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<br /> '�.f Any amounts dis�ursed by Lender under this Paragraph shall become an additional debt Ot Bonower an� be secured by , ' �,• Y
<br /> �� this SewrRy�nstrument These amou�ts sh a l l bear in ter e s t tr o m t h e d a te o1 disbursement at the Nofe rate and at the opUon ot t �
<br /> � _.
<br />, � Lender. shaii be�mmedately due and payable. � • .' .:.; '_
<br /> B o R O w e r s h a l l p r o m p t i y d s C h a r g e a n y �i e n v r h i c h has pno ri ty over this Secunty �nstrument unless Borrower. (a) agrees m i �,
<br /> writing to the payment of the ob:igaUon secured by the lien in a manne►acceptable to Lender. (b)contests m good farth the lien � ' , � _
<br /> by, o► defen� against enforcement ot the lien in. legal proceedin9s wh�ch in the Lenders opinion operate to p�event the � , ��.*�
<br /> . entorcemeat of the liee; or (c) secures trom the holder of the Gen an agreement satufactary to Lender subordinaUng the lien to � .
<br /> this Security Instrument. If Lender determmes that any part of the Property is subjeCt to a lien whfch may attam pnonry over this � -
<br /> � Securiry Instrument. Lender may give Borrower a notice fdentifying the lien. Borrower sh211 saUSty the lien or take one or more of -
<br /> the actions set foRh above wdhin 10 days ot the grving of notice-
<br /> � $, FBBS.Lender may colleci tees and charyes authorrzed by the Secretary - . ` - - ------
<br /> ,� 9. Grounds for Qcceleration of Debt . _ : : `� �_
<br /> , (8) Q6f�ult.l.ender may, except as limited by regulations issued by the Secretary in the case of payment defaufts.
<br /> n�,
<br /> : r: re9uire immediate paym�►t in fuit af a{(sums secured by this Security Inspument if: , � . _ ,.:__
<br /> '�''- ert required by this SecurR�t Insm:ment�nor to or on : ..,..,'� ..- ' �; --
<br /> (�8orrower detauRs by tailing to pay in full anY monthly paym ,,= , -
<br /> the due date of the nexl monthy paymen�or '>`'•�.��� '� `_::;
<br /> g,for a etiod of th(rly days.te�eerfnrm any other ohfigalicrs ca�::3:r.ad s�i:s Sec�:rtty f.`>>"•SZ�-`���`,���_ i =�F-
<br /> p�8orrower defautts by tani[t P '.``,��';�.�
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<br /> shall. � a��: 3�',? o f t h e `�;,t;�:�'��`r<<°�w }�>.�'�� •`� t!
<br /> ; (b) Sale Witt�ut Cred[t Appvoval. l.ender rf Fe;m:_c-c �� z�';���e zeY c-=���,.g s Vs,t�.'•�S�e�l� ti;� ��6` �
<br /> QamSt Dermaln D�osstory lnstihitions Aet of 1 9 8 2.1 2 U�.C '::',-S:d a�= .,. :�=t-.., a�:.��z 7 tii�Ss�-�'�--• ,���;;e�e f�� , ,,"� '` u�f�
<br /> I ..' �Sc.J A���+ �f��fi f �_ '1 b�Yitf
<br /> ., require immediate paymeM in tult af att the sums secuced'�t��.��_%.�": �-�`-�"N''�: y�..�}�fi,�r-�rfii�t zY�..• .
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<br />..�;-:. () All ar part of the Prope�ty. ar a bene5ws �.erest �r, a w,�st c�,-.n: _3 or art of the Prape�.- r �r_ �r ``!`�i�`r.l} �4 : r
<br /> othe�wlse transfemed(other than by devise or ti�ceni),and �� �' � —
<br /> f..
<br /> (�The Proper4y is not occupied by the purchaser or grantee as his or her principal residence, or the �:rchaser or ��_.
<br /> .=,�• grantee does so occupY the Properry. bui his or her credrt has not been approved in accordance with the __- _�,��__
<br /> requirements of the Secretary•
<br /> , �. •,
<br /> (c) No Waivar. If c(rcumstances occur that would permit Lender to require immediate payme�t in tull, but Lender . ;• , �''.:�:'`-.�;t
<br /> does not require such payments.Lender does not waNe its nghta wfth respect to subsequent events. ' �� "
<br /> . �'-
<br /> . (d) Regulations of HUD Seeretary. In many dreumstances regutations issued by the Secretary wiU limit _ , �'� . �
<br /> • Lender's dghta. (n the case ot payment detaulTs. to require immediESte poyment in full and torectose it not pafd. This - • �y =� �-
<br /> i �
<br /> . Secudty Inotrument does not authodze acceleration or foreclosura if not pertn(tted by regu�attons o1 the Secretary � '.�,�������, . �•��
<br /> (e� Mortgage QVo! Insurad. Bartower agrees that if this Secudly instrument end the Note ara not determined to •�,.;,; . �:
<br /> ,..,.. �. �± '", l �
<br /> '. be eiiglbte tor insurance under the National Housing Act withln 90 dBVS hom the date hereof. Lender ;:;;- ��-..
