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<br /> ` �'` ' • My amounts dLsburse9 by Lender under t�is Paragraph shall Dacome an 8dd"Rionai deb! of Bortower and be sewred by
<br /> .. ��q��urdy InsUumsnL Th9se amounts s�atl bear trrterest irom the dats of distru�ent ei the Note�ate.end at tne opticn of , • ` •�. • .
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<br /> _ - - Lender.si�a8 be irtunadlatetY�►e snd D�1rt�� ` �
<br />---:- �'. --- Botrowm shaD promDttY dlsch� �Y�' �+hich has Prto*�tY ov�tt�is Securityr Insnument uniess Borrower. (a) agrees b► - - —
<br />- ` writlng to the payrt�ent ot the obugaSon sea+�ed by the iien I�a men�er acceD��to Lsnder.(b}contests tm goad fafth th�Gen T r ,,.'
<br /> ` . = by. or d�fends a�st e^to�eme�t of the Uen in. te3ai Oroceedin9g "fi� �+ U+e Lendefs opinian operata to D*event the , _
<br /> . . � . �{o��t of the I�n:or(c)SeCUres trom tha hotder of tha tien an e8reame�t satlsfactory to Lender subordinating tfie fien to
<br /> _ ' �. � this Seeuriry InsUUment Ii Lender detertrtfnes that any D�o!the Propertli ls subject to e Iien wh(ch maY 8ttetr►D��Y ovar this '•. `4
<br /> -- : • ,. i Secu[ity Instrumenb LenQer may g�e Bomower a noUce identdYtng 1he Gen. Bartower shaSl Satisty the ti8r�or teke one or more o1 ,•. :�,.F�
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<br /> ` �=_.--.� . the acttons set rorth above withfi 10 days of the giving of notice. �' F�' • ,
<br /> t`' ="� S. Fees.tender may coneet tees end cha�ges euU+orimd bY the Secretaryr- � _ ��:� .
<br /> � ,�-- - 9. Grounds Yor�icceterst�on oi DebL � ` ' "
<br /> .� (a}D e f a u t t�e n d e r m a y. m�c e Pt���by 188utatans issued by Me Secrelary a� the case of payment defaulls. '
<br /> ° .'� �.? . requQe immediate payment o�tuU of al1 sums Secured by this 5eeuritY Insuument if: � • . -
<br /> � � (7 Bortower detaufts by faT�g to pay in tuti eny manMry OaYmB"t requued by this SecuritY tnstrument Prior to or on O '..4�.: . ` . ,.
<br />�e �- . - the due date ot the ne�monthN PeY��•�� � . ' �'`
<br /> • (�Borrow�defaufts by faTm9�for a Pedod ot thirtll QaYs.to Pertorm enY other obligaUons contained in this SecuritY � _ :.':Y;
<br /> R-r' tnsUumen� � •��'-��
<br /> ��� . . � ,• �b)Sate Without Credit Approvaf.Lender sha4 rt Pecmmed bY eDPf���w C�ctuding section 341(d)01 Me -. .�,,,���.,.-.:
<br /> 3,_ , -`
<br /> .` , ± Gam.St Gennam Depository InstituUons Act ot 1982. /2 US.C. 170tj31Q))and with the prior approval ot the Seaeteryr, :.�_•: �:�,•
<br /> '-3�: � '.� �qume immediate payment in fuD of an the sums sewred by this Securny Instrument iY. ,�.����
<br /> � ':� (i} Al! or part ot the ProP�Y. or a benefic(a1 interest tn a trust owning a0 or part of the Property. ts satd or � : _ -
<br /> f 4' .•`f4; othe�wise transterted(other than by devise or descent).and ''� :: —
<br /> - �-,s•.}.
<br /> - ;3�F.`� (ti)Ths PmAertY is not oa:uP�d by tt�a V�+�hassr ar grantee as his or her princ(pa�restdence.or ths Purchaser or - _—_
<br /> , . , grantee daas so accupY tha ProD�Y. mut his or her aed'R has not been aPDrovad in accordanw wBh the .-=--
<br /> � . �;'�%`.=c.'- requlcemeats ot Ute SeCretarlf• -; + -.-
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<br /> �:`,�( = (c) No Waiver. If cQCUms4ances occur that wouid perm�Lender to requae tmmedate payment in tu4 bul Rend� ,
<br /> ` � does not requue such paymenis,tsnder does not waive fts rights w�tr cespect to subseq�ent events• ��._
<br /> � ' (d) RegulaUons o! Hii� Secretery. In many eircumstances re9utations issued bY tho Secretary wi0 Gmit <:.� �,A.,���,
<br /> � '< L.811der5 ri$htS. in the CeSe oi peyrtl9tlt defBUftS. to requif9 h11m0diete pSymBflt if1 tUd etld tOCeClOSe it nOt peid. ThiS , ea,. `-��,�
<br />_ . ' . ` ..�.� gecu�y insuument does not authoriae sccetaraUon or forectosure if not Pe��d bY�eSulaUons of the Se�xeta�Y• .;,,�_r
<br /> �'�`.J � ' (e) Mongage Not in�red. 8ortower agrees that N thls 8ecur�► ��strument and ths Note are not Qetermirted to • -�;+'�-�'
<br /> � '•S�c.�i��
<br /> `��� � be efig�ble for insuaance under the NaUonal Housing Act wrthin� 0}d8V8(901 fram the date hereot, Lender rt_=_
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<br /> may.at fts opUon wQutre unmedtate CaYment tn tuil of eU sums secured by this Securfh Instr�menL A written statement � .n�� .
