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<br /> payments.which are refemed ta in Prwgr�p� 2,or chRnge�he�nounl of wch p�yment�. My oxce�r procodls ova�n
<br /> � amouMreq uirod to pay�II ouwwdin�indebtedness wder Iha Note arid Ihir Security In�uwnent�iull be p�W W 1he editY
<br /> -- � le��lly entitled there[o.
<br /> — B. Feea.Lender tnoy collect fces and chwr�rwihorized by the Secrctuy.
<br /> .';� - 9. Grnund�tor Accek�qoa dDebt.
<br /> (a)Defaulb Lendar may,except rs limitod by re�ulatia�s ircued by thc:Secrc�a�in�ho cace of payment defaulu,
<br /> � �equirc immedivm paymcnt in futl uf all suma securcd by this Security Inspument iE
<br /> ' (i) Horrower defnultr by ie�ling to pay in full any monthly payment requircd by Ihic Security(nswn�eM pdor
<br /> �''� to w on the due date of the next monthly pRymem,or
<br /> - *:�', (ii)Bortower defaults by failing.for a pedod of thUty days,to perform any o�her�bliQatiaw conuined ia thls
<br /> ��;.;:��:,-=h'`,• Security Insuumen�
<br /> _�u��,.:N Ib)S�Ie Without Credit Approv�l. Lender shall,if pertnitted by applicaWe law end with the prior app�owd of the
<br /> .� °��� � Secrctary.rcquire immediate payment in full of all the eums securrd by this Security Instroment if:
<br />'-�=��`:��';��'�, (i) All ar part of the Property,or a beneficial intercst in A�yt owning all ar part of the i�+operty,is sold or
<br /> ���+-� aherwlse uansferred(other thon by devise or descenU by die Borrower.und
<br /> =--�—�� (ii)'Che Property is aot occupied by the pu�+chaser or grantee as his ar her principal residenco,or the purchasu
<br /> _ ��-.-- or grnntee does so occupy the Propeay buc his or her credit ha� not been upproved in accardonce
<br /> �l:a�� with�hc requircments af�he Secretwy.
<br /> =- (e)No Waiver. If cireumatances occur that would permit[.end�r�o reyuirc immedinte payment in futl,but Gender
<br /> - — ���;�� � doea not require suchpayments,Lender does�t weive i4g�ights with respect to subsequent eventa.
<br /> � ' ld)Re�uladoaR at NUD Secretary. In many circumstances reguladona issued by the Secreuuy will limit Lender a
<br /> '�.,:i;.s__.. rights, in the case of payment defaulta, to roc�uire immedia�e payment in ful! ond foreclose if notpa�d. This
<br /> ___ _ - - Security Instrumant dces not authorize accelerauon or foreclosure�f not permitted by regulations af the Secretary.
<br /> r�:;;;;���^���T�x`� '�.� (e)Mortgage Not Insured. Borrower agrees tha�shoul d t his S e c u r fty I�surument and�he note secured ehereby not
<br /> �-��-.;;'�1°�'�`':`" be eligible for insurance unckr the Nutional Hausing Act wi�hin B months from the
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<br /> : ,�. datc hereof,l.ender may,at its option and notwilhstanding anything in Pazs�gr+►ph 9,require immediate payment in
<br /> -'.:;_`,, l, � • full of aU sums securcd by this Securiry Insdument. A written stwtement of any authorized agent of the Secretury
<br /> '' ?�.��, dated subsequent to 8 months from the date hereof,declining to insure this Security
<br /> �-:�-:. . r• : '.:
<br /> = lnstrument and the note secured thereby,s�all be deemed conclusive proof of such ineligibility. Notwithstanding
<br /> '�`�` , +� the fore oin �his o dvn ma not be exercised by Lender when the un�v�ilubility of insurance is wlely due to
<br /> :f..� �,,� � � S� P Y
<br /> " ,, Lender's failure lo remit a mortgage insurnnce premium to the Secretary.
