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<br /> 7. Cotcdemn8tioa. 'Ihe prooecds af�nny otvard ar colaim ior�dumas�cedirm���c�nde nnanon.are hereby ass�gn� Y
<br /> - ' condsmnadaa or otha tii6ing of sny pa�t of d�e Progety. y _ _-..
<br /> i't
<br /> and ehall be paid to l�ender ro the em:nt af the fuU ama�.�nt o�the indebtcdncssrid�e�►tedness under the IVote and this S�n'rys -
<br /> - Securiry Lts�umeat Lertder shall uFpfy such proceeds to the tedtcction of the h 3. and ct�en to prepayment af --
<br /> Iast�vmenG first to any.deliY►s�uent nmaunts ssppiied in the order provided in Paragtap
<br /> ara a
<br /> priucipul. Any appiipnon of tbe pm�A �or ch�e the um unt of�sue h paYm nt��Anydexcess proceeds over�a.v .���<.. :.
<br /> Payments,wluch are refe�red w in Paragrnp 2. S p iy entided thereto.
<br /> amount required to pay all outstanding indeb:edness unaer th�Notc shaFl be aid co the ena leg�lly
<br /> -':�. 8. �ees. I.ender may coltect fees and charges authorized by the Secretury- � � '>
<br /> - - 9. Gr�uad�for Acceberatton ot Debt :;_ �
<br /> . •� la)Q D�u f t, L e n d e r m u y.e x c e p l a s l i m i t e d b y e e g ulatin�is S�ry Us�en��"�n the case of paymeat dnfaulta ��,...f.��_:
<br /> rc q u i r e i m mediate paymen[in full of all sums securedy Y a ent u e d b t h i s S e c u r i ry Ins�rument prior
<br /> (i)Bomower defiuililts by fai1ing to pay in full au awnthlY P 3� �N Y '-,..
<br /> u
<br /> to or an the due dn:e of the aext monthly paya�at,or
<br /> (u)Batrowe�defau(t�by faitin�,far a penod of ttnrty duys,w Perform any other obligsuioas contmned in this �f=�:. '
<br /> :r�`, Secunty Iasmiment � aPP y _
<br /> (�,y Sale�V'it�oni G�edtt A�(�r�v�1. Leuder shall.if Pe:mitted by plicable la�v nnd with the rior roval of the �„l_�,:
<br /> (� V _ -
<br /> � Seerctfuy.cequire immedime puyment in full of ell the sums secured y this Security Insaeiment rf: �,�___
<br /> ,'�' �:'�_=
<br /> (i)All or part of the Fropeiry,or a beneficial 'wterest in a uust owning a11 or pt►rt of the Psoperty,is sald or �.L*Y
<br /> 3 r'`;, otherwise baasfemed(ot3ter than by devis�e or descent)by the Bmrower.and ���ar the ut+r�aser
<br /> �v)'i�e ptope►ty is not ocxap�ed by the purchaser or gcantee as 6ts or ker prmscpal ad in a9poordttnoe '°°-'�,
<br />:'::}� or graates does so oaaipY the iTropercy but his or her credit hus aot 6cen apAroY �__�:
<br /> - witi�the requirements of the�� a t in full.but Lender i.�����-.�
<br /> (c)Plv Waiver. If circum�ances occur t would�ermit I�der w require'�unm hiace�tYmen qs.
<br /> does not reqnite suc(n p y�rta en��er does�ot warve its rights wi� n��issued b the�Secmtary will limit I�ndr�'s
<br /> " �) tiops o4 II�EJH► �� ����a� u�d foreclose if not paid. 't7us
<br /> ( � fu �,
<br /> rights,in the case of paymeat defaults, co co9uae unmed�ate paYment m ons of the S �''=`
<br /> - get�uity Insuument dnes aot authoriu accetemaa°or faneriosure if aot permitted bY r�ula� �Y' ��-,--�=:
<br /> (e)Mort�fie Not Iasuces�. Borrawer ag�es that should this Sea�tY Insuun►s°t a�rb�nate secared thereftiy not ,_—_
<br /> fmm the
<br /> be eligible for insucance undec the Narional Hausing Ad cvithin ��8��titsrequire imme�'iatc PgYment in ��•
<br /> sj
<br />' date heceof,L.ender mag.nt its opfion and notwithstanding ar►ything .
