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<br /> ';;;�' ptryments,which arc rofcrred to in Paragruph 2.or chenge the amount of such paymentR. Any excess prceeedn over an
<br /> - - amount�uited to pay rlf ou�wndin�indebt«Lus�w wulcr d�c Nwt anci thi�Sc:cudty lnsuument sholi be paid to!he cntity �_
<br /> �r. :r j- , �0�8uy CIIII►�Cd 1�1�1�GI0.
<br /> ���!• •':�r. ~ ., 8. Fleea. L.ender mny collect fecs and char�ea outhorized by the Secretnry.
<br /> � ' 9. Grounds tor Axekration ot Deb�
<br /> :�:����".��;: (a)Dotault. Lender may,except ag limited by regulatfons issued by�he Secretary in the caxe of payment def�uita,
<br /> ' '� �equir�e immediate�uymant in full of all sums securocl by this Se�:urity Inrtrumenl if: -
<br /> , ,�:.,_ A,�, (i)Horrower defaults by failiog to pay�ln full any monthly payment requircd by this Security Instrument pdor
<br /> = 4h� ' to or an the due dato of thc next monthly puyment,or
<br /> (ii)Borrower dcPaults by failing,for a periad of lhirty dnys,to perform uny other obligutions contained in IhiR
<br /> : �,----------'° Sccur!ty�dnatrumens.
<br /> �:�•• 'b:•• (b)SAIe Without Cndit Approval. Lender shnll,if permitted by opplicable law and whh the prior approval af the �
<br /> w;`�;���,�.4��r •� 3ecnetary.require immediate payment ln full of all the sums secured by this Securi[y Inspument if:
<br /> —� ���-�-•-- (i)All oe part of the Property.or a bcncficiul interest in a tn�t ownjng ell or part of�he Property.is xold or
<br /> - .si;4�.:::p;���' ' otherwia�e trat�sferred(aher than by devise or descent)by the Borrowcr,sind
<br /> --�,������ •. �;;.; (ii)The Property is not occupied by the purchaser or g�tee as his or h�r principal residence,or Ihe purchaser
<br /> - ``""' or grantee dues so accupy the Property but hia or her credit has not been approved in uccordance
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<br /> .��� with the requirements of the Secretary.
<br /> .�-_���y.;. " " � (c)No Wolver. [f circumstonces occur that would permit L.ender to require immediate payment in full.but Lender
<br /> . .• '~° � �•,.:•.,� does not rcquire such Payments,Lender dces not walve its rights with respect to subseyuent events.
<br /> *:w ,I+„ '�" (d)Re�ulaqau ot HUD SecreWry. In muny circumstancea regulutions issued by the Secretary will limit Lender�
<br /> � _-- —��"�`4:�.• r�ghta, in Q�e case of payment defaults. to rcquire immediate payment in full and fbreclose if not id. Thir _._
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<br /> • � � Security Insnument does not nuthor�ze acceleration or foreclosure if not permitted by regulations af the ecrctary.
<br /> ''!` ,.., :;,w . . (e)Mortgs�ge Not Insured. �orrower agrees that shauld this Securlry Instrument and the note cecured theieby not
<br /> . ,� • .. , be eligible for insurance under the Natiunal Housing Act within from ihe
<br /> =- date hereof,Lender may.at its option nnd notwithstanding nnything In Purngraph 9,require immediate payment in
<br /> � . '�� *'� full of all sums secured by this Security Instrument. A written stetement af uny authorized agent of the Secretary
<br /> _.;_���� ",,z dated subsequent to from the date hereof,decflning to insure this Security
<br /> '...� n Inswment und the note secured thereby.shall be deemed conclusive proof of such ineligibility. Notwithstanding
<br /> `d � � the foregoing. thi4 option may not 6c exercised by Lender when the unavuilability of insurance is solely due to
<br /> � • � � -• "� Lender§failure to remit a mortgage insuronce premium ta the Secretnry.
