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<br /> - �.,����:�� � 92_ 1U2i4� _- -
<br /> .������t �
<br /> t: paymente, which a►e referred to in Purngraph 2, or chunge the umuunt of such puymrnia. Any excetiti pnxeed�over un �:���--_=
<br /> � �t��:�fi ' " umouotrcquired tu pay all outxtwuiing indebtednesa under the Note nnd this Secu�ity Insiniment xhall he puid�o the emity �:�w�•n�
<br /> a,�:'��';��-,- le elly entiUedthereto. �e+�,�•-�=
<br /> ' ��� •"�"`�`'� � � S, Fees. Lender muy callec�fees und charRes uu�horized by the Secrcwry. �_
<br /> " �� •••_:�'� 9, arounds fo�AccelerAtlon o�Debt. °�—
<br /> ^ �'' � �. la)DefAUlt. Lender muy,earept us limited by regulatianti issurd by thr Sccretury in�he cu.e of payment defaults.
<br /> �z -';��-�• ��,' require immediate pAyment in full oP ull Fums secured by this Security In+trument il': �'�?'a'''�uW�
<br /> �F :'�'����"�' . (i)Bortuwcr defuulta by failing to ps�y in full uny monlhly payment rryuin:d by thiti Sccurity Inruumcnt prior
<br /> - ----°sa���- -••° to or on the Jue dnte of Ilx:ncxt munthly puyment,ar �� - --
<br /> ` �°'"� (ii)Bormwer defaulls by failing,fbr a perial af thiny duys,la pc�iarm ony othcr��t+liµ•rlions comuineJ in Ihix �°�`=�
<br /> �'°� ��' ..-t., . .� b . Securily Instrument.
<br /> �"y-:;__--
<br /> ° ' (b)Sole Without Credit Approv�l. Lender shnll,if permiltcd by upplicuhle luw und with th�prior upprovol uf�he _____.
<br />..".f '� � 3ecr�etary,reyuire fmmediate payment in full of pll the xums ucur�d by this Securiry Instrumcnl �t:
<br /> y'.' (i) All or paR of the Property, or o beneficiul interest in a tru+t owning uU or pun uf thc PrapeAy, is xold ar ���� �
<br /> . ' othenvise trangferred(other�han by dcvixe or descent)by the Bonnwcr,und �z�_ _
<br /> ' • . (ii)The Property is not occupied by the purchu�e�or g�an�ee us his ar her principul resiJence,or�he purrhuxer �������
<br /> t" .� " ' or grantee does so occupy the Propeny but hix or her cr�dit hus nut t+een uppmved in uccordonce �,---
<br /> � - � with the requirements af the Secretary. _
<br /> (c)No WAiver. If circumstnnces occur that would permit l.ender����equire immediute puyment in full,but Lrnder --
<br /> dces not require such payments,Lenderdcec not woive its�ights with respect to gubseyuent evcntti. �'i"�
<br /> Id)Re�ulatians oP HUD Secretary. In rnany circumstuncez regulations is+ued by tha Sccretury will limit Lender ti E:�=�•-_
<br />;•: • �•t:� .�� • rights, in the case of puyment dcfaults. to reyuire immedialc payment in full und forecluxe if nat puid. This _—�---�
<br /> � • .. . Security Instrument daes not uuthorixe accelernhon or foreclosure if not permitted by regulations of the Secretary. � _
<br />; '-- - (e)Mortgage Nut Imured. BuROwer agmes that should thia Securiry Insttument:uiJ the notr secured thereby not -- _ ---
<br /> •� ° iz�, be eligible for insurunce under �he NAtionul Housing Act within 8 moAths from�he �!`� � -
<br /> . " dute hereof,Lender may,at i�ti option und notwithgtundin�anything in Paragruph 9,rcquirc immcdiuie puyment in
<br /> ':,�:=:
<br /> '� full of all sumy se��ured b this Security Instrument. A written stuteme�u of uny uu�hori�ed ugent nf thc Secretary �.:•�-•
<br /> • , �,y��`�' ' dated subsequent ta � months f'rom the dute hercof,declinin�C w in.rure Ihis Srcurity �'-�i"c�,-.,
<br /> ��, ' ' � , . Instrument and the nole xecured thereby,shull tx:deemed conclusive proof of such ineligibility. Notwiths�widing �''`�'�
<br /> • " the foregoing,this option muy no� bc excrci�ed by Lender whcn the unuvuilubility of in�urance is w►lely due to �'�-i`rs�;�� _
<br /> �� �'� • Lender's failure to remit a mongage mxurance prtmium to thr Secretary.
