|
. . �
<br /> ` ' ;r " 4 . . � ' o _ _ . ' F . • .i f ._ �° _
<br /> � ' u'J ' .R: ,r . . ' e `� r�, �� . _ f � SU"
<br /> T
<br /> . . � �Y-`
<br /> :.� ' n /iU cr pari of the RcyertY� os a benetctal IMares4 in a trust otvalnfl nU or pt�tt3 01 the PropErty. is sa'd or
<br /> 3
<br /> othenxtse transt�d iotha than by dsrtse ar desecn!)by the Bartower,end ��`-
<br /> as�-�-
<br /> �u)fie Rrope�tY ts noE acwP�ed ml/t�e purchaser ar grantee as hia or her prinefFnl resldence,or the purst►sser a =_
<br /> grantee doe9 so oc�atpy the Properly. Qu' his ar Aer exedit has not Dean approved In accarQ3nc3 w:'•t� tha �"'"
<br /> �e�ulrem5ssts of the Ser�tarY• �";
<br /> (C) tZ0 WL'ii�P. ii c�ms�n�s occur that woutA P�t LenQer to �e4l+fre imme�ua p�ym�nt tn fu➢. but Le�ndar� �_
<br /> 4�
<br /> do_s not requfro sueh paymerts. Lend�daes not watve fts rtghts wfih rzspeet to aabsequent evaRts. S �`
<br />� (t�D lQf?�6118ti6si3 �? HUD St1��Ohry. In rtunY cse�mstances reg�tatlana issued by the Serretarl► +ni`.tf I:� f�_'
<br /> ,. Lettdefs rtghts. N lhe casa of payment de'�utts.to requka Immsd4ata Payment (n NU and toredase Et not pa:zi.Tha � �_:_-
<br /> t*;;�-
<br /> 3eaarl�y(nsUurrtent dae9 not authortte accelera8on or ture�osure H no3 permitted bY regu�aons oT tf�e Secre�aty. � �,;•
<br /> �_.
<br /> (Oj M0Ulg��s [t��3 179�UP64l. Borrawer a�ers that should 4his SeeurSy tnstrum�nt and the Wots secur�d tlf�Y �a_._
<br /> not he e:�lo tor insurance uader the Na�onal Housing Aet wftlln 9D dRV9 irom ths date h�l. --
<br /> Lender mey.at fW opttan and notwitP�stendmg argM�ng in Para�aAh S, require �mmediate paymem� NB of a9 s:ims �
<br /> 9��
<br /> secured 6y this Sacurity tastrument A vrtttten statement ot eny e�thedzed agent of the Secretary dated s�+b�--'c�+u�t �
<br /> �'
<br /> �g��Y� tmm Ne date hereot. dedhdng to insure tAla Seeurfly tnstrumcmt and the Maia ses.wr�
<br /> thertbY, s�a9 be deaned conctusNe Rroot of such tne8g)bil�y. M1lotwithstandiri9 the toregotng. NIs aption �sY �o!ha e---
<br /> ex�rc(sed by Lender whQn the unavattam(Ery of inswance� sotety�s to Lendere fas{ure to rernit a rtv�rtg3ga U�eaiaa R�
<br /> ,', ptemtum m the Secretary• __.
<br /> .. 10. 1��F1!�taRtBnt Barro�ver has a right to be rc(nstated B Le►du has reGu':red tmmediate Pay's�mt ir.+_Gdl ba�sara ot �_,�
<br /> . Barro�ve�s ts�trt9 to pay an emQUnt due cnder the Note or this Sewttty Inshume�i-'fhls Rght app� errc�r uft� fmt:�J�"� [ ,
<br /> praceedings aze Instituted. To rr�nstate the S e c u rf t f/ In t U u m e n t. Bo rt o w e r s h a M t e n d e r{n a i u m p sum aU u..s�+.+r2s ro��ce�ta
<br /> ` 6r�g Borrowd� a�wit curnent inc(uding. to the ext�►t they are obUgaUons of Bor�otivet under this 8e��rty Ir�sicsemt+nt.
