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<br /> ` _ ` , payme�a„w�aie tefana w Ln�A�� ir��d�e�amount of aucl,t�ayments. Anr e�to�ss viocseds over an � .
<br /> . �noiiat�e4uirod w P�Y+�4�$� �t6e No�e tod t6�s Se�wiry lnsomm�ent sdll be prid to�a eetity
<br /> ' � _.� �ees.l.endei�may oollect foes�od cdarges aathn�iud by tbs Sxcet�y. ` � � ` _
<br /> !. Gew�i fiir Acoderat�o�of DeM. � '
<br /> < ta?Defa�lf. l�eader miy,except za limi�ed bY nBuWia�uwed bY��Y in tM case of Qayment deftuln� �
<br /> � tequi�e� ie fuU of all sums sec�ued by this Savrity Iasaua�ent if:
<br /> (i�Borm�a�er�eiw�ils-ts�W'fing tapay in fotl mY�Y,P����'!���'��t pnoc _ . -:
<br /> -- . . �oa on the�ue date of tAe nexcmonthly�syaien�or - . .
<br /> (u'���Bon�o�rer defaults by f�g.far a peiiod of thirty d�ys,w petfam+utY otl�er obligatioas canained in this
<br /> �nsdament.
<br /> (b)S�le Witbwt Credit Apptovsl. I.eoder sh�11.if penniuod by applicable law ard rxith the priorappmval of the
<br /> ` Sxtetxy.��pY��in full of alt the s�aes secuted by tdis Senuiry Ir�cuuaxnt if:
<br /> - - - ..(i)JUI ot P�ut af tlie Fiope�ty.ar a baicfici�t inoa+esc in a tnut Qwning all or put of the Ptapelty,u soW�r , _.
<br /> otbavvise uaatfu�d(crtliatti�ri bY.devise a descent)DS'the Borrower,�nd
<br /> �����Y��������6ut his�a her credit t�ss not�been appcoved � .
<br /> ' , or granteo does so uccupY thc i�tnl�Y .
<br /> with the t�oquirea�eots of.dx Secce�srY• .
<br /> tc)No�Vaiver. If ci�as occar tf�t+wauld pecmit Lender w requue inunediate pnyment in fiill.buE Lenckr
<br /> � daes not nequire sucf► L.endar das pot-waive its rights with�tspoct tn subsequeat events.
<br /> ' <d)ReplMioasdH�Se�rebr!• In mmy ciretunstances ngWadons issued by the Sec�+etary wiU limit Leoderk
<br /> ' rights. iA the c�e af payment defaults,:tn reqnire immediuep�y�nt ut full and foseclose�not paid. This
<br /> . Sec�uity fistiu�t does eat a�qiiori�te acceleiatioo or fot�xlostme if tat p�mitted by reguTations of tU�e Secnetuy.
<br /> (t)1Hati�e`Ndlwred. Barower agrees th�t shoWd Ws Saucity Iasonunent�nd t6e note secu�ed d�e�eby not .
<br /> , be eligibk fot insuru�oe ueder tJx National Hatsing Act within �:• :$�I�Ont6s from tbe . �
<br /> - date hereof,I.�nder may,st its oplion apd'notwithst�nding anydung ia P�agaph 4,mNine,imit�ediate P�Ymrnt in .
<br /> - . ' fuU of a1!sams'secu�ed�tt#is�urity Inst�wnen� A written statm�c.of any authorized agenc af ttLo Secrctary
<br /> ' dated aubsequent to 111oAt , ftom the date heteof.declining to ins�+e this Security
<br /> Inwn�ma�t and the nate sescueed t6eceby.sbaU 6e detated t'on�lusive p4aof of such iaeligibility. Notarithst�nding . .
<br /> ' tl�e fozegoing,this optiai�nay not tie exetcised by�ader wIx.m the unavailabiti¢y of insurance is solely dae to
<br /> - Lcndert failure to temtt a inuctgaga insurance pnmium to tl�cc Secnetary.
