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<br /> . .� ' � �7m�.Q � �ERFCOR����I��-��•�.�� �'. , `�,. , . _
<br /> Security IvsuumenL Lender shall&r�r.�y such pmoeetls w tlte reduction of the indeb�under the Note and tttis Security t .<
<br /> � Instrument,5ist to aay deIinquent amaunrs applied in the order provided in Para$raFh 3,and thQa to PrepaYmeat af grinctpa! ! - � ��'E
<br /> • . � �Y aFPiiratina of the pmoeeds tn the princ�pal sbaIl aot extead or postpoae We dne datc of the moathly paymems.which ` � . � .
<br /> . � ' arc referred w ia paragtaph 2,or change the amount oi sush PaY�� �Y�Pro�$over an amnunt requued w i . ,
<br /> � pay all outsraading indebtedness under tLe Note and this Securlry Insuumeat stsll be paid to ct:e eaaity legdl�y eatitled theceto. � ;
<br /> • : . . 7. Cbaeges tn Bonmver aa�Proterttoa o!I�°a Rtg�its!n t�e Prnperty: Borrawer st�aall pay all govemmemal or ' �` ' �
<br /> s
<br /> . munic[pal charges.5a�es aud impc�sitIons Wat aze not inctuded in Para�gaPh 2 Borroarer shall pay tl�se obligations on ti�ae � ` �<. .
<br /> � d�ectiy w the entiry ahish is owed the gayment If�7ure w pay arould adveisely affecc Lender's mterest ia the Propesry, �. " , .
<br /> . , � upon Leade�s request Borrovrer s6aD prnmptly fiunish w IEnder receipts evl�encing these gayments. �. . _
<br /> ` If Borrawer fa7s to make these paymeats or the Pa3►ments ralui�bl►Para�aPh 2, or fa�s tn perform auSr other t . .
<br /> . . `�. covenants aa�agceements mnisiffid in thts Seauity Inscrument.or tit�re i�a 1e881 Pm�ding that maY si�ifi�nuY affect .. .` ,
<br /> ._.� -. --- I.endePs rigt►ts in t�c Pcaperry(suc�as a pm�diag fa ban�ruPuY,far coadem�ation or to enforoe laws or regulattoas).thea ` • --- - -
<br /> ..< . � I.ender may do and pay whatever is aeoessaiY tn protax We value of the Progerry and L,endcr's rfghts ia the Propercy. .
<br /> inciudin8 PaYmeat of tax�c.hamrd imsurance and otI�r items mention�in pa�agraph 2. '} ; ',��
<br /> S
<br /> Any amounts disbursed by Lender under th�s patagtaPb shall heaome an additinnnl debt of Borrawer and be secured hy -
<br /> this Security Instrument These amounts shall bear interest fmm the date of disbutsement at the Notc rate,and at tbe optinn i
<br /> � of Iender shall be immediately due and payable. , . . :"1�
<br /> B n r r a w e r s h a l l P r o m P t h+d�c h a r B e a a Y l i e n w h i c h h e s p r l o r h y rn rer this Secuti ry Iastr�meat unless Barmwer.(a)a8=ees . .
<br /> � , in writtag w the payment of ths oblig�tlnn serured hy the lien In a manaet aca:ptable to Lender,(b)oantrsta fn good faith .. - � .
<br /> ' •, the liea by,or defends agaInst enfoicement of the lien in,1e8�P���wbich ia the Iender's opation operate to prevent �,3' ;-:`
<br /> [he enforae�nt of the lien:or(c)secures from the holder of the liea an a�eement sattsfactary to Lender subordivatIng the . . - v:'
<br /> `'� • . lien to tMs Security Iasuumeat If 1.eadsr determines that atry patt of We Pragerty ic subje�x to a lien wldch may attaia , �, .-'_,�`
<br /> -- � piIority over this s�+rasuument,Lender may s(ve sosiower a notise identifying s�e uen. Eormwer sHan satisfy the lien • .���:�.�
<br />_ . . ' or taice nne or more of t�e actions set farth a6ove wu63n 10 days of ttie g[vlag of aotise. � - --
<br /> � ' 8. Fe�.s I.es�der may mUecc fees aad chargea authorizcd bq the Secretary. . --_i-.
