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<br /> ' y1,19,90�9 _�w -., e.,.�, .�.�...�..—,., _
<br /> A(i)Barrowcr dcPnutt�Qy fNling to{�aY in fuit s�.ny munUdy puy��cnt crquirc�i by this Scc�«iry Instn��recnt�rinr m nr�n _
<br /> • . tha duo dato at t�tia asat mnnthty payntc�.l,�r `_
<br /> ' (8)�om��vcr dcfaults by falllnBv fbr o pertc�i oP thUiy doyo,tn{�crfarm uny oth�;r obl�qt�iasis c�ntnlnccl in�hiy Sucu�tty `
<br /> insuvmen�.
<br /> (b)S�Eo WitAaut CKdI�App�trvai.l,cndcr u �li'tho Bun�v��fl b�W�s St�trlty Instrumor�t�:tS10 prin� up3�ruvel af atio � ;_
<br /> S C C r�m ry�r c q�a i ro t n m v�i n t n{a a y m c n t i n t u l l Y / �
<br />_ (i)Aq or psrt t�t lto 1'cap:.riy�or A b^ttttteta!tnterest{n e tfus�awn�ng till�r pat4 uf ttt�k'r��e�tY��so l d ar a t hcJ�l�o�- �:
<br /> trm�Fc.trod(ctther ths�hy ctavi.sa ar de�cetu)by t�e 8anu�ves.ens! __
<br /> (ii)`f1�o E�v�ty�nat ozcup4c�t HY�P���8�����Af-s�r her prinsipal re-�idc�►�+.�r thn Purchasc�ar gr�ntr.o _-
<br /> �
<br /> dur��ctt�upy�the P+mfi�tY h�!t hta�,r t�r cn*.dU hr9 Rot l�ccn ct�pmv�d In aa�ordnncU wtth tho r�cqulrcment�af tho _
<br />_ Secretcuy. -
<br /> (c)bo Walvcr.ti circumsmnccs aoeur tM��vould p�mft l.cndcr to�es�utr�imnn�dlato�ay�ent in ti�U,but�.cnder docs not =
<br />= rcquiro such payinen�q�Lc�tdei does nol�t�lvo it�dghW wtt�raspect to subsequenl ovents. _
<br />- (d)Iteguatians o!HUD Secreary.In many eacumsuuicca Feg��kttions Issuod by tho Secretnry wip limit l.�ndet's�ights in
<br /> tho cnso of payrrtent d�fnulls to rcquim immcdiute payme��t in 11iUl and foroclosc�if rtat�mid.'R�Lv Sucurity[nsret+mcnt duas
<br /> na!author�r.o aoccicmtian ar foraclosura if nat pcimittc�by Mgulations af tho Sccretary.
<br />� (e)Rto�gage No1 Ia9uHd�T�arrowcr agteas thAt should this Sccurlty lnsuumor�t and tho Nuu► sixu� �he�reby not bo
<br /> = cllgiblo for insur�nco►u►der tho Nndonal Haustng Act within 6Q deys fmm tho dnto hraoof�I.cadcr may,nt its ap!!w►and
<br /> notwlthswnding anythtn8 in p�uugraph 9,nequire lmmodiuxW paymcnt in fu11 of NI aurn5 socumd by this Scxutity Instsum�n�
<br /> - A wduen statemcnt af tu►y nuthorizecl agent aF tho Socreuuy dntccf rubsequent to 60 dnys fmss�thfl dato heae�f,decWing ro �0
<br /> insuro this Socur�lty inawment nnA tho Notct secural lhereby. etuualll bo dtxmc� conctusivo proof of such ineligibility. C�1�
<br /> Noiwithstnncling tho faregoing,th19 apdon muy not bo oxercised by 4cnd.v•�hen tho unttvuilnbWty of insumnca i.9 satoly duo �
<br /> co Gender's fallun�to rcmit u mortgag�insuranco premium to tho Scxretnry.
