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<br /> , C�6� ���J�� LOAN NO. 1 5 3 s 2 1 a 5 e 5 ' � '``'"F�,'`�
<br /> ! dnto oP the monlhly paymonte,which are teferred to In PAragraph 2,or change the emo�nt of such payments. Any �; '`
<br /> � o�ccoas procoodo ovcr c���mnounY requlred to pay all outet�ndlnfl IndebYedness under tho Noto and thls Seaurlty "
<br /> „ In�4rurnar�i oiiall E�3 paici 4a ti�o ontliy legally entlUe�i thore4o.
<br /> i �.Fee�, l.ond�r may callecY i�es and chArgos authorized by the Sscretnry. ;:
<br /> o.Qrounds fo►A�c�l���tlan of Dsbt. ,. -
<br /> (a)D84au6i. l,e�x��r�nAy,exeeo4 efl I(mtt�by rsgulatlons Issued by the Ss:.�st�ry In tha ca��af p�ym:.nt defwults, �
<br /> requlre Immedlate payment In�ull of all sums secured by thla Securlty Instrument if; C �� � '
<br /> • � (q Borrower detAUlte by fallin4 to pay In full any monthly paym�nt requlred by this Securfty Instrument prlor f ; - _.
<br /> - to c�Y orl tf�a�1u3 dat�ot tha noui mo�thly payment,or - .
<br /> � (II)BorrAwer defAUlte by falling,fqr a perlod of thlrry days,to pertorm any other obllgatlons contalned in this
<br /> Seourity Inntrument.
<br /> "' ����+ (b)5�1�Wfthout Cr�dlt Aprxov�l. Lender shall, if permltted by appllcabl�law an�wfth the prfor approval of the
<br /> """"r' $acretery,reqlllre Irrtmedlate payment In iull of all the sums secured by thls Securiry Instrument If: �
<br /> ° , (I)All or part o}the Pro�erty,or a beneflGl71 intmrest In a tnast o�nrning all or part of the Property, is sold or
<br /> � othav�wlee traneferred(other than by devisa oP deseent)by the Barrower,and �
<br /> (II)The PrapeRy la not occupled by tho purchaser or grantee as his or her principal residence,o;the •
<br /> ' purchaser or 9rentee does so occupy the Property but his or hsr credlt h�s not been appr�ved In � " ��� �
<br /> accordance wRh tho requlremente ot the 5ecretary. `� '�`�::=��+-'
<br /> � (e)No W�Iwr.(}clrcums4ences occur that woulci permlt Lender to require Immediate payment In full,but Lendet ' '�--- -
<br /> �� ;' does not requlre such paymenta,Lender doas noi waive Ita rights with reapect to aubsequent events. . �„�,.���_-�'��
<br /> ; � : (d)Rpul�tlane of HUD 8tcset�ry, In many circumstances regulations Issued by the SFCretary will Umft Lender'a �� .;K: ;x:' --�-
<br /> : rl�hts,In the case of paymer�t defAUlt�,to requlre Immedfate payment In full and foreclnse ii notpaId.Thla Se�uriry :��-�. "."_
<br /> In�trument does not authnrize accol�ratlon or forecloouro If r�ot permltted by rogulatlons of the Seeretary. r
<br /> - � ,. � �. (s)MOrtp���Not tn�un�d. Borrowet s reea that should this Secur Instrument and th�nota securec3 8hereb noi -�- __
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<br /> � be ellg(ble for Insurance under the Natlonal Housing Act within s o D A Y S trom the d�Y�hereof, �,.,-__ -
<br /> ,� � Lender may,at fte opilan and notwfthetandlnp anything in Paragraph 8, require Immedlate payment In fa�11 cf uA __T;:_„__--
<br /> aums secured by thla 8ecurity Inat►ument.A wrftten etatemant af any authorized agent of the Secretary elateci ,„
<br /> �°�� -� ' aubss uen:to e o D A Y S irom the daxo hu��afi,daciinin to Insure thls Security Instrument and the
<br />, ' . " � note secured thereby,ehail be deem6ci concluslve prc�of of s���n ineligfblifty.Notwfthstanding the foregoing,this �""''`" -���--
<br /> � � i optlon may not be exerclsed by Lender when the unuvallabliit}�of insurance Is so le ly due to Len�er'�f a a lure to remit _ _
<br /> a mortgago Inaurence premlum to the Secretary.
<br />,. ., 10.RNn�t�m�M. Borrower hae a ripht to be relnstatod it Londer has requtred Immediate payment In full because
<br /> �> ��� of Borrower's fallure to pay en emount due under the Note or this 3ecurity lnstrurrtent.This rlght applies even after
<br /> � forAClosure procsedings�re InatRuted.To refnstate the Security Ir►�trum�nt, Borrower shall tender In a lump sum�II .
