. .<• Sv . _ . ... . . � j.: -. 1. . a _ .. . . .. .
<br /> `N -� � _...i__�__ .1__�_.�-�"'..��_ '--a�_. . _.,...,v_.__-,_ � .........._��_ . ' ..... {—��`-.-�-.��'`"1' . ` `� . , _...
<br /> .�. �C: ` . , - -
<br /> V��is ���i��� ., i: ' . • _
<br /> . Any arr,aunts disbursed by Lender under th�s Paragraph shai! ber.oms an additionat debt ot Bortower and be secured by . , ;� �.__
<br /> this Securiry Instrument These amaunts shall bear interest hom the date of di�bursement at the Mate rate. and at the nption ot • � ,�� � ---
<br /> Lender, shatl 6e immed�tety due and payabte. ' ' .• • � �
<br /> Bortower shall promptty discharge any lien whieh has prionty over U�is Securiry Instrument unless 8ortower. (a► agrees �n ,t�`� ,``,` � .�
<br /> wriUng to the payment of the obligation secumd by the Ii2n m a manrter accep�bia to Lende�: (b)contests�n good tutti the hen ' �
<br /> �y, or detends against enforcement of the hen in, teqai proeeedings which in the Lereder"s opin�on operete to prevent the :`�:--_
<br /> entorcement of the iien: or (c) secures from the hoider of the lien an egseement saUsfaciory to Lender subordinating the tien to . � .
<br /> ,� this Security Instrument. N Lender determines that any part ot tha PropeRy fs sub;ect to a 4en which may atta�n pnonty over this _--
<br /> . + Securtty InsUument Lender may give Bonower a �otice idenUtytng the iien. Borrower shall satisty the lien or take one ar more ot �� 5
<br /> � the adions set forth above v�ithin 10 days ot the givi�g ot noUce. _ _��"��`
<br />-� �. F6e8. Lertder may collect fees and charges suthorized by the Secretary. �, _
<br /> 4 `.
<br /> . 9. Grounds for Acceteration of QebL . • � '� '
<br /> �..
<br /> ;�� (e) QB'F8u!!. Lender may. excepl as limited by regulations issued by the Secratary m the case of payment defaults. ' : ,
<br /> require immediate payment in tu9 oi aJ sums secured by this Securtry InsLvment fi , �`�� `. ,-_
<br /> '� � Borrower detauits 6 tailin to a in tu:l an month a ent re uired b ch�s Secu� Insbument ria to or on �'` •
<br /> ; n Y 9 P Y Y N P Y�►� 4 Y n1Y P . .
<br /> �,_.
<br /> ,; the due date of the next monthty payment.or �
<br /> ` a.
<br /> 'f (� Borrower defautts by faiGng.tor a period oi thiRy days,to peAortn any other o6ligations contamed in th�s Secunry i . � _ _.�'- `
<br /> ; instrument '
<br /> � F .. :'��:.=-1'�,�,'_.
<br /> r (b) Saie Withoat Credit Approval. Lender shall.iF p2rmitted by applicable law (nciuding section 341(d) 01 the , , �•
<br /> GamSt Qermaui Oepository Institutions Ad of 1982. 12 U.S.C. 1761j3(�) and with the prior approval of the Secretary. --��--�=;� �---�
<br /> .:,,,*.: _ °^'�=s.
<br /> ! require immedate payme�t in fuli of all the sums secured by this Securiry Instrum¢nt fi � . ' ��»--���="�
<br /> :�,...,.���,e.y
<br /> n All or part of the PropeRy. or a beneficial interest in a trust owning all or part of the Property. is sold or .. • -
<br />' othe►vrise transferred(other than by devise or descem).and �-f�-
<br />?.,i ;..�-1- y.
<br /> . n The Property is not occupted by the purchaser or grantee as his or her pri�cipal residence,or the purchaser or
<br /> , grantee does so occupy the Property, but his or her exedit has not been approved in accordance with the ��� �;,i s
<br /> .� ��� � -
<br />�,��.� �EQUIf2f112IiT.4 Of lh6 32CfetHl�l. � .'••w'"t ;�±:�- ,. .
<br />•� (e) No Walver. If circumstances occur that would pertnit Lender to require immed�ate payment in full. but Lender . ,
<br /> does not require such payments. Lender does not waive its�ights wRh respect to subsequent events. ' �~� '`� °. """
<br /> �'!�,.� :--,. ia,
<br /> -;' (d) Regulations o�f HU� Secre�ry. In many circumstances regulations fssued by the Secretary w81 limit , ,,;�;;�;, ` _
<br /> Lende►'s dghts. in the pse at paymeni 'c.c�.e�s':s, to reqcre immediate payment in fufl and foredose if not paid This �:�,•
<br /> Securiry Instrument does nat au;:�a�ze acc�cr.�on or toracfr..�re if not pertnitted by regulations of the Secretary. ' ' :r'�
<br /> (e) MORgage Not lns�tr¢�. Bor►��rcr a3:ees that ii mis Security Instrumertt and the Note are not determined to �
<br /> be e6gib►e for insurance under the Natio:.� I-"vusing Act within 90 d�[S from the date hereot, Lender � t� -
<br /> `Y. . ..
<br /> � may.at its opUon require im:n�diate pay.^.:e�.:.n full oi all sums secured by :his Seariry Inshumeat A written statement 4�r• ,�:.; ':
<br />� ot any sulhorized agent of ths Secretary dated suosequent to SO dsy9 from the date hereof, declining 4..� ' �?2 ,. .