<br /> 10.Retnst�tement. Burrowor hu9 a dght to bo mit�suttcd i!' l.ender tu�.9 rcquired ir►►madi�u� P�Ym�t � �� �uso of �
<br /> Hormwer's fi�luro W pay en amount doe under thu Nat�or �h�s Socurity Inswmcnt, 71ds rlght appUcs ovcn nRer�'or�closuro �
<br /> prooaeedinga�na insdatcd.To reinstato 1ho Security Ioswmen6 Barmwar ehutl tender in a lump sam ali amounte required to bring
<br /> - Bt�rrowcc's aoeoant current inaludl»g.W tho oxtan Ihey aro obligattons of Borrower under this Socurity tnFUam�n1�fareclosuro Q
<br /> - cost9 nrtd re�sanubl0 and cusmmary nlwmoyA' [ees und eapenses property assacL�ted with the forcclosuro prex�fi�. IJpon
<br /> c�einstatement by Horrower,this Scxurlty InsVUment and tho ahllgntians that it socurea shatl remnln in effact as if Lendar t+o�i not
<br /> _ �cqul�d imme�intc� paymant in fuu. Hawcvcr. l.ender i� not rc�qutied to permit rctr►atntcment lf: (i) I.cndc►r hs�v eooeptocl
<br /> �+einsintement uitcr tho wmmencement of foreclasnro praceedinge within two y�a immedintcly prcxedin8 t�rE comm�o�cnt of a
<br /> cutcent foreclasure proaowling.(ii)rcinamtemene w�ll precluda��urcclosuro on ditferent gmvnds in�he fi�wro,m(iil)rei►�r.satemant
<br /> will advcrauly affoct tho priodty of tho llcn crcnted by this Socurity Ia.atrumcn�
<br /> it.aureti�Y��'aa�i��'�3!°..BPG���°4'NM_a W�Yer, Hxteaslnn og tho time of p�Yrrtent or modif�cation of
<br />— amortlzatlnn of tha aums scruu�l by t1�is Socurity Inswmcnt�runtcd by l.creder to unY suca�sor!n intcrest of Bor.�cir�r ahnU not
<br /> o�ratw tn rckase tha liubiUty of tho or�g�^.ai Ba�rower or Hon+ower's succassor in lntcragl. Lender ahall not bo ru�uir+u� to
<br /> , ����ase any sucee.�.snr ln intc7cst ar refLse W e�tend timo for payment ar otherwlso madii'y a►norrlxation oP
<br />� tho sums secwrc:d by this S�c:ufity Inswma+t by rcasoa af any deasand m�by the o�iginal aarrower pr H�wer•e s�tcce�s a�
<br /> interesl.My forebonra�o by L�nder in oxerclsing nr►y rigat or n.medy shull noi ba c+waiver of c�x�Csclu�'ihs axes�cl�o of any
<br /> right or cemedy.
<br /> 1�.Saooeasore aad Asslgns Bovcd;Jolnt and Scvera141�6Wtyi Co-St�aere. 7110 aover+untv und agrccmcna oP thls Sccudty
<br /> Insw,nent shall bind and benofit the auocesso�s an�as.�gna ot L�►der and Burrower.subjocl w tho pmvLglons oC parapn�h 9.b.
<br /> Bormwer's covarwnts and agre.emeittq shnll bo joine r.nd savcml.Any Hon+ower who co-sigos this Securlty InsuumGit t►ut doa�+s►w
<br /> oaccuta the NoW: (� is oasigning lhis Socudry Insuwncnt anly W mortgago,gtant nnd oonvay ihal8oirower'�inuxcst dn tho
<br /> prap�rty ���er tho te�ms of this Sac►uuzy Insuument; (b)is not parsonaUy obliguted ta pay tho sums Focured by thls Security
<br /> Iosuument;and(a)ugrcev that Lcnda and Any ather�ower m�y agrc�o to cs�tcnd,modlfy�forbeur or m�lco any accom�nodudons
<br /> ar1�►regard to 1tw terms of this Securtty Iosm►ment or tho Nodco without thut Barrm�ver's conser►�
<br /> 13.Natkee Any�utica ta Bosroa�ar�mmvlded for!n this Secnrity It�suunncnt shaU bo glvcn by dollvcring i1 or by maWnb i1 by
<br /> fust clags mail unkss appllcabk law cr�vires uso of another method,7tio nadas ehaU bo directed to the Praperty Addre��r z►ny
<br /> othcr addscsy Hasawcr deslgnatcs by natica to Lcndcr.Aoy nadce to 1.cndcr shall bo givcn by�3rst class mait w Londcr's�."�r:h�s.v
<br /> swwA hensin or any address l,er►d�r desl8�ates by notico W aorrowrr.At�y nodoo provided for in this Securiry Inswment shaii ba
<br /> dcemetl ta tu�vo bcer►given w�or�ower or Lender whcn given as provlded in lhi,9 puraRraph.
