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<br /> _���.��� ° ��;��,s, ' 104146 .� �
<br /> �ia:a�i�°�,�"M.�``�;�n. 9L�
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<br /> -,�1��►��!C3�'`��,.� i:,,v
<br /> ,:��,�,,,�; .., pr�yments,wMch aro rcferred to in Paragmph 2,ur chango Ihc amuum uf�uch puymems. My exccsa proceeds over an
<br /> ,���_..�.-���--�, artwunt�q ulred to pay all outstanJin�indebtcdness undcr thc Nae and this Securlty Insuument rhWl be peid to the enliry
<br /> '�'��^: '`. le��ll entidedthereto.
<br /> �.•�S'.•..+ra.r Y�:
<br /> ��:;`�'p'�,-._._� ,,,,,� �. Feea l.ender may collect fees und chu�es authoriud by the Secrcts�ry. �
<br /> .�.R .._.•, •,, . , 9. Grounds Por Accekmlion u�Debt.
<br /> '•� , ,,;,,.:. ,�.�;,;.. . IA1 Detaul� I.ender may,except ax IimiteJ by reguluNun�i�sued by thr.Secretury in the cure of payment defa�dtq, ___ _--
<br /> �;��F?�..._.;_,;�;;a;� ,.;-: requiro immediate payment in full af all sums recured by ihiK Sccurity Inwtrumen�if:
<br /> •�. ,, (i)Borrower defnulta by fuiling to pay in Pull uny manthly puyment rcquired by ihia Security Incwment pdor _
<br /> ,�*�%==rR��.; to or un the due Jate uf the next mamhly puyment,ar � =r= _-
<br />_ =�`'':;�:_..:�.,�.:�. (ii)8orrower defaultY by fniling.for�penad of lhiriy duys.�o perform Any ather obligAtiona conlained in IhiK —
<br /> - =`"-"`'''"'`=--• Secu�lty Instrument. ---
<br /> ^�� •���,; ' (b)Sale Without Credit Approv�l. l.ender shall,if permilled by upplicuble law and with the priot npprovol of th�
<br /> --+��`�'X;�-���-•� Secretary.require immediate paymeot in full of all the�ums secuned by this Security lns�rumem if: _
<br /> � � • • � '�t (il All or purt of the Propeny,or A beneficial intereat in a trust owning All ar part af the Prnperty, i+xold or
<br /> � , ; ,.. . : otherwise uunsfemed(wher than by devise or desceny by the Borrower,and
<br /> �y.�;a�,��;,., ;_,.,; (ii)Thc ProRetty is not occupied by Ihe purchx�ror grnntee a�his i�r her principul residence,or the purchuser � _ ____ ___._,._
<br />-�=_--• i..` � or rnntee daes su occu t he P ro n b u t h i s a r h e r c r e d i t h a s a o t b e e n a p p ro v e d i n n c c o r d a n c e
<br /> �.• � . �..:• 8 PY PQ Y
<br /> "�-''�s��"t°�?��• wi�h the requirementx of the Secretery.
<br /> ,�.,.�....�.
<br />.---�= (c1 No Walver. !f circumstonces cecur thut would permil L.ender ro require immediare ps�yment in full,but Lender _
<br />-`=`w�'�'°�r`x^��`�=���' ' does not require suchpayments,Lender daes no�wnwe its rights with respecl to subseyuent events. _
<br />---�� ' (d)Re�uatfons of HUO SeeretAry. In many circumstances�egulutions�ssued by tha Secretsuy will limit Lenderk _---
<br />---'�_� �•�� rights, in the case of payment defaults, to requirc immediate payment in Tull and loreclose �f not pAid. 'RiiK E.,��
<br /> -= • .
<br /> _ ' ,�;•.,�:,� Securily Instrument dces not uulhoriae accelerauon or fareclosure if not pertnitted by regulations of the Secrctary. -
<br /> + s" " (el Mortgage Not Insured. Borruwer agrees that rhould this Security Instrument and the ncrie secured thBreby not �., _ -�- _
<br /> _;n,'� . � ` �.�-, be eligible for insurance under the National Hausing Act within �g month� from th�s '��
<br /> . � � � ��'
<br /> � date hereof,l.ender mny,ut its op�ion und notwithstunding unything in�nragraph�9;rcyuirc immedinte puyment in �.;_
<br /> , � full of all sums tiecured by this Security Instrument. A wriusn+tatement of uny authorized agen!of the Secretary -.__
<br /> � ' • � dated subsequent ta fram the datc hereof,declinins to insure�hi�Security --
<br />_ S S mo ths
<br /> Instrument and the note recurec�ihereby,tihall be deemed conclu�ivc proof of such ineligibility. Nawithstunding ,..y;,;
<br /> � ° the foregoing,thiY aption muy nat be exercised by Lender when the unavailubility of insurance is ralely.dua ro �'�';�'�•"='_`
<br /> - l.enderti fuilure to r+emit a moriguge insun�nce premium to lhe Secretnry. �„---.__-
<br /> - • 10. Reinstalemeot. Bo�rnwer hus n right to be reinstuted if Lender has required immedin�e pnymcnt in full becuuse � _•_-_-�_.
