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<br /> . �ry,a:;:,:���:, 92�' i�0486
<br /> ., r�•:� `xi.�;•:
<br /> a �,;�y��:,� meMr.which+�re rcferrcd lo in Huagraph 2. ar changc th�amcwnl of xuch poymemK. Any careww pmccedx ovcr on
<br /> _ �rU�.ypIred tu pay all uutriw�dinQ ind¢btcdncr:unJer�hc Ndc and this Serudly Ituln�mcnt rhall be prlJ lu tho ontity
<br /> �wY..s •, Ie�dly ontillod Ihe�e.'lo.
<br /> �:��:*k��r � !1. Fee�, l.ender moy cullect keK und clwr6er�uthoriisd by lhe Socreuuy.
<br /> .`�a',�x�+,�,+'""�,M,`•ti� 9. 4roundr tor Acceler�tian of lkbt.
<br /> �n �`'�,'=•°t" ' � (a1 Defiult. L�ndcr may,except as limited hy regulutians isRUed hy thc Sccrctury in the cwc of paymcM def�ul��,
<br /> . �r�u�� � t+equlre immediwte paymen�in full uf�II Ruma sccurcd by this Serudty Instrumem if:
<br /> •.,��. ;.�;'�„.' li)Borrowcr defaults by failing lo puy in full any monthly puyment rcyui�ed by this Sccurity In�trument prior
<br /> -°�-�---�-�-:� �_. �o or un�be due dute of the next monthly puyment.ar r-
<br /> '�`�""�'�9�` (ii)Borrower defaults by failing.for a pedad of�hirty ds�ya, ta periorm uny vther obli�utions canluined in thio -
<br /> •�ti'.�- ....,.,
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<br /> ' ,,. Security Inst�ument.
<br /> - " -��:,::,, ., � �� (b)S�le Without Cndit ApprovW. l.cnder shall.if permitted by npp8c�61e law und wlth�he prlor opprovul of thc
<br /> -:� :.4.. , %:':� Secrewry.require immediete payment in full of all the gums secured by this Security Instrumem if:
<br /> :,:;�.�� .. . ' (i)All or ptut of Ihe Propeny,ar a 6eneficial in�ercst in e trust owning all or pnrt of the Property,is sold or _,_
<br /> :�_���— . .,� � otherwise tronsfened(other thnn by devise or dcscentl by Ihe Barrawer,ond _
<br />_ - (ii)The PropeAy is not occupied by the purchaser or gmntee ua his��r her principal residence.or the purchnser 6_ _
<br />���s• ' :' .. � or grantee dces so cecupy the F'rnpeny but hfs or her credit has na been approved in accordunce
<br /> �'.):� .'� • with the rcquirementg of the Secreury. --
<br />",_ ,� ; !�,: °� , � (c)No Waiver. If circumstances accur tha�would permit l.ender to requim immediate paymeot in full,but L.ender
<br />-���- daes not require suchp�ymems,Lender daes not wwve its rights with respect to subsequent evenls.
<br /> - �"�� .. (d)tt ladoas af HU
<br /> �_� ! , �. , � D Secreta�y. In many circumstances regulations�ssued by the Secretury will limit Lender�s _
<br />_'�ay� , ,•<�,,;,- riglNs. in the cuse of payment defauUs, to reyuire immediate pay ment in full and fareclose�f not pa�d. Thio __
<br />- _ .� „:i:•.'•;;�i��± ` S e curity Insuumen t does n o t nu t h a ri z e a c c e l e r a h o n o r f o re c l o s u r e i f no�p ermitted b y re gulutionsof the Secnet a ry.
<br /> , ; ; ..:,::�._.,.,....•:_
<br /> ;;. ' . (e►Mort g a ge Not Inaared. Burn�wer agrees that should this Security Insbument and the note secured tltereby not =-- -
<br /> _ •':�.' be eliBible for insurance under the Na�ional Housing Act within from the ����•ti
<br /> .';i. .. . .,�.,-•
<br /> . dalc hercof,Lender may,at its aptian and notwithstnnding anything in Para�raph 9.require immediute payment in _
<br />- " ',���=���• ' • full of all sums secured by this Security Instrumeat. A written s�atement of any authorized A�ent of the Secretnry �
<br />_- •�� :,s�:,�;,;: �:.p .,-_�
<br />- ' ':�;,;�,;1i�,��'^ ��� dated subsequent ta from thc date hereot;declining to inaun this 5ecuri[y ____
<br />- � In�lrument and the note secured�hereby, ahall be deemed canclu.ive proof of such ineligibility. Notwithstanding ��;�=
<br /> �� ° � "R � the foregoing, this option may no� be exercised by Lender when 1he unavailabili[y of insurance is solely due to _
<br /> ��f"{�1S• °� L,enderk failure to remi��+mort�age incurance p�mium to the Secretary. ���_
<br /> � •.'�,�'�.':}` : 10. Reinsfate�aen� Borrower hac a right[o be remslated if Lender hus required immeciiute payment in full because . -.
