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<br /> ' .�..-.c.--�- , _ ' ' --_
<br />�r � • •' � �� ���� � LOAN(�lO. 1 5 3 9 2 1 4 5 8 5 "�""'� �
<br /> .",;_�� - • RE-RECQ4�DED 9� ���� _'� ',_ _.. __ �d.-=
<br /> d?t�of the marrthfY PaYments,uvhtcP�ar8 t�ferred to In Par$g►aph 2,or ehange tt�s amottnt of such paymar�ts. Any _�.. .� -- - _
<br /> • ex�esa pr�ce2ds over an amouM requlred to pay a11 ouistanding Irsdebtednass under the Note and thls Sscuiity -.„� . . T.���;
<br /> �� Insirumern shaii be pald to the er�ty tegafly s r�f t ied thereto. - ' ..
<br /> 8.F�e�. Lsrxf�r may caltect fiess and chargss�u2horized byr tha Secret�ry. ' • . . -�
<br /> 9.Grcunds tor Accet�rati�n o1 DabL . �n ��
<br /> . . r` .
<br /> (aj Ost�ui4. Lertder may.except as Iimfts�by regulatto�s issuad by iha 3ecretary in the case of Raymerrt deiauits, " _ �
<br />` ,.; 1 require imrrterliate paymeM in full of s11 sums secured by this SecurJiy fnstittmert3 if. . � . "
<br /> _ :__� (�Barrawsr detaui'is by faUing to pay tn fufl arry manthiY paymetrY requtrEd by thls Securtty InstrumerEt pdor ,- . _- _.�"' ��,
<br /> . tc or an tP�e due date of tha ne�ft mo�thly paymertt,or � . . .
<br /> » '� (i�Borrowe�defa�is by faiitng,for a per�od of thirty days,to psrform any oiher obllgaYlons coc�tatned in thls ' • � , , �
<br /> --�: $ecu�tyle�strumer�2. - =- — �:
<br /> � (b)Sa(e t�Yiihout CredFt Qppraval. Lender sha11.if psrmitfed by applica6le!aw and with the prfor apprwal of th0 ,_, . t --
<br /> Sacresaryr,require immedtate p�yment in fu11 of all the sums secu�ed by this Security Insvumsnt fi a . .� �. , _
<br /> � •� (�A!I or part of the Property,or a beneftcial tr�teresi in a Uust ovming ail or part of the Property,is snld or � `.� . . : . .
<br /> oti�en+vise transterred(oiher tPran by devfse or descent)by the Borrawer,and " - ,:
<br /> (i�The Properiy is nai occupied by the purchaser ar grantee as hls or hsr princfpal resi�enc�,ar ths `�r� �J. �. �� 4__�; -
<br /> � purchaser or grantee daes so occupy the Property but his or her credit has not been approve¢8€n - -,--y:
<br /> � ac�ordance with ffi�requtremerrts of the Secre9�iy. ";� . . `f;�,.
<br /> � (�)No Waivr:r.If dreumstanc�ss cccur that vrauld parmittender to requira immediate paymerzi in ftdl,5ut Lender -, . � �-- .`��-.�.
<br /> . does n�t reqac3re such aayr�ce�l.e�f�r does not waive its dghts w'rth respect to sul��qu��s6nts. , ;�':`..:.:..-.-_ .
<br /> ;�.:-;.-:=-- --
<br /> �-�'s (fi ReQ��������'.�.���rany circumstances e�ulaUons issued by tha S2�a�ry w01 iimit LenslES's � .;;�,`;.;:,�y.�,...�.�
<br /> , �.�, ; N tn tha�o# s;�d��.�s.ta reqytre fra��t�dtats �neM in fuEl and foredose�not pal�.Tl��s Sacurf� �•,�-i1 r-�'�;':'.:`�`�-���:s=' =i��
<br /> 91tts� t�� P� ',v'�:` -�.
<br /> • Instrumeni does nai���^ �2 accefe�atton or faryc"asure ff not pemnftted by regula�ons of the Sea� r �:��' � �``t,� �'
<br /> � ���� (e)MoRgass Nat Inszmm�f.�arr�ar agrees tls«t s9rauld thls Securfiry InstnrmeM and the nate secar+ed thereby rtart : `"`� �` -, ,;ss � �' �`
<br /> :::,� �•,.'. .°;.
<br /> .�.� ..�..��_ �
<br /> . . be eliglWe for tnsuranr.e underthe��a!Housing Act within s o D A Y S from the date hereoF, -`;,9.:=;.r
<br /> Lender ma .at fts ap�an arxf n�ol�ndin fn tn Para h S,r ulre tmmediate�ymeM in futl of all ;'�,�;Y:�� �'�. �'�J`.., `;;,
<br /> _ sums securyed by th�s Security Ins�rw�z�t.A�n slatemeni o�y auth�orized agar�t of c?�a Secretary dated ,_. "`�ti _
<br /> �,rX'����:_�::.�.°___:-
<br /> sttio5equertt to 5 o Q A Y S ftom��e hereof,declinin to fnsure thts Secrtrity Instnamertt and the '�'i��'�- ___
<br /> 9 :.��;,.:-.
