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<br /> P�Y�wtticD ne defasr+d w ie� 2,or ch�agc thc�mow�c of such p�yments. My�e�tcas p�uoEeds ovrr an
<br /> ' , arnowut acqaired to pax aU ou�tar�din�edaess undet the Nate and thig Secutity Instiument st�q 6E p�id to the endry
<br /> '. legally eatitled theteto. � .
<br /> �.Fees.L.ender may ootloc�fas sndct�ges audhorized by thc Secretary. .
<br /> � Grai�ds�or Aecelentios d Qebw
<br /> � , (a)Def�wM. Lender mry.eatcept as limitod by regulations issued by the Secr�etarY in the case ot pa�amait defantt4.
<br /> -- roquin immediuc piymatt ia�ull of aU sims secured.by this Securiry Yngbument i� _
<br /> - � (�)Bor'ruwer dcfwlf3 byr�'ailisg.to p�y in fuII anY�Y PaY��9u��li�s Secmity�ttt� - --——
<br /> ��[o oc ou thedue date of tbe aext mw�dilY WYment,a •
<br /> � > . Cu)Bamwer defaalts by failing,for a penud of thuty days.to pnfam aay ahcr obligatioas contained in this �
<br /> � huunmen�
<br />- {�)�*�Cre�t Approv�t. I.e�der sliatl,if permitted by applicable taw and with thc prior appoval of the
<br />_- � . Secc�►,no4unne immodiate WYmeat in fuli af�tt tbe swnc secuzed by this Sec�rity[nswment if: •
<br /> • ()A}i a put of che Pmperty.or a beneSci�I irmenst in a tnut owning aii or pa�t of the-PiapMy,ia sold or
<br /> -: � •, ;•;':• oti�erwisF uansfened t_cNher dun by devise a descent)bY tho BortoweG and .
<br />::-c� ` �s`<':" •tii)77�e PtnpeitY is n�aE ac�piad hy the ptuetrsser a grantse as Ius or her priacipa!trsidet�ce.or the p�uchaser
<br />- - ' � or grantee does so flowpg ihe Ptope[ly but his et heT cted�t ttas not been approved in aocordanca _ �—
<br /> . . . with the nquicea�ems�tbe Seceetaty. ;
<br />- ` .` : �{e)No Walver.If�icc��±±�*��es aecac tfiat would pe�mit Lender to require imme�iate payme�in fiill,bui i.ender =
<br />.. ,�_'; does not nquire such pa��mc.ats,Ceade�rdoes not waive its rights with nspect to subsequent evens. --
<br /> , � t{1)Regu�d HUD�. In many�s regula6ons issued by ti�e Seccet�=wiIl lirnit Lender's ---
<br /> � �;:;;:'••.: , < < .. tights, iri the ca�o�payinent defanits.to requine imme�liate payinent in fult and foreda��i�not patd This _ ----
<br /> 4: ; nen
<br />' -� '`,;::,:,: .`' ;.. Seauiry ia�amen�8oes no�aud�arize�cceleraaon or foKrlosure if aa permicred bY ngul�i�tbe 5a�'- � -_
<br /> �.`:;,;. :�`` �`fe)Mortp�e Nd Iasared. Botmwcr agras tirrt sisaild ttris Sectttiry . ��9:� - --- -
<br /> , ir lnsuum�.mt and.the�e::v�:Fted
<br /> �, ':�'� �:�8e eligibk for insuranc.�e+rr�der the National Hua�Act within S monfi$& ' .` �� '�� � =
<br /> �'., �_�, ` � �`�date heneof.I.eader m�gt�3ts option and nocwithst��►g anything in Parag�apir�.�i�quit+e irninodiate�i`+�in '� , � � _
<br /> � � '�'�- � � fnD of all snms secur�1��tis Securiry insutune��`i�l aritten statement of arry"�ar'szed`�t of ti�e S�ary � .,�.
<br /> _r=�•- - x�
<br /> � .�= �r dated subsequent to $'nlonths from the date here�of:c2eclmaigt��s�e this Security � -,., t:_
<br /> - - ':� _ I nsuumen t a n d t h e no te�r c u re d i i ti e r e b r,s h a l t b e�e emed conclusive p ro a f o�su:�r iseli g iL�g-':�Fotwithstanding - E -_ -
<br /> '!,`_: '_. '
<br /> ' � ' :�,.�r the foregoing,this op��.�y.:ay not be exercised by Ler�der wben the unava�'taisilit�;e�insu�ce is so�ely�due to � • -
<br /> - _ _ ."* . 4• Lasdersfaituretore�cE"��.�zge-�sarancep�emiumtocheSecret�y. '- •::;�•�' . � - °' ' .:��`;� �-
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<br /> .�' ,�.�,•;}��,�. - , : IIi�: Reiastatement. Bch�r��arr�:+t to be reinstated if Lender has require�;��se3z'e�ar..ee�s in fuILt�� ' ' � --
<br /> �'' =ti�°''�`�" • .� `; of�:zawerk fai:�e to pay art a:.��i�r�nder the•Nate or this Securiry lnstrria��r•'C"c�•mbx�:�-�Slies e:•r�r_� ' ,". � t
<br />.' � {�� ' • � foiecSasun proceedings are msatuted. Ta r�instate the Security lnstrument,Borrais�:��:W i.*s a lump s�m�� .:;-� .� ; "'
<br /> , -', ,����: � aat�s reyuired ta isring Borrower's account cun'ent including,to tfie extent they are ofi li�tions�e��orrower un+�ec?�s - �, };':
<br /> ` ��;�.'.. . � S�:y lnstrument,foreclosure costs and reasonable and customary attomeyc'fees act�ei�ses PtoPerly assoc�?�.�':�, `�'�''.'"''
