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<br /> �.J :i - . - - _ _ - . <. . . ..__: __ _ _ - , .-_
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<br /> peyn�,wL'ech r+e cekmed to in P�gri� ►2,�or cl�ge the�tnouot o�such prYnKa�s. My_excess proceeds over.an ':
<br /> ���pry aU o�t�odiog' und�erthe�Na�e aM this So�micy L�wNnKnt sh�116e,p�►id to thc e�ty :<
<br /> ' �eahtied�. <
<br /> F�a. I�mdes a�ay oollect fas�dd cturges wthariz�d iry the Stcrwry., � ' _ '
<br /> � . !s G�vnisl�Aeakr�ia�otDeb�. . . . ` .
<br /> (a)pe�lwit i.eiWer may.except as limited bY ngulations issuod 6y the SantazY in tl�c c�of payrneo�defwdts, .
<br /> c�equi�e immedia�ep ayment m fiill o€a11 sums seca�ad by this Security Instrwneat if: . . ,
<br /> . - (�Ba�ower defiWts�jr fWing to pay in fal!any monthlY PaY��R9�bY this Sccuriry tnsbnnnent p�ior .
<br /> ' tQ ar m tt�e due d�e of the next mauhly paymeN.or
<br /> (ii)Baeower defauits by t`siling,fa�a period of t6uty iiays.to perfa�snyr otaer abligations caatsined�ttus
<br /> ` � Secwity Ia�umen�. -
<br /> . . (b)Sak WYi�o�!Credit App[ovs� t.ender shall,if pem�itte�d by ap{�ica1*Isw ait�d with the prior appeoval of tbe
<br />-- ' ,talu�te immediue ptyment iq fiill of all the sums secured by tTus Seciuity Insttument if:
<br /> �(7t UI ae put ot th�Pbope�ty.ar s 6eneficial inte�est ia a inut owaing aU�pact of the Ptope�ty.is sold or
<br /> . � � , � uthe�rLse uansfemod(otNer th�n by devise or descent)bY tfie BoRawer,and °
<br /> .. (ii)'tbe PropertY is rae aecupiod bY�P��a 8�as his or her principa�rssiderue.ar the purchaser
<br /> - — , or � does so accupy the P�ty 6ue !�s or ixr ctrdit i�s not beaen appmved in accordanc�
<br />-__ with the ncqtumnents of the Secretuy.� .
<br /> - (c)No WiinG if cit�umstances occur that woutd pemut Lender w nequiie;ma�ediace paymenc in fut�,but Lender
<br /> - does aoE tequite sachpsyments.Leader does t�ot waive its rights with t+espoct ta subsequene events.
<br /> '- (d)Rep�l�tio�s o[HUD Secrehe� In many ct��aces regulatians issaed by the Sa�stary wi!!limit Leader's
<br />- sighis,in tl�e cas�of�ayment defanlis.tv tequire immediate payment in futl and f�+ectose if nat paid. 'This
<br /> Secw�iry lac�cument does not autharize xaktatioa orfoneclosme if not pamitted by regulations of the Sarctary.
<br /> - � � (!)Mor�p�e No!L�ed. Bocrower agmes tdat sbould this Security Instnunent aud the nate sec�ned thetcby twE _ _
<br /> _ ' be eligi�le for insucance m�der the Natianal Hwsing Act within fran the ==-
<br /> date heceo�Lender may.at iu aption aad nawithstanding aaything in Paragraph g,n+Nin immediate paymeat in- _
<br /> e;�,:� full of all sums socttnd by this Savdry In.tuument A written statement of any audiorized agent of she Sa�tary _-
<br /> : � dateA subsequent to � fTOm t6e date beroof,declining to insune this Sec�rity ��=-, -
<br /> ' Instrument and tha note sectaed thenby.shall be dQemed conclusive proof of such ineligibility. NotwithstandinS ��
<br /> _ the foregoing,thls aption map na be excr�ised iry Lender when the unavailabiliry of insurance is solely due.to ���,-;i�
<br /> �.��.; ' ,
<br /> Lender�s fa�ure to rvmit a rnongage insurance premium to t6e Secretary. .;;,.-:.�
<br /> � 30 Rejnt�temen4 Bo�roWer has a right ta be r�eiustated,if Lender has required immediate payrnent in fuU.because �� �-�.
