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.�..�::i_��}�s�wr�'MF . . ,.. �1'��':(• . . . l -��f n�-�. .. -....T.. .` ,� ..;,�1 5TM'�K ,..i . . .a. +71t T riAl�F'a�� H�•...r_ .._�{_..�.Y�t�i7.k�t.�.H�. t .� I . ..a el��^r1�*fM'nYre..��_ M $� ,,�y�, C t' { +�"�`:"i.�=.: ��+•r� _.� _ i ' ,. . .... ... - 1 S1. ,• . :�. " n �, �.�' :.. '��R,i�iz— ��q.'.�rr,. . .�� A'-- . - . � .... . •.."+�i " L.n4q+)A+'jtN1J'i°firw•INRi+r:.�." - .-�-'_l�:.�c:;r'�.__. . . .�, � , � . , � ,.�_ • �.. . . •�--�--- � '•�s�i.s.._.........�_r..�..�.,.��.:._-'-`-L��.:----- ._._... __—___--._. zsaw . .. . .__--_----_..--- ��V.'!'�� __ IC�1 _ .. . . . . . _ _ .. . . _. .^ - . -- - - � ��_. RE•REGORBE� �: ` � 9�• �,0�5542 i:9�� 1G ' - 7. Condemnatton� 'llie prooeeds of any award or ctaim fap dnmage�.direct or consequendol in connect on w�any condemnadon or other taking of any pnrt of thu Property.ur for conveyonce In place af condemnut�on.are hereby agsigned and shail bc paid to I.ender to thc eatent of the tLU amount of th�indebtedness that remalna unpuid under tho Nou und this 5eettrity inqtn�mev�t. [�.m�er Rhall upply such pra�ds to the reductlon of the indcbtedness urtder the Noto and thia Sccudty Inat�umen� first to any deti�quent nmaunts appUect in the order ptavided ln Purugruph 3. und then to prcpaymcnt of � principat, pny appllcudon of tha pmcads w ttse pdncipul ehall not extead or postpona the due dute of the monthly pnymenta which are referred to in purub*mph 2,ar chunge the a�nount of such pnymentx. Any exce.�.w pmcceds over an erao�t Fe��Ilnder�mnv cuo�u df��and ch�ar8 g authodzed b�the Sec�m�to the endry legully enNtted thereto. 9. Gm�nds for Aei�eteradon of Uebt� � (a)pet�nt� I.ender may,exapt na limiceQ by nguladons tasued by the Secretary!n tho cuse of payme�t defnulu+. require imme:iiate pa nt In tull of all sums secured by tl�s Securl m nt�uired by this Serurity Ingwmeat pnor � (t)Borrower de ault�by faiUng to pay_in fuU any montblY P�►Y �4 to or on die due dau of tho next montbly pnymenG or (ii)Borrower defaulta by failing.for a period of thirty dQys,ro perform nny other obllgadons wnta{ned in tbis S��ry�"s�'�A1' ap llcable law and with the or n roval of the (b)SAIe Wlthout Credit Approv�l. Lender shaU,if pem�itted by p P� PP Sxn;tary,requine immedlate payment In full of ull the sums stcured by this Secudry Inswment if: oi��rwtsa�sf�(otha t6aa�bY de�se rn de�.scxntj by dte Aorta��d or p�rt of We P¢operty.is suid ur 4 (ii)The Propecty is not accupie�by the purc baser�s a�ha�credit rdes rtot been approv� in ac�rdaaca or grantee does so occupy the ProPeriY with the nqnirementa of the 5ec�mry (c)No Wairea If ctc�cumstances axur that would pennit I.ender w t+oguire inunecUate payment in fui4 but Lender does aotteqWte such�ayments.Lender does not waive its righta with respect to subsequeat events. (d)Re�ulstMna ot EiUD Secntxr�'. In meny circumstaztces tr.guledons issued by the SecrctazY wW Utnjt�endet s dgd �n the case of payment defaults. w cequice imme�inte PaYment in full atd fareclose if not paid. 'It�s �ty Instivment does not author�Ze acceleration or foreclosure if aot pera�iuod by regulationa of Ihe Sa7etary. (e)MortgAge Not Insored. Boirower agrees that should this Security Instrument and the nou sxun,d W�m a�ot� be ellgible for insurance under the Nadonal Housing Act wtt6in g �� date hereof,Lender may.at Ib option and aotwithstanding anytbing ja PtuagraPh 9.re4uire�nunedIate payment ln full of ell swns secured by this Securiry Ins4vment A wrlaen statemec►t of eny authorized ageat of the Scccetary dated subsoquent w 8 �oAtt�s fmm the ctnio t��oF,deciitsiag ta f�shi°S�uiiy . Insuument and tbe note secured thenby.ahall be deemed oonclusive proof of such ineligibiliry. Noiwtttismnding the foregoing,this opdon may not be eaercised by Lender when the unevailsbil►ry of fnsuranoe is solely due w I.ender's ftdture to re�nit a mortgage�nsuranoe pmmium to the Secretary. 10. Rdasfatanenf. Boaower hag a right to be reinstated if Lender hAS reguired�to payment in full because of gd�tpwre�a failure to pay an amouat due under the Note or this SecurIry lnstsutttent 'Il�is ti$t►t epPlles aven efter focexlosure c�coedings are insdtuud. To relnstate tha Security Instrument,Boirowet shalt tender in a luatp sum aU smounts roquired to pr coe bHng Bomower's axouat cu:rent fncluding,W the eaunt they ere obllgationa of Bormwer under thia S ry 1. ' forcctosuce costs md rensona6le and customary�aroomeys' fxs and ea�penses prape�'�Y nssocIated wlth tha faroclosure pmceading. Upon reinstaument by Bo:rowa.this Secunty Inst:umeat nnd the obBgottoas thut It secures shaU remain in effect as if I.euder had not[equired immediau paymeat in fall. However.Lender is not e+equic+ed co permit reinstateaient if: (�? i,ender h�s acapted ninstatement after the commencenunt