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<br /> puymenta,which�re�eferrcd ta in Paragr�ph 2�ur chwige�he�m�wnt of such payrnenls. Any exccas procads over an —
<br /> pmount required to pay all outst�ndi�Q indebtalncrs unde�the Note w�d�hiY Secudty Imtrun�cnl riwll 6e paid to tha en�ity
<br /> M kQully emiUcd�hercto.
<br /> •':, '. g, Fees. Lender may collect feex and chAr�eY authorized by the Secrctary.
<br /> . f., 9. Crounds for Accekratia►of Dabt.
<br /> � -.�"�`=. lA I Defiult. Lender may.except a� Ifmited by regulations iasued by U�e Secrewry in the cuse of payment def�ults,
<br /> ��' '� ' requirc immediate payment in fu11oP all sums secured by thia Security In��Nmen t i f:
<br /> ` (il Borrower dcfnnU.r by failing to puy in ful!uny monlhly P�Y�nt rcyuircd by thiY Security I�uument pricx � : -
<br /> ta ar on�he due dute of the next montbly puyment,or _
<br /> . :.:.� H- lii)Bortower deFaultu by failing.fw u period of thirty duys.to perfornt uny uther obligutians conlained in this
<br /> • Security In�trwncnt. �.-.
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<br /> -, „�,Frr�,. (b)Snle N►Ithout Credit Approvd. Lender slwll,if permilted by applicable law and with thc priar appraval of the - -
<br />—=�� .;+�.:�.����,;,�;�, .. Secrctuy.require immediate payment in full of ull dte sums secured by this Security Instrument if: �
<br />�T,� ��j A�� or pan oi the Proper�y,or u beneficiol interest in a truct aw�ing all ar purt of the PropcAy, is sold or —
<br /> _1 y� otAerwise lransferred(otber ihan by devise or descent!by the Bartawer,and =-�-
<br /> __ , ��i�The propehy is not c�ccupied by the purchaser or gnuner�.�hia or her principal rewidence,or the purcha.se�
<br />-';��;,� . .',. or gruntee does so occupy the Property but his or her cadit Iws not been opproved in cKCOrdsuue `--•
<br /> � " �.' . .•' '. : wilh the requirements of the Secreu►ry• _
<br /> ����, ,;',.�:.,,...,,..ti.,,.. Iel No WAiver. If circumslw�ce x occu�thu�would permit l.ender to rcyuire immediote payment in full,but Lender
<br /> '�,'� � ' dacs not require sochp�yment�c. Lcndcr dcxa nat wuive i4�rightc with respect lo subseyuent events.
<br />��:''��'.� ..- �� • Id)ReRulAtlons o�HUp Secrctary. In muny circumstuncec regulations issued by the Secretary will limit l xnder's �____
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<br />_,�_� _;�,}�'?:`Y, .,,, ,.. . ` rights, in the ca�e of payment defuuhx. ta reyuire immediate payment in PoII w�d foreclose �f na p�id. Thia
<br />�. � ,- R:a�;_��;--�;'; Security Instn�ment dces oot authorixe acrelern��an or foreclosure if not permiited by regulutians of the Secreuuy. `_
<br />- , ' ;�.".,;•,.`" •' �el�V/urlgs�e Not lasured. Bortaw�r ogmes thnt ahauld�his Security tn�lrumen[and the nae s�:urcd Ihercby not -
<br /> " 6e eligible for insurance under �he Nutional Hausing Act within 8 mon s from the _ _
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<br /> " date hemuf,Lender muy.at i���P�i��n und notwithstwNiing unything in Puugraph 9.require immediate puyment in ry
<br /> '+• �-•- ��s`��'�, . � full oi�II sums secured by thit Se�uri�y In+�rument. A wriuen stutemcnt of any uuihorized agent of the Scwretary ..
