|
... � � � . �. \ . . . ' . . . . . .. , ' � . ` . . . Y�� � �� � . . � c . !.'.. _ . . ' _ -, , _
<br /> �< __. . ._�.W�._.�___— " ! �. . ' ♦ . .� ' . ... .. . . � � . .. . . �. ' . ... _�. .�.."._.."__.— _�_�� .. � . `� � ( ��
<br /> � . � • _ � a��—. . . ._ '.�uY..�.;--_.
<br /> ; . 9� ��� . - . _
<br /> My amounts disbursed by Lender under this Paragraph shall become ao additional tlebi ot 6a,rrower and be secured by `q � :
<br /> this Secunty Instrument. These amounts shail bear mterest from the date ot d�sbursEment at tho Nole rate, and et Ihe opUOn pf .; _
<br /> • Lender,shalt be immediately due and payable •
<br />' . Bortovier shafl promptiy discharge any lien which has pdorty over this Secunty Instrument untess Bonower (3) agrees m , �
<br /> _•�J wnbng ro the payment of the obligation secured by the lien in a ma�ner acceptabte to lender (bl contests m good talth the lien . — � �`: '_
<br />-- � by. or Gefenm3 against entorcement of tne iien m. iegai vracee��nys whiah �r. tRt t�d�'s o4�n!on �p�ate to pre•rent the _ __ .._:_�__,_
<br /> entorcemertt of the lien; or (c) secures from the hotder of the Iien an agreement satis(actory to Lender subordinaling the lien to , , . �
<br /> , this Security Instrument. If Lender detertnines ihat any part of the ProRerty is subjact to a iien wh�ch may attain pnor�ty over th�s , , . ` -
<br /> Sewrity InstrumenL Lendar may q�ve Borrower a noUce�dentit�Mg the lien. Bonower shall sat�sty the lien or take one or more o1 � . . ,
<br /> - ihe actions set forth ab�ve wdhm 70 days of the grvmg of noUCe. , � ", . �_
<br /> r-' S. �66s.Lender may coliect fees and charges auThorrted by the Sectelary ------- , ;
<br /> `,� 9. Cirounds for Acceleratton of Deb� • � �' .
<br /> - (a) Def3trlL Lender may. except as limited by regulations issued by the Seaetary m the case ot payment defautts. :.♦4 , '
<br /> ; � require immediate payment in full of all sums secured by this Securtty Instrument rf. • ;
<br /> . ) (i) Borrower defautts by faifing to pay in tuil any monthly payment required by th�s Sewrtty Instrument pnor to or on • ,
<br /> _` � the due date of the nex[monthty payment or � _
<br /> ���
<br /> (i�Bortower defaufts by failing.for a penad of thirty days.to perform any other obligations wntained in this Securrty - _
<br /> •�:. _ ..._
<br /> lnstrument. • :. --�.
<br /> (lD) $ele 1{f�iYD�out Cred�t A�oprovaL Lmder shall. if permitted by appGcable law (induding section 341(d) af the '" ��_-;.-;�;}-
<br /> ^ GamSt Gertn�`n Depositary institutions Ad ef '�_2. 12 U.S.C. 1707j�3(d)) ana wrth the prior approval of ffie�e��ry. ,�:=-f�•r=`:�,�
<br /> .,.i,,� cza,.u.�imme�.*e 1=a11ment in hJ c.�afl the su-��szcured by this Security Instrumertt ii: . •r��
<br /> .,:;z4.'.k`.t ; ;.:► cr ��--r. �•. the R::4�a�':. cr a t��".�al interest in a trust ownmg all or part of the Praperey. is sotd cr ;,,�, . ,'t!��=�-'
<br /> �� ' 1 � � ;
<br /> � �-a-n��c L"�'Sr�'ed (:�-•?-:"ts-�r Qe�,�E�' !escent).and '�
<br /> ,E!?`.� (i;--E F778^'N G-_? ��:1?��=��a t���a-aser or grar.tee as his c'I�S'rinGpal r�Cence. cr t hc-�1:.^aw.-: � ����.,ly �'�ti;;t�",�;
<br /> tY''!�`-18' � ^ :�2 ?'�^_;. b:Jt "•S � hr� �+3j,'Y h25 r�;7. t.� 2RG"��e� i� 2COe��:�78 h�:1 'i'� ..:��'_ '" 3�JGt..
