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<br /> (I) 1111 or pHrl of itio Pm�o�sy, or � henc4lel�l Intcrest In o truot awnlnp nll or psrl oi iho Pro��crty, la coid or ��
<br /> olhenriso tvmnnto�rcti(nthrr ihnn b���ir.vlao or d:i�ccni) by Iho Borro�vor,ond
<br /> (II) Tha Pr��k�erry I:. nnt or,euptcd by tha purchaar.r or qrnntco na his or her �iincipal resldcnco, ar tho purchnaer �r
<br /> pmntae doz�9 aa oaaupy iha Prapn+ry, bu1 hlo or her credit hn� not becn c�pprovc�d In nccordaneo wilh tho �
<br /> '' roquirc+nneiSu G}lhi,�OCiC2:iRf. � ,
<br /> �� (C) NO WYIVOt. II c'lcumy4a�ce� occur tliat would perrnH Loncltr ta requlro Immodieto paymani In tull, but Lender � �`
<br /> � daes nat roqulra nuoh p�ym«�ta, Lender doee nat welve Ilo dphte wlth respect to subooquent nvonto. 6,,__
<br /> . 4 � �,_-
<br /> (d� Ra�UIlltEfJlTt1 af a�IJ9.� 3iCY01�ry. in meny cireum�tencea reputatlone lasuod by tho SeGretery wfli Ilmil ►
<br /> ._;y,;� Levtder'o dphta, In th� cas� oi pFyment defouRe,to require imroedlate paymc�ri in full and torccloso II n�t �ald. This � ;�,.'
<br />;,;�b��� 9ecurry Inatrumnnt does nat suthnrize aaaeteratlon or forecloauro II not permiKed by reputatlone o1 the Secrotary. -� �;�,_
<br /> t�_-
<br /> ` � :_'� (�) Martge�+s Nat 1►lnurs�A. Qorrmrv:a agrees thAt ohould thls Socudry InstrumoM end the Noto a�curad thmeby �'j �.,,;,,
<br /> not be eufllbl� tnr Inaumna+a undcn thu Nalianal Housing Act withln 90 daVa frnm 1hR dsta horaof, .�zr
<br /> �4� Lender may, Qt Its optitm end nntw;tt�eta�t�'si� enythinp In pr�raQreph 8, requlre ImmadlAte payment In WII of nll sums �°
<br /> secured by lhl� 3ocurlty Inntrumnnt, A�vritton etatemeni of any nuthorizad aflant oi 4hq Secretary dated subsequont ���::-_.
<br />. .�'� R'�.�
<br /> t0 9Q t�8x8 fr�m thA dhtt� horeol, doclining to insure thls Secudty Instrument end the N01@ 68CUfQd `�
<br />'`���' thereby, ehell b� dnamad canafur.tve Qino1 01 auch lnel�glbiiity. Notwithatandlnp the tore9oin4, ihis optio� may nol bo ___
<br /> :F,.t .
<br />__,�:... exeralso�by LendcK whnn thn unavalahlitty of Inauranca Is solaly due to Londor'e foilurQ to remll e mortgage I�isumnoe -^
<br />-;:�� prc�mlum to thn BncrMtuy. �_
<br />`?:-:�`� 10. RelqAtit3mRnt Oorrnwex has e dght to be relnatetod 11 Lundar ha8 requlrod Immadiete payment In htll bocnuna ot _
<br /> -"'""�� Bonower's talharo to pe�y en amnunt due under the Nole or this Security Inatrument. This rlght applles even after toraclosuro
<br /> - -_—� proceedinga ero Inntitutnd. To rotnstnte ihe 5ecudty Instrument, Borrower shnll tender in e lump sum all nmounta requfred to
<br />�_�ar� bdnfl BorrowQr's eennurit curent incfud�nQ, to tho a�stent they ere obllgaUons of Borrowor under lhls Secudty Instrumont,
<br /> � �� foreclosuro costfl and masan�bfo and custnmary attomoys' tees and expenses proparly asaoclstnd with the forecl�sure
<br />,5;�i� pro��edinp. Upon ro4nr.tntasnnnt by Harrower, lhis SecuKry Instrument and the obligaUano thnt it secures sha11 remaln in eNect as —
<br /> "� if lender hnd nat rnqui:od immnd6�L.o paymenl In full. However, Landnr is not requlred to pertn(t reln�tatement It: (q Londnr hes
<br />--�,��
<br /> ----- accayted relnst�tamc+nt attnr Ufu commencement of foreclooure proceedings withln two yQnrs immedintely precod(ng the
<br />---_� commencomosit ot a aurrant toreclasure proceeding, (ii) relnstntement rYiA pn�clude torocloaure on diHerent grounds In tha tuture,
<br /> _ -= or(6i)relna�cQa�azt uvdl advsraely aNect ihe prioriry ot the Iten created by 4h1s Security lnstrument. _
<br />- .'�� 11. Borr��r N�t Ra,&nased; Forbearpnce By Lender I�9o! �a Waie��r. Fxtenaton of the time ot�nyment or
<br /> '� modfcatian of amartization of t�H sumo secured by thls Securfty Instrument grantod hy Lender to any euccessor fn Intnroat of
<br />_-=.�••�s Borrowor shall not operate to reiar�se tho Ilabfl'dy ot the odginal Borrower or BoROwer's successor In Interest. Le�►►der sheH not be -
<br /> -_ requirod to commt�nce proceedings sgainst cn�� successor tn Interest or r9tuse to extend time for payment or otherwlse modity
<br /> -- amortitatian of Uid suma eeoured by this :ocurity Instrument by reason ot any detnand mado by tt�e odginal 8orrowe+r or
<br />_—__�� BOROWBI�B SUCCf£b'�JJE in interest. My toruearance by Lelttier in n7teii,iS�i�y ai�ji ,i$�it �i ���'� 3�28� !!41 �B a yrnlyw ot or
<br />'='*a�� prsc!uda tho exercise ut any i�c�ht or remedy.