<br /> �'; : G*a r.c l o s u n c p ro c e e d i n g. U p c�i.zei ns t a tement B y Borrower.this Securi ty Instrumenti�slie obligatians that it� '��:�,�Y-
<br /> r-�� • ��Fremain in effect as if Lenc'�:�d nnt rec�uired immediate payment in full. Howa►�.=�nder is not tequired ta p�:t •��• `=� - -
<br /> '.4. _��:. . ,..: . , . ___
<br /> • - .�''��`-_�;-: reinstatement if: (i)Lender ha4.�a c e p t e d cemstatement after the cammencement o�fc�ectasu�e procecdings.w�thin two �`.' `� _�
<br />' '°:�.���"";'�� � years immediately pm,ceding the commencement of a carrent furectosure proceeding.•(ii) reinstatement•w�U prrc l u de . - , __-
<br /> • ;;�,:�-��,h�`�s; . foreclosure on different graands i�the future.or(ii�)reinstatement uill advessety affect the priodty of the lien created by . ;�
<br /> this Security Instrumem. `�°'-'
<br /> `R�`-�"'�� �'� 11. Borrower Not Re�sa.E; Forhearance by Lender Not a Wajver. �x�iic�n of the time of payment or � ..�. _._
<br /> � - ?� ` � modification of amartizatian�E L�:;esns recured by tbic Security Mstnrment granted bp G�der ta any successor�n interest • . •,� :_
<br /> =`-s'�.����_=� � of Botrower shall not operate�r:=ase the liability of the original BnRawer or$�r-��er's successor i►�interest. l.ender ;;.��
<br /> -�FS•:=`=� � shall,not be required to comene��proeeedings agamst any successor in ince-e�•orrefuse to extend�e far payment ot • �. • ;�_=-.
<br /> -g,-` ::�,•�
<br /> j.L ;s;.:A;� ';-.~ ' otherwise modify amortizatiaa a€the sums secured by thic Security Instr��s�y.�asan of asiy di�t:and made by the a.
<br /> -i�<::.;::`.: ..c��al Barrower or Borrower's•y�qcessors in interes�. Any forbearance by�er�'�'ir cx�ising any ri�fit or remedy shail � . ,. �:�=
<br /> •. T;. _.:. , ;�;.-
<br /> f..,_ . a�t ti�a waiver af ar preclude tLxa wy+r.prcise of any right or remedy. • ;:, ,,.,
<br /> '"•-��'' � �Z. Successors aad A�sigz��ound;doint and Several Liabili/y;Co-5i�te�s'. 'Lir:�ovenan�s and agreerae�n.saf � • � �=>_
<br />� � ������... . .. . ((:•:-•_.:" •
<br /> • �•1:•_: • � • �` :'as�ecurity Instrument shall bir.s�.��3 benefit the succe�sors and a.titiigns af Lender am�C�r?i��er.subleci to the pr�i�i��tS9 ' ;+;_
<br /> �of Faragwph 9.b. Botrower� cove�:an¢s�r,,i agreements shaU be joint and aeveral. t�.j.,S3arraacr��to ca-si�:rs tl�is _ :_'
<br />�, �;.:� `:' , � Security lnstrument but dces not ex�•����'��+te: (a)is co-slgning this Security Instrs.menCenJy w�ttu:�age,grant and , ,�=_�:_
<br /> , ' � •-�,;_�;� canvey that Borrowcr y interest ia t?iz r`'cap�^}��dcr the tcrms of this Security lnstrumer��e�t.is r.ct;(�r���alfy obtigated to � __
<br /> ;�„y_ tit } � paythe sum.v secured by this Se.Y�:r'i�L�Str.�.�menG and le)agrees thae l.ender and an�rtlrc�t�rirm�et�ay agee toextend, ,,� �,� -�_.
<br /> -��-� �� mad�fy.forbear or make any 2cc.vn��t:ons with regard to the tcrms of�hic 5ecuaty f(�vr�.tn�ent�t�e Nae wiihaut thut 4
<br /> - :?`-:.`�.'� Borrower's wnsent. . . . : - �:�. - -
<br /> . .i.} '.- _'1:�_�,�. ."�.:,.�.� .:
<br /> `:-.� -r,.; 13. NMiees •Any notice:�s�oao.���c�rauvided foc in this 5ecurity 1ns1rument sFiall ae b�`rai ty dellvering it or by . � . � , :���
<br /> ./: :�4,...�
<br />, . , .;A.-,£._:: �Y � meiling_it by fi�u':�s mail in:tess applicab'v law requires uw af anather meth�xl. The rtoticC 4halE be directed to tho . . .-.
