|
_ _ . .,C:. =- = . . _ �t,`t ��,.;c� . . � ' .. . -_, - `~it;n,-•.�—
<br /> _ - _ . _ c'Z'.;.u.: ' _ . . . � , __ _- _.
<br /> _ " � � ' , �. -�:ri_ - _� ' , ',. � _ '� s-��,a=:>7;:.�,�__:-_—
<br /> ..{ . � - ,._ .��, . .....�-.._.�—,_�-�—_•-__.__— __ __._
<br /> _ Z • � , . . _ . . . � . _ , . . .
<br /> . -__ - -- • - c _ _
<br /> . - . .. � . _ . _ , . . ' • _ � '. A_ ` ' _.— _r___'..L
<br /> . . ' ' . ..0 f . . ... � . '_ ' ' . ' - . _ . �. . ' ' ' '"
<br /> - 7
<br /> rYblC�i�tlfCtlOd ZO 81 Z.Ur'C�fR�E t�fC�IIOI�L��1`Q��•, �11y"^��QYlI�
<br /> . =�•a�a�t���A�p���uadu the N�e�d this S��Y T�n�t sh�ll be pu�w tLe e�ty.
<br /> � �''� �.��.y�t��aa��no�ea�y��y- . ; :
<br /> �a�+...tst.e Aoaierafie.etnew. ,ss�ea 6y,the saYe�uy;n 1he case af p�yme�u a�c�s. ,
<br /> ta)Dd'arit. trender may,except u limitea by re$ulatia�s
<br /> roqu�e irnmed'�cI m full of�Il suuns sec�aod by t�is Sesurity insautaent if: .
<br /> . �)Hort��wer def�by t�in�to pry 6t fulD any montlJY WY���bY��s Socurity Ia�P� �
<br /> to ar an 1be due d�te of tb�nextmoot3iiY WY�.a` '
<br /> t�1 Banuwrr defaWts by failin�.far s pcciad of Wrty di�s.w pafara any other obtiEaciprss contait�d in�is .
<br /> • ' !b)S�Cr�dil Apptoval. Leeder sballti+f permitkd�Y�PPficabt�tsw and with the prior appmval of the ` �
<br /> . . . . , Sx�►.raNi�c iaunediate P�Ym�t in fuU atafl tAe sums sau�by this Securiry fnsaument i� �s sold a
<br /> (i)!W a put a€the Ptopesty:ar a beaeficial intetest in a aust owning all ar put oE t6e_Pi'QPeA7►• .
<br /> odiavrise�tr�nsfensd ta�tlw��ydeviseordesce�t)bi'tbe Barower.and . .
<br />_ (ii)'ibe Ptopetty is nnt occapied M►�P��i°.��;s bis or heF pritycipal nesidence.or the p�6a�r
<br /> or �adx doa so pc�vpy the PtaputY but !us a her cndit bas not 6ea� appmved in ac�ad�� �
<br />__= with tbe c�oquu�naus of t6e Sazet�r)►• t�n fWl.but-Lendu "
<br />- (c)No Waire� If circumstanccs oaus that woukt peimic l.rnder to raQuite imrn�ate PaY� �
<br />;__ does not raNire suchp�yrt�nts,l.ender does aot wave its riahts with t�espect w sabsaluent events.
<br />�, (d)Re�ioadHUDSsw't!� L►mm�►Y c�rcumstaa�xsreguluia�s issued bY the So�cnefuY v�ntl limitLeodes� .
<br />_�-�` , riglus.a�the case of piynient defaults.to cequin immediate paYme�t in full u�d frneclose if aotp�id, This
<br /> ,; Seauity las�una�t does rot�otiu accekration or faeclosu�e if twt Pertniued bY�e8Wuions of the�ecretacy- --
<br /> ,� le3��Nat Iaw�e�. Boimwer agias that shouM t6is Socuricy Insa±unent aod d�e natc secuned there6Y not -
<br /> — be dip'bie far iewuanct unde� the Natianai Hoasing Act v�dthin ttom t6e =
<br /> ' date Leroof.Leoder osay.at iu option and natwithstand'mg anything in P�ragaph 9.nquire immodiate paymet►t in
<br />-- � fuU of all snms`s�ectued by this Socurity lnstniment A v�rritten statemeat of aay authorized agent of the SacretuY �_.--
<br /> daud subsogoent to f�nm the date hercof.dectiningio ins�ae this Seeuriry ����-
<br /> ��t aap the�tote sa�ued tbeieby,sl�all be dee�ud conciusive pinof of such ineligi�7ity. Notwithsta�iding ==-�=—
<br /> hu
<br />' : - " the fattgoing.dns optiat nmy not be exenised by l.ender whe�►the un��aila6itity of.insurance is rokly¢u�to �`�'�.
