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<br /> - 9. Cond���unntton, '1'hC pnnrrclv��i'uny a�v�t►•d ur cl�im fc�r duuiu�c�,dime�ur can+eNucutl�d,In ranr:ccdnn �vith nny
<br /> rnndcninudnn ur i��t►cr tnkin},e��F tmy pact ui'Ihc!'ru�►cr1y,ur fur cnttvcyiu�re in pl.i��e uY runci�mnutiun,�irc hc�tihy nrr•it��cal
<br /> �� umi whnp bp pald tu l.cn�lce tu thu cxtr�l aP the Adl t►mou�t i�f tha i�tdchtcdnc9g thn�n�m.�lm unpi�fd under�hv Nutu nnd thir+ �-
<br /> � S e c u r i t y I na t n�mem, I.ender�hull u p pl y huch pr�kccifr t��thu�ductlon of thc inciebt�dncwv unde�the N�Kr e�td�hiv Sccur�ty
<br /> - -_-=- lastwr�te�t, li�� K� Hny dclinyu�:n� emount»�ppiicd �a tde ardcr providcd in F'c���f�+►�i h i, nnti l t h rn ta pn�puyutc n t �►1 �,:::�
<br />- _--_-•--� {�GK-{�x+l. Auy t�}�tl¢,?tl�ui aY tltc pter�eed.� ta the pri�tsignl Fhnll aut rxcrud ��r �a►.Ilbuw th�: dtu; d,�tC c�t 1hc: mtmthly _ _
<br /> paynunts,�vhlcA ure refcrrcd t�� in Pamgrnph 2,o�ch�n�:o the c►maunt uf �uch pnyimnw. An� exre�v pnxecdv m�cr nn
<br /> �- - � amnunt cr.�u i r r d w pny n i i oia5tan dinA in dc b tc dnc�s u n dcr i ho N u t e t�t u{{t h p�l d t n t h e e n t i t y i r g,�t y e��U t l e d t h�r t c�. __
<br /> . 8. �e c s. l s n d c r m u y c t�l i c r�fecr und char gcs nutharizcd b y thc Scrrcu�ry.
<br /> _��� 9. tiruunde tor AcccMration of Qcbt.
<br />�-,..;�± (a)Defaut� I.ender miiy,cxcspl��.v lintited by rcgulnlinns isrucd by thc Secnu�ry in the ci�.�u nf pnyment deFiiulty,
<br /> ��uiro immrdiata p.�yment in f1iU oi nll aumw.r•ccund by this Sccurlty Invtn�mcn�it:
<br /> � - = (i1 Burcower defnuitx hy i'allin�ta puy in il�ll nny monthly pnymcnt rcy�drc�d by thiy Scrurity In�tre�mcnt priar
<br /> �' ` to or an tho duo dnto of thu next manthly pnymcnt,ur
<br /> t. ,;
<br /> 1ii)Barm�ver dci'uulGv by fuiling,for n peri��d at thiny dnyy,to perfimn uny ather abligadony cuntnincd in thie
<br /> _ _ „� � 5ccurity Instrument. _'='
<br />.'_,�,_.� (b)Ssi{o Withou!Cr+edlt Approvpl. l�ender shnll,if pcnnitted by npplisublc law and with thc p�9nr i�ppravul af the �=---"
<br /> . _ A::�,� Socretnry rcquiro immediato pvyment in fbU of ali tho Fums�ecured by thls Secu�ity instrument if: �:-
<br /> (i)All or part uf tho Pmpctty.or a bcncflciul intcrc�t in a hust owning u11 ar pttrt uf tho Property, iA sal�l or -�
<br /> ��� �_ =i�#. othcnvise trunwfcrred(othcr t�an by deviso oti desccnt>by the Borruwer.und
<br /> . .,�.�� � (ii)71ic Property is nat accupiod by the pun:haser ar gmnteo av pis or her principal residenee.or tha purch�.ter �t-
<br /> or grantce daec sa occupy the Praperty bnt his ar her credit ha9 not been approved in ncwrdanx
<br /> °"�:�-°: � with the rcquiremenG9 af tho Sccreta�� �
<br /> �"`'� (e)No Waiver. If circumstanccs nccur that wouldpermit l.ender ta rcyuirc immediate puyment i�fuli,bat Lendcr �-�•
<br /> = u"` dcxs not mquire such pAymenGq,L,ender dae9 nat wuive i�v dgh�w with�espect ta subse�ucnt ovent�. ___
<br /> ���=��_ ` (d)Reguiatlaas at HUD Secretery. ln many circumswnces regulutlonx issued by tho Scrretary wiU Nmit I.ender's
<br />:,;;� dght9, in the cuse of puyment default�, ta roquiru immediutA pAyment in iLU und foreclosa If nut paid. 'Chis —
<br />_.�.___ Security lnsuument dces not uutharizo accelerudan ar foreclosuro if nat permitta�by rcgututlans af the SecraurJr.
