|
ac�'i aas,:---;�: ' - _ _ . . . . ; . ^_:_
<br /> � Y� 'k} Y+�' ' .—
<br /> -C- `" . 'F _ _"_.' ' �b' _' "_ _. .1�'+-'�"t_ '
<br /> r,':��.::.,,Vi �- - - - - - ..�__�__� _ : - --
<br /> �t4�.!-�^� .r� ___- . . _ ; � . ' , = ` - -. - ,
<br /> . ` � ; ; : .. ' . . , -. . _- „ . Z��E1�� ' =
<br /> pa�rsrc�ts,whici�ate rete�ed to in Par��c�tbe amatau of ancb p1Y��y��P��� ` ,
<br /> a�soYat ieyais�d w A�t a11 au�t�� . �i6�IQate a�d this Savtity instrume�ah�il 6c piid w t�endtX . .
<br /> mritledtbetew-. •
<br /> � " . !;Ge+erwi�ter�dp�•��`���• , . . � '.
<br /> �ssucd by the Secnetary in the cue of p�ymau def�its.
<br /> _ . ���qaue�'imenedi�te WYment���limited by regulstians' -
<br /> in fuli of ilt sunu sa�uned by this Sec�uity lason�mcnt i�
<br /> . _ (i)Batower defwlts b�r fiilin8�P�Y�fal}�►y monWiY WY�ro9�����Y�P�
<br /> ' ta or on We�e ditt ofthtn�ct monthIY P!Y�•� ,_
<br /> �_ , , f n)Bo�mwa defialts bY f�ilin8,Ear a pertad of ituttY da9s.to.perfarm any other abl�ganoac oonWned m tlus' .
<br /> Iro�aneat.
<br /> , , @��(,•r�t•MproyaL Ltndtr si�11,if petmitte�by applicabfe law and with tLe pria approvat of tl�e
<br /> �y.�qui�e irmnedi�te ptyment in fuU af nU the wa►s secuced by this SesuritY(ttsuument if:
<br /> . (i)�1U a pnt of the y,�or a ba�eficial intet�t in a uust owniag all ar�actnf tLe Pcope�ty.is sotd or
<br /> . _ othavvlsE ua�fe�d(ot�th�n bY devise ar desrsot)bY the Basawu.and -
<br /> . (ii)'[h PtupejiY is not oav�i�bY the Pucrh�er a�ant�as his or txr principat residence,or ihe purchaser
<br /> � g��ee does so occupy tbe Propeity but lus oc her ctedit fiag not been app�ovod ia aacord�oce
<br /> �ritA tbe tequitements of tbe Sa�Y. `
<br /> -- (c)No Wiirer: {f cincwns�es occur that woutd pecmit Lender`to require immediate payment in fuU.6at Lender
<br /> � does aa�oqui�e suchpaYments.j.ecyder does rat waive its dgt�ts with�espect to subsequent events.
<br /> td)�of HUD Secntas9• in manY�negulatioos issued by the Sa�etary will limit Lender's '
<br /> rights. id tbee case of psyment defaults,to re�uin immediate payment in fiill and fonclose if not p�id. This
<br /> Soc�uity Insa�ument does not authoriu acceknt�on or fatecWsuie if nat permittod by regulatians of tbe Secntary.
