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<br /> • Any amounts d'�sbursed by Lender under this Paragraph shatl heeome an ad�itlonal debt of Borrower and be secured by . _ .
<br /> • ' , �e th�s Secuntyr��swme�L These amounts shaU bear rtitecest trom the date of d�sbursement at the Note rate, and at the optlon ot ',_ r'
<br /> ' Lender, shaV be im[r�ediatety duo and payabte. ,
<br /> r . ` Barrawer shall promptly discharge any Uen `�uhich has pdority over this Seeurity fnstrument unt�s Bortower. (a) agreas in � � - -,
<br /> ' � � writing to tha payme�t of the obfigation secured by the tien in a manner acceptab�e to Lender: (tt}con[ests in 400d taith the Ren • .
<br /> ; � � � by. or detends against entorcement of the Gen in. Iegai proceedln9s which in the Lender's opinion opetate to prevent the - _ .
<br /> . _� eatorcement of the lien; or (c) sewres irom the holder of tha 6en an agreement sa6sfactory tn Lender subordinating the Geo to �
<br /> this Security►nsUUment It Lender d�ermines that arry PaR of the Properry is subjed to a lien which may attain Prtority over this ,.�'
<br /> �. _ ' j Security�nstrument. L.ender may give Borrower a notiee identitying the 6er�. Borrower shaU satis[y tha lien or take one or more ot k_,,.,'.. . .
<br /> . i � the actions set torth above w i t h i n 1 0 d ays o t t h e g i v i n g o t notice. .
<br /> � • '' _ --- $. F@eS.Lender may caRect tees end charges authodzed by the Secretary. - -- - -�
<br /> � ' • � 9. Groands far Accelera4ton of�ebL
<br /> (8) DBf8uiL Lender may, sxc�pt as Gmited by regulations issued by the Secretary in the case ot payment defautts. �
<br />" . � require immediate paymettt in fuU of a11 sums seeured by this Seeurily Instrument iF. _: _.,.
<br /> ` .•. } n Borrower defautts by ta�ling to pay in tu0 any mortthty paymertt required by this Securiry Instrument prior to or on , , . � .:'
<br /> s ..
<br /> - - ` ! the due date ot the ne�d monthly payment.ar ,
<br /> ' :� � n Boaower de�utts by faiGng,for a period of th6ry days,to perfortn arry other obG9atlons contairted in thts Securiry � __
<br /> . ., i fnstrument . . • .
<br /> ± (b) Sale W�thout Credit Approval. l.ender shaU. if pemutted bY apPficable ►aw (mduding section 341(� of the r ,•
<br /> ` , . GamSt Gertnain Depository Instiditions Act of 1982. 72 U.S.C. 1701}3t�)and with the prior approval of the Secretary, t��
<br /> = . ';: � requUe immedate payment in tuU of ati the sums seaued by this Security Inst[ument if: � ��d or � �
<br /> T` (� M or part of the Properry. or a benefidal interest in a trust owning aU or part of the Property. .
<br /> � ` otherwise transferred(othe►than by devise or descent).and ` `°'�.�:
<br /> � ;� ��: �i The PropeAy is not occupied by the purchaser or grantee as 41s or her principal residence,or the purchaser or - ,,t;�
<br /> grantee does so occupy the Property, but his or her credit has not been epproved in accordence with the ,,;��'�
<br /> .. .. � '1..�, .a.'�-..—
<br /> - requirements ot tfie Secretary. ° `'`"�
<br /> , (c) t�lo Watver. M circumstances occur that would pertnit Lende►to require immediate payment (n tutl, but Lender T�
<br /> - does not requtre sucfi payments.Lender does not waive its rfghts with resped to subsequerrt everts• ' •�4.���_
<br /> �• � ; (d) Reguletloils Of HUD Sec�ry. In many circums�tnces regulations issued by the Secretery wU Gmit
<br /> ' ' Lender's rtgMs. fn the case of payment defaults, to require lmmemate paymerrt in tuil and forec!ose if not paid. This �'%��,`4':;�
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<br /> Security Instrument does not authorize acceleration or foreGosure if not pertnitted by regutatlons of the Secreteryl. - �. . �'�;3�,�.
<br /> 0 Mort a e Not MSUred. Borrower agrees that H this Securily Instrument and the Note are not detem�ined to •,;;-��• "�'"��"
<br /> r . � l ) 99 .r�� .
