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<br /> p�Ynxm�, wAkh iue aPcmed lo in WraQ�ph 2,ax chan�o�hc+uiwu+n af ,�uch�►ymenu. My eaacs proceodo over nn
<br /> — rmauntroqulrod ta pxy all out�trndin�inidebtodne�s w�de�Ua Not��nd�ix Sa:urfty Insuumont shdl be paid 101ho mtity
<br /> � Ic�dly entfcled thercta.
<br /> 8. pees,L,ender mny rollxt fas end charQes uuhalud by the Socrowry.
<br /> ""� �. Groradi for Accekradoa oi DeW.
<br /> ' � ��� � �a)Derwul� Lender mey.exapt as Umited by regulations iesued by�he Secretnry in the case of payment defwEt�.
<br /> ' roqulrc immedi�te payment in full of all sums cecurod by this Securtty Insuument if:
<br /> ,�: Y• (q Bomower defaults by failing to Qay in full any mon�hly peyment rcyuired bY this Security lnwument prwr
<br /> � 10 or on the due dete of the next monthly payment.ur �������e
<br /> --' (ii) Bomower defaults by failing.fa a ponod oi thirty days,to perform�ny ochar oDL�ions
<br /> -__=_;':-� Security Instrumen� vel of tbe
<br /> —�'�'=-'Y:� . (b)S�le Wltlwut Cred(t ApprovAl. l.enckr shall.iipertnineci by applicabl�[aw ao�with the Prior W►Pnn
<br /> --- Socn�ry.requirc immedia�e payment in full of all the sums securcd by �q�E���if: ��d�
<br /> ��~�°�+<�;, O)All or part of�he Pruperty ar a benaficiul interest in a uust ow ai0 a vf the ProPenY•
<br /> �.;:�„ dherwise uensferred(other thun by devise or dascent)by the Bonower,anct
<br /> `- ; . — (ii)The Propeny is not accupied by the purchaser or granta as his or�ter�K�ral residence�in�ac�rnndu�ice
<br /> ,�,`.::�` . • PY �'�PertY
<br /> a,, .�,,, , ; ' a grnntce does sa cecu ihe but his or hu c�edit ha� �ro�t beea app�o
<br /> --�:��;�;�,.: . � with the nquirements of the Secreuuy. ht{�full.but Lender
<br /> ----��"" ""' (c) No Walver. If circums�ances occur�hat would permit L.ender ta Rquirc imiao�cdiate paya+e
<br /> ���� �� daes not r ulro�suchpay me�ts.Lender does not waive i�s ri h�s with res t ov e�rnt�.
<br /> —__s;�*^ttSIT.dBi�°
<br /> - ��. Id)Re�uladoas ot HUD Secretary. In many ci�cumstenceBregulations issu�d by tbe:S�ecretary will limit Lender's
<br /> =_'�••��s��';� rights, in the case af payment defaults, to reyuire immediate payment in fxill:an���reclose if natpa id. This
<br /> __—;,�,��; S�curiry Instrument das not authorize accelerahon or foreclosure�f not permitted�by��.~ufalions of the Secretary.
<br />_= �, " �".`��.+u� (e) MortgAge Not Insured. Borrower agrees that should this Securfly Instrument a:�t1�e nate secured tl�ereby not -
<br /> ���ti �r;-*'�:"� be eli ibl�for insurance under the Nation�l Housing Act within g �o�t�: from the
<br /> �`��+!�� Ti��'•}�����``�� date hercof,l.ender n�A at its tbn and notwithstnttding nnything in Parograph 9,require immediute payrnent in
<br /> �;��...:�f,G�;, '; y, �.
<br />-���:�� a,,'�s�;',vt;�.�. full of all sums secured by this Security Instrument. A written s�atement of any authorized agent of ihe Secretary
<br />='=�.� �'�5��!{%",�': • datedsubsequent to 8 month� from the date hereof,declining�o insure this Securiry
<br />�::_-���':���••������ ' Insuument and the note secured thereby, shull 6e deemed conclusive proof of such ineligibility. Notwithstanding
<br />:y,,,y.�=a�-�.�. �.
<br />-=�=:�l��f:�;_.�^;�,:. . ., the foregoing,�his option may not be�xercised by L.cnder when the unavailAbility of insurance is sole y ue to
<br /> ��` +����(3� �� I.ender's failure to�+emit a mortgage insurance premium to the Secretury.