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<br /> may, at its optfon requ(re immediate payment in fuil of all sums secured by this Security instrument. A wrftten statement ����
<br />' ot any authorized agent ot the Secretary dated subsequent to 90 daVB from the date hereof, deciining •rrb.f-�.�- ' t;
<br /> y . �',. '
<br /> to Insure this SecurKy InsVument and the Note, shall be deemed conclusNe proof of such ineiigibiiity Notwithstanding s-, � �
<br />" the foregoi�g,this option may not be exercised by Lender when the unavailability of insurance is soie(y due to Lender's � � �E :
<br /> ta7ure to remR a mortgage insurance premium to the Secre�ary. ;+�ka!!Wi��. _
<br />� 10. R61n8t8temen� Borrower has e right to be reinstated if Lender has required Immediate payment (n tull because ot J �4;��• ; �' ' �
<br /> � �W�
<br /> BoROwers tailure to pay an amount due under the Note or this Security Insbumen2. This dght appiles even aRer foreclosure ,;. � •:��:.;
<br /> proceedtngs are insUtuted. To refnstate the Securiry Instrument. Borrower shall tender In e lump sum all amounts required to , . ._,�,�,,.
<br /> bring Bortower's account cur►ent Including, to the exteni they ere oyligaUons of Bortower under th(s Searicy Inswmen� .*.�-��.,-- `�..;�r:
<br /> '� foreclosure costs and reasonabte and customary attomey's tees and expenses properly assodated with the toreclosure �T_ , �w-1_-'��
<br /> ;��'�,. . . �;�°.
<br /> proceeding.Upon reinst�tamant by Borrower,this Security 9nstrument and the obtigations that ft secures shait remam in effect as •.y;,,.� . .n,,. ;.�,;,_..:.
<br /> ,-�,ZI hU-., v
<br /> H Lender had not required immediate payment in tutl. Howerer. Lender is not required to pertnit reinstatement ii: (i) Lender has �.-, i w. . ,_.
<br /> aceepted reEnstatemertt at!er the comme�cement of foreclosure proceedings within two years immed!atety preceding the ,",�` � '.'� k,:••. ,
<br /> ,�:u•. . .,;��' TS�s,
<br /> commencement of a current foreclosu�e proceeding, (ii) reinstatement will preciude foreclosure on different grounds in the tuture. ,�}�+,.'`�.`.'•r,.�����
<br /> v . r , ,y, �*� .
<br /> � or��reinstatement wiil ad��erseiy aftect the priorriy of the tien aeated by this Secur.:y instrument. ;:��;.. . . .,,,ti .�
<br /> v�y. _ .
<br /> - 11. Borrower F��i Released; Forbearanc� By Lender Not a W�iver.Extension of the tima of payment or ��;•...� _ _ . ___
<br /> modiflcation of amortizatlon of the sums secured by thls Security Instrument grarr:ad by Lender to any successrn in Interest of ,u�� ?'4�
<br /> 8ortower shall no1 operate to release the liability of the odglnal Borrouvar or Bono•+v�r s successor in interest. Lender shail not be • . �r, ��!'
<br /> �y�t,t:,�
<br /> required to commence proceedings against any successor in interest or refuse to extend time tor payment or othervvise moddy •a�T'—�--���-?�pr`-—
<br /> '":,r �i'-. —
<br /> • amortizaUon of the sums secured by this Securtty InsWment by reason o} any da:�and made by the original Bortower or �e.�,;, -,e,�
<br /> .1/4�. .
<br /> Borrower's successors in Interest. My forbearance by Lender In exercising any righi or remedy shall not be a walver of or _ ".�':,p�,,,�.:� . ,
<br /> . prec�ude the exercise ot any dghl or ramady. -� '��"`�-'"' ' '
<br /> , . .. .
<br /> `::`Y�:,,..x..�':'::L:-•:.'-.__-.
<br />� Jolnt and Severa! LiablUty; Co-signers. The covenants and �• • • -
<br /> � 12. Successora nmd As�igns Baund; :-�..:.�f ��_t, !-
<br /> , agreements of this Security InsUument shall bind and beneM the successors and assigns af Lender and Borrower, subject to the �-.�,,:��,�
<br /> � • •'Y=�v. ..m
<br /> provislons o1 Paragraph 8(b). Borrower's covenants and agreements shali be Joint and several. My 8otrower who co-signs this __,s�•—
<br /> SecurEty�nsUument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage.grant and convey � . �'='
<br /> that Bortower's interest in the Property under the terms ot this Security Instrument: (b) is not personalty obligaled to pay the 4`�
<br /> � � sums secured by this Security Instrument: and (c) agrees that Lender and any other Bortower may agree to extend. modify. ��
<br /> fotbear or make any accommodaUons with regard to the tertn of this Security instrument or the Note without that Borrower's =
<br />' :,•ti.•`• consent. �.• �
<br /> • � 13. Notices.My notica to Bortower provided for in this Security Instrument shall be given by delivering it or lsy mailing it • .
<br /> by flrst ciass mail unless applicable law requires use o1 another method.The nolice shall be directed to the Property Address or • • . . , �—�
<br /> any other address 8arrower deslgnates by noUce to Lender. Any notice to Lender shall be given by first class mail to Lender's . � -
<br /> address stated herein o: any address Ler.Cer acsur•3tes by notice to Bortov,er. My notice provided tor in this Security �.
<br /> � Inatrument shali be dee�'ned to have been g�+en'c 1r^�Ner or Lender when y�vea s•> 9rovided in this paragraph �" ' �
<br /> ,�,� �`" �_�_
<br /> ��.:!,• ; I<,. . __
<br /> . ,.�. . 14. �overnfng l.avi; Sever2�uCn?�/. ���s Security 'r.sc•_r-�nt sha�l te yc.emed ty Federal Iaw Grd cre law of the (_ � �
<br /> • judsdiction in which the Property is lo�t_d. �� '-�" e•�ent thai �r.J ;.rovisio� or ..s..se of this Secunry Instn.re*t or the Nu�e ;�` �
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