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<br /> ." ° 7. Condemnadop. 17ie pmceeds of any aweud or cleim for damages.direct or consequendal.ln connecaon with eny r�,+
<br /> "' condemnation or other tgking of any part of the Proptrty.or for conveyance in place of condemnatlon,art hereby assigned
<br /> " and shall be paid to Lender to the extent of the full amount of the lndebtedness that remains unpnid und�r the Note and thia �'
<br />-:-��• '�+ ' Secudty Insuument Lender shall apply such proceeda to the redncdon of the indebtednesa under the Note and this Security •s�;
<br /> ' ` Instrumertt, first to any,delinquent amounts applied;n the order provIded in Peragraph 3, and then ro pnpaytnent of
<br /> . ., �_• principal. Aa� yapplicauon of the procccds to t he prin dp a t shall not extend or p os t p one the due date of the monthly
<br /> � a m e n t a.w h ich are referred to in Pare g r a ph 2�or chtuige the amount of auch paymeqts. Any excess procxeds over an �.'�
<br /> :�'; amount t�equired co pay all outatanding indebtedness under tbe Note shall be paid to the entIty legaUy endded thereto. �•
<br /> , °,��. " . 8. Fees. Lender t�tay collect fees and charges authocized by the Secretary. ��'.;
<br /> -- � 9. Gmaads for Aooeleratton of Deb�
<br /> ' (a)Detaul� L.ender may.except as Waited by reguladons issued by the Setretary in the case of payment defaults, �
<br />:_�. � � require imcaediate pa,yraent in full of aU suma secured by this Security Instrumeat if
<br /> -- �i�norrower de�sui�s by failing iv pn ;a fuu a�y�santtsty pa;�ment r�guis��;titl•°•Se!'ttrltY fnatn�ment nrlor �
<br /> . ':. Y, to or on the due date af the next mon�y payment,or �",
<br /> :. : .�_ (ii)Bomower defaults by failing,for a period of thiity dsys.to perform any other obligadons contaiaed in this
<br />��I; . Securlry Instrument !,:
<br /> ���-'1•' (b)3ale WiWout Cred[t Approvai. Lender shall,If pern�itted by applicable law and with the prlor approval of the �:�-__
<br /> ..r"^ ..` •. �. SecretEUy,require immediate payment ia fuU of aU the sums secured 6y this SecurIty Instrurnent if: --
<br />- � ... �'. t (i)All or paii of the Prope rt y,or a beaeficlsl interest in a trust owning all or part of the Progerty,is sold or �'_•°
<br />-°"`*�_�"�� '� otherwise orausferred(other t f�a a by de v i s e or desceat)by the Horrower,and -
<br />-""-"�'�:�•:�'�• (ii)The Prope�ty is not occupied by tlie purchaser or grantee as his or her prIncip�l residence,or the purchaser =_
<br /> :y �. -:�::•.��.' or grantee dues so occupy the Prroperty but his or her cmdit H�us nut Ueeu approved in stccardance �:_
<br />-s�,u�.,�cr;.��; ' wlth the requirements of tt►e S�xretary. �-
<br /> °.:.,�""::` (c)No Waiver. If cIrcumstestces oxur that would�ermit Lender to require immediate payment!n full,but I.ender �_
<br /> ' doss not ulre such a ments,Lender daes aot waive lts ri ts with respect to sub uent events.
<br /> rey� py � � �:_
<br /> '-_-:;_ ,, (d)Regt il a t tons of I i U D 5ect+etary. In many circumstancea re g u la dona f s su e d by t he Secre t a r y w U l l i m i t L.e n d e r's
<br /> ''�'� t dghts, in the case of payment defaults. Un requlre immediate payment in full and forecIose if not paid 'I�is
<br /> ;�_; r�;�.,; � Security I nshument does no t au Wo r i z e a c c e k r a t i o n o r f o r e c l o s u r c i f n o t p e r m i tt e d b y r e g u l a d o n s o f t h e Secre t a ry. _
<br /> ``'�" � (e)Mottgage Not Insured. Borrower agrees tl�at should this Securlty Insuument end the note se�ured thereby not
<br /> -,s-�;.:r,;;',' � 8 months frora the —
<br />.�:,' ,: ,. * be eligible for insurance uader the Natloaal Housing Act wlthin L
<br />-�;:�r.•.�,�:.: date hereof,I,ender may.at its opdon and aotwIthstauding aaything in Paragraph 9.require�iate payment in _
<br /> :"-+°�a"_'^ . full of all sums secured by tlus Securlty Ina�umen� A wrltten statement of any authorized agent af the Se�retary
<br /> �,;j' dated subsequent w 8 months from the date hereof.deGllning to�nsure this Secudty
<br />-,ys:,..,:^^':�, . Insuvment end the note secured checeby. sbntI be�i��y��i concfuslzs graaf of sucb inetigib�ir;. Nanvishsrancling �
<br />-�=��� :.;:,. the foregoing. this oprion may not be exercised by Lender when the unavailability of inaurence is solely dues W
<br /> _.�"�.T'`�'.
