�es not exRCUte the Noto: (a)is casi gt1us Secariry Instsument only to mortgaS�,8� Y
<br /> ���'� Eairower's in.erest ia the Pmperty under the terms of this Secutiry In.stntmenx(b)is aot personally obtigated to pay the sums..
<br /> '_--��"";�-`:`� sectued b3+thas Securit3r'insWment;aad(c).agrees that Lender and any other$6irower may agres w eictend,modifY•fofb�r
<br /> �,r�_�-
<br /> _--� ,�-�•_� t or t6e Naie without that Borrow�s , ,. ;
<br /> — _ _-��? or mnke any n�miaodations witb regacd co the terms of tlils Securit,;!�astnuaea , . .
<br /> _ -_�.�`=�;�,:��.�1`� .. consent � . � ` 4 .
<br /> -_-��,:�;�,� 13. Notia�. Any nodce ro Borra�x r.�avided for in this 3��&nstrument shall be give4 by dell�erIng at or by
<br /> ��„„:,�„o,s;� ma7ing it by flrst class mail�nIess IA�:sYe law requ�es�use of�yother method. 7he notice shall be directed to the
<br /> __:_-��^�� }pt�p,ertY Addmss ar aay otF�ea address��rrawer d�esign�v�ii j no�ce to Lender. Any eotiez to Lender shall be gi�+reai by first �
<br /> - -`y.°�`;� elim.>Ynail to a.ender's address ri�ated herein ar any address Len�er desi�ates hy notice to Borrower. Ikny notio� vided
<br /> :��; �i�c�ia Qris Se�r:lit3+insuatnent shall be d�sked to have beeu g�ven to Hoaower or LRnder when given as provi�in thLs
<br /> -���:,,_�:s,�..;�� para�aph. `� �'
<br /> - : � �14. Ga:� I.aw;�eve�6ilety. 't'his Secutity Insuvment�.:ll be govemed bY FeQeaa3 faw and the law o.t the� .
<br /> ��'`��`R• '-�'.�'�°. jwisdicdon in wluch the Property is located. In the event that any provision or clanse of tWs Security Insuument or the Note
<br /> Y�'�' " °-�� oonflicts with applIcable law.such�conflict shaU not affect ather provisions of ttus Security Insuument or the Nofe.wLirB caa
<br /> ,a s.�`�,'�. 60 'ven efi�Ct�+nthout the confTicdn�provision. To this end tfte provisions of this Securicy Instrument and tue Note ste
<br /> ��';-;.,'-' : dec�ed to be severab2e. •
<br /> � �,'��'�'� IS. Borrawer'a Copy. Borrower shaU be given on�aonformed co�y oF this Sewrity Instrument
<br /> -«�'`:..;�.�� 16..Asslgnment of Rents. Batroweruncondiaonally a5s��ns and�uansfers to Lender all tbe rents aad revenues otthe
<br /> .�: `� �••_, ;:'i. " ProFertY. Bortower authorizes Lender or Lender's agents to collect HiG�nb and reven�aes aad hereby direets each tenant of ,
<br /> • L.:;��„�Y�..,� ,the Ptoperiy to pay the reats to l�nder or Lender's a�ents. Howeve'r,�pdor to Lende�s notice to Bmrowes of Bats�owef s ,
<br /> :�.�}{'�::.. . ,��, isrrach of any covenuat or a t in tne Security In�uzaent,Boaawer s1�a11 wlic�t an8 receive all rents and�+evenues o� ..
<br /> �''r1:�i�';t}' '� . . ' °.t8e Proge�y as trastee for e beaefit of Lender and BarnsGyer. 'Ib'ss assignment o7 rEntg cons6tutes en absoIute�ssi�nt
<br /> ,__;:�;=!�;wi;,�.,�,�. . �aadnotanassignmentforadditionalsecurityouly. � . . . �
<br /> -�: . . ,: ,,�..4 �. If txnder grves notice of bieach w Boaower: (a).all re�ts re�eivcai by Borrower sha11 be hetd by Barrower es t�vstee '.' :
<br /> `:_-'.'.�� . . for tenefit of Lender only.W be applied co the sutris secsred by ihe Secunry Instntmenr, (b)1.ender shall be enfitted O�i.,, ,
<br /> �;�:;� ' . epllect an�receive all of the rents of the I'roperty;and�,�c�each tenant of the Property shall pay all rents due and unpaid to
<br /> ::,rn;{,�;; • : .� �.
<br /> �•.,:,:-t�. L¢nder or Lender's ageat on l.�nder's written demand to tfte tenant
<br /> - ' .�' . Barcower 6as aot executed any ptior assignraent of the rents and has not and will not perform any act that would _
<br /> - - -- ----.--.- p�event�ender from exercising its rights under this?aragaph 16.
<br /> .'�.� .� Leader shaIi ua�t be re+yyuircx?�tv ente�u�ng.taae coatml csF ar t�ia�in tite P'm¢��6efore or��ter giving nntiee.n�, _� _.
<br /> u� r
<br /> bceacb to Bortower, However,Lender or a judicially aypou►ted receiver mey do so at any time there is a breach. Aay.,:�
<br /> m
<br /> _ � � � ' � . � application of rents shall not cure or waive any defaalt or mvalidate any_other right or remedy of Lendev. 7bis assignment a�
<br /> . .. hnts of the Property shall temunatE whea the debt secumd by the Secunty Instrnment is pu�in full•
<br /> • ... (Page 3 of 4 pagea) .
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