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<br /> ���.o�... _�.:w. 92_ �.oss�s
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<br /> • """""�!`'` payments, which are teferrcd�a in Puragruph 2,or change the umuunt af+�uch puymentx. Any exce+. pr�xreJ��wcr an ____
<br /> '��"°-' ` pmoum eequired to pay all outwanding indebtcdne�s under the Note and this Secunty Inr�nimant ahall be pu�d�a the eniity °�='
<br /> -���'r'��� k�aliy entitled theieto. -
<br /> :��L ^`.._"�' �� 8, Fees. L.ender muy collect fees und charQes authorized by the Secretary.
<br /> ;?����-�''�'��M;� �'� 9. Grounda for Accekrallon oi Debt.
<br /> � ^ ' (A)Defaull. l.ender may.cxccpt us limited by regulatians issucd by the Secrc�nry in thc cux of puyment dcfuults, --
<br /> •. , --��� ,,� �equire immedipte payment in full of all sumc secured by thix Security Instmmem if:
<br /> ..
<br /> � „�, ._,. .��_.... (i)Borrower defuuUs by foiling to puy in full a�y mon�hly puyment reyuired by this Securi�y Inxirument prfar ___
<br /> ..� , .. to ar on the due dete af the neat manthly paymcni,or ��.
<br /> :,..�.�_• -----_-- ---
<br /> � .W-t������'�� ° (ii)Borrower defuult�by failing.for a period of thiny days,�o pedorm uny wher obligu�ian�containcd in�hix
<br /> ���V�X ° Secu�itv Inslrumenl.
<br /> �,; • � Ib)Sde Wilhout Cndlt Approvpl. Lender shnll,if petmi�ted by applicublc luw and with the prior Approvul of the
<br /> Seeretary,rcquire immediate puyment ii;full of all the sums necured by this SecuHry lorl�ument if: �
<br /> �� ' � � (i)All or part of the Praperty,or u bene�cial interest in a trusl awning ull ar pun af�he Propeny, ix KoW o�
<br />' • olherwir+e trunaferred lather thun by devisc or descent 1 by thc Harrowcr,�nd
<br />�" � • • ' (ii)The Propeny is not accupied by the purchater or grontee uw his or her principal residence,or the purchaser e_
<br />�� " �� or gmt�tee doex so accupy the PropeAy but hix or her credit hu� not Ix•rn upproved in uccordonce
<br />�: with the rcquiremen�v of the Secretary.
<br />,��r �� ;' ' � � (c)No Waiver. If circumstunces occur that would pertnit Lender to require immediate puyment in full,bw Lender --�
<br /> • —
<br />�; � ,.••• �" ' daes not require such puyments,Lendcr dces not wuwe its dghls with mypect ta subseyuent eventh. � `
<br /> ..-,�.":,;
<br /> � Id)ReQulations of HUD Secretary. In mony circums�unces reguluuonh issued by the Secre�ury wfll limit Lender's �_ �_
<br />„�� „ , dghts, io the case of puyment defaults, to reyuir� immediute pt+yment in full und fomclose i f not pai d. Th is
<br /> .. .
<br />��'• _ Security Instrument dces not authorize accelerution or foreclasure if na permitted by�gulations of the Secretary. ___ ___
<br /> s -` � le)MorlgAge Not Insured. Barmwer agmas thnt Khould this Securiry Ina�rument und tix notc tc�ut+ed thereby nat -�- -
<br /> , . �„ be eligible for insurance under the National Houxing Act wi�hin from the ���
<br /> � dute hereof, Lender may,at itg option und notwithstanding unything in Furngruph 9,reyuire immediate payment in �^��n„�
<br /> y full of all sums xecured by this Security Instrument. A w�itten swtement of uny uuthorizeJ ugenl of the Secre�ary e:-,=-
<br /> dnted subsequent to ��-� ,
<br /> from�he date hereof,declining to insure this Security ,.•,:,�,..::_ ,
<br />• ` �- " Instrument wid the note secured thercby,shull be deemed conclusive prcxif oP such inetigibili�y. Nwwithsuu�dmg �
<br /> the foregoing,this option muy not bc exercised by Lender when�he unuvuilability of insurnncc ia solely due to _____ °�
<br /> - ` " Le�der's iailure to�emit v mortgage insurnnce premium to�he Secre�ury. _------
<br /> : �� � 10. Relnstatement. Bortower hati u right to be remstated if l.ender hus r+equired immediu�e pAyment in full because �_____
<br />, � of Borrowcr� f�ilune to pay an umount due under the�Notc or this Securi�y Instrument. Thig right upplics even after
<br /> ' foreclosure proceedings are mstituted. To rcinxlate �he Secu�ity In��rumem, 8arrower shu0 tender in u lump�um all _
<br /> nmounts required to bnng Borrower's account cunent including,lo the extem they are obligutiom oP BoROwer under this
<br /> =.__: . . . `.