<br /> `''�`��'�°�-�"=•_�"" 10. RdnstWement. Borrower hac o ri ht to be reinstated if Le�der hac required immediate payment in full because
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<br />- � ���;���,;;t� :��,,; of Barrower�failure to pay an amaunt due under the•Note or this Security instrument. This nght applies even after
<br /> ''':� �;�ri'f- ';.,'r� forecloaure praceedings am instituted. To reinxtate t h e Securiry Ins�n�ment, Bonower ahall tender in A IU111P 3W11 �1U
<br />--=�=_'�,�� " :4,'�_._,, amaunts reqaired to bring Bortawert accou�t curnent including,to the extem they are obUgatiuns of Borrower undec this
<br /> �;• ,:?iz's?�t''-- Secu�ity Insuument, torecMsure caFts nnci reasanabie and cuswmary aHu�uaya'fees and c�penses psnpetly assoe�wl�h
<br /> �r.�.�.,
<br /> ' .+:;,.`••:.� the forrclosure praceeding. Upon reinstatement by Bo[rnwer,thig Security Instrument and the obUgauons nt it secures
<br /> �� ''`�:�' �' shall remain in effcct as if Lender had not►ec�uired immediate payment in full. However,Lender is nat required to�ermit
<br /> ' ° �``' reinstatemem ifl (i) Lender has accepted rcmststement uf�er the cummencement of forecloxure proceedings with�n two
<br /> ���,� µ+ years immadfntely preceding �he commencement of a current fureclosure proceeding, (ii) reinstaternent will preclude
<br /> _ �''�'�• ° • foreclosure an different groundx in the future,ar liii)reinstatrment will udvcr+ely uffect the priority of the lien creuted by
<br /> . �i�. • this Security Instrumem.
<br />- ��., ll. Barrower Not Released; ForbearAnce b� l.ender �iot a Wi�lver. Extension of the tirne of payment or
<br /> modi�cationof wnonizution of�he sums xer.uRJ by thix Securl[y Inrrrument grun�ed by Lender to uny xuccexwr in intere+t
<br />'"��' ��'`'' ' of Borrower shuli not operate�o mlcuse the liuhilily of thr ori�einul H�xrowcr or Hormwer+tiuccexsor ro intemxt. Lcnder
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<br /> , � A:;��� ahuU�W be reyuired�o commenre pme�cding+agam,�unY+uccca+ur in interex�nr refuse to extcnd timca for p•rymrnt or _
<br /> ' � .� ��.. otherwisc rnadify u�nunixa�ion of�hc +ums ucumJ My thi, Sccurity In+trumrnt by rcuxon of uny demand mude by thc
<br /> _ �_,� . oriRinul Borrowcr nr Borrower's surrc.+��n in inter�st. Any tixlx ur+ruc by Lender in eacrcixing;u�y right or rcmedy xhall
<br /> _ � � not be a waiver of ur preclude the exerci+c of:my right ur rem�dq.
<br /> . 12. Successors and A�slRns Bound;Jolnt ond Severoll.iaDilily; Co-Sip�nerx. The ruvenantx nnd ugreements of
<br /> •�'x ^ this Security Instrument+hull bind und benefit the succcw.rur,:►nd•r.+xignx of l.ender and Borrowrr,.ubjeci to the provisions
<br /> .. "' of Paragrnph 9.b. Borrower;covenuntti und ugreementy yhull f�jc�int und +u:veral. Any Borrower who co-signs this
<br /> - �.;F Seeurity Insuument but dces not exrcute �he Note: (u)is co-yignin�t thi.r Security Inti�rument only to mortgage.gmnt und -
<br />-_f:� convey Ihat Borrower�s intcrest in ihr Propeny under the termx��l thir Se�urity Instrument;(b)is not penanully�blignted to
<br /> pay the sum.�secured by this Scrurity Instn�ment:und(c):tgrecs that Lcnd�r;u�d uny nther Born�wer mAy ogrce tu extend.
<br /> ; .._ •� . • modify,forbear or moke any uccommcdutinns with regurd to th�t.rtnw�t�thi�Security In,trument or thc Note without thut
<br /> 8orrower's cansent.
