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<br /> �' --••- ` ' ' - . � � �a'�r.ti�ever� . .
<br /> = - =: - -—�- ��a�fi�l�t�t°.-Ang_t.� �
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<br /> � �ayn�ats.�vhxlrir�e`te'aied�o ti► inde ted�ic�s uoder t6e Ncce�nd this Secarity Insauaient shalt be to the eadty � - _ — .-
<br /> , � an�aant te�ui�ed ta P�Y��g - ,
<br /> . Ieaall emtled thecetv : '' '
<br /> � F� Lender may colkce fas and d�uges authorized by the Secn�c�t}'• � <
<br /> . ! Ge+owis t6e�d�� luioas issucd by t!x�esretuY ia tbe c�e af psymeat defaulta.
<br /> (a)Oef�k. l.ender a�Y.except�i�nitcd by reg�
<br /> . ' • = :e q a i�c unmedia�ep�yir�a�t in€ull of a�l sum�secuted 6y this Secusity Insttument i� .
<br /> (�)Bartov�reer d e fautts M►faTiag w`pa�r'm fuIi su�y ntoctd�i�paYmen�requi r e d b y t l s is S e c u r i s y I a�a t R t o� .
<br /> � w or an the due dxe af theua�t montn�Y P�Y��a -
<br /> _ (ri)gorrowa defwh�by hilmg,far a period of tEurty days,to perfam auy odxr obGgatians containcd in this� � . i
<br /> � � ��tO'��' �cabte!aw and with ihe val of the
<br /> ' (b)Sak W�a�!t:treiit A�al. E�er�der shall.if prnniuod by appl' ih prior aPI�
<br /> . SocretatSr.ie4aQe�artn�i�PiY�ia tuq of aU the sums securrd by this Securiry Iasuuaxnt�f:
<br /> � (i)M a part of the Ptop�nY.ar a 6�ficiai�"��a mut nwning ali a pait of the Propeisy.is sold or
<br /> . . . dbe�aisc traasftmd totiies dun bY devisc or descan)bY the Bariuwer,aad .
<br /> ra
<br /> ('ii)The PiopettY is aot occupied by the putch�ser or 8►antec as his ar het principa!tesidetrce.or tbe pur�haser
<br />_ • oc ganue d�xs-so occuPy the Pt�e�iY-I�t.his or her cnedit h:�s not bee�► approved in accordance _ _.__- - - ---_
<br />-- wid�the�qaimnents of We S�netuY• L.ender to reqoue immodiate in fuil.but[.ender
<br /> (¢)Ko Wai�a: If�accar t6at woWd permit P�Y�
<br /> ����y��y�.�t�S not wais:.e ia rights vQith�espect�to subscquent even�I limit i.ender's — =
<br /> -- -- (d)Re�tio�e d HU1�Secr�r�t In manY�-'�`�es regiilations issued by tE�e Sec�etarY, � — -
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<br /> _ . � rights.in t h e case o f p A y m rn t d e f a u l t s.to r e c�uuie nnva�diate pay�u ia full and foreclose� not paiA. 'l'his �+_-
<br />—= � Seaa�iry Iastin�nent daes not authoriu acceleratton a f�:a��ist�ne if nat permitted by.regutatio�s af the 5aretary• � _
<br /> : ��:-
<br /> - - (t)�p�e rto�Ie�red...Barnwer ag�ees that shuq��ts-5 Secuai�Y Instcument an�d t}ie rtote secur�ed thereby not _�,.