<br />- fuU of all sucns secu�d[r��this Security Ynso�nt A�vritten seateiuent of aay amhori�i a�at of the Secretaty �;;�.-�;�:_
<br /> �,_—;:-
<br /> da£ed svb�equent to $ months from the date 6ereof.decL�niu��'rRSUre this 5etarity --
<br /> � instrum�ret and the n��secuied thereby.shaII be deemed conclusive praof of su�;�sli�lnTt.y. Notwitbstaading
<br /> the foregoing.tfus ap�may not be execcised by Ixnder when ttte unavail�silin,�of insuranct is solely due to �,
<br /> Leude�s f�ihue to remit a mortgage inswcence pre�ium to the Seaetary• � �,�-=;
<br /> � � ent�n fiill ba�ar�of
<br /> 10 Re9nstatrment Bomnwer has a n t w be rein�ated if Leader 6as mquired imnr�sidisite paym
<br /> i
<br /> •.,;` Ba:rowef s faiiiue w pay an amount due an�the Nate or this Secuiity Insuument 'Ibis rigat applies even after farecflosuce
<br /> � gs aie instituted. To ninstate the Sec�uiry Insuumen�Borrower shuU tend�in a lump sum all amounts reqtiued w � _:..:.
<br /> :,':.�� ring Bormwe�s�coaunt cvrrent includ'mg,w�hhe extent they are obli�tions of Borrow��t� � �� fo�s�w'e�' —
<br /> , forrrstosu:e oosts end reasonabJe aad cust°m�ry atioraeys' fees aad expeases pmp�siY _
<br /> '� ' pmoeedin8• Upon re��t b Homower.thls Seamty Inswm'ent and the obliIIations thut Lt�se�ur���t� _._.
<br /> r r,; -"� e�es if Lender had not�immedi�e pt►yment icw full. HowaveY Lender is not required�pe�mi e2ts immedlatel3+
<br />�. (7 Leade�has at�e�ptacl rei�s�t aft�r the commesicement of foceclosute proocedi�sf,s y ---
<br /> ��' p�odin�the oommeaoement aF a cutrent furecloswe proce��eding.(ii)reinstatement`a'�1 Pm�tuda faceclosure on different
<br />' 'r-�•���� ands m the fudue.ot C�)c�instatement w�l adveiseety affect the prioriry of the fien cmated by this Securi Insuument
<br /> s
<br /> � yl, go��pat �; Forbmrance by Lenaer Not a W�1�►er. Extension of t�e 6mo o pa t or _
<br /> �di��uion of amortizarion of Iize sums aecured by ttus Security Insaument granted by Lender W m�y suooessor m�terest = -
<br /> vE^]Bu�aow�es s6all not���rs celease the��uinst an�r�Br in iatemst or�cefuse to eatend hme fo�Pa Le;do --
<br /> �Lender m�ercising Y nd�g�ht o remedY shaD
<br /> th�erw e modifY�amomration of e sums secured bY �fn�oe by � :
<br /> o ri g'�n a l B o�a:�r o r Borrowet's s�secesso�a in intecest Any �.�
<br /> r.ut be a wuiver a'i or preclude the e�cetcise of any right or remedy. 'lhe wvemants:ur,x3 ag�cements of dus ��,.
<br /> ]2. �n c�s s o r s a n d A s�v B onnd►doYui and Several Idab�ty,Co-SlSners.
<br /> � ��r Insuument sh�ll bind aasd benefit the successots and assl�ns o f L e n der an d�otro w e r,s n G't�ro t h e p ro v i s i n n s o f
<br /> a
<br /> �ph 9(b). BDTl�DNC[�S C15VSi781'TS 8IId 8$IC2tIICffIB SIl�bC jOIDt 8II(I SBVCIU�. Any�aimwer w�o co�siSas t�is Security ..�
<br /> C
<br /> ,, ' Instrume�t but does not exec.��3►e Note: (a)is co-s�gning t h i s.Sec�nty I n s t�u m e�►t o n i jr r w mortg a g e.S r a nt and conve y that
<br /> . Boirowe�s int�t in the Psopetcy under the terms of this Scamry Li..��t;(b)is not�sanally a�slia�ted to paY the sums �
<br /> secuted by this�ca.%.nritY Iasaumen�and(c)agrees that Lender and eay�r Borrowermayag�to extend,modifY,farbear
<br /> or mulce any acwr�+modaiions with regatd to the terms of this Secunry �nstruma►t or the Note arithout that Botrowef s
<br /> consen� �'"`
<br /> ' 13. NotSaes. Any a�r�ioz W Botrower provided for in this Setutiry Insuument `s�a111�e given by delivatng it or by
<br /> mailing it by first cL:::s�:::untessapplicable law requires use of anothet rnethod. 'J�e aotice shall 6e du�d m the
<br /> � pmperty Addre�s cr s.y�.7her add�ss Hocmwer designates by notice W Lender. Any notice w Lender shall be given by fust `��.
