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<br /> � c9eita�zf th�monlh�y paymont�,vahlch nra vctoricd t�In�'ara�raph 2,or chQnpo tho amount ot �uch payinr�nto. Any • -
<br /> caxcnu��rc�r,eeds over an amoui�i roq�ilrad to pay�II autst�nrJln� indebtetlnosa und�r tho No4d and thl�Scr.urliy _
<br /> I�ietn�r�tA�c ehall be pald to the errtlty logally entltled thoreta. ' � , -
<br /> �� ' e.Fee�. �,erxier may cdlocic fees and chargoo authorl2ed by tho Secrate.ry. „ , _
<br /> 9.Cr��►r�➢�tae Accelerntlon of Debt. � ,
<br /> (r�)I�1fl�cPP. Lende�may,except as Ilmfted by regulatlona IssuAd�y the Secretary In the case of payment detau►ts, f, . ,:.. �
<br /> r��t d r�a I r n m o d l a t e p a y m o n t I n P ui l af all sume socured b y thls Securlly Inatrument If: �
<br /> (q Borrou��er detaults by falling to pay In tuD eny monxhly payment requlred luy this Security Inctrumont pr lor .
<br /> � to or or�the due date of ths next monthfy payment,ar • ';'�.���
<br /> _ I�.; (II)Borrowc�r def�utte by fe:illn�,for a perlod of thlrty dayo,to partorm any other abliflatlon3 contalnod In thls . �
<br /> Security Instnimertt.
<br /> " � " "'°"` ,i ((,�)�ate Wrihout Credli Approvei. Lender shall,If permhted by appilcuble Ivw and with tho prlar appraval of the ,
<br /> �er,rrit�ry,raqulre Immediata payre►r�nx!n h.�l o!all the sums sacurod by thls Sacur(ty Instrumont if:
<br /> (I)Ail or part of th�r Pra}xtriy,or a banefir,lAl Intvrest!n a uust ownlnfl sll 4r�art of the Property,Is sold or , : °. ._
<br /> ; othervvlse transfArre�d(other than by de�vloo�descont)by tho Borcaufor,and `,.,;.��: ._
<br /> � (II)The Property Is not occu�l�d by thr�pu�a.t►aser or gre�ntee as hla or hvr princlpal reskfence,or the . .;�;y,�;;,_Y':
<br /> � � , . t;, purchasar or flraniee does rq acc�py thQ P��¢erty but h!o or her credlt has not baon app�aved In : , ;�';:.,,,;;__,�,.;,_,,
<br /> .•�� nccordance wfth the req�c!ru�man��ot tho Secretary. �
<br /> •: = fj �4�WAtvsr.If circumstances occur that wauld permft Le�@er to requlre immedi�to p3ymont In full,but Lerx,�er . � ��,r>y�^��r�K�
<br /> . . �,�;. �� dii o not require such�ayment�,Londer does not wabe fts Plghts with respect to euhsequa�t events. ,.,-.,�;��,,,:._
<br />_ �:�...,;; � .��.
<br /> (d)Rs�uii►41of�9 07 HUL13��6t�ry. In mriny clrcumatances re�ulatlons issued by the Secretary wfll Ilmit l.ender s _ ��•;�'°. --
<br /> m
<br />•.;i��., � ��`•`���j.� rlghts,In the case of p�yment defaults,ta requlre Immedlate payment in tull and toreolose If notpa ld.Thls Security ",�Jv;�.y_.;�
<br /> � ,'��!'����`�_' instrd�ment does not authorizo acceleratlon or foreclosure If not permi�ted by re9ulattons of the Secretary.
<br /> . ,,�,,;., •:'�:"��'=":.-
<br /> '-''s,�.,,� :>.�,_—.�
<br /> ' •�,,.:1� (o)AF.toriflage Not insured. Bosrower a�rees that should th9s Security Instrument a�cd t6�o note secured thereby nat _,
<br /> �. r. n;;.� a � _.
<br />- �;�.•� be eiiglbte for insurance ur�der the Nattonal Housing Act wi¢�hln e o D A Y S from the date hereof. ;,,,�_,:_:-__
<br /> ,,, Lender may,at Ite optlon and notwithstanding anything in P�ragraph 9 requlre Immodiato payment In tull o!ell ���_ "
<br /> ; :,�; � ° �":� sums secured by this Security Instrument.A written stc�temant oi any authorized agent of the Seceetary date� � ;;,, .-'-
<br /> subsaquent to s o D A Y S f r o m t h e d a t o h o r�o f,d e c l i n i ng t o Insure thls Securlt5►la�strumant and 4he _
<br />-. ';:y. :� not��cured thereby,shall be deemed conclushre prool of�uch Inellgibll{ty.Natwfthstanding the 4or�agp(ng,thls ____ ��
<br /> � . �:�`�s optic�n may nct be exercised by Lender when the unavaflebillry ot Inaur�nce Is sotely due to Lender'o lallure to remit �._
<br /> � ''�r1'�:>. a mor��age insurance premlum to the Secretary. `�
<br /> � t0.Relmxt�temeri't. Borrower hes a�Ight to be reinatated i�l.ender has required im,mez9l�te payment in tull because - �;c
<br />- `.'.`'�'' �g��Qu;os�a���ta tn n�y an amount due undor tha Note or this 3ecurtty Instrument.Thls�l8ht applles even after
<br /> � � � -;����� toreclostare pracoedings are instituted.To relnstRte the 3ecuriry Instrument,Borrawor snaii idi�uv�i��a iu��s�tm�!! .
