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<br /> payment�.��iefeRed w ia Z.or ci�ege the rmo�mt of such paynxnts. Aay excas pmoads aver aa
<br /> ` ���P�Y��8 i���the Note�tWs Sec�ty.Iasonnt�at sh�ll be p�id w tbe a�dry
<br /> ��.r..�,a,�„r.�–�_—_-—�.�.�- ---- -� - -� -- — --- - --- �__ --- -
<br /> •--.-_ . .-_._.__��_...� __..._ – —_. _
<br /> s.&p. Lecider may oolixt fees utd cbazges anthaized bY t6e SecretatY•� ` .
<br /> � - — #froadsto��Asode�io�teQllebt. . . issued 6y ttu 5ec�etarY ia the rase of payment defaWt�
<br /> . (a)Oefa�M. t�ender msy.excepi as I�iited bi►tegulauoas. , .
<br /> requi�+e immediue ppya�ent in fiill of atl sums sccu�ed Ly dus Securityr Iastrument i� tastn�ent
<br /> _ (s)Boaawer def�ults by fiiiling tn pty in full any mauthlY�aYmeat�aluind by t�is�cuntY. P'�
<br /> to or on the due date af the neat mondilY WY��a
<br /> ('u)Bamwa det'auIts 6y fa9liug,f�a penad af thutY days.u1 perf°nn any other obligations contained ia tl�is
<br /> 5ecaii I�st�ent
<br /> -�y)����,k�App�aval, L�der s[�all,if pe�mitted tiy applicatile!aw and with the priar appnsval of the
<br /> � Sa'nettry,teqoit�immodiate PaYm�t in fulE of ail tl�e su�c securod by this Socurity Ias�utnent iE
<br /> C)�a P�of tl�Ptope�ty,or a bmeficial fr�u�nest in a trust owaing al!or part of the Propedy,is sold a
<br /> otberwise tnmsfeaed(a�ber than by devise or desoent?hY ti�Botmwer.�a �
<br /> � (a7 Ti�e Fcvpe�ty i�not oa:upied by tbe purc6aser or grantee as 6is ar her priui.ypal�esidenc�e,or the punehaser
<br /> - or ghntet does so the Ptope�ty but h�s or her crodit t�as na been appmvod in ucor�dance
<br /> - witb t6e tequinmeats of�We Sanetat�. :�.c': �.
<br />- (c)No Wairer 1f ci�nces acctir that woutd pamit L,ender to nq,u�.'-�°"unmediate payment in fiill,bi�I.ender
<br />__ does aot m1uie+e suchp�yments.i..endtr does not waive its rig6ts with resge�i�subseqcunt events. _--
<br />- - (d)R�aYGto�s atHUD secretar9 In many c;rcumssances regulations iss�i isy the s«xerary wilI limic l.enaer's --_-_-
<br /> rig1►ts. in the case of payment defaults, to rec�uire immediate payment in fu(# anc!fo�ectose if iwt paid. This �_-°-
<br /> = . Security I n saunx,nt d o e s na au t l wrize acce l e r a u o n ar f i m e c l o s u r e i f n o t p e r m i u e d b y re g u l a t i o n s o f t h e S e e o e t a ry. �..,_-_�=
<br /> --- (e)Mort�e Not Iagured.Bo�mwa agRes;�s6ould this Security Insav�►t and tht note secured theceby nM �_=�-
<br /> be elig�3k foc insur�nce nnder the Na6onal #�sing Act vvid�ir� ��' _
<br /> - date hereof.Lender may.at its op�:�aad notwithstanding anyihiitg itt Fa�.��'�i 9,irqwre inunediate payment in .. ��- _—
<br /> � fulf af all snms socu�ecl by this S��y.fnsuumen� A wriue�i��nt of any authorir'�d agent of the Sec�tary •��—��-�»�- :"_-
<br /> '� dated sabsequent to a InOn��,:;, �r•:-�e date hereof.Aeclinmg to insure this Secwity �.
<br /> - Isstrument and ihe note secu�d tne�r,s1�aU.be�eemed e.�a.r`�me praof of such ineGgi'bility. Norxithstanding r 4�
<br /> - o uraace is sote dae ro � �.-
<br /> . t h e f o r e g o i n g,t b i s o p t i o n m a y n o t b e e a e r c i"s��y.L e n d e i i�x s Y:i i h e u n a v a�'1 a b il�t y f u�s t 3► ,.,.`_ .
