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<br /> . , ' . Any amounts disbursed by t:�nder under this Paragreph shaU become en add�Tional debt of Bortower ar�d be secured by ' �`•.� �:;� .
<br /> ` tn�s Secumy InsCumsrrt.TAese amaunts shall bear mterost irom ine Qate of disbursement at the Note rate.end at the optton ot - 1 �
<br /> � � . � ` ... .
<br /> 4 :. _ .£ .. .�` LenQer.SA811 be htmedtatBb dua end payabta.
<br /> � 8orrowe.r shall promptry d�cher6e any tien whteh has pr[orily over thts Security InsUUment unteu Bortower. (a)a8ress o�(� � • ::'.�.:::
<br /> writtng to tRe p8yment O}th9 obiigati0n secuted by the�ten(n a m8nner a�tebtB to Lender.(b)comests fn Qood(aith the 68n� . • � `
<br /> ` ` by. or defenQs ag8lnsl entorcement ot the �an fi. fegai proCeedings whtch a� the Lenders opinbn operat� to pravent the , ` k ' ,
<br /> � entorcement of UB lien:or(c)secures irom the hotdar of the tlen an agreement saHsfactory to Lender subordinatfig tAa Iten t�
<br /> ` . . . tE�is Securdy tnsGument.If Lendar determines that any pari ot the R►openy is subject to e lien vrh�h may attain pria�3y ovsr thl� . �^.
<br /> ' . . � SaeutBy tnstrurs�ent.Lender may glve Borrower a notko I�ant�ying the�•8orrow8r Shell saUsfy the ten or take One or more� • ,.. �
<br /> � ' . "° the sMtons set farth above vritAfn t0 days of the g�v6ig ot notice. � ' . • ,
<br /> � �5` 8. F@8�.lender may cottect feas and c�srges authorltad by ttie Se�ettuy. � . 4
<br /> �-- - `--- -- 9. Grounda for dccetere4tur�ot Detst - .� -.
<br /> , .�. � ° (8)D8181�IL Lender m8y. �reeDt fls Cmited by teguLstlons(ssued by ttie SecteffirY fn the r.es�e of pBY+ne[tt defsuft8. T•�:<`..` `
<br /> ' - requtre tmmediate payment In tu0 of aU sums seeured by this Secu�y instrument d: .:� • �
<br />= ' (�Bomower defauRs by tall�t9�PaY tn fu0 er►y monthh►PgYment reQufred by thts Secur�Y���t Pttat to or an
<br /> �
<br />_ � - �t, the due date ot the ne�A month{y payrt►en4 or .
<br /> � �.` (t�j Bcrrower defaufts 6y failing,tor a parfod ot tliaty Oays.to Pertortn any other obligations conmined in this Security ,,` . ,
<br /> - . ��� InsCUmen�
<br /> ,. , , (b) Sate Without Credit Appravat. Lender 5A80,if Dermitted by apAfu�bie taw (inch�din�SeCUon 341(d) ot the
<br />_ _ . � ,y .� Gam-St Oertnain Oeposdory Insiidrttons Act af 1982, 12 US.C. 1701j3(d))end with the priorapproval ot the Secretsry. ^ -
<br /> requQe 6nme0'iate payment tn 1u0 ot a0 the sums secured by this Secutity(nsuument J: - -
<br />_ ' F �= � • (� All or part of tt�e ProAertY. ot a benefwasl infere5t N B Wst awntng sU or part ot the ProPertY. ts Sold Or , --
<br /> l11 ptherwise transferred(other than by devlse or descent),and ___
<br />- • : �. �.�` � (�The Properry is not oxupied by the purehases or grantee as hts ar her pc(ncip8l resWeace.ar ffie purcAaser or : :_�-
<br /> grantea daes so oCCUpy Me Property, but his or her ctedd has not been aApraved in aCCOrdance with the � �.�
<br /> :,� . .. . . ,:.:.� raqutrements of the Secretary. s..�;:�":II`
<br /> , : (C) [+�0 WSiY@�. If C'vcumstances occur that woufd perm� Lender to requtre rnmediate payment in full, but Lender — -•.,�-��
<br /> � � " � daas not require such payments,Lender does not weive�.s rights with respect to Subsequent avents. , -i.�c=_;
<br /> � •� (d) Regulatians ot HUD Secretary. in many CQCUmst8nce5 reguiatbns issued by thB SeCretery w+U Gmd .;��.��7."-'�:?:4���;;
<br /> � � , lendefs rights, fi the case ot payment defaufts, ro require bnmediate payment tn tull and toreciose H not pafd.Thfs , ��•.- �'_
<br /> - ` ` ' � Security tnstrument Qoes not authorize acceteration or forectosure if not permitted by regutattoes of the Se�retaryr. 4iA
<br /> ��:.w:., ._,-�.:
<br /> .. .,-..��.r.
