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<br /> My amounts dlsburaod by Lender undar thia Panyraph ehall beoome an addRlonal debt of Borrower nnd be secured by .'�,�;��'_
<br /> thls SeourAy Inetrument. These emounte ahell bear htoreat hom the date of dlsburaemqnt at the Note rate,end �t th�optbn oi � ---
<br /> :d':.:'.
<br /> Landor, shell be Immedfatety due and payeble. �O � '-;
<br /> Dorrower shall promptly dlsaharye any Ilen whbh nae prlotity over this Securfty Instrumont unlesa Borrower. (a) aflreae In � - :.-_
<br /> wrldnq to Ihe paymont ol Ihe oblpatbn aecured by th� Ilen In �mannor accsptabla lo Lender, (b)contesta h pood felth the Ilen'� ,?,�,`
<br /> by, ar defends agahot enloicamont of the Ilen fn, Iepei proceedinpa whbh In the Londer's opinlon operate to prevent theC' . ��":'�
<br /> . �;;;::
<br /> enlorcement ol the Ifen; or(o)secures from the holder of the lien en apre6ment satisfactory to Lender subordinatinq the Ilen toQ �•-=
<br /> this Securft Instrument. If Lentler determhea that an pert of the Pro erty �s sub ecl to a Ilen wh�h ma etteln �iorit over thls� ��"
<br /> Y Y P 1 Y P Y ^7.—
<br /> Secunly Instrumont, Lcntlor may qbo Borrowur a notfco Idontirylnp tho Ilon. Borrower shnll satisty tho lien or tnkp ono or moro o� :� • '''
<br /> Ihe actlona se1 lorth above withln 10 days ot the pNinq ot not�Ce. •1
<br /> r�'""'°� 8. Fees,Lender may aolleat(eea and oharpea authorized by the Secretary. - -
<br /> ...... ..'M ---�
<br /> 9. (irounds for Acaeleration of Deb�
<br /> �' � (11) OEfaU1L Lendor may, except ae iknited by repulatlons Issued by the Searetery in the case af payment detaulta, _
<br /> require Immedlate payment h full of all suma secured by thls Seaurky Instrument it: - -
<br /> (I)Borrower default6 by lalllnp to pay h tull any monthty p4yment requked by this Security Instrument prlor to or on
<br /> � tho due date of the next monthly payment, or �-
<br /> , (iq Borrower defauRs by fallinp,for a perlod of thirty days, to peAorm eny other obllgations aontained In thls SeourRy =_
<br /> Inatrument.
<br /> � (b) Sale Without Credlt Approval. Lender shall, if permltted by eppllCable Iaw(Includlnp 8eCtlOn 341(d) of thc _
<br /> Ciern•5t Germaln OoposRory Institutlons Act of 1982, 12 U.3.C. 1701J•3(d)) and with the prlor approval ot the Secretary,
<br /> � .::
<br /> �� s� require knmetllate payment In fuil of all tho sums securetl by Ihis SeCUrfty Instrument If: _
<br /> � (I) All or part of the Property, or a benefblal Interest In a trust awnhg all or part ol the Property, is sold or _—
<br /> otherwise t�ansferred (other than by devise or descent),and
<br /> � (II)The Property Is not occupied by the purcheser or prantee as his or her principal resldence, or the purohaser or —
<br /> . �,� qrentee does so occupy the Property, but hls or hYr credlt has not been approved In aCCOrdance wfth the =
<br /> requkements of tho Secretary. ---
<br /> (c) No Waiver. If clrcumstances occur that would permlt Lender to require Irnmedlate payment In fuil, but Lender
<br /> ��• does not requMe such payments,Lender does not waNe Its rqhts with respect to subsequent events. —
<br /> . (d) Regutetions oi HUD Secretary. In many crcumstances regulations issued by the Secretary wlli Ilmk —
<br /> Lender's rtghts, In the case of payment defaults, to requke (mmediale p8yment in fuil and toreclose ff not paid. This .-
<br /> Security Instrument does not authorize acceleratlon or foreclosure il not permitted by royulations ot the Secretary. �
<br /> (e) Mortgege Not Inaured. eorcower agrees that it this Security Instrument 8nd the Note are not determined to �,'`•
<br /> be ellgible for Insurance under the Natlonal Housing Aat withh i1F Q1 dllyS(90) Irom the date hereot, Lendar !�
<br /> may, at its option requlre Immediate payment In full of all sums secured by thls Secur(ty Instrument. A written statement
<br /> of any authorized agent of the Secretary dated subsequent to iIf O} deVS (90) from the date hereof, dealhhp
<br /> to Insure thls Security Instrume�t and the Note, shsll be deemed oonclusive proof of such hellpWllfty. Notwkhstandhp
<br /> ' the foregotng,this optbn mey not be exeraised by Lander when the unavaNabllity of Insurance Is solely due to Lwtders
<br /> feNuro to remft a mortgage hsurence premium to the Secretery.
