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<br /> ',� paymentc,which onc rofarrcd to in Para�ruph 2,or changc It,e iunount of auch puymente. Any cacesa proceeda orer on
<br /> pmountrequired to pny�II ouutandin�indebtedneor under the Noto Nnd�hi�Security In�wment ahall be peid�o Ihe entlty
<br /> le�dly antided lhcreto.
<br /> — e. Fen. Lender m�y collect fas and chtuQes Autl�orized by�he Secretwy.
<br /> 9. Crouad�foe Accekraflon o�Debt. '
<br /> '� (o)Defiult. Lender mey,escept as limited by regulations i�aued by the Secrc�nry in the cese of puyment defwlt�,
<br /> �s� roquiro immediptep�►yment in iull of all suma cecund by lhis Secur�ry ingwment iF.
<br /> � (i)Borrowerdefauita by f�iling to pay in full any monthly paymcnt nquircd by this Security Inrwment pdor
<br /> - to or on thc due datc of 1hc next monthly payment,or -
<br /> (ii)Bomnwer default�by faili��,fix A perlad oP thirty dnys,ta perf'wm any olher oblig�tiur�s comained in ihic
<br /> ,� Security lnsuument.
<br /> --- (b)SWe Wlthout Crodlt Approv�l. Lender shall.lf permitted by applicuble law und with�Iw prior approvel of 1he
<br /> � — 3ecretary.roquiro immediva poyment in fu4nf�ll tho suma securtd by this Secu�iry In.rin�ment if:
<br /> ,�,,,,,,,.=,�.,�„�,e� (i)Alt or pwt of the Property.or a banCif'��intaest in a tn�st owniny�all or�rt of the Pioperty. is sold or
<br /> otherwi�e transfemed(other th�n by devlea ur d�s�tl by 1he Borrowar,wsd
<br />--�-�� __-_-- - (ii)The Propc�ty is not occupied by the purchaser or grnntec as hia ur her principul residence,or the purcheser
<br /> -- - or granlee does so occupy the Propeny but his or her cr�edit hss not been approved in accordonce
<br /> ---__---=� with the requirementa of the Secretary.
<br /> r' (c)No Waiver. If circumstancea occur that wouid pem�it Lender ta require immediate payment ln futl,but Lender
<br /> �� daes not require auchpayments,Lender does not weive itx rights wilh respect�o subsequent events.
<br /> ����,'�,4� (d)ReQuls�tlong ot HUD Seeretary. Ir�many cit+cumswnces regulntions issued by ihe Secretary wlll limit L.ender�r
<br /> ,.�.,.,..���.o rfghts. in INe caso of payment defaults, to require immedinte peyment in full and foreclose if not pald. Thic
<br /> - -- Securiry Instrument daes not authoriu acceleration ar foreclosure if not permined by regulations of the�ecretary.
<br /> � _'-=-- (e)Mortgage Not U�sured. Bo�rower egrees ihat should this Securiry ln�trument ond the note secured thereby not -
<br />__ ���r� '� be eligible for insurance under the NYtional Housing Act wlthin fmm the
<br /> ° .��,
<br /> ----- date hereof.l.ender may,at its option and notwiths�anding unything in Parugaph 9,require immediate payment in
<br /> ���.�'.�••M1��� full of all aums secw+ed by this Securiry Inswmcnt. A written statement of uny Autl�orized agent of the Secretnry _
<br /> �,�,`�`"���' dated subsequent to from thc date hercof.declining to in4ure ihis Secudry
<br />--�',�;;��;,:;.;,,��;,.., Inswment and the note secured thereby,shall be deemed conclusive proof of such ineligibility. Notwithstanding
<br /> -- � ,�' . ihe foregoing. this aptlon may not be ezercised by Lender when the unavailability af insurnnce is solely dae ro
<br /> �a }..�K'�I�� ;•�� •
<br /> � =���•�=�;.�:s•.�..•�' Lender'�failure to remit a mortgage insurance premium ta 1he Secretury.
<br /> " • 10. Refn�tatcmen� Borrower has a right to be rcinsteted if l.ender has required immediate poyment in full becausc _.
<br /> G..•+,.`:a..i.