<br />-- . , •26. Reimfatemen� Bostower ha�a d8bt to be ninstated if Lender has rcquimd irtunediau payment in fiill because`
<br /> ` of Bortower§fa�'Itue 4o pay an amount due under the•Nou or thls Securiry insaurnen� 7'his right applies even after
<br /> faec�osure piocoedi� at�e instituted. To reinstate the Security Instr�men�Borrower shal!teader in a Jump sum all
<br />_-" artwunts roquind to bting Barco�vea�account cunent including,to the eatent they are obligauons of Borrower ander this
<br />- Sxarity Insuument,fo�tclosure oosc�and t�easonable and customary attomcys'fees and expenses propedy a.4saciated witt►
<br /> the toroclosure proceeding. Upa��statement by_Borrower.this Security Instrument aad d�e obt�ga6ons ihat tt sec�aes
<br /> ,:,�, shaD rcmain in effect as�f Lender�ad not rec�uirtd immediate payment in full. However,Lender is not nequined to pem�it
<br /> reinclatert�ent if: (i�.Lendet 1�as asceptad rein�ent after the commencement of forectoswe proceeding9 widtm two
<br /> r.� - � yea�s immedia�ety pcoceding �ee caaunenceme�c��€a carrent foreclosu�p�oc�eeding.(ii)reinstatement wiD preclude- -
<br />.,::. �. foncbsure an diffenent grounds L*s e�e future,or(iri)reinstate�ent will adversety affect die priority of tI�Iien cteateci by - •
<br /> - ' thls Security lnsbumen� _.
<br /> f= 11. Borrovrer Not Rele�ed:Fosbeamnce by Lendes�Not A Waiver. Bxtens"s�a af t1�e time of payment or
<br /> ' "� modification of amoruzation of t1:e sums secured by this Security lnstrument granted by Lendet to any successos m mterest =
<br /> of Borrower shall nat operate to release the liability,of the original Borrower or Borrawer's successor�n inter�est. Lender _
<br /> shall not be requirecS m commenee praecdings agamst any successor in interest or refuse to extend dme for payment,or ._
<br /> othawise modify amortizarian of ttie sums secured by this Security Instrument by reason of any demand made by ihe . _
<br /> �. original Borrower or Borrower's su:�ssors in interest. Arty forbeamnce by Lender in exercising any right or remedy shall =
<br /> . not be a waiver of or prectude the exercise oF any right or remecty. —
<br /> °- =� 12. Saccessors and Assigas 8ound;Jdnl And Several I.iabillty;Co-Stgnera 7Ye cavenants andagreemenu af _
<br /> this Security lnsuumeni shall bind and benefit the suscessors and assigns of I.ender and BorroFet.subject to the provislons
<br /> ' oT Paragraph 9.b. Borrawer's covenants and ag�ements shall he jaint and sevcral. Any�o�rrvwet who co-signs this —
<br />� ' •a�. Security Instrument but das no1 eaecute the Note: (a)is casigning this Security fn�trume^s�,ly to misrtgagc.grant and —
<br /> - �� ;;•° conv�y�hat Bnaower's interest i�the Property undcr the terms of this Security InstrumenG ftsi�is;rot personally obhgated to _
<br /> �• , pay the sums secured by this Securiry ln�trument;and(c)agrces that Lender swd any attier-&�..r.ower may agree ta extend.
<br />_�• � modify,forbear or make any accommodations with regacd to the tetms of thls Security lnstr'w-nent or the Note withaut ihat =
<br /> Borrower�consent. -
<br /> � 13. Notkea. Any notice to Bortowet pravided for in this 5ccurity Instrument sha4t be given by dclivering it or by _
<br /> mailing lt by flrst class mail unless,applicable luw requires usc oi anothcr m:r'.�d.' 'tT�notice shall be directed to the _.
<br /> PrapeRy Address or any othcr address Horrower designate�by notice ta Lender_ Aa} na:a^.to Lendcr shall be given by _
<br /> first class mail to Lender?�uddress stated hercin or any uddres!: Lendcr designateti is}•r:.c•.e to Borrowcr. Any notire � -
<br /> provided for in this Security instrumenl shall be dremed to have hcen given to Hosrawcr or�,cndcr whcn given:ts provided �
<br /> in t�ls�azagr�ph.