<br /> (e)11loeti�e Not Lnued. Barowu agnxs that shouid this SocuritY 1'nsaument and the nae sa�ued the�eby not
<br /> be'eL'gible for insutsu�ce under tbe Natiao�l Hatuing Act witlrin 8 111oattls - ' � ,ft�om tbe •
<br /> d�e hiereo�Irender may.at iu optiaa�d rtatwithstanding anythiag in Pazagr�pb 9.trquict immediate pxyment in -
<br /> - _ ` fuU of all sums sxond by'this Socurity Insirument A written statement of any authorized ageat of tUe Sectetary
<br /> -�, � dated subseque�rt to 8 111ontha from the date heieof,declining so insune this Security
<br /> _ lnsuume�t and the note securod theneby.shall be deemed conciusive proof uf such ineligibitity. Natwithstanding _
<br /> .- '" tiie foregoing,fAis opt[an may nos be exereised isy Lender wfien the unavailabiliry of�ins�uanrs is solety due to
<br /> Lendes's failure�to n�nit a mortgage inswance pRmium w the SecnetarY• ������ —
<br /> lb Reioetsteaunw Bomawer has a right to be reuistated if Lender has reguired immcdiate paymen ,
<br /> '- of Borrower'� fa�'lute to pay an amamt due under the•Note ar this Securiry lnsuumen� 'I'his right apPiies even after
<br /> ' . f�Closu�e proceedings are insbtuted. To reinstate the Secutity lnstrumen� Botrawer shall tender in a Iump svm all - -
<br /> �i�aunts roq�uted to bring Bc�rrowec�s account cuRent ineluding,to the extent the}��.abligations of Borrower u�stet tAis
<br /> . • Seauity Instrument,foroclosjtte costs and nasonable and cnstomary attotneys'fees an�expenses praperty associated with ,
<br /> tf�foieclosure pmceeding. Upon reinstatement by Borrower.this Security Insmmient and the obligations that it sceunes . _
<br /> s�Q temain in�ffect as�f l.endcr had nat c�quired�mmediate payment in full. However.Lender is not required to permit —
<br /> se�a�xnt i� (i)Lender has accepted reinstaument afCer the commencement of foreclosure proceedings v�nthsn two
<br /> . yeais imme�iately preceding the commencement of a current foreclosure proceeding. ii reiristarement will proctude �--'
<br /> faeclosu�on different grnunds in the futare.or(iu)ninstatement wii!adversely affect the prioriry of tho iien created by �.�.._.
<br /> i,. �his Security L�suumen� �- • .,°-_�`�—�
<br /> � il. Borrowa� NM Rekased;Forbearaace by l.ende� NM A WAirec Extension of.the [ime of paymenf m =�=f�,�:�.�,:,�,�
<br /> a
<br /> � modification of amortization of the sums secured b this Secod Insuument ted h Lender to any saccessor in interest -?• : -� �--_ '
<br /> y tY S� Y :.�.�,.�.�
<br /> -�' of Barrower shall not operate to retease the liability of the arig�nal Harrawer or Borrower's•successor in interesK. Lender � Y�.� . -
<br /> � shall not 6a requircd to commence proceedings agamst any successor in interest ar refuse to extend time for payment or .• ._
<br /> otlxrwise madif amoRization of the sums r+ecuted by this Security instrument by reason of any demand made by the . ::�'�"���
<br /> ' ariginal Borrower or Borrawer'.s successors in interest. Any forbearance by Lender in exercising any right or remedy sha11 - ''���'_-°'__
<br /> _ nat be a waiver af or preclude the exercise of any right or�emedy. r�';=":�:,
<br /> ��. Successo�s and ps�n.g Bound;Joint and Several Liabitity;Ca5igners. The cuven�ts and agreements af < �;.:-s,��,-
<br /> , , this Security tnmument shal!bind and ben�t the successors and assigns of l.ender and Bartower,subject to the provisions •: - , ''.
<br /> af Paragraph 9.6. Horrower:s eovenacets assd agreements shall be joicma and several. Any Borrower who casignc this . �• _ ::
<br />:; Securiry Instrument but does noi exerute the i�iote: (a)Is ca-signing this Security Instrument only to mortgage.granc and ,� ; .•_
<br /> c�nvey that Horrower�interest in the Property under the tems�of thiv Security Instrument:(b)is not personaUy obligated to , ���r;,�_'
<br />__ pay the sums secured by this 5ecurity Instrument;and(c)agrees that Lcndcr and uny other Barrower may agree to extend. +�:�
<br /> " mod�fy.forbear vr makc any accommodations with rcgard ta the terms of this Secu�ty lnstrument or the Nate wuhout thut ._�_:='
<br /> Barrowcr'sconsent. � ��`f�'�r'--
<br /> 13. Notices. Any notice to BorroweE provided far in ihis Security Instrumcnt�ha l l b e given by d elivering it or by � {° _
<br /> J.lY
<br /> ,- ,�- mailing it by flrst class mail unless applieable taw requires use of anather methexl. The nntice shadl be directed to the '` .:r�,�„_;
<br /> property Add�+ess or any Mher uddress Borrawer designw.es by notice to l.endcr. Any nnticc tn l.cndcr shall be�ven by �'�'R'�
<br /> fcrs�ciass ma�l ta Lcnders addmss s�ated hereia csr an��address l.cnder designatcti Ay naiice in Borrawer. Any notice � �•��,• ����
<br /> ' provided for in this Security Instrumem shAll be dcemed to have bcen gi�en to Borrnwcr or l.ender when given as provided : : �
<br /> �''<� in this para�raph. ` � .. .