<br />:--;�Y�p (o)Mortgaqo Not Iasurcd. Borra�vcr ogrees that should thia Secadty Insaumont und the note securc:d thereby nat
<br /> :�:� ba eligible for insumrtce under the Nattannl Hausi��Act within 8 mor�tha from the =-
<br /> dut� hereof.l.ender may,at iGg optian and notwithsuu►ding anythtng in Puragraph 9,rcyuiro tmmedluto pnyment in
<br /> =;"=:� tlill of nU sums secured by this Security lnstrument. A wdtten etatoment af nny uuthorl•r.e�l agent of the Secretury
<br /> -:.��_� ci,ste�l sabsequeni ta 8 �qn�}�g fmm the dato herrnf,declinin�t�inauce thi.v Sccwrlty —_.
<br /> `_������ lnstrument and tho noto securod the�eby,rhull be deemed wnclasive pmaf of cuch ineU�ibiliry. Natwlthatttnding
<br />,.;,T:�,�-t� tha faregaing,thia opdon muy not ba exercised by Gender when tha unavuilabiliry of ins�ranco is Bolely due to
<br /> �"�"�- l,ender's fcdlure to r€mit u martguge tnsumnce�remium to tha Secrettuy.
<br /> �"'�� 10. Setnstrfem� Horrowcr ho.g a�t ta bo cclnstuted if Lender hay reyuired immcdinta Ayment in ildl bccuusfl of
<br />-_��� Harrower'R failure to pay an nmaunt due undcr tha Note ar this Sccudty Inswment. 5fiis hght app�ies�wcn aficr �'anztasuro �
<br /> --= praoecdirigR ure insdtuted. Ta reInatnte tha Socuriry instiument,Harrower ahuU tender in A lamp sum�ll umoun�:required ta
<br /> _..�_.__..— brlt�g Bnnowef R uccauflt cursent including.to the oatent they w�obllgattons af 8armwer under thta Sxurity Inkuumcn�
<br /> fn�to.qura costa und musonu6la nnd c�.stomanr attomeSts' fe�.w and expenses properly as�oclnt�d with tho foreclasu�+e
<br /> = H praceeding. 1Jpan rrinstatenxnt by Botmwer.thiA�cunty Instrur►knt aM t�e oOUgat[ons ma�it sccuttn �h�ii�in in —
<br /> .-�— — effect as iP I.ender had nat�rquired immedinta puymcnt in fuU. ldowever,l..cnder is nat requimd to permit ocinsu►tement if:
<br /> (i) L.ea�der ita9 accepted ntt�stateanent after tho cammencemont of forcxlasure proceedingd witl�in two ycur�+immcdiately
<br /> �,-- precodln�the commcncement of n rurrem foraclo�uro procadinp.(ii) reinstatement will pmciudo faneclosuro on differcnt
<br /> —��— grounda n tho fliture,or(iii)rcinstntement will ndvcrse!y uffvct the prFority nf tha lien crented by�his Sccurity InRtrumcnt.
<br /> 11. Borrower Not 1tekASeds �orbearanoe by i.tnder No! o Watver. Bxtension of �tte Hma ol puy ment or
<br /> modificution of amortip.utlon af Ihe sums ceeured by this Securi�yr Inatrument grnnted by L.ender ta nny successor In interest
<br /> of Hortawer ehaA nol apemte w releis.ge tha liubllity of tho or�ginul Barrawer or Boirower'e�uccessar in inures4 I.cnder
<br /> � shall not be uimd w wmmenca pTaoeedin�a asainst any xucce.ssor in inte�est or refuso ta exte;nd tlrt►e for pn ment or
<br /> e
<br /> othcnvise mod�i amottizudan af the sums sccured by thls Security Instrument by �on of nny demund m o by tRie
<br /> — ariginal Homower or Boarower'a euecessorA in interes� Any fo�fiear+nnce by Lende�in exemising any dght ar remcdy Rhull
<br /> — noi bo a waivcr of or pmcluda the oxcrcisa of any right or remcdy.