<br /> forectosure ��s and r�sonabte and cusiomery attameys' tees end e�enses property esaodatc� tivt5� ths_fpm�dcrv.m�
<br /> � proceedfng.Upocc�?�estatement by Borrower.tflis SecurUY tnsbument end the obQgsttons that ft seeures sbs�e�.m2Yr in•c�1�t a� P�_
<br /> ff Lendet had na�s�q►sUed(m�nediafe FaYmen! in NU. However. Lend�Is net�ired to pertnft reinsEat�nt�: (�5,,lrsctir�r is'Q --
<br /> •� �.�q� ���; after the wmm�eeanent of torectosure proceedrtgs withtn twn Ye�rs � pT�B�
<br /> �-,msnc2ment ot a curtent��asure proces�nQ. (��elnstatemQnt wID pre�cde torednaure on�itter�nt�o�nd;ia ii[a fr+Yure.
<br /> . or(u"i)roinstatemmt wIIl adver�y aftect the pr�aAry at the Uen ueated by this Seauiry InaVumerrt. —
<br /> ' 11. Barrmwer Nat Rot'asod; Forbo�ranco By LAndor Nat a Walver.6danslon ot ths 4'�:Q d3&ayrnent or —
<br /> modiAeadan of emoAtraTJon of�:n sums secured by this Secvrity Instrument granted by Lender to ar�,r suce^�-����°�
<br /> • Bocrawar sheD not aperate to�se tha Uab�ty of the ortgina!Barower or Bwrowe►'e succeasor In(nterest t�c-d¢e[t%�'aot ba '
<br /> ' requtred to commenee Pro�'�ag�inst anY successor(n k►terest or retusa to esdend ttrne tor payment or otheovr�+•�sec�Y
<br />!:° �`` emottira8on o?ths sums see�'�ed hy 1hb Se�Y Ir�sUUment by reason ot any d�nend made by tho odgfn�f IImc+�� or -
<br /> , n,; � Bortawu's samrssaors In F�est.My tathaaranee by L�der in exenisng any dgM m remedy shall not be a w'a'��r af or __
<br /> r.�.,, �. preduda the�se ot anY Aght or remedY•
<br /> 12. S�eossore artd �sfgins �:n�: �: �ttd S�ral Uatalii�,$; �o-SlgnePS.7t�e cave*.a�s and
<br /> :°:.�,r'°� . �maMo ot this SecurHy I�r�ait shNf bInd and bane'Zi, aha suceessors and asstgrt���nQer�d 8orrower,sr.d�(�d:�the _
<br /> r,,;...���
<br /> prmristons af Para�ag�h eb.�'iR�38�6 COY@7181d8 811d B�BZRIet{t9 Sh811 b8 IO$11 8ild 5�N8��Y�R�� �Q Q���� —
<br /> • '� � . Se�uriry fnstrument but does not execute the Note: (a)(s cosl�l�g thts Securlty Ins4urrt��:y"z r.tisut�sa�� gant
<br /> � that Borrawds�terest in the Property�ths t�ms of thia Secwft5►In�Uumer� N1�'���r,�'•�''�!'7�•'�trHgated to pay the
<br /> sums aecured by this Security tnstrume� and(e) a�ees that Lender end arry ather Ea�..�ar m�y►a�ee to e�dtnd, ma6ty.
<br /> e
<br /> tahe�r or meke orry accommodaUons Mfrtb regard to the term�ot thhs Seeurity(nstrum�cr.thn Nate wSthwit tt►at Borrower's
<br /> , consent -
<br /> 13. NatlC�r MY noflce to Borrower prmilded for(n thts Secwitll Instrume�nt shsA be yNen by de�+rer(ng ft a by rn�ng tt
<br /> . by���t tat,��ss appltcapte{aw requirns use of another method.Trg noflce shaA bo d:reaed to tho�ropertY Ad�ras9 ar
<br /> any other ed�x�3�rrow�destQnatet�by noUce to Lender.My notkv Ua�tdtx sha➢ba given by first dess rt�F to Lendo�s
<br /> address sfated ilereh a.epy address Lsnder desiynates.fsY aottce to Baraww. MY natice Drovided tw tn this�:�a�iry
<br /> lnsVumerit sha9 be deemed ti�P,+�Ne been ptven to Borrow��oT 7,ender when gNen as provlded Tn th�pare�aph. :. .