<br /> i � �,'"�•���� 10. Reinslatement. Borrawer hus u nght to be minxtat��d ii'Lender hus neyuimd immediutc payment in full bccuusc
<br /> • of Borrowar's failure lo pay en Amount due under the Note or Ihis Security Instrumenl. Thi� nFht upplies even after
<br /> , forec�osure proceedings are inti�ituted. 7ii reinstute the Security Imtrument. Borrower yhull tendrr in u lump+um ull �, :,,�,:�,,,�a
<br /> amounts reyuired ta bnng Borcawer'.s uccount rurmnt including, �o the ext�nt they ure abli�!utium of Burrower under thix =_
<br /> — - — Security Inxuumcm,forecivauee wtitc and reasonabl¢and:ustamary attarncy�'i'ccs and cxpc�m;c�properly as,ociated�ith -
<br /> the forcclosure proceeding. Upon reinslutement by Born�wcr,this Securiry Intitrument nnd the ohhgatiom that it securex �
<br /> shall r�mAin in effec�ns if Lender hud not�eyuired immediate puyment in full. However, Lcnd�r is not reyuircd tu�ermit f
<br /> reinstatement if: (i) Lender has accepted rem.rtn�emem after thc commenrem�nt uf f'oreclosure pr�eedings withm�wu
<br /> yeurs immediutely preceding the commencem�m ��f u current ti�rerlo.urr pr�keeding. (ii) rcinstatrment will precluJ� . ,
<br /> .. foreclosure on different Frounds in the fuwre,ar liii 1 reinxtulrmem will uJvenely affecl the priority ot'the lien created by i• �'
<br /> this Securiry Inxtniment. • � :.,a' ;
<br /> ' ll. Borrower Nat Relea4ed; Forbearunce bv l.endcr Not u Waiver. Extenyion ol' the timr of payment or j?'�.?�'.`:,%r+;� '+�
<br /> � � modification of amortization of thr xums securcd hy thiti Securiry Inxtrument grunted by Lender to any xuccessor in intere�t , �,�
<br /> - . � of Borrower shall not aperate to r►�Icuse thr liahility oi'the uriginal Borrower or Borrower's�ucce.sor in intercst. Lender ��i � _
<br /> • . . " shall not be requimd 10 commence prcxerdingx agumst any wccexuir in interc�t or refusc �o extend time 1'ur puyment ur f .
<br /> otherwiu: modify umortiziuian oi'the sum� .ecumd by thiti Securiry Imtrumen� hy re•rsun of uny demand mude by the ,±.•• �'
<br /> originul Borrower or Borrnwer's succe+son in intem,l. Any liirlxur�nrr My Lcndcr m exercisin�!any right or remedy tihall � ' � St'�
<br /> not be u wuiver of or precludc the excrci.e ol'•rny right or renxJy � ` "°_
<br /> 12. Successors und As.siAns Bound;Juint end 5everal l.iabilitv;Co•tiiRners. Thr covenunts und ugreementti of _____
<br /> this Security Inylrument tihull bind und beneG�Ihc.uccrs,or.imd us�i�.m ot'Lendcr and Bunower,xu6jecl w thc provisions � -.. ._� -
<br /> � of PamgrAph 9.b. Borrowcr's covenum, and ugmrmcni� tihull Ix j��inl unJ .�vrrul. Any Burrowcr who co-signs Ihis `-`�'�'�
<br /> • Security Instrument hut d�x�not rxrrwc[he Noic: (u)i.r��-�i�ning thi.Srcurity In�trumrnt only to mongagc.ga�nt und .
<br /> convcy thnt Bonower�iMerc�t in thc 1'raperty undcr thc lermx of'thi.Securiry In.lniment;IMI i.not personnlly ubhg�ted lo � ••
<br /> ' � pay �he sum,securcd by thi,Srruriry In+irumcnt:and(rl sigrrc, that Lendrr and any uthrr B��rruwrr muy agree to exlcnd,
<br /> modify,forixur ur muke any accommcxiaiinn.wnh rcgard to ihr trm�s of 1hi,Srcurily Imlrumenl i►r Ihe Note withi�ut that :.,. _____
<br /> Borrowcr:coment. _ _�. ---
<br /> 13. Notices. Any nalice lo liorrower provided tiir in Ihi� S�curily Im�rumrnt tihall Ix Eiven by delivering it or by � . ,�
<br /> .. . nwiling it by first cluy,muil unlexs applicable I•rw myuirc� u�e ol'anoth�r nu�h�xl. Thr no�ice shall he dirccteJ to thr �'' -
<br /> � . �,.�c._.
