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<br /> L �:�i �. : . , � � RE-REI�ORDEQ '. , „ � � . - ( ` ` ` -
<br /> �_� --. �.. ;- --. --.- `� " iaS4+D6 - � -. = _ --= . � : -- ----__
<br /> ; , . . , t . . g2�a+�u5a�l3
<br /> • ,,;.payma�s„.vluab.re�efenea to in r,ra 2.or aw�e t6e aoiounc of such p,yments., �►,�y eacess pcooadc aver m �- -
<br /> sm000t.�eq�urod w Psy a1�aR.�ao���e�upder tbe No�e�nd this Sa�urity L�stcuma�t s�i!be paid to the entitx
<br /> ` kpII eo�itied theseto. � . �
<br /> , �Fea. I,eadermsy cdkct fas and ch�rges authcxizod by tLe Soccetary• . . ,�
<br /> � �Gra�f�r�dikbt • ` .
<br /> � • (a)Def�it. I.eader aay.ex�pt ss limiud by nguluioes issued liy tbe Soccetair�►in th�case af payment defaWts.
<br /> < requit�e�payn��m�WI of a!1 sums sa�c+ed by this Saarity Insuumene it•.
<br /> ' G)B`ormwer defaults by failing ta pay in full an�maath2y WY��4�bY��n►��P�Oi �
<br /> - ' w aoothe�utdate of th�oext mo�iy psyme�t,or � . - .
<br /> ' Cu7 Ba�mwes defwits by failing.for a period of thirty dsys.m pufam amy other obliguion.c cantained in this �
<br /> - �
<br /> (�?S��Credit ApprovsJ. Lender sh�U,�f pem�itted by applicable iaw aud with the prior approval of the
<br /> �Y,����PiYraeat ip t�ll of all the sums secoted by this Securiry Iasmunenl�f:
<br /> ` E7 All ar pat of the t ar a beneficia!iraensi in s uvst owning aU oc pan of ihe Pkuperty.is sold or
<br /> ' oMe�wise nmsfared l�by dtvise a daaeht)b!'t�e Boaower.and ' .
<br /> Cu)Tt�e Ptapaty is not occupiod by•the punchaser or g�ta as his or her priacipal�tsideace,or the purcha�er
<br /> or grantoe does so acxupy the i'mP.."rtY bu� itis ar her c�edit has not beea appcoved in accocd�x� '
<br /> with tUe ta�uit�en►ents of tbe Seaeary. � �
<br /> (c)1Vo�ver. If circwastu�ces occur that woutd permit i.ender to tequite iatmediate payme�t in full.Tut Lender
<br /> does not requue sucbpayments.L.ender does not wauve its righu with zespoct w subsoquent evmt�.
<br />_ — (d)�ep�tto�s of HiJD Se�ef� In maaY cmcum�s n8ulatia�s issued by the Seccetuy will limit Lender'.s '_ _ _
<br />- rigl�ts,in the case of payment detaults,to tequine immodiate paYaxnt i�1 fuU and foroctose if notpaid 71�is .
<br />- Secariry(nsaurtxn�dues not authnci�.e acoekratim�or f�eciQSUre if not pemutted by c�egWatioas of the Sa�eta�y.
<br /> (e�Morl�e Not Lppn+ed..Boaower ag�ees tUst shwld this Sectuity Ituaumeat and ihe mte savred theieby rwt —
<br /> _-= 6e Cligi6le fa;,���•,�under the Napon�l Housing Act within � 8 I�o L� �� -�-
<br /> .,�
<br /> �' - -----date het+eof,l.ender msy.at_its option aad aatwith�aoding aoything in P�ta�9._taN�-�PaY�p �- -- - _----
<br /> - � --
<br /> - -- - . fuU of�II sumc secu�ed by this Securiry Insuurt�ent. A written statement of any authori7rd agen[of dfe�etary =-_- -
<br />-- datod subseqaent to 8 I�Ot1�s fmm die datc herwf.declining to insure this Secarity �-:.�y;�:
<br />- lnst�ument and the nou secund nby.shall be deemed conctusive praof of such ineligibility. Notwithstaz�ding, �-��.
