|
,�'--- ._ ,vm--t.c.:--s; .r= ._. ._-_ -. . _
<br /> _�_T� .�..-..��.�� , �`E; ' ' _t�:;c,.��i'.tsC�.�:� ,r`�� ..- ._ _'— .'_ . . _'_'— _""'` f '_ _. '_((.`ri_�"-=} --
<br /> (.
<br /> �_.� _ _ _. . . .. . �'4 ot ' _ . . .. : 4! . , . . - _ -�- � . _ :�4-'_.
<br /> : � � ' �. .- ._ . - - " - - . . .g.°- _ , i . .
<br /> _.;� � -' . `r • .j. . _ <' ` �R'... ' ` , � . . , . .� --�� -
<br /> �
<br /> . � . � . _
<br /> -�— . .. . . . .
<br /> .—_ .� _ ._ ..� . . . . . , . . ,
<br /> --�i-�-�--"��� - - ---- . .._ ._ .- � -' --- - -- .. . - -- --- - � --- - --. • - • . -
<br /> _ , � c __ , =--t-� . . � , . _ _ .
<br /> � .�� � - � � � . g2�
<br /> � � . ia1378 : .
<br /> -- payment�,which m nfuttd to in Paragaph 2,oc change the aawwt uf such payments. Any e�cess pmoee�over an -
<br /> - -- = amount�9uircd to pay alt outstandinB inde6ted�xss ander the Nae and this Securit}instrument shaA be paid to the emity
<br /> -----------��= t��uy��am�o. = � � �
<br /> �-�'��- 8.Fees.L.eaa�r may rntleci fees ana ci�sgesawnori�sa tsy tt,e seaeta�y. __--
<br /> - .�`�'� , !Groadd+[oe Aael�atioo dOebt. — _- --
<br /> _=——�-"�-::";:� ��}flefaolt. Lxnder may,except as licnited•by regutatiot�s issued by the Secceta�t in the case�of payment defaWts, --_— __ �_
<br /> '��� require immediatep�y►ment w fuU of aq sums secvred by this Security Insmurxnt ifr this Securi In�m
<br /> ••�:�,r=--� t�}Bo�mwer defauks 6y faTng co pay in full any monthtY PaY��t��hY ;Y P� ' _
<br /> -�_ �'•. • to oron t6e due date of tt�e ncac monthiy paymen�or ;��
<br /> ,�:�:;��� � (n1 BoROwa defaults by failing.far a periad of thirty days.to perfortn any athec abligacions contained ia tbis __ _
<br />_ - �;.,.•; ' Securiry Insut�ent � "''�-----
<br /> .. ' *� (p}S�ie�Vft6oat Credit Approvat. Lender shatl.if pamitted by applicabte law and with the pciot appmval of tde ��`���-_�-
<br /> _- �y.�4�i�a�iue paYme°t in futl of ail the sums secured by this Security fnswment�f: . � —
<br /> � '"��� (i)AA ar part of tl�e Propeny.or a 6enefuiai intecest m a uust owrting'atl or part of the Pmperty.is sotd a �J`__:---- --
<br />� ;�'...:. �"- �
<br /> otherwise t�nsfernd(other than by devise or descentl by ttie Botrower,and ����
<br /> _� `_ � (ii3'tlie Prapertg is not occupied by the pu�tiaser ar grantee as his or her principal residence.or the purcbaser
<br /> . �` but his or her credit t�as not 6een appcnved in 3ccordance �t��c3�
<br /> --- '�=-'r .+.�'�`- _ . or g�antee daes so occupY � �P�Y
<br /> ^=; with the requu+ea�ecits of the Se�xetaiY- - - - �������`_''-
<br /> . t���;="�.�-�;, .:.� (c)No Waivtr. [f circumstances occur that would permit Lender to require immediatt payment in full.but Lender. ` , _�_
<br /> _�.-s�'�:-�-•::�; ' does not nqain sach payments.Lender does not waive iu righu with respect ta subsequent events. - =,�_
<br /> • • °,?�-�=,=,�%-�;:'�.r. '. (d)gegt�t�ti�of HUD Seccetary. In many circumstances cegulations issued by the Secretary wili limit Lecuter's' � '���."_
<br /> F�,_:. .- . .- <- ri ts. m the case of deiaul[s.to immediate ent in full and foreclose if aot paid. This
<br />, :";�'-,`�_,'+�,�aE?i,��� g1� � payment �#� ���ot pe�mitted 6y tegutations of the Sec[eta*y. >.- r.�••�
<br /> g�
<br /> = :��. . Security IasEivmrnt dces not autflori�x acceterauon or foreclosute . __
<br /> �`''`'Y'`;�=`�-" `` tey Maart�NoR Insared. Botcower that should this Security InsCnunent aml the note secured tl�eceby twt _- .