<br /> � L,endei's failure w remit a mortgage insuranc�premium to the Secretery.
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<br /> ������'f�^ 10. Reinststemenb Borrower has a rI�t to be reinstated if Lender has required immediate payment in full because of
<br /> --"�°` Borrowei'e failure co pay an amount due under the Note or this Security Instnimeat This rlght applies even after foreclosure
<br />_'�:�-��"-�''�'� pmceedings are instttuted. To reinstate the Security Insavment,�orrower shall teader in a lump sum all amouats requireci w --
<br /> --v.��:.�,��� bring Borrower's account current Including,to the extent they are obllgations of Borrower under thia Securlty Instcument,
<br /> _ R y_;_,..r���,� foreclosure oosts end reasonable and customazy ettorneys' fees and expenses properly associated wit6 the foreclosure
<br /> �� - pmceedin . Upon reinstatement by Bomuwer,this 5ecurity Instiument and the obligations tbat it secuns shaU remain i�►
<br /> "'��r�=�q'l�� effect as�Lender had not requ�+ed lramediate payment in full. However. i.ender is not nequired to permit reinstatement if:
<br /> --`���:`�`�`�9 (i) Lender hes aocepted c�instatement after the comacencement of foreclosure proc�edings within two years immediately
<br /> ---�:�,�-�- pt�ced�ng the commencement of a cuaent foreclosure proceeding,(�i)reinstatement will preclude fore�losure on different
<br /> --�.�� grounds In the future.or(iii)reinstatem�nt will adversely at�ect the prionty of the Hen created by thia Socutity Inswraen�
<br /> li. Borrower Not Iteleased; Forbeareuce by Lender Not a Waiver. Extension of the tirae .of payaaent�oL
<br /> - modifccation of a�nortizaHoa of the sums secured by tlus Sec�rlty Insnument granted by L.ender w any successor In in
<br /> ==_= of Bonrower shail aot operata to release the liabiiity of the original Bormwer or Borrower's successor in intereaG I.ender
<br /> - shall not beraquired to cammence Praxed�Q88 aBeinst any successor in interESt or refuse to extend time for pa ent or
<br /> otherwise moditjr emo�tizatlon of the auma secured by this Securlty lnswment by reason af any demand�by the __
<br /> osigiaal Bormwer or Borrowe�s successors in iazeres� My forbenreuce by Lender in exercising any right or remedy shall
<br /> ,�� not be a waiver of ar preclude the exe.rcise oF aay rlght or remed .
<br /> �� CoSi 'the coveaants and menb of this
<br /> _ ,° _�° 12. Succes.wrs and Asslgos Bound.Joint and Several IabWty. grtens. agrce
<br /> - Securlry Instrument ahall bind and benefit the suexe.s.sors and essi�gns of I.ender and Borrower,sub3ect W the pmviafans of
<br /> - Paragraph 9@). Botmwec's covenents end ageernents shall be jou�t and several. Any Borrower w�o co-signs this Security
<br /> -- -- Insnument but does not execute the Note: (a)is co-dgaing tbis Security Instwnent only to mortgage,grant and convey Wat ,
<br /> Borrower's iaterest in the Property undc�r the term�of this Security Insuument;(b)is not personally o61iga1ed w pay the sums
<br /> ----.-- sec.vred by d�is Security Iast�ument;end(c)agroes tiiaat I.ender and any other Borrower may ag�to extead.modit�,forbear
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