|
�--___-- -- �--=- _
<br /> �-- --�- -� -= - -� -.. . � --- -
<br /> -- f:-- � ,Y.: c _ _ ._ . , t � . .. �� - _
<br /> S- � . . .. . - - y — �.« �_�(.."'- __ _..—� --_,__.�` _'� — -
<br /> ci': '- :� - i" . -. . ' -' �
<br /> �-_"--- -�-----�-� _ ' • - ; - �� ,,, � :`- � ��.�lO.s32Sr�- : .
<br /> -- � - - _ _ _ . _ , ---- :� -
<br /> _ . . .. : .r _ . , .., . .' � , .-
<br /> ' l-payma�ts.which ue cefer:ed�to io P�rs 2.or cl�ngc the amvu�n[of suc6 p�ymaits. Any excess procads ovar aa_ .
<br /> � ` ,m,,,mt t�ced w p.y.'fl out�,g'u�i��ess umder thc IVote�na:this sx,u;ry rnwu�t sh�l!be�tia to the awty
<br /> ` i�a�ttt3edthelCln � `-----�;_.:._
<br /> -- ---__ --._
<br /> - - ---.��-----._._ __�!'�„
<br /> _ - -.._.... - - ----.. _.�--
<br /> . ��Fas.Leader inay- as es -- -
<br /> �! ��fac MeekeaEio�dDebt. • ;
<br /> ' ta)Ikfarlt. Lender may.cxcept as limit4d by cegutabions issued by the Seaetary in the casc of paymrnt defauhs.
<br /> . ,. ° �1��P�Y�in full of aU su�s seciuod 6y th�s SecuritS►!��ms�+t if-�
<br /> . r�Bonuw�defaWts by faiim8 m PaY in ful!any alonthly payrnent nqui�by tltis Secudty Iasaumeat priur
<br /> ' -- to�anttte d�ed�e of t6�ncat m�lY#�y�.� .
<br /> . (ii)Barnwer defaalts by faiting.for a period of tturty drys,to perfomi any other obtigatioas cumained in this
<br /> ��� �
<br /> • @)Ssle Wi�oot Credit Approval.Lendei sball.if pemtitud by apPticable law and with tbe prior app�o�a1 of the
<br /> Sec�etary,m�ne immodi�te PaY�ent in fuII of all the swns secus+od by thi�S�tY lnstrument if:
<br /> (ti A11 or Put of the Roptrty.or a bweficial int+eieat in a tiust ownu�g ail ar pa�t of the Pcopeccy.is sotd or
<br />= - othenivise uan�fe�sed(other than by dcvise or descent)by the Bormwer.aed tesidencx,or the
<br /> ne
<br />- (u)The Pra�percy is not occupied by the pucchaset or granteo as his or her princiPai P�
<br /> -' a g��e does so acupp the pmpetty b�u`t�is a i�cr etedit has rat beea appmved in aocordance
<br />`ry� witb t6e reqaitemenu of the Sec�etarg �
<br /> - (e)l�io W�se� If cincumstances occur t�mt waild pemut Lender to t�equi:e immcdiate paymeat in.fW�,but L,ender �
<br />- . �es i�ot�ut soch rs.l.e�der�ves aot waive its rights with nspect��to��u���w�l Wnit Lender's
<br /> _,(�R�o�o�ot�Se�etsrg Ia�►Y circ�+mstances regulatl
<br /> • ., tight�,ip tBe case of payment defaults,to require immediau payment in futl and foreciosa if not paid 1'his
<br />- ' Security Insaument daes�t authori�e accekratia►or fo�eclosuc�if na permutcd 6y ragutatia�s of the Soc�uy.
<br />'"'±`,' ' (e)Moet�e Nd Traared. BoROw�agmes that sttouTd this Security Instrument and tLe nau secured tbec�eby not
<br /> • 6e eligi"bk for insuranca under the Nati�nal,Hausing Act wit6in from tbe
<br />- date heceo�l.ender may:at iu option and�withstanding an°g in Paragraph 9,recNtte immediate paymeat in�
<br /> 5. ,r� � . -'. tull of all sums secuce�fis this Security Instnm�enc A written statetnent of any autNorized agent of the Secretary
<br />•'��.:�, `�atM subsequent to . fmm the dau hereof,declining to insune this Seaaity
<br /> '.,:�:',: �.•.;. . ' •Instniment and the note s�ured thesehr.sfsatl be�deemed conclusiva praof of sach inelig�'bility. Notwic�+�� .
<br /> ';:>::` �= � •� •-the foregoing,this option may rwt M►es�rcised by-Lende'when t�-�e�mavaila6ilitypf�surance is sole3y.�;v ;. ,
<br />;:��,.i.;; ,.. - . .;.. ,� ;
<br /> � ,?;. � I.ender�s failure to remit a mortgage insurance premium to the Secrerary.