<br /> ___ .__ 14. Coverning Low:Severa6illty. Thi:.Securiry Instnimcnt�ball he govemed by F'edcrul law and the taw of the . . , . •
<br /> 2urisdiction in which the Property is Incated. In the cvent tBat any presvisian ar ctausr nf this Sccurity instntsr.ent ar the - - - - �- :
<br /> Kote conflicts with t�p�licablc l�w. such conflict shall nc,t affecl other pravi�ions of'this Security tnstrument oF t:�e Nate :
<br /> � . � ` v►•�tich can be given effect withuut the cunflicting proti;cioa. 'fn this en:t the��r�wi�i��nx��f thi�Security Instrumenz and the
<br /> � Note are dectarcd to be severahle. � ,.
<br /> 15. Boerawer's Copy. ��m+wer shaf{be given on�ca.^.fcmncd ci�y uP this Security In�uument. , •
<br /> � 16 Assignmenl ot Rents. Batrawer uncortditionally a�,i�;n�and trnnsfers tu Lender all the rentti and revenaes c�f ihe . , ,
<br /> Property. 8otrowcr authorizcs l.cndcr�u I.cnJer y agcntt tu cntlect thc rent�and r¢vcpue�imd hereby directs cach terrnnt vY , � , .
<br /> ' ' � ' � ihe Properiy to pay thc rents to Lendcr��r Lendcr's agents. Nawevcr,priur tc�Lcndcr�nmire tu Hurrowcr of S�z:rower: . -
<br /> ,.-..•:_ , .
<br /> . #���� breash c+f Any coven:urt ar ugrccmcnt in thc 5ecurity ln�trumcm.Borrower sha11 a�ltcct and receive�II rents and re��cnucs nf
<br /> . �"�';�,:��, the Property s►s trustrc far thc trene�it of Lendcr and Harrnwcr. Thiti.is�ignment��F rents c��nstitutcs an at+u�lute:issignment �
<br /> ' `and nat an asxi�nment for addi�ional.ccurity unly. C. , .
<br /> . -.-- --m-„�, ..M If t.ender +►ves nntice nf hreach to Barrowrr: (:�)afl rents rrceiv�v!by Herrruwer�hali tx hrid by Hnrrvwcr uti trustee
<br /> for benefit nP Lender vrtly.to Nc applied t�thc wmw ucured Ny the Securuy InStrwnem;(b)[.cndcr shap t�e cntiticd tn ,f
<br /> •:-Y`^`: ' -�' calicct and r�ceive:�ll c�f the rents oi thc I'rc�perty:,m�(rl cach tcn���t ui�he PYaperty�hall p�y ail rcnt�dur and unpaid to
<br /> � ��,.�;'.,,,�.,...,;� LcnJer ur Lender's agcnt nn Len�frr v tvrittcn dcmand tn the tenant. �. � • .-
<br /> • �":-: � •� $�rmwer has nut executed nny prinr i�ssi�nmem��f the nntti and huy n��t und will net prtfutm:tny uct that would ;;
<br /> �r•.�r'�=-.'�=n::.. prevcnt Lendcriram exercising itv rightsundrr��ix Para�:raph 16. ` • ..
<br /> � ; ^'`' ,;`� • Lcnder sh�ll ndt be re wred tn enter u n take cunuul uf ur maintuin thc 1'rupcny txf�rc i�r aftcr givin�;n�tire�>f '
<br /> . `;:�.�" r_.; q ' Pa . ' ' .
<br /> breach ta�orrower. Howevet.Len�lrr ur a judicially up�x�intCd recciver�nay da�o at:uty time there is a breaeh. Any
<br /> '"�'`�'`-'�'���•" . upplicatiun uf rcnts shall na1 cure dr w;�ivc uny defautt��r�nv,�id;ite:my uther nght ur remcdy��F i.rndcr. l'hi�assignment , . •
<br /> ' `���'`+. z_:j • �f.rents di the Pra » tih�ll tcrmirwte�vt�eu the deht securrd h the Security tnstrun�ent iv �id�n full. �
<br /> ' .r_�....1._.. . Pe Y�' � 9 ps . .
<br /> : .
<br /> ' � -:'�,:� - � ;� . . . .
<br /> • • ,,�--� ' ' ' ' rp,,qe:.��pnrc.� .
<br /> , . �-k_' -'�_,� i ..
<br /> �' - -.m� .- . - . - -- - _ _ _. - . .. - i! .. �
<br /> : :�=. ; - _q . ` �. -- —
<br /> n:... ..
<br /> •-- = s,: _-i=.— . �
<br />
|