<br /> .� trom the daEe hereol, Lender ` ��`
<br /> ' � be eligibte for insurance under the Natlonal Housing Ad within SO da{(s • � �
<br /> ? �� i may.at its optian require immediate payment in tull of aU sums secured b this 3ecurity Instrumen� Q written statement °��'f'F.�
<br /> • • � of eny suthorized agent of the Secretary dated subsequerrt to 90 d3VS y from the date hereot, declining �f--�
<br /> ,,. : I �u�,
<br /> �.,. :� � to insure thts Security Instrument and the Note, shall be deemed conciusive pronf of such ine6gibTiry. Notwfthslsnding � ,
<br /> ' -- - the foregoing,this oplio� may not be exerdsed by Lender when the unavaUability of insurance is solely due to Lender's � _
<br /> ���. • 1 faflure to remit e mortgage insurance premium to the Secretary. .�.�O:ys,^.
<br /> � . ;, , . ��.�--.�,sy;ar,:.
<br /> '� ' 10. ROifISt8tel1teflt Borrower has a�igM to be reinstated it Lender has required immediate paymertt in tull because at , _ __ --
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<br /> �'.� Borrowers tailure to pay en amount due under the Note or this Securily Instrument. This dght appAes even efter toredosure ,. .
<br /> ' . I .'ti�,-
<br /> proceedings are instiMed. To reinstate the Security Instrumen� 8orrower shall tender in a tump sum ell amounts required to �. ,s.. ...
<br /> � ' � •" � bring Borrower's acwunt current induding, to the extent they are obligations o1 Borrower under tfits Securiry Instrument, �I-t�'�^
<br /> ' � toreclosure costs and reasonable and custamary attomey's fees and expenses property assodated wfth the foreclosute � :.��,�'::
<br /> • • proceeding. Upon re(nstatement by Bortower,this Secudty Instrument and the obligaUons that it secures shali rematn in e((ect as "s i:
<br /> �`.:;•;-,
<br /> • A Lender had not requ(red immediate payment in tuil. However, Lender is not required to pertnit�einstatement H: O Lender hes ;.�,R
<br /> accepted reinstatement efter the wmmencement ot foreclosure proaeedings within two years fmmedately preceding the
<br /> • • commencement ot a cuttent foredosure proceeding, n reinstatement wili predude foreclosure on drfterent graunds in the future, � .� •
<br /> :;,. .
<br /> � . or((i)reinstatement will adversely attect the pAodty ot the lien created by this Security Instrument. . • ;.
<br /> ',�l •� . 11. 8orrower Not Released; Forbearance By Lender Not a Waiver.6ctenston oi tne Ume o1 payment or
<br /> modAiceUon of amortization of the sums secured by this Security Insirument granted by Lender to eny successor In interest of , _ �
<br /> 9orrower shatl not operate to release the tiabil'Ry of the odginal Bonower or Bortower's successor in intereat. Lender shall not be � '.�
<br /> �� required to commence proceedings agalnst any successor in interest or retuse to extend Ume tor payment o►otherwise modity
<br /> ` � � amoRimtlon of the sums secured by thls Securiry Instrument by reason ot any demand made by the o►Igtnal Bortower or ..
<br /> � Bortower's successors in interest. My torbearartce by lender in exerclsing any dght or remedy shall not be e wahrer o1 or
<br /> ,,,.
<br /> preclude the exercise of any rlght or remedy. •-- .
<br /> ' ' 12. Successors and Asstgns Bound; Jo1nt and Several Uability; Co-signees. The covenants and . • �
<br /> � • agreements of this Security Instrument shall bind and benefit the successors and asstgns of Lender and Borrawer,subJeCt to the �
<br /> � provisions of Paragraph 9(b). Bartowers covenants and acyeements shall be joint and severel. My Bortower who co-signs this
<br /> �. Security Instrument but does not execute the Note: (a) Is co-signing this Securlty InsVument only to mortgage, grant end convey •
<br /> '� that Bortower's inte►est in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the
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<br /> , sums secured by this Security instrument: and (c) agrees that Lender and any other 8ortower may agree to extend, modity.
<br /> j forbear or make any accommodations wnh regartl to the term of this Securiiy i��yUur�ient or the No2e without that Borrower's . — ,
<br /> ' . � consent. .
<br /> - . ! 13. NOliC09.Any notice to Bonower provided tor in this Security Instrument shall be given by delivering il or by maiting A �
<br /> • 'i by first class mail untess appltcable law requlres use ot another method. The notice shall be directed to the PropeAy Address or : �
<br /> , any other address Borcower designates by noLae to Lender. Any notice to Lender shall ba glven by(lrst class mail to Lenders
<br /> ' address stated herein or any address Lendet designates by notice to Bortower. Any notice provlded for in thls Security �
<br /> -_�.s�_ Instroment shall be deemed to haoe been given to 8orcower or Lender when given as provided in this paragraph.
<br /> � � 14. Goveming Law: SeVef86iUty. This Security Instrument shall be govemed by Federal law and the law ol the �
<br /> �unsdiction in which the Property is located. In lhe event that any p�ovision or clause ot this Security Instrumenl or ihe Note �
<br /> -- .�.a�,�r6; �� y„ Na�� „r, , . .
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