|
� � �
<br /> _. .. . Z :
<br /> , ..
<br /> ��_"r__ E"s. ... . . ... . =. .- _. __' `a_�,:. . '.-:._..�_:-.�-.�v�.t''-:�_ ' { ..x�e `` ._g:__
<br /> .�-•���'l,._ t `' . _ . ` --,.�TC^ . ,4Y �`, " � 1.f ( .`ti. C 4 .
<br /> . .. . . r � � C c� t- .
<br /> �.•_ . - r�� _ ..._ _ . . „: ._ . . . ..� . . .. ..�. _ .Cr 'CY.a
<br /> , C . � ` . L • . � . r_'}a . . .. � � . `�. �. . . " . , . ... �� � Sh}r ` . t '.� .
<br /> � . .. _ _ � . .- -. ,� • • _ � r. . _ ' . � . < . i 'f`'.
<br />._ '. . ' - c . � - � . . . ' . .. .� . _ . � . 'l't
<br />.. � . ' -• . : � i. .... . . .- �F. .�. , ' , _ . . . . _` . " � � o ... � . . .<. _� .�.r� .. `},..
<br /> ' '� . �; . , •. � - . , - < • . ' � - , ,�_ ..�.�....�_._5�—�—�_ �.�tic.� c �+� -.� . _ ..c
<br /> . _ ,_� ' ___ a�....."'�__ �....`..�_ ___ ,F � 4 .
<br /> , � �` `G. � • ♦ �.. - . � `C
<br /> ;-� . : ��-° ���'�� `-
<br /> .�, � �.. _ .
<br /> - l''�. :" (i)All or part of the Prope►ty,or a bcneficial interest in a m�st owning a17 or part of ths Property,is sold ,
<br /> --- -==`�z or othetvvise transferred{oti�er than by devise or desceni),and 4 �.,_;,
<br /> � : (ri)T h e P r o p e rt y is not o c c u pied b y the purchaser or grantee ac his or her principal tesidence.or the 'w• .•
<br /> � , . . purchaser or gcantee does so accupy the Propercy but 6is or her credit has not bcen approved in _..
<br /> t. , accordance arit�the t�equitemenu of the Secrexatyr.
<br /> • (c)No Waiver. If cin�tances oocur that woutd peamit Ixnder to require immediate paYmeat in fiill,but '.` • '� i �-��:'.
<br /> . Lender does not tequire sucb payments,L.ender daes not waive its rights with t+espect to sabsequent events. .�- ., ���._
<br /> �.�� c�gegu►atEons o�HUD Se�etary. In maay circaimstances regulazions issued by the secretary wU limit - ,., A`,.:``� :.
<br /> nt{a fuU and foreclase if not �rv
<br /> � ' Lender's rights. in the case of payment defanits,w�eq¢ize immediate payme - _
<br /> •r•.. ';.I" paid.This Securiry Insaument daes not authorize acceleration or foreclosurc if not permitted by regulations °;...
<br /> � , :
<br /> . � ''i. of the Secretary• i��y`
<br /> . : f; (e)Moitgage 1Vot Insmed.Borruwer agrees that if this Security Insawaent a�d the Note are not detetmined _—
<br /> ` to be eligible for insurance uader the National Horsing Act within 60 days from tine date hereof,l,ender . L `.,�:,.__
<br />•��� :.•,; : •.. •, may,at its option, re4vire�ate PaYment in full of all sums setured by this Secauity ?� ,ment. A � :�---
<br /> to 60 days fivm the date hereof, � ,�
<br /> written statemeut of anyr authori�ed ageat of the Secretary dated subsequcnt , ;_:.-,�.,�-
<br /> • �'_ ��g � �a�ure this Security Instzument and the Not� sball be datned conclusive pmof of such : r �' ;�
<br /> . .. • .`��__'. ineligi'b�7ity. NotwitbstandinS the foregoing, this oprion may not be eaercised by I.ender wh$n the , -�_
<br /> _ ' • �mava�ability of insurance is solely due to L�ender's failure to�mit a mortgage insuraace Premium to the . "g=
<br /> re i
<br /> • �� . , Secretar5,. �`�x
<br /> • � • ` ' 10. Reinstatement. Borrower has a right to be reinstated if Lender has required immediate paymsnt ia fuU � ,
<br /> • ��>- -
<br /> . � _-'-�� �.� because of Borrower's fa�7ure to pay aa amouat dae uader the Noee or th'ss Security Instrumen� 1Lis right applies _ �•°
<br /> . ,.. .�• . �,,�r:_
<br /> � ' even after foreclosure pmceedings aze instituted. To reinstate the Security Insaument, Barrower shall tender in a .
