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<br /> .`�. . _ . . h Shatt become an adddionai dabt of 6ortower and 6e Seeured by . �_``�Y r ,.`t
<br /> 61ny amounts d�bursed by Lender under ihis Paragrap , ,.
<br /> �hi� c.�curay Instrument These amounts s h a U bear�terest trmm the date of disbursemeet at the Note rate.and at the option of L
<br /> t _.� z --,� Lendas.shell he fmmediataty due end payaDta. 1n5trvts�ttt urt�ss Bartower: [a) a9� Q1 L L`-
<br /> << Borrower sfiaU DrotnpUY distha�gs anY I:en vAtieh has Prior�tY over this SeaudY _°—:
<br /> . .'� ` , . vniti�to the payment o1 tha obflgatlon secured by the ken tn a manner acCepffibte w tsnder;(b1 contests c�good ta�A the fssn 4 Y.} �t
<br /> by, ar defeeds eg8inst enforcement Of the Gen in. tegal Oroeeed'mgs wnich i �S��ry io L8 diet Subo�rAA'�ut8Hn9 ttte nGBn to , ,�. ' :`i•:t •:.�;...•.
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<br /> • � : ente�t ot the�n:or(c)setures from the hotder ot the Gen an afl�� �• over t� •
<br /> . this SBCUdtY�n�men�I!L@nder determ�� �e oUce idenWY�B��. Borrower shan satisty the�enyot mlce one or more o! � ,
<br /> , - , < � SECUr7tY tnsttutnen�Lender m8y glve � ,t' , '. `:,
<br /> ` ` ' the actlnns set forth atrove wdhin 10 days of the giv�g of notiee. ' . .
<br /> � ,��.:-�,K.i $. F8@9.LSndBt msy COliaet ieSS And Ch8rg85 euthatized by thB Se+C�6terY- . `' c
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<br /> �9. Grounds tor�cceteratIon o4 Debt m cne ease ot payment aeraues. @
<br /> . n � (8)O@TSUIb Lender maY. ezc�►t as Cun�ed by reSulaLtons issued by the Secteten+�
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<br /> wquue cnmediat9 payment�tuD ot ail sums securedm nthfy paymentln�e4uked t Y this Security InsGument prior to or on � �
<br />-- • r '. (�Borrowet detauRs by taaing to paY in (u0 any �•. _
<br /> � - . the due date of the nmR monU►ly PaYme�4 0� ns canffiined in this Secur�fr � -
<br /> • . (�BOROwe!def8ult5 bY f8iGn6.tof e Pefl00 Of ffiiRY�Y°.W P8�tOrtn ef1Y OthBi Obl�aNu �; r .,._r--
<br /> . • � (nsW�eeL ' E -
<br /> (b) Sale With�ut Credit Approval• Lender shaD. �De��d by�P���'" {ficlud�g secticn 341(d)o!the -
<br /> . . , (;amSt Germain Depos?tory Inst�uNons Act ot 1982.72 US.C. 1701}3(d))and wah the prior epproval of the SecretarY.
<br /> . ' �equfre immed39tB paYmsnt in full ot all the sums seCUred by thts Secu�T'h►Usdument d: _ . -..-_---
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<br /> • � � n AU or pas4 of the Property. or a beneficta!mterest � a trust own�ng all or part of the PropartY. is so10 or
<br /> ' ,.; :, othenxise trensferred(other than by de�Lse or descent)>enC .""=-
<br /> � . ' (Fl�he PropertY is not occupied by the purchaser or g�antee as his or her principal residence.or the purchaser or `,_.r
<br /> grantee does so accupy the PrapertY. but his or her cred�t has not been approved in accordance with the t-��_
<br />� . . requir8fiie(itS ot the S2C[e1azY• ��
<br /> � • (C) NO WBIV�f. If circumstances occur t8at would permit 4enQer to require immeQiate PaYment in tuif. but Lender �. _ �__._
<br /> ' � `.. �� does not require such payments,Lender does not waNe�s d9Ats with wsD�to subsequent events. _
<br /> �, . : ,. , �, � (d) Regutadions of H6JD Seeretery. rn many c�cumssances resuguons �ssuea cy me Secreranr W�u i�� �,; Y�! ,;�
<br /> Lenders rigMS. tn the case of payment defautts, to requUe tmmediate payment in tuU and fareclose d not pefd. Thts �•_„�1.
<br /> � . . _ . . gecurty Instrument Qoes no!authorize aecefereUon or farecWSw�H not permitte0 by regukttions of the SecretarY• ���•_ t.- .�
<br /> . (e) Mortgage Not Insured. Bortower agrees that H this 3ecur�y Instrument end ttte Note ara nat Qete►mined to ��, `�—-_
<br /> be elig�le for NsurenCe under t�e Nst(anal Housmg aCt within��f dBVS �90� nom the Cate heraaf� Lender : ;.. j- _�
<br /> , L . . maY.at Rs oD�on�eQuire Unmedlate PaSRnent fi tuU of aU sumg secuced bY this SecafdY Insbiureien4 A Mmtten statem�nt f • '. r .,--_
<br /> ' ot arry autAOrized egent ot the Seeretery dated subsequent to� Of d0tl8 [90) trom the Qate hereof, declbitn9 r,T�`�,_.