<br /> . � 14. �ov�mE�� L,r�r SOVO�Ab11i3�fils Sac�nfh fnstrumert4 ahM ba poremed bY Foderal faw and!he law oi the
<br /> Jufudicdon tn.whtch tho PropeRy is tac�ted• In the euent tt�at any provisSan w efause of t819 Securtty:'�snent or the Noto
<br /> ' • comycts wptt�a9Plcabts Iaw,suc9�conPJcl shaA not aftect ather provistons of thls Security tnstnim�nt or�.`�n Nots whlcb qn bs
<br /> :�• °�• , � � gNen ef(eot Without the contRctUig provtslon. To this end the provisions of 4his Secut(ty Instrument end the Note ae dectved to
<br /> �:,• . be se�erable. • -
<br /> 15. Bor�awar's Copy. Bortower sha8 be gtven one eontartned copy of thi�Security(nstrument _
<br /> � 18.A..ruti�t�enY of Rento. Barower uncondNona9y as,ign�und tren�fers to Lender aH the renta an4 re+renuea of 4he
<br /> property. Baac�cr a�Mo►izes Lender or lcndere agente to coUecl the raM�and revenues and heteby d(tec�ts eech tenAnt ot the .
<br /> � .Property to paj�the�ents to Lender or lender'a agmto• Hawever.Prtor°�.►t�der's noUce to Bortawer ot Bortmr�er's bre�ch.of
<br /> eny coveMnt or agnwnent In ths Secu�ftyr fnsGUmant,8a:�ow�shaD coJe�t and receive oll rents and mua►u ment u�d nt an
<br /> ' as truatee tor the benakt of I.ender end f3�rrower. TPia ass;�tne�t o4 rents constiMes an abaoWte asaign
<br /> '. essignment tar mi6Uona1 aecurfry onty. ,
<br /> � �' If Le.�dEC�ms noUee of breach to GYsr�x�es: (a�eA renta receNed�ru 3ocrower ehAA be hdd b�Ga:rower $a�^J:3a tor
<br /> � benefit of Lerrdltx onty,to be a��ted t��+,a��r.�s se��red Dy the Secu�'J�r.strumenr (b)I.ender oha8���:�"ed Oo a:��x[and
<br /> _.. �xi�re aN M xlte rents at tP�e i�a�1r�'�(ti)�-'�'�:���nt oi the Property shnfl p�aD renta duo end unpa[d to G,rssder or
<br /> tin_;11ePs agent on Lendar's�r�6err.�r,d:�the tena:L
<br /> ' . Bacravar,e P�nol executcd uny pdar�3nmerrt o11ha rents and hrs r.ot end w�not pertorm eny ect that wouW provent .
<br /> lender ihom u�r:�.'cla[ng fts dghts unaer tht9 Aara�ayh 18.
<br /> ' Len�r r�h�.7 noi bo requlred to enter upon,take conVol ot ot mtilntaV:�e Ptoperty before or efter gNing nottce ot breact►to
<br /> � Borrower. Hawever. Lender or a judlcially appofnted receiver may do so at any time there ta a breach.Any eppHca'8on oi rents
<br /> ` shaA not cure or waNe any detault er Invalidate any other dght or remedy of Lendcr. Thfs assl�ment o1 rents of ti.n Frop�ty
<br /> . shefl terminate when the debt cecured 6y the Security instrument ts pald in tu�.
<br /> h�
<br /> � 1T. F�raclosure R�ozedur�. M Lender requlrea tmmadlate paynnent In fuil under Paragraph fl,
<br /> Lender may invotu the pawer M eate artd any 04�i3P PQi�1O41IQS port�ifted by appltcahle Oaw.
<br /> LAndor shall bo afltitlad to cattoct di oxpansss Incurred In pureving the romed➢as pravldod (n
<br /> � tf,is paragr�ph 17. tncluding, bu�4 na! Itmlied to, reasonabio ettomeyo' toes artm4 coais ot tttle
<br /> evideroce.
<br /> " �' F5813.LM0(5/95) Pngo 3 of 4
<br /> . 96038
<br /> . .. • . . .. �: • • • ' . • . ' ' „ . . '. ,,
<br /> . . .. . . , . . • . , . - . . . . ' . • .. ._ . . .. '. . . , . '; . ... . _ .
<br />
|