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<br /> r � • RE•RECaRDE � 91�-•i O��i O�
<br /> _- � � � 92- �ID0353 __.
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<br /> °°�� � payments.which wc rcferrcd to in Paraprup�«, or rhwiBc Ihe amount of�uch paymcmw. Any caccsq pnurcdy uver nn ----_
<br /> s� wnountrcq uired to p�y�II cwiRt�ndinQ indebtodnesr under the Nole and thfr Security Msl�umem Rbdl bo pAid w tho entity
<br /> . .� . �:� k�ally entitled Ihercla.
<br /> '_'=� .. B. Fees. L.ender may coliec�fee�eMl charQes authorixed by dK:Secrruuy.
<br /> '�i°' 9. Grounds tar Acce{entioo of Debt.
<br /> ,,.,._..
<br /> +_�� «, ' (�l Dehul� Lender may,excep as limitcd by�cgulati��ns i.�ued hy Ihe Secre�ury in thc cwe of payment def�u ts,
<br /> ' .�j<4 �' � requfrc imtnediute payment jn full of ull cumc secur�ed by�hi�Security In��rurnent if: _
<br /> � '� � ti .(i)Bocrower defoulla by failing�o pny in full uny o�unthtY prYnu:nt rcyuiRd by this Sccanty Ins�rumem pri�x
<br /> " � to or on the due due of thc next monthlY paYmem,or r
<br /> ,` . . (ii)Bonawer d.-.inulta by f�iling.for a pe�iad of�hiny days,to perfumi any other obliguliun�cuntain¢d in ihix --
<br /> �,� ._- r� Security Inswrnent.
<br />__���,;,•_�,,,`'.,;� ��� (b)S�k VYilbout Credit Approvd. Lender ahull,if pennitted by applKUble law ond with the prio�approv�l uf�hc
<br /> .� -, • Sa�etnry rcyuire immediwte p�ymem in full of all�he xums secured by�h�x Security Inhtrument if: ���1d�
<br /> ��y;;��s. (i)pj�or part oi�he Property a u beneficial intsres� in a trust owning all or pan af the Propetty, '
<br /> � otherwise tran�femni(ather�han by dcvise ar descent►by the Bortower,and �_
<br /> " ' �� �ii)'fhe property is not�xcupied by tt►e purchaser or grontee ac his ur her princip�d rewidence,or the purchaser
<br /> -'��� ` � ' or grantee docs sa accupy the Pi+nperty bot hia or her crcdit huti not bren approved in arcordance
<br />:;:r. �. _-•-�. �. with�hc requirementsof�heSecre�ary. - -
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<br />:.u,;=�� • ' �° � (e)No Waiver. Ii circumstunces occur thut would permi�l.ender to reyuire immediate puyme n�in full,bu�L.ender �__
<br /> �;i',�. +�: r-�% daes not require suchpayments.Lendcr dces not wwve itF righ�.+with respect to subseyuent cvent�;. �_
<br /> - -'—'�� � �- (d1 Re�ulaNa�s af HUD Secremry. In many circumxtances regulation�:issued by the Secret:uy will limit Lender�s ��-_,
<br /> "� ,.:..�r;�f; rights, in the case of payment defaults, to reyuire immediAte paymen� in full und i'oreclose if not Paid. Thie �=_
<br /> :, Security Instrument daes nat uuthorize uccelerauon ar foreclosure if not pem�iped by regulations of the 5ecrctary. ��.:_
<br />._:M� ,,�, �{s:.� � (e1 Mo�e NM lasurod. Bortower agrees lhut should�his Securily Insuument and Ihe nwe securcd thereby not �,"
<br /> - ���`"` -��' ' be eligible for insurance under�he National Housing Act within 9D DRYS from 1he �°"��
<br />`..•�.Y,! ,,,� . � dnte hereof,Lender may,ut its oplion and notwithstanding anything in Parngmph 9,reyuirc irnmcdiate paytnent in �":
<br /> ��` •.;•�'° �. ..,
<br /> �,'� �,. __ � full of all sums secumd by this Securi�y I�swment. A written swtemenl of any authorized ugent oi the Secrelury �;t.
