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<br /> =-_'��'��°_^""�a� , paymenta,which are referred ta in Parugra 2.or change the amount oi hurh puyments. Any excess prucee s o er an
<br /> Y _ . omaunt rcquircd to pny all outswndinp inde�edness under the Nae ond this Secunty I�suument a�hull be paid to�ho ent�ty =--
<br /> R'""�•�^�;j,� I�Qally entitted�heato.
<br /> r'� �. • B, peea l..endar mpy collect fees ond char�ea uwl�orized by the Secrcwry• —
<br /> �N:�c�`,. � „ 9. Grounds�or Acceleradon otDe6l. —
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<br /> `'�'`'�- ` la)Det�ulw L.ender may.eacept as limited by regulationa icsued by the Secrc�ory in the cuse oi payment de�u 1s, —__
<br /> �'¢�.�� rcquire immedtace payment in iull of all sums secured by this Secu�ty In.rtrument if: =_
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<br /> �,�,- �� _ (�)Bormwer defaul4g by failing to pAy in full any monthly puymem reyuired by thi�Secudry Inxuument prior
<br /> - 'F '"� �V �' to or on the duc dute of thc next monthly payment,ar �°--
<br /> '...i r.;r. •.. � . , —=_r--—
<br /> :�.�;; (ii)Barrower defnults by tafling,for a penod of thirty dayF,to perform uny other abligutions contuined in this 1 '�
<br /> Securfry Instrumen� Q*`';�=v ��--
<br />"�"�"�''t���''`' (b)Sple Without Credit Approval. l.ender shull,if penniued by applicuble law und with the prior approval of the
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<br /> `'�i,;;_:. , Secretury,require immediate payment in full of all the sums secured by this Securiry Instn►mem if: i -
<br /> (i)All or part af the Property,or a beneficial interest in a trust owning All or part af the Property,is sold or _
<br /> • �� . othenvise ttansferred(uther thon by devise or descent)by the Barrowcr,und _._
<br /> s, ?. (ii)'i'he property is not accupied by the purchus�r ar grantce s�s his or her princip�l re�idence.or the purchaser �:.�'_,____ __
<br /> `"�°•�-'•��� or grantee dces �o occupy the PropertY but his or her cmdit hus not been Approved in accordance �
<br />;;� with the requircmen�c of the Secrewry. —
<br />�, (c)No W�tiver. If circumstances accur that would permit Lender to reyuire immedia�c payme�t in full.bu�I.tnder - _
<br />; daes nat require such Payments,Lender dces not waive its righu with respect lo subsequent events.
<br /> will limit Lender� a;,-:::_-
<br />�;,; Id)Rey�uWtions of HUD Sesretsiry. In mony circumstunces regula�ionx issued by the Secrettuy � _r_:_
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<br /> �� . righ�4, in the cnse of payment defeults, to re�uire immediA�e payment in full and foreclose if not paid. '1'his ��.= `
<br /> >_ ,. ,,.. _ . Security Instrument does not authodze uccelerauon or foreclosure if not permitted by regulations of the Secretury. r'�-
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<br />� �' (e)Mot�tgnge Not losured. Boirower ugrees thut ghould this Security Instrument suiJ�he note secured themby not � , ---
<br />�►�:, �r� �� be eligible for insuronce under the Na�iunal Housing Act within � � :�:. fmm the _ ,�,
<br />� ,-�Lt�C"`�' date hereof,Lender mny,at itx optian und notwithstunding anything in Pnm�Aph 9,requirc immediate payment in �r__
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<br />��.: g•. , °.. � full of all suma secured by thiz Secu�ity Instniment. A written stutement of any authorized Agent ai'the Secnetury � ,�
<br /> � '^�� ' • dated subsequent to � ��,� .;;.� from the dute hereof,declining to inyure this Security =,�
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<br /> i$t Instrument And tha note secured thereby,xholl bc deemed conclusivc proof af such ineligibility. Notwithxtanding �;;,`,,
<br />;� r ; . • the foregoing,this optian may no1 be exerci�cd by Lender when the unavuilubility of inaurance is solely due to �._,-u-
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<br /> - ' I.ender`s failure to remit a mongage insurance premium to the Secretary. �'�.``��
<br />�*=;�� ' 10. Reiastatement. Boirower ha�+ n right to be reinstuted if Lender hus reyuired immediate payment in full because �.S�__,
<br /> r ' of Borrower's failure to pay nn urnount due under�he Note or this Security In.r•trument. 7'his nght applie+even afler —��_
<br /> JL�. �..,, ' fareclosure proceediogs ure instituted. To reinxwte the Security Instn�ment, Borrawer shall tender in a lump sum all ,,. �._
<br /> _ ��nig r�uired to bnng Borrowers account current includin�,to 1he extent they Are obligntions oi Bortower under this �au.v. ,
<br /> Security Instrument,foreclosure rnti�c and reusonable and customury uttomeyti iee.unJ nx��iaes�roperly asx.xiattd teitls ;�;y_,
<br />, �•'.� ` the foreclosure proceeding. Upon reinstutement by Borrower,�his Security Instnrment;md the obligcnions that jt secures �-„�-,,;__
<br /> ' ' shall remain in effect as if l.ender had not required immediate puyment in full. However,Lende�is not required to permit ��,�.__
<br /> reinstatement if: (i) Lender hax accepted reinst�tement after the cammencement of foreclosure proceedingx wi�h�n two �f_�
<br /> ;, yearx immedintely preceding the cammencement of u currenl foreclosure prcxeeding, liil reinstatement will preclude _,���.�,.,,
<br /> • foreclosure on different grounds in the future,or liiil reinstuiemen� will adver�ely uffect the priority of the lien cmated by �+µ�.��Y
<br /> " thia Security Instrument. •�.`•"'��-"��
<br /> 11. Borrower Not Released;Forbcarance bv Lender Not a Walr•er. Extenxion of the time of payment or . . ,
<br /> modification of amonizution of the sums+ecurcd by this Security Instrument granted by Lender to uny xuccessor in mterest `�•• {:�: �
<br /> of Bortower shull not operute to releutie Ihe liability of thr originul Borrowcr or Barrowerg succeswr in interert. Lender 1,-�•=-: -
<br /> � shall not be reyuircd to commence pro�:eeJing�: uguin.�any succe.�nr in interest or refuse to excend time for pnyment or : ,.
<br /> otherwise modify umonizution of the+ums .ecured by th�.Security Ins�rument by reuwn of nny demand made by the j.:,• .
<br /> , � , . , original Borrower or Bortower's succe.xon in intere+t. Any furbev�:�nce by Lender in exercising uny right or remedy shell �_�j.��:: -
<br /> not 6e a waiver of or preclude the excrcise ot�uny right or remrdy. ,�.
<br /> . 12. Successors and Assigns Bound; Joint and Several Liability;(:o•Signers. The covenants and agmements of ��,�si,. __
<br /> , � � Ihis Security Inslrument shall bincl und benefit th�tiuccesson und u+sigm of LrnJer:u►d Bortuwer,subject to the provisions
<br /> � ' • of Puragruph 9.b. BaROwer's covenu�ts and agreements shull be join� unJ �rveral. Any Borrower who co-signs lhis �;;--�?�-
<br /> - Security Instrument but dces nol rx�cute�hc Nrnc: (u)is cu-.igning this Sccurity�In.lrument only w mortgage, gmnt and �
<br /> • ,j,�; � ; convey thnt Barrower�intcrest in the Piroperty undcr the tcrnts of this Security Instrument;(bl is not penonally obliguted to
<br /> � •e.thut Lendrr and:m•i�lhrr Borruwer muy ugree toextend, �'1��� 4��.. Y
<br /> � . � pay the sumw yecured by this Srcurity Inti�rumenl:and(r)u�.n >
<br />� ,`"' � mod�fy,Parbeur or mukc uny uccommociulions with regurJ to thr lcmn c�f thix Securiry Inslrument or the Note without that �-'.�- _
<br /> Borrower ti consent. r`�Y�-�--
<br /> ' - 13. Notices. Any noticc to Borrowcr pn�vided ii►r in thi,Srcurity Inxtrument �hall hc givcn by delivering it or by --:•i•.w,;.;.
<br />• ' mniling it by tirtit clus.mail unlc,s applics�blr law rcquiro+uu ot':uiothcr mr�h�xf. The nuNre �hull be directed to the
<br /> � Property Address or uny rnhcr addresr Borrowcr dc�iFnulc�My nulire tu LenJcr. Any notice la Lender�hnll be given by
<br /> fint clt�s muil tu Lcnder's •rddre���tatcd hcrrin or uny uddrcs, Lendcr d�+ign:uc� hy nu�ire to Borrower. Any natice
<br /> provided for in Ihir�Security Intitrumcm �hall Ix decmed w have Ixrn�iven to Horrower ar Lcnder when�iven As provided � .
