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<br /> __ psyasaus.whic�b 9re�efemd to in Puagcaph 2.or chac�ge ihe amaunt af such paymen�—�°shai�6e�the aui \
<br /> - - - � �tequired to pry all austadiieg it�btedness widcr tl�e Note aud tdis Secutity P� tY
<br /> ____"� - � kg�l�entitled tt�eieto. � , , =-�
<br /> �--- -� �_ Fe�ea. [.cnder may cotlect foe$and ct�rges authorized 6y tht Secret�ry.. �-.��---
<br /> � r 9!'=t�oaads far AScdaallon ot Debt. =w
<br /> �� �� - ,(a)DetsWE. I.ender may.except as limited by ceguiatioas issued by the Secreta►y in the case of paymeat defaults, ;�,.� —
<br /> :���,,�� � nequire imnwediatepayment in full of a�I swns sec�ued by this Security[nsuument if: � =,�y <'�'- —
<br /> � ,�:#:8am�tr�t'aults by fa+'Weg to pay in full any.monthty PaYment nquired by this Secarity TnSwment Prios . ' " � �3.�-�
<br /> � -"'""'""`�= to orort the dc�e date af the neat�aac►thiY PaYtnenc,ar - - . - — —
<br /> :�����::__ .� -:
<br /> (ii).Baruwer defauits by fatiing.fa a penod of thuty days.to perform any othet obligaticx�s contained in this
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<br /> m�s��r'
<br />.` �,;.�: (b)Ssie Wi�ttiou�t C�red�ft�tpprotial. Exnder sh�!!.if ined by appticabte!aw aad with the prios apgmval of the. -,:�, �° >.��ti
<br /> ` `�•- - - �:.:.
<br /> • S e c t+e t a r y,c r•quice immodiate payment u�fall of aft the s�s secured 6y this Security[nstrumen>>f• ��.;�;='�,,,���°r=-�,-:�
<br /> w:ti:�••- : ,:. -
<br /> . � (i)AU ar part of thc Property.or a ti ene fi c i a l in t e t e s t i n a a u s t o w n i n g a l l o r p a r t o f t h c P r o p e i t y.i s s o W o r ,,;.
<br /> � _„#' othcrwise tr�nsfened(other tltut by devise a de.scent)bY tite Bnrrower.and _�,. ;::;`'�`- '`
<br />' _ Y��, {ii}TNe Ptoperty is not orcupied by the�u�sec or g�antee as his or her princi�:esicZeace.or the purchaser _ - �- 'y r.����'�-.
<br /> S ap
<br /> , �•�—?-• _ or grantee dae� so occupY Me Ropecty`. 6ut his or her coedit�has aot appmved�irt accorctance ��;��".
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<br /> _ ;��4"�yt a = - '�Vl�l�F.'TCQ121lpi1CQt8 Qf lllC.�CIp�' 'e`-'�.'s _
<br /> =_�� -R�, : (e?No Waiver. If circumstanta occnr that woutd pemut Lender to require immediat6 payrttent in futl.Mit Lender
<br /> �� •.. does aot tpquire such��payments,l.eader does not waive�ts ri ts with ms to subs esu events. z' �`
<br /> ,;...•:.. �h pect_ eq+t �"�'�' .
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<br /> ":` (dj RegataUoas of HUD Seeretuy. In many circ�unstunces regulatiorra issued hy.the Seccetary wi11{imit Lender's _ -..:�. } �=
<br /> ��,'i~=;, � ` -� righ�s. in [he case of payment default4,to require immediate pa ment in full�and•foreciose tf notpa�d. This �.�_.,,�7�`_•Y.
<br /> � z `` ' �:''- Security in.mument dues not authorize acceleratian or fineclosute i�not pecmitted by regulations of the Secfetary• �-
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<br /> � �.`::;�.: 4,�,�,n}1{� ;. (N 1�'Iortgpgr Nat Iacuntil. Borrower�ees that sfiontd this Secnuety inswment and the nate secured therero n the
<br />. .,``.,.' �`.:.;;���;�,_ , � be etig,�'ble for insurance under the Aiationat Hnusing Ar.t:within• S mo ;. _�+,,�
<br /> ���� �--
<br /> , : •-'�=.,-„` :-. vr�s? , date hereo�Lendermay.at its option and n�anxithsta�SssganYthing in Para�rap�h"'J;ceqaire immediate payment in . . �.
<br /> ';'::�;:'-:�: `�'F . faQ oEaII srems secured by this Securiry Instnimen� A.�rrittamstatement of any authoriud agent ot tfi�Secretary .
<br /> �."•,!Ydl.__
<br /> :. . �.' . ' , dated Suh�ent to 8 mo �' fram the data hereof.declining to insure this Security . . .. _
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<br /> ,.�f r, � •.` �, ' Ir�suument and the note secure�thereby,sball be deemed.conclusive proof of such ineligibility. Notwithctanding ; • • .>;.A°
<br /> _ . _� ';:`�°.,..L - . 'ihe faregoing.this option inay not be exercised 6y�tcndcr when the unavailabiMy of insarance is coletY due to �.�._.__ _ _----
<br /> . _ .f-�:`;Y,'r� , i� � . •'J"�,"c"
<br /> :, �"'�.• Lender�failure to remit a maRgage insurance premium to the Secretary. ;:�:t:.',,. •
<br /> � � ' � `��'�•'���R' �''�'' � ' •38 Reinstatemen� Borrower has a ri t to bc reinstated•if Lcndet bas required immediatc payment in full 6ecause ,::%�r+ �
<br /> • �•J,�;i%r b`�:`�';`, - . . �1 .