<br /> . ". ' �.�•� lump sum all amounts required to bring Borrowes's account aurent including, w the extent they ase obligadons of ,��:�
<br /> . Borrower under this Security/nst�ument.foreclosure costs aad reasonab2e aAd c�stamary attomeys'fees and expenses ,..�. t,
<br /> • Borrower, tbis Security Insuument and �"
<br /> . - pmperly assaciated with the fonecZosure pmceeding. Upon reinstatem�hy ��P�t in fuU. , .
<br /> t-_—
<br />_. the obligations that it secuies shaU remain in effect as if Lender had not required ' .,.'<ar;_:•
<br /> . . � However. Lxnder is not required to permit reinstatemeat if: (i) I.ender I�as accePted t+einstatement after the , , �'�...
<br /> '::•�ti�a�'
<br /> ' commencemeat of foseclosure praceedings within two years immediately preteding the commencement of a current _ <;;�
<br /> � ' foreclosure proceeding, (ii) reinstatemenc azD preclude foreclosure oa different grouads in the fuwse, or Crii) - �.�
<br /> - �-- - ��--�- reins[atement wiU advessely affect the prioritiy of tha lien created by this SecuritY Instrument. .. '.�,_;��i:
<br /> • � ii. Sorrower Not Relet�ed; For6easance By I.ender No4 a Waiver. F.MensIon of the dme of payment or �,,,�,_
<br /> ' � • '• ' modification of amorti7atioa oY the samg se�ured by Wis Securiry lnstrument granted by IRnder to say successor ia ;•-=�:___
<br /> � ' iaterest of Bonower shall not operate to release the IiabUity af the original Borrower or Borrower's succe.asor in ` i;�:.��:
<br /> � �:�:
<br /> . , � intecest.I.ender shall not be reguired to commence pmceedings against any successar in iaterest or refiue to extend . , :��.
<br /> .. • `° dme for paymen�or othen�vise modify amortization of the sums secured by this Securiry Instrument by reason of any ` �
<br /> _ �.�:
<br /> - - . , demand made by the original Borrower or�nower's successots in interest.Any forbearance by Lender in exet�ising • �:�,�r,%,
<br /> _ aay right or�medy sha11 not be a waiver of or prectude We eaercise of any right or remedy. ���..:
<br />� 12.Sncce�ofs and Assigos Bound;Joint and Several Lla6ility;Co-Slgne�s.The covenants and agcee�enu %.._�
<br /> � � � of tbis Security Instrument shall bind and benefit the successo�s and assigns of Lender and Borrower,subjea rra the � : �: �� '°� �
<br /> provisions of paragaph 9@). Borrower's wvenanu and agreements sDall be joint and several. My Borrower who :
<br /> , . � co-signs this Sec�uity Insuvnnent but does not execute the Note: (a)is co-signing this Security Instrumcat only to .. •
<br /> e m
<br /> �� � •• - mortgage.grant and convey that Boaower's interest in the Pmperty under the terms of this Security Insm�me�►t;N) • . •
<br /> . �� ' is not personally obligated co pay the sums secured by thia Security instrument;and(c)agrees that Lender aad any+ , ,
<br /> • . other Borrower may agee to extead,modify.forbear or make any accommodations with regard to the termg of this . , � ��
<br /> Security Insm�ent or the Note without t�at Bonower's consent. ' � � . � '
<br />. . , . -. .�r. .
<br /> ,.� . . . � � ,'_ " .
<br /> , .. . • ' �4RlNE1�eeosr.o� vaoe s oe e mina�s:� -- : . . .
<br /> , . � ,
<br /> _=• � �
<br /> ,.. � .
<br /> , .. .. _._.__..... ..,__.__-^---�-1
<br /> c ' . ' .. . � , . � � � ,
<br /> . . . . ., . • .- �--- , ;� �
<br /> ��. ` �` �
<br /> �.. .... .. ..,. . - - .� ..,.�._._,..._��.�.��.s...:.,.�...�.���,...._��y - --=...�'.o��.:�...�......... ,..._.. .,s,...._ ,�.. ..,. ...,�.....t....._a.,..� .. .....,. .�......... ..�.......:.�.....___.
<br />
|