<br /> . . �� cLvs mail to E�n�'s e.�dr�ess staied hercin or any address Lender des�gnares by notice to Bo:rower. My modceprovlded
<br /> � fae in tttis Se�si���n�.�nt shall be deemeA to have�een Slven w Hotrovrer or Lender whcn given as pr�vided in tlils �"
<br /> r,�a�,�aph. =—
<br /> H4. Governit��.�:-.5�t�'erabNty. 'll�is Secvrity In.trRmcnt shall be govesnai b� Federal law and the la�v o �
<br /> el
<br /> ' �. j��ri�v::-c�on in w�ich sis�C'�'n�xtY is locatad. In the event thnf.uay pmvision or etavse a!"ti�s Security Inswment ux tlu: Note
<br />- x�33lcis wi�a,�sr�:�e fa:Y;.�:::�h confllct shtill not affeat oti�et provisions of this Seca,ui�l+Cnstrument or the Note r�',:ich can —
<br /> .. `���•z i�e vea et�i�.•�+itSss�i tt��a,af'dcflng provisdon. To this end the pmvisions of 8us:�+:siry In�uumeat and the Note are �, -
<br /> . ..::;'� d� to bc�sa..�v�k. � af t6is Securi.�Ynsszumr:nf. —-
<br /> :�`� DS. Bortr.�rzr's Ca��. 13�mower shall be given one aonfurmed aspl �
<br /> . $6. Assi�ent at�?ar�. Barrovrer uacondidons�lIy uss�g s attd uas�sfers to Lra� :=lt dtz i+�tr,and revenues of the --
<br /> n I n ua
<br /> �','::;1 rl't�,►s}�cy. Bar;owec authori�s Lender or Lender's agen�.in coll�t the reno o L.endt�� a�r��ar�owe�r o�f�IIocmv ef s _
<br /> • �: t t�e frtp�serty��ay the renu to Lender or Lende�s age:w. However.pri r�
<br /> breach of any����enant or ag�ment in the See.vrity Instcumen�Borrower shall cflllect and rer.eit�e nt�rents and nevenues of
<br /> ' •`; the pcopesty�uvste�for the benefit of Leader and Bnnrower. 71�is assignment of rents constitut�.�r.�n absalute assignment �__
<br /> ••. ,.�:., ----
<br /> . and not an ass�gnment for addirienal security anty.
<br />� ��. . `�. If Lender gives notice of breach to Borrower: (a) �ill cents m,ceived by Borrav:�r-shall be Lveld by Borrower as wste� �!�,?
<br /> ., for benefit of Lender only.ro be applied to�sums ��cc�.ired by the Secunty 6�r�all �a� all rentsgd�an unpaid to ��::;�_
<br /> ' ? coUect and reoeive all of the rents of the Pro and(c)each tenant of the Pro } p y ��r�;
<br /> • I,ender or Lender's agent on l.ende�r's written demand to the tenan� �*an+=
<br /> ° Bomo�ver has not executEd any prior assignment of the rents and has not ac�d wiil not perform any act that would Y,,,,
<br /> prevent Lender from exea+cl,ing its rights under this Paragrapb 16. �';';.
<br /> . . L e a t d e r s h a ll n o t b e t c quued to enter u p on,take control of or maintain the ProPeril'before or after giving nodce of ��_
<br /> bre�ch to Borrower. However, Lender or a�udic�ally appainted receiver maY do so at siny cime t here is a b r e a c h. A n y �`• .
<br /> applicatton of rents sha3�not au�u�v.ai�e ar.y dc£a�l!oz in:�als�any.o�hPr�ght ar rerttedy of i,ender. 'Ihis assignment of '
<br /> _ . rents of the Property sha11 c�m�in�te when the debt s�uied bq th4�S gezunty Inswment is pa�d in full.
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