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<br /> '.�'Y.A . .•�'Yij•T�,,J:_ . of,�otrower's faiIure to pay an amount due under the Nate or this Secur+ty�instrumen� This nght apalieti even after �_s . . .. �....� .,-��r --
<br /> a'� ."� fomclosure proceedings aze instituted. To reinst�te the Security in�ttument; Barrawer shail tender m u lump sum all fi, ` : '�. - .''�''.
<br /> �;�`..�,�`{r.;�,•,-,..j',,,1�;.'1. . � �
<br /> , 5:,� �, r %�,:;,,. • amar�:�.�.uired to�bnng Borrowet's accaunt current including,to thc extcnt they are o6ligutions of Borrawer under this `,f,s��'' •:';f" ,- •�;: ;;
<br /> , , • . ..'':�:.=,.. • S��in.�uument.foreclosure c��s and masonable and custbmary attomeys'fees an d expea.ses proper iy assaciated with •;, ,:,,1�.,�_. ..'.L
<br /> ' ' ' �.°`',.i�.,,,_;,.,.,.. . . . ... a.: . ��•=
<br /> '� • �,,,:..,�� the��s�:.lsisuie proceeding. Upora ceenstatement by Borrower.,tLri�Securiry Instrumem and ti�e obligations that it secur� •{•: ` ���:•;[s?�.:�.;: '�p ry
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<br /> �;•.f;�r;;• ,� '' shari r�r;ann in effect as if Lender.fiad not reguired immediFr•:��•�tent in full. However,Lender is not required to permit x, .:. ..,,..;.
<br /> . . reinstateinent if: .{c9 E:erder has accepted reinstatcment afteE dt��aonunencemcnt of foreciosure proceedings with�n two ."• ,''�i::
<br /> ;.,.� � i. �, '' - -
<br /> ":f�.":•. • years immedia��� �eding the commenceme►n of a curre,r.t:oreetosure prnceeding. (ii)reinstateaie6t wili preclude r, , .
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<br /> �;, . foreclosure on d�Ffer�nt goands in the future.or{ii�aeinstai�:nent ariihadv...�ty affect the prioriry af ct��{'ren created by' • i �
<br /> this Security tn�trument. • �.
<br /> ' :���`•`��� ' 11. BorcoweT Not Refeased; Forbearance b} i.ea�sfer vat a Waiver. Extensiort cnf.the time af payment or �
<br />. �, .',��;��;'';;�,:�, madification af amonization of the sums secured by this 5e.eri�lnstrument gmnted by Ler��ro any successar in interest • �
<br /> - ���� . of Borrower shat�r.ot operate to rcleasc the liabitity af the ar��inal Bono�ver or Somowesz suc�e�sar m interest Lender
<br /> •- � stiaU not 6e requiR:d to commence proceedings aga�nu any succexsor in interost or refuse to extend tiate for payment or , � . •
<br /> " othenvise modit'y amortizatian af the sums secured by this Security lnslrument by reaso»of an}� .iere�.zd made 6y the ` � ''�
<br /> �,': .
<br /> , _ ' '.� � � originat Barrower or�orrower:s successors in interest. Any forhearance by I.ender in exercising any r,"g�h2 or remedy shall F:• �
<br /> - • . _ not be a waivcr of or preclude the exercise af any ri�ht or remedy. �� _.
<br /> : ' �2. Successors a�d Assigns Bound;Jalnt and 5everaE Q.iability;CaSignera Ths ca�er,a.nts and ageements of � . � . •
<br /> Ihis�Secusiry Instsument shall bind�nd benefit the successors and a.�:�igns af Lender and Barrawer,hubjeR to the provisions . .
<br /> . . t�;�•; ' of Paragraph 9.Is .Eorrawerk cavenan�ti and agreementc sha�l 6e jaint and �everal: Any Borrower afio co-s�gns this !;, .
<br /> r' � Security Instrumen�ir�t dacs nal executc thc Nn[c: (a)iy rasigning this Scc�uriry lnstrument only to mortga�e.grant and ,=•� .
<br /> . ' canvey that Barravicer's interest in ihe Property under the termc of this 5ecuri4y tmtrument;(b)is not per.conally obligated to I;`_. " • ::���
<br /> � �� pay the sums r.ecured by thiti Serurity ln�trumcnt:and(c)agree;that Lender and any other 8orrower may agree to extend. , ,. ,::�.•j ..• �-,,,
<br /> � '�'' mod�iy.fotbear ar make any ace�!nmcxlatians with regard ta the terms of�hts 5ecurity lnstrumerrt ar ihe Note wlthnut that t� ::;:;�;; ;.