<br /> •�:ar.'za rs..s s: cr.c.:�.f� ,��•,, ,y�7-'
<br /> s�`s� -aq��sT��-�s o`. t e Seac�� . �' _,
<br /> f;`
<br /> ��i; Q4D {Tt3g�y�t. tf c(rcumstances acr�-'*� w��i� �zrzi: ��r2r to �eGwre immediate paymettt in °�L. b�: E.._.='ca -
<br /> - does nat RQ31�E SJC�I P81lR10I115. Lender does a�s�: �i�e .'s��``s w:th resped to subsequent events. : _
<br /> (�� Regulattotts of HUD Sec►et8ry. i� many c+-o,,r'stances regutations issued by the Secrefary will limit :�n•,
<br /> , Lender's rights. in the case o} payment defauits, to require �medlate payme�t in full and foreclose H nat paid. This ;,;;�• .
<br /> Security InsUUment does not authortze acceleration o�forectosure it not permitted by regulations oi the Secretary. ��L'� , ., � '.
<br /> (e) Mortgag� Nat Insured. Bortower agrees that H this Securfty Instrument and the Note are not determfied to ,: ` '._�
<br /> � be eltgibla tor insurance under the National Housing Act wdhfn 90 d�(8 ftom the date hereot. Lender �r'.�� ; ��
<br /> ;_ ;. .
<br /> , ma y. at its o pUOn re quire immedlate payment in fuil of all cums secured by th(s 3ecudty InsUUment. A written atatament •.�� . :`iY'
<br /> '� ' oi any authodzed agent of tho Secretery dated subsequent to 90 d8V8 (rom the date hereof, dedining '."�' '+;:,#�;•. i�
<br /> to insure thls Security Instrument and the Note. shall be deemed conGusive proot ot such inel�yibility. Notwithstanding
<br /> �T
<br /> �y
<br /> the toregoing, this option may not be exerdsed by Lenaer when the unavaitability oi insutance is soleiy due to Lender's =��
<br /> �•' � failure to remit a moRgage insurance premium to the Secretary- - .. �!�� -
<br /> .,. �'s•
<br /> � 10. FieltlStetetl9@nt.8ortower has a�Ight to be reinstated H Lender has requtred immediate payment In tull because oi
<br />,. 8orrov�ePs failure to pay an amount due undet the Note or this Secutiry Instrument This dght appiies even after forec{osure �
<br /> proceedings are (nstituted. To reinstate the Securiry Instrument. Borrower shall tender in a lump sum all amounts required to ,�,
<br /> bdng Borrower's account cunent including, to the extent theyr are obligations of Borrower u�der this Security Instrument, .��:�__.
<br /> toreclosure costs and reasonable and cus[omary attcmey's tees and e�enses property associated with the foreclosure �..-:_,!��__
<br /> proceedi�g. Upon relnstatement by Borro�ver,this 3��rhr .nsVument and the obtig:.:�:ns that it securea sfia0 re�-�in eftecl as ��_;ci��;.�., ���.
<br /> H Lendar had not required lmmedlate paymerrt in tu^;• k!au.ever, L�Qrr Is not reqL"aLd to pertnit rcair,.statemerrt if. �� t.ender has T `fr�"'�•°"`�`
<br /> f:`��, x�, .
<br /> hn'�{,"'
<br /> accepted reinstatement a8er the wmmenc2ment c1 "orecfosure proceedings w.w�in two years immediately precedsg tha • ;: ��a;��:::
<br /> . c o m m e n c e m e n t ot a current foreGoaure proceed'in g, (� reinstatement wtll preclude toreCiosure on diFferent ground3�tlse t't.::� -�_� _
<br /> _'R° .' -
<br /> or(n reinstatement will adversely afiect the priorityr a? �'�lien created by this Sec���f Instiument i;:xr.�:.?1�''a,.'�':`-
<br /> � 1+ ` .