<br /> �. �' of Bomower's failure to pay en amount due under the•Note or thia Security Instrument. '[l�is right applies even nt"ter
<br /> �:.t fonclosure proccedings are instltuted. 'Ib reinstate the Security Inatrument. Borrower sh�ll tender in a lump sum nll
<br /> --�='�''�t°�"° amounts rcguircd to bnng Borrower's account current including,to the rxtPnt they am nhligntions of Borrower under this �
<br />_ � •�b�-�,��:.• Security Insirumcnt,iora;iunuia costs and reacanablc atu3 casiom�ry attomeys'fe�:and expeases ptopesly associsted ts�itli
<br /> "-� • �'..""Fl` the foreclosu�e proceeding. Upon r+einstatement by Borrower.this Security insuument und the obligations thet it secures
<br />-�.
<br /> 1�._�,,;;;:�;,, shall remain in effect as if L.endcr had not rec�uired immediate puyment in full. However,Lender Is not required topermit
<br /> `�_ ' ;. ' neinstatement iF. (i)Lender has accepted remstatement after the commencement of foreclosure proceedings wlihin two
<br /> . ' �` years immediately preceding the commencement af a curtent foreclosure proceeding, (ii) reinstatement will preclude
<br /> e
<br /> — � ��'��� • foreciosure on different grounds in the future,or(iii)reinstu�ement will adversely afiect the priority of the lien created by
<br /> _ •� `��,,,., � this Security instrument.
<br /> : ..�;;��•,... � r � 11. Nurrower Not Released; Forbearance b� Leader Not a Weiver. Extension of the time of payment or
<br /> •° modification of amortization of the sums secured by th�s Security Instrument gramed by Lender to any successor in interest _
<br /> -' °"�"-'°r: of Borrower shall not opera�e to relcasc the liubility of the originul Borrower ar Barrower's successor in interest. Lender
<br /> ' -��'�`�`�� � � '?N� shall not be required to commence proceeding4 agamst anZ successor in interest o�refuse�o extend time for payment or _
<br /> ..:s= '��'!'"` - othenvlse modify nmortization of the sums xecured hy th�s Security Instrumem by reasan of nny demand made by the -
<br />�J,:�,, -.°�'•.• „ original Borrower or Borrower's successor4 in interes�. Any forbeurunce by Lender in ezereising any right or rernedy shall _
<br /> ' w��.'d"'�.'"�.,�;,5„""' not b 1Z.wSucees.so onduAss gns H und�Joint and Sev al Liability;Co-Slgners. The covenants and agreements of =
<br /> �,: •, 1 -
<br /> � +!.*��' �• � thia Security Instrument shall bind and benefit Ihe successon und cusigns of l.ender and Borrower,gubject to the provisions
<br /> `� ���'LL•'�� of Porugmph 9.b. Borrower!s covenants and ugreementx xhull be joint und severul. Any Borrower who ca-signs this
<br /> - � tr �� . TM Security Inswment but daes not execute the Note: (al fs ca•signing tbis Securiry Ins�niment only to mongage,gmnt and �
<br /> __;;� � � ,. "� convey that Borrower's interest in the Property under the terms of this Securiry Instrumenr,(b)ix no�personAlly obNgatcd to
<br /> s � �J �• pay the sums secured by this Securiry Instrument;und Ic) agreeti that Lender and uny other Borrower may agree to extend.
<br /> �`� .���:._.� ' modify.forbenr or muke uny occommodations with mgurd ro the tertns of thiti Secu�iry Instrument or the Note without that
<br /> _.� (!,'!�''"'� +, Borrowcr�wnsent. -
<br /> '��`.`� :).�, l3. Notices. Any notice to Borrowe�provided for in�his Security Instrument shall 6e giv�n by delivering it or by
<br />,�,, mnilin� it by first class mail unless upplicable luw rcyuire�use of:mothcr method. The notice shull be directed to the
<br /> � ;,T' , , Property Addrexs or uny other uddress Borrower dezignate,by nolice lo Lcnder. Anp notice to Lender shul)be given by
<br /> - ���� r sx � d hercin or un uddrcs, Lendcr desi ma14s b notice to Borrower. An notice
<br /> -:.� ., , first cluss mail to Lender's udd c tule y b y y
<br />;de;: � ' a - provided for in this Security Instrument shall be dcemcd to huvc hcen givrn to Borrowcr or Lender wlx;n given us provided
<br />;< < '� in this parngraph.