<br />' , ''``��•'�' amounts raqutred to brir�g Borrower's account current Includtn�,to the extent thoy are obll�atlons of Borrower under
<br /> '' � � �:"'��;�'�- thla Sec�rtty Instrument,foreclosur�caste and reasonable and �customary ettomeys'fEesand expenses pro p edy
<br />�� � , ..,. �;�;��! thls Secs�7fry Instrumettt and t h e
<br />-;,. � � ' , �� assocla3¢;d with the toreclosure praceading.Upon reinstatem�nt by Borrower.
<br />=��;���; � .�: obllgatlar�s that ft sec�tros shali re►maln In eNect as ff I.ender had not requlred Immedtate payment In fuil.Howevor,
<br />- `� � Lender ts noi requlred to permft relnstatement if:(q letidor has acaepted r�irt�staterrsent after th9 commencement of
<br />=������` • � "• foreclosttre�procc3edln s within two years Immodi�t�ly preceding the commoncemont of a curtent faecivsure ,,, ,
<br />�,cu.��;L.,e4,a•' g �
<br />���.�;�,�} ' proceed�,(II)relnstatement w�ll proclude toreclosute on dmer�nt grounda In the future,or(IIQ relnstetamont wIU t
<br />�,����, .• sdversely affsct the prlority of the Ilen created by thls Security Instrument. ,
<br />- �T'�-� . . 11.Barrower Not Rele��aJ;Forhs�rence by Lsndef No�a Waivsr. Extenslon of thfl time ot paymoni ot ',
<br />_-_��-•.: � ., hs
<br /> ' ' modHicatlon of amartlz,atlon of ths sums secured by thla Securiry Instrurnont granted by Lertder to any auccessar In
<br />°'`"'`' �,'�.•.. I�terest of Borrouver shatl not operete to relsase tha Il�bilfly of the orlglnal Borrower or Borrower's succo3sor In IMerest. ..._-
<br /> --�>�,:,, �.
<br /> _==�_-=�`�� Lender shall not t�e raquired to commence praceedings agelnst any successor In Interest�r refuse to e:cta,nd tlme for =�;;_-
<br />�-,-�,��r� �.;..,��
<br /> --•°---�=-�� payment ar otherwlse modity amortlzatton of the sums secured by thls Securfiy Instrument by reasan of any demand __
<br />--�"`��--�--ti��=�s�� rt�ade by tho origEnal Borrower or Borcower'3 succasso�s In Int�erest.Any forbearance by Lender In exercising any right
<br />-�= --�=�i or�emedy sfwll not be a waiver�f or precludo tho exercise ot any Hght or remedy.
<br /> = R��� 12.Succ�ssars end Assi�ns Baund;Ja{�a��td S�venl l.l�blllty�Co-Sl�ners. The covenants and agreemer�is of
<br /> -u<�,-�"�� this Securky InstrumeTt shall bind and benefft the successors and asslgns ot l.ender and Bartower,subJect to the __
<br /> _-_-:_�_�'��;� �� provisfons of Paragraph e.b.BoROwer's cove��ants and agreements shstl be joint and several.Any Borrowe�who _
<br /> -'- °�� caslgnn this Securky Instrument but does not execute the hote:(a)Is co-slgning thls Security Instrumerrt only to _
<br /> =-'�':�.;, mortgage,grant and convey that 9onawer's Interest In the Property under the terms o'f thls 3ecurity InstrumerM;(b)is
<br /> --'""�""���� not personaliy obligated to pay the sums secured by thls 3ecurity Instn�ment;and(c)agrae�that Lender and a►ry other
<br /> � = Borrower may agree to c�ctend,modffy,torbear or make any accommodatlons with regard to the terms of thls Securtty
<br /> �°"'�"---�'"'�s'�� InsVUment or the Note without that Borrowe�'s can�ent
<br /> _;�'�"�""" � 13.Noticei. Any notice to Bortowrer pr�ovi�ad tor In this Secu�iry Instrument shall be g(ven by dellvertng ft or by --_- --
<br /> --��';:" � rnaHing it by flrst ctass mafl u�less eppllcable law requ(res use of another method.Tho notice sha11 be directed 4o ti�e :
<br /> ,_;�;�'F;,=�'�:'�:��t;� Pro�erry Address or any other address Borrower des{gnates by nottce to Lender.Any nottce to Lender shall be gNen ��,«;:__
