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<br /> , M7����e���°.����"�the amo�nt of soch p�ymeet.s: Any excess p�000eds over an�
<br /> a.po�nt�ec�ui�d�u PrY�Il vu�td�a�� under tk Nok au�d this Security lns�ua�ent�li 6e prid tv d�t eaticy
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<br /> -- �=--��� Lsa�cr msy cdbct fas ana c6arga nuhorized by t6G -- ----_— ------- , . '- --
<br /> � `!. Cro�id�farAacdenfiotdDeb� �
<br /> (a)De6�t� t.a�dc�t may.exaept as ifm�ted by iegnlations issued lry the Sa�arY�tbe case of�yment def�its.
<br /> t�►ire imtaali�tepsy�nt in fuU of ill smms s�xot�d by this Saauiry Insuumeat iF
<br /> � C�)Bamwe�defwlts by faiting ro pay in full�any maatWY PzY���N�aY��tl'�R'�
<br /> - - - �ta or on the due d�te of tbe ne:t mpethly payment.os � �
<br /> (ii)Ba�wer defwits by fsifing,for a peiiod of tL'uty days.to perfarm�y othet oblig�ions cantained in this
<br /> �ty Insonnneiu.�
<br /> (b)S��Witio�t Crc�t A�af.l.ender sh�D,if permitte�by applicabk tav�r and witb the Qriorappmval of t6e
<br /> � Sa�etary.nb4uire irtunedi�t�P�Yment in foll of all the sums sccuted by ihis Security Insomment i�
<br /> (i)All or part of tde Pivpe�ty.a a beaeficiat inreRSt in c►aust owning all or p�tt of tl�e P�ope�ty.is sold nr
<br /> � otlrc�v�rise t�ansferrod(other tban by devise a 3escert)6!'tbe Bormwer,and
<br /> - (ii)The Ptapnty is aot ocenpied by tbe puncbaser or gr�ruee as his or her priacipal�side�ce.a the par+cbiser
<br /> ' or�tee does so oocupy tha P�operty 6ut his ar her Cnedit bas not beat a�p m v e d in accad��ce
<br />-- - , with tbe t�q�iremptts of du Sectetary. -
<br /> — (c)No Waivd: if cinuaumnc�s ac�vr that woald pamit Leader to req�ne ima�ediste PaYment in fW3,but Lenda ,
<br /> == dnes ra ioquite suchpsymenis.Lender does na waive its n�ts widi rcspxc co subsoquaru eveats. -. �
<br /> — (d)�tlod of HUD Sea�e�r9• In many ci�uns�s iegulatioas issoed by the Societary w�l Wmt Lender�
<br />= rig8ts,itl the case of payment defaults.w rc�uite immediau payment in fall and foteslost�f not pvid. 'fUis-
<br /> - Stcurity Iasaament das not aathorize xceteratwa or fonciosure if not pertnittcd by tegutations of t6e Secnetary.
<br /> ' (e)Mort�e Nat Iawred. Barawer ag�ees that shouid this Sccurit�►�mmt aad the aote� nor
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<br /> -°_ be etigible for inaaaax ander the Natianal Housing f�'� . .
<br /> -- � date Ixteof.I.ender may.at its csption atid notwi��iYthinS i�►ParaB�Pb g����!�:- . ,
<br /> � - . full of aI!sams suu�by this Security Instivmertt A:�iiif[m sta�t of any aathariud agenc��e�SecaeC�`.�`` _
<br /> - datod subseqaent to . fmm the"c�1e hereof.declining w���.i�is 5a.'uriry .
