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<br /> +__ �,�.. -- '� ' ' _ ` � , . ; � , ' r Vf���r i�O�1� i.� .
<br /> � paymaWS.wi�icl�a�e ieffemed_to inp�ph 2.a ch�nje 1Ae`amount ot�ucb WY��•.�Y�s P��wa u►,
<br /> �maur�t w pay�tl outstarrlirig u�debtedneu w�der�he Nate ard this 5ecunty tnstnunent ahilt be pNiO ta tha entitg.:
<br /> . k e wtk�d tl�eto- . .
<br /> ��a.t.eridcr may cotka fees and charges autliorixed by Ux Sazetary.
<br /> - ! G�o�di fac Aa+ekrada�a�p�. <
<br /> =_ (�)OefaWt. Lao�kr may.excep a4limitM by rcgulations issued by the Sa�netary in th�cas�oI p4yRKnt dcfautt�.
<br /> -- _ _ mqnirc.immedi�te psyment in full of all sums sacurcd 6y this Security.Insr.ummt if
<br /> i � — - -hrBamwer defwlt�hy fiu`Wig to pag ia fWl ang ma�ttlety P�Y��mN�bi+-���1►tn9trurnent p�•�-
<br /> , ` m os an the due da[e of ti�neat�tNY PaY�a
<br /> (ii?8arovrer defauits 1sy failuig,for a ptnad of tkuty dayc,m perf�sm�ny atKr obligatiur+s toatair�d�tbis .
<br /> Saronry insmmnnt val of the,
<br />-- (b)Saie VYifior!Credi!Ap�rova� Leader shall,if pamitted by applicabie 1aw and witi�tlie Priq�ap�ca
<br /> Serspaty,ioqoue immediau paymcru um fWl oEa11 the sums saviced by this Secusity Iasuument if:, ���.
<br />. � (7 All or patt of the y.or a 6meficiat uRaest i�a avst owning a!i or part oi li��Y�
<br /> mlierwise tr�nsfa�trd(�than bY devise acdescmt)63+thc Batrower.and
<br /> �)The Property is not accupied by the pu�haser a�antec as his�ar Ixr priocipal residencc,o�tlk purcl�ascF `
<br /> _ _ oF gcuitee dors sa occupy tl�e Ptope�ty 6ut tus or t�ec cadit has not 6een apprave4,.in�,aaordanc� `
<br /> with the�equirements af d�e Seccetary.
<br /> f- (c)No Waircr. tf ci�vmstances accur that.woWd pem�it l.ender to tngaire inur�iate payment in fi;13,�6ue La�de�-
<br /> - does not nquire suci►payments,i.ender daes na wasve tts rigbts wit1�ses�ect to subsequeat events: �
<br /> - (dl R�u�t������l= ln many circ�ttns�nces regulations�ssued 6y the Secmtaty wil�limie l.ender's_
<br /> rights�in the cass Qf paymeat defauhs.ta iequ'ue immediate pay�n t•in fuU and faceclose..if��wt d- 'lbis _
<br /> Secunty Instrumesu dces not authoriu acceleratian or faectosuie'�f not pemuued by ngWatia�s oEtUe�. _
<br />. �`-` - - Ee) Not insused. Bom�wer ag�es that siiould this Security Instiument and tl�e note securat sl�ereby not _-_-_--
<br /> .`',� be eligi�k f�i�insueance un�r the Napoaal Haasing Act within = -8 too�- ]� �� _-
<br />�`��' •: • dzte hereof.l.ende�may.st its option and notwitAstanding anything ia QaragraPn y.requice inunediate PaY��� ==- --
<br /> . ,,'4- fnll of all sums secured by ttus Security InstmmEn� A written state�'of aay authocized ageat of the Staretary :n=;�;�;>-:
<br /> ' ",.�,��;�.:�'°'�'` dated subsequsnt to � �o t� �� fmm[ft�.d�3e hereof,declining tu insu�e this Securiry t�'���.�:E:`_
<br /> �1 �s,.-,.L.-
<br /> y r..,.. _ � ' Ituttument�rd the rtote�d dtenebp.shall be deemed conctasi�e�of of such ineligibiliry.;Notwitbstanding. ��'='='-====���__
<br /> `�'°��'�•��_•r�..:;� the foregain�this option may not be esercised by t�r'�y°,',r when the unavai la bi lity o f insuranca�s�so lc ly.d u e t o ' -,_
<br /> ,;;t.-. r.:'... , _
<br /> -�.����t ��;� � Lender's failure co remit a mort insurance premlum ta�':t�e Secretary. : +: ':.��
<br /> �'r�` �. �#.ender has required immediate payment in:fut!because :�, � ` i='��-
<br /> •,;'�.ys�f: ' '. _, .� 1� Retnstatrmeaw Borrower i�a�'ght to 6e reitt�itat.� , — --
<br /> ,�;�!i;7 r�� ...� : o f B o r m w e t's f a i i�x o p a y a n a m o u n t d u e u n d e r t he�h r�cr ihis S e c t:ri t y tnstrumenti This ngltt p palies even after : ,��:�:_
<br /> { �•,'.�-:°� ` forcetasure are instituted. To•rem�te �he 5e�iy(nsm:.�e�Borrower shall tender in a tump.sum aI3 , , : . .::_.
