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<br /> � • Any nmounty disbtarsnd by l.ender under thls Puregraph shall becomo nn additional debt ol orrawer �u�d be��ocivad by �
<br /> �Ihfs Sc;cunty Instnnncnl- Thesu wnounis shnll 6ear interesl (rom Ihr dnlo ol di;bursemrnl ��I the Nutu rd��. ,md .it Ihr �ipliun ul
<br /> Lr:�der. •;hall bo immcdlalCly duu�u�d p��y;iblu
<br /> f3oirower shall prornptly duchr.rye nny Gen whlch fms pnoury over Ihis Secuiiry Instrurnenl unlese Hurrowcr (a� .igm�e:•m
<br /> �•i wnuny tu lhe paymenl 01 ih� obllyn�ion sacurQd hy lho liem m �manner accepinUlo tu Lendcr. (b) contest:,m guoi.l Iailh Ih�� hcn
<br /> by. or detends agalnst entorcement ot Ihn han in, lo�al proceudings wfdch fn ihe Lenders opininn oper.d�� Iu p��•vrnl I�u•
<br />... : ?� �.nlorcemenl ol tho Ilen: or (c) securos Irom tho holder ol lhe hen :+n agrrJement :;auslaclory to Lender .uGuidinaUny ilu•lirn In
<br /> - , lhis Security Instrument. II Lender determines thal any paA o1 ihu Properiy is sub�ecl In a hen which may :�llnin pnouly uvui Ilus
<br />, .;. Security InstrumenL Lender may givo 8orrower o nouce iACntrtyine� �hu hun. douuw�� ahall ,al,:,ly Ihu hu� u� l.,h� �n�ui morc ut
<br /> :;:;,,L,. . � Rio acUons sot torth ebovo within 10 days of tho givinc� 01 nouco.
<br /> 8. F099. Lender may collact lees and charc�es authorized by tho Secrotary.
<br /> '�"�""�� 9. Grounds for Acceloratlon o1 Dobt.
<br /> (a) DBfault. Lendor may, oxcept Rs limited by regulatlons Issuad by tho Sncrotary in lhe case ol payment detAUlls,
<br /> �� reyuira immedialo pnyment in iull 01 NII sums secured by lhis Security Instrument it-
<br /> . (i) Borrower detaulls by lailing to pay In tull any monthly payment required by this Secunty InsVument pnur to or on =.
<br /> �`�..y Iha due dr�te ot tho noxt manthly payment, or -
<br />�=..�� (ii) Borrower detaults by(ailing,tor a pedod ol thirty days, to peAorm any other obligatlons coNained in Ihis Secuuty =
<br /> "� .'� Instrument_
<br /> '���' ��w,'�` (b) Sale Without Credit Approval. Lender shall, i1 pertnflted by applicable law (Including sectlon 841(d) of Ihe
<br /> , '�`}'�a� CiamSt Qennain Depository Institutfons Act of 1982. 12 U.S.G. 1701j-3(d)) and with the prlor approval ot Ihe Secretary.
<br /> ��n:.i`'`-.
<br /> •�2� •"- requlre immedlata payment in tuii ol ail the sums secured by thf�Secudty InsWment if: �
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<br /> -��-���w't (i) All or pad of the Property, or a benaficlal interest in o trust ownln� all or part oi the Property. fs sold or
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<br /> i,�� otherwlse tmns}erred (other than by devlse or descent),end
<br /> :_:�•� pi) The Property Is not occupled by the purchaser or granteo as his or her principal rasidence. or Ihe purr,haser or
<br /> -.�� grantoo does so occupy the Proporty, but his or her credit has not been epproved In accordance with lha
<br />.;�'�;��,. requiremenls ot the Secratary.
<br />_�;��?�L (C) NO WaiV81. If circumstancos occur that would permit 4ender to require immediate payment in fuli. but Lender
<br /> "' does not requfre such peymenls, Lender daes not waNe its riyhts with respect to subsequenl events.
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<br />�����'`� � (d) Regulatlons of HUD Seeretery. In many circumstances rec�ulntions issued hy the Secretery wiu limlt
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<br /> __,;_o,:��� Lender's rlghts, In the case of payment defaults, to requlre immadleto paymont in tull end loroclose i1 not pald. This
<br />-=-��`�� Security InstrumeM daos not autho�izo acceleratlon or loreclosure it not permitted by regulatbns ot ihe Secretary.
<br /> _- _=' ttli ;,;,��,ya�a ls�t ::iSi:.oi�. �o^o�:�sg'�s t!!_! �!!nIG Car�,�ritv InatrumQnt and the Note are not dot�rmined to _
<br /> _'��� be eligible for insurence under the National hlousing Act within 90 day� • from the dute hereol, Lender
<br /> _;,ti.�,�� may,at its optlon roqulre Immedlete payment In full of all sums secured by ihis Secudty Instrument. A w�illen statement
<br /> --_�-_. 01 any authorized agent ot the Secretary dated subsequsnt to 90 deV9 Irom the date hereof, declinfng
<br /> to Insure lhls Security lnstrumont�nd the Note, shall be deemed conclusivo proof ot such Inoli�ihility. Nolwithstanding
<br /> "- the foregoing, Ihis option may nat be oxorclsad 6y Lender when the unavailability of Insur�nce Is sololy duo ta Lender's
<br /> — -- • faflure to remft e mortguge fnsuranc� premlum to the Secretary.