<br /> � ,. � _ �s -
<br />� `�;�`'�`�'"`r� ' ' ' '�be eligible for ins�under the National Harsmg Act within 8 11foDth3 frII°1� - '
<br /> � .��r'�`._t�-. �<_ . . ,� . �=
<br />_ � _ -;:::;-; .' � - ' datehenrof,I.endes��....at its option and notarth�and'mS�Y�P�n�Ph 9.raluire immediate payment in
<br /> . � . � ���'=� '� full of ail sams secu�r�d�y this Sec�ricy Insuument A wriiten statement of any-sutharized agent of the,Secretary ` -_J_
<br /> , .: � �, s a
<br /> �` •;�.. ` .•$ �nt� frnm the date hereof.declining to insu�e this Security , --�
<br /> • � .��,�.�; dateds�tbsequentco �'L=
<br /> ' . ---'' "�"` �� • - - Instruinent and the rtote secured theteby.shalt be cteemed eonetssive proof of such inelig�b�ity. Notwithstattdiag . -- - � °.� _.
<br /> • `''r `�„` the foregoing,this op�on may not be exercised by I.ender when the unavaitability of ins�uance is so2ely dae to � '�
<br /> �� •�'1�;`r:t�r'�/�:f,t� � , • : •:��•.:
<br /> ` . .'.•+,r,,`.;:.s�s;T; 'r.� . l.ender's fa�'Iure ta iemit a mortgage insuranc�piemium to the Secretary. ,-.::: �
<br /> "` `' • ' 10 Reiastatemen� Borrower has a right to 6e rcinstated if Lender has mquired imm e diate pa�r.uent in f a II 6�a use '��:.
<br /> , r.r,F'••.: ' �
<br /> � .•i`":`� �,�PP � '` .�' :'., _
<br /> •�.r;•�,.,. , of Bmrower?s failure to pay an amount due under the•Note or this Security Ir��trument. "[lus ri lies even after
<br /> foreciosure pcoceedings are mstituted. To reinstate t he Security lastrumen t. Borro w e r s h a ll t e n d e r•m a t u m p s u m a U T `.,.t,' �,"-�"H*
<br /> •;.�`41c';�. � . .