<br /> � the fonegoinE,�his apdon mag not�be exercised by Lender whet►the uaav a i l a b i l iry o f ins�rsu�ce is so le ly d ue fa . �=i��'�•--
<br />- , . Lenderk failute w n7nit a mortgage insurnnce piemium to the SecrEtary. _ "--- , .,���
<br />`'. ,.• • lA� Reiaatatemea� Burmwer has�right to be reinstated if I.ender has zequued immediate payment in full because �'+��. -�;:
<br /> - _ of Bc+rmwers failw+e to pay ari amount duc under the•Note or this Security Instn;ment This nght applies evrn aftet� i:��`.-:_ -
<br />- faectosure pioceedings ace instituted. �To reinstate the 5ecurity U,strument, Barrower shall tender in a tump sum all -- _ --
<br />. amoimts rcquined to bring Borrower�accaunt cunent including,to the eateat they are obligations of Borrower under titis, . �•-�- >=��-
<br /> Socuriry Instnmuat,faeclosure costs and reasonable and custo attome s'fees and ea ses 1 associat4d with . " �' `
<br /> � �Y Y P� ProP�Y �;.:�-
<br />-. - - ' the faecbsuce proceeding. Upoa ninstatement b}�Batrower,this Security Instcument and the oblrgations that it secuces .::.•��:=..
<br /> shall ntinain in effect as�f Lender had not reyuired immediate payment in fuJl. However.I.ender is not required to�ennit > {-.�_ :
<br /> _ teinstatement if (i)Lender has aceepted n�nst�t�t after the commencemerrt of fomelosuc�e ptoce�ings withu►two .;�.t�,��.�.
<br /> ears imme,diatel the commencement of a currene foreclosure roceeding. f7 reinstatement wili prectude -�`'"=� �'
<br /> Y Y P�ecedin8 P .�-:W..,;�;,'
<br /> foteclos�e on�ifferent grounds in the future.or(iii)reinstateme�Rili adversely affect the pnarity of�he lien crcated by ��
<br /> t(iis Security Insdumen� �:•`�:.�`:-'
<br /> ' 11. Borrower tiot kekased; Foebearancc by Lender Not a Waive� Eatension of the ame of payn�ent or ,.. � __
<br /> � � modification of amoRization af the suins secured by this Security Inswment gra�eeted by L.ender ta any suceessar�n�nterest .
<br /> F�,;..� ` '� . of Barrower shall not operate to rclease the liability of the original Barrower a.-Barrower's successor in inierest. Lender . . ._
<br />�,;:.. shall not 6e required to commence praceedings aga�nst any successor in interest ar refuse to eatend time for payment or .
<br /> •.; ,� •- atiierwise modify amodizarian af t f i e sums secured by this Security Instrument by rea5an of any demand made by the - ' .:•:;y _
<br /> '�;?�' �' orig'u�al Borrower or Borrower�s successors in imerest. Any forhearance by l.ender in exercising any right or remedy shall _
<br /> not be a waiver of or preclude the exercise nf any right or remedy. . .• -,'
<br />- . 1Z. Succes�ors aed Assigns Bound;Joint asd Several LiaDility;Co-Si�ners. The cavertants�d agreements of ,.��, =r..:�'-z
<br /> . . � this Secui3ty insuument shall bind and benefit the su�ssors and acsign.c af Lender and Borrower,subject to the provis�ons - .' . -_
<br />• •t" of P�regraph 9.b. Borrower:s cavenants and agreements shall be joint and several. Any Borrower who casigns this � , _-
<br />• � i:'� Securiry Instrument but dces not execute the Alote: (a)is casi�rr.��this Security Instrument only to mortgage.grant and • �
<br /> ' conve�ti�t Bormwer's interest in ihe Property under the terms of r�i�Security lnstrument;(b>ic not personally obligated ta • _
<br /> s, pay the so..-ns secured by this 5ecuriry lnstrumem;and(c)ugrees that Lender a^�any other Borrower may at�zee to extend. -_
<br /> �`� mod�fy..`orbear or make any accommodations with regard to the tcrms of this�:urity Insuument or ihe Nu:e without that ��r1;-.- `t�,-
<br />; . 'A 'Horrower's cansen� �t• .. ,a,��
<br /> - !� �iotices. Any notice to Bcrrnwer pravided for in this Security Insm�ent shall be�;:c.i lry delivering it or by
<br /> " maitartg it�y fir�t class mail uniess:.��,'.icable law requires use af another me�had. The r.�t"�_e shall be dlrected ta the
<br /> ' . ;� , Property Address or any ather addre�>Eurrower deaignutes by ne�_�ce to Lendcr. Any no�ice t�Lender shall be given by '-:'�l�;::
<br />• • � ..�. ,
<br /> first ctass mail to Lender's address stated herein or any add�e�•g,ender designatec by natice to 8orrower. My notice . .