<br /> -� 10. Relnetetettletlt.Bortower.has a dght to be relnstated it Lender has requlred Immedlato payment in NY because of
<br /> Borrower's failurn to pay an emount oUo under the Note or thls Securiry Instrument. 7hls right applles even after foreclosure
<br /> proceedings are instituted. To relnstato tho Securlty Instrument, BoROwer shall tender In a lump sum ull amounls requlred to
<br /> b�ing Borrowor's sccount current Including, to the extent thoy are obligutlons nf Borrower undor thls Securfry Instrument,
<br /> toreclosure costs end reasonable and customary attomey's tees qnd expenses properly assocletad with the farectosure
<br /> praceeding.Upon relnstetement by BoROwer, this Security Instrument end the obllgatlons that it secures shall remaN In ettect as
<br /> If Lend�r had not required Immediate payment In (ull. However, Lender Is not requlred to permlt refnstalement ii: p) Lender hns
<br /> accepted ralnstatement after the commencemenl of ioreclosura proceadinys wlthln twa yza� �mmedlataly precediny the
<br /> commencement of a current foreclosuro proceeding, (ii) re:nstatement will pracludo foreclosure on diflerent grounds in the lulure,
<br /> or(ili)retnstatement wtll adversely attect the priority of the Ilen created by thfs Security Instrument.
<br /> ,:�0 11. Borrower Not Released; Forbearance By Lender Not a Walvor. Extenston of the time af payment or
<br /> modi0ca41on ot amuRizntlon of the sums secured by this Seauity Instrument granted by Lender to any successor in fnteresl ol
<br /> --- = Borrower sliall not operete to release iho Ilahiliry of tho o�iginal Borrower or Borrower's successor in Interest. Lender shell nol bn
<br /> "- requlred to commence proceedings �c�ninst uny successor In Interest or retuse to eMend timn tor payment or otherwise modify
<br /> amorlizt�tlon ot the sums secured by this Secudty Instrument by renson o1 nny damend made hy the originul Borrower or
<br /> - Bor►ower's succossora In Interest. Any forbeAranca by Lender in exercising any rlght or remedy shali not be e wahrer ol or
<br /> __ - precludo tho exerdse oi any dght or remedy.
<br /> -=— `.� 12. Suacessare and Asslgns Bound; Joint and �everaa Liabllity; Co-signera. The covenants ond
<br /> - _- - - ngreements of thls Securlty Instrument shall bind and benefit Iho successors and asslgns of Lander nnd Borrower,subJect to the
<br /> -_-�-`��'''��°- provislons o1 Paragraph 8(h). Borrower's covenants anJ egroements shall bo Jolnt and severnl. Any Borrower who coafgns this
<br /> _.;;;.*y;i%riinr:�i
<br /> _--_ ' 3ecudly Instrument bu1 doos not execute the Note: (a)Is co•slgning thls Secudly Inotrument only to mortgage, gmnt and convey _
<br /> -___��"�,'"-'ra�; that Borrower's Interesl In the Property under tho temts of this Securiry InstrumeN; (b) Is not personally obligaled to pay the
<br /> -�_'FN,hiS," ;%. _
<br /> -:�-�•4,,;�;��-.. sums secured by thia 3ecurity Instn�menl: and (o) ayree� that Lender and any other Bortower mny agree tu extend, modity,
<br /> �•__ei{I{�{4'���!��' forbear or make eny accommodations with regard to tho tertn ot thls Secudry Instrument or the Note without that Borcower's
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<br /> -±�"`'-°'°''� consenl.
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<br /> -- -.-":'�'!�'�� ►���-__ - n__.....�.......aa...� t...t..�tib Cd....in.Inetmmcnt chnll ba nivan hv dalivarina It ot hv OL'lilititl If
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<br /> ,._�_s.a� by first dass mail unless epplicable taw requlre� uso of enothor method.The notica shall bo directed to the Propedy Address or
<br /> =x;;;'�;:li'�:;;'!.', eny other address Bortower designates by notico to Lender.Any notice to Lender shall ba given by 8rsl class nufl to Lender's
<br /> �;'��_ ���•�, address stuted herein or any addross Lender deslgnates by notice to Borrower. Any notice provided tor in this Security
<br /> -�-=%��•���••-n� Inslnimvnt shall ba deemed to havo been gtven to Borrower or Lender vrhen glven ua provldod In this psragreph.
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<br /> -.rv.'}tUr..1`' t°.'
<br /> :::--. .. _. . 14. Governing Law; Sevorabil(ty. This Security Inslrumenl shall be povemed by Fedcral law and Ihe law ul the
<br /> ,rt •...! `+, y� � �urlsdiction In whlch lhu Property Is locatod. In tho ovent that nny provislon or clauso ol this Security InsirwiiMil or thc Nole
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