<br /> i �. . Bortowcrscansent. � • ' , �;•` �,;,��, •
<br /> . 13. Nofices. Any notice ta Barrower providcd far in 1hi�Sccuri�y Ins,�ment�,hall be given by delivering it or by , >' . . .
<br /> . � mailing it by fit�t cl�.cs mail unlesx applicable law requires u.e vf anosher ri�ihrni. The*sotice shall f�C directed ta the ;'` -
<br /> .. � Properiy Address or any athcr Addresw Borrower designates by naticc tv Lcru4r. Anu rsh!ice to lxndcr shall bc given by • , `� .�,'' � � •
<br /> � t3rst clasw mail to l.endcrs Addres�stated hcnin��r any a�dt�;�.l.cnder Brsi�ates 6y r�uSicc tv Baaawer. Any notice • . .
<br />" . ' QroviQed for 1n this Security fn�trumcnt�hall Ue decmed to have bren given t��orrow•er c�r�,ender when given a�provided
<br /> ' • in thiw paragraph.
<br />• • 14. Governln�Law;Severability. 'Phis Sccurity In+tr+e��cn1 .hafl bc�c�ccmcd hy�edera!t:��v and thc law of the • •
<br /> � jurisdiction in which thc 1'rnpcny is lcx�ted, lmahc cvcnt that any prn+i�ic�n i�r clauvc ��i thi�5eCUrity lnstrumcnt ar the
<br /> . Nute cunfliet.r• with applicable law,such conflict �hali no� affec�othcr pruv�.icsn�uf�hix Sccurity In�trument or the Note `
<br /> � which can bo givea cifect wi�hout-thu conflicting pravi�ion. To thiti cnd the provi�ic�nv e�f thi�Sccurity In.trument and th.° i
<br />' � Nats an:declarcd to bc s�vcrabtc, ; '. �• •: '
<br /> � ��`•� !3. Borrowe�'.q Copy. BorraFwcr shall tx�giv�n une ranformed rop}•��#this Sccuricy[nstrument. ; '
<br /> .•::�'�:'�. . f6. Assi�tlment oR Reoc�. Bano�v�7 urtcunditinnalty a...i=av and tran�fer`���l.cnd�r a11 the rents And revcnucs af the ' • , -
<br /> ' Ptaperty. Borraw��r authc�titc�Lcted�rt�r l.ertder:a,enty to roltect the rcnt.nnd re�entre�aad h�rcby directs each tct�:�nt aF
<br /> ',�'� � .' � . the Ftoperry t�pay thc rrmti ta I.endcr or t:c�nd::�a�em:�. Flawevcr.�1T�0T(ft�.4II�:r+ no�irc w Bntrawcr of 8anowcr� r ,•
<br /> , , breach of any eovenun�ar agr�cmcr.r i7 thc Security Irn�rar.icnt,Rorrpw:r,n�,i:��w1r:c�a�d:cceive ull rcnts and revcnuev��f•
<br /> �. �,�, ;;,';;: , 23ie Ptaperty ay trustcc fnr�hc benc�:��f I.end�r and tfonvwer. �`h;.e.�i�nr.�in���f rrnr.ir��saiwtes:in absalute arsignmcnt
<br /> � astcG��n axsignment for uddir�rsal�cruriry nnly. � ,
<br /> •� � ��•� '. � �P Lcndcr glves not3cc af brcach to Borc��wcr: la�s�il rent.r;critic�t�v$��:rowcr��:a:I I+c hcid hy Bartuwct ati trustcc
<br /> � .;.;� �;`.' � � - �ot bene�71 of Lendcr only,to bc�ppHrd tu Ihe sumy�ecureuf hy th�S�cnsi�y. instrumcns:lb)Lcndet zhalt Ix entitfed ta .
<br /> ' '_•. • .' .• .. _ co1!t�ct and recclve:ill�f the rrnts M the Propeny;and(c)cach t.nant o°�i:._#�npeny�h�dl Qay a0 rent�due and unpaid tu
<br /> � txi:der nr Lender's•agent on Lender's wriuen demand t�the t•ensi:t. , ,
<br /> ,. `:y�'� Bnrrowcr hxti not executed an�+priar assignment nf c�:rr�ts and fias nut an0 will nol petfarm any act that would .
<br /> ' '�•':.��• , �revent Lender fmm excrclsing its nghts under this�-.ira�*ra�*_S� ,
<br /> , Lender sh�ll not be myuired tn enter upon.take con.k�.�:5F ar m�intain the Pruperty bcfar�or atter giving noticr vf
<br /> . � � breach ta Borrawer. ttowevcr.Lcndcr ur a judicially vpQoir.ted receiver�ay do so ut any timc thcre is a brc-ach. Any
<br /> applicnilon of rents shall nnt curr or waivr any default cir mv:ilidatc any o:rz:�ri�ht or rcmrd�of l.rnder. '1'his;�ssignment
<br /> � ' oFreota of the Property sh�tl tcrminatc when the debt securedb�thc 5cc�rit;�?astrument icp�a�d in full. ,
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