<br /> ;'��t``-�'•:;�'° =�.' �° amounts in'��� Borrower's account cuir.�i including,to the prse==�ifiey are obligado�of S'c�awer wder tfiis I 1� • .�`4_
<br /> „t;T�4��;;p.'��.��� � r '`� r-~ :~ _
<br /> � �: t ,;,t,a; Security lasuumerrt',r.�tclosure cosu and ce�sonable and customary attor�ys'fees and expenses properigassociated witb °.�� f'- _
<br /> �'��. f ,�;,;,, the foreclosure procee�sg. Upaa-ir'snstaten�ent by 8orrower,this Secunty Instrument and the obl�gatcons[hat h secures f ; :_
<br /> �, .i..::�.. . .F�;,_.� I.eader is,not required ro t G' ----
<br /> .. .<;!r•,,, shaU remain in effect as if�l.cnder.tsad not rec�uired immcdiaee pa:�ent in full. However, �� �:�
<br /> . � t� �.� ,:• rFr
<br /> ;:r;�F:`:.� '_ ' reinstatement if: (il.I.ender bas accepted re�nstatement after t�e��mmencement ai foreclosure proceedings with�n ivra ..,,.���
<br /> -�,<.�,;,• . •��. ... years immediatety ps+�ceding the commencement of a curreat f�r�Iosr.ce�raceeding. (ii)reinstatement.wit�preclude ' •��.;fi, ,�`
<br /> '�'� forectosure on differ�t grounds in the fuSure.or(iii)teinstatem�i�vilI 2diersely affect the priority of�he lien ct�eated by �.�:. .�': ��r:,��t
<br /> `�`•�' Ih1S SCCUr1ty 1t1StRLT�If. ; :, 'i � `�:
<br /> . �;�.;�
<br /> °��"' '` 1L� Borrower Nat Released: Forbearance by l.ender �r�!� �aiver., Extension oF the timc oF payment ar . :���.':; ,.
<br /> ��'
<br /> � � matifc�:.i�a of amortization of the sums xecured b this Securiri insvumer�t ranted b I.ender to an svccessa��rt inte�est . ' ��f`�
<br /> � �;-
<br /> ';;;�';;`:''_,� of Bosrow�sF�ail;not opernte to release tha liability of the origi,al Sarraccer or Barrower�successor i�interest. Lead� � "�,:. �;t1;.1`�_ �
<br /> a, .. � �
<br /> t�; < - shail nas be re�:s��to commence pcoceedin�s aga�nst any successor in.irn:��'st or refuse to extend tim¢for payment or "��' ::•.•:; '•�
<br /> 1'�:�f:'. . � . �l ��, - ', ,`y �.-:
<br /> ;,;f°� .; . . " othert�ise m�nc."ify�:��razation of ch:.sums tiecr�r� by this Security Insuu��w.t by rcason of uny,den�and made by the . ,;..;,- `;_:�-
<br /> . �'�°'•. orig;na}-8arrnueso�.L�owers su:cce�ors in.ir�r:�s� Any forbearance by�.ender in eaercisin�any,a�tor remedy shall ��.:,;':,.�:,f.', �. :
<br />� ''.*�:�` �,.:;. • natbeaa�ivero8oc��:�'.a�e.ti:e exe':iseofatiy-'rightorremedy. �;,, , ., • "`�'`-�-
<br /> ' � �.'�•%'��:. I�, .Surcessors�d4 Asst�es�iund:Jdnt and SeceFat Eiabilit ;Co-Signers. The cavenuntv and agrecmenGs of �ta'-. '•��l�� �
<br /> y . ,
<br /> ":�:�� . '� . this Se+a�.a;:y iret�sr.s�tshafl b:s�:�ad benefit the successors;�r��ssigac of Lenderand Sar.ower,subject tothe prvvisions r¢' '"�'�°'��
<br />• ;`"'� . of i'-�.�.^�apH S.b. �orrowerK cove�ants and a reemcna �.#�.1 rae '�mt and xeveral. An Borrower who ca-si this ` '�. ,`,•. �
<br /> .,'Irt . , S , . 1 y� �" !�' :,J��r`�''' .
<br /> �� Secunty lastrument bat daes not execute ihc Note: (a)is co��s:�ing this Security lnstrument only•to mortgage.grant and „
<br /> + ��i . canvey that Borrower's interest in the Ptoperty undet the temrsef this Security Instrumen4(b)is not persanully abLguted to � ��`�,." ,�
<br /> ,,,,=.> �'.� ':
<br /> , ^; . pay the s�ms secured by this 5ecurlty lnstrumcnt:and(c)ngr��.that Lender and any othar 8nrrawer may a�ee to extend. �:!. �.� - 'c':� .
