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<br /> _. � w�a�f��YYw 1'_ "._�.._ „_,.. ..,..i ,..�-r�+�w��► _'--- -_- -_ . cl�_.--
<br /> ; t .,:�� - ,.. � . 92— �u;��,e�1 —
<br /> . ,id'f'r...�a[�,�:.:,r ,
<br /> � .s,,;.".�.,�.,,�.;,.. puymenu�. which arc �afcrred ta in Parogr+�ph 2,��r chwngc thc um��unt nf�uch puymcm+. Any exccrw pr�xccdx ovcr un
<br /> ��' .;::��.�.. amount required to poy all outstunding indebtednesti under Ihc Nate und�hiti ScK:urity In+�rumcnt rhull he poid lo Ihe eMily
<br /> ' � � � legelly entitkd thereta. _
<br /> � ' S. Fees. I.ender may collect fces and chargcs au�borixed by the Scc�etury.
<br /> ' � � ' 9.(;rounds for Acceferatlon o�pebt. �-
<br /> � �� ' IA)De�pull. Lender may,except ag limited by regulutianti ix�ued by�he Secrelury in the ru�e of pnyment d�rf�ulta,
<br /> . ...;. . •
<br /> ' require immediate pnyment in full of all sums secured by thig Securily Ins�n�ment if:
<br /> . �. . ... .
<br /> - � �,_--- .- -: - - - (il darrower defuuft»by failiag lu puy in fuU.u�y munthly payment rcyuind by thiw Srcurity Insnurmm p or �� -� .
<br /> �o or nn Ihe duc dote of thc next monlhly paymenl,ur
<br /> � lii)RoROwer dcfnults by fuiling,far a penod of th�ny duyg,to perfurm any othcr obliga�ionx conlained in�his
<br /> .,�x ' • Securiry Instrument. —
<br /> � Ib)Salc Without Credit ApprovAl. Lender shull,if pertniltcd by Applicable luw und with the prinr++pproval of the __.
<br /> ' � 5ecretary,require immediatc paymant in full of ull�he sumx secured by thi,Security Ins�rument it:
<br /> ., . ' li)All ar part of the Propeny,or u hcneficial intercst in u trust owning ull ar ppn of the Property, is�sold or _
<br /> � . �•� �" otherwisc transfcrred lother thnn by devise or descenq by the�c►rrower,u�d �__ _._
<br /> (ii)The Propeny is not occupied by the purcha�er ar gruntee•rz hi.r ur her principnl rexidence,or the purchnher
<br /> or gn�ntee das sa occupy the Property but his or her credit hux nut lx�en npproved in uccordance
<br />`t;�� , with�he rcyuirements of the Secretary.
<br /> .�� �l��J �-r_.
<br /> ,,;;_ •' ,� (e)No Woiver. If cia:umstances accur that would permit l.ender to reyuire immediate puyment in full,but L.ender
<br /> �..'A:;:...,.s;., . ��;�' does not require tiuch Paymentti,Lender docs nM waivc i�s rightx with respcct ta suNsequent events. __�
<br /> , ,•.:,�-:.<::;;. ,,;;; --
<br /> :,,,.r,,;,,;,,,, ,,,, , Id)Reeulations otHUD Secretary. In many circumstnnces regulationx is�ued by the Secretary will limit Lender's �:
<br /> .Y:.� :;. y rights. in t he cnxe o f payment de fuu hs, to rey ui r e i m mcdinte payment in full und foreclose �f not aid. This _ -
<br /> ... , ,� ,,.,�_ ��'
<br /> ; ..,,`;;�s:'.,t;.:, Securiry Instrument dc�e�nr�t autharize accelernt�on or foreclocure if nnt pennitted by regulutians of the ecretsuy. `_ r_ �.______
<br /> , '�o.� ,�y,,1�,'� �' ' (el Mortgage Not Insu�ed. Horrower agrees thut xhould thix Security lnstrumcnt und the noie secured thereby not ��-.:_
<br /> ;, ,.,�„;��'�. �' ` '� � be eligifile for insurance under the N�tional Housing Act within 8 months from the '
<br /> '" date hereof. Lender muy,nt its option and notwith,�anding anylhing in P��uagruph 9,require immediate payment in �`=-�
<br /> � '� ,:,; �� �
<br /> �:,�:.ti;.�.:
<br /> '�:'�'�• •�'` full of all sumc secured by this Securn� Intitrument. A wriuen stutemem of any nuthorized agent of the Secretary ���.w=�==
<br /> ._ .. '��;,;�;�r
<br /> �:.',� dated subsequent to g months from the date hereof,declining ro insure this Securiry 3:�"�r
<br /> • ";.t;';.:" ��r���-
<br /> �.,.. Instrumem und the note secured thereby,shu11 be deemed conclusive proof of�uch ineligibility. Notwithstanding r.,.;;a;r
<br /> �_=iL:_
<br /> • �he foregoing,this uption muy not br exerciced by l�ender when the unuvuilability af insurance is solely due to ----
<br /> , �J...