<br /> • of Bormwer�s faituoe to an amount due under the•Note or this Security Insuument. 71�is nght appues even after -�-����l�-�
<br /> ; . fineclosure.procadin$s a�instituted. To reinstate t he S e curity t n s w men t,Homo w e r s h a l l t e n d e r�n a t u m p s n m a l l ;;s��*'�-;;-s—
<br /> -- " .anwunts requiaed to btu�g Borrower's accaunt current including,to the extent t�r are obligations of Borrower uader tlus ';-j�:� �•
<br />• "�S e c u r i ry I n s t r u m e a t�f o r e c l o s u r e c o s t s a n d r e a s o n 3 b l e a n d c u s t o m a ry a tt o m e y s'f e e s�n d ea p e�u esp�er l y assueiated with � =�._�` `�-
<br /> � , ' i�e fa�tosure prooeedin& Upon reinstatement by Borrower.this Securiiy.�Ocement and the o li b g a pons sl�t it secuns ' ��"�"`
<br /> � s�all�nsaim i�t effect as if Lender had not rec�uired�mmediate paye��nt in t'c►�. However.Lender is not iequired to permie r�;.r ,
<br /> teinssatement if: (i)Lender f�s acce�[ect reu�siatement after the ec�n.�ement of foreclosure proceedings witWn two ;:;; =�,,,-,
<br /> yeazs immediate pceceding the commertcement of a current fcueclos�e proceeding. (ii� remstaument will prxtucfie ;�:�+�'
<br /> foreclosune on di�ereat grounds in the futute.ar(ia)reinstatement will adversely affect the pnority of tt�e lien created hy ;,;,_,;�..LL
<br /> . this Securiry InsaumenG � .°:��.��a
<br /> • " Il. Borrower Not Reieased;Forbearance 6y Lender Not a Watver. Extension of the time of payment or • ;
<br /> ' ., .�", modification of amortization of the sums secured by this Security lnstrument panted by Lender to any successor�n interest .. � � •� �
<br /> . � -• of Borrower shall not operate to release the liabiliry of the original Horcower or 8orrower's successor tin iaterest. Lender � , . _-
<br /> '� � shall nat be required to cammence proceedings agau�st uny successor in interest or refuse to eatend time for payment or c: . � . �;
<br /> i - othecwise modify amortization of the sumc secured by this Security Instrument by reason of any demand made by the �..._, ----
<br /> �: ,,.:
<br /> ' �'> original6oaower or Borrower:s successon in i�teres� Any forbearance by L.ender in exercising any right or r�nedy shall =_
<br /> ' ' not be a watver.of or prectude ihe exercise of any rigtsx ar remedy. • --
<br /> �- ll. Successors and Assigns Bound;Joint and 5everal l.iab[Ilty;Ca5igners. The wvenan�g and agreemenis of , �� .�„_
<br /> ;,, - �{�:� this 5ecurity Instrument shail bind and benefit 1he�uccessors and a5signs of l.ender and Horrower,subject ro the pmvisions �f�-_.T ..
<br /> � _ '""� of Para p5�9•b. Borrowerc coven�.ts and agreementc shail be,�aint and �everel. Any Borrowet who ca-s�gns this- �*:�----
<br /> �' �,• ��::_
<br /> -�..•;�,r Secudt��suument bvt doe�not exer�::e!he Note� (ai is co-si�rt���his Securiiy In�trumeat only ta mo»gage.grant and , 4i..:=�
<br /> . canvey that Borrower?�interest in the Property under ct�terma of this Sccurity lnstrumene:(b}is not personally obligated to �� �_ -
<br /> . ; �; � pay the sums secured by this Security Instrumenti and(c)agrees that Lender and any ather 8arrower may agree to extend, �' , •' �'.•_-
<br /> �� ,fi: mod�fy.forbear or make any accommalations with regard to the tem�s of this Security Imtrument or�he Note without that �.. _ ' ;�—
<br /> �4t. $oaower's consenL �� , '�,�
<br /> .,,.�:�:_=~-=-
<br /> • g,�. 13. Notkes. Any notice to Bo;rower pravided for in this Security Im[rumcnt shall be given by delivering it or by � ' ?"'"'�"�,
<br /> ' " mailing it by first class mail untesti�.�Iicable ia�requires u�c oF anather method. The noticc sh:ill be directed to the t: � ,".r�� ';•-�'-�
<br />. . •� ;� Property Address ar uny other uddress Barrower de�;��aates by notice ta Lender. Any natice tn l.ender shatt be given by , • �:';��
<br /> �� � : � first cta5s mail to l.cnder's:�ddress�ta!ed herein�any nddress Lcndcr detii�cate�hy natire to Bonowcr. Any natice :�
<br /> ,��,T��;'i, ,`: provlded fot in this Security lnstrument�half 6e deenzed to have been givcn to Borrowcr or Lender when give:t as provided I' . ,_
<br /> . , . ;;> . in this paragruph. .