<br /> � dnted subseyuent to g mon�hs `n+m��dAle hereoP,declining to in�ure this Securiry _
<br />- " � •.Ca - Insuument nnd�he note securcd Ihereby,shall be deemed conclu�ive pmoP��f+uch ineligibility. Nalwithstanding ���
<br />' , ��" .' �he forcgoing, this aptiun muy not be exercised by L.ender when the unuvuilability of'insurnnce is solely due to _�
<br /> � �,s:�,.;,,. . Lender's failure�o remit u mongage inxuRUice premium[o�he Secretury. ��_
<br /> 10. Reiro�tatement. Borrower has a right to he reinstated if Lender hac reyuired immediate payment in full becuusc
<br /> . ;. . �{ti,<, v� of Borrower�s failure to pay un amauni due und��r ���e•Note ar this Sccurity Instrument. This nght uppliez even Aiter _�n=
<br /> �:Y'�>.?„- foreclosure proceedings nre mstituted. 7b reinswie �he Security Instn�ment. Borrower chall tendcr in u lump xum ull
<br /> ;u _T-�� m��Wnts reyuircd=o�ng gflm•w�rt account cum:n�meluding,to the extent they ure ubligatiom of Bormwer under this ::i�
<br /> • � Security Imtrument.foreclosure cos�s and reasonnblr and customary unomey+'�ees und cxpeme+prupr�ly+�swciatcd with �
<br /> ' ~ ,.;+,�;: • �he foreclosure praceeding. Upon rein�atement by Rurrower,this Security Instrumem und the obligations Ihut it secure� �
<br /> ' .r--� •`��"''� � shall remain in effect as if Lender had nm reyuired immediute payment in full. Howcver,Lendcr i+not required to permit
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<br /> � ,,�,;, ;, reinstatement if: (il Lender has accepted remstatement ufter the commencemcm of foreclosure proceedings withm two _�
<br /> � ^ � ,t:lr"?;": yeors immediately preceding lhe commencement of u current foreclotiure praceding, (iil reinytatement will preclude �-.;:.
<br /> . foreclosure on different groundti in the future,or liii>reinxtAtement will adversely Affect the prioriry of the lien created by �x'°;
<br />` � this Security Instrument. �"��
<br /> � • 11, Borrower Not ReleASed; Forbearance by Lendcr 'Vot a Wolver. Eztcnsion of' the time of payment or �,_
<br /> .�;.• modification oi umorti�ation of'the sums secumd by thiti S�cur�t} Inxtrumrnt granted by Lender to any successor m intere�t �
<br /> • ���•. ;.'�:,. of Borrower shall not operatc to mleuse the liability of the ariginul Borruwer or Bormwerk tiucce�sor�o intere�t. l.ender
<br /> ` '� shall not be requircd to commenceprcxeedings ugaim�any zucceswr in imere+�or rcfuse to exteod time for payment ar ___
<br /> , otherwise madify amortizution oi' Ihe sums ►�:cured by �h�ti Security ImtNment hy rcason of uny demund mude by the —__
<br /> • original Bomower or Borrawer ti succeticon in interest. Any forheur•rnce by Lender m exercising uny right or n:medy+holl �:
<br /> � '`n', nat be s►wniver of or pn�clude thc exercixe nf uny riFht�ir remcdy. �•
<br /> ���� � ` ' ,• 12. Successors and AsgiRns Bound;Joinl and tie�•eral IJabilit�: Co-Signe�. The cavenunts and ugreements of ���
<br /> `:i:'j i;<�:�:�;.�:� this Security In�trument xhall bind:uid benefil the xuccrxsor.unJ•rs,igm of Lenckr und Bormwer.�ubject to the pmvision, �:..
<br /> � ':;'F.�;.'•.,�� af Prragtaph 9.b. Bomowcr. covcnant. und agrecm�nts tihall be join� wid +cvcrrl. Any Borrower wha co•signs this ._;
<br /> ' ..'t,., .f�� �� • Security Instrument but does not execu�e the Note: lu)is co-�i�ning this Securily Imtrument only to mortgage.�rant nnd „
<br /> '��: � canvey that Barcower's intere�l in thc ProFx:hy unck��he termx ot'1hi.5ecuriiy Imlrument;lb)i.nrn penonolly obliguted ro ;'+
<br /> .. �='' ` � , pay the sums secured by thi�Srcuriiy Instrumene und�c)agrce.�hat LrnJer anJ unZ othrr B��rrow.r mAy ugree to exlend, �w