<br /> - � .. (e) Mo►tgsge 1Vot tnsured. Bortower agreea that� thts Security tnstrument end tAe Note ase not detertnined to , � �a_
<br /> ;._. _, be eligbte for insurance unQer the Natlonal Houstng Act w@hin# O?d8V8(901 fram tRs dafe hereot. Lender , .,}�.��.:':
<br /> ., � . may, at Rs optlon requtre immediate paYrt�ent in fuU of sU sums secured by this SecurdY(nsUument A wr8t9n state�nent ; `t:.'.'�-.__
<br /> �: .. ot any sutnorizeo agent at me seaetary oateo subsec�u�n to# af dava(90) from the date heceof, dec�ing °•� _-
<br /> ' ' , to insure thls Securily Instrument and the Note. shaif be deemed conclusNe mof of sueh he ifdy.Notwfthstand6ng � °;,�=
<br /> it:'v r%
<br />;:_�;.:' the foregafig,this opUon may not be exetcised by L.enQer when the anavailab�ity of fnsurance is�soleN due to Lenders � � •,' �� *.��,�.`:'
<br />-- • • failure to remit a moRgage�nsurance premium to the SSCretaryr. .��� j<
<br /> - . , :�--:
<br />- _ ".•- ,� .,,,,.:,�_�
<br /> . • 10. R@iI18[8tB111efl1.BoROwer has a right to be refistatsd d Lender has required immedlate pagment rt�full because ot ��.
<br />�'` � ' ��• � Bocrawers faihire to pay an amount Que under the Note or this Securlry Instrumen4 Thfs right appNes even after torectasure --
<br /> �.,�iT.!
<br /> proceedmgs are instituted. 7o refnstate the Security Instrument,Borrower shall tender (n a tump sum atl amounts requUed to ' ' .::'���R
<br /> . �•��^. bru►g Bortowers account eurrent mclud�mg, to tne extent they ara obi'igattons of Bortower under this Secur�r tnstrument. , ' ,y�,:-
<br /> " '' torectosure costs and reasonabte and customary 8ttomey s lees and a�enses property assoClated with the tOreCiOSUre "�.�'
<br /> , . •�rs
<br /> procc�ad'mg.Upon re3nstatement by Bor►ower,tbis Security Instrument and the obHgations that ft secures shaU wmain tn ef(ect es , _____
<br /> �• il lender ha0 not requvetl trnmed�a.e payment in full However,tsnder is nat requUed to pe:mit reUistatemen!i(: (�Len�r Aas �-
<br /> � accepted reinstetement after tha commencement of torectosiue proceedtngs w(th� twa years tnmediateN Preceding the �a�r-
<br />;y�: � • • ,comrtsencement ot e current foreciosure proCeeding.(N reinstetement w�l preeh:le foreCtasure on Ctflerent grouRds§�the tutrne. . �
<br /> � �.. ` or(ili)teuistatement will 8dversery BtteCt tiie priarQy o}the Ilen Created by tAis Secutity tnstrumen� ,
<br />��"` � 11. Borrower Not Reteased; Forbe�rance By Lender Not a Waiver. Extension of ma time of payment or . ..
<br /> � ' moC�3cat(on of emoRimtlon of the sums secured by this Secu�Ay tnsbument�anted by Lender to any suCCessor in interest o! • _
<br /> � Borrower shall not operate to release the I'iabiliry of Ne original Bortower or Bonower's successor in hteres4 Lendet sha11 not be ,.
<br /> , requtred to Commence proceedtngs egah�st eny successor in interest or tefuse to extend Cune for peymerrt ot aMeruvise modity . -
<br /> amoRiretbn of the sums seCUred by this Security instrument by reason ol any demand made by tha orlgin8t Bonower or ,.
<br /> , � BC:rowers SucCessors in interest. Any forbear8nce by Lendzr in exeroising enY right or remedy shait not bs e waiver ot Or � � �
<br /> , prectude the exerCise ot any rignt ot remedy. .
<br /> " � � : :� 12. Successors and Assigns Bound; Jolnt and Several Ltabitity; Co-slgnera rne covenan�s and � . . .-
<br /> agreements ot this Security Instrument shall bin0 end beneFif the successors and essigns at Lender and 8orrower.subject to the
<br /> provisiona oi Peragraph 9(b).Bonower's covenants and agreemants shall be Joint end several. Any Borrower who co-signs this �
<br /> Sewriqr Instrumertt but does naf execute ihe Note: (a)Fs co-signing this Security Instrument onry to mortgage.�ant and convey ' .
<br /> � . that BortowePs �nterest in the PropeRy under t�e terms ot this Sacurily Instrument: @) is not personaly obUgated to pay the � •
<br /> - � sums secured by this Security Insuumenh and (c)agrees that Lender and eny other 8orrower may agraa to extend, modity,
<br /> . � forbeet or make a�y accommodati0ns with regard to the term of this SeCUrfty Instrument Or the NOt9 with0ut that Bortower'S '
<br /> ' consent. �
<br /> � 13. NOt1C@8. My notice to Borrowe�providBC for in this Seturity InSWment shafl be given by delNering 8 or by mailing it : r.
<br /> � ..� by (ust c�ass mail un►ess apA��cabte iaw requiros use ol another method.The notice shall be directed to th9 Property AdQresa or � : .
<br /> any other address 8orrower dasignates by notice to Lender. My nptice to Lender shall be given by Ihst ciass maU to Lenders
<br /> - . j atldress statetl herein or any address Lender designates by notiCe to Borcower. My notice provided tor m this 38CUr$y .
<br /> - • instrument shall be deemed to have been given to Bortower or Lender when gnren as provided in thl9 paragraph. •
<br /> - ; 14. Goverrttng Law; Severability. This Security Instrumont sha�1 Oe govemed by Federal law end the law ot the
<br /> , •� � �urisdiction in which the Property is loCated. In the event thet any provlsion or ctause of this Security Instrument or the Note .
<br /> � � � • .
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