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201102791
<br />Borrower shall comply with the pro
<br />leasehold and fee title shall not be m
<br />6. Condemnation. The pr
<br />connection with any condemnation o
<br />condemnation, are hereby assigned
<br />indebtedness that remains unpaid u
<br />proceeds to the reduction of the in
<br />delinquent amounts applied in the or
<br />application of the proceeds to the
<br />payments, which are referred to in
<br />proceeds over an amount required
<br />Instrument shall be paid to the entity
<br />7. Charges to Borrower a
<br />all governmental or municipal charg
<br />shall pay these obligations on time
<br />adversely affect Lender's interest in
<br />Lender receipts evidencing these pa
<br />If Borrower fails to make
<br />perform any other covenants and
<br />proceeding that may significantly a
<br />for condemnation or to enforce laws
<br />protect the value of the Property an
<br />insurance and other items mentione
<br />Any amounts disbursed b
<br />Borrower and be secured by this S
<br />disbursement at the Note rate, and at
<br />Borrower shall promptly di
<br />Borrower: (a) agrees in writing to th
<br />Lender; (b) contests in good faith th
<br />which in the Lender's opinion operat
<br />the lien an agreement satisfactory t
<br />determines that any part of the Pr
<br />Instrument, Lender may give Borro
<br />one or more of the actions set forth
<br />8. Fees. Lender may collec
<br />9. Grounds for Accelerati
<br />(a) Default. Lender may, except as
<br />defaults, require immediate paymen
<br />(i) Borrower defaults by failing to pa
<br />to or on the due date of the next mo
<br />(ii) Borrower defaults by failing, for
<br />Security Instrument.
<br />(b) Sale Without Credit Approval
<br />of the Garn-St Germain Deposito
<br />approval of the Secretary, require
<br />Instrument if:
<br />(i) All or part of the Property, or a
<br />otherwise transferred (other than by
<br />(ii) The Property is not occupied
<br />purchaser or grantee does so occup
<br />with the requirements of the Secreta
<br />(c) No Waiver. If circumstances o
<br />Lender does not require such payme
<br />(d) Regulations of HUD Secretar
<br />Lender's rights, in the case of pa
<br />paid. This Security Instrument does
<br />of the Secretary.
<br />(e) Mortgage Not Insured. Borro
<br />to be eligible for insurance under th
<br />may, at its option require immedia
<br />written statement of any authorized
<br />hereof, declining to insure this Sec
<br />ineligibility. Notwithstanding the
<br />unavailability of insurance is solel
<br />Secretary.
<br />10. Reinstatement. Borro
<br />in full because of Borrower's failur
<br />right applies even after foreclosure
<br />shall tender in a lump sum all amo
<br />they are obligations of Borrower
<br />customary attorney's fees and e
<br />reinstatement by Borrower, this Sec
<br />as if Lender had not required im
<br />reinstatement if: (i) Lender has ac
<br />within two years immediately pr
<br />reinstatement will preclude foreclos
<br />affect the priority of the lien create
<br />11. Borrower Not Releas
<br />payment or modification of amortiz
<br />to any successor in interest of Borr
<br />Borrower's successor in interest.
<br />successor in interest or refuse to
<br />secured by this Security Instrumen
<br />16256.CV (11/07) 905159
<br />isions of the lease. If Bo ov�
<br />-ged unless Lender agrees to t
<br />�eeds of any award or cl 'm
<br />other taking of any part f th
<br />�nd sha11 be paid to Len er
<br />�der the Note and this S cur
<br />ebtedness under the Not an
<br />ler provided in Paragraph 3, �
<br />�rincipal shall not exten or
<br />Paragraph 2, or change e
<br />> pay all outstanding md bte
<br />,egally entitled thereto.
<br />3 Protection of Lender's 'g
<br />s, fines and impositions th t a
<br />rectly to the entity which is a
<br />ie Property, upon Lender' re
<br />hese payments or the pa:
<br />;reements contained in t]
<br />;ct Lender's rights in the F
<br />or regulations), then Leni
<br />i Lender's rights in the P
<br />in Paragraph 2.
<br />Lender under this Par�
<br />;uriry Instrument. These �
<br />the option of Lender, shal
<br />charge any lien which has
<br />payment of the obligation
<br />lien by, or defends againsl
<br />; to prevent the enforcemei
<br />i Lender subordinating th
<br />�erty is subject to a lien
<br />rer a notice identifying th
<br />�ove within 10 days of the
<br />fees and charges authoriz
<br />n of Debt.