<br />� to fnsure this Serxuiry InS.ntmzni and the Mote, shall be deemed conclusive proot o1 <sF:h InellgibEGry. Notwithstanding ".'- � �;� �
<br />_,:., �! � ;y{'.'•.
<br />- the foregoing,this option mu�+no4 be exercised by Lender .�rt+en the u�availability ol ins�rance Is soley due to Lenders •
<br /> faiNre to remft a mortgage insurence prer..kcm to the Secretary. �B - -
<br /> ,�
<br /> 10. RBinStSteielBOt 8ortower has e dghl '[o be reinstated ff Lender has required immediate payment in tuU beeause ot
<br /> Borrowers failure to pay en emount due under the Note or thts Security Instrument. This dght appGes even after foreclosure • ,; •u_,�
<br /> - proteedngs ere insti[uted. To reinstate the Security Instrument, 8ortower shati tender tn a lump sum atl amounts required to .�.--.�.�.���.;
<br /> bdng 8orrov�er's accouM current inciuding. to the extent they are obligaUons of Bortower :;c:•der this Security instrument. -
<br /> � forectosure costs and reasonabte and customary attomey�s fees and expenses properly a�sociated with tAe foreGosure _ _ i= "
<br /> . proceeding. Upon reinstetement by Bortower,this Security InsWment and the obligatlons that it secures shall ramain in effect as '�F;��r°Y��:.-.���w
<br /> ' N Lender had not requlred immediate payment in full. However. Lender is not required to pertnit reinstatement fF. n Lender has ,_.�=��--
<br /> acceRt.�� retnstatement efter the commencement of foredosure proceedings within two ycc-r•> immediatety preceding the • � } -
<br /> ��{' " corr.^-�;:ement ot a current foreGosure proceeding, n •einstatement wi0 prectude foreclosure cr �Yerent grounds in the futere. • �-----�
<br /> or(i)reinstatement will adversely aHect the priorfiy c?ths lien created by this SecuAty(nsVument �'�`�
<br /> -s,":, j
<br /> 11. Borrower Not Released; Forbearance By Le�der Nat a Walver.Extension of the time o1 payment or ��' � ___ - _
<br /> � mod.'?i�..�?tan of amorthation of the sums secured by this Security Instrument granted by Lender to eny successor in (nterest ot ��
<br /> � ' Bortovrar sha(I not operate to refease the liability of the odginat Bortower or Borrower's successor in interest.Lender shall not be �• __
<br /> .�. �,.�,• ... .
<br /> . requUed to wmmence proceed;ngs against eny successor in interest or retuse to extend Ume tor payment or otherwise mo�ity . . , r�-;���"
<br /> amortl7aUon of the �:ms secured by ihls Security Instrument by reason o1 any demand made by the odginal Bonower or ?'_, �•-��—�=-;.-�*.:�_�.`_
<br /> Bortower's successors in interest. My forbearence by Lender In exercising any right or remedy sha0 not be a waiver of or r����
<br /> ,.. .. ..
<br /> ...r�_.:'��:.
<br /> preclude the exerdse o1 any�tght cr remedy. :��,:' '�'�`f�' �
<br /> :..t...
<br /> 12. Successors and �t�ns Bound; Joint and Several Liabitity; g � � ��` ��
<br /> Co�si nets. The covenants and �` � �'�.�:�-.;,,
<br /> a reements of this Sacuriry Instrument shatl bind a�d benefit the suocessors and assl s o1 Lender and Bortower, sub eet to the �`' ���"-'���°"-�'
<br /> g 9n 1 �<�;,.�..._.._-
<br /> provisions of Para�aph 9(b). 8ortowers cover*��+s and agreements shall be jc�r.t end several. My Bortowe►�•�ho co-signs thls �r's� `
<br /> �y.,�
<br /> Security InsUument�ut does not ez:.c;ne the hc�e� !a) Is co-signing tMs Security Instrumant ony to mortgage. �znt and eonvey ` 'v� —
<br /> that Bonowers interzst in the Propefty under the ter,rs of th;s S�curity Instrumen� (b) Is not persane(ty cL-:3�:ed to pay tF.� ���;. '
<br /> sums sscured by tfi� Socurity I�strument: esid (c) agrees thr;s :,r-�er and any olher 8ortovier may eflree'.� ex[end, mo�fip. �'' ;�;',,,�„•`�. __
<br /> forbear or make z�y accommo��:r�s wfth re�C ta .he tert:� cE :'is Secudry Instrument or the Note withc�s• thet Bortower's �•'�'�''4�^F �}�ir' �
<br /> consent. `.,� �-s ' .�irt},._ .
<br /> C•;•.�. t.
<br /> 13. NOtCCO3..:.: notice to s�ower rovided for In this Securi Instrument shall be iven b delivedn �t or b maiiin d �' ��'.'�' '''�'�n�e•=�;u:a?-q.�;;•.
<br /> " I P tY 9 Y 9 � Y 9 � �_...��(is�:.=ti�-. -
<br /> by first class mail ur.tess applicab's .ax requires use ot another method.The notice shail be directed to the Property Address or �
<br /> any other address �crrawer designates by notice to Lender. My notice to Lender shall be glven by firs! class mail to Lender's � • ' � •• � - �
<br /> address stated hErcn or any address Lender designates by noUce to Bortower. My noUce provided for in this Security �� . '
<br /> Instrument shall be deemed to have been given to BoROwer or lender when given as provided in this paragraph. . � - •� ' �:
<br /> 14. Governing Law; Severability. This Security InsVument shall be govemed by Federal law and the law oi the , � � �_
<br />� jurisdiction in which the Property fs located. In the event that any provision or ctause of this Security instrument or the Note � t
<br /> �,:� � � .
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