<br /> � ' - � � 13. Netices. Any notice to Borrower provided for in thi:�Security In.rtrument shall he given by delivering it or by
<br /> .°- " ;�:. ' - ' � mailing it by�rs�closs mail unless applicuble Ivw reyuires uNC of:u�oth�r methai. Thc notice shull be dimeted to the -
<br /> � Propeny Addre,�or any uther address Borrower Jesignutcs hy n��k�w Lcndcr. Any nuticr�o Lender tihull bc given by
<br /> �z.,,r��' , ' firat cless meil to Lenderz uddretis s�a�ed herein or uny aJdKS� Lender dexi�tnatr, by nutice ro Borrower. Any notice
<br /> , � �;?;Sr.�'.';�: �rovided furin this Security lrotrument,hall he dcemed�o huve F+ren given ro Borrowcr or Lrnder when given a�provided
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<br /> ��.:, � �n tni�purugmph.
<br /> ' •n;;•,•;:i;:•" � 14. Governing Law; SeverabiNly. This Security Instrumcnt �chull Fx g��verned My Federal Ivw and the luw of the ..
<br /> )urisdiclion in which the 1'ropeny is k►et+ted. In �he eveni ihut any nrovi�i��►��r clauy�ot'thi.Sccurity Inurument or the
<br /> Note canflids with ap�licuble law, such contlict ,hall nu�ut'tect �Hhur provisionv c�f Ihia Srrurity Imtrument ar Ihe N�xc
<br /> � which con be given effect wilhout the conflic�inti pnwitii�m. T.�thiv rnd thc provi�iom of thi+5erurity Instrument und the
<br /> 4 Note arc dcdared to bc severable.
<br /> l5. Barruwer's Copy. Borruwer�hull ix�:ivrn�mr cont��rnud cupy��I'thiv Se�urity Instrument.
<br /> 16. Assi�nment of Rents. Borrower unconditiunully as,igns und tranwfer.tu I.cnder�II Ih�r�nl.und revenue+uf the -
<br /> Propeny. 8arower au�horir.cs LenJcr�w I.rnJer'.ugrnt.torullcct ih.:niscs und revcnuc.r anJ herehy directx carh tcnunt uf
<br /> - � the Property lo pay thc rcnts�o LrnJcr ur Lcndcr:agcnt.. Huwevcr.pri.�r to Lcndcr:nutice to Dorrowcr of gorrowcr. �
<br /> 4 bres�ch of uny covenam ur atireement in the Srcurily In.trwnent.Fiurr��wer.huU�ollect and rcccive aU rems und�rvenue.uf
<br /> , ' "� the Property ae trustee tix�he lx nefit of l.cndcr arnl Hartuwer. Thi,a.+ignncent of rrntr canstitutes an•rb�olutc:�ssi�;nmenl
<br /> und nw un ussi�nment for udditi��nu)ucuriry only.
<br /> . If Lender givex niriirc uf bn�irh to Burrowcr: �a);dl rcnt.rrccivcd hy 8�►rrowcr,hall Ix hcld My Horn�wcr u+Iru+lrc
<br />-- . . . _ ._ . . . .. . . . . .. . ..... ..... �_.._..._._.. ,�, �.....,.._ ..w..0�... ....�:.i...� �..
<br /> _- t0� bC11Cf1[ OI LCIIOCf 011ly. to nc uppueu�o uK �unt� K'cu�cu ny u�a: .ic�u�uy u�,au��..���. w�.......... .• ••••• •••••..•.. ...
<br /> coUect ond reccive ull ot'the rent�uf the ProExny:QI1lJ(l'I C8l'Il Mtlilfll�1f I}1t I'ru�xrty�hull pu� all rcnt�du�and unpuiJ iu
<br /> ,.4,� Lenderor l.ender�ugent on Lender:wriucn demanJ tu the icn�nt. �
<br /> Borrower hati not rzecuted ;u�y pri�x us.i�nmem uf'ihr rcnt.unJ huti nut w�d will nin Exrtorm :my uct thot would
<br /> ' �•' ' prevenl Lender f'ran excreixing ila right.under t�is Puragr•rph 16.
<br /> ��'^`';� • Lendershall no�Ix: nywred tu cnter upon, 1;J:e cuntro)ut�ar rnuinwin the F'roperly Ixti�n or after giving noticr uf
<br /> ': . , ' bn:ach�o Borcowcr. However. Lendcr or a jalicially ap�uintcd rccrivcr muy do ti��at any timc Ihcre is •r brcarh. An��
<br /> ��,.��• applicalion of rents ,hull not curc or waivc any dcfault or mvuliJatc nny othcr nght ur rcmcdy of Lender. 'I'hi.a+.ignmrnt
<br /> ' , of renls of Ike Propeny shall�ertninatr when the deMt secureJ hy thr Security hi.trum�nt iv puid in 1'ull. ..
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