<br /> � a
<br /> Leader's fail�ue to c�emit a matgage insurance premi�un to the Sccretary. �;a{�
<br /> 10� R�Lep�n� Botmwer has a right to be�emsta[ed if Lender t�ac nequind immediate payment in fuA bceause �-::==�.`'-`
<br /> �, ' • of Borrnwer's faiiate to pay an amo�ent due under the•Note or this S�xruiry�Inswment. 71us dSht applies even a8cr ���-;
<br /> �' fQisclosure proceodiags are msatated. 1b reinstate the Secutiry Inst�umen� Barnwer shall tesider in a lump sum ali �'�:�;:
<br /> �o�mts�qui�d to{xii►g Borrower�s account currec►t ineluding.m the e�ctent they are obligations of Sotrower ander this :���.
<br /> Sec�uity Insuumait.faRCtosun cosu and teasanable and customary attameys'fees and eaptntes properiy associated with - _
<br /> �, the faeclosu�+c pc0000din8. Upon n+einstatement by Bormwer.this Security(nstrumrnt and the obiigatians that it secares� �K=_
<br /> shall remaia in effect as if Ixnder had not reqnired immediate PaY�t in fuU. However.l.ender is noc reqw�al to pem�it �;�_
<br /> ncinsraument if: (i)Lender has aca�pted ntinstatement aftef tpl�e camrtKncement of faeetoscme pmc�gs v►nttun two . �—�:_
<br /> �:' ye�s immediately proceding the commencement of a current forectosute praceeding. (ii) teinstatert�ent rnif pssctnde ' ,�. =,� :
<br /> , f��s�e on d�fferent grounds in ti�e future,ar(iii)reinstatement will ad�etsely affect the priority of tlie lien cRated by ��_`'_
<br /> . �'�•i::3� '
<br /> '�; tlUS$CCUTity�lIStLUtitCDt. , - '
<br /> - U. Baerower NM Rekased; Fabarance by Lender Not s Waiver. Extension of the tm�e of payment or ' .,�,,..^
<br /> modification of amortixation of thc sums secard by this Security lnstrument pranted by Lender ca any successot�n mterest �
<br /> of Barrower shall not operate to mlea.ce the liability of the orig�nal Borrower or Bo�rower's successor m interes� Lender ' -
<br /> shall not 6e te�uired to commence proceedings against any sacceswr in interest or refuse to eatend time for paymera ar =..� `,J ;_•
<br /> .. ' otlxra�ise modify amoRization af the sums secured by �his Securiry Instrument by reason of any demand made by the _-
<br /> . originat Borrower or Bartower:s successors in interes� Any fo r b e a r ance by Lender in exercisin g an y ri g ht or remedy sha11 ��=�
<br /> • na be a waiver a�or p[eclude the exercise of any right or remedy. -
<br /> , _ 12. Succe�ors nnd Assigns Baund:Joiat aad Several Liability;Co-Si�ers. The cavenants and agreeme�s of - ,.- _ :
<br /> _ �r '� tfris�esurity Instrument shall bind and benefit the successors and assigns af Lender und Borrower,subject to the pravisions
<br /> of Aar�aph 9.6. Borrower's cavenants and agrecments shall be joint and sevcr.�l. Aoy Barrower who co-signs this
<br /> Seattity Insuument but does not execute the Note: (a)iz ca-cigning tbis Security Instrument only to mortgage.grant and , ,
<br /> � comrey that Borrower�interest in the Property an+ler the tertas�of this Security Instrument;tb)�s not personally obligated to
<br /> � �� pay the sums secumd by this Security Instrum�':and(c3 aa eees that l.ender and any other Borrower�ay agree to eatend. _:..
<br /> modify,farbear or make any accommc�dations�:i i regard ta the tertns af this Security instrument or tY_Note without that :'����-_
<br /> $orrower�consenw . . .
<br /> � 13. Nolices. Any notice to Sorrower provided fac�n �a.is Security Instrument sf:a:!�be given by delivering it os by -
<br /> . ' mailing it by first class mail unf,:�;s ap licable law rcqecin.-s'i;:�of another method. 11`.e aotice �hall 6e direcced ra=t.3e
<br /> ., � Propetty Address or any other a��iress�OffOWC(dC'.1�b'�1�5� L'..' .^.otice ta l�:r'.���r. Aay r..�ice to Lendes tihall be gic�t t�y ,
<br /> , ; ",•.'�� � first ctass r�ait rn�:ender's addresv�ts�ted herein ar any�.vyr��s l.cr.d,.:c d,.�ianates by notiCC to aonawer. My r�c;ice
<br /> , ,;°r � �'?'s';�'. Qrnvided for in ti:i:�Security lnstrument�hall!x deemcd ta have bcen gi���co E3orra�vcr or Lcndrr when given as provided , . ,.