<br /> ' 14. Governing Law;Sev.era6iUty. Thiy 5ecurity Instrumem shall be govcmcd Ay Fedcrr�l law and the law oi the C
<br /> Jurisdiction in which the Praperty is laated. L•�che event that uny provisicm nr rfause af this Security_lnstrument w the
<br /> � Note confliets with applicable law, such cont�i;.s shall uot affect oiher provisions of thiv Secarity In�uument or�he Note
<br /> ' � whlch can be given eifect with�ut the canf]icung provislon. Ta chis end the provixians af ti-i"i4 Securit}fnstrumrnt and the
<br /> .�;: Note ase declared to bc sever+hlc. •
<br /> �5. Sorrowee's Copr. 8vrrower shall be given one confomtcd copy+�f this 5ccurit}Lrt�-:untent.
<br /> �. �` • t6. Assignmeni ol lfentq. t3arrowcr uncanA�ttnnaUy assigns und tr�n�€:r:�o Lendcr s,(thr rcn�s aad revenuey uf the
<br /> « ; Property. BorroK-er authorixes Lender ar Lender ti agents to rn}l�tit the rcnt•.y,i revcnue:zaA herehy direct4 each ten:u�t of
<br /> � .,~�;�� the Property to p�ay the rents to Lettder c�r Lender+agents. Notvevet,pria-tc�Le.mdc�r's nc�ice to 8orcower aP gorruwe�K �
<br /> ' •?.� ',-. 6rexb of ttny covcn;u�t ar agreemeni in the 5ecuriry In�trumcnt.Horrowcr�fta:1 cvtlect..n�cv�eive all tcnts pnd revenues nf
<br /> ° �i�e Property a9ltustee far thc benefit uf Len�icr and N�rmwct. This a«i�r.mer.!�>f`rent�cv-i�fitutey an absulutc as�ignment
<br /> . - —-- --�s • andnot an mssigmttent fnrnddltinnal security,uni�. - - �
<br /> ' tf I.ender�ves natiec of bmach to��aua�cr: la)a11 rcnts rrceived b�•Barrowrr shall bc held by Horrower as trustec j
<br /> ' :::_.�.'���;}• � for benefit uf Lender unly.tn be s�pplied n�the�ums.ecured My�hr Sccan�y lmtrument:!bl Lender shal! be entitled ro �
<br /> - -- --- --" coAect and teceive all nf the rcntc�►f thc f'mp�iny:i�nJ tci rarfi tenant nf tfic pr�crty sfiatt oay ntl rcnts duc:utd nn��i�l tu
<br /> �a���•�-,: � .
<br /> -:•�-:•�.-.�.• . � L,cndCr or L.rnder y�gent un Lendet s written demand to the tcnant.
<br /> . . •.T'.�1.._'..._ 1
<br /> ::��.�,;..,. Borrower has not ezccuteJ uny priar as�i+mncnt of'the rrnts and has not:u�d��i11 n��t perti�mi.my act thut w��utd
<br /> " ;� _y �;..�:'�: ' prevent I,ender from exrrcias��it4ngh�9 under t�is I':uagraph 16. • �
<br /> • �; _-- - � t�ender shul{nnt 6r re4uired tu enter upvn.t�ae euntrat nf��r maintain the pr�pedy before ur attcr giving n��ticr t�f .
<br /> _; •
<br /> ` ' �F�" breach tn Hntrawer. H�wcvcr:Lendcr ur n udiciall ap}wintrd rccciver may do so a�an tim� thcre is a hrearh. An
<br /> ' . � � - , npplir�Non uf rents s1w11 aaf cun.or waivr�y dcfautl ur invaliduic:u�y olher right nr rcmedy of t.�ndcr. 'i'hi��ssignmcnt
<br /> �=,�_----,. � • �
<br /> - :--�::,::..._.�- - --= o€rctatsb�tt��ra�.'sh;►lcrecsninsie++rhenlhedetltsecereclbytheSecutltylnsmttnenti�.p:B�!#�full.
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