<br /> . � � dti��Uiito Payii=ieni i'v ui�i�'ou�ivrii6i o ai:i:uti�n i;Urio�i►liw=iiiittl�,i�iii8 a'�'I�iii►�i8y ui8 t'iul=�w"'2i0fio O��tiiiC�Jai i:T.��T -
<br /> Y� . thls Security Inotnament,�orec;loa�re coate snd reasonable end custanary attornoys'fees end expenses properiy �
<br /> � assoclated wfth the torecloaure prc�ceedtnp.Upon relnatatement by�orrower,th7s Security Instrumont end the
<br /> �;�=�" � obllpatlons that R securea ehall romaln In efPect ae N Lender had not requlred Immedlate payment in fuil.H�auever, � '
<br />�'u f,;� ,x. � . Lsnder Is not r e quired to p ermft relnstetement N:(I j Lend�r has acce ptod relnatatement after the commencamant ot
<br /> y =�.• y . foreclosure procoadlnpa wfthln two yee��e ImmadlatNy proceding tho commencemeM of a current forectosure
<br />����.��. :,;: ' prxeedUp,(ii)relnatatoment wHl redude forecloeur�on d�ferent grounds In the future,or(ttq rolnoletement wlll
<br /> ;,;.:' -
<br /> __ �,�,,:.4�:),,�„ adverec�y aHect the p�lorfry of the lon creeted by thle 9ecurft�Inatrument ,
<br />=='�°'� '�:. � � 11.Borrow�r Not R�le�ad;Forbganna��y l.�ndw NM a WaWar. Extenslon of the time of payment or , �
<br />�'`�-���;.�,� modificatlon of ttmortize�tian oi the aurna�ecurod by ihle Security Inatrumen3 grarrted by Lendet to any ouccesaor in
<br />�:�::;:-• ; '�'"+• � Intereet of Bor��nrar ehall not operate to ralase�the IlebNity o?the orlginal Bor�r►wer or Borrower's succossor In Interest. -
<br /> -J � "'-`� Lender shail not ba required to commence proceedlnpa e�nnfnat any successor in Interest or refuse to exte�a�i timo ior
<br />��x.���''j.ta'� �.
<br /> -��_-���__ � payment or otherwise modify amortiz�tlon of the eume secured by thls Seaurity Instrument by reason of sny demand �
<br /> ='='`=_- made by the orialnal Bonower or Barow�r's euccetuxe In Intereat.Any forbearance by Lender!n exercis(ng any right
<br />�`"��;='���`�=� or remody shall not be a weiver of or prec�ude the exerolee af eny right or remedy. -
<br />_ `�=�=`��.--�'-�-�,� 12.Succawrs�nd As�t�ns 8ound;JoIM�nd 8�v�1 l.l�lillHy;Co-Si�ners. The covenaMo and agreemeMs of
<br /> "`-=:=`�;z;�-- thla Sacurtty InstrumeM shall bTnd er�benefR the euccessore end asslffns o!l�ender snd Bonower,su�Ject to tho
<br /> r'tr � provisbna of Paragr�ph 9.b.Barrnwa'd covenaMe And A�reements ahalt b�po9nt end several.Any Borrower who
<br /> � ,��,,;��,;;� caslens thls Securtty InstrumaM but doee not exeaute the Nete:(a)Is co•slgnfng this Securfty Instr�meM anly to -
<br /> ,��� mortgago,grant and conve�thet Borr�xer'o IMereat In the Property uncfor tho torm3 of this Security InstrUrneM;(b)is :'"� --
<br /> �g����_ not personally obliyated to pay the sum�secured byl thte Security Instn�ment;and(c)ar�rees that Lender and any othor a _=
<br /> �_..,�_�.� Borrower may agree to extond,modHy,fotbear or make any acaommodattos�a wfth regard to the terms of tt�ls Sacurfty �'�-�� '.
<br /> _�:�� Instrume�or the Note witheut that B�nower'e coneem. --�-
<br /> _.--,�._:� �� � -�
<br /> ---- �u;.�, , 13.Notict�. Any not�e to Borranrer provlded for In thla 8ecuttty Inatnjmer�t ahall be glven by dellvering It or by �:.��__--------
<br /> _�,y.i:ti._.,�; . _-�==::::- --
<br /> malling ft by first clasa mall unteas ep�IlcAble lew requlres u�se M anothsr method.Yho notice shs�ll be direated to the �y;.,t.__.��-._
<br /> � � Propeny Addreas or any uther addrese Bo�rower deeipnatee by nstice to Lender.Any notice to Lerxler shall be Qiven �� _.-.��_.
