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<br /> � . Any amounts disbursed by Lender under Mis Paragraph sha11 beeorne an add'dional debt of Borrower and be secured by �. `:. -� ,-` �. `
<br /> • ."_ tn�s Security tnswment These amounts shall Dear interest hom the date ot di5bursement at the Note rate.end at the apUon ot ��.,, • �,.. �
<br /> • . lender.sha0 Ee immediatety due and pay8bie. Instrument untess Borrower. (a) agrees �+ . �
<br /> 8orrower shau prompty discharge any �ien whieh pas prtortyy over this Sac�urtY � . �.`�. -
<br /> �. writing to the payment ot the obligaUacs secured by the ren fn e man�er acceAtabs tc Lend�;(h)contests in 9ood ta+th the Gen ,
<br /> ! bY. or detends aga�nsi entorcement ot the fien in. te� P���9g which in the Lendm's optnian operate to prevent the � • . r �
<br /> � ' � e n f o r c e m e n t o 1 t n e I i e n: o r(c) s e c ures trorte the ho►der ot the Gen an a�eeme�t satisfactory to Lendor subordinaUng the I�n to � �
<br /> �. � ,°; : . ' . ..
<br /> . . , ihis Security Irtsuumen� It tsnder determines tnat any Part ot the Property is subject to a[ie�w h k h m ay a t m i n D r[o r�Y o v e r M t s .
<br /> � �.;��� � . ..
<br /> ` � . 3ecur@y fnsUument,Lsnder maY 9�Bo��a notfee IdentByNB the�8n•Borrowe�sheD Sat[sty the ilen or talce ane or more of � < �,
<br /> .. ` _ the actions set toRb ebove w�lhin 10 days ot tha gktn9 ot aotice. � -`-�� . .
<br />� - --,--= - - S.F@Q8.Lendor may colieCt fees and Charges authoriaed by the SeCreta►Y• � ---- --- --
<br /> � :.� 9.Grounds tor Acceteretion of Qebt � i�.`:�... -.
<br /> ' (8) Q@�IJIL Lender may. sxcePt es I'united by�agulatlons issued by the SecretarY u� tAe case of P8Yment defauRS. � .
<br /> � � cequue 6nmed'ate PaYment in full of sU sums secured by this SeeurtY Instrument fi ` . � ... .
<br /> : . (7 Boaovrer defautts bY failui9 to pay�n tuU enY monthty payment re��ed by this Security lnsttument prior to or on � _
<br /> � � the due date of the next monthty paymen�or � .
<br /> . (�Bortower detaults by fa�9.tor a Period ot thUtY daYs.to Pertortn enY othar obligaUons contafied in this 3BCU�Y - ..0
<br /> .' Mst�ument �: �"r,•.. _ ,-
<br /> � . � � :' (b) Sate Withoui Credi4 Approval. Lender sh&II. if perm�ted by aPAGCBbSe law(inCtud'm9 SeCUoa 341(�ot the .. ,, ,�:,`.,=
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<br /> GamSt Gertnain Depos�ory Institutions Aet of 1982. 12 U.SC. 1701}3(d))and with the prtor approval of the SecreterY.
<br /> _ ' � ��,°.'�`.;:`_
<br /> � requ'¢e unmediate payment in tuU ot e0 the sums secuced by this S�cu�fl�nsuument�: :; ,,,.�
<br /> ' � (� AU or part of the PropeRy. or a beneficiel intarest in a ttust owning all or part of the Property. is sotd or � _ s—
<br /> . �. , ,,.:,� otherwise transferred(ather tASn by devise or descentl,eed '•_`�.-
<br /> n The PropeRY is not oCCUP�d by the purChaset or gr8nte8 es hi5 or her Prins�at rest0ence.or the p�chaser or �;..�_=.-- .
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<br /> . :.:�� grantee does so occupy the PropeRy. but his or her credd has �ot been apDroved � aecordance with the `.��_
<br /> . '' requirements ot the Seaetery- - � �
<br /> : �,1 (C) NO WSIVEG If cccumstances occw that wau►d permR Lender to require ommediete payment m tu0. but Lender , ,��
<br /> , m ts Lender does not w8iv8 iGs ri9hts wfth respect to subsequeot events.
<br /> 'vs sucA a en . '- `�.!•"F=
<br /> . '.;.'� does not re0.� P 9 , _
<br /> � �����yi:yT .
<br /> (d) Regulettons of HUD Seeretary. in many cfrcumstences regu�aUan$ issued by the 3ecretery wv CQ��
<br /> ent in fu0 end foreetose � not P�4. This �.� a�=
<br />� , Lendeds rights. o� the Csse ot payment detauRs. W�eQu�e fmmediafe GaYm . y�_,.
<br /> �� Security inswment does not authorize accete►aUon or toreciosure U not permilted by regutatto°s af t�e Sacretary• , :w"- '; "
<br /> � � ' '� (e) Mortgage Not Insured. Borrower agrees that U this Security InsUument end the Nota are no!determined to w :�,_ , ,-_e
<br /> ' � be eGgbte tor insurance under the Nattonai Housing Act w�1hN#O}d�1I8(90� Nam the date hereol, LenQe� `� �f�i?-r'.�
<br /> . ',. . � ent a��.0 of aD sums secured B this Security Instrumen� A wr�ten statement �� ''. '.r:;$..:
<br /> .,'c�:... may.at its option require immediate paym y _ �
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<br /> � ot any suthorimd agent of the Seccetary Oated ss�equent to#Of da118 (90� from the ds!A hereat, Qecttnin8 ��t , :i��'�_
<br /> � to msure this Securityr Inswment and the Nate,shaU be deemed concNs'nre proot of such meiig�b�ity. Natwithstanding �,
<br /> F • �."�`-��:
<br /> ' ° ` .�. the foregoing, this option may not be exeraised by Lendsr when the urtavai�abi�itY of insurance is sotery due to Lenders ,y4,.