of forcclosure pmoeedings wld�in two yeara immed[ately the commencement of a curcent foreclosure pr000ed�ng,(ii)reir►stazement w�U Pr�lude foreclosure on different gnou�the fuwre,or(ii�)reidstatemeat will adveisely afPe�ct the prIorlty of the Uen e�wted b thfs Socuri Instaumen� w y ii. Bon+ower Not Relwe�D; Forbeanance by Lender Not o Waiver. Bxtensloa of the time o Paym�t�ot modifcadon of simordr.atlon of the sums secured by this Securtty Insuument granted by Lender to nn 'suocessor in of Borrower shalt aot operata to release the liabiiiry of the orlginal Bonower or Borrower'e successdr in ineerest Lender shall net bercqu�imd w onmmence proceodings against anY sucoessor in intaest or nfltse ta exuad'�ne for pa nt or othq�wIse modffy emortiaadon of the sums secured by ttus SecuritY Inswment by s+eason of eny dsmend�Y�a orlginal Bormwer or gomowe�s suoxssora in inuresG Any forbearance by Ler.der in e:cercIsing any right or�+emody shall nat be a waiver of or preclude We ea�acLse of any dght or remcdy. 12. Suoa�sons�nd A�Boundi Joint�un1 Several LLtLnIb';CaSignee's. 'tlee covenaats and agroements af dde Securlty Instrument shell bind aad ben�t the successors end assigna of Lender aad Boirower.subkct to tho provisions of Psregicaph 9(b). Borrowei's oovenanta und a ments shall be jfliat and several. Any Bon+owu w�o casigns this Sxurity Insuuruent but das not�acec�u the Nou: (a ta casigning dile Soc�rtty Ynst�ument only to mort8age.Brant and convey that Bormwer's interest in the Propealy under the tetms of thts Security L►sttumen�(b)is nat personaUy obligaud w pay the swns securod by this Seauicy Inst�ument;and(c)a�s that I.enda end any atteer Hon+ower mayag�to�xtend.'jnodify.farbear or make eny a�comrnodadoas with regard to the oexms of this Secudty Iasuument or the Note witi�out that Hoirower's consent , 13. No�. Any noti�oo Boaower provtded for in this Securlty Instn�ment sha11 be given by delivering it or by meiling it by Stst class mail unlessappurable law requires nse of another method. "t1►e notia shall be dL+ectod to the P�+operty Address or eny other address Horrower designates by noHoe to Lender. Any noflca to Lenfler ehall be given by fust class mail to L.ender's address stated herein or any address Lender desigaates by nottoe to Bomower. Any nodce� provtded for in thls 5ecurity Instrument shall be dcemed te have been given to 8orrower or Leader when glven es pmvidod �n this p��14. �Governtng Luw; Severabtlity. This Security lnstrument shall be govemed b�y Fedetgl law artd the law of the _ jurisdic6on in w6ich the Property i�located. In she event that auy provieion or clausa of thta Security I�isnument or the Note - conti�cta wfth appllcable lew.sueh conflict ehall not affoct otha pmvisions of this Secudty Insaument or the Nooe which can be�Iven effect without the eonflicdng provtaion. To this end tha pmvisions of this Securiry Iastrument and the Note iue • decTFU+ed to be severable. iS. BUil�V/C!'B COD9. Bomoa�er shall be ven one conformed capy of this Securi Insuument � __�_...L____.__...._. ..c�� 16. As4igntnent olRerta Homower uaoonaitionauy assi8�s and iranaicia i��...�, d,w�..,..�a.........��...� = Borrower authorizes Lender or Ixnder's agenta to coIIect t!►e rents and revenues and hereby directs each teunat of - the�pe.cty t,o pay the rents to Lca►der or Lender's a$ente. However,prior w Lender's notice to Bomowet nf Boirowers ' bieach of any wvenent or e,gc+eement in the Sec�uity Insaument,Borrower shatl collect and raceive all rents end revenues of the pic+operty ss ttustee for dte benefit of Lender aad Borrower. This assignn►ct►t of rents consdtutes un absolute nssibrnment - and not en assignmem for uddidonal securlty only. If Leader gives nofloe of breach to Borrower. (a)uU rents received by Borrower shaU be held by Borrower as tiustee for benetit of Ixnder only. tn be appUed co die sums secured by the Security Insuument; (b) Lender shall be endtled w '" collect and reoeive�Il of the rents of the Property;and(c)each tenant of the Property shNl pay all cents due and unpaid to � Lender or Lende�s agent on Lende�'s written demend to the tenan� - Botmwer has not executed any prior essignment nf the rents and has not and will nut perform anY act that would == prevent I.ender from exerc�sing its dghts under this taragrnph 16. -- Lender shell not be requtred W enter upon,mtce conuol of or mafnu�tn the Property before or after glving naflce of breach w Borrower. However.Lender or a judicially uppotnted reoeiver mny do so ut any time there�s u�bteac�t: An.y - applicadon of reata shall not cure or waive any defautt or�nvaiidate any other right or recnedy of Lender. This ass3gnment of .� rents of the Propefty shaU terminate when the debt aecumd by tha Secusity Instrument is p�id in t1�11. (Page 3v�4 partesl. �7 � _ _ ._��.