<br /> �Yi<'�`�•�` �- amounts reqaired to bring Barrotirer's accounE current including.to the extent they a�e obligations of Borrower undec this • ,`;;.:,.,,; . y'�;
<br /> . .. ��'„'''(;?;, , Security lnstrumen�foreclosu�ca�ts and reasonabie and customary attomeys'fees ar.�t ezpenses property associated with ;::•�5;�, `=�::
<br /> � `i�t., • the foc�ctosure pioceeding. Upon reinstatement by Borrower.this Security In.strumenr and the abl�ganons that it secures �' � ' ,� ���`';
<br /> - ` • shall remain in effece as if Lender had nat rec�uired immediate payment in full. However,Lender'ss ratreguired to Qemiit _ �
<br /> ' • reinstatement if (i>I.ender has accepted re�nstatement after the.commencement of forectosure�,racradings with�n two ;�i_f
<br /> � . ' yeazs immutiately pmceding the comme�reemeni of a current forecla�.�proceeding, Gi)�»�-�nt w�U precluAe . .� -y
<br /> • � faseclosure on different grounds in the future.or(iii)rcinstatement will�•zrsely affett the priority�,the lien created by , :>
<br /> �,``;;:°. .' . this Security lnst�ument. � �
<br /> .,..,: �
<br /> �� .'•�-�%,�%;':. 11. Borrower Not 8eteased: For6earance by l.ender Not a H�aiver. �v sion of the time of payment or , ,,
<br /> , . ;',',r:`' . ..; � '� modification of amortizatio:s of ihe sums secured by this Serurity Instrument granted by E.ender to any successor tr►interest
<br /> ��•''"' of Borrower s4�alt Rne operaie to refease the liabitity of tha orig�nai Borrou�er or Borrawer's Successn.in interest, Lender _
<br /> - ,.',.i.`�ir,�.�;�;.,�.'��: shall noE be reguusa to commence praceedings agam�t any succesxor in intere.t or refuse[a extend time for payment or 4 ,
<br /> '.�•a��!'��`� othenvise modify amortizauon of the sum.c secured by th�s Security In�trument by reason of any demand made by the , :-
<br /> . ``����';'!� , ariginal Borrawn oY Bolrc+w�r's successars in intere5t. Any fnrbearance by Lender in ezercising any right or remedy shall � , .�'�
<br /> ' • not 6e a waivee o far prec ts de t he exercise o f a n y r i g h l o r r a m e d y. '� °" -�
<br /> 1Z. Successars and Assi�,m.g Boupd;Joint and Se�eral I.iabitity;Co-Slp,ners. �e cavetsxits and agreer..�nss of . `:�;;=; , :'.; �;r
<br /> •.'� � ` this Securiry[�+tiumcnt shall bind and benefit the successo�and as�ign�ui l.ender and Barrower.s��;.c1 to the provuions ;;.�-
<br /> � of Parasraph 9.b. Borrowet's covenantr und ugreement.r'�zi! be joint and ticvcral. Any Bo:^.'ow�r who co-�igns thiw ` . , .`�`'��:,<<�
<br /> � Security Instrument but dces not rxccute the Notc: (a)is�-signing this 5ccurity In�trument only ta mortgage,grant and
<br /> ecv�vey that Hortowerw interest in the Praperly under the t.�s af this Security Tn�trumer.t:(b).is not per'sonaliy oh:cgated to (,' . �
<br /> � , � • �say the sums secured by this Sccurity latitrument:and(c,anree�that Lcndcr und any other Borrower may agree to extend. � .
<br /> sa
<br /> . , modify.forbeat or msilce any accammadntinnv with regard Io the certm ot'this 5ecuric} I�vrument or ihe Nate wiihout that . . ,
<br /> � . • Botrower's cansent. � � •
<br /> �. 13. l�ot�ces. Any natice to Borrawcr prnvided for in Ihis 5cc�ris}9ntiirument�hall tx giver.Esy delivering it ar by � . . . .
<br /> •� , ' - mailia� it�y fir�t cla�s mail untetis appticable law.requires u�e uf ano.her methad. 7'hc natice shaJi be directed ta the �. _
<br /> • � �praperty Addre�s ar uny ather addresv Narrowrr detiignatey by naeicc tn Lcrtdcr. ,�n3 n;��ice to Lender�hall be given by . • � .
<br />' � � first class muil to Lendcr c addtesti.tatai hercin ar any addre�s Lender de�ignate•C^�y nalice to Borrower. A:sy nolice �.
<br /> � provided for in this Security lnstrument�hall hc dermcd to havc lxen given t�Harrower ar Lender when given as provided �
<br /> - - � � m this parugruph. �
<br /> ' � 14. Caverning Law;5everabllity. "I'hi�5ecority Intitrument �hutl Ix:g��vemecl by Pederat iatv and thc taw oi ihe �
<br /> jupsdirt[on i�which Ihr Pruperly iy lucated. In thc evem that any pruvi�i�m��r cl.wse of thi�5eeucity Imtrument ar the ; .
<br /> Nnte conflicts with iipplirable law,sunc�unflict �hall not affect uthe�provi�ions nf thi�Security fns�rument or the Nate r .