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<br /> • of Barrower's failure to pay an amuunt due under the•Note or Ihis Secur�ty Ins�n�ment. This nght applies even after
<br /> � � foreclosure proceedings ar+e instituted. To reinstate the Securiry Instrumern, BoROwer shuU tende� in a lump �um all `�-
<br /> _,,,,,�. ���•,�,,;,_,,.;,,,�„, t►mounls required to bring Borrower:s account curtent including,w the exlent Ihey ure abligations of Borrower under diis
<br /> '��` - . Security Ina�rument,ioreclosurc co,t�+u�d��u+�►iiable and custamary attumeys•'fee:snd expen�:es�r�!y a�.s�ciated with
<br /> . the foreclowre praceeding. Upon reinzta�ement by Borrower,this Securily InFtrument and the obliFuuuns Ihat it secures
<br /> �•���.� ' shill remuin in effect us if Lender hud nw reyuired�mmediwe puymem in full. However, Lender is not r�eyuired to permit -
<br /> '' • o reinsu+tement iL• (i1 l.ender has uccepted remstutament �+fter the commencement of foreclosum praceedin�s withm two __—
<br /> . a yea� immediately precedi�g the rommencemeni of u current farccb��ure pruceedin�, (ii) reins�ntemem will preclude --
<br /> farcclosure on different ground+in the fu�ure.or liiil rein,iutrmem will advenely uffcci thu priority of the lien creuted by —
<br /> this Security Instrument. --._
<br /> � 11. Borrower Nol Relea.5ed; Morbearance b� Lender Nut a Waiver. Extantiiun of thc dme of paymem or � �
<br /> madification of umonixa�ion of the wm�+ecund by thi,Sccuri�y Imuument Erumed by Lrnder�o uny successor in imerest _
<br /> u oiBarmwer xhall not operule to relcu.e the lial�ili�y of'thc�iri�inul Hnrruwerur Burmwer..ucce,�or m inlerest. Lender —
<br /> ' � " •� ° sholl not 6e reyuireJ to cnmmence Fmxrrdings ugmn.i unY.uccr..ur in intrreti�ur rcfu�r tu rxt�nd tim�:(ur payment ur �
<br /> ���'' � otherwise modify vmoniiutiun of the ,um� �rurcd by thu Scrurity In,in�mrrn by rea��m of uny demunJ mude by the !`
<br /> . � , ' ' originul Borrower or Borrower's.ucrc.xor. in in[crc+�. Any tiinc�aranc� hy I.cndcr in eacrci�ing uny right ur nmedy.hull �
<br /> nd be a waivrr of or prcrlude�hr exerciu.�f uny ri�M or nnudy. �'-_'
<br /> ' 12. Succes.sors and A�i�ns Buund: Julnt und tieverall.is�bNlty;l'aSipners. Thc cmrn•rn�.und ug�ementti��f =
<br /> � " �his 5ecurit Instrument shull bind unJ t►enetit�he surce.�c�r�und u..��;n,of Lender und B��rruwrr..ubjtrt to th�provisiun. ���
<br /> ' ot P-r�graph 9.b. Barrow•er; covenanl.u�x1 ugoeementr.,hadl Ix ji�inl und�rverul. Any Borrower who co-�igm thi� sr_.
<br /> Securily Instrument but does not execwc Ihe Nute: (ul i�co•�i�nin�thi.Srrurity In.lrumem only to mortgaRe,grant and �`'
<br /> 6 . , canvey thut Borrower's intrre,�in thr F'��i�eerly under Nie temi,uf thi.Security In+lrumenl: Ibl i,rn►t penonally ol+ligaled lo �`
<br /> pay the sums ucured by thi.Srcurity Imtrument:•rnd�c�agrre.ihut l.rnJ�r ami any oihrr Hurn�wer muy agn:e�o ex�rnd, f
<br /> , modify, forbcur or makr any•rcrommudati��n.witli rrg�rd to the trmn�.f thi,Sccurity In,�rumem��r the Nrne withou�thut �±
<br /> ' � Barower s coment. "' .
<br /> , , � 13. Notices. Any noticc tu Borrower providcd li�r in thi�Scrurily In�uunxnt shull Ix given by d�livering it or by
<br /> mailing it by fint clas�mail unlexs applicuble law reyuire. u.c of an�ilhrr mrth�xi. Thr noticr shul) be Jirectrd to thr
<br /> Property Addres�nr uny uthrr uddrcs.I3orrower Jc�iEnate.hy noticr t��Lcnder. Anv n��tirr tu Lrnder.hall he given by
<br /> � ' �� first class muil a� Lendcrti aJJretis st�tcd hrrcin or am• addre+. LrnJrr dr�ignair� h�� naiire t�� Borrower. Any notirc
<br /> � pmv ided for in�hi+Sccurity Instrumrnt.hall he dcemtJ to havc t+een given t��Bum�w rr or l.ind�r ahen given a.pmvideJ
<br /> .;t,:.�•, in ih is psiragraph.
