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<br /> 7. CondemnAtton. 7tie proceeda o�ar►y aw+ad or clnim for damoges,direct ar canr,equontlul.ln cnnnecdon with any
<br /> condemnatton or other takIng af nny part oY the Property,or for conveynnc�e in pluce of candemnatian,aro hereby axafgned
<br /> and Ahall ba puid ta l,ender to the extent oP tho tbll amaunt aY tho IndeMrdnesa that remains unpnid under thc Noto and thla
<br /> Sccurity Instru��en� �nder shall upply s�RCh pre►�ecdx to�ho re,�fuc�lon��f ths inde6tednew►ander tha Nc�to i►rtd thix Security G
<br /> Inauurnent, flr�t to any deAnquent amountx applied in tho ordcr provtded in Purugroph :1. and then to prcpuymcnt uf
<br /> e monthl
<br /> p�inclp�l. Any applicadan of tha procced9 ta tho princtpal ehall nat oxtcrtd or pastpano tho duo duto af th y
<br /> paymenu�. which nre rcfernd to inpnru�raph 2, or chungo tho anuunt af such puymenu+. Any E.'%CC9A pniccedR over an
<br /> wiwunt nequircd to puy aU outatand�ng inJebtcdnesa under tha Note ehull bo paid ta the entiry tcgally endUed thcrcta.
<br /> 8. Feea. Lendu may sollut feev and churges autharir.cd by tho Secretury.
<br /> 9. �:�..-r-._�ar:!�cs°�»r!�
<br /> (a)Detrulf. Lender mny.except av IEmitod by reguledona ienue�by Iha Secceuuy in the case of ppyment defaolt�.
<br /> require immediate payment in fuU of aU aumv secured by thix Sexurlty Inatrument!f:
<br /> (t)Borrower defaults by faUing to pay In futl any monthly pnyment required by this Securlty Ineuument prior
<br /> to or oa tha due dau of the next mont�ly payment,or __
<br /> (ii)Hormwer defaults by feillt�g.for a perIod of thiriy duys,to perfoim enY ather obligadona contaiacd in this
<br /> Secutity Instrument
<br /> (1�)SAk VYlthout Credit Appmval. Lender ahWl,If pennicted bYapplla►bla law nnd witb the prior appr�vnl of tha
<br /> �ecretary.ra9ui�o lmn�diau pnyment in tbll of all the sucns secured by thia SecurIty Inswment if:
<br /> (i)All or part of the Propesty.or a beneficial interest in a uust owning all or pa�t of the Froperty.ts sold at
<br /> otkeTwise uansfemcd(od►er thap 6y devise or descent)by tha Bomovra.aud �-
<br /> (i�)Ths Property is not ac�upied by the purc baser�ors gtaa��credit hes not�ban spprnd��Ia e��x
<br /> or grenue das so acxupy the PropertY
<br /> uv�td the requirements of the S
<br /> (c)No WaWer. If cinvmstaz►as�at would t I.ender w cequire immediate payment in fuU,but L,ender
<br /> daes rtot uire suchpayments,lxnder daes aot w ve its rlg6ts with respect tn subsaquent events.
<br /> (d)R�tNL�ns of HUD�w+etne7'. Ia many clrcumsmuces regulations issued by the SocretazY wiq Umit Lende�s
<br /> dghts,-jn the cese of payment defaults. to raquiro I�amedIate paya�ent in fuU and foreclose if not paid 'I�s
<br /> Suurity Iasmuaent does not autharize acaleratloa or foreclosure if not peraaitted by regulaSons of the Sea+etary.
<br /> (e)Mortgage Not Iosured. Bor�ower ag�re8s thet should this Se�urIty Instn�ment end the note secu�d the�ym tn�oe
<br /> be elisible for insurance under tho National Havsing Act within 8 iowntl�
<br /> dete hereof,Leader may,at ita opHon and notwlthstanding enyihing in Parag�aph 9.ccquire immediaoe Paya►ent in
<br /> ��p�f alt su�us secured by this SecuritY Instnimen� A wdaen statement of any suthorircd eIIent of th�Secretary
<br /> date�subsequent w 8 000ntlls from t6e date det+eaf.decllning W insure tAis�ocurity
<br /> Inau�uaent aad the note secured thereby.shaL be deemed conclusive proof of such ineliglbidity. Notwithstandiag
<br /> the fongoing.this optlon �nay not be exercised by Lender when the unavellability of insurance is solely due w
<br /> I.eadec's fallure to�+emit a mortgage iasurance premium to the Socoetary.
<br /> 10. ItdastAtanen� Bor�ower has a rt�ht to be reinstated if Lender has required immediata pa�yment in fuU because of
<br /> Borrowe�'s faiture w pay an amouat due under tha Nota or,this Securiry Ins�xn� 'mis rlght applies even after foreclosuro
<br /> vrooaodings ete insdtuted. To reinstaoe the Sec�tIry Iustiumen�Borrower sbeU tender ia a lump suru aU amounts toquired to
<br /> 6r�ng Borrowei's acoouat curnnt including,to the exteat they ere obligacioes of Bomower unda tdis Secudry Insnurrent,
<br /> foreclosure cosb and reasonable and custom�uy�auomeXa' foes and e�cpenses properlY associated with the foroclosiu+e
<br /> eff�g Upon reiastatement by Bomnwer, thls Secunty Instrument nnd the obllgadona that it sxures shail e�emain ia
<br /> if Lendtr hed not raqulred immediate payment in full. glowever,I.tnder is not requized to permit reinstatement if:
<br /> (;) I.ender has accepud m.instatemeut aRer the cammence�dent of fonclosure prnceedings wtthia two years 9mmedtetely
<br /> , ; pneoeding the oommenament of a cume�►t foreclosure prooading,(ii)e+einsmteuxnt a'Ul Prmcludc forecloaure on different
<br /> grounda in the fuwre.or(iii)re�statement will adversely affect We prioiity of tho lien a�eaced by thls Sxurit�►Insuument . .