<br /> ---= 92. S�ac��s�oro a�n�l Oa�19na Baund; Joia�� �nd Seve►al Uabiltfy; Co-Sipnora. The covenante and
<br /> ---= agroament:�of lhl.6ecuiity insY�ument shall bind und beneHt the successo►s end esaigris of Lender and Bortower,nubJect to the
<br /> provislonn ot AamQrWph 9.b. Bortnwer's covenants end agreements shaN bo jolnt and several. 6tny Botruwer who co•sig�ts thls
<br /> Securlry Infltrummt•�+ut does not execute the Note� (a) Is co•signing thls Security Inst►ument only to mortgege, grant and eonvcry
<br /> the�t Bnrrawnr's drdurest In the Property under the toims uf thto Secudty Instrument; (b) is not personely obliynted to pay tho
<br /> 6UtYt9 BflGUIHd hy tIIIS Security InsUument; and (o) agrees that Lendor and any other Barrower may sgree to oxtend, modHy,
<br /> - tarbozr ar meka eny accommodationa with regnrd to the terma ot thls Secudty Instrument or the Nole wkhout thet Botrowor'a
<br /> --� conrent�
<br /> - 1�. Notias.My notice to Borrower y�rovlded tor In this Sacuriry Instrument shali be ghren by deYv¢rinp It or by maiNng it
<br /> � by Brnt dass maA unlesa appliceble law requlrea use ot another method.The Rotice shall bo directed to the Property Address or
<br /> any othor address Borrower designates by noUce to Lender.Any notice to Lenda shell ba given by flrst class maN ta Lender's
<br /> au�drass stated hereln or any addros� Lender desfgnnt�s by notir,o to BoROwet. Any notice pravlded for in thls Secu�ity _
<br /> lnFtrumtix�Z shen be deemea to nave neen grve�i co norrower or�enaer wnen yWen es peovided In thia pamgrnpn. -
<br /> --� ��q„ �u,ew;,�r�3�� L.GtJ; S9vCCE�!l6ty. Thla SecuHty Instrument shnll be govemed by Federel fnw and the law of tho
<br /> �:u!sdictlon in w7�ich 'tho Properly Is located. In the event that any provision or clause oi this Security Inatrumnnt or 4he Note
<br /> �-� r,orrfl'.ct� with nppHcabte law, .vcfi conAtct shall not aftect othor provislons o}this 3ecudty Inatrument or tho Note which can bo
<br /> �ivnn ettect without the con4k�ing provislon. To this end the provislons of this Security Inatrument and the Note aro declnred to
<br /> be severeble.
<br /> 1S. Bo�POwsr's Copy. Bortower ShnA'ae glven one contortnod copy uf thia 3ecurity Instrument.
<br /> 16. As81�111tt9nt of ROnte. Bortower uncondillonally esslgns end transfers to Lender all the rentu and revenues of the
<br /> _ P:r:pNty. Bartower authoriz�s Lender or Lender's sgente to coliect the rents and revanues and hereby dlrecta ench tenant o}the
<br /> - Praperty tn pay the rents to l.cr.der or Lendor's agents.Flowever, ptior to Lendor's notice to BoROwor of Bortower's brescf� of
<br /> • any covenant or agreAtnent In the Sacurfry Insttument, Borrower shnll ootlect and recehre sil rents and revenuos ot the Fropotty
<br /> -�— as Vustee tor the boneflt of Lender and Borrowc�. Thls ussignment of rents constftutos an �bsolute assiflnment and not en
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