<br />� Securiry Instrumenl.foreclosure corts und reusonabie and cusiomury uii�n��Cy,'fee.and expcnsc�properly a::xociated►eith ----- --
<br /> ' the foreclosure proceeding. Upon rein�lutement by Borrawer,thix Security Instrument urnl the obligutians thut it secures �-�-°�i=�'''`` -
<br /> shall remuin in effect us if Lender hud not re4uired immediutc puyment in full. However,Lender iti not required to�ertnit N ��"�•--
<br /> reinstatement if: (i)Lender hati accepted remsta�ement af'ter the cummencement of foreclosurc mceedin s wi�h�n two �.:�-�•-•
<br /> P 8 , v":��,:�r�t�;x"-=-
<br /> � years immediately preceding the commencement oF u current forecla,ure prcxeeding, lii) reins�utement w�ll preclude —
<br /> � • �� �� fomclosure an different grounds in Ihe fulurr,or liii) reinmtntemem will udver.rly afi'ect the prioriry of the lien created by --=_____
<br /> . . tbic Securiry I��strument. t�:
<br /> „� l l. Borrower Not Rekased; �orbearance by Lender Not u Wuiver. Ex�en�ion oF the time of payment or `��` __
<br /> • .';, . modificntion of umoniznlion of the wmx.erured by�his Securiry Instrument grunted by Lender to uny tiuccessor in inlerest '��• ���•:�: . �
<br /> of Borrower shnll not operulc to mlcu.r the li:�biliry uf�he miginal Borrower or Borrower:succexxor m interctit. Lender �r'�y-�`'-+:::r „
<br /> � , , shull nol be reyuired to commrnce proceeding.ugum+�any xucres,or in intere�t or refuze�o extend time for ps�yment or � • -_
<br /> � otherwiw modify umortiiutian of the sums securcd My ihis Securi�y Iminimen�by rcutian ��f n�y demund made by the ,
<br /> „ original Bortower or BuRawer:succe,sor in interetit. Any forbeurunce by Lender in exercixing:my right or remedy xhull <.y���y,G__
<br /> • , not be n waiver oi or preclude the exerci.c of uny right ur rentcdy. r>. • -
<br /> � . t2. Successors and As�l�ns Bound: Joint and 5everul l.iabllity:Co•tiiRnerc. Thc covenuntti and ugreements ot' • �=`�=,=
<br /> � this Security Inslrument tihull bind und henefit Ihe.urce+.or�und aisi�!n,o(Lender unJ Burrower,,ubj�w�u�the provi.ions : _;—-_ �
<br /> ' of Poragruph 9.b. Bonoa•er's rovenunt+ anJ ugrerments shall I+c joint und �everul. Any Borcower who co-s�gns thiti . •"�M-�_
<br /> : ,, Security In�trument hut du►�s not execute�he No�e: (al i.r��-�i�ning�his Srruri�y In.lrument o�ily to mortguge,grsuit und . --
<br /> , " convey thut Borrower ti intcre,t in the Pro�xrty unJrr the�ertm of�hi.Srcurity In+lrument;lbl i�not pcnonully oblig:�teJ to ":�'`
<br /> pay thc xums secured by thi�Securiry In.trumrnt:an�1 Irl agrcrr�hat Lcndrr;uid;u�y othrr HaR��wcr muy ugree to ex�end. � .
<br /> 4 , modify.forbeur or muke uny uccommixli�lian.�•ith mg,vJ to�hc�crni.uf thi�Srcuriry In�trumem or the Note wi�hou�ths�t ,._.:;;,_�
<br /> ' Dorrowcr,cunticnt. V � �-•�':��� .
<br /> . ,.:.
<br /> ' `�•��'.' 13. Notices. Any noticc to Borrower providcd liir in�hiti Srcurit�/In+irum.m+hull Ix �iven b�/deliverin^it ur b�/ r�
<br /> .. '1�� ! � J t ! " �'.. ��'`.`5',Yici`4".