<br /> • � .• Property Addrew+or any i�thcr uJdnss Nonowrr Jrsignate, by nutirr tu LcnJcr. Anv nutirr tu Lcnder�hull tx given by
<br /> tint cl�+ss muil to Lendcr� aJdm,. �tu�rJ hcrcin ur uny udJres. Lrndcr�Ir.i�natr. hy nutice tu Borrowcr. Any� noticr •
<br /> � Qrovided for in thi�Sccurity Imtrumrnt shull he Jcemcd to hu��c hc�n�ivcn!u Kurrowrror l.cnd�r wh��n givcn a�pru��id�d �
<br /> - m this p�n�graph, �
<br /> � l4. Governin�G I.uw•;tier•crability. 'I'hi� Scrurity In,�rument �h:dl tx gu�cmrd h� I�rdcral law and thr law uf�he ,
<br /> juri�Jicti�m in w•hich thc 1'ruprrty i, kxalcd. In Ihc cvcn� Iha� nnp �ir����i.iun�,r clau�r at'�hi� Srrurity Imtrumcnl ur th� .
<br /> Notr rnntlirt� with :►pplicuMr lu«�. ,uch rontlict,hull noi ul lcrt nthcr pn»i,ium ut' thi, tierurity Imtrumrm o�Ihr Note
<br /> which run hc givcn rffrct withuul thr conflirling provi.iun. Ti, thi�rnd Ihr pruvi.inn.nf thi,Scruriry Instrum�nt u�k1 thr �
<br /> Nutc ure declan�d tu Ix,rvcrubl�. '
<br /> , � I5. Bnrruwer's Cop��. Burcow�r.h:�ll tk�icrn unc runlurnkd�•up} ��I thi�ticrurity In,trumcni.
<br /> l6. As.�i�nment uP Rents. Borr��ucr uncunJitian:dl� :�..ipn,;ind�ran.ler.���I cnJcr:�U ihr r�ni.and revrnue�of the •
<br /> • Pmpcny. Burruwer uuthuriie,Lrnder or l_rnJrr'ti a�:rnl.l��cullrri ihr rem�anJ rrrrnuc,unJ hrrehv dir.rt.cach trn:mt uf ,
<br /> the Pmpeny ai pay thc mnl.tu LaiJcr ur l.endrr; a�rnl�. H����r�rr. pnur iu l.rnJrr'.nuuce a, Borruwcr of Bnrru��rr'.
<br /> Mrc�ch uf any cavenant or a�;rccm�nt in ihc Srcuril� In,tnnn�nt. Norru����r.hall c��llert and rc�ei�r all rrnt�und rc�•rnur.o(
<br /> thr Pmpeny a.au,irr G�r Ihr Ixn�til�►f Lrndcr and N�nTrn�rr. I hi.a,.i�nment nf rcm+r�m.titu�e.an ab.i�hne a..i�!nmrnt
<br /> anJ nut un a++igmnrm ti�r:�dJit��x�ul,rrurit��only.
<br /> , If�l.enJcr gi�r,naurr ul'hrcurh to R�,rruwer. �al:dl r�nl� ��rei�rJ h) li�ttru���r�hall hc hild hy Bnrci»arr a.Iro+t�r
<br /> - -�. �.. ..�:..., .w.. ..��. .�... �... �_ .�., � _.�.. .w..�� k. :.i...� ...
<br /> —' .. . IUf [KIICIII ul i..clnicP aiu��.Qi: .r� uj.F.uw ::: .u. '..i::i'.'-::.::. •:.u. ...::::': u�'.:i:::�'�:': .... a."w.: w...�. �.°.:...... ... _-.
<br /> cullect unJ mrri�•e ull uf thi mnt���f thr Pro�xrt�:and 1►I r:�cli�trnant ol�he 1'rup.m•�+hall p.�� :dl�rrnt,due;mJ unpuiJ ta
<br /> Len�kr ur LcnJcr:a�;cnt un L�nJrr:w•riurn�krnand lu Ihc trnam.
<br /> Bormwer hu. nol executeJ any priar u,.ignmrnl ��I thc rrnt+ :�nd h:�.n„t ;ad �<ill nw prrl�mn :u►�• arl that wuuld
<br /> pmvent l.cndcr 1'rom exrnitiin�it�ri�ht�unJrr t hi+P•iru�:ra��h It..
<br /> LrnJ�r.hall not tx nyuirrd iu rn�cr u�w�n.�ahr roiurul ut ur m;unlam�hr Ihu�xn� Ixti�rr ur;Ntrr�;icing nu�irr uf
<br /> brcuch tu Burruwrr. Iluw�vcr.Lrndrr or a juJicially appuml�J rccrn�r m.ic Ju,�� at :m� umr thcr� i. a hrrach. Am
<br /> appliculiun ul�mnt�,hull nut rurc u� ���ai��r an)•Jrlault or im:ih.lalr:�m uthrr n�:ht ur reinr.l���f l.rndrr. fhi�a+.ignmrtit
<br /> oi rcnte of thc Pmp�rly+halt tcrminatc wh�n thr dcbt xcur�J hy thc tircuril� h�.trumrnl i�pa�J in full.
<br /> i!►�w•+,���l��n�,�
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