<br /> • 't'- _ . , 10 geinsfatemea� Borrawer has a right to be reinstated if Lender has required e�mediare pa}z�in fuU ti�ause
<br /> _�`-: �"'" • of 6orrawer's fa�ure to pay an arnount due-under the•Note or this Securirty Instn�ine�. T7us righ[appties even afrer
<br /> { �>��y ��-.'= .� i faieclosure praceedings arie instihrted. To re"sasiate the Security ln.ctnimen�. Bormwer shall tender m a lump s�un all
<br />. . :=_„;�, �,,: .
<br /> , ; amounts ieqm�l to bring Borrower's account c�,�rent includ'mg,to the ext,�they are abligations of Ba�rower under this
<br /> Security Inswment,faceclosure costs and neas�nabte and custamary attor:reJS fees and expenses properIy acsaciated with
<br /> nab
<br /> ��.-, the foreclosure procteding. Upon reinstatemetst by Barrower,this Security L��vmeat and the obbgations that it socures .
<br /> "�'`�' shall remain in effect as if Lender had not rec�aired immediate payment in ful� ��.�ever.Lender is not reqaired to permit
<br /> ' �� isinstatement if: �(i)Lender has accepted reinstatement after the cammencemenY o�fa�losure proceed�ngs within two .
<br /> • � years immediately preceding the comttiencement of u curtent forectosure procee.�g.i�i) reinstatement wilt pres8ade
<br /> r
<br /> �! - foreclosure on d�rr.'��tt gounds in the future.or tiii)reinstatement will adversely affect�.ie prioriry af the lien cs�ea::a�i}� �
<br /> • �: �¢"��- ihis Security lnstrus:zent.
<br /> st
<br /> .���Y�� � li. Borrower Not Reteased; For6earance 6� l.ender Not a Waiver. Extension of the tim.e of paymenc or ..•�.,�;_�_
<br /> =� �^ � modificasion of amortization of the sums secured by th�s Security Insuument gatuetl by Lender to any sua.essor ia L.:.°rzst "^':..���*
<br /> -��-+�: -
<br /> -�.;�,�;;#_.�,:�. of Borrower shall not operate ts�ra:ea.te the liability of the original Borrower or Horrower's successor irs c:t..� d.e�der • - -__
<br />� •�;d� shaq not be reqairu!to comme��..praceedings agamst any suceessor in interest or refuse to extend time iar pay�.,;:t or _ _
<br /> � -.. ..�; . otherwise modify amonizarion of ihe sums secured by this Security Instmment by reason of any demand made by the _
<br /> � - '��!� � original Borrawer or Borrower's successorc ia r yeres� Any forbearance by I.ender in exercising any right or remedy shall � ,
<br /> ''• -`-�•t�r����'' . not be a waiver of or preclude ihe exercise of t_�%right or remedy. . _
<br /> •a��::�_.;..._.. .. '. ,. •_ _
<br /> -a�:� �•�;��^, 1Z. .Succes.gors and As.4igns Boaad;d�t and Several Liability;CaSi�ters. The cavenants and ag�eements of : ,
<br /> � this Security Instrument�hall bind and benefr�;.-:e successors and a.5sign.4 af l.ender and Borrower.subject to[he provisions :: , ,.��,,� -_
<br /> ' � of Paragraph 9.b. Borrower's covenants ar:�� seements s!�all be 'omt and several. .An Horrower who co-si nc this • ''''� � '�'--�
<br /> :•::.; � j y S �'•,'•��'��;;�;:.'t; �.;�y�-�
<br /> � `�� ' � Security Instrument but dces nat execute the'�ate: (a)is eo-signing this Security Instrument only to martgage.grant and �;•:.•�:�:;:�; '. �.�;_�
<br /> ��->::�,.:•. •-.; -
<br />_ _. ,�.. ,.. .� convey that Borrower's interest in the Propestp Under the terms of this Se�:rity In�trument;(b)is not personally obligated to Y'��;•``"'�� --
<br /> �-:.a>'r;�.>.. .::. .v,_—_
<br /> � pay the sums secured by this Security Instrumcnt:and(c)agrees that lx�.��and any other Borrower may agree to extend -_
<br /> .°�,�_�`'�; mad�fy,forbear or make any acco�modations witfi regard to the tcrms ci�is Security Instrument or the Note w�thout that , '��
<br /> • .'y��"��'".;:: Borrawcryconsem. .��=u�==
<br />• ;_.�'{:�...+ .^::.c' • •�
<br /> ��4xa,:,�' 13. Notices. Any notic�cu�orrawer pravided far in Ihi.r Security I��trument shall bc given by delivering a cr by
<br /> • �:y� �i� �,..� ,.
<br /> �,�._,-l.; i,1.fp�.:; mailing it by�rst ciass mail c:=:ss upplicablc law rc,�{uires usc of aaothe:method. 'i':�e nouce shall be directed_�s��e . . •-
<br /> ' ;>�' '•�°°� •• Propessy Addrecv or any other addresti Horrower designater E�y natice to L�„�der. Any notice ta l.tnder shall be given Dy �
<br /> . •�.. y.;t;: .