<br /> -•� •�;,����,�'� by first class malt to Lender's address stated hereln or any eddress Lender deslgnatas by notico to Bonowar.My notica ���
<br /> y`;#,�':`:;;;"�;�,�;, • provided for In this Security Instrumont shall be deomed to have been given to 9��oweror Londer when�hren as
<br />--:,�•�,,;::�:,:':F;:,�, : Prov{dedlnthlspara��r�aph. ==����--
<br /> � 5,
<br />,�, f t� � t��ovemtng l.�w;Seva���lbty. This Securiry Inst�umont chali bo govemed by�Pdarel law and tho taw of tho �,��R�,�,
<br /> '-' ' .�f�';.�:�`�(� lurtsdlct�ra En whtch the ProReriy Bs tecated.In the event 4hat a�y provislon or clauso�'r shis Security Inat�rnerrt ar'thr� y}�y� r��;
<br /> .. ' �(r�15 4Z� {�..f.�.�.... �
<br /> "���f����'.}���� Note cotrtllctswfth eppllcable law,such contllct ohaU not aflect othQr provlslons of Y��1�Seeutity Instrument orth.��oto ���,:.t�,_
<br /> ,. .,.�,,, .��. 1�,�.,, _-'�
<br /> - �� • �� � ' whtch can be gNen etfect witho�t the confllcti��rovislon.To thla end the provlsians of this Securtty Instreament and the
<br /> _ ,� �'� }_ }.'
<br /> Note are declared to trs severaWe. �-•
<br /> " � z � 16.Borrow�r'�Copy. Borrowor shall be given ono conformed copy of this Secu�ity Instrument. s�;;;' •'.'
<br /> 16.Asslgnment ot Rents. Banower uncondiNorudly essigns and transiora to Lender all the reMs and revQnuos of �°:,_ � ���
<br /> q ._r � ��:,�'
<br /> _�=.�,�:� 7- . �. _k � •,.�,...�_
<br /> + .�..,n..,..,�., a.,,,,,..��a���as i.ar�dar nr Lender's aaents to cdioct the renta snd revenuos ar+d hereby_df�ects eacN ;;�.;�;�;;, „��..
<br /> _�,.--- T,� ..o. ,,.....,.__.._------------- -
<br /> .��,, •;.; tonant of the PropoRy to pay tho rems to Lender or Ler�3er's agentc.Havrovor,prior to�ereders noiico iv�svrrvwer o� =,�-�-�-,-•T-.-r:-.
<br /> Borrawer's broach of any covonant or agreement In the Security Instrument,Borrower oht�ll cdlect and recelve all reMs :�::,.;:::�Y"f;�;;_ _
<br /> and revenuos af th�Propeety as tn�stee tar tRc beneftt of Lender and Boreow�r.This assignment of rents consiitutes an • � �- � � •
<br /> ' absdute a�slgnmer�t and nut an assignmeM tor addittonal security on(y. �'� �`, �
<br /> ` IP Lender gfves notice of broach to Borrower.(a)all ronta reu�ived by Borrower shail be hald by Bonrnnrer as ttustee . � • .
<br /> � for boneftt af Lender only,to be appiteci to the sums secured by the Security Instn�mQm;(b)Le n dor s h a l l b e e M ft l e d t o .
<br /> coltect and rece(ve�II of the reMs of the Properry;and(c)each te�aM�the Propsrty shall pay nll renta dua end unpald
<br /> - �� to Lender or Lender's agent on LendePs written domand to tha tsnant. °-
<br /> � ' BoROwer has not executod any prior assignment of the rents end has not and wiU not perform t�ny IIC4 thnt wuuld �,
<br /> � prevent Lende�from exarcising its►tghis undn�this Peragreph 16.
<br /> —. ..__• .. ., �� r� a _ ho n _ _
<br /> - ; ,r-�z --- L9f1Q8P 8�18i1 IIOi U9�equifHii 4G'vi u8i tij.vn,28::8 CC.:SiG�C�Ct:i1,.IR...In ih3 P._¢_4'�;__T_ra nr AR6�c11V111Q Il0IlC8 �_T_ ----- _
<br /> ` ;•��� �� breach to Barrower.However,Lende�or a judiclatly eppolnted recelver may do so at any time there Is a brsach.Any ,
<br /> � epplicBNon al rents shall not cure or wahre any detauft or Invalklate any othor rlght or remedy ot Lendor.This
<br /> � asslgnment ot rents of the Prapotty shail torminuto uvhen tho debt secured by the Security Instrument Is pald in full• s/os
<br /> = FHAFiE8R1►SKI�OHEO OF TRU8T �� .� ' • ,
<br /> —, � ISC/FMDTNE//0691/(f's953.� PA E 3 OF 4 u ., Y.. .
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