<br /> note seatred ihereby,shall be deemed candu���roof of such tneitgibAfry.fVatwithsianding the ic�ing.thts � ;;�;� ,�_ :
<br /> � opUon rera�+not be exerctsed by Lettder when the�navailabfifty af insurance is solefy e4ue to Lenc4er'�S'�to remit :.�. � ��•��:..:
<br /> ... a moRg2�a imsurance premtum to tha Secretary. ��
<br /> �,:
<br /> - 10.Reh�me� Borrower has a right to be eeins2ated if Lender has required imm2diate paymsrit tn ftdl becat:�� -.�����'!�
<br /> af Borrowee's�ure to pay an amaurR due underthe IVate or this Securit�/instrumerrt.Thts dght applies ever�aRer '� �,;��'
<br /> _ tas�l�:rs;,�ecmdLngs=��?�4ed.To r�instate the Security Instrumer�t,8orrower shafl tender In a lump s�un ail � � �_
<br /> amouriLs required to bring f��rawer's acxourR currerit tnctuding,to the exeerrt ti�ey are obitgations of Bcrrower under �� --���l� �°•
<br /> " th�s 3ecu►itY I�Prrerit.far�ectosure c�sts and�easonabte and customary auomeys'fees and e�enses propedy ��°�' ,;�t �:
<br /> . assoc(ated�r�a the forectwure proce�dl[s�Upon reinstatemern b}/Boaower.thls Securiiy lr�unseiR and the . .- ,:,�;j ,--
<br /> � obiigattons t�t ii seciu�es shall remain icc c�irsct as ff Lender had not required immediate pay�sn�,ai tn ftdl.However. ' '- , ="
<br /> � ' � Lender Is nat ulred to �rn{t reinstatemerit�:m Lendar has acq�te�reinstatemert afdetN}�cammar�cement of �`�' � • -
<br /> � foredosure pr�oceedings�in two yeats immediat�preceding thQ commencc�rrtent of a�:ai forectasure .'°,���.",�:!:: � , :
<br /> . proceedtng.(�reTnsiatemetttwlU prect�tdetorectos�aondifferemgroundsinthefutiur�ot :�leaSn�cc�sWritwiil :��;,�. �
<br /> � 8dvers�iy afEec:t 4he priorj}�of the 11en cx�ed 6y this Securicy Ins�trw.��t�t. __ .y . s ,� �'
<br /> •`! �'n4,l�:YH':.�,�_.�. .�i_...
<br /> 1 i.Borrower Not Reteased;Fori�a�nce by l.ender Not a V�� Exeenston of the L�ef paymern or � ..�
<br /> madfflcatlan af amortiz�tlon af the surtw sacured by thts Security InsrrumerR granted by Lese��r to any successor in '°N�� :- � ,�� - �,-..
<br /> tnterest oi Borrawer shali not oparate to rsteasa the Itabq af the o na!Burr�at or Bamawers successor tn tnteresS. �:;k: �
<br /> '.y,. � � Iflf ,-:". •.�,.y�:.t =-.::
<br />- - = L�td�t sha9!not be require�d to commence proceedings ag�inst any sutxessar�iR�r.�terest or tefuse to e�end ttme for ��.:...:,,-..:s.���. _
<br /> � payrtrent or otherwlse modiiy amortFration of the sums secured by this Se ,. G.��ntment by reason af a,.�y demartd �'��=�-�=�_,_
<br /> . made by the ottgtnal Botrower or Barra+�'.:�s successors tn trrterest My forbearance by i.end�r in exetci�r;g any rlg�ti .•�•.��� ;.:.,�.--=-.��.�.
<br /> or remedy shatl na�be a wahrer of or pned:�de ti�e exercise ot any r1gM or remedy. ��
<br /> 12 Succ�ssars and Assiyns B�u�;.4ofn!�nd Sdvaat LLbfifty;CaSigna�s. The c�dr��ants and agreemeMS c,� -
<br />� � thts Securlty instr�rnent stratl bind and benefR the successo�s and esstgns ot l.ender and 8omower.subject to the �.°1'�:w��.�' .
<br /> �t�frms�Paragr�ph 9 b.Barr�wer'e cavenants and agreemeMa shal!be jofr�t and several.Arry Borrowerwho ��;-�.,_-_
<br /> • a�ir�r�ss thf.�Sec�uf�r InsWmec�t but does not executa the Hote:(a)is co-slgning thts Securfry Instrumer�t a�(y to ,,� ��.�..
<br /> mor4gage�grs�t andcanvey that Bo�wer's tMerest in the Property under'the temns ot thts Security Instrume�;(b)Is �-�,�`�-.,::,-.