<br /> l;-.:.� 14. (�►verning Lew;Se��erabiHt��. Thi+ ticrurit� hi.�rumrnt �h:dl Ix gn�cmrd M Federal I•rw;tnJ Ihe law uf thc �
<br /> `. . • jun.diction in whirh thc F'roperty i�I��r:ned. In Ihc e�•cn►�hat am• pru�i,i��n or rlau,�of thi.Seruri�y In,�rutncnt ur thc �
<br /> '. F �. NWe conflKtti wi�h ap�►licuble lau•. ,urh�c,nFlirt�h:dl nul all��l uthrr pra�i,iun.uf Ihi. tierurn� In,iruinent ur�hr Note '
<br /> .� .��• . which cun be givrn eftect wilhc�ut the rontlirting pr�wi.iun. 'li�ihi.en�'.th� �x���i,i��m nf thi.Serurit�In.tru�nem anJ the �.
<br /> Nde urc dcclartd toNr�c�•�rahlc. :
<br /> , •,r 15. BurrnwNr'x Cop�. RurruH•cr�h;d I Ir gi�rn unr rnnt��nnrd cu�,�uf Ihi�S�.•urm In,u utnrnt. �
<br /> � �" 16. Ati.tiignment uf Nentti. Hurt����rr uncunJiliun:0ly a.,ign.:uiJ�r.m,tcr. In 1 endcr.dl Ihc rtn1..�nJ rcv�nuc.ol thr
<br /> ' , F'ropr:ny. BnrrowrraWhori�rtiLcndrrorl.rnd�r;a�rnl, �ar��llrrllhrrrnl..mdi��rnuc,.uiJhemMdur�l,ca.•hlcnnntuf '
<br /> thc Properny to pay thr rcn��t�� L�rndrr ur l.end�r',a�:cnt�. fluar�cr.�,nur tu I.cndrr;nunrc to liurtu���rot'Hurri�w�cr�
<br /> brenchofany cnvrnant uru�nrm�m in thc lrruniy In�trumrnt.Hun�uwrr�hall rull.r�and rcrr��c:dl rcnt.•rnJ n�rnur,ut
<br /> the Prnpeny u.tni,trr tia lhe Iknrtit ul I.enJrr:uiJ l3urr�,w.r. I hi,.��.��mnen� ut rent+r�,n�titutr.:m ah�ulmr a.�c��tnntrm �
<br /> and not an•r�signm�nt tiirudditiun;d�crurrt��unh. `
<br /> If LcnJcr�ivr.nrnirr ul hrc:�rh tu Ni��r�n�cr: 1.��:�U i�'nh rt•r�i�i�l hy N��rri�wer�hall tk•hrld hy Burti�a�r a�Iru�le�
<br /> ., �. .�... ■_..._........... ,w, �.....�....►...0�..... .c�i..� , .
<br /> • " —'"—"— fIN OCfll•tll ot LCftUCt uUl) UI IK' J���411'U Ia�IIIC �uiii+,i���iiaai �.. �n. ...."P'; .��......�, �. . .... .. .w. . ..�..� �....... .:'
<br /> cullect und rereive ull ol'ihr rrnt.�,f�hr I'ru{xn�:and�c►e:�rh ienani uf ihr�I'rupen��•h:�ll p:i� all irm+due anJ unpuid w
<br /> ' ' Lcndcr ur Lcndcr'+a�cnt un l.rndcr:w r�llcn dr�nand tu thr trnam.
<br /> Born�wrr hu� nn� excrmrJ an� prinr u•.i�.nm.•m al ihi rcnt. :md hu• n�,t and ��dl nut �urf�,nn am art that a��uld
<br /> ' ' ' prevent Lcndrr fmm rxcrci�inE il.right.undrr�hi.!'ar,i�r,iph I h.
<br /> 4ender .hall nu� !x rcyuircd w rnter u�m.tal.e rumnd ol�,r maini;iin ihr{'n,prm Ixti�re ur afier gning nuurr uf
<br /> hreuch to Burni�vrr. HuHever. Lendrr ur a�uJiriall� :ir�+��intrd rrcci�•er ma} d�, .n at :u» timr Ihrrc 1�d I�fl'Jl'Il. r\m
<br /> �PPI icatiun ol�nnt•.hall nut rurr ur���anr anc ilct:�uh ur m�:�hd;ur .m} ulh�•r r►�ht u� rrmrdy uf Lcndcr. �fhi,a�.i�mnrtil
<br /> ofrents iif�hc 1'n�perty,hall icrniinah��hrn thr deht.crured h��hr ��•ruri�� hi,trumrnt i.E,�iJ m t'ull.
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