<br /> . ,,. .,,, dated subscyuent to 90 DRYS from the dote hereof,declining to insure this Ser_urity -
<br /> `� �'� ` '' . ^±�'� Itislrument and the note secured Ihe�eby,shall be deemed concluaive proof of such ineligibility. Notwithatanding ��
<br /> � �^. .r• ' �^'
<br /> :�'f: `�r•�`.t•�" the foregaing, this op�ion may na be excrcised by Lende�when the unuvuik►6ili�y of insurance is solely due a �-�,
<br /> I.��,`•� ;3�' �- • ����;;:��''� • Lender's fuilure�o r+emit a mortgage insurance premium ro the Secretnry. �
<br /> �•`�`� ' :��•'��7"�r 10. RelostatemenA Borrawer has a right to be reins�ated if l.ender h�.Q required immediute payment in full because ��'
<br />°��t�. , of Borrowerk failure to puy an amaunt due under the•Nac or this Security Instrument. This rigM applies even after �,_
<br />; :��:• ��,._
<br /> � foteclasure proceedings are instituted. To reinstate �he Securi�y Insdvment, Borrower shall tender in u lump sum ull _
<br /> I�� s•� � " • amounts required to bnng fiorrower�accoune curreni i�n:iudi�i�,to the extent ihey :ue ob4{gstions flf Bormwer!�n�r�his
<br /> "`" ��� Securiry Instrumem,foreclosure co�ts and reasonnble and custamary unomeys'fees nnd expenses properly associnted with —
<br /> `' �i� `�"�r � the foreclosure proceeding. Upan reins�ntement by Borrower,this Security 1nslrument and�he obligutions�hnt it secur�es �'i-•
<br /> ��, • y , r+,,!..,t_: • Shul�mmain in effect as if Lender hs+d not required immediate payment in full. Huwever,Lender i�not reyuired lo�rermi� �_
<br /> � �'���• �� . .,'t��;.� reinstatement if: (il Lender has uccepted reinstutement af�er the cammencement <�f foreclosure praeedings wfthm two �_
<br /> f;�'�„9'�T •• • years immediately preceding the commencement of u rurrent foreclosure proceeding, (��) reinstutemem w�ll prccluda
<br /> • -;`�'� foreclosure on different grounds in �ha fu�urc,or liii)mins�atement will adveruly aifect the priority of the lien creuted by
<br /> � ...� ., .
<br /> ,�,. ;;,,, •,�. , �hix 5ecuriry Inswmcnt. _�
<br /> ",r " `, ll. Borrower Not Released; FiKbear�nce by Lender Not a Walver. Extensian of �he �ime of puymen� ar �___
<br /> madificution of amortixnlinn of the sumR secured by Ihis Security Instrument grnnted by Lender to uny successor�n��[�rest
<br /> ' • of Borrower shall not operute to releusr�he liabilily of the ariginnl Borrower or Borrower:v successor m interest. Lender �__
<br /> shull not be required to commence pnxcedings agamst uny succeszor in interest or rcPuse to extend time for payment or ��=s
<br /> �� - � �' otherwise madify amortizution of the sums xecumJ by this Security In+trument by reaxon of nny demand m:ute by the
<br /> , „ ' original Borrower or Borrower;surcessoro in intere.rt. Any forbenraix:e by Lender in exercising any right or remedy shall ��
<br /> " not be a waiver of or preclude the exercise of uny right or remedy.
<br /> � 12. Sucees.sors And Assi�s Bound;Joint and SecerAl Liability:Co-Signers. Thc covenants�nd ugreements of �:
<br /> � �� ��� this Security Instniment sh�ll bind suid benefit thr succeti�on und arsigns of Lr.nder and Burrower,rubject to the pmvisionr �'.:;
<br />-� .a' •. . ' of Paragraph 9.b. Bortower's covenant� :md agreements +hull be joint w�d �vcrrl. Any Borrower who ca-s��ns this
<br /> ; •- � Security InstrumeN but does not execute�he Nae: lal i.co-signing this Security In.irument only to monguge,grant und ��
<br /> convey lhut Bormwer�interest in the Proprny under the temis of thi+Srcuriry Ins�rument;(bl iti not perxonally obligated to �
<br /> .+�, ,;;��+;{, pay the sums secured by this Security Inxtrument:und Ic)agrces thut Lender and uny other Borrower may ngree to extend. �
<br /> -�iF -��. ,'r,,���;, mod�fy,furbear or msike uny accommodations with regurd to�he t�rmz of thi.Sccuriry Instrument or�he Nae without that _V
<br /> Borrowcr's coment. `��
<br /> �� 13. Notices. Any notice to Bormwcr pruvided For in this Sccurity Instrumen��hall Ix given by delivering i[or by =�;
<br /> -� � muiling it by firxt cla,s mail unlesti applirable luw reyuire.r use ot';u�othrr methcxi. Tln notice.hall be directed to the
<br /> ' • Property Addrex+or uny other uddre��B��rn�wer dc,ignute�by n��ticr ta Lendcr. Any notirc tu Lender shrll be given by
<br /> • � first class mail tu L�nJer;addre�ti �tutcd hcrein ur any addre+. Lender dc�ignatr�by notirc to Barcower. Any nolice
<br /> � Qrovided for in thi�Security Imtrumrnl.hull he dcrmeJ to have txrn�.ivrn to Norrowcr��r l.endcr when given as provided _
<br /> m Ihis p�gruph.