<br /> whieh can he given etfect without the c��n�licting pro�i�iou. 'li�thi�cnci the provi�inny of this Security In.trument and the •
<br /> - � �� Vote sue declared ta bc sevcrs�ble. '
<br /> ' 1$, $ormwer's Copy. Hnrrower�hnll he givcn crnc canf��rmcd a�py��P thi�Seeurt}imtrumcnt.
<br /> ' 16. Assi�tnment ot Rrnts. H��troµ�crupconduw�iaily a.�i��if�and tran�fcrti ta l.cndet all thr rrm.und rev�mucs af the
<br /> � ' prnperty. Banowcr;�uthori�xs Lendcr or Lcndcr ti agcnty tu collcct�nr rrm�and re�cau�+and h�rchy dirccts cach tcnant csf . .
<br /> . the Propcny tu pay Ihc rcntx to l.cndcr c�r Lcndcr�s��;cnt.. Nowc��cr,pri��r ti�t.cncirr�noticc«�f3��ra�wcr oF(9orrE�wer; �
<br /> breach of any coven.mt ar agreement in thc Securiry!n>c:un:rnt.Hurroaer tihaill catler;:+nd receive:dl rcnt�and rrvenue.af
<br /> ' . . the f'roperty us Irustce f��r the benefit c�f l.ender and Korrox;r. 'i'hic ar�ignment uf r�nt���m.ti�utr.r,m ub�ututc a..�i�.nmenl ;
<br /> � • • and nnt.m u�signment fi►r additional�ccuri►y�mty.
<br /> ' ' ' If Lender givc�nntice��f breuch t��Horro�vrr. �:+>a!t rent�received by t3nrr��wec�l�a11 be hcic!hy 13oru��vrr ati truster ,.
<br /> _ _.. ._..` ' .. fi�t benefit af lxnder nnly.to bc applicd te?the .um��ccerrd Ay tFc Scrurity lnurumcnr, in� Lcn��7�i�all hc cn�;UM1 co • _
<br /> . - �' collert:u�d rc��eive all nf thc rcnts af the i'roperty:and(cl cxch tcnar.t ot thr t'r�,per. .hall pay u((rrnt�duc��nd unpaid ta . ,
<br /> . .. ' Len�er ar l.ender's•agent on I.cndcr ti written denr.ind tL t�:e tca:uit. . •
<br /> ' ��:.,:�`;: . Bariowet h�c not czccutc�.u�y priar assitnmcr.�o;thc rcnt. ar,d tra�not :L,�t uitl nnt prrfimn.wy act Ihat w�,uld
<br /> `•' � � � prevent Lcader from cxerrising itti rights uttder�hi�r�rag::ah t6.
<br /> ''..�::`•: ';;:� l.endet shall nut bc reyuired to entcr upon.�ike conuol oi or s.c,:ntain the 1'���pc�y txfvr�ur:d"ter giving natice uf .
<br /> , breach to gorruwcr. Nnwevet.Lcnder nr�,�udicially:�ppainted rec�icer may do s��:n any Iime Ihere i.:�Mrcach. Any
<br /> . , .,..
<br /> . ';;
<br /> :. ' ' �,. " ' �.... a lic:uion uf r�nis shill nQt cure or wsrive an dcfau[t�,r ia�•atidate any athcr right��r rancd af Lender. '1'hi�.a��ignmrnt
<br /> , . .._� _.��tT"�=y••—r-.�..�- FD- - _ — _
<br /> - = --�---
<br /> x �
<br /> . . ., . , - - of renfs af tfie Property sttatt�crmia�tc when tfic drbf s�s�f i+y tin Scti-etrity I�Wirtati��}t is�SaK�iw€n � -. - _ -- ------�----- --
<br /> , � ,. � ��
<br /> , :..
<br /> � - -'= -=-- — - — — - —---- �P��c,/�l;rruev�
<br /> . t -- — - --- --- _ - _ -
<br /> -. , - -- - - - - - - � - -- - — i
<br /> � i
<br />
|