<br /> 10. Reinststement. Borrower has a ripht to be relnstflted� Lender has requked Immedlate payment In full beaauee of _
<br /> Borrower's fallure ta pay an amount due under the Note or this Securlty Instrument. This ripht applies even sfter foreob3ure =
<br /> proceedtngs are instituted. To relnstate the Security Instrument, Borcower shall tender in a lump sum all amount6 required to °
<br /> bring Borrower's account current �ncluding, to the extent they ere oblipetions of Borrower under thls Securky Instrument, —
<br /> . toreclosure costs and reasonable and customary 8ttomey'S fees and expenses properly assoCleted with the forectosure
<br /> " proceeding. Upon reNstatement by Borrower, this Security Instrument and the oblipatlons that It eeCUres shall remah h eHeot as �
<br /> if Lender had not requlred immedlate payment In lull. Howevor, Lender Is not required to permit reinstatemant M: (I) Lender has _._
<br /> . nr,cepted relnstatement afler the commencement of foreclosure proceedlnqs wfthin two years Immedlately precedhg the =_
<br /> commencement ot e current forecbsure proceedin9, (Il) rehstatement wili preeiude lorecloaure on diflerent qrounds in the tuture,
<br /> or(ill)reinstatement wlll adverseiy aHeCt the prbrity of the Ilen Cre&ted by thls Security Instrument.
<br /> 11. Borrower Not Ftefeased; Forbearence By Lender Not e Waiver. EMension Of the tlme of p8yment Or —"
<br />'f' modltication of amortlratfon ot the sums secured by ,hls Security Instrumont qranted by Lender to any suCCessor in hterest of —
<br /> Borrower shall not operate to release the Ilabllity of the or{ghal Bortower or Borcowers successor In interest. Lender shall not be __
<br /> requfred to commence proCeedings against any successor In interest or reluse to eztend time �or payment or otherwlse modify �_-
<br /> amortization of the sums secured by this Security Instrument by �eason of any demand mnde by the orlpinal Borrowor or
<br /> Borrower's succeSSOrs in Interest. Any lorbeurance by Lender In exercishg any ripht �r remedy shail not be 9 waNer o� or
<br /> ''�-—.
<br /> preclude the exercise ot any right or remedy. �
<br /> � 12. Successors and Assigns Bound; Joint and Severel Lfabillty; Co-signers. The Covenants end � �
<br /> egreements of this Security Inslrument shell bind and beneik the successors end oss�gns of Lender and BoROwer, subJect to the I`
<br /> provislons of Paragraph 9�b). Borrower's covenants and agreements shall be Jo�t and several. Any Borrower who co•signs this .,
<br /> Securay Instrument but does not executo the Note: (a) Is co•sfpninq this Security Instrument only to mortgage, grant and convey
<br /> I that 8onower's Interest �n the Property under the terms of this Security Instrumsnt; (b) fs not personally obligeted to pay the '
<br /> sums secured by this 5ecurity Instrument; an�t (c) agrees that I.ender and any other Borcower may agree to extend, modify,
<br /> I forbear or make any accommodations with repard to the term ot this SeCUrRy Instrument or the Note without thet Borcower's
<br /> consent.
<br /> I 13. Notices.Any notke to BOrrowdr prOvidetl lor in ihlS SBCUrity InStNment Shflll be glven by delivering it or by m8flinp it
<br /> by first C4�ss mali unless applkab�e �aw requkes use ot another method. The not�e shall be dkected to the Property AddreSS or - ' "--
<br /> I any other address 9orrower designates by notice to Lender. Any notice to Lender shall be given by(irst Class mail to Lender's •
<br /> � address stated hereN or any address Lendor designates by no1�Ce to Borcower. Any notlCO provided for h this Security
<br /> 1 instrumenl shaM be deemed to have been gNen to Borcower or Lender when gNen fls provlded in this paragreph.
<br /> 14. Governing Lew; Severabitity. ThfS SOCUrity InStrument Shtill b0 pOVBrned by Federal law and tl�e law of the I
<br /> �uriSdiCtion in which the Property iS IoCated. In the event iiiat nny pruv�s�on or Cleuse of thls Security Instrument or the NOte �
<br /> � � f 5817 LM(1(G�el) Pip�] ol 5 �
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