<br /> ' � modif y,forbear or make uny accommuJatiun.wiih mg•rrd tn the�ermx of thi, S�wunty Instninxnt or the Nole without thal �,
<br /> ' n�:a�•�°�� Borrawer's con�ent. •
<br /> : ,' ,r1'y�'r:. .,•' 13� Na���g, pny ��u�N�� Borrower provideJ fi�r in Ihi+ Security In�trumcm xhall tx given by delivering it or by
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<br /> : .;i � ' � , mailing it by fint clu�. mail unle�ti c�pplicable law rcyuireti uxe of anather meth�xi. The nourr zhall br directed to the
<br /> , ,... Property Address or uny�►ther uddrcxti Bottawcr detiiFnatc,by notirr to l.cndrr. Anp no�irc tu Lender.hall bc given by
<br /> • ` firsl cluss mail to Lendcrs addres,��aied hcrein or any uddre., Lrnd�r �k.ignat�.hy notire to Borrowcr. Any nutice
<br /> •',:I% . Qrovided for in thi+Securily Intitrumcnl�hall tx dermcd to havc t►een givrn io Burrox�er��r l.enJer whcn given us provided ''
<br /> � in this p:uagroph. :•'-
<br /> 14. GoverninR l.aw; tieverubilfty. Thi+Scruri�p Intitrumrnt +hall Ir pu�rrncJ hy Frderal law• and�hc IaW�uf the
<br /> � ' � ' junsdictiun in which tlx� Property iti IauteJ. In Ihc evrnt �hat :m}• pro�•i+iun ��r clau.e ��t�hi+Sccurity Im�rumem ar the l'. .;
<br /> . Note contlicl,with apPlirablc law..uch c�mtli�t.h�ll nut :dicrt oth�r pru�•i,i�Mti ��f�hi.Srruriry In.trumcnt or thc Notc
<br /> which caut be given rffect wi�huut thc rnntlicling provi.iun. li�Ihi.�nd tlk rro��i.i��n�uf Ihis Serurity Intittumem and the �
<br /> ' Nate are declnred w Ix�everaMe.
<br /> ' 15. Rorrower's Copy. Burr��wer shall h�gi�rn unr c�mfonncJ r��p�uf thi.Srrurit��Instrumcnt. E
<br /> ' ��; , 16. Assi�;nment of Rents. flurcawcr unrandnwnally a��i�:m unJ truml'rr.t��Lcndcr all ihr rcnts and revenue�ol'Ihe �
<br /> �� . Prop�:rly. Borruwer•ruthorice.l.ender or l.ender�ugents to rnllrct thr rern�anJ rr�.nue�rnd hercby direrls ea�h tenum of �
<br /> the property to pay the rent�lo Lend�r��r Lender'..�gent.. Ha���v�r.prior tc►LenJer:notirc tu Borrower of Born�wer'�
<br /> ' breach of any covenant ur a�reemrnt i n�hr 5�curit)•Imtrumenl.Harc�nver tihal I c��l I�Y�and rrrcivc all rcenh:u�d revenur.of
<br /> the Property us trustec for Ihc txncfil of I.cnJrr and Horruw rr. Thi+a+si�:nmrnl��t'ren�.camtitute.un•rhsnlutr u.�xignmrnt �
<br /> su�d not an ussignmenl for adJitional+�curity anlp.
<br /> _ u•�.,..a.....c.,,..���ir�•nf hrc:u�h to BcirroN•cr: lal:+ll rrnl�rcrci�•rd h� Rortu��cr tihall Ix h�IJ by Borrowcr a,tru.lcc .
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<br /> , . for benefit�oC Lend�r only, to be upplied tu thr,um+.rcureJ by�he 5rrur�t��In�uunxnr. �nr i.enu�r ,i�uii i�c���i����.,�.-•
<br /> T =�+ colkct und receive all of thc rcnt.uf the E'm�xrty: and Ir)rach tenam af the 1'ru�un� ,hall pay all rent�due anJ unpaid�o
<br /> Lender or Lendcr:agent im Lcndcr: writtrn drmanJ lu the tcnant.
<br /> Bortowcr ha+ niN rxrcutrd •rny prior u��ignmcnt ��f th� rrnt� and ha� n�w s�nd��•ill nut�xrti,rm ;uiy art�hat would
<br /> prevent Lender from czrni+ing it.ri�Ms undrr�hi.P.u`.�gr•rph 16.
<br /> Lender,hull n�n Ix rcyuiRJ io enter uExm.tal�r runtrul of or m�inlain IIk E'ro�krt} Fxt��rc or aflrr gi��ing nutire of
<br /> � breuch to Borrowcr• Howcvcr, Lender ur a judiriull�� apEwintrJ rrceivrr m.n Ji�+n a� any timr therr i.a brrach. Any
<br /> .. upplic:►tion of rrnt�shall not cun:or u•aive any default or invulidalr any uthrr ri�:h�ur rrmcdy at'L�nJrr. 'I'hi.a+.ignmcnt
<br /> of rents of the F'mpehy�haU tem�inat�when thc debt.ecurrd h��thc 5ecunl)• Imtrunxnt i+paid in full.
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