<br /> � Lender's failure to.remit a mortgage iasurance p.zinium to tli�"S��tary. = :..,:t.=:-
<br /> .. IQ Reb�ststemee� Bomnwer has a right to be reiastated if i�w�as required immediate payment in fu116ecause ;;- �.`- .�• ;----
<br /> 'i°� of Bomower's failure to pay an amount due under the•Note or this��zurity inswmen� '17�is nght appties even afte► •;"��� :���
<br />.• �. foreclosure proceed'mgs are insdtuted. To.:einstate tbe Security Insd�ment, Borrower shal!tender in a lump sum ail ;-�,;.:% . - :—
<br /> arnounts rcquind ta bring Borrower's accaant cumeaa�cluding.ta the extent they are obligauoas nf Borrower under this -�' .r,;,�„t"
<br /> :�h- Security Instrume�►t,foKCtosure costs and reasanab'e a�3 customary aaomeys'fees and eapenses properlY associated witb :=�--"�'-�':�'
<br /> �� ; the fonclosue�e proceeAing. Upon�einstatement by Borrqwer, �'��:�
<br /> this Security Insuument and the obligations that it socures f:Ft..=--
<br /> '�: _...._
<br /> • shall remain ia effxt as if Lender had not teclui�d immediate paym�t in full. However.Lender is not requmed to peimit .�.���. -�'.
<br /> . ,..�-•--,
<br /> --;��? � n:instatemrnt ifi (i)Lender has accepte�?�ei�statement after the co�encement oF foreclosu�e�p!oceedin&s w�ihu� two --.:�`�-.
<br /> , ';: 's.' yp�s imme�ate�y preced'�nS tbe comr3��ent of a cument fo�l�s•"ure praceeding, (ii) reiras's�sement w�ll pcectude . +�+.- •• - ---
<br /> `�`� ..,-,� ,. �` fotectosure on ili�t'erent gmunds in the fii:.�a:or C>i)�e'snstatement c��'adversely affect the prior.��of the lien cneated by - __
<br /> . , ; �� " � �Isia Security lnstrumen� `._-
<br /> .. ' ���'� r 11. Boerower Not Released; Fosbearance b l.ender Not a Waiver. Eatension of the pme of payment or , --- �-- _
<br /> '' �;�;e • modifcation of amonization of the sums secured by thy Security Instrument granted by l..ender to any successor in interest , , °��'
<br /> �`"-�^ •�:=` • af Borrower shall not operate to release the liability of the arig�nal�orrower or Barrower's successor in interesl. l.ender �• , •°
<br /> , r 1 - shalt not be required ta cammence praceed'mgs aga�nst any succe�sor io interest or re f use to exten d time for paymen t a r �-__
<br /> ; ,. atherwise modif amoctizatian af the sums secured b this Securi �Inswment b reason of an demand made the ``y=
<br /> , ^jl�i`� : y y n Y Y hY . ,�:
<br /> = �. original Borrower or Borrower?�successors in interesl. Any forbearance by Lender in exercising any right ar remedy shall • :
<br />� �,: not be a waiver of or preclude the exercise of any right ar remedy. f�`:
<br /> � � t'' ` ` 12. Sacces.wrs and Assigns Bound;Joi�t and Several LiabUity;CaSignerK. The covenants and agreemenu af }.r_
<br /> ',:i � ``; -'�'; this Security Instrumem shall bind and 6enefit the successars and atisigns of L ender and Borrower.subject to the pravisions
<br /> ._�� .,�::
<br /> : , s • of Paragraph 9.b. Bortawers caveaanu and agrcemcnts shaU he joint and several. Any Horrower who co-s�t;ns this . .r__-
<br /> � ` ��`} Security lastrument but daes not execute the Note: (a)is cacigning this Security Insuument anly to mortgage,grant and � =_
<br /> • �� ��� ;.�:• � w° � convey that Bonower's interest in the Property undcr the terms of th�s Security lnstrument:(b)is not personalty obl�gated to r�. � —__
<br /> -.�• 'G' pay the sums secured by this Security lnstrument:and(c)agrees that Lender and sury othet Barrower may agcee ta extend, • .. ;.�'
<br /> �>,r,,. ;, �; modify.forbear or make any accommodations with regard to the terms af this Secunty Instrument or the Note w�thout that • . -
<br /> Harrower's consenG . � .'� -
<br /> ,•. . '�.=: .—
<br /> `.<�;�;;,' � 13. Notices. Any natice to Harrowcr provided for in this S�j:rity lactrument sha{I bc givcn by dclivering it rn b}
<br /> , Y:�i'�.. � _
<br /> '' :'"�: {.";:.. : mailing it by firsl class mail unless applicable law requires use of another methnd. The notice shall be directed to the ,
<br /> � � " �•''' �' Pro rt Address or an ather address Borrowcr desi ates b notice ta l.ender. An notice to Lender shall be ven b � ' ° �
<br /> ' _z�.� � Pe Y Y Sn Y Y S� Y I ,. �
<br /> °�,;,j;�,??.,����:��� fi t s t c l a s s m a i l t o L c n d e t a a c f d r e sa�t a t e d h er el n or an y addre�s l,cnder dcsi gnatcs b y nntice to Bo►rawea Arry naticc
<br /> . .,,a ,.,. '� piovided for in this Securn tr.;trument shall bc dcemcd to havc bcen givcn to 8urrnwer c�r Lender when given ag provi d e d �', `
<br /> , :f ,: . ; �� in this ParagraPh• !
