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<br /> c.�t � ` .4'i - qn amour►ts dFSbwSSd by Lender uader thts PBragrBpA shall become en addittona�debt ot Batrower end be seauced by - ,, `�`�,� .
<br /> << . . r`;.. . y .. '
<br /> ' � this Securtty tnsuument 7hese en►ounts shaU bear inte�est trom U►e d a t e o f d i s b u rs e m e n t a t D i e N o t e r a t e.a n d at the o p t ion af
<br /> �.�-�..•. �,
<br /> • ` Lender.shaU be bnmedlatBly�e and paY��. Instrument unless Borrower: (e�agrees in �
<br />� ' Borrower sAaO Orort�tN discharge a.�Y ran which has V�o�Y �thls Secur�Y �``.
<br /> v�rtdtng to the PBY�"t of the obrigatlon secuwd bY tne Oen in a menner acceP�ta to Lender, (b)Contests in good ta�A the Il�n
<br /> by. or detands against entareemerN o} the U e n i n. l e 9 a f D r e e e e d i n g s w N C h t n t h e L e n d e r s o D�an a perate to P��the . .����y-•`
<br /> entorcement of ths�iem, ar(C)secures from the Aoider ot the Uen an agceeme�t satisfactory to tsnder subordinating the Ueo to �
<br /> , � ' ttNS Secur@Y InsUUment If Lendar detertnines that any pari o!the Property�S subject to a Gen whfcA rnay attain priorBY over triis ' •
<br /> Sscur3y insttumen� Le�dar may 9�++e 8orrower a notlee tdent+tying the I�n.Borro�ver shaU sattst�l Me U,9n or teke one or more o1 ` '. ' �Y ��
<br /> ` ' - the acUons sei toRh above wrtntn 10 days of the gi+ring of nottce. - -�� �- - �
<br /> • , �,
<br /> _�.� ..._._.• - _: -- -
<br /> , � . S. F@@S.4ender maY cotfeet fees and charBeS euthotized by tne 9�tI1• —�— , -
<br /> ` 9. Grounds for Acceieret[on o9 DebL ` �
<br /> • ' � . � (a) Defeul�Lender m�`,��eDt au sums bsecured ey t�ttts SecuritY t �nscument� tn me case ot pas�ent defauRs, , . , .,
<br /> � requQe 6nmedi8te paYm ' , `
<br /> .k :'.. £,. (�Borrovrer detauRs by 1a�ng to pay tn fuD eny monthty Pal�nent requBeO by th{s SecuritY tnstrumeet pdor to or on : .
<br /> �.,�`r� '..t�- ..
<br /> Me due Qate ot the n�d monthly paymenL o� • •
<br /> '�, (ii)8orrower detauRs by fa�'mg,tor e pertod oi thtrty daYs.to pert°rm a^y other oD�gatT°�s contained tn thls Sec�rrtY •
<br /> . +�.. ,.
<br /> lnSUumea� .. �
<br /> ' � _ (b) Sate Wlt�sout Credit �p�rovai. LenQer Sh84 �PBrm�Tted bY aPPlicable Naw (inCluding seCtiOn 341(d) of the `. �.,.;.';
<br /> < <_
<br /> - ' GamSt G�rrna� Oepository instdutions Act at 7982. 12 U.S.C. 1701j-3(dI)end with the prior approval ot the Secretary, < < �
<br /> .� require unmediate PaY�t��U of all tne sums secured by tnis Securily insttument T: � . . .,�
<br /> � � (►) AI1 or paR of the Properht, or a benefictal interest in a uust owning e0 or part of the ProPeRY• � soid or . , _
<br /> . ''°`� otherwise transterred(other Man by devise or descent).ersd =�.-
<br /> • « _ [i)The Property is not accupied by the pur�haser or grantee as hEs or her principal restdenoe.u�Ne purahaset or •-„��;-
<br /> � — - grentee does so occupY the ProPeRY. but his or her ered�t has aot bean apPm�d �► ���� w� �e _ .. =
<br /> � , • • ' ,�`` reQuirements of the SeCretary. f
<br /> . ..� (c) No Waiver. If circumstences accur that woutd perm� Lender to requtre immed+ate payment fi W0. but Lertder : : �,..-
<br /> b •�••,.�:� doas not requfre sucA payments.Lender daes not watve fts rights w8h respsct to subsequent events• W� r�� �; -
<br /> ---, � � �•=� (d) Regula4tons ot HUD Secretary. �� manr circ�msta"ces cesuiauans �ssuea by tha secremry �( G
<br /> �..�4��...��i S c.
<br /> . % Lenders rights. in Me case ot paymen! defauRs. to require inuneQiate payment in tull and foreclose it not paid.This ,��
<br /> %��, ' � � Seeurity Instrument does not authorize acceteretion or foreclosure if not permitted by teSutaUans of the Sacretary. .�jt
<br /> ��� �, � � (e) t�+1ortgage Not �nsured. Bortower agcees ttiat N this SecuritY �nsWment and the Note ara not detertnined to . '+ �_,�`
<br /> ,`�%::::�`, r � be eltgbte tor insurance uader the National Housmg Act withfn�
<br /> Of da�s(901 irom ttie date hereot, lenQer .