<br /> � ``���_.. ,,• ,• `` :. enl. Bortower h�:a ri ht to be reinrtated if Lender has required immediate payment in fu!!becouse
<br /> �-,rs � . .. ]0. Relnatatem R
<br /> �s,°' ti
<br /> __ - „ p., .. . „�.,°.� of Borrawer§ failure to pay an amount due under�he�Note or this Securiry Instrumem. This nght upplie, even after
<br /> '�� ,;:� foreclosure proceedings ure insliluted. 7b reinstate the Security Instrument. Borrower shull tender in a lump sum all
<br /> �'�'� --� ametsnts res;wsrd m bnng p�*�Werc account currenl including,to the extent ttiey ure abligations of Burrower under this
<br /> x��''� ���.��t`.; Y Securily Inswment,foreclosure ca,ts nnd reasonable und customary oltomeys'fees and expenses properiy associated wiiii
<br /> � ' '���'�� � the foreclosure proceeding. Upon reinstutemenl by Borrower,this Security Instrument and the obligations that it secums
<br /> -- . .,, �
<br /> .. ,.:��, , shall reinain in eficct as if I.ender had not required imrnediaic puymcnt in full. However.Lender is not required to permit
<br /> reinstatement if: li)I.ender hus accepted reinstatement after the commencement of forecloyure proceedings withm two
<br /> e
<br /> .. . ' years immediately preceding the commencement of a current forecbsure proceeding. (ii) reinslatement will preclude
<br /> •� � foreclosure on different grounds in the future,or(iiil reinstutement will adveruly s�ffect the priority of the lien creuted by
<br /> ' ` � this Securiry Instrument.
<br /> 11. Borrower Not Released; Forbearance bv Lender Not a Wafver. Eztension af the �ime of payment ar
<br /> � �-� ' modification of t+monimtiun of the sums secured by�his Sc:curiry Instrumenl gramed by Lendar to any xuccessor m mteretit
<br /> " ; of Bortower shall not operute to relense�he liubility of�he oriFinul Borcower or Borrower'.s surcessor m interest. Lender
<br /> . `� r�;, shell not be reyuircd to commence proceedingx ugum�t any�ucce.wr in interesi ar refwe to extend time for puyment or
<br /> �•- ;:,,;;..�,;, otherwise modify umonizuiion of the sums xecurcd by thi� Security Instrument by reasun af any demand mude by the
<br /> • '•M'��•'�t•, original Born►wer or Borrower w successon in int�rest. Any fortx:�ance by Lender in exercising uny right or remedy shull
<br /> � ���:•'�{�y�f� not be n waiver of or preclude the exerci+e of any right or remedy.
<br /> ����t, � � � 1Z. Successors and Assigns Bound;Jolnt and Several l.iAbillty:Co-Slgne�s. The covenAms►u�d agrcements of
<br /> . ,, '`''' , this Security Instrument sh�ll bind und bene�t the�ucc�ssurs nnd us,ign+of Lender:uid Borrower,�ubject to the provisions
<br /> � ��" °. ' of Paragraph 9.b. Borrower� covenants und agreemenls shull br ,joinl und uverul. Any Bortowe� who co-signs this
<br /> Securiry Insuument but does noi execute the No�e: (u)is co-signin��his Serurity In.trument only to moAgage,gmnt nnd
<br /> '''i'�.``� ;� ° �. convey thet Borrower's interetit in the Property under ihe term.af this Security Instrumenr,(b)i.nat personc►Ily obhgnted to
<br /> � •_,� puy the sums secured by this Sccurily Intitn�menr and (rl agrees thut Lender nnd any other Borrower muy agree to extend.
<br /> , , �•�'°' i� � modify,forbet+r�x make uny uccummixlntiun,with re�ard to the terms cif this S�curity Ins[rument or the Note without thAt
<br /> '"��` . Borrower's consent.
<br /> � 13. NoNce�. Any nolice�o Borrawer provided far in this Securily In.trun►em xhall be given by delivering it or by
<br /> � fi�-• • " mailing it by first rla�s muil unletis npplicuble luw reyuire+ u.e uf unother meihcxl. The notice shall be directed to the
<br /> � ' Propeny Addrrtis or any other address Burmwer designa�ea by nolice lo Lender. Any nrnice to Lender shnll!�e given by
<br /> .. first class mail to LenJer+addm�s stated herein or any sddm�+ l.emicr dc.ign•rtcti hy notice to Born�we�. Any notice
<br /> Qrovided for in this Sccuri�y In,trunxnt shall be dcemed ta huve Ixcn givcn to Horraw�r nr L�nJcr when given uti provided
<br /> m this purugtaph.