<br /> � ` � � �� Lender's tailure w remit a monguge insurance prcmium to the S�crctary. ;,,.�,,�µ.-�� "'`°
<br /> • .,;,.,,;; . 10. Reinstaiement. Borrowe�ha�u nght to be rcinstated if Lender hus required immediate payment in full because
<br /> ,.;.�;:::':,;;,;'� � of Bartower� failure to pay an umount due undcr the•Note or this Securiry Instrument. This nght upplies cven aPter �s(��z��
<br /> ���•:i.�S%'.�:
<br /> i ��'+ foreclosure pro¢eedings are �n�ti�uted. To reinstute the Security Instrument, Borrnwer shail tender in a lump sum ull �;,�,:�.�
<br /> - ��•'��`--—'-° amountx�eyuurd io bnng Bnrcoweri u�:cuuui�u�izni including,io the extent the�sre obligations of B�rt'�W�r under this ��__�-__-
<br /> . Security In�trument.fureclosurc coslr and reuwnuble und cu,tomury anomeyti'fees unJ expense�properly a�socinted with ����Y,:._-----
<br /> the foreclo+ure pra:eeding. Upon neinstatcmcnt by Bortower.thix Sccuriry In,trumcnt und the obliguuons thut it necureti �:�a��__ ..
<br /> shall rem�in in effect u.� if Lender hud not reyuired immediutc puymrm in full. Howrvcr,l.enJcr i,not required�o�ermit �._.,{
<br /> reins�utemen� if: (il l.ender ha.uccepted reins�utement af�er�h� commencemem of foreclorure proceedings withm tw�� �`.;.��y�__
<br /> yearr imrnediulcly preredln� �hr rommenccmen� of u currcm li�rcclu,ure prcweeding, lii) rcin.�alement will preclude -r
<br /> foreclusure on Ji(fercnt�;rounds in the futurc.�K�iii)rein.�;urnkn�will advcr.rly ul'fec�thc priority of�hc licn rrtutcd hy �__.���—��
<br /> � �hix Securiiy Instrumem. "'`�
<br /> ..,e.w:�::
<br /> . 11. Borrowcr Nut Releatied; Forbearuncc bv I.ender Not u Walver. f:xten,ion of �he timc �M' paymem or . .