<br /> . ., maY.at Rs option wquhe immediate payment m fu0 01 al!sums seeuced by chis Secur�ll instrument A written statement •'. �..: •��;,�„
<br /> � � hom the date hereof. Qec4nNg . -�
<br /> ' ot any 8uthorized Sgent of the Sec:�:�Y dated Subsequent to�94 dSVS(9�)
<br /> � ` " '� to insure this SecnritY �^suum�x e"d U►e Note. shaU be deemed conclusive proof of such ine0g�if3y Hotw�hstanding .��_
<br /> .,-��fi.',, _.,��
<br />•- ' - . the tarego(ng,thls optton m&y not be exer�fsed 6y Lender when the unavai{abilhY o� inscr�.�ce is sotery 0ue to Lendets �L
<br /> - -- - -- _. - faIIure W remd a moRga9e a�suranCe premtum to the Secrete►l►• . '`_-
<br /> ' 10. WE1tI8L8i21116I19�8orrower hes a right to be relnstated H lender hes reQuired (mmediate P��afte'r t reCtosuoe ' �� r`
<br /> � Bortowe rs t a i�r e t o p a y an emount due under the Note or th�s Securny InslrumenG ThLs right app , .. _'-
<br /> I_�_i�.
<br /> � ,��.-_
<br /> � proceedings ere lnstituted• To refistete the Security Instrument, Borrewer shall tender in a lump sum ail 8mounts �equ�e d t o .'
<br /> , . • � brfig BoROwer's acCOUnt current inciuding, to the extent they are obiigations of 8orrower under this SeCUtity InsUNment. . _
<br /> foreclosure costs and reasonabte and customary atWmey's tees and expenses D�operry assoclated with the forecfosure �_
<br /> �. � _ _ p r o c e e C i n g. U pon relnstacement by Bortovrer,this Security tnstrument and the obAgattons that it secur�s sha0 remain in eHect es -
<br /> �''" � r� � tt LenQer had not wqulre0 tmmedlate payment in fiilL Hcwever,Lender!s not reQuVed to pertnit re i n s t a te m e n t U: (p�e n d e r A a 5 _
<br /> y.,_ .
<br /> • ,:,Jf;.`; accepted re�statement after the co�mencement ot foreciosure proceedings wRhin two years immedTatety pBCeding tra
<br /> ' •' � commencement o18 cunent torectosure praceeding,(i�reinstatement will preCNde torecrosure on d'rfterent grounds In the hrtu�e• . . : :
<br /> ' ' � or(Ui)rea�statement will adverseiy sNect the prlority ot Ne ilen created by this SecurnY Instrument. : � ;
<br /> �,. , '� . t1. �orrower Not Reteased; Forbearance By Lender Not e Waiver. Extension o!the time of peyment Ot . . _ -;
<br /> � mod'�ttcetion of amoRiratlon of the Sums secured by this Security Insuument granteA by I.�nder to any suecessor In tntera5t of
<br /> Borrower shaU not operate to reiease t�e Iiability of the ortginal Sar�ower or Borrowers successor In interes�Lender ahall not be �:
<br /> � required to commence proceedings agaU►st any successor in interest or retuse to extend time for DaYment or otherwLSe mod'dy , .
<br /> ' � . � � amortlraUon ol the sums seaured by thls SeCUrRy InstrumeM by reason of anY 4 1m0°demedy ShB�h�ot be e weh/eW01 0► 5
<br /> . .•:,,I� • � • - Bortowers suCCessofs in interest. �y torbearanCe bY �-ender N Bxe�Cisfig any �9h
<br /> ' prectude the exerCBe o!any right or remedy. • . . �
<br /> ~��.� � ` � 12. Successors and Asslgns Bound; Joint and Several Liabltity; Co-signera The covenancs and
<br />-� •i��. agreements of this Seeurity InsVument shaU bind and benefd the successors and assigns of Lender an0 BoROwer,aubJeCt to the ., �
<br /> � provisions of Paragraph 8(b). Bortowers covenants and agreements sha►1 be Jolnt and severai.My BoROwer who co-slgns this
<br /> Securiry InsVUment but daes noi execute the Note:(e)!s eo-s(gnin8 this Secutity Instrument ony to mortguge,granl and Convey
<br /> � ' that Borrowers Interest m the Property under the terms ot this Securriy InsUumenl; (b) is not personatty obitgated to pay the .
<br /> ' � sums secured by this Security Instrument; and (c) agrees that Lender and any other Bortowor may agree to extertd,modity.
<br /> � torbear or make eny accommodations with regard to the term of this Security InsWment or the Noto without that Borcowers
<br /> � � consent.�
<br /> , � � � ' 13. �OUC@8. Any notice to Bortower provided tor in this Security Instrument shall be g�en by delivermg it or by maiiing il
<br /> by first ctass ma�l unless applicab�e law requUes use o1 anOther method.Tne notice shall be direCted to the PropeRy AdQress or
<br /> •',`� ' • Any other address Borrower designates by notice to Lender. Any notiCe to Lender shaii be given by f'ust ctass maii to Lenders .. •
<br /> " address stated herein ar eny eddress Lender designates by notiCe ta 8onower. Any notice provided fOr in this SeCUrity
<br /> Insuument shall be deemed to have been gNen to 8ortower or Lender when glvan es provided in this paragreAh• �
<br /> , _ � � 14. Governing La p; Severability. This SecurAy Instr�ment shaU be govflmed by Federal ^��i o�he Note
<br />� . � jurisdiction in which the Pro eRy �s ��ated. �n the event tAat en p ovlsion or ctause of this Security ,
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