<br /> .; . modif�.forbcar or makc any accommodations with regard ca��ierms af ihis Sccurity in.rtrumont or thc Note without tte:t 4.�;, '%;S;.,54j; �„�;�U°
<br /> ' . . Barrn�w�'�9Cd115CRE.�. • ,r:r�:'.;:`,'.c-.- =.
<br /> ;:,•,: . 13. Not�ces. ,�.ny notice to Barrowcr provided for�n dtts Security M�trument shalf bc�iven by detivering it ar�} �•�'�.,-t;,,�_�,•
<br /> r.... .
<br /> ��• • mail}ng it by first c1:�s mttil untesa upplicabTe 1a�� r�uires u,e of unather methad. The noti¢a shalt be ditected to the '�;�:i;�;`:_` , .
<br />' �j�s ' • Praperty Addresw oc��y ulher address$arraw�r vzz;nata�lsy noGce to Lender. Any ncHice ta Lendet shail btt given by `��% �:=':•• .
<br /> r;�.,. :
<br /> ''�,•,c.•, first class m�il to�.ender's address stated hereirc�cr an addres�l.ender de�i natc�b notico ta Bonawer.• An notice �
<br /> Y S X Y '�. '�'��:-`��.�. ��
<br /> �`�;;�`-��+. , provided for in this Security In�irument�hall be deecned co ha��bern given tn Borrawer or i.endet tivh�n given Ws provided
<br />� ,. . in�hiq paragraph. . �:: ... : .........
<br /> `,,.., -.. 14. Governie�Law:Se�erability. 7'his Sec:urity in�in,ment shall t�c gnvcmcd by Fcdcral law and 1h� law of Ihe ' �? �
<br /> jurisdi�tion in wl►ich rf;e Fm�erty is►a;atcd. tn�e e.em �hat any pra�i�ian or cl.iuse of thiw�5ecurity.lntitrumem or the � . .
<br /> Nnte conftieis with�c,�Srubte law.�uch canflict�,halt not affcce ott��7 pro�i.ion���f thi��Serurity�lnstrumCnt or the Note `
<br /> �- whlch can bo givcn effect withuut thc canflirtin�prnvislon. 1'n shis cnd thc pravisiun�of�hix�S��curify�Insitumcat:uid Ihe
<br /> � Nate nre deClared�v hu severablo. s�' .
<br />� � , IS. $orrnwer's 4upy. Horcowcr�haQ bc�;ivrn cinc rvnform:d co{ry i�f this SrcuritY�Mstrumunt.�� , t
<br /> 16. Assignment of Rents. Horrnwrr uncanditiunal�y a�signs:ind iran�fcr.tv l.cndct all thd a�mx au�d revenues of the�
<br /> , Proye�y. Horrower au�hurirev le:ndcr��r le:nder�agc�nt�tn cnllect the rem�and revrnuu�and hereby diet:cts each trn�nt uf :�
<br /> ihe Property to pay thn tent�ro I.ender at Lcnder's�genty. N��wcvrr,privi t�►l.cnder�notica tu Horsnwer of Barrowcrs
<br /> � ' brearh of any�aven��nt nr agrccmcnt in thc Sccutity inarwnrnt.I3orroacr shal?cullcct and rrcciv��uti tintN�ttd tnvcnu�w uf : .
<br /> • the Propeny�.c trustev for the t+cnefi���f�enQer and Hurruwcr. 'fhi��ytiignmcnt uF rcnt�cun,tiwW��n uts�alut�u�.rignmenl� � • ;
<br /> ' and not an ussignment for udditinna)vcctrriry unly.
<br />� ° �• • H Lende�gives nntic�e��f hreuch ta i3orrnwer: /:�►all rent�rcccivcd hy t#�m��wer Yhall Nc twld.by pbrrnwera�tnt�titrc .
<br /> _ , -.. fot beneiit of 1.eader anly,to be applicd tu thc sunn acrurcd by thc Sccurity Mstrument: ib�l.enJ��t siwll be entiticd tu � _ -
<br /> • � coltect and recei��e atl of th�renis of the Pniperty::u�d Icl each tenam��t ihe F'ra�rerty.hall p.��ulFnmw•duu su�d unpaid tn� , .
<br /> ' � Lender or 1.end�rs agcnt on Lcndrr's wdttcn demand tv t�c tcnant.
<br />. , Barmwer�as ttot executcd:uty prlor a�sif;nmcnt oi the rentti and ha�nat and will nu��perfurnr:u�y�art Uwt wauld��
<br /> , , pr�vent l.ender from exercising�ts dgf►ts undrr this Raregraph 16. , .
<br /> . Lender sltafi nat he rcyuired to enter upon.takc contt�l of or maintain ttu:Prupetty lx�fo��ur aft�rgivin�t natice�f�+
<br /> � breach to Bottowet }lnwever.Lender�r a judicralty appuintcd rrcelver may dn w al anyti�tu�thdte is u bn�xh. An�+�;•
<br /> ,..
<br /> � �. appllcntian of ren���.Rall nnt rure or waive su�y defauft ot invalid�te any uthcr nght ur rcmect •uE l.Cndet.�7'his�ssignme�nl�+
<br /> -_. .:-, _-�.-__-_=--
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