<br /> '� : ' Propar[y AdQress:��i'y othe�address�orrowec dcsignatcs fry naticc ta�cndcr. Any natice ta L.e�u�er shail be�ivcn by .
<br /> � , - .,.,;ti�,.�,'� fw;class mail in Lenders a�i,ii�ss stated herein or any addres� l.c.nder dcrignates by niytice to 8otrower. My natice
<br /> ,.,���.�����i�; �n�xii�r.d for in this Secarity tn.���ment shall bc dcemcd to have hcen given t��Borrowec cr t,cnder wheo given as provided �
<br /> , ''t��i+?`:,�t� uttLls. ategraph. �_
<br /> .'.,;�.,;�:,,`;�� , ,.�.S`q�. Governing Law;5everability..Tliiw Sccurity Invtrument shall hc gnvcmed by Fcderal law and the t:�w uf�he
<br /> .:' •:�.""'•. � ,�_.� +���diction in which the Property is tar:�ted. In Ihe event that�ny pravi�inn or cl;�use of this Sccuri"ty tnstrument.or the � , .
<br /> , •_%.;_�y;.�.ti s" .• � � .�?4Ut Conflicts with applirabtc law.such rnn0ict�hall not affect nthcr pruvision���t thi�:ScCuriry lnszrurncnt or iho Notc
<br /> :� ���;;�,�� ,•�� .�:.��'.` . ��ti�ii�:�an t�e given effect witttnst the canflicting prnvi�iun. Ti+thic end the provisionti ti�this Serurity fnstrumenl and the E
<br /> ;'=.�;'r'�s'" ;Vut�cu_declared to.be scvcrs6lu. � .
<br /> . .;�'(.l'. . f.
<br /> , . ••��� . ''.GS. Borrower's Copy. 8orrunvcr shall br,givcn one�:onformcd c��py nf this Sccurity.(mtrumcm. P
<br /> r; ,. . . 16. Asctg�m:ent ot Reets. Bnrtawer uncnn�litinnal�y a4�ignv und trun�fers to Lender al!the rents and revenurs af thu I
<br /> ' �� Propetty. Boaow�r autharizes Lender or Lcndcr's�gcnt�v ta calicct ihc rents and revenucs and hereby direc�v c�ch tetumt uf
<br /> ` ' � • the Property to pa�thc rents te�Ixnder ur Lcndery agcnt�. Ha«•cvcr.prior to Lcndcr�nnticc to Borrawer of Borrower+ ; � .
<br /> , • bteach of any covenan!or agreement in the Srcudty tnvtntmcnt.Hunua•er xhaU�Yillect and rereive all tents:u�d revenu���nf . �
<br /> ' L • ttie Property as trustce fur the bcnefit aP l,ender;u�d Hurw��cr. This a�cignment uf rentv ronstitutcs:ui at+satutc ussi�nmeni • •;
<br /> • ''� . and nae an assignment!or�dditional security��nt�•. ' .
<br /> ""'' - lf Lender givey notice af brearh to[i�rra«•ec (a)all rentc reccivrd hy Honnwrr vhatl Ne l�e1d hy 8orrnwer as uutitee � • .
<br /> ' - - - - for benefit ot Lendar only,to bc applied ta ths sums srcuteci b}•the 5ccurity 1n�itument: (b)Lcndcr shalt be entiQe�to •
<br /> � . � collect and recelve a11 of the renty ui the Propeny:and(c l carh tenant of'the ptoperty�hall pay:ill rcnts duc and unpaid tn .
<br /> � � Lender or E.ender's•agent on Lcndcr's writtcn dcm:utd tv the ten;u►t� . "
<br /> � Bortawer has not ezerutr�!:ury prior unci�unrm uf�he•rents:ind h�.ti not and«ill not perlorm any:trt th�t waul�i
<br /> ' ' . prevent Lender from exercising it�nghtti under thi�P.u°agr�ph 16.
<br /> � . '. Lender sh:ili n�t be reyuircd to cntcr upatt,take wntmi nf ur m�intain thc Propcny befom ar sfler�;iving nurice of �
<br /> breach tn Barmwer. However.Lcnder ur a judu��iliy•ap�nninted rrrciv��r may do so at any time thrre is a brearh. Any • •
<br /> � - npplirati�n of renfs sh�li nat cure ot waive any defautt aR mv;ilidatr any uthcr right ur remed�uf Lender. 'fhis�ssignmcmt
<br /> ,.
<br /> - - �- --- -�-�
<br /> � • . _ . . of rents of ttie Ppopetry�h�1t termlrtatc wltrn che debr secarcvf fsythe Secmiry fistramer�r i�p;udr m fulf. � - - . ----=---=- ---
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<br /> . . .• .. .. . �. . �taeE t�,�a pases► `
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