<br /> " ^ 10. ReinstAtement. Borrower hns a right to be reinstated if Lender has required immediute payment in fuli because
<br /> .:,, ,,, of BorrowerR failure ro pay an umount due under the•Notc or this Security Instrument. This right applies even ufter
<br /> -- - foreclosure proceedings are insututed. 7'o reinste[e t he Security inairumen[, Burwwar nhall tettder in a luin p sum all
<br /> • . amounts required to bring Borrowers account cuRent including,to the extent they are obligutions of Borrower under this
<br /> Security Instrumen�,foreclosure costs und rensonable and customary nttomeys'fees und expenses properly a.csocieted with
<br />•�' ; , the foreclosure proceeding. Upon reinstntement by Borrower,this Security Instrument und the obligauons that it secures
<br /> sholl remaio in effect as if Lender had nat rcyuired immediute payment in full. However,Lender ls not reyuired to Permlt
<br /> reinstatement if: (i) Lender hati accepted remstotement after the commencement of foreclasure proceedings withm two
<br /> • _. years immediutely preceding the commencement uf u current foreclorure prc�ceeding, (iil reinstntement will preclude
<br /> . foreclagure on differem gmunds in the future,or liii)reinstatement will adver�ely affect the priority of the lien created by
<br /> :•��y this Security Instrument.
<br /> _ �-:;, 11. Borrower Not Released; Forbearance bv l.ender Not a Walver. 6x�ension of the time of puyment or
<br /> modiGcation of umortization of the sums secured by this Security Instrument grnnted by Lender to any wccessor�n i�terest _
<br /> �,,,1.. � ��, of Horrower shull nut operate ro relecise the liability of the origmul Borrower or Borrower g successor in interest. Lender
<br /> ► . shall nat be required to commence prcx:erding. ugwn+t m�� ,ucce„ur in intcretit or refusc to extend time for papment or �'
<br /> 't�" otherwise modify amonization of the sums secured by th�s Securiry Instrument by mason of uny demund mude by the
<br /> odginal Borrower or Borrower's succexson in interest. Any for b cs�runcc by Len dcr in e xc rc i s i n g u n y ri g h t o r r e m e d y s h a l l
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<br /> ,�.. " not be u waiver of or preclude thc exercisc of any right or remedv.
<br /> " � �.•;.- IZ. Successors aud Asslgna Baund; Joint and Sevcral�.iabillty:Ca•Si�ners. Thc covenants und ugreemems of �'-''
<br /> c. `��;�` . this Securiry Instrument shall bind nnd benetit the successurn und uzsigns of'Lender und B��rmwer,subject to the provisions ---
<br /> � of Parngraph 9.b. Borrower's covenunts und ugreements shull be j�int and ,rvcrul. Any Borrower who co-signs this ---
<br /> ' "' Security Instrument but dces nat executc�hc Note: tu) is co-signing�his Security In+trumcnt only to mortgnge,gmnt and �-
<br /> '� convey th�t Borrower;interest in the Pn�peny under the term+of this Sccuriry Ins�rument;lb)i.not personally obligs�tcd to
<br /> a the sumx secured h this Serurit Intitrument;und(cl ugr�eti�hul Lcnder anJ uny uther Borrower muy agree ro extend. ��
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<br /> � mcxlify,forbenr or muke uny accommodations wflh rcgurd to the ternis of this Security Instrument or the Note without tho1
<br /> . ' Borrowcr's consent. _.-
<br /> � 13. Noticea. Any nuticc w Borrower provided for in thiti 5ccurity Instrumcn� �h•rll br given by delivcring it or by
<br /> ' � moiling it by first clux� mail unlctis upplicuble law reyuirc,use uf unothcr mcthai. Thr notirr shull bc direcled to Ihc �*=-
<br />. � ;+ .. ' Properiy Addrexs or any other s�ddres�Bortower detiignutc� hy noticc to Lcndcr. Any notirc to Lender tihull be given by
<br /> • first clasx mail to Lc�xlers udJrr+ti �tated herein or uny aJJre+x Lender dcsiEna�r� by nuticc lu B�xrower. Any notice
<br /> Provided for in this Sccurity Instnimem tihull ix dcemeJ t��huvc hcen�;iven�i�liorrowcr ur Lcnder whcn given ux provided
<br /> ' ' � in this paruFruph.