<br /> - -- -- _'_ � ' ' 14. Goveming Law;5evera6ilit� This Sccurity lnstn:�ser.c.hall t�c govcmcd by Fcdcral l�w und the 1aw of the ! . ', :,
<br /> :.::.-'�;*,."s`';`~' jurisdietion in which the Pruperty i�loca,ed. In the cvent that 4�y �:ovitiiun ur ct:iuxe af this 5ecnrity in.st:umeqt or the L:- - - - •
<br /> ,; _,:. ...
<br /> ���Y:�', ' Note confllctw with applicahlc law.�uch cnnflict�hz.}nat aCfcct othCr pruvisu�nt of thiti ScCUrity lnstrumer.t or thc Notc ,1.; :
<br /> .,.+_ ._: ,-. . which ean be given effcet withuut the cont7icti�g pro�i.,ian. Tu�hi�rnd�he ptovisianti of thiv Security instrumenl and the ,
<br /> Note are declared to be 5evcrable.
<br /> ��:'��` •:', iS.Borrowes's Copy. Horcower�liall he�,iven one eonforittrd c�,py nf thir Security Intitrument. .
<br /> ,:.<°. .; ... , .
<br /> •�Y+�-�•�-:-. t6 Assi g nmeet oi Rentw t3c�rroucr uncunditinnalty atitiiCn.and tran�fcr�tv landcr alt thc renta ancf revenues af thr
<br /> . •:�,�;rri;'• ;�::; : Ptoperty, Bonowcr authorices l.cnd�r nr I.cndcr's agents tu cnfIcct thc rem�:utJ ruvcnuc�and hcrcby directs cach tcnant of % , ;
<br /> '�" , � the Property to pay ihc rents tu Lcnder or l.endcr�agent,. H�ywrver.pri��r t��lAndrrti nnlicc ti�Hurn�acr u�Bonawer: t ,
<br /> - _ - ` breach of nny coven:u�t ar agrccmrm in thc 5ecurity{n�trument.Huauwer+I�all collcct attd reacivr ull rents aad revcnues of , •
<br /> ' � � the Properly us t�u�tee for the hcnrfit uf l.cndcr and H�m��wer. 'i'hi�a�cignmcm i�f rents cantitilutcs an ab�otute a�yignmcat •
<br /> . • and not an assi�nment for additi��md>ccurity unly.
<br /> • � ' " If Lcndcr give�nntice c�f brcach to 8orcawcr. t�►all renls rcccivcd I+y Nnaowcr�hall hc hetd by Bortower a�tru�t« : ,
<br /> � • • ' � for benefit�f Lender c�n{y,tv hc npplied t�thr sum��ccutcd by the 5ccuri�y In��rumcnt:th�l.endcr shatl t+c enHticd to _
<br /> • `'�"'�` "' " coltcct and rec�ive all of the rents of�he I�nprny::m�!te►e.�ch tens�nt uf�he Pr��perty�h�ll p.�y all rents dur:���L unpaid to -
<br />='-- "- . •� - i.ender at Lendery agent on l,ender's wrilten demand tu Ihc tcnant. r- _ .
<br /> • . . gortower h;u nnt executeJ any priur a�tiignmcnt uf Ihc rent� aud h�� uot and wilt ni�t perfurm any uct th:u would .
<br />' . ' . prcvenl Lender fram excrci�in�;its ri�;lur under this Par.��raph 16. . .
<br /> � Lender sHall no1 be reyuired t��entcr upon.takc c�msrol�.f�,r m�intai�r the['n��ny txfore nr attrr givin�nwice uf
<br /> ' �. ' ' , brcxh to�otrnwer. Hnwever,Lendcr or u�uJ�riatty app��inted reccivet may du �n at any time Ihere is a hre:tch. riny
<br /> ' • . . applicati���t uf reift4 thali not cure nr tvaivc�ny del:mtt or invulidatc:�ny uthev n�:ht or temedy af l.cndrr. '1't�i,a�>ignmrnt
<br /> . . ' nf rents of thc Properly�hall trtmin�tc«hcn thc deht secured by the Sccurity In.trmnent is paid in full. •
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<br /> . —; ' ,• , � �1ti�tiF�.t,qsl�ur�•;, , ,
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