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<br /> �;'.�-� � ""�' '>.:_.-.�.. u.-s;�i 7y, .. - - - - .�.: -�
<br /> --'"'"".`.'i`:'�:i� a -�n--�.-�-� _— � . . __ _.-=i � - ..rfi'
<br /> � . _ .� . _ =�--- -- ��_�i_,::_ -
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<br /> .�e;.`,�r� i - -- �• - . . . . _ . ----- . . � . _� .._. .
<br /> _� �-�`' _:�s-_t--_:-� � . - , , ` _- . _ _ _ . g2�.�O�r. .�. _
<br /> .� . . . - . . _ � , , � ��
<br /> p�yme�vrbich m tefan�d to ui Parag�6 2:ar d�ge the wnnunt of sucA payments. AnY exoess pcocads over sn .
<br /> amou�t��uu�i�ed to p�y alt outspndiag iadkbte�ess�nder thc Note and t6i�i Socurity tnsau�shall be p�id to the aKita►. .
<br /> �� iWI�W�. . . <. ' ` . , f
<br /> � �FE!!. I�Cr t113Y�O��C[fCCS�C�AT�GS 81R�OrIZCa�t�IC�!C[Ct�►• '.
<br /> �rslOOM�btOrAOCl�l1'�Q�plb1. . � ' -
<br /> . .. (a)Defsvf. i.ender asaY.exvepc�s li�ed bN�dauoas issued.by tt�Secnetary in tAe case of paya�eat de6Wts.
<br /> , �dire inune�iate Wym�in full of sll smns sec�ue�by this Security I�strumeat if; � � _
<br /> —� , - - - - i��aaower dcl'yuicv by f�7iug w pay in fult aay monWY�yme�-�bY ehis Sacority InsuumeM pric�r-- ---.
<br /> � . to oroa We due date of the aext montbiy paymrnt,or ,
<br /> � _ (Ii)Baiuvr�defanJts by fa�ling,fa:pedod of thirty days,to Qerform any odiec obiigations cantained ia this �
<br /> Security Insmunent '
<br /> @}r.�Ye y(►jqqat(�d,it.pppraval, Lender sball,if pe�mi�6y applicabk law and with the prior ap�noval of tUe
<br /> � Secretas�r.�e4uirr imme�te WYmeat ia full of all the soms secu�ed 6y this Socuriry Insuument iF
<br />_ . � � C)�a P���'���P�Y•a a ba�eficial intec�st 6t a aust owning ait a pa�t of tbe Ptopa�ty.is sold o�
<br />= otheiwise uansf�nitoit(od�er t6an by devise or desaent)bY the Bomower.and
<br /> _- - (ii)71�e PtoQe�tY is rtot`oocaq�iod DY t6e Pu�ct�ot gcaata as�is or 6er pcincipat rrsidence.or�l�c piuctwser
<br /> = or granta does so accvpy�tbe Ptopeny but !us ar Ge� cnedit has not bam approved in�acco�darjce
<br /> - ' .. with the toquitements o�the Sec�arY- �
<br />- (e)Ko Waiver. If�nccar tbat Bvu1d permit[,ender rn iequire inuncdiate payment tn faU,6ut l.ender
<br />°,,-. das not requ'ue sachpayments,Ls�tder do�s cx�waive its nghts witb respeCt w subsequaut events.
<br /> , • (d)Re;ayttaas o�HUD Sae�etarg (n tnaz�y circumstanas teguladons issued by the Sec�etary w71 limit Lender's
<br />_ . dghts. ia the case of payme�t defaults.to t+equire immed"eate paYment in full and farectose�f not paid. This
<br /> f': ' Securlty lnstnunent daes not�ll�ize accekratiaat ar fored�su�if not pem�itted by tegutatioas of the Se�etary.
<br /> ;�i��` (e)Mortpse Not Iasare� $r,�a+nwer agnaes that shauld dus Secudty Instrument and dienote sec�red tliereby not .
<br /> �:.- � be eugi"bk for insurana uades ihe Nadonal Housing Acc�rithin . 8 �oaths �"� .
<br /> dste benof,l.tndec s�ay.at its vption�d rwtwithstaz�ding aaything in Pmragraph 9.require immediate payment in
<br /> • fuU of al!sums sa.^�u�bjr�s��curity Insmm�en� A wriuen statement of any autl�ori7rd agent of tlje Suneta�!