<br /> • � . muiling it by Cirst cluss m•ril unlcs. upplirublc law reyuirc.u.r uf;uiu�hcr mctMxl. Thc noticc zhull be Jirected ta thc ... . ' •.;�;•`-'-
<br /> , �•. Property Addre.s or uny othrr uJdrry. Bi�rrowrr Jcsignutr�hy rn�tirc to Lcnd�r. Any nolirr to Lcndcr shall br givcn by
<br /> '� " fint clu+s muil to Lendcr; uddr�+ti ,IU1eJ hercin �ir :w�• .�dJr�., l.rnJcr Jr�ignale. h�• noticr to Borcuwrr. Any notirr �
<br /> provided for in�hix 5ecuri�y In.trwnrn�.hall Ix dcrmed�o havr Ixen givcn to Honu���cr ur Lrndcr wlxn givcn a�pruvided �
<br /> in this paragraph. '
<br /> l4. GoverninR I.uw�: ticvcrubllih•. Thi. Serurily In+tninunt.hull t►��u�crnrd by I�rdrrul luu und Ihr law• of 1hr ,
<br /> } � jurixdicuon in which�hc I'ru�xrty is lix•:nrd. In Ihr rvcn� th:�� :m� proai,i��n ur.•lau.r�,f thi�Srrurity In.lrument or thr �
<br /> Nnte contlicts with appliraMle Icn�•. ,urh runllirl,hull no� :dlrr���Uier pravi.i�,n,uf thi� tirrunty In,truinent ur thr N��t�
<br /> which can ix eivcn rticct�vith�iut th�runllirtin�provi,ion. "li�thi.cnd thr pru�•i.iun.af ihi.Scruril�• Imtrumen�unJ thr .
<br /> � �� Notc um declur�J w ix.rcrr:ihlc.
<br /> „. 15. Borro�ver'ti l'op�. H„rro��•rr�h:ill Fk g��ru uur roid�,rmrJ rop�ul ihi.Srcuriiy In.trumrnt. .
<br /> 16. Assi�nment of Renls. liorru�«r unronditiimally a.,i�:n,.md u•:u►�hr.�u Lrnd�r all thc rcnt.and n�rnur.ul'Utr
<br /> ' propetly. Horrou•rr authoriir�Lrndrr or Lrnder'�aL�nh t�►rullert the rcnl�and«�rnur,and hcrrM•dirert.rarh trnam ut
<br /> . lhC Propch)'lci pay Ihi rent,Ii� LcnJer ur Lrndcr'�:��enl.. Hu��c�rr.priu�'lu Lendcr'+nnliir tu H„rcu«rr„1 I�urru��rr'.
<br /> � hrcach uf i+ny c�,vcnunl ar ugrermrnt in ihc tircurit� I n.trunum. H�,rruurr,h.�ll�•�dlrrl.m�l rrr�i�c.dl rrnt.anJ rc�•rnuc•ot
<br /> ' thr Pn,prny a.w.cr�ti�r thr Ixnrtit„f LrnJ.r anil N„rru��cr. llu.a��i�mncm��t irin.cun,ti�ut«an:�h.olutr a.,iEnmrnt
<br /> . and not an a�.iEnmrnt ti,r:idJiii�mal.crurny�ml;.
<br /> II'Lrndcr g�vr.nulir�ul hn:�ch 1��B��tiu�t�►: (:U.�II renl��i��•��cd h� liutn���rr�h:dl tx hrld h� Hurru��er:�+tru�tir
<br /> �..�� �. .�_.,
<br /> --- " — tiir henetit at Lendcr unly. 1��(K:Ir���ICU It�Illl`�Utll��CCI�rtU n� 1i�c:ii•imii♦ iu.i�u�ucni. ii�i i.iiiuii .uan ��. :�d'..�... :.:
<br /> collert and m�rivr all af thr rent.af�h�I'r�,�e�m::uid ici r.irh Irnaoi��t Ihe I'r„p��n� .h:ill p.i� .�II rrnh dur:�nd wq�aid ti�
<br /> I.endrr ur Lcndcr'ti ugrnt�m LcnJrr'.a rittrn�I��m:md Iu Ihc Icn.�nt.
<br /> B��rmwrr ha� uut r�rcu�cd :ir» pnur a,.ipnmrnt of Uir iem. and h.�.n„� ,inJ ��III Ilt�l �kfl��Ylll .m� act that ��uuld
<br /> i prcvrnt LenJcr frum r�rr�i.�ng il,ri�ht.undrr Ihi�1'.uarr:q,h I h
<br />' , Lendei �hall nut Ik r�yuircJ tu riUer u�M�o.tal.r runtrul „t ur iu:wit.nn 1h.I'�i��xrt� Iklutr„r aftrr�:i�m�.n„nrr �,I
<br />• hrcach�o Hurra��rr. Hu��«�r. I.rnd�r��r :� �udrci:dl� .ip�,nmlrJ rcrri�rr ma) J�� .�� ,U ,�m tun.• Iheir i• .�hi�.�ih. :\n)
<br /> 8�1(llll':IIIVII�t� Il'lll��I1:III Il�tl CIIfC�tr\\:u«any dcl.wll ui �m,d��Lilr,u�� ulhrr ii�:hl�,r rrmcJ� nt l.cndrr I�hi� e.,itnu�rnl
<br /> . of rent��,T 1hr I'ruExrl) �h:�ll tcnnm:ilr«hrn Ihr drl,l .r:wrd 1,� Ihr tircuril� In.umnrut i.p.u�l m t�dl.
<br /> •��.,�, �.i,�•.�:,„
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