<br /> � 14. Governing Lew;SeverabUity. This S�curity In.trum�nt.hull Fx guvemcd Ny Ftidcral luw ;mJ the luw of thr
<br /> jurisdiction in whirh the Propetty i�IcxuteJ. In the�v�n1�hai am� pruv�aun ur cl•ru��of thi+ S�curily Inxwment or the
<br /> Note conflicts with upplicublc law,+uch runflirl .ha11 not affect uthcr pnn•i�ion+ of thi.Seruriry Imtrument or the Notr ,
<br /> which cun be given rffert without Ux contlirtinF prnvi.ion. Ti�thi.end the pnn•i.ion,of thi�Sccurity Imtrumcnt wk1 the
<br /> . •• Note ure declnred iu he+cvrrablr.
<br /> � I5. Borrower's Cop,r. eorruwcr�hall lx given�iik cuni'urn�rd cupy ut'thi�Sc�urity In+trumcn�.
<br /> . 16. A�.Si�nmeal of Rents. [3oRUwcr wtconditiunally a,tiigr�and Iran.fen w LrnJcr ull thr rrnu imd revcnuc.of the
<br /> , �.. .,���, propeny. Borrower uwhorir.r.Lrnder��r Lrn�kr',ugcnt.lu callect the ren�.and rrvcnur�und heRBv Jirects c•rch tenunt uf
<br /> ' �hc Property to pay thc renl+tu LcnJe�or Lend�r'+a�cnt.. H�»vc��er,priur tu I.cnikc+notice ro Bom�wcr of Born�wer+
<br /> brruch c�f uny covenum��r agrcem�nt in the Srcurity In.ininx nt.Burn�wrr.hall cut Irrt:uK1 rorrive ull rtnts and revenue�af
<br /> the PropertJ•u�trutitec for Ihc lxnetit of LrnJer anJ IiuRUwcr. Thi�a+.i�nmrrn ut rcnt�con.titwe�an uh+olutr ussignmcnt
<br /> nnd not an ux,iEnment tiir�Jditional.rcuriry unly.
<br /> If 1 rn,k•r viv..nmirr of hrearh tu Bonvwcr. �u 1 ull mnl.rccri�cJ h) Fiom�wcr.hall bn c�ld M• eorn�wrr a.uu��rr
<br /> .- - ---- for henefu ot'Lcndcr only.tu tx applicJ tu �hr tium+ .ccunJ h�• 11k tirrurity Intitromrnt: Ihl LenJrr ,hau i+c enci�icu�u
<br /> " •• collect und mceive:�II nf the rem.��f thr Prurxny:�uni�cJ cach trnimt��f the 1'n�xnp tihall pa)• ull mm,Jur and unpaiJ t�►
<br /> �• Lender ur Lendcr+agrnt on LrnJcr.wnttcn JemanJ ta thr trnant.
<br /> Bortuwc:r hu� niK executeJ :+ny prior us�ignnxnt i�f thc rcnt.anJ ha� nai unJ H�ill nut �xrli�mi ;my uct th�t w��uld
<br /> prevent Lender fmm excni.ing il.rights under thi,µaruEruph 16.
<br /> o Lende�r+hull nut tx: reyuiRd tu enter upun, t:d� rontrol uf or main�ain tlx F'roExrny Ixlorr ur aftrr�:iving nulicc ut'
<br /> breuch to Borruwcr. Huwcver,Lcndcr or u juJ�c�ully ap�x►intcd reccivrr may d�� .0 at any �imc lhcrr i+ a hrcarh. Any
<br /> � • upplication at'Rnt�+hull nut cure��r w�ivc uny Ja:l'ault nr im•aliJatr;ioy uthrr right nr rrmcJ��uf l.rnJrc "Tlii.a.�i�.nmrnt
<br /> of rentx ol'�he F'ropeny.huU tcrtninuie when the d�bt tiecureJ hy ihr Securuy In��niment i�paiJ in tull.
<br /> • ,�ue,.r„�1 p��v�•,�
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