<br /> ' :.,`;:�.:; -
<br /> � �•� of Borrower's failure to pay nn amau�t due under the Note or thix Security lnslrument. Thix nght applieti cven After �,__��
<br /> ' foreclosure praceedings are instituted. 'Ib reinstate the Security Inxtrument. Borrower xhall tender in u lump sum all _ _
<br /> ,;.,,;;. :_ amaunts required to bnng Borrower�account curtent including,to tha extent they are obli�ations of Barrawer under this ----=-_-
<br />-. Security inswment,iorecioxurc w.i�a�id�cu,uoabia and cuctamary attomcys'fee:snd expenses properly s.ssac':ated with =-�---- __-
<br /> ....
<br />_. _-_ _
<br /> the foreclosure procceding. Upon reinstatemont by Borrower,this Security Instrument and the obligationa thnt it secures ���+''=�__
<br /> shall remain in effect u.s if Lender had na�reyuired immediute payment in full. However,Lender is not required to Permit _ _
<br /> �° reinswtement if: (i) l.ender hax uccepted rcmxtutement after the commencement of foreclosure praceedin�s wi�hm two �.��._
<br /> . years immecfiately preceding the commencement of a current foreolo�ure proceeding. (ii) reinstatement w�ll predude -�.-.�:,,Y„Q._J
<br /> � foreclosure on differem grounds in the f'uture,or liii)rein.wtem�n�will udvenely affect tha prioriry of Iha lien creuted b�• • �----
<br /> • thisSeeurity Inslrument. e '• ��' -'���•'-
<br /> � I1. Borrower Not Released; Forbearance b� Lender Nut u Waiver. Extcnsion of the time of paymem ar �' ^ <,x;Y�.•�:-
<br /> � ° " modification af amonitation of the sumx secured by th�.r•Scrurity In.r•trumcnt gruntod by Lender 10 uny succ�ssor in mcerest ' y:i: "`. '"�--'".
<br /> � ' of Borrower shall not operute to release the liubiliry of the ori�inal Boreower ar Bnrcowers xuccessor in intorefit. Lendcr
<br /> •• shnll not be reyuired to commence pra:eedings Agum+�uny succe�tior in intcrest or refuse to extend timo for payment or , .
<br /> �' • .��? otherwisc modify umortizntion of the zums secured by this Security Instrument hy reuson of any demnnd mudc by the
<br /> `� � original Borrower or Bormwer's,ucressorx in inten:st. Any I'orlxur,�nce by l,cnd�r in exercising nny right or remedy xhall ..,:,���.,,. -
<br />� ' nol be a waiver of ur preclude Ihe excrrisc ot'any right or remedy. ==���m---
<br /> • 12. Successors and As.Ri�ns Bound; Joint and Several I.i�biUty;Co-SiRners. 7'he r�wenunts and aFreemcnts of `'"�,%�;_•-
<br /> �1;,.�.....
<br /> this Securiry Instrument shull bind rnd t►enefit thc tiurcesxnr+and u..itin.of Lcndcr anJ Bt►rruwcr,.ubject to thc pruvi+inn, •• ..,�:. : „-
<br /> � of Purngraph 9.b. Borrower's cove�ants und ugreementti ,hall tx:join� und ticvcrul. Any Borr��wer who co-s�gnti this ,,,.,,*,,-�-
<br />, : � Securiry Instrument but dces not exrcuto Ih�Note: (u)is ci�-rigning�bi�Security In�trumem only to rrwngage,grunt und '.��,^y.,�. '
<br />''.'.•�• , convey that Bormwerk in�cresl in thc Pr��peny unJer the tcrms ot'thiti Serurity In.trumrnt;lb)i.not�xnonally abliguted to � -�t==r•.
<br /> � �''� puy the sumx serurcd hy thi�Sccuriry Im�rmn�:nl:and(c)agmc.that LcnJcr and uny olhcr R��rrow�r muy agree Io cxtend. �'�Y" ��r�.
<br /> �;�'�,: � � � �" modify,forbear or muke any uccommodution+with rcegarJ to the tertm of�hi4 Security Imtrumcnt or the No[r wi�hout�hat ";±:•�`�*�,
<br /> � . �s:;� ,. .�._�.--
<br /> - : ,,,� Borrower�comen�. '°::•:r�"-,'`;.�-
<br /> '� ` 13. Natices. Any nolice to Borrower provided for in ihi. Scruri�y In,trwncnt +hall t�given by dclivering it or by . ,� ^
<br />� mailing i[ by first rlu+� mail unlcs.upplirablc luw rcyuirr�u.c u(unuthrr mcthcxl. Thc noticc tihall bc directed to thc
<br /> " ' ° ' Propeny Addrc+s or uny other uddres.B�xrowcr d�+ignutc.by nutirr tu Lrndcr. Any notirc to Lendcr shull be given by
<br /> firct cluss muil to Lender's addmti� .tutcJ Ixrein ur any aJdm.� Lcmirr dc�iEnatc, hy no�icr to B��rrower. Any notice
<br /> provided for in this Security In.�rumrnt+hull Ix�decmeJ ro havr Ixcn Eivrn�o Horr��wcr or l.enJrr aficn given us provided �
<br /> ' '� In this parugraph.