<br /> ' be digt'ble far insutat�ce�mder the Natiorrrl Housi»g Ztci'withitf 8 �ODths ` ' from the- �
<br /> `� 9. ire immediate payment in __
<br /> - `dste[saeof.l:ender inay,at its aption and notwithstand�ig anYthing in Patagraph rary �,
<br /> full of all svms socttnd by this Security Instnunen� A written statement of aay aathorized agrnt of the Secntary � ���_
<br /> . _ dated subsequent to 8 niont hs ' from the date itereof.declining to insut+e this Security ��'�-�';;::'
<br /> � Tnstrumeat apd.the nate secared the�ebY,sha}4 ba damed conclusive praof of such_ineligibility. Notwithstanding ��,'��_�_
<br /> �;:�`_'�.-;
<br /> the fongoing.this aption maY n°t be exereised by Lender w hen t h e unavai la 6i li t y o f i n s u r a n c e i s s o t e l y d u e t o .,
<br /> ."A:-,�::�
<br /> � ..� Lender's failure to temit a moztgage insurance pr�emium tu the SecretarY•�: P�Y� ` .;-•�� � .-
<br /> 1b ReinsdUemen� Borrower has a right to be teinstated if l.ender has re �mmediate t in fnll because '�,�_�r;;r.�-�-
<br /> �.�+`:. of$orrower's faiiure to pay an amount due under tl�e•Note or this Security Insuument. This nght ap�lIes even after f ;:�:�_;_:._
<br /> �'?; foroclasuie proaeedings are msrituted. To reinstate the Security Instrument, Borrower shall tender m a lump sum all �.a%=.t_�4,��
<br /> � - amonnis:rquiteA to bring Borrower's acebunt current iucluding.to the extenE they ace o6ligations of Bocrower under this =� ' �
<br /> ..„ e
<br /> . ,�.', Sec�uity Instrumeni,focectosure costs and reasonable arKf customary attomeys'fees and eapenses propetly associated with •r . r-'�
<br /> .� t1k fcxeclosun proceeding. Upon reinstatemern by Barrower,this Security_lasaument and the obligations tha�it secures
<br /> n�-- sdal��eanain in effect as�f L�endet had not reQuired�mmedtate payment in full. However.l.ender is not requtre�ro Qeanit • ,-:<
<br /> t ;f , s�>�:cre e� •� : r,: , .
<br /> �� • �'ement if: (i)l.ender has accepted reinstatement after the wmmencement of foreclosure procxedmgs: � 4 d�,.
<br /> > years immediately preceding the commencement of a current foieclosure proceeding.(ii) reinstatement,anll p�c�a�e , 5�� �:..
<br /> `:�`'�"''=�'='�'�' � fanclasure on different grounds in the future.or(iii)reinstaiement will adversely affect the priority of►�e Tien created by %;�'
<br /> ` -"�;`A , .,.�;•`; this Security InstrumenG � °-
<br /> __ . ���.�n�`�� ll. Borrower Not Rekased; For6earance by Lender Not a WAiver. Extension of the time of payment or� :.
<br /> i�;-, .�.
<br /> modification of amortization of the sums secured by this Security laswment�nted by Lender to any successor in�nterest ��.
<br /> � `� �• of Bonuwer shall not operate t�a release the liability of the oripr:al Borrower c�r Barmwec's s:rcessor�n interes� Lend..°r ____
<br /> ��� �r shaU na be required ta comrtce�ce proceedings against any suecr.°ssor in interest nr refuse ro extend time for payment or `.,�. :.: �•'_
<br /> ' otherwise modify amortizaaan of the sums r,ecured by this Secariry Ins�rrr:nt by ma�on of any demand made by the �• • ~�..a�"_
<br /> ' original Borrower or Borrouer's successars in interest. Any forbearance���w'�der in exerc�smg any right or remedy shall t,`.A ' " ;__
<br /> not be a waiver of ar preclw�t�,�:exercise of any right or r�emedy. ' - , � ,�. -
<br /> : ..,�V . 12. Soccessors and A�Bound:Jdnt and Several Liabifiti:�-5ig�ers. '[���covenants and agreements af . � y _
<br /> � this Security lnsttument shalt bic�and benefit the successors and assigns af L.ender and Bcr*ower,subject to the provisions -: i�, =___
<br /> ' `r. .�,x�� � of Aaragraph 9.b. Borrawec�covenan�S and agrcemcnts shall be jouat a.d several. Any Barrower who co-sigas this _ = ._
<br /> _ � _a
<br /> '' �.t�� - Security lnstrument but dces nat eaecute the Nate: (a)i�r co-signing th6�S�:urity lnstrument anly tv martgage.grant and �
<br /> `'"` �"�'"� 's..�� convey t hat Borrowcr's in t e r e s t i n t h e P r a p e r t y�c n d c r t h e t e r m w o f t h�s S e c u r i x y I n s t r u m e n t;(b)is not p e c v+��q y obli gated to � � �
<br /> � pay�e sums secured by this Security Instnrment;and(c)agrecs that Lende:and any ather Hoaowcr rn��agrec to extend. � '�,'.�:=s;��w`
<br /> ' forbear or make any accommodations whh regard ta tE�terms of this Security 1�strument or the Note witt�ut that �• �
<br /> ma�Cf.�`• . � -
<br /> . . ;±� ;�- Borra-�vcr'sconsen� - . `:��--�`�.-
<br /> ' �• 13. NoNce.a. Any notice ro Horrawer provided far in t�his 5ecurity M�trument shall be given by delivering it cr by ':..�-.•'
<br /> ''''`° •�'• �� mailing it by�rst dass mail unless applipble law requires usc of another mcthad. The notire shali be directed to the ` �,
<br /> ,�,.�,�.