<br /> � 9 GmundstarAoceteratIona4De6L ,. ,�.��--
<br />— . . � .-. (a)nefanlc tender may,esoept as I�ited vy regu�ioag i�suea by the serreiary ia We case of paymens aetautts. _: .;.._,�.
<br /> . res�uire immectlate payment ia fult of aA snms s�ed by this securlry Insuumens if� - . '-�-� '`.�-
<br /> ...z<sa
<br /> , . :" (�sorrawer aefau[ts by►fa�tng to pay in rul�ang m°nth13►PaY�ie4�hI+��I+Insuument pri°r � .;�`•�:�`
<br /> � � w or an the due date of the aext montbly payment.os � 4�`—
<br /> ' (�Barrawer defaults by fa7iag,for a perind of thirty days.to pedorm suy othe:obligations oontaiaed in this � .. .��;'_�;,:�;:-
<br /> . �= Sectuity Inspluacnt.
<br /> (b)Sale WIthont Ceedit Appnuval.Lender shall,�P�bY BPPlicable law(iacludin$secdnII 341(d)of the(iarn r. ��'
<br /> _ ' � Sc t�eermain Depository Institutioas Act of 1982,12 U.S.C.1701j-3(d))aadwith tLe pr(or approval of tte Secretary, ::,;�� ;�=
<br /> ,d:s,,,.
<br /> - . � requfre Immediate payment Ia full of all swns secured by thLg Se�auIry Insuument iF ' .:r:�,,•,-,.�_;:�; -,
<br /> _ : � (�All or part of the 1'roperry,or a bene5clal iaterest in a uust owaing all or gan of the Propeny.is sold or • , g Y,�.�.:r•
<br /> . ott�eswise nangferred(other[ha�by devLse or descent),and ._ � ,� . ��,,,,::
<br /> (in Thc Property is not acxupir�bq the purchaser or grantee ag his or her prIncipal re.aidence,ar the purcl�aser ,.`�`,-{'
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<br /> • • or grantee does so accugy the Pmperry,but his or her credit I�as not been approved ia accurdanae with the , � - n;�.:
<br /> �.� requirements of the Secretary. . .5:"�.v;�:=
<br />: t (c)No W a iver. I f c h c u m s t a n c e s a x u r t h a t w m il d p e r m i t L E n d e r t o r e q u i r e i m m e d t a i e p a q m e n t i n f u U,b u t I.E n d e r ;:�.i,��:
<br /> . ; daes not require such payments,I.essder daes nat waive its righta with respect to subsequent events. -vlS�:
<br /> '�; .; (d)Regata@ons of HUD Sece+eetar9• In maaY dreumstances r�gulatiot�isaued by the Secretaty wN limit L�nder's' ' '. �' : �!-'.-
<br /> . T�$t1L4��ll Lt1C CASC Of�18j1111CDI dCfBYILS�l0 IC(111�LC�'E�SZC}Yd}RIlBffi�11�8I1�fOICC�OSC�IIOL�18�. ��S S2CUI�ljf . '':'�'n'
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<br /> Insuument does aot authonc�acceleration or foreclosnre if not permitted by regulations of the Secretary. ,�.,.t+:.
<br /> � (e)Mor¢gage Nol Insuied. �onower agrees that if this Seauiry Iasuument and the Note are not detenNned to be • ' � �.'s�_�
<br /> `.,; eUgble for insurauce under the Nattonal Housiag Act within 60 DAYS from the date hereoL �:'.��•
<br /> � . � Lender may,at its aption.require immediate paymeat in full of all sums c�red hy this Securkyr Insuumen� A � � :�....t`'�
<br /> wriaea statement oi a�r anthorized agent of the Setretary dated subsequeat to 60 DRYS from • .,;.?:_:�:
<br /> � � . , . :j the date hereo&decllning to iasure c6is Secuslry Insuument and the Note,shaU be deemed caaclusive proof of such ' _ � . ..�
<br /> .`;. : • � iaeligibility. Notwithstanding the foregoing,tfis option may not be exerclsed by I.ender wLea thr°unavaitab3lity of � . . '.•s
<br /> ��. insu:ance Is solely due to Lender's failure to remit a mort�ge insuraaoe premium to the Secretaty. . .