<br />� Jnstivment and the note secured the[eby,sha�be dec�ned conclusive proof of sucA ineligib�lity ^�'�tarithsiaodin8 ,
<br /> -_- 't ihe fotegoing,th�s option may not 6e exercised,b}i Lender when the unava�'la6ility of insnrance ls soldy due to
<br />. " l.ender�s fail�ue to remit a mortgage insurance premium to tLe Secret�y. �
<br /> • `c; 10�Reia4btemee� Barawer has a right to be reinstated if Lender has required immediate payment ia,fuU ba�tuse ,
<br /> .. . of Botcower's fail�ue to pay an acno�snt due �mdes��s�Note or this Security Instnunent 71us ri81�t aFp�scs evert,after •
<br /> - �:� foreclosure praceedings are instituted. To reinsta:��ie Security Instrumenr.Borrower shall under in a s.�p swn all
<br /> �✓%,- a�no�uits nquireA to bring Borrower�s aecount enrn��elvding,ta tbe exteat�ey are obligatians of Bocmr.��under this
<br /> ':z Securitsr,lt�suument,fixeclosure costs and reasonable and castan+�y attorr�.ys'fees and expenses prope r l y associaced with
<br /> the farx3�s�ue proceeding. Upon ninstatement by Bocrowcr.t�*.s Securiry�Instrument and the obligations that it sec�s�. :
<br /> shall c��n in effect as if Lender had not re�uired�mmediate payment in fvll..However.lxnder is not teqoiied ta petm�.
<br /> ninctate�ent if: (i)t.es3der has acxepted nu�statement after the rnmmence��t of foceclosa�e pracad'mgs w-��a :
<br /> yprs im�ediately �ng the cpmmencement of a currerrc forectosure{��eding, Ea}neinstaument �p�ec3s�ie.
<br /> � �� fonclosw�fln diffeient g�unds in�e future,or(iii)reinstatement will advess��y affect the priority of thel�en enea�ed by
<br /> this Sec�*�Inswment. '
<br /> �II..:Borrower Not Released; �or6earana 6y Leeder Not s Waiver. E�tension•of the tiwne of paymem a���: •
<br /> ' - modiGcaiion of amortizaGon of ihe su�s secured hy this Security Insm�ment grsnted by l.ender to any successor tn tnteresr
<br />� . f f of Borrower shall not operate to retease the IiabititY uf the originat 6orrower or Borrower�s successor�n inte�es� Lender
<br /> ' shall not be rec�uired to commence proceedings aga�st any successor in interzst o�refuse to extend time for payment or
<br /> ptherwise madify amortization of the sums seeured by this Security lnstru_*�e�by neason of any demand made by the
<br /> •_:; atiginal Borrower or Borrawers suc�sszm in interes� Any furbexrance 6y B.esider in exercising any right os remedy shall
<br />_,:;:� i , not be a vcaiver of ar preciude the exvrs.ise of any right or remesdy. ,
<br />: , ..-�= i�. Successora and Assigns Baund;Jdat and Seveeal Liabittty;Co-Stgners. The covenants aud agreemenu of
<br />� :F� . _ this Security Instrument shall bind and benefit the suecessor�and assigas nf I,era,.-Nr and Boaower.subject to tht provisions
<br />• .� of Parngraph 9.b. Barrower�covenants and agrc�ents shall be joint stnd s.�'e�af. Any Borrower who co-sigrts this
<br /> � ;;� Secvrity lnstrument but does not execute the Nnte: (a)is co-signing this 5erariry Mstrument aniy to mortgage,grant and
<br /> canvey that Borrower's intarest in the Property under tha terms af this 5ccurity in.strument;(b}is nat personally obligated to
<br /> ., pay the s�ms r,ecured by this Secuaty Instrumen�;and(c)agrees that Lender and any other B3rrower may agcee ta extend.
<br />_�'°',;�i�,:�.�,` _ modify.farbear ar malce any accammadations with rcgazd to the tertns nf this Security lnsuument or the Noce w�thout that
<br /> � Borrower's con.cenl.
<br />;' ' ' 13. Notices. Any naNce to Borrower provided for in this Security in�trument�hall be given by delivering it or by
<br /> :�;,,,��• �� " mailing it by first clas�mail unless s�pplicabte taw requires use of pnother mcthal. 71�e notice shall lse directed to the _
<br /> ��� r � Proper�Address ar any other address Horrawcr de�ignates by notice ta l.ender. Any notice to Lender ahali be given by =
<br />-;'%�fi" �� fitst�;�s rnaii to L.endcr's uddre�s+tated hcrcin or any uddre4y Lcndcr dcsignatcs by notire ta �arrawer..Any notice
<br />, , r' • t.r._ . ` provid�a��:3r in this Securiry instrument shali i�e deemed t�h�vr bwa given to Barrawer�r i,endcr when given s�ti pcuvided -
<br /> � �'-s.-•.: : -
<br /> �. �f/n•'•t .,4�t mthis���h. .