<br /> • � ��`•- ° ' first class mail to I..enderw address stated !.�Yein or�ny�ddress Lendes��Si�natc�by nutire to Borrower. Any notice ,
<br /> � � � � �`�' � provided for in this 5ecurity lnstrumcnt�F.a:T be decmcd to havc hcen giv�•..ro 8orrowcr ar Lcnder when given as prnvided •
<br /> ;,.;:;,y;, . in this patagr.�ph. . � �
<br /> ' 14. Governing Law:Se�'cra611ity. Thi�Sccurity In�trument �ha:l l�c gavcmed b} Fedctal law und Ihe laa e�ihe
<br /> � - � jurisdictian in which ihe Property is ic+cated. 1n thc event ihai any pra��k;'i�n or clauce of ihi�Security Insirunte�ec ec:he _ r� , •t.`..� �
<br /> . • • Note conflicis with appHcabte law,such conflict shall not alfccl other pra�i�ian�of�his Security lnstretment or:t-�`�ate • `•"'�' `� ' �. .
<br /> .;, ;.
<br /> � • which can be given effect wiihoul ihe contlictir�pruvi�iun. Tv U�i�end th�provisianr of this Secun�y tostrument and the F• ,
<br /> •���j , • .. Note arc declated t�hc scver�hlc. ' �
<br /> . , 1S. Borrower's Copy. Bonower tihall be given one c�mfnrmed capy�f�his Sccarity 1n.trunnn4. i. •
<br /> ..;�?-:`.�;._::'.��;�: 16. Assip,nment of Renta 9urrower uncf�nditi��nally asyignti and Uan�fcrti u�l,cmt��c all the rent�and revenues e�f the � �•
<br /> � ' . ., . . Ptoperty. Borrower authari�xs LEV�der�u Lendrr�u�:e�u.to collect thc rcnt�and revenue:.�nJ herehy directs each ten;int nf + ;�'.;�,, '
<br />. ' � the Property to pay the reMti to l,endcr nr tAndcrs a±;ents. H�wevcr.pr'tar ta IAnder's n��ticc to B��rtmvet uf�nrruwer's s
<br /> � ' � breach ot'any covenam ar agreemcnt in ihe Security I�ntrument,p�+R�nti�er.hall cuUect.mJ rreeive all rent�and reveuue�nf �
<br /> , the Prape�y as trustec for ihc txnefit of l.endcr and i3uttuwcr. '1'hiti u�+ignmr�u ui rcntti rnn�titute�an absotutc as�ignmcnt •
<br /> ' .. , and not:u�ass�gnment far addidunal accuri�y��nly. • 1 • , ,
<br /> ' , lf Lender grves natice�+f hrcach u►Fi��rcuwer: (:�►all rrnts recciced by Hum.wcr.hall Fx�held by Horcower sy trustae ! .
<br />�. . . .� -- Pur benefit oP Lendcr cmly,to be�pplicd in the�um��ecured My�he 5ecurity ln�trumrnt:Ibi lwnder shall fu enlitleJ tn • �
<br /> � coltect and receive a�l�►f Ihc rentc nf the Prn{xny:and Icl each tenant�,i'�Itc 1'rnprny.haU pay ali rrntti due and unpaid t�� -
<br /> , •-. . _. Lcnder ur l.ender�agent an i.cndcr's��-ritt�ht drnt.�n�i tv Ihc Ic�taut. . ;
<br /> ` � . ' �orrower h�s not excrutcd any prinr:ititiignm�nt ui'Ihr r�n1ti and ha�n��t and H•ill n��t perf'arn� any ac�that wauld :
<br /> , • � ' pmvent I.endcr from rxercisirt�;it��ightti midcr thi�I'uragrarh tU.
<br /> • • � Lender shall nut be,reyu�raJ t��enter upnn,takc canuol of ur maintain thr 1'�nperty Ixrti�re or aftrr givin�n�tice�+f
<br /> btearh tn Bnrmwer. f�awcvcr.Lrnder vr a�udicially ap�wipt�d mc�iver n�:iy dtt sp��sny tiutu Ihct� Is�Ntcul'h. r�ny :
<br /> ' . applicatinn uf rentti shall not curr t�r waivc uny dcfaufl ur m�•:didat�:utiy cnher ri�ht or remcdy vf Lrndcr. '1'hiv a.��i�;nmcnt '
<br /> ' . of rcnty�f thr F'rnperty�haU tcrminatr whcn thc dcht ucumd hy Ihc Sccurity Imlrumcnt i�p�id in full. `
<br /> ,
<br /> . . . .
<br /> ' . " � � ffqtGe•{�f�(�J4lci .
<br /> . � . 1 � . .. . _
<br /> , ' . i
<br />
|