<br /> �''� Iaiiure to remit a mortgage insurance premium to the Secretary. .�;:-.� , -�`
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<br /> ' ' 1 0. R B i Q S t ffi L'1 1't@ n L 8 o rc o w e r h a s e r i g n t t o be reinst8ted it I.ender has requued immeAlate payment tn futl because of / ,�,
<br /> 8ortowe�s tailure to pay an amount due under the Note or this Securiry InstrumenL This right epplies even after fOrec losure .,� , ��!�-;
<br /> • " proeeedings are instituted• To reinstate the Securityr insdument, Borrowet shall tender in a fump sum all emounts tequi►ed to , „ ._T ;_,
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<br /> ' bring 8orrowePs account current inciuding. to the extent they are obUgations o} Borrower under this Securiry Ins�.s-��s2. ff._�
<br /> < ' forectasure costs and reasonable and customary attameYs fees and exPenses proAerty esseaiatea wnh the toreeiosur� �
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<br /> • � proceeding.Upon rert�statement by Borrawer,thts Security Insbument end the obifjgations that ft secures sha0 remat�e►eHe�t es . . ��
<br /> it L.ender had not requ�ed immedlate payment in tu0. However, Lendar is not required to perm8 refistatemant if: O 4.ender has �;, ��. �•,:,
<br />, � accepted remstatement aRer !he commencement of forecbsure proceed(ngs within two years hnmedintety preceding lhe �, ��"
<br /> commencement of e current forectosure proceeding. pi)re&�statement wiil prectude forec�osure on ditterent grounds tn tAe future. �,
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<br /> , ' t,, or (�)reinstatement will adversely affeCl tAe priorRy ot the lien created by this Security Instrument. : ,.,-_
<br /> 11. Bo�rower No t R e t e a s e d; F o r b earance B y Lender Not a Wa[ver.Extenston ot the time of paymtent or �.
<br /> mod"Aication of amort¢ation ol the sums SeCUr�d by this SeCUrity InSUument g�8�ted by Lender to eny successOr in mter89t ot t ��
<br />" i BolrOwer Shall�Ot OperBte t0 te10859 th9 I"ability Of tI19 Origin8l BOffOw6r OI BOrtOw6rS SuCCeSSOt UT A'�t0tAS4 LenQBf Sh311 n01 b9 .
<br /> � required to commence proCeedings ageinst any successor in interest or refuse to e�ctend tUne tor payment a otherwlse modifyr . . .
<br /> .' amortization of the sums seCUred by this Security �nstrument by reason pf enY demaed made by the origtnal BoROwor or _
<br /> Borrowers successors in interest. My forbearance by Lender in exercising anY right ot remedy Shatl not be e waiver ol or ;. +�.. _ ;
<br /> • preclude tDe exercise of any rght or remedy. � . . ,:.; :�
<br /> 12. SucCessors and Assigna Bound; Jolnt and Several Liablllty; Co-slgnera me eo�enants ana .
<br /> egreements of t�is Security lnstrument shali bind and benefR thp successors &nd asslgns o1 Lender and Bortower,SubJeCt to the
<br /> ' � � . provistons o1 Paragraph 9(b).Bonower's Covenanta end agreements shell be jolnt end several.My Borrower who co�s�gns this ,
<br /> Security Insirument but does not execute the Note: (a)is co-signing thls Security tnsuument ony to mortgage,grant end convey
<br /> that 8onowers intorest in the Property under the terms ol thls Security Inst�ument: (b) is not personalty obligated to pay the • .. �
<br /> sums securetl by th�s Securrty �nstrument; and (c) ag�ees thet LenCer and any other Bonower may agree to extend, modifyr, . ,
<br /> torbear or make eny aCCOmmodatians wAh reg8rd to the term 0� this SeCUrity Instrument at the Note with0ul thet BOr�Owet'S
<br /> � Consent. � �
<br /> . . 13. �101iCBB. My not�ce to Bonower provlded for in this Security Instrument shail be gNen by dellvaring it o►by mailing�t
<br /> :�•. . by lirst ctass mail untess applicable�aw requires use of another method.The not�e 5hatl be dtrect8d to the Propertyr AGdress or
<br /> any other address Borrower designates by notice to Lender. My not�e to Lende►shall be given by fus!ciass mail to Londer9
<br /> � address stated herein or any address Lender de5ignetes by notiCe to BortOV�er. MY notlCe provided tor in thls Seeurftyr �
<br /> InsVument shell be deemed to hava been gNen to Borrower or Lender when given es provided in this paragraph.
<br /> �•• 14. Governing L.ew; SeverablUty. ThiS SeCUrily InBtrument SheU be governed 6y Fedsrel law end the �aw ot tne �
<br /> . ' �unsd�ct�on m wh�Ch the PrOperty u �OCStad. In ihe e�ent thet &ny provis�On Or clau5e 01 this SOCU�Ay �nstrument or the Note
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