<br /> moclificution of umoniiuti��n ol�he.um. .rcured by�h�,tieruriiy In.irumen�E��+nteJ By Lrndrr to uny wccc+,ar in�nlere�t • ��'"°
<br /> • af Hormwer+hull n�x uprra�c ro relcaac thr li•rbili�y�►t'th�oriEinul F3urruw�r ur Borrower�+ucce�+or �n intrrc,t, LenJer , . t_-
<br /> � � �hull not tx�reyuimd to cnmm�nre priw�rJingti aEuin�t any wccc.+��r in intcre+t ur rcfu.e a�ex�enJ time ti�r puymem or ._
<br /> olherwixe m�xlify atnortirutiun of thr+um. �ecuRJ by ihi+ Scrurity In.trumen�by rca.on ut'uny JemunJ muJc by the "-'_
<br /> , originol Borrower or Born�wer'x succr+���r,in in�eR.t. Any Ibrlx�aranre b� Lrnder in exrrrixing uny right or rcmedy xhull _
<br /> not t►e a wuiver of or crlude the cxrrci.r i►f un ri�ht or rcmcJy. . �"'�°'
<br /> IE. Successur.g and AssfRns Bnund;.lufnt und tieverul l.iability; Cu-tii�ner�. Thc covenuna anJ agrccments ut' ; � "'--
<br /> this Security Instrumem zhall BinJ und h►�netit thc tiucces>ors unJ a.,ign.of LcnJrr unJ Borruwer,subjecl W thc pn»•itiiuns � , '=�"
<br /> of Porngeuph 9.b. BorroW�cr. cuvcnums unJ agrcrmeoi, �hall tx j��int anJ tic��crul. Any Borrawcr who co-.�gns �hix -
<br /> Scrurity Instniment but d��no�crccuic thc Notr: la1 i+ru-�iEnin�thi.Scruriry In.trumcnt unly W mortgagc,grant and 1
<br /> ' convey Ihul Borrowerk irncrr��in thr Pru�xrty unJcr Ihc Icmu uf thi+Scrurily Inslrumcnt:1b�i.not personally obligatcd to � �_
<br /> puy thc sum�.ucured by thi.Srcurity In�trumcn�:and Ir)a�!rcc,th•r� Lcndrr;�nd:m��uthcr Burruwrr map agrec to extenJ. � _.i
<br /> � modify,farlxvr or mukr any uccomm�dutionx wilh rc�ard tu�hc�rm��ut�hi� Securit}•In.trunknt or thc Nntc wi�hout that __
<br /> � Borrowcr's conscnl. t , fi'��
<br /> h , �. 13. Notkes. Any notirc tu Borruwcr proviJcd fi►r in thi. Serunly Imtrumcnt .hall Ix�ivcn by Jelivcrin�!it or by ` �- �
<br /> • ., mailing it by fir.l rlu.+ mail unleti� applirublc la��• n:yuir¢� u,r uf unuthrr nu�h��1. 1'hr notire �h•rll Ik dircc:ted to thc �
<br /> ,' � ' Pmperty Addres+or uny oihcr adJrrs.Burn�wcr d��i�nulr�hy nolirc t��Lrndcr. Am�nutirr tu Lcixlrr.hall be givcn bY ,
<br /> lirs[ cluss muil k►Lendrr; uddre,s .tutrd hrRin or uny .utdre„ Lrndcr de.rignalr� h�• nulirr a� Hurn�wer. Any notire
<br /> � �►rovidcd for in thi�Sccuriiy In.lrumcnt�hull tx Jrc�urd ta ha�•c txcn gi�•rn w lium�urr��r I.rudcr whrn gi�•cn as providrd �
<br /> m thi�purugruph.
<br /> IJ. (:overninK I.ux: Se��erabilit�t 7'hi.Srcurity In�trumrm �liall ttt ��nrmrJ h� Fcdrral laa and the I:IN' qf (Ill' ,
<br /> jurisJictiun in whirh Ilir I'ru�xny i�I�w:ned. In dtr e�•cn� Iha�:u�� p�u�i.iun ��r ilau.c ut thi� tirrurit� In.trument ur th�
<br /> Notc cuntlicts aith applicablc I:IW.�OL'Il l'/111��1C1 .ludl nut at'�crt u�hrr pru�i,iun,ul'�hi. tirrurit� hi.trvmcm ur th� Nutc
<br /> whinc�un tk�ivcn rl'Ircl�►ithuut thr c��nllirtin�!pro��,iun. lii iiu.rnJ tlir{�r�»i.iom u(lhi.S�runt. I�ntrumrnt und Ihc
<br /> Notc t�rc Jcrltired tu Ix+c�•ci anlr.