<br /> � 11. B�rrower No! Released; Forbeac�,eo� By Le�2er Not a �'�'aiver.Extension of the time of payment or �-��-�--'"°°'�=�-`__
<br /> � mod�ca�:ore ot amortimtion o1 the sums secured by this Security :^��ment granted by Lender to any successor in interest�? ___._.� �_.�;'
<br /> ' BoROwer sha0 not operate to retease the pabiiity ot the original Bu±-c��ar or Borrower's successor In interest. Lender shall not bz '-`���"'•"�•
<br /> � required to commeace proceedings against any successor in interest or retuse to extend time 1or payment or otheiwise modify _�:�-;
<br /> amartization of the sums secured by this Secudty Instrume�t by reason of any demand made by the original 8onower or �• �;�:;;�.. _
<br /> � Bortawer's successor� in interest. My forbearance by Lender in exerGsing any dght or remedy shall nol be a waiver of or ' :`� �'��
<br />. preclude the exercise of any right or remedy. - ��*��^
<br /> � 12. Succesuors and Asslgns Bound; Joint aRd Several Lia6tlity; Co-signers. The covenunts and �,�;���'�y�.ti,,::
<br /> � � agreements o1 this Sewrity InsVument shail bind and benefit the successors and esslgns o1 Lender and Bonower, subJect to the :�r�.�i�sns--
<br /> provislons o1 Paragraph 8(b). Bonower's covenants and agreements shall Ge Jolnt and several. Any Bortower who co•signs this "-�1�:�' ,�±";
<br /> � Security Instrument but does not oxecuto the Note: (a) is casigning ihis Security Insttument onty to mortgage,grant and convey
<br /> Ihat Bortowers interest in tho Praperty under the tertns of this Security Instrument: (D) Is not personalty obliga2�d to pay ihe �� ''���~
<br /> - • sums secured by lhis Sacuriry Instrument: end (c) agrees that Lender and any other Borrower may agtee to extend. modity, . ,
<br /> : � . forbear or make any accommodatfons with regerd to tho term oi ihis Security Instrument or the Note without that Boaower's � • .
<br /> ' consent. ,� _
<br /> . 13. NOtICes.Any notice to Bortower provided for In this Security InsVument shail be given by delivering it or by maiiing it .
<br /> by first ciass mzil untess applicable law requires use of another method. The notice shall be directed to the Property Address or •
<br /> " any olher address 8ortower designates by notice to Lender. Any notice to Lender sha11 be g'rren by first class mail to Lender's .
<br /> address stated herein or any address Lender designates by noUce to Bortower. Any notice provided 1or in thls Secudty . .
<br /> • Inswment sha:l be d=_*�ned to have been given to 8ortower or Lender when given as provided in this paragraph. � .
<br /> , � t4. �cverrrirg Law: Sev01'8bility. This Security in���rent shait be govemed by federal law and the law of-r�>
<br /> � .,i��!,a- .n ,st,:��� u��e Property is located. In the event that a�, rn'ovision er Gause of this Securily Instrument or the "Js:� : '
<br /> . � E-. _ .
<br /> �' � � _. . :r� ,_ ,::a � . E� � =��'':c::;.
<br /> . 'J� �� � �r�'!�'
<br /> . I �` . � '
<br /> . �; 95t6o , _�_ � .
<br /> I
<br /> � •,:
<br /> � • • , • �Ly' . . �ti • � .
<br /> : ' . , . . . . . �,�'.�: . ��• . .
<br /> �'• . � . , '' .. , . . .
<br />.. . � � . ' ._ . . . . � , . . . . . • , .. � u .� �. . ,. . , . . .:j .. „ . .. . ., . � � .. . . _ • �. �-
<br />
|