<br /> . to insure this SecurAy Instrument and the Noie, shell be deemed concNStve proof ot suCh Nel'�gibTRy.Notw+thstendi�9 �- Y _ -
<br /> t h e t o r e g o t n Q,t h l s o p t t on ma y not be mcercised by Lender wlien th9 unavai{abUiry ot insurance is sotety Cue to Lenders ; .��_
<br /> • Iai►ure to remit a mortgage insurance premium to the Se�rete►Y• • ``°�:
<br /> 90. Rg��glgt@111@111 8orrowet h8s 8 right to be teinstated if LenGet has tequBed "anmedi8ta psy�'�ent h fi+is beCause Ot ?"''` � �'��
<br /> ' ' Boaowers faiNre to pay an amount due under the Note or thts SecuritY �nstiumen4 This rtght appltes even after toreciosure . :�+
<br /> • , proceed�gs ere instituteQ To remstate the SecurBY ��st�+ment. 8ortower shall tender m e Iump sum all amounts re4�Qed to ` ����_
<br /> Instrument. t �'�•-;.�
<br /> � bring Borrowe(8 account Curtent inciuding, to the extenl they are obiigations of Borrower under this SeCUrity ,__„_
<br /> forecWSUre costs end reasonebte and customary attomey's tees and e�enses proPsAY assaoiated with the tcreclosure J?.��
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<br /> • proceeding•Upon relnstatement by Bortower.this Security�nsbument end the obfigaUons t�at it secures sha0 remab�in eNeCt es __
<br /> ,•�� . . H LenQer had not�equtred hr►mediate payment h+ fu0. HOwever.Lendet is not�e4uirad to pertn� �e�S�ediateN P���9 �e �; �•. ': �.`-�=aT
<br /> � p��a�d reinstatement after the commencement ot toreciosure proceedtn9s wnhin Q"° Y� � .�_
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<br /> � commencement of e curtent forectosure proce00ing,t�►)retnstatemant will prectude toreetosure on d'dterent grpunds tn the luture. _�___
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<br /> � � or(iiQ reo�c3tatement will aQversery aNeet the pdariry of tha t2n created by th(s Security tnstrumen4 •. _ __
<br /> � � � 11. 8or�ower Not Released; Forbearance By Lender Not a a!1►aiver.6ctensi0n ot the time Of payment or :;� _. •, �
<br /> mod'rfiCation of amoRVation of tho sums see�a0 by this Sscurity instrument gr8nted by LenQer to anY successor in intereSt ol
<br /> � Boaower shell not operate to release the�iab�Gty ot the originat Bortower or Borcowers successor in c�terest. lender snall not be , _
<br /> ' requtre0 to commence proceedc�8g 8981nst a"y successor in interest or re�use to eutan�ttrne fot payment or otherv� modity
<br /> � � , amoritration ot the sums secured by this Security tnstrument by reason of enYr dema�rem� shaU not be a w8ive wot or •'
<br /> � - � Bortowefs suceessors in intetest. Ar►Y terbearBnce bY �ender in exercising any �t •
<br />: � , preCN00 the exero159 ot eny right or remedy. : �
<br /> '.; . Cp-81gt1@f8. Tho Covenants and
<br /> � 12. Successora and Assigns Bound; Joln4 and Severel Liablqty: �
<br /> ' agreements ot tfils Securdy tnswment sha0 bfid and benefA the suCCessOrB and assigna ot l.ender and Borrower. subject to the
<br /> ,. � provisions o}parggrapb 9(b}. Borrowefs covenants and agreementa shatl be joint and SevareL MY e0rtower who Co�sign9 thi9
<br /> . � � , • SeCUrity tnsWment but doas not execute tt:e Note:(a)�s oasignin9�his Security Instrument onry to moRgage,grant entl ccnvey - '
<br /> �'r ' that 80t�OwAfS U1tef091 io the PropeRY under the terms of this SeCUtity ��strument: (b) is not personally ob�igated to pay the ..
<br /> � sums seoured by this Security ��strumenC end (C) agrees that Lender end any other BoROwer may agree ta extend, modity.
<br /> • torbear or make any accommodations with regard to th0 term of thls SeCUriry tnswment or the Kote wfthout that 8onower's
<br /> � consent. - -
<br /> � � � . �, 13. NOtiC@8.Any notice to Bortower Drovided tor in this Security Instrument shall be gNen by delivering it or by mailing il
<br /> � by fust ciass maii untess appl'�cable Iaw requ�as use o}enother method.The notice shall be d'uected to the P�opeAy Address or
<br /> '� � any otDer address Borrower tlesignates by notice to Lendor. My notice to Lender shell 6s g�ven by fust ctass mail to Lender'S .
<br /> � j addresa steted herein or any address Lender designates by noticu to 8ortower. Any nofice provided for in this Security
<br /> Instrument shall be deemed to have been gwen to 8onowet ot Lende►when given as provided in this patagreph. :
<br /> �� 14. Governing Law; Severability. This Securityr [nsWment Shall be govemed by federal law end the ISw o} the •
<br /> � jurtsdiction in wh�ch the Property is located. In the event that any provision or clause ot this SeCUrity ��Shument or the Note .
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<br /> . . .. � •. vaqo J ot s '� ', -
<br /> . f58i9 LMO 18197) t . .
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