<br /> _ -:�=.�.:"`=.� � by f�rat class mall to Lender's addresa etatsd her�ln or eny eddreed Lender designatds by noilce to Bonower.Any notice '����.,,._._��-.__
<br /> .,• pravided for U thls Securky inatrument ehaU be daemed to have boen pivan to Borrower or Lender when given as +'f+':E'r'��:' � .�
<br /> � provided In thls paraflraph. a.,;<J . ,�,,;:'�6,�:'
<br /> � • 14.Gowmin�l.�w;S�wrt�fslltty. Thls SecurBy Inetrument ehail be floverned by Foderal law and the law of the ��ti;,,.'
<br /> � urisdictlon In whlch the Propert la loceted.In thA event tht�t an pravlslon or clauso of thls Secu Instrument or the �+?s`-��'�'N . - ��s�.
<br /> Y Y r►tY +•l;;,�.:"r i�'� `� xc�:
<br /> ote coMilcts wfth applicab+e law,such confl�t ehall noi aHect other provislons of t�is SoCU,r��mjls�strument orthe Note ":;�j�,:;..:,,l >
<br /> t whlch can bo given offoct without tho corttilctlnfl provlelo�.To thle etxl the provislona of th's�s�urd3yv Instrument and the �j�.s�.•�;'`��• � � ��'`:�
<br /> ,. �,�' :.� � S7r�iy 1 y4�.
<br /> �.� .r:, � Note sre declarod to bu severable. r,� A . �s�r '
<br /> � � .�.:;� f� 16.Borrow�r'�Copy. Borrower ehall be qiven one caMa�med copy of thla Security Instrument. �.��.���':;�:�'�,,
<br /> _ �� � ' �.. ' � 18.Asslpnr�iont of R�M�. Borrower unconditlonully eeelpne end tranafere to Lender all the re�s and r�venuea of '{_�?��`�ti��7�:•��4;�'``:�'
<br /> �•'' J � '� the Properry.Borrower authorizes Lender or Lenderb aqente to collect the rents and revenues aPSd horoby directs each �• �`��;•: �`s��"���
<br /> •: {�,�' s �v. r �
<br /> �.; �� � � tenAnt of tho Propo to pay ihe rents to l.endor or Letxior'e a�ento.HQwever,prlor to Londer's rvotico to Barrower of 1,�,;;;, , �.;. ,� �
<br /> . , . � .. .__._ .. �_ . . .. _ .. .. . . ..
<br /> - �rT-� � ooriiivirer s uroucn cn any cvvenani vr apreamenc m tne csocurrcy�ne�►umern,oorrwver enan careai ena recerve an rerris ;:�. ,+ vr��� _:
<br />- and revanuoa of the Property ea truateg tor the bene4lt of Lender end Borrower.Thla ssstgr�rnen4 c�?r�nts cmnsiitut�s en , ,�; _,•�;�.:,,;�
<br /> ' absolute asslgnment and not en sselpnment for addltional eecuri�y only. ��'t�� ,�
<br /> ; °'� If Lendor gives notice ot breach to Borrower: (a)all rante recetved by 9orrower shall be held by 0orrow�r as trustee �`'':��r�`,_.�
<br /> tar benefft ot Lvncier onty,to be ap�lled to the sume eecured by the 8ecurfty Inatrument; (b)Londer shail be ontftled to �"•���'� �
<br /> _ ' collect and recelve all of the rents of the PropoRy;Ancf(o)et�ch tent�nt o}Ihe Propetty shall�y all ront�due and unpa[d . ' ..
<br />= to Lender or Lender's agent on Londer's wrltten dernancl to the tenent. , ` '�:`.: ��'
<br />� <, eorrowar has not executed sny prior asslgnment of th�rents and hae not erxi wlll nat pertGrm any act that wauld � � �+��;;:':;';
<br /> prevent Lender Nom oxorclslny ka rlghta undet thla Peraprnph 16. � . , `.�:;;,-`
<br />- �° ' Lender shall not bo�equlred to enter upon,taka contrd of or malntalr+tho Wroperty beMro ar after giving notice of � ����'
<br /> �.:;. „
<br /> breach 4o Borrrnver.Howaver,Lender or e�udlcla(ly appc�lnted receivnr mav do eo at env tI�A there Is a breach.Any " :.;�;;,,_
<br /> _--= ---= =-- appiic�uon or rerrcg snan nnt cure or waNe any deteult or invAtbete nny olher�IqM ar remedy of Lender.Thls '�--- `;:t; .�-
<br />� � � asafgnment of rente o!the Property shall terminate when th�do�t�CUr�cl by thu&ecurRy Instrument is pald In fuil. �TN�.'i:-�
<br /> FHA�lEBRI18KA OEED OF T8U8T �; ''��'�:.
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<br /> 1 ISC/FMDTNE//0691/(fr9S)-L PAQE 3 OF 4 �
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