<br /> 12. Sucressare�nd AssEgns Bovndt Jofnt wnd l4everal Lia6Wty;Ca5lgneaa 'Iho wvenunts and��ments af this
<br /> Socurtty Instrument ehall bind and beneiit the saac�sora«nd avsi ns of I.ander and Bormwer,sub}ect to the pravislan9 of
<br /> Pamgraph 9(b). Homnwer a cavenankv und agreements ehafl be)a�nt artd soveral. Any Borrawer wfio ca•signs this Swurity
<br /> - _ ---� lnswment but does aot euccutc thc Note: (u)is co•si�ninII this Securlry lnsuumcnt only to mort age,grnnt ond convoy thnt __
<br /> Horrower's interest in the Property under thc tarms af thiv Securiry Inswmenr,(b)IA 1101�TSPI1ttI�y Obu�AtOd[O PaJI 1t10 BUIYIR
<br /> secutt�!Iby this Security Inauvment;nnd(c)n�cees thut Lender und any other aairower muyagrc� u to oatend,modlfiy,farbear
<br /> or muke any nocammodudona wtth regard ro tho tcrms of thia Securaty Inatrument or tho Nate wlthout that Haaower'A
<br /> c�nsena
<br /> ; 13. Nodcea. Any nodco to Borrower provided far in this Sccur�ty Instrumer_t�fiall be$iven by dollvering It or by
<br /> --- mniling it by flr�t clacs mail unlesA upplicablo luw requires usa af anothet methacf. 1'he aadco shall bo directod ta the
<br /> ---- property Addres.9 or any ather address Bomower designate.9 by nadce ta Lender. Any nottce ta l.ender shull ba given by flrat
<br /> � clac.9 mail ta l.ende�'s uddresa stated herein or uny addres.9 Lender designates by nodce ta aomower. Any noNce provided
<br /> ----a for in thia Security Inshument shull he deemod to huve been givcn to Bomower or l.ender when givcn av pmvided in this
<br /> _,�� pumgmph.
<br /> -= _ 14. Governing I.i�w;Serera6Wty. Thia Securiry lnstrument shall be governed by Fedcrol law und Ihe law af the
<br /> - — judsdicdon in which the Property is located. In tho ovent thnt tu�y provision ar clnuse of this Securlry Insaument or the Note
<br /> - — con Ncta w i t h appli c n ble)nw,sucd canflict shnll not N'fect nther provisiana of this Seeurity Iriswment ar tho�Vote which cnn _
<br /> T—----� E3'v�}L'Ci1 C��L'.'�l�ii!�iC CO{1�Ct3A$QSOYI»�A. TQ!!�s eAS! !he�o�+I41o�g�f thl�►�cp�q+ Inr.ttument snd the Mutc�ure -�
<br /> decIued to be sevemble.
<br /> 15. Boemwer'8 l.opy. Boirower shup be given ana canfurmed copy of this Secudty Instrumen�
<br /> - j 16. Asslgnn►ent of Rente�. Ramnwer uncondidonnlly u�si ns and tmnAfere to Lcnder ull tha rcnt�und rorenues of tho _
<br /> UA
<br /> _�;�-�a Propeny. Borrawer authorlr.e.9lxnder or i.ender's ngen�ti to col xt tho renw and revenu�w and hereby directa each tenant of _
<br /> the properry to pay the rents to l.cnder or l.ender's agense. Hawevcr. prior to I.cnder'K nodce to 8orrower of Horrowcr's _
<br /> �.,�� breach of any covenant aT agreement in tho 5ecudry Inswment,Barrower shnll wllect nnd receivo�II rentx and resr•enue!�of
<br /> - { �he Property �.g trustee for the benefit of Lendcr und�orrowcr. 7hls asAisnment uf ren�v wnstitutes an ubsolute uvsignmcnt �.�
<br /> _�.,�'���� und not an assignment for udditlunal secudty only. -
<br />���;;.�,;;_�± If Lender gives notIce af breach ta Borrower: (n)ali ren�v reccived by 8orrowcr Fhnll bo held by Bosra�ver ec trustee
<br />-�`.�-���i�- for bencfii of Lcndcr anly, to be AppNed to the sums srcurcd by thc Secudty lnsvument; (b) l.ender Rhall bc endticd ta
<br /> "�'��p�� collect and receivc all af the ren4ti of the Pro e
<br /> p rty;und(c)each te»ant of thc Property sh�ll puy all ren�v duo und unpnid to
<br /> ' ' Lender or l.endr�'s agent an Lcnder's writtcn dcmand to thc tcnunt. �
<br /> '`"" `��• Boaower has aot executed uny prlor assignment of the rcnt� and has not and will not perfurm any act that would °
<br /> "� t•'� , prevent I.ender from exercising it�rightx under this Paragrnph 16. i'.
<br /> !"'' ��. . Lender shull noi be re��.ured to entcr upan, take cdntrol of or m�ints�in thc Preperiy beforo ar after �ivin�naticc of
<br />�'_,�'__.;,�9_ b r e u c h t o B o r r o w e r. H o w e v e r, l.e n d c r o r u j u d i c i�l l y upp o i n t e d r e c e i v e r m u y do �o at an y time thcre le u brcuch. �n y �
<br />-_=�Y applicution af rentv sh�ll not curo or wnive uny default or inv�lidate Any other ri�ht ar remedy af Lendcr. This assignment of -'
<br />`���L�. `� rents af the Propeny shnll temilnate when tho debt securect by tho Security Instrument 1q p�id in fuil. r:'
<br /> _-- • (Pag�3oj4 page�) r`r
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