<br /> 11. Born►Ner No! Reka4ed; Forba�ranca by I.eader Not • W'�iver. Ex�eension of the eime of pa ment or
<br /> n
<br /> modificatioa of amortizadon of the suma sxured by this Securi Iastiument granted by Lender oo any sucassor inte�+est
<br /> of Bo�rower shiill not operate ro releaso the Iiability of the ori�nci Botmwer or Bonrower'a successor ftt inunst. Lender
<br /> ahaU not bo uind to commence pmoeedings against any suocassor la iaurest or rbfuse to exte�td dn�e for pa nt or
<br /> otheswise ar�r emort�atIon oF tAe sums secured by this Seciuity Insuument by nason of any demand o by the
<br /> originel Bomower or Boicowe�'s suocessors in inoenest. Any foibesiance by Lender in a;erciaing eny right or remcdy st�all
<br /> not be a vveiver ag or preclude the exadso of any right or cemedy. ��vens�nts and�e meats of this
<br /> 12. Sucoee6ors and A�Boundi Joiat and SeverW Lia6Wtyi Co-S�ce.
<br /> Secwriry Instcuu}ent shall bind and benefit the suoce.vsors and agsigna of Lratder und Bosrower�subjcct to the pmvisions of
<br /> Parngr�ph 91bD. Borcower's covenaats and meats shall be joiat and severel. Aay Bomnwa who co-signs this SocuritY
<br /> Insuument b�t dves not execute the Note: (a is oo-s this Saurity Iastcument only to moitgag�.grant end oon�rey that
<br /> Boirower'a intenzst in the Property under tha terms of�di�L�s�urr�enC,(b)is not personalfy abligeDed to the sums
<br /> sccured by this Socurity Instrument;and(c)agrees thnt Leader end eny other Bomower maysg�to e�ctend,mo�d�y.tatbent
<br /> or malro any scaommodadons with regard to the terms af thts Securiry Insuument or the Note wlthout that 8orrowe-'�
<br /> consent
<br /> 13. Notieea. My aoflee to Bomnwer prov�da!for in this Securlty instcument shall bo given by deHveiing it or by
<br /> mailing it by fust class mail unlesa eppticable law i+aquir�es use of another c�sthod. 'lt�e no�ce shall bo dirxted to the
<br /> Property.Addres�or any ott�ad�Bomovv!r�i matrx hy nntins tn 1 pnrtr.r. Any ttot[ce tn Lender shell bc Riven DV litst =
<br /> ciass mail w Lender's eddress atat�ed herein or eny addc+ess Lender des�nates by notice w Boaovver. Any aonoa pmvided
<br /> for in tbis Security I�soruraeat shall be daraed to have be�n given to�otmwer or Lznder when gtven es provided in this
<br /> parag�aph.
<br /> � 14. Goveretng I,swi SeverabWty. 11ns Savrlty Instcument shall be govemed by Federal law end the law of the
<br /> jurisdicdon W which the Pnoperty is locaud. In the event that any pmviaion or clause of thIB SCC11IYtfl Ill9itt1ri1Ei1L Qf tI1C NOtC
<br /> oontiicts with nppllcable luw.such wnflict RhaU not ePfcct other pzovisions of thts Securlty Instrumatt or the Nota which can
<br /> bep�ven�ffcet wIthout the confliping provlsion. To this end the pravistons of this Socurtty inst►vment sind the Note are
<br /> decIared to be severabie.
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<br /> 16. Aaslgnment of l�ettts. Bor[ower uncondidonally ussigns und trunafers to I,ender Wl the mnts and ravenues of the
<br /> property. Borrower authorizes[.ender or Lender's ugents to collect the rents und revenues and 1►ereby directs each te�wnt of
<br /> thePiv}erty to pay the rents to I.cnder or Lender's ngents. However.prinr to Lertder's noitce ta Bormwer of Bo�tvwer's _
<br /> breach of any e�venent or agroement in the Security Insttumenb Horrower shall collxt und reaiva ell rents and revenues oi _
<br /> 1he�nperty es tivstee for thc bene8t of Lender and Botrov+►er. 'iUia ussignment of renta rnnsdmtes nn absolute ossIgnment _
<br /> ond rtot on e.csignment for addidonal seciuity oniy. _.
<br /> If I.ender gives notice of breach oo Bomower: (o)ull rents rtceived by Borrower ahail be held by Bomower as uustee
<br /> for benefit of Lender onty,to benpplied to the aums secured by the Sxurity Instrumenr. (b) Lender shall be endded to
<br /> collect nnd nealve ali of the rents o�the Property;and(c)euch tenant of the Property shatl pay�11 renta due und unp�id to =
<br /> L�nder or Lender'a ugent on Lender's written demand to the tenunt =
<br />- Bomnwer has not executed uny pdor oss'►gnment of the cents and hag not and will not perform any act that woutd -
<br /> prevent I.ender fsom exeicising its dghts under this Puragrnph l6.
<br /> Lender shuU not be requirrd w enur upon,take control of or mniam[n the Property before or eifter giving nodoe of
<br /> breuch w Borrower. However. Lender or a judlci�llyappointed recelver may do so at nny dme there ix a bresch. My _
<br /> applic�tion of rents shall not cure or waive ony default or invultd�te any other right or remedy of Lender. This assignment of _
<br /> = rents of the Property shull tertt�inate whes:the debt secured by the Securicy Instrument is paid in fuU. _
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