<br /> • . dated subsequent to ,g ��,�g from the date heieaf.decli�^�ag to insure this Security =--
<br />- Y` - ���...,�^t aad the note ser��_�eteby����d cQnclusive praaf of sach�inQli�c'6ility. Notwithstanding . . �.,__
<br /> ° the foregoing,tE�is aption may`not be eac��:3 by Lendes when the unavailabiliiy of'vlsuiance is sotely due to �f�' �'`-
<br /> ''-` � L,euder�faitune so�emit a mortgage inspra�;z p:emium to the Secnetary. . `'��`,��i•-=
<br /> . emi t ''
<br /> - 10. Refnsintemert�'Barrawer has a right ic��e�instated ff L�mder bas required immediate paymer dr.�c,*!i�ecause '' f«
<br /> � �. ' of Borrowers failure to pay an amount due nnder:ne•Note or this Securiry lnsnumem. 7iiss sight ap�ties even after , 'f r�'` .-:
<br />: �'' �, foreclosure proceedings are instituted. To reinsta:e it�e Securiry Instrumen� Homnwer shalt tender in a Tu-mp sum all � : _�.�L�:; _
<br /> amounts iequ�nd ta bring Boaower's acc�unt currz�t.mclud"mg,to the eateat tttey are obligations o f Borrouer wrder ttsss -^•;iR=,,��{:�_—
<br /> Securiry Insuument,foretfusnre costs and reasonabie a�i customary attomeys'fees and expenses property as-c�iated wn.�t '�;,�-;_°
<br />•• the forectosure proc¢eding- lJpon ieinstutertient by.Borrower.this Security Instrument and the obligatiansr;nat it secures ��`.°�.., �:^_-
<br /> - shall remain in affect as if Lender had not re�uiied�mmediate payment in fup. Hawever Lender is nat m.c�ir�co Qem�it • !�`�d�_�'�__�
<br /> ' '°; � reiAStatement it (i)Lender has accepted remstacement after the cammencem�►t af foreciasure praceedings with�n tv►cs '`'�t �` �';;_�.
<br /> ; - i,,.,,�.
<br /> >- '' years immediately preced'mg the cammencement.of a current forectasurc proceeding,(ii)reinstatement will preclude = •. :;�,„..
<br /> ',�. ��'`'.: ;... . .`,.._':'.,
<br /> ! foreclosure an different gounds in the future.or(iii)reinstatement wilf adversely affect the pnonty of the tien created by � , •f
<br /> :+r. �'r.`�-� �: this Security Instrument. . :,, •. �`
<br /> i.: f '��.:-'�;�^ ` �•'av�,
<br /> I�'.•'�;� #: _:�.•.. 11. Borrower Not Rekased: ForbeAraoce by l.ender Nat a Waiver. Extension of the qme of payment ar �:�t'� ,... ,.�;
<br /> .';.,: .��', r�'='�:-. .. -_.
<br /> , •,,�-•...,:;;;: maditication of amortization of the sums secured by this Security Instnsment granted by Lender to any successor in interest �r.�• •: �r"
<br /> � �� � ;�:.' "}• o i'Borrower s ha U no t_ope r a t e t o re l e a s e t h e l i a b i l i t y o f i h e a ri g i n a i B o r r ow er or Borrower's successar in interes� Lender •-
<br /> �f',..�r.,a� -.r�� . , ..�_
<br />. . ;ri . �•��, � shall not 6e reyuired ta cammence proceedings against Any successor in interest or rei'use to eatend dme foe payment or . . •.;_-
<br /> .,' t�r.<3_ -
<br />, ;;� �ti otherwiso mod�fy amoRization of the sums secured by this Secv�ritu Im-trument by mASOn of any demand made by the �
<br /> '� :� ���;°-._ . origtnal Borrawer or Borrower's•successars in interest. Any ft�rb�rance by Lender in exercising any right or remedy shall ��-�
<br /> , ;,� ,� not ba a waiver of or pretlude the exerc3se of any right or mmedy. � .
<br /> ` _ ���.__;�_� IZ. Succes.gor�and Assigns Bound;Joint and Several Liability;Ca-Sip,ners. The cavenants and agreements af
<br /> ,t,�..:� , - . �
<br /> k%r -�;_. .:c� °• . this Security Instrument shall bind and benefit the successan and assigns of I.ender And Harcower,subject tv the provis�ons , :�-
<br /> `� • ��*�-_, - of Para a h 9.b. 8orrowers cove*.ra.-!s and a reements shall 6� ��mt and several. Any 9arrawer who eo�i 4 thig '"'L--
<br /> (:; . ,•�:.�•�• Security Instntmem but daes not e�;e�u�the No e: (a)is co-sign's-�this Securiry Instrument oniy to mortgage.��ant and ��``
<br /> ' F:r .`• ` � convey that Harrower's ir.teres�i^a�e L�:�aperty under the terms of this Security lnstrumenk(b)is not penonally obligated to � �==-
<br /> �� -- =� - pay the sutns secured 6�t:�ia�ecurtty Instniment;a�.�3(c)agrecs that Lender an3 any other Barrower may agree to eatend, • '�-
<br /> • �' ' k' �`�r madify.fotbear or make any ace�mmodations with r.�_ard ta the terms of this Security Instrumenl or the Nate without that , � �y`�
<br />. :,•;...;�• . � °"=-
<br /> . ,,:;,1:. .��:_�: Borrowers cansent. �'"' -
<br /> !�...,. � "• r:.r: : ._
<br /> z:�r :��� 13. NoHces. Any naticc to 8arrower ptavided for in this Security lostrumcnt�hall bc given by delivering it ar by � , '�, }��
<br /> . , ',"'�";k;.;::.' % mailing it by fnt class mail unle.r•4 applicable law requlre,�usc a`.anothcr mcthal. Thc natice shalf be directed ta the •st.�.