<br /> �!�,. ;- ,' Ptoperty Address ar any other address Borraw�dcsignatec by notice ta Lcnder. Any noticc to l:ender shall be givcn by E . :.
<br /> . is},r:!.� first class mail to Lendcr i:address stated hcrein ar any address Lender designates by na�icc to Borrowcr. Any notice i
<br /> ��•. �•- _ �sovi de d for in t h i s S e c u ti t y l n s t r u m e n t s h a l l b e d c em cd ta havc becn givcn to f3arrower or l.cndcr whcn given ay provided � ,
<br /> '.t�:. �»th�s paragraph. � , .
<br /> 14. Governing Law;Severab i l ity. T his Sccuri ty In�trumcn t s ha l l t x g av c m cd b y Fcdcral law and thc taw of the , ,
<br /> _ jurisdiction in which the Properiy iw(ocateJ. ln tho evcnt that any prmision or clausc c�f this Security instrument or Ihe �.
<br /> Note con f l ic4s wit h app licu b t e lrw.suc h cu n i l i c t s h u U n o t:s f f e c t n i h c r p r o v i�i o n ti a f t h iti Securit y lnstrument or the Note � .
<br /> �. which can be given effect without the conflicting pravision. Tu thi.end the prnvi�inns i�i this 5ecurity lnstrument and the
<br /> �r Nate are declared to be severabte. � � .
<br /> �' • 1S. Bor�ower's Copy. $arraw�-r shall be given one cc1nformrd c��py of thi�+Security Instrumem. r • .
<br /> � ''�� 1 6. A s�p f in e nt ot Rents. Borrower uncopdiiionaliy as.rign4:ind transfrrv ta l.cndcr all thc rcnts and revenue!�of the
<br /> �-;. ...����•.' ..� Ptoperty. Borcower authorixes Lcndcr ur l.cnder's:�gents t�coltcct thc rcnt�an d revawes nn d hcre by d irec tv c ar h t e n a n t o f z ..,. ,
<br /> • ' ' the Property tn pay thc rentw to l.cnder or Lenderti agcros. Nowever,priisr to l.�nder's natice tn Bnrmwcr of Bnrrnweri: .
<br /> �� .. 4;.. . breach oF any cavena�tt or:�greement in the Security In.trument,Horr�wcr tihall c�illcct.ind receivr�tl rents and revenues of `:
<br /> � "'..•: '{=": �' the property as tnutee for thc benefit of txndcr and H�rrowcr. 7'hiy a.�ignment��rents eonstitutcr an absolutr a�signmcnt ; :
<br />. . ?��;�-� �' and not an assignmcnt for�dditianal securiry onty. �
<br /> ' °� if Lender gives nalire of brearh ta$nrrawcr. (al all rem!�rcccivcd 6y 8onuwrr,rhal)be hcld by Botrowcr ay ttustee ; • , :
<br /> _ _ . '.. . _far ben�t of Lender only.to 6e npplied to�he sumt secured by thr Security ln�trumenr,(b)t.rndcr�h�ll t+e entitled to .
<br /> ' � � coltect and receive all of the rcnts nf the Praperry:artd'(c►each ten:int nf the Properly�hait pay all rcnts due and unp�aid tv � ; • .
<br /> • ' � L.ender ur Lender's agent on Lendrr's•written demand to the tcnam. . •
<br /> ' � ` Borrower ha�nat eaccnted:�ny pdor s�ssi ent oi thr rents;u�d h:is nut:,nd will not �erform:u�y act that woutd . ,
<br /> � .,. � `'� prevent Lendet from exercising its rights uader is Par�graph 16. ,
<br /> ' � Lender sha11 not be reyuired to enter vpon:wkr control uf or rnaintain thc i�ro�erty het'urc nr a(ter giving nntice of :
<br /> ` � 6reach to Bam►wer. However,Lender or a jud►ri�lly apQointed r�ceiver mny�to so at su►y tune there is a bresr[�. Any ;
<br /> __ � ' " � application of rents shall nw cure or waive any def:�ult or rovalidate:u�y other nght or remedy of Lrnder. This:usigam�ent
<br /> __,--_ _ . . .. .-= 61'r�nts af the i'roperty sfiali ttm�rntr wlirt�the sie#st sceurcd 3sy thc 5rc:srity t�+tnsm¢��paie!ia fetll. __. - _..._.Y.:�--.--
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