<br /> r;:. , � 1 10 Relnsmiemen� Borrower has a rig�t to be refastated if Lander has sequired immediate payment in fuil because of •.
<br /> .; Borrower's fa�lnre to pay an amaunt due under the Notc or this Securiry Iffitrumen�'l�is right app�es even after foreclosure . . , ..-;
<br /> . � ' praoeedtng,g are inatituted. To reinstate the Security Iasuument,Borrower shaU tender in a tump sum all amaunts required
<br /> �'�`�. .� to bring Boaower's acoount current including,to the exeent they are obll�tions of Bossrnver uader this Sec�uity Iastrument, � . ' ..
<br /> � , . , i forecIosure casts and reasoaable and castomary attomeys' fees aad e�pea4es properly as�aciated arlth the foreclosure ,
<br /> � procecdlag. Upan relnstatement by Boaower,this SecurIty Inswment aad the obUgatloas that it secures shall rematn in . . �•
<br /> `y : ; egect as if L.ender Lad not required Immed9ate paymcnt 1a fiill. Howevez,Lender is not required to permit reinstatement iG .• ' ..
<br /> (�i�cnder has accepted relnstatement after We oomm�ncement of forecIosure prooeedings wiihln two years lmmediately
<br /> ,;.A. � preoeding the oommencement of a current foreclasure prooeeding,(i�relastatement will preciude foreclosure on di�erent ' • � '
<br /> grouads ia the future,or(iii)reiastatement wlll adveisely af(ece We prlority af the llea created by tl�Securiry Irsm�ment
<br /> . , � 11. Bomuwes Not Reteesed;Forbearance Dy I.eader Not a VYaSver. Extension of We tlme of payment or modiflcation
<br /> � af amortizatioa of the sums secured by Wi�Securlty Instrument gtanted by Leaiier to acry succe�sor in iaterest of Boaawer .
<br /> � • � ahall not operate to release ths ilability of the orlglnal Bonower or Borrawer's succe.tsots in interes�. Lender shall not be . . �
<br /> � ' requlred to commence procesdings ag�lnst a�ay auccessor in interest or refuse to extend tlme for payment or oihenuise moditjr .
<br /> ; amon}78tion of the sums secured by W1s Securtty Iaam�meat by resson oY any demand made hy the orlginal Bonawes or �
<br />� ' � Borrower's successora 1n interes�. Aay forbearaace by Lender in exerclsing atry right or remedy shall noi be a w�'ver of or ` ' �' ' •
<br /> _� �`, . preclude the exerdse of airy right or remedy. �
<br /> � 1�. SQOces.gosa und Assigns Bonad;Jolat nnd StveerallJabllltq;Co-Slgneea The oovenants and agreementa of tht9 ,
<br /> i Security lasirument shall bind and beneSt the suocessors aad asslgas of I.�nder and Bonower.subjecc to the provL+ions of � • �
<br /> �i ' � paragraph 9(b).Borrower's cwenants ead agreemeats shall be joint and severaL Any Borrower aho co-slgns th9s Secuflty �
<br /> ` ingtrument but does not execute the Note:(a)i�ca-slgning this Securlty lagtrument onty to raongage.gant and r,omey that .
<br /> � Bonawer's lnterest ln the Property under We terms of this Securlty lastrument;(b)is nnt personally abllgated to pay the sums ` . ,..
<br /> , . . � secured by this Securiry Instrument;and(c)agrees that Lender and a�r other Borrower may agree to estend.modlfy,forbear
<br /> or make arry accommodations with regard to the terms of this Se�:utity lnstrument or the Note wlthout that Borrower's ,
<br /> consent. ' �
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