<br /> 14. (:overning Law;ticvcrabilitv. Thi�Srruri�y In+uumcnt +hall lx �:u�em�J hy Fedrral law and the law ol'Ihe
<br /> jurixdiction in which Ihc Property ix kxa�rd. In the��•rn� ihat uny pruw.iun ur rluu.e ut �hi� Srcurity In�trument ur the �
<br /> i .. Note conFlic�s with up�lirublc luw.wnc��mllirt tihull nu� uffcci othrr pruvi�iun,ut�thi+Srcurily In�trumcnt or Ihr Ni�tc �
<br /> which can be given eitect withow thc r�►ntlirtinE provi+ic►n. 1i�thir rnJ�he pruvi+ion.uf ihi.S�wuriry Intiwmcm and Ihc ► .
<br /> � Note urc derlurcd to ix�everoblc. �
<br /> I5. Borruwc�'s l'opy. Borrowrr.hall Ik�iv�n onr�onlimncd rupy uf thir+Sccuriry Imtrumrnt.
<br /> . 16. Assi�nment of Rents. Borro�ver unconditiun+dly a+.i�n+and Irun.fer.to I_endcr all Ihc rrnt..md re�•enucs of thr
<br /> � �• . Property. Bortower�uthori�es Lrndrr��r Lender'.agcnt,ti�cul I«t Ihr rent�and re���nur,anJ hrn by Jinrt+eurh�en:mt of �
<br /> the Property to puy tix rrnts to Lcnder ur Lcndrr�i�gcnt.. Huu•r�cr, prior to LenJcr�nutice to B��rrawrr of Borruwcr�
<br /> brcarh uf uny roven•rnt<ir u�rcrmenl in the Secuntv In�tnimcnt,liam�w•rr+haU c��llrct and r�r�ive ull rcnt�and revenue�ut'
<br /> the Pn►peny us In�+l�c fur the Fknrtil uf I.endct anJ B�,rn,u•cr. Thi.a..ignmcn��►f mnu ran.titutcs an ah,o!ute a,.ignment
<br /> and not:ui as+ignmrnt litt udditiunul�ccunty unly
<br /> It'Lrndcr Eive�nntice of hmach tu Harn�u�r: �a►:dl irm.ncci�•rd hy I3�,rruwrr+hall Ix hcld hy Hnrru��rr u.tru�ir�
<br /> . .... .�_. _.a �....w.. c.......:... 1«.�..........�• �{.� 1.....1..� .1...11 h.. ..n�itl.�d�.�
<br /> ---.--.'— IOf OCftClll l/l LCIIUCI ��I11)' ' �.. F N: � ..•."' ••• • .• ••� •••�• .•••••• •._ _••••••_ .-
<br /> IV lIC t1) ucu�ar���1 .�ui�ia. .� .
<br /> coU�tt unJ rercivc uU��f'Ihc rcnt�i►t�thr Pro�ny:and lrl carh�trn:un al tl�r F'n��n�,hull pa��all rrnt�dur;uiJ unpu�d a�
<br /> Lcndcr or l.cndcr;agrnt on Lrndrr�w�riucn drmanJ a�d�c trnam.
<br /> Bom�wrr hati not rzccwcd uny prior a��i�nmcm ut�Ihc rcnl,unJ ha. not anJ µill n�,t Exrti,mi ;my �rl thut H•auld
<br /> pmvent LcnJcr fnim rx�rci�ing it�ritihl+undcr Ihi.PuruErc�ph Ih.
<br /> LcnJcr rhall no1 tk reyuircJ to rmcr upim,t:il�r ranlr��l uf ur m:unlam �hr I'ru�xny t+rturc ur aucr�ivm�nuhcc of
<br /> hrcACh lu Burn►wrr. Huwcvrr. Lender ur a judiriully ap�►uintrd rccri���r may do,�,at any umr th�rr i.a hrrach. An�.
<br /> .�pj.li:atiati.�i r�tti.. ,ltalS ncit.ure or::ai':C::tt;;dcCat�h r.r ir.�:tli�i:tU.•�p� �,�h.•r ri�.h���r mnu•J���N 1�•mlrr 1'hi.:�..irnnwnt
<br /> ol rent�of thr 1'm�xny.hall Irnninatc ahcn�hr J�hl,crurcd hy thr 5rcunty Intiirumrnl i.paid in full.
<br /> qwer+,�I�r�der,�
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