<br /> �--- �`� ' _ ' 1� �G+a�eRnmg l.�w;Severs�6ility. This 5ecurity fn�trur::nt;"a:! 4+����yemed by Fcder.il law and the law oi the
<br /> "' •,�=�;,-::`;'�- jurlsdicr.an "sn�1�:s!��te Praperty is tocatcd. In thc event thz;��� xcz w�:�a:n:clau.c uf thiy Security in�;trumcnt or the
<br /> , � Ntote caniticts with applicable It�w.such conflict�hall no��if;�;..'��.^�:r�ro�.i::�7nc nt"tbis Sccuriry Instrumcnt or ihc Notc
<br /> •.,• •r''=' ''�:,�'�. which cr.ct be iven effect wlthout the conflictin ruvision, To�rii;.cnet thc rovi+ian+��f this Srcurit Instrument:�nd the
<br /> . s..�:,+,*,�_:_..; S S D P Y
<br /> . _ �����*'��'.:. Note are declared to t,e�everablc. ,.
<br /> .:���..m-.:, �=. :, 15. Borrower s l.upy. Burrower sh:Ql lx;�;iven��ne cunformed cnpy af this Security Instrument.
<br /> ?"�'�'��'`�� �' ' 16. AssiRnment oi Ren�v. Horrowcr uncunditianally tistiign�and tran�ferv to l.endcr;�I1�hc rcnts and revcnucs uf�he
<br /> • r'css�.�.:_.
<br /> '''� ' Praperty. Boaawrr�uthurizcs Lcndcr c�r Lender ti a�;enls tn ce��lccl thc rcnt�and revcnucs.md herehy direct�cach tcnant af
<br /> :��:t� ..:;,. .
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<br /> �s�:��r=-:-_:�•::' the Property to pay thc renty tn l,cnder i�r l.�:n�erw agent�s. Huwcvcr.prior te,l.�ndrrc n��ticc tv Hormwcr i�f Horrawer�
<br /> •'"�.�.; � .` breach of any covenant c�r ngrecmcnt in the Sewrity Intitrumem,l���rrnwer tihall collrct attd receivr all rents and revenues of
<br /> �,;�: . .. , thc Prapeny ar Irustce frr the hcncfit of Lendcr:md K��nmvcr. Thi�a+,igi�nicnt oi rent�cnn�titutrs an abs�ilutc assignment
<br /> ''� , :tnd not an�ssignmcnt tor:cdditional�ccurity unly. �
<br /> ' �� ' '�=:=`y�.'�- lf Len�cr�;ives nutice ui breach tn 13�urawcr: 1u►all rcnt�rccrivcd My N�tirrutvcr�hatl he held hy Narrower as trustec
<br /> � `''� " � for benefit of Lrnder nnly.�u tx applied t��ihc�um��erured t►y the 5ecurify lntitmment: �b)L.rnder shall be entitted to
<br /> . ,.,���'��:.._.
<br /> ' cnllect and rereive nll af thc rcniti ot'the ProJx�rty::�nd(c)rach t�nam��1'�h��}'ruprny.hall pay s�ll rcntc dur and un}x+id to
<br /> -- - - -, - - Lender or Lrnder's agcnt on IA�ulrr:utiucn�kur.�nd tu thc tenaut. �
<br /> . ' Borcower hati not executed any pti��r;iv,i��n�en�ot the rems and has n��t:u�d will not pertismi any act that woutd
<br /> ' . • , prevent Lendrr from exemisin�;itti rigl�t�under thi.Farugrapl��fi.
<br /> ' Lendcr shall nat hc reyuired tv rntcr'up�m.Iail:c cuntrol of or m�ini�in thc PropcAy �+efnre��r after giving notirc�.f
<br /> � � . breuch tu Burcower. Nuwcvct.Lrnder ur u judici:tlly appointed receiver muy clu s��ut an� time there i.a brcach. An}�
<br /> • . : ii, . appltraHtfn af rents shatl nut curo ur w:dve uny dei'auf�ar�nv;+tida[r atfy athcr ri�b nr remed�:of l.endcr. 't'his assignmrnt
<br /> " ' � , oE renis of the Yroperty shall terminate when the debt tiecured by che 5ecurily lnstrument is�::d in full.
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