<br /> , , ., ;• t?''�:.:°`.�` ., .. �n tti:s paragraph. ,
<br /> � �j�.��:;--- :_ 14. Gove�nIa�l.aw;Severabilily. 'I'his Security (r�x^mcnt .rhall be govcmrd hy�edaral law and thc law af the .
<br /> ,� --!:�=r; . 'tutiu.iiCtion in which IhC Ptppetly is located. In the evenr i3�.:1 uny prc�vision ar rlause o!thi�Security lnstmmeat ar the - -- .
<br /> ,Y;�:�H . Note conlllets with applicabtc law.�uch conAict shaD rtc�t�.H cet o�her provi�inns��f'ihis Sewrity ln�trument or tt��Note
<br /> whlch can be given tffect wilhout thr canfticti�:�provi�i��. Tv thiy rnd the provivions of this Securiry fn�trument�nd the �
<br /> ' ":�'"`•.' ": Nate fttte dcclared to be severubla
<br /> <.` , , -.. e
<br /> - ,�:a_ .: . . IS. Barra�ver's l:opy. Bc�ttawer shali lx�iccn ortc cenfirrntcrl a+py ni ihiti 5ecurity In�trumcm. � �
<br /> �y �c�-;�•�,s 16. Assi g nment otRen�a. 6orrourr�cc�nditionslty:�-..i�,ns artd tran�icr.to Lc^�er all the rrntx and revcnucs c�f thc
<br />• ' v- Propeny. Borrowe►authnrir�:y l.c�ider or L,rnder's•agcntc ru 4i•!�crt ihe rent�and reve►::rc�and hcre by dirrcis c.�c h tenant a f ��
<br /> � %!��;, :Z the Hn�perty to pay the rent!.to i.cndcr or Lender'�:+grn:�. H�.weccr.�*"sor t�•l.cndcr�n��lire ta Nurcc�wer of BorroWer's � .
<br /> ': • i � " breach of any rovcnant or:��eemrm in�hc Securiry Ins�rumrnt.Borcu:�.rv:hall cullcrt and reccivc ail rentv and rovenues of .�
<br /> �:• " � `' '� the Properiy�1 w�tec fc�r the bencfit e�f Lcn�icr and Horrowcr. '('hi�ati�i�nment��f'rent�c��nstitutec an ah�olutc ati�i�uncnt �
<br /> • ''.v � and not s�n u�:st nmcnt for addili�inal kcurity cinly. "
<br /> .;�,_ •_:,-�.s . S
<br /> :. -----_ —= If Lend�r gives natice uf breach tn Hurcawer: Ia►ap re�ts rccci��ed hy g�m��wcr�hall he Neld by iianoa•cr:�s trustce ��
<br /> --- -�� fot benefit aF Lender only,u�1+o applicd to the sums sccurc�l by the 5rcurity fn�trumeni:Ib►ii.endcr .hall t?e cntitled ta � .
<br /> ' collect und receive all of the rentti��f the i'ruperty:;md(c)eacb tenant af the 1'ruprry�•hall pay up rent`due and unpaid t�+
<br /> � ' � . Len�ter ar Lendcr's a�cnt on l.crtdcr�written demand t��thc tena�i�. - ' -
<br /> • � Bmmwer ha�nc�l executed uny pri��r:��.ignntem c+f the reut�attd ha�ttut and aill nut perf��m� :+ny uct�ha1�c�iuld
<br /> , ., . � '� prcvcm Lcnder tiom exercisin�itv right�undcr thi�F'ar,�graph I6. .
<br /> � Lcnder shall not be reyu�rcd ta enter uMtin.1;�ce tantto)uf or maintain thc 1'tc�peny Nef�+re ur aftcr�iving notice uf '
<br /> ` � • breach to BormHCr. H�wcver.Lender or s Judicially ap�ainted rereiver may dc�.a at any time thrte i.�hrcach. Any �
<br /> , � appticutitm of rent�v sha11 nut cure e�t waivc any drfault�n tnvalidate:u�y o�her right�+r rcmcdy�•f l.cndcr. 'i'hi�ci��i�nment , �
<br /> ' of rents vf tht f'roperty shal!tenninate when the dcbt securcd by the 5ecurity In.trumcnt�ti pa�d in iull. .
<br /> ' . . . �rJC�i,./a p:,er�, ' .
<br /> �.', ' ' - - ' . � _ _ _ �.
<br />
|