<br /> � ,�.,;:_ ` provided for in this Secudty lnstrument shall be deer.�+ed ta have hcen givcn to Barrawer or Lcnder when gi�er:as provided
<br /> ,w•irt,•:.
<br /> � . 'r�M t`L� ,� �n this parngraph. •
<br /> :.�s�..::.,.,_�.�_._ 14. Governing Law:Severablllty. This S_c::rity lntitrur.:eat shall be govcmed by Fcderal law nnd thc law af the
<br /> --`'�_�.�:.�, jutisdietion in whieh the Pmperty is Ivratc�S. In the event�f,at�.y��nvisic�n i�r etau,�c�f this Security Instruenent or the -. - -.
<br /> ,��'#. Note conflicts with applicabte law.s�ch conflict shall nnt affe��e:hcrprovisionc of Ihi�Sccurity lnstrument ar the Note . �
<br />. ,�:"'"`� which can be given effect without thc conflicting provisiun. 10 this end the provivi��n!+of this 5ecutity lnstntment and ihe
<br /> �� _ -,".�;��� ' Note are declared tn be seve�abte.
<br />�, :�� y;,�:. ; 15. Borrawer's Copy. Borraucr sha116c giren�nne confumicd copy of tFee4 Security Instrument .
<br /> - °� 16. Assignment uf Ren�q. Bor'ro«er uncar•C.r:on�illy as�ign�and trm�fcr�;v i.cndcr aU thr rent�:md revenue,r uf Ihe
<br /> '� ��'"�'`� Roperty. $oaower authorires l.ender c�r Lendrt ti:��ent.t��callret thc rcmt and revenueti and hereby dircct�euch trnant uf ':
<br /> �:�`�'Y" 'i , thc Property to pay the rents w l.ender c►r Lendcr�agent�. Hnwcver,prior tn l.cndcr�noti�t�&�rrower of Anrrower� !
<br /> ' �" ''�" �� breach of any covenant or agrcemrnt in thc 5erurity Inrirument.Horm�vrr.hail callrrt and rer�ri:e Ull renis ar:d revenue�c f '
<br /> ' �" �� '~ ''� the Property as trustee tnr thc benefit of Lender und{�nrc��w•�v. 'lriiti atisignmrm of rrnt�r�m��i�ute.;�n abuit�,te assignmer.c ' .
<br /> ��•�..=" . __ . suxl not un assignment fnr udditi�mal,rccurity unly. �
<br /> ���;��" ° 1f Lcnder gives nutice uf brcach w Bonowcr: (a)all rem�rrccived by t3arrnw•cr shall tx�heid hy Hnrruwer as ttustee
<br /> . ' � , for benefii of I.cnder unly,t��bc�pplicd Io thc�um�ucured by U�e Socurity In�trumenl:(bl Len dcr s h:ilt bc entitted to �� , � _
<br /> . . coltect:u�d receive a0 uf the rem�vf the Pmperty:and Ic)each tcnam u1'the f'ruprrty tihull�+ay tdi rent�due and anpaid tn ;
<br /> -' -�� • � �� .� i:ender or 1.ertder's agem on t.endrr�wnttcn dcnta�td tr►ihe tenant. � ,
<br /> � ,. . , • Horr�wcr has n�t executed an�r prior actiignment af thc rents und has not;urd aill ni�t prrf��m�:uiy act that would j�
<br /> • . . - ptevent Lendet Gc�m exercirin�;it�nght�uttder thiti i'ar�graph 16. . � -
<br /> . ' ' Lender,rh�ll nn1 t►c n�quireti tc�enter u�x�n,t:ilcc controt nf nr maintain the 1'n�perly Nefvre��r after�iving n�ticr�.f ; . '
<br /> . .. .� . �i bre�ch to��rruwcr. Haa•cvct.l.endcr or a judiri�lly spp��imrd rerciver'ma}•d���o at:u►y�ime thcre is a brrach. Any �
<br />_ ' - � npplication of rcnts shall na�cum or wai�e any defauit nr invatidate anv uther right or remcd�of Lender. 'fhis a�signmcnt � �
<br /> ' ' .' of rents of the Proprdy shall terminatr whcn the dcM�rcurcyi hy thc Scrurity Instrument is paid in full. �
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