<br /> •� 14. GnverninA Law;tieverabiUtv. Thi. Scrurii�• Imtrumrn�+h.dl ik �:�►vcnkJ by FtiJcral law• and thr luw of�hr
<br /> . . jurisdiction in which the Pro�xny i, I�ka�rJ. In Ihr rvcnt th:u am pr�,�•i.ion or:lau,e al'thi+ Secunty In.lrument or the
<br /> • Nute conllirts wi�h applirabk laa�. �unc�unlli�I �h:dl nol:�6fer1 uther pn•�i,ian. ul lhi�Srrurily In+trunxnt ur the Ni�l�
<br /> ;;�;;,!:. , whirh r:m hc givrn rt�lcct uithuut Ihr runtlirlin�pn��i.i„n. 'Ih Ihi�rnd Ihc��rm i.n,n,��I thi.5rcuriiy In,trumrm and thc � .
<br /> Natc urc dcclarcJ lu tx,e�crablc. !
<br /> IS. Borrnwer'K Copv. BoRUKCr,hall i►r�:ivrn unc rontixmeJ rup��uf thi,Sccunt� In+trument.
<br /> ' ' 16. Assignment oP Rents. BorroH•cr unce�nditiunally��.igtt,and tran.f�rs ro Lend�r ull thr rcnl�anJ revcnuc�of Ihe
<br /> � � Property. Borrower auth��rin� LenJer or Lrnder:agrm.�o c��llcrt thr rent.and rrvcnue+unJ hercby d�re�l�carh tenant of
<br /> the Property W puy thr rrn1,Ii,Lender ur Lcndrr;agrm.. H����r�•er. pri��r ta Lcnder'+noticc tn B�xrower uf Burmwer. i�.. •:
<br /> bmach c�f uny cavennnt nr agrecmcn�in Ihr Srcurily Im�rument.Bum�wcr.hall rolkct und r�rri�•r:d I rrnt�and rcvcnur+at� �
<br /> .� thc Pmperty a.tru.tcr far thc Fxnrlit u(l.rnJcr und Barrrn�cr. Thi.a,.i�nmrm of r.nt..om�iwtc.an uh,olutc�.+•ignmrnt ;
<br /> �
<br /> � . and not an ati�ignmrnl litt aJciinnnal.crurit}•unly. �
<br /> u_ ..��...p..... ..6..11 h..h..l.l h� p.umurr:��tr11�IPP
<br /> _-- = 11 Ll'OdCf�IYCe IlO11CCU1 t�R'UCII i��n��nuwc�. i.�i.m��ii:,P.::::...... ....�..:i:-:.'........ ._ ...._ _, _. .. F
<br /> � for h�:nciit�iF L�nJrr unl�.w tk up�ilied tu�hr .umti•�rurrJ M thc tircuril� In.uvmrni: ih� l.cn�icr ,hall tx entiUeJ t�, :
<br /> , collrct und r�reive aU uf thc rrnh��I thr Pru�m:anJ�ri c.�rh Irn:mt ��I the 1'm�xhy •hall p:i� ull r�nt.dur anJ wipaiJ 1��
<br /> Lender or Lrnder±agent un l.rnJrr' �ti nurn Jrm;inJ ia the tcnant.
<br /> B�tti��wcr ha. nut cxr.uicJ any pnnr a,.i�.nmeul ��I ihc rrnt�and ha, n��1 :►nd�v01 n�n �nhi�nn am•act lhsu u„id�i
<br /> , , prrvcnt Lendrr from rxcrci�ing it.riEht.undrr thi�I'ar:►graph In.
<br /> LenJcr�h�ll not Ix rcyuircd w rntrr u�x�n.�alc runtrul „1„r maintam thr f'ruprm hcli�rr u� altrr�i�in�:n��n��r�,1'
<br /> brcach tu Burto��cr. HaNC��rr.L�ndcr ur a juJiciall� appuinlyd r�r���cr nta� die tin ;u am tuih• tl�rrc i�a hrrarh. :�m
<br /> � applicalwn af mnt••h�dl nid rurc��r��ai�r am drl:wll��r m�ahdal�an�u�hrr n�hl ur rcmrd� ol Lrnd�•r. Thi..�••��!nmrnt
<br /> of rcnl�ut�thc 1'ru�xrty•hall tcrniinatr��hrn�lir drht�ccurcd h�Ilir tir.un�� lu.uument n�,;ud m lull.
<br /> , � ��ti,e�+,�r�i�,,c„�
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