<br /> 15. Borroxer's Copp. Kurcaarr.hall Fx Ei�co urn runl�,n�ird�np} ul thi.5rrunl}•In,trununt.
<br /> � 16. AssiRnment of Rents. lii►rruurr unr�mdinunaUy a.,iEn,und Ir.m.trr�ro L�nJer ull thr nni,und Rvcnuc+uf�h�
<br /> pn�pehy. Bortowrr awhoriir.Lrndrr��r LrnJer:aErnt.�u c��llr�l ihr rrnt.:in.1 n�rnuc,anJ hcrcby direrl+c:Kh�rn.ml ul'
<br /> 1he Prop�:ny to puy Ihr rcnl�to l.rndcr ur I.rndrr:agrnl�. Ilu��r�rr.prior t�, L�ndrr: notire tu liorruwcr uf Hurrowcr:
<br /> breuchoT•rny r�wenant uragr�r�ocnl in tl�r Srcunt� In.irument.liurn,��cr,hall rulleri:md rccrivr all rcnh and rccrnue.�,f
<br /> thc 14upeny u.truxtcc furihc Ixo�ti�uf Lrndrr:m�l Hnrr�n�rr. 'I'hi.a��t�nnn�it al rrnh con.ti�wc�an uh���lutc u+xi�;nmrnt
<br /> ; und iwi sn ustiignmc��t fnr aJdi►ioncd.rruruy unh.
<br /> . . . ... . � .� .�� . �... �......... ._. ... ..��_..... ..............��...u..........�.1,�.11 h..h.,l.l h�• I��vr.iw�•r:��tn��tPi•
<br /> . . . II Ll'l1UCf t!IVC�IlVUIC lq Iqc.Rll lu u�n�uet�. �.�r u.................... ... ....._. .._...' --•'--� -. .. .
<br /> , fur henrf'il nf Lendcr„nl},lu n� ;�rrr��i►,� thc +um. .rrwrd I,� Ihr tirruril� h�.trumcnl: th► l.rndrr ,hall tx rntiticd tu
<br /> cc�Ilcc1 and rcccivc all of thc rem,ol thr Pro{xm:anJ�rl c:ich truant�N'thr 1'�•.rykrty�hull piiy all rent.duc:m�i unpaid�u
<br /> l.ender ot Lendcr'ti Agem�x�LenJcr���riUrn JciiianJ�u th�trnant.
<br /> Bortower has nat rxcrtned:uiy priur�ti�i�:nmrnt ut'1hr rrniti :inJ ha�nut and ��ill m�t prrl:+m� any urt thut wc�ulJ
<br /> ' prevent Lcnder from exercising its ri�,hi�unJrr�hi�Par,�pr:iph Ih.
<br /> ' Lc��Jer .h:dl not Fx reyuired lu entrr uFxx�.tuF,c runtrul of�,r mamt:un thr I'n�prrh•txli,rc ur at'trr �!ivin�nc�ti�c ut'
<br /> breuch tci Burruwer. Huwevrr.Lcnder ur u juJiciull� :�rr„�„�.�� �.�.•�,�r ��,:�. du,a at :my �imr thrrr i.a brcarh. Any
<br /> � •rpplicatiun ut�reN�shall not curc ar waivc an�•Jrf:►ult ur mvaliJa�c um•ulhcr ri�;ht��r rcmrdy��I l.cnJrr. 1'hi.a+�ignmcnt
<br /> of rents uf�hc Prupeny,hall irnuinatc wh�n thc drht.rcurrJ h�thr Srcuril� In.trwnrnl i•,p:ud in t�ull.
<br /> �p.ie� +�,��r��erv
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