<br /> = 14.(7overntng L�wi SeverAblHty. 'll►ia Secucity Inswment shall be govemad by Fcderal lutv und tho Inw of tha Jw9.sdic�ian in
<br /> ahlch iho pcope»y is lacst�d In tho event ihat any provlsian ar clauso of this Securlty Instrument ar thv Nato conflls�s alUi
<br /> — applic�blo taw�sucA canfd�ct shal!not affect ottrcr qaviakma of this 3ecurlry Instn�mwu or dia Now which can 68 Blven affect •
<br /> wlthout tho oortflicdng provision.To this and the provislons af thlv Security Insaument and 1lio Now nro deelared ta be scsverablo. •.
<br /> — !�.�me��'e C�.,�!= gntrovrcr sbatl bo givcn oae caafarmed cc�DY of this Security lnswmena �
<br /> 16.Assi�np�et�t at Renta Ha�rrowcr uncondidanally asslgns and uansfera to Lender all rents and ravenues of tho Prope�ty.
<br /> = Htgrower aulhorius Lender or Lender's agents w coUect the rents and revenuea and heceby dirocta each tenant of tho Pmputy m
<br /> p�y thty rents w 1,ender ar i.endcr•e agent�.Howover,�or w Lcndcr's nolioo W aoirovrer af Bonowcr's bn�ch of uny cavenant
<br /> or agroement in tho Secur�ty Inswmer►t,So�rower sh callect and recelve all tents and rovenues of the�es uusteo for 1he
<br /> benarit oP L�endcr and Barrawcr.Thia cissignment af rcnta consdtutcs sn nbsoluw asslgnment and nat un ment for eddltlonW
<br /> - securlty only.
<br /> � If l.endcr gives��tice o6 broach to 8ormwer.(A)�11 ronts roccivcd by 8arrowcr shall bo hold by aorrower�wstee for benoflt
<br /> � af i,ender only.tt�ba applled W Iho aum�securod 6y tho Securlty Insvuman�(b)Lendet shfill bo entiUed to oollect and rocclvo all
<br /> af tha rcnts of 1ho Property:and(o)each tenar►t of tha Property stutll pay utl�nts duo md unpaid w Lcredcr or Lcnstecr's ngcnt on
<br /> ;l Lea►dcr's wdtten�anand to Iho tcnanl.
<br /> __ ao�roW�r has not axccuted any prlor asslgnmcnt of tho rent�and hus not wid wW not pe�fonn any act thut woutd prevcnt
<br /> ' Lendcr trom excrcfsing iGV rd�thls undcr this pars�g�aph 16,
<br /> �� Lender shs�U nat borc�u�red m enter upon.tnko control oP ar n�nlntain tha Property bcfaro or atter giving notic,�of brqch w
<br />- .� Borrower.Nawaver, Lender or A Judlclally appoinuxl receiver may do ro nt any dme there�a bresch.Aaye�plicadon of rer�ts
<br />= shatl not curo ar waivo any dclnult or invatidato any other dght o�temedy oi Lendcr.Thi��ssignment af rents of tho Property sMll
<br />-;� tertninaW when tho debt socured by the Sccurlty lnswment is patd in flill.
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