<br /> �"-` �� _ ; _ !4. Governing Law;5everabiSiRs: 'I'his 5ecurily inctrument shall be govemed hy Fcdcral law und thc!aw nf thc {_
<br /> ' .�:�„:•...:;�':`j� jurisdiction in which the Property is tix;axd. In thc evcnt that:+ny provision or clausc of this Sccurity lnstrument or the i
<br /> ��: .. •� Note conflicts with applicz�le law,s�;cS:ranflict shall nat affect other provi.rionc of this Securiry In�trument or the Note ;
<br /> .�,�:���:�. {�•,`.� • which can be given effxr wahout thr��flicting pmvitiian. To thiti end the provisionc of lhiti Security Inurument and the ; .
<br /> . �o . . .
<br /> :r. �•r_.,. . Note are declared to be v:�cra62c. � • •
<br /> - .�'�"�`• � l5. Borrower's Ctr�F. $orrowcr Khall be given one conformed copy of this Security tnstrumenl. ' .
<br /> '�..�� � 16. Assigomenl ot�Reots. Bonower uncondiuunally astiigny and tr�nsfen ta I.cnder all the t+eety and revenues of the .•
<br /> . � - . . Properiy. Brnrower authc�r.�s Lendcr ar Lcadcr�agent�to coltcce chc rents nnd revcnue�an d�ere by�iimeGS each tenant of
<br /> � �` � ' the Properiy to pay the renrs ta Lender or Lender�agcntr. Nowcc•rr;prior to Lendcr's no�ice to Borrower of Barrower< <
<br /> • . '. ' , breach of any covenant or agrecment in t(�e Security lmtrument.Borrawcr shall caUcct and rccrivr all rentg and revenues a�' .
<br />. .�, the Property as wstee for ihc lxnefit�f Lcnder and Horrowrr. This u�signment��f rcnts con�timtcs an nixolute atisignment �
<br /> �- _�„� " ' and nW an assignment for addition;il security nnty. ':•. .
<br /> ' • li Lxnder gives notice�f brearh ta Bntrnwer. la)all rent�receivc�i by Borrower shall bc held by Bomiwer�5 tru�tce ;
<br /> � -' ` for benefi�of Lender nnty,tn be upplied tn Ihe sums xecured by the 5ccurity lnstntment:lb)I.rnder xhall be entitled to • '
<br /> - - colleci and�eceive all at the ren�s of the propeny:and!c)cach tenant of thr!'r��eny�hall pay ul!rents due and unpaid tu _ .,
<br /> � ' Lenderor Lendet's agent on l.cnder's written dem:u�d to the tcn:u�t.
<br /> _ � . Bonower has not executed an�r prior assl�nmem of the rrnts;utd ha�noe:utd«ilt n�i perfonn any act that wvutd `•.
<br /> '� , . prevtnl l.ender from exerclsing its nghts undcr this Purugraph I G. ' , .
<br /> Lender sdall not be requirpd td rntcr upnn.tnk���ntn�1�f or m;,int�in thr i�r�peny(�rfur�ur after giving noticc of .
<br /> � � � breach to Borrower. However.Lender or u judtc�ally ap9ointed receiver m�y do scr at:uty Nmc thcrc is�breach. Any .
<br /> . " � ' mtppllc�tion of tenLc sh311 not cum or waive any defauh or tnvaliJ.�tc any niher right�r rrmedy uf L.ender. This assignment. ,
<br /> of rents n!the Nnpeny shall tcrminatc when the debt sccured by the Serurity Insirumrnt i�paid in full. �
<br /> , . ' rruxp+�,f�puer„ _ ' .
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<br /> • i�.`rr�.- �
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