<br /> � �. ns4 persa�ait���btigated to pay the sums secured by this Securiry Instrumer►�ar�d(c)sgrees that Lender and arry atRer =-
<br /> Borrawer may agree to e�dend,medity.forbear or maice a�y accommodattans wfth regard to the terens af th(s Ss�u� ----- _ -
<br /> ., ` tnsUUment or the Nate without thai Banower's consent. ��1,R�' �
<br /> � 13.Notic�s. My noUce to Borrawer provtded tor in this Security Inscrument sh�Jl 6e�Nen by delNering it or by �-�•.�:��-�'.,.""'�'
<br />. maBing�by flrst dass m�0 urdess appitcab(e law requires use of anoth�7 method.The not�e shail be dire�ed to the �� •:��;;�: "
<br /> - Propetiy Address or arry other address B�rrower designates by noUce to Lender.My natice to Lender shall be givefe � � • -"
<br /> � � by ftrat dass maD to Lender's address stated hereln a arry ad.iress L�nder desi�ates by notice to Borro�wer.My neRSce ��`.`�__��._
<br /> prwtded for tn thls Securily lnstrumerit shafl be deemed to have been given to Borrav�er or Lensier whsn given es °*"�'�-"--
<br /> provlded in this paragr�ph ��-
<br /> � " 10.Gowmtny La�r,Ssverability. This Security InstrumeM shail be govemed by Fe�erellaw and the law of the �=f
<br /> � �� turisdictlon U whlch the Property Is lacated.In the event that arty rovisfon or clause of thts 3ecurity Instrumem or the w�—
<br /> � �Vote canflicts w�h appik�bis law.sucti cor9flict shall rmt afiect�er provisions of this Securiy Instrumern or the Plate -- -_-
<br /> which ean be gNBn eHect withotrt the ermfiicting proviston.To this�eed the pra�Aslona of th[�Weeudty Instrument and Ht+� „ J +
<br /> Note are declarad to be severaWe. ,,_ . �; .
<br /> ,� 15.Bo�t'+�w�'s Copy. Bottawer shatl be givan erte confomred ca�b af titit�Sec�rity Instrumetn. �-.,�.�' . ._"`��,�.
<br /> �. - 18.AssTgnmaM of Rent1. Borrawer uncondft�o�ally assi�s aRd u3��co Lender all the renis arrd revenues of �p`��`_� �'�`:� � � _
<br /> � �3 Rroperty.Borrower autho�zes Lender or Lender's agerns to caT�.,,ct the rents and revenues and hereby direc4s�ach •
<br /> . �"`�t tenant of the Propeity to pay the rerrts to Lender or Lender's aget��.Harwever,p1�Of t0 L2Rd8�S f104�CA YO BO1fOVd8i O� �� `
<br /> � Borrower's[�Qaach of arry crnenani or agreement tn the Security fa:atrumeM,8orrower shali cdtect and recehre eil rents ;�,,,;�,,t.��;�N _•::
<br /> � . and�evenues of the Praperty as trustee for the benefd of lender and Bor�ower.Thls asslgnmeni ef�errts constInttes an �.,�..;:�;..;.:-.,:
<br /> absdute asstgnmort and not an asslgnmerrt tor addiNonat security onty. .,
<br /> � lf Lender gives noilce o!breach to Borrawec(a)ail reMs recefved by Borrower sha11 be heid by Borrowar as trustee • -
<br /> . •� for benefit ag l.ender o ,to be appiied to the sums secured by the Security InStrumeM;(b)t er�der shall be entnted to � � ;�
<br /> n� t Ny . �
<br /> � cotiect and recetve all afthe rertts of the Property:and(c)eacfi ter�ant of the Property shaH pay ati rents due arwi unpafd � ,- -� � - � ��
<br /> � to Lender or Lender's agent on Lendefa wriuen demand to the tenant ����'°�''°��'°"��"�
<br /> Borrowe�has not executed any priar asstgnmenE of the rents and has not and wifl not pertorm any act tPiat would ' _ ' :
<br /> . preveM Lenderfrom exercising its�lghts urtderthts Paragraph 16. _.
<br /> Lender shafi nat be required to er�ter upon,take control of or mairttain the Property before or af�er gti'vi�g noYice of . • .. �,
<br /> , ___ 6reach to Borrawer_Howsver.Len�+er or a�udl�lalty appotnted►ecelver may do so at any tims titere Is a breaah.My _._� �_�__�.
<br /> appiic�tion of reMo shaH nat cure or wabe any defautt or invalldate any other right or remedy of Lender.This . !�
<br /> assl�pnme�rt of rerrts of the PropeRy shall terminate when the debt secured by the Sacurity Inshumem Is�ald(n full. I ,�. . —
<br /> ' fY�A NEfIAASItA oEED QF,TR��T4 . •: r• s/9s ..
<br /> _ ' ISC/FtADTNE//O6Q1A(&9f� .s•.• PAGE 3 OF 4 , ! � _. , . ' �,.�
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