<br /> .. � in this puragraph.
<br /> • 14. CoverninR Law: tievers�bllity. 'Tlu� Sccuri�y Imtrumrn�,h:dl Ix govrmcd by Fedcral Irw ;uid the 1•rw af thc : .
<br /> �. jurixdiction in which the Propert�• is lixated. ln thr evcnt Ihat am•prnvi.ion ur cluuu uf thi,3rcurity Inxtrument or thc ,,,,
<br /> Notc contlic�s with applicuble law,tiunc�unllict ,hall nul :iflcrt uthcr pruvi,ion.of thi,Securiry In.trument or thc Note U �
<br /> �'' ' . whinc�:�n tie given effect wnhout tt���mtli�ting pruvi�iun. �i,diiti enJ�hr pru�•ision•��t'thi�Srrurity Inxtrument and the '
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<br /> . . ' � Note ure declured to lx+everahlc. ��
<br /> ' 1S. Borruwer's Cupy. Bi,rrower,hall Ik�i�•en un�cont'uttncd rupy ol th�.tiecurit� In�trumenl. •
<br /> 16. Assi�nment oP Rents. BoRawcr una�nditi��nalh•a.�ign�:md�ranti�cr>���l.rnder all the mm.and revcnuc�of the �{
<br /> pro�x:rty. Borrower authoriic,Lerxler or Lrndrr'�ugrnt�iu roll�c�thr rcnl�and revrnue�:md hereby direc�x each tenan���f ���,
<br /> Ihe Prapeny to pay thc ren�ti tu lxnJer ur L¢ndcr;agen�.. Hou•cvcr. priur tu l.endcr�notice tu Rorrower of Borruwer's ,;
<br /> brcnch of uny covcnunt ur:�grccmrnt in�hr tirruritr Imtrumcnt.B��rruwcr tih;dl roQ�ci unJ nrcivc�II rcnt�und n vcnuc+ot' �';
<br /> ,.,.. the Propecty u�tru+ter f��r thr Ixn�tii of Lender and Burt�,��cr. Thi�:�..ignment of«nu c�mµtitutez an i�h.olute n�signmcnt `
<br /> � su�d not an axsignmrnt ti�r uJditi�mzd wcurity unly.
<br /> If l.ender¢i�es notire uf hr�uch tu Rurn�wrr: �a�all r�ntti rrcei�rd hy Nurruw�r sh:dl ix heW hy Burn�wer:u�rutiter !.
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<br /> I — _ ._T__: . for beneiit of LenJcr unly. to he appli�J tu th� +wm +rrured M• �Itr �erurny imirumcni. ii�i 1.ciiuci .,��..�. .� :��...... :: -
<br /> �, collect unJ rercivc ull uf the nnt,u(thr Prupen��:anJ�r)�arh trnant ul thr F'ruprrt�•,hull p•ry aU rcnt�dur and unpuiJ to
<br /> • �� Lcndcr or Lrndcr:u�;cm on LrnJrrti wriucn dcmund t��thr�rnant. �
<br />, 8orn►wer hu,not exrcutcd any priur •r.�i!tnmcnl ul'ihr nn�•anJ ha.nut and ��dl nut prH��rm :my :kt thut would ��.:� .
<br />, prevent LenJer t'rom rxcrci.in�!it+right,undrr thiti I'ur.�kraph 1 h. .
<br /> Lendcr,hall nul tx�reyuircd to cnlcr upim.1;dr runuul uf ur maint►�in thc Propert)•lxfurc ur aftcr�ivin�:nwicc uf .
<br /> bn�rh to Burn�wer. Hi�wrver. Lendcr ur a�udicially upFxnntrd r►cci�•cr may J��,u�t am limr �hcrc i+a brcach. Any
<br /> upplicuticm uf mmr.hull nut cure ur waivr uny dclault ur im•ulidatr am uthcr riEh��,r rrmrdy ot�LenJrr. T'lii,�.•ignmait
<br /> uf rcnls of ttw Pruperty+hull tcrminulc ��•hcn thc dcht,crurcd b��Ihr 5rrur�t�Inrtrununt i.paid in t'ull.
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