<br />limited by regulations issi
<br />in fixll of all sums secured
<br />� in full any monthly paym
<br />thly payment, or
<br />� period of thirty days, to p
<br />Lender shall, if permi
<br />Institutions Act of 1!
<br />nmediate payrnent in
<br />eficial interest in a tr
<br />vise or descent), and
<br />the purchaser or gr�
<br />e Property, but his or
<br />all or part of the Property, is sold or
<br />his or her principal residence, or the
<br />it has not been approved in accordance
<br />ur that would permit Len er t require immediate payment in full, but
<br />its, Lender does not waive its r'ghts with respect to subsequent events.
<br />. In many circumstances egul tions issued by the Secretary will limit
<br />ent defaults, to require i med ate payment in full and foreclose if not
<br />not authorize acceleration or f eclosure if not permitted by regulations
<br />r agrees that if this Securi
<br />National Housing Act wi
<br />; payment in full of all s
<br />gent of the Secretary date
<br />•ity Instrument and the N
<br />oregoing, this option xr
<br />due to Lender's failure tc
<br />ver has a right to be reinst�
<br />to pay an amount due un
<br />roceedings are instituted. '
<br />nts required to bring Borr�
<br />znder this Security Instn
<br />penses properly associat
<br />arity Instrument anc� the o
<br />nediate payment in full.
<br />epted reinstatement after 1
<br />ceding the commenceme
<br />►re on different grounds in
<br />by this Security Instrume�
<br />�d; Forbearance By Len
<br />�tion of the sums secured
<br />>wer shall not operate to r
<br />Lender shall not be reqi
<br />�tend time for payment c
<br />by reason of any demand
<br />Page 3 of 5
<br />ument and the Note are not determined
<br />i Days from the date hereof, Lender
<br />cured by this Security Instrument. A
<br />quent to 90 Days from the date
<br />�ll be deemed conclusive proof of such
<br />be exercised by Lender when the
<br />a mortgage insurance premium to the
<br />�ender has required immediate payment
<br />; Note or this Security Instrument. This
<br />state the Security Instrument, Borrower
<br />account current including, to the extent
<br />foreclosure costs and reasonable and
<br />th the foreclosure proceeding. Upon
<br />ons that it secures shall remain in effect
<br />ver, Lender is not required to permit
<br />nmencement of foreclosure proceedings
<br />a current foreclosure proceeding, (ii)
<br />ture, or (iii) reinstatement will adversely
<br />ot a Waiver. Extension of the time of
<br />� Security Instrument granted by Lender
<br />the liability of the original Borrower or
<br />o commence proceedings against any
<br />rwise modify amortization of the sums
<br />by the original Borrower or Borrower's
<br />�
<br />GOTO(OO15c689)
<br />� acquires fee title to the Property, the
<br />; merger in writing.
<br />�r damages, direct or consequential, in
<br />Property, or for conveyance in place of
<br />� the extent of the full amount of the
<br />� Instrument. Lender shall apply such
<br />this Security Instrument, first to any
<br />d then to prepayment of principal. Any
<br />�ostpone the due date of the monthly
<br />mount of such payments. Any excess
<br />ness under the Note and this Security
<br />s in the Property. Borrower shall pay
<br />not included in Paragraph 2. Borrower
<br />;d the payment. If failure to pay would
<br />est Borrower shall promptly furnish to
<br />required by Paragraph 2, or fails to
<br />urity Instrument, or there is a legal
<br />�(such as a proceeding in bankruptcy,
<br />� do and pay whatever is necessary to
<br />; including payment of taxes, hazard
<br />be
<br />of
<br />shall become an additional debt of
<br />ts shall bear interest from the date of
<br />mediately due and payable.
<br />ty over this Security Instrument unless
<br />;d by the lien in a manner acceptable to
<br />;ement of the lien in, legal proceedings
<br />e lien; or (c) secures from the holder of
<br />to this Securiry Instrument. If Lender
<br />may attain priority over this Security
<br />Borrower shall satisfy the lien or take
<br />; of notice.
<br />he Secretary.
<br />the Secretary in the case of payment
<br />� Security Instrument if:
<br />�uired by this Security Instrument prior
<br />any other obligations contained in this
<br />by pplicable law (including section 341(d)
<br />12 U.S.C. 1701j-3(d)) and with the prior
<br />o all the sums secured by this Security
<br />
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