<br /> 14. Cuverning[.aw:SeverAbility. This Scrurity Instrumcnt shull tx govcrneJ hy Fcdrral law und the luw of the _
<br /> ,_ � � jurisdiction in which the Property ir Icxuled. In Ihe evrnt Ihat uny provision nr rlautie i�f thi+Srcurity Instrument or the F
<br /> • � Note conflictti with apQlicable I•rw,tiunc�ontlict shall not affcct u�hrr provi�iun�uf Ihi,Security Imtrument or the Note G
<br /> . •`� • which cun be given eftect without the ronilirting provi,ion. Ti�thi.end thr pravitiicxis uf thi,Securiry In.trument and the `
<br /> Note ure declured to be.evcrablr.
<br /> •. 15. Borrower's Cop,v. Borrowcr.ht�ll Ix givrn onc c��nti,rnied ropy��f�his Srrurity Intitrumem. _.
<br /> ' " 16. AsviRnment af Renl.s. Borrowcr uncunJitianaUy a+.ign,anJ Iran+lrr.to Lendcr all thr nnh amJ rrvenur�uf thr -
<br /> . Propeny. Borrower uuthorire.Lrndcr ur Lend�r',a�cnt. to cuUert thc rcnt�und revrnur+and hercby Jirccn cxh tenunt ot' =
<br /> ° the Propeny to pay thc Rntx to Lrndcr ur LenJrr:ugentx. Hu��ever,priur to l.ender: notire to Borrow�r oF Borruw•er's --
<br /> . � � �,,' bRarh uf;my covcnunt or agreement in thr 3crurity In.trumrnl,Bnrrowcr shall rolkct and mrci�•c all rcnl�and n vrnues of' �
<br /> , the Properly us Iru.ler tix th�Ixnrfit of Lrndrr and t3om�wrr. Thiti a�.ignmcnt of mms conx�itutex un ahsolutc usxignmcnt �
<br /> � •;. „ und not an assignment for additional.rcunry�mly. °
<br /> If Lendcr Five.notire��I'bnurh Ir H��m�wer. lal all rent�rcrrivrd by B�ircoa�rr.hall Ix hcld hy 8orru��•er a.lruxtce t
<br /> �5�1�' '_f!Y�� L' _I:..1 . .L� . ....� 1... �1... C........�.. 1...�...........�. •L� 1 .....1..� ..L..�1 L.. :��...J• �
<br /> - - W(OCItCIII UI l.C�IUCI �niit. Iti �ti aiF��n��u ��.�m .•wi:i::Cu�• .• u.. u.. � u�.n.u.. .. tv.� .u�� . uu an iuu� �:i —
<br /> � ' rollect:u�d n:ccivc all of ihr mm.of thr I'�oFxny::md�r)r:Kh�lrnant ol Ihr�!'ro�xrt���hall pay all�rcniti dur and�unpaid t�� t
<br /> ° `�� Lcndcr or Lendcr:•rgcnt on Lrndcr'.��rittrn drmand tu thr�cnanL �
<br /> Burrower h�,nut exccutrd any �riur a..i�:nmrn�ut'�hr r�m. and ha. nat aitd a�ill nat�xrt'onn :my ari thut w•uuld �
<br /> �� , prevent LenJer frum rrrrci.in�;it+ri�ht�w�drr thi.I'ara�r:iph 1 h. E
<br /> .. LenJer�hall nut be reyuinJ�u rntcr uExm. 1;�r r„ntrol �,f ur mainlaii� 1hr F'ru�xny hrti,rc ��r at'trr givinR nuticr af
<br /> brcuch w B��rn�w•er. Ho��evrr.Lrndrr ur a juJi�iall>"up�nntcd rcrci��rr ma� Ju .0 ut am timc:hrrr is ;►hrrarh. ,\n)• �
<br /> . , aPPlicatian at'mnh,hall nnt rurc�,r��ai�r:m�•J�I:�ult or imal�dale anp��ther right ur rimeJ� uf l.�ndrr. '1'hi,:�.,i�:nment ',
<br /> ot'rcnt,of the Pro�xrt�•�hall�ern�ina�r wl►rn thr Jrht,�rured by the tirruri��•In.trumrn� i.paid in I�ull.
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