<br /> T, . .. ` ot any autt�orimd agent ot the Seaeters►dated subsequent to# of daVS(90) from the Qate hereof. de�6ning .. • - _-
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<br /> ��•; �� to in5uce this SeCurityr Instrument and the Note.sha0 be deemad concNsive proot of sueh Ine�6dy. Notwfthstanding =_—
<br /> � • ' , the foregoing,this optlon mey not be exereised by LenQAr when Me unavaitabifiiyr of insuranca is sotey due to Lendet's . ";.�;
<br /> ; � � : � faTure to wmit a moRgage msurance premium to the Secretary. � -_-�
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<br /> � 10.6�einst�teme�nt sarrower nas e r�ni co oe re�ns�aceo a tsnder nas requ�rea�nmeacase aar�em��n reea�se or .,�M
<br /> � ' � Bortovrers faiturB to pay an emount due under the Note or tAts Security �nstru+nsn�Thts right appAes aven after foredosure ��z
<br /> proceedin8s ar0 tnstduted• To tetnstate tAo Securih tnstrument, 8orrower sha0 tender in e tump sum a(1 amounts �equued to ' ��i`'
<br /> brfig Bonowe�s account current includ�Q, to the e�Rent they are obf�ations ot 8ortower under this Securiry tnsWment, . _��
<br /> � torectosure casts an0 reasonabte and custom�ry attomey's (ees and expenses propeRy associated wnh the foreclosure �._
<br /> ' praceedfig• Upon reinstatement by Bortowar,this Security Insbument and t�e obligaUons that N Secures shall rematn @►eftect as ,".,: '�=
<br /> �, > : '.� ' ft i.ender had not requUed 6nmediata payment in NIL Howeve►.Lender is not wquired to pertn�l retnstatement if: (�Lender has _-�
<br /> ��_�. accepted reinstatement aftar the cammencement of torectosure proCeedings H+ithb� two Years immediatery Oreceding the • ..� .
<br /> ft
<br /> commencement of a current foreclosure Oroceeding,(ih reinstetement w;U prealude torec�osure on different grounds in the tuwre. . _ _�.
<br /> � �� ot(iii)reinstatement wdl adversely eftect th8 pdorlty ot the Iten Ct88ted by this Security tnsWment. -='1.—.
<br /> � � � 11.Borrower Not Release6; Forbearance By Lender Not a Waiver.Extension of the time of payment or ' ��
<br /> � ' ' � ' modificaUOn ot amortimtion ot the sums secured by this Securihr Instrument gr2.^'ed by Lender to any successor in interest ot �
<br /> � Bonower shell not operate to reiease the Itabitiry of the original8orrower or Bortowers successor in InteresL LenQer shall not be , .
<br /> .�; :', � requireC to commence proceedings agaa�st eny successor in interest or reNse to exten0 Cm:�tar payment or otherwise mo�Ay
<br /> �°�� `"� amortimtlon of the sums sucured by this SeCUrity tnstrument by reason ot any demand made by the origtnal Borrower or
<br /> >;_,' Bortowers 5uccessoB in interest. My forbearance by Lender in �cercising anY right or remecly shatl not be e waNer of or
<br /> � � pfeChide thA OxetCiSB Of 8ny tlght Or remedy.
<br /> � �, � ' � 12. Successors and Assigna Bound; Jolnt end Severat Llability; Co-slgnera n+e cavenenss ana . .
<br />:: '�'� . .
<br /> - agreements of this Security Inswment shall b�nd and 68netit the successors and assigns o1 Lender and 8ortower,subJect to the .
<br /> , � provisions o1 PerBgrapA 9(b). Bortowefs covenants and agreements shaD be jotnt and several. Any BortOwer who casigns this ,
<br /> t ' ` ( Security instrument but does not execute the Note: (a)Is casigntn9 this Securily tnswment ony to mortgage,g►ant and convey
<br /> � {i thet Bonowers o�teres! �n the Property unQer the terms of th�s Security Instn,ment; (b) is not personalty obtigated to pay the
<br /> ' ' � � { sums SeCUred by this Security InSWment; and (c) agrees that Lende► and anY other Bonower may ag�ee to extend, modilyr, •
<br /> • � ' tarbear or make any accommodatians with regard to the term of thls SeCUrity instn,ment or the Nole without that Borcower's
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<br /> . � ' Consent.
<br /> 13. N011C@8.My notice to 8orrower provided tor in this SecurRy InSUument sha�l be gtven by deiivering it or by ma�ing it '
<br /> ' by fUSt class mail un�ess applicabte taw requ�es use ot another msthod.The notice shall be d'uected to the Property Address ar �
<br /> any other address Borrower des�gnates by notice to Lender. My noHce to Lender Shall be given by first c4�55 mail to Lender's •
<br /> � address statAd hereln or any address Lender designates by nofice to Borcower. My rtotbe ptovlded tor in thls Security •
<br />- ' Instrument sha11 be deemed to have been given W Borcower or Lender when given as provided tn thls paragraph.
<br /> ;���.��� � 14. Governing Law; SeverabiUty. This SeCUrityr InStrument Shell be govemed by Fedetel 18w end the 13w of the ' •
<br /> Y . jurisdiCtion in v�hiCr th9 Property �s (oCeted. In the event th8t any ptovisi0n or ctause o1 this SACUrRy Instrument or the NOte ,
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