<br /> ' 14. (:overnin� Luw: ticverabilitv. This Seruriry In�lrument �hull tx guvrmrd hy Frdrrul luw and thc luw of the
<br /> � � ' jurisdiction in which Ihc Prop�:rty ix lixatcd, In thr cvcnt that any provi�ion nr rluu.c ot'thi+Security Inxtnimcnt or thc
<br /> Nntc contlictx with apQlicablc laH•.tiuch cuntlirt�hall no1 :d'Icrl��thrr pm�•i,i�►n+��f ihi,Scrurity In.trument i�r Ihc Ni�tc
<br /> ., which cun lx given eftect withuut Ihc contlirtinE pruvi�iun. 'I'i�Ihis end thr pruvi+ion�of�hiti Securi�y Inswment und the
<br /> Nole ure dcrlurtrd lu tx s��v�r�1Mr.
<br /> I5. Bnrrnwer'ti Copv. R��rruwrr�hall Ix pivcn unr r��nti�rmrd r��py nl thi�5ccurity In.trumrnt. E
<br /> , ' 16. Awvi�nment nP Rentc. Norrowcr unconditi��nully a�.i�n�and tran.lcr.tu LrnJrr i�ll Ihr rcnt���nd rovenucti of Ihc �
<br /> • Pro�x:rty. Borrowcr uuthoriic�Lendrr ur Lrndcr'+a�rnl,lu r��llcrt Ihr rcm�and rrvrnuc,anJ hcr�h�•Jircct�cuch trnunt uf
<br /> �hc I�ropeny to puy thc rrnts to l.cndcr ur Lendcr: a}�cn1.. Ho��•evrr. pri„r lu Lcndrr: nulicc lu Born�wrr oi'Rorruwcr.l
<br /> bmuch uf uny cuvenunt ur agrcrmcm in�hc Srrurily Imtrumenl.B��rro��•rr�haU r��Urrl and receivr all renl.und n�venucx uf �
<br /> the Nropct1y us Irustee fix thr hencli� of LrnJrr anJ H��rrowrr. This a.,iEnmcnt��f rrnl,ci,n+titutcs an nhsolutr as,ignment '
<br /> — �— � und not an assignment tur�dwuunai�rruri�y aniy. •
<br /> , • If Lendcr�;ivcti nuticr i�f hrrarh lo H��rruwrr: lal:�II rem�rcc�•i�rd hy I;urru�vrr�hall h�hrld hy Bonowrr a, Iras�cc ,
<br /> „ for henctit nl'Lendrr only. t��Ix ��rni�«i ����i,� wi�i��rrurcJ I,y du tirrori�� In,trinnrnt: lh1 Lrndrr�hall tx entiilyd tn
<br /> collcct und mrcivc ull irt'thc rrnts ol'th► I'ru�xrty::uid lrl ruch�rnum��t ih�1'�o�krty.hidl pay ull mmti dur und unpuiJ tu
<br /> � . � Lcndcr ar 1_enJcr'+u�rnt un I.cnJcrz wriUCn Jentmtcl la thr tenunl. •
<br /> ' Burruwcr hu,nui ex��rutcJ nny priar a�cignmrnt uf Ihr itnu anJ ha. not anJ «�ill n�it prrti�nn any art Ihat �va��IJ �
<br /> � � • . . ... .: �... .�...:::::::• :':::....�..�. ir.
<br /> — " --- �---- �n�i�ui�.�iiu�i ii.;iii�nC:Ci..iiip:..�.r.�,..u�.. .. ,p....�... . .
<br /> " LcnJrr.ht�ll nu1 Ix requircd w rntrr upun.lil{Ct i011lt'u� u(ul'O1:IIIlL'llll I�IC Nruper��• Ix lurc uC :dicr gn•in�:n��lirc u(
<br /> brcurh to Borrow�r. Iluwcvcr. Lcndrr ur a judiciull�• :�p��intcd �rrrivrr m�ty du w.0 um• litnr ih�rc i, a hr�ui�h. Arn•
<br /> applicuti�m ul'nn1.�hall not curr ar warvr any dcl:�ull ur invalid:ur am�uther n�ht or remr�ip ut'I.rndrr. �I'hi.a.,ipnmrnt
<br /> ' ul rcnt+ol'Ihr I�ro�xrty.hall Irrminatc whcn Ihr Jrbt,rcurc�l ln•ihr tirrunty In,lrwnrm i,paiJ in lull.
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