<br /> , �;�•`'' r '.�• Properiy Addres.w or any ather address Horrower dcsignatcw by ne•��:�ta l.ender. Any naticc t��Lendcr shaU bc given by _
<br /> ,i�F•',.' ' first clacs mail to Lertder�address siated herein or any address Lcader de�iK^atcs by notice to Borrower. Any notice .}.�, . ' • �
<br /> ;�,�,.',; . • " pravided for in ihis Sec-urity Instrumcnt shall be decmed to have been given ta t�':,�owcr or Lcndcr whcn given u�provided • �,�:.�.:: : '
<br /> in this paragtaph. � �• � �
<br /> � :::,. � � . � . f.•�.Y ' ',,:•<�.�
<br />;.�� ..,, ••. . 14. Governing Law;'Severabillty. Thiti 5ecurity ln,ti�rumer.t,hall Gc guvemed by FcdcrAl law and thc law af the , ,.,
<br /> . - `;yi;' �;?; ., . jurisdi�tion 9n which the P�openy is lacated. in thc cveni tha�aRg �-ovision��r clau.r•c ai thi�Security tnxtrument.or the �: .•�.��i,J` -=-��.��,
<br /> .t<<•��,•• �Note confliCts with applicable law.s�ch�bnflict 4hall n��t affcct echrr provi�ia�s of thiti 5ecuriry lnstrument or the Notc ,t, �
<br /> ' ��"• � � � which cnn be glven e£fesa without th�canllicting proti i�ian. Ti�thiti end the p.�b�i�ion�of this Security lnsttument and the �•�,•`��' �� '.'�� �
<br />. � • '' �- _.� Note are declarpd to Be�er�btc. • }� i,''� ,
<br /> d�. .
<br /> � , ` 15. Boe�awer's�oDy. Bnnower vhaU 6e gicenane eonfuaned copy of'tF�'s S:curity Inytrumenf. �..,,:• �
<br /> ��" •. .� � 16. A�ssignmeet a�ltent�. Borrawcr un�an�:*tanaUy 7ssi;�:and trnn�fcr�to l.ender atl the rents and revenucs oP the � .
<br /> �. '� . ' Property� Sonower authorixev l.ert�r c�r i,ender y��gentc to coLE:,x thc rents nnd revenues artd hrreby directs each tenant oF -�
<br /> : . � tht Prapetty tu pay thc rcnts to Lcsid�r or Lcndcr's�gen�s, Haz�:cr,print ta Lender's ncx"rca ta Horrower os Hornrwer: F � ,.: •
<br /> �� ' , brearh oF a�y eoveear:E at ogreement in the 5ecurity Instrument.Borruwer s1ta11 co.iect:utd teCCit�e a0 rentc nnd revenues d�'
<br /> the Property as tr�,;:;�e far the bcnrfil af Lendcr.�nd iivrrrnvcr. Thiv z�svignmcr.t o8 rentc comtitutes an.�bxalutc assignmcnt
<br /> '� ., • , and nw an asslgnfsscri fsi�dditinnal�.ecudty unly. ° • �.
<br /> . . ,.. , If l.cnder gives nut�cc of brcach to 8orrnwcr: (n)�II tcnt�receivcd by Borrawer shall be held by Banowrr n�trustee � •
<br /> ' � far benefit of Lender only.to be�pp11ed to the�ums securrd by thi Securi�y Instrument: (b)(.ender shaU he entitled ta t
<br /> �-- - - coltect and receivr atl af the rents of the Ftvp��rly::utd(c)e�.�cit t:.;n1 of the i�'ruperty tihall pay b!1 rentw dae and nnpaid to � -
<br /> � ; • _ Lcnder or Lender's•agent un Lender;�writtcn dem�nd tn the tenant. i • .
<br /> ' - Borrower has nnf cxeruted�ny pric�r a!�s��nment tsf th�rems and has not:md will nnt.perfornti any act thttt wouW � ;
<br /> . � - • prevent Lender from exeroisin�its nghts undcr this Pamgaph 16.
<br /> , • �� L e n d e r s h�l l n n t b e re q u i re d t o e n i e r u p o n.t a k e control of s.r maintain thc�'rn p;r t y before nr utter g lvin F notice�f .
<br /> ' ' , • breech to Horrower. However.Lender nt a judici�illy�pp�iete�!reccivrr may do so at any timr there is a 6reach. My . •
<br /> � '. '. ' application af mnts sh�ll no�cure or w a ive uny de fsult or invalidate vny othcr right or remedy of Lender. This:usignmrnt •
<br /> .. --,-_ �'- `.--- — _ uf tents o€.the Pr�+pertp�11 terminate when the dehe secured by the 5cruritv Inswmcnt is�rald in full. _ ��._ -_ _-__-
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