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<br /> ' y h ShaU become en 8dd�ional debt ot Bomower and 08 secured by y•`�` .
<br /> , ' My amounts disbursed by Lender under this Peragrap -t_. , .- ,. :�.:' �
<br /> • �•� .' • tnis Securdy InsGUmeet These mmourtts st�al�beat nterest Nom the�fe of dtsbursemsnt e!the t�ote rate.and 8t the oyUon ot Y`'
<br /> � ` � Lendet.shell he immedi8te�y duA end OaYab� � , . t �. � ::
<br /> ��4: . ..�i
<br /> • • . Borraw�shali Prort�tY disct�erSa enY Gen wh(ch has pdoritY over this Secur7Y Instrument unless Borrower: fa)e9reeg � . .
<br /> . � " wrtfig to tAe PBY�ent of the abf�ation secured by t�e Ife� b a manner acceDtabla to tsnder>lb)eantesLS in 9nod taRt�t�►e�^r� F
<br /> , py, or detends a�inst enfercement of the �en tn� IeBa� Proeeadings wAtch in the Lendets opinton 9perate to prevent tfie� . `.
<br /> ' � entarcemert af the Uee: or(cl secwres from lh0 Aoider of ths 1'ren en agreament saNstactory to LsnQer subordfiattng ths Gen to �.
<br /> ` over Mis� °'�
<br /> • � is subject to e fien wl�icA rtteY attab�P�jo�Y � .�: r�`.�. ,:.°. • _,
<br /> • � r. - . this Sec�u+ZY Ms�ume�L If L@nd8r detertntrteS th8t eny p&tt 0!ifie PtOpeA�1 �..1 , • . .
<br /> •r• ' c�ecurt'ty Instument, Len6er may 9►ve Bortower e notfce IdsnbTying Ne Ilen.Borrower SfiaU satisry the Iien or teke one or more of I�^ r_`_ .
<br /> � ` -'�"`�` the BcUo�S set forth eD�ve w�htn 10 days Of the gir6ig of notice. � � � _.
<br /> ,.� .=`--`-�` 8. F@68.Lendec may Collect tees and Chargss authorized by the SecretarY• � .," `
<br /> ::1'v.�_ - A _-___ __ _ _
<br /> .. . , 9. Grounds tor Atceierattan of Deb� �, me case ot P&yment de�aufts, ����t��' �. .
<br /> � (8�D@T8VIL Lertdet m8y. exceDt as Canded bY �e9ufaUons issued bY the SecretarY , . _
<br /> _ require�nmediate DaYment m tu0 of eU sums secured by this SecurdY InsUUment N: ,
<br /> � (i�Bomower detaufts bY�9 to D�Y�fuU any monthry Pell�nt re4uhed bY thts SecurBY Instrument P�or to or on
<br /> � � the due date ot the ne�d montt�y PaY����r - �
<br /> . . (�8orrawer defauRs IsY�8,Por e perEad of thhts►�aYs.to Pertartn any offier ab�gations contatned In this SecurdY � `•: _� _.
<br /> , . �<�:
<br /> , , tnstrutnent •
<br /> . ' (b) Sale Wlthou3 GYedit Approvai.�enaar snau.�ve�mea br evp���W C�cu,ams sectron aa���o�u�e ''�:: �ti T�: _:
<br /> ` ` � InstRtttions Act of 1882,72 U.S.C. 1701}3(d�)and wah the pdor approvel Of the SecretarY� ,
<br /> f � GartNSt Germain Deposirory .!� .. ,,..�:,.
<br /> � re4utre immediate PaYment c�fufl of sU the sums secured bY Mis Secur�Y Instrument iF: r•..: —
<br /> . . :: ��_ •',,. . , —
<br /> . .,. � () AD or part ot the Property. ar a beneficial interest o► e Wst avming a� or part ot the PropeAY� ts soid or .
<br /> � t �. `r.�`, otAerwrise Vansierred(other than by devLse or descent),8t►d ::,°-
<br /> (i�'(he PropertSt is no!occuD�d by the purchaser or grantae as his or her Princtpal restdence or the Pu��r or .:' ::�
<br /> .,: � �`.�-? --
<br /> . ., grantee daes SO accuPY the PropeitY. bu t h i s o t h e r credit has not Ceen eAP�d � ��� w8t► the �
<br /> _. -_ .
<br /> . ' requitBmBntS Ot the SeerBtarY- ��.°.r;� '=
<br /> • . '.'�` (C) NO W81V@t. If ctrcumstances oecur that woutd pertn@ Lender to re4�Ue immedtate paYment in fut4 but Lsnder ;,.=;y� _
<br /> \; :�.;, does not requtre such payments.1.enCe*Eoes no!waive Bs righta wfth resDeal to subsequent events. w� �ft .
<br /> .� . (d) Regutations o! HUD Secretery. �n many ctrcumseances �e���g �+u� by the 3eCt8ffiry �;�;•'•��.�+%�=?�.
<br /> immediate PaYment tn fuU and to�ectose ff no! P�d.Tt�(s '::�z.,;�-.�»�_
<br /> ._. . __ Lender's rights. tn the case of payment de�uKs.W re�utre latlons of the SecretarY• .
<br /> gecur�y Instrument does not autt�or�e acxefsration or foreaiosure A not pertnRted bY�e9� � :'`'.:��
<br /> . (e) MortgagQ Not insured.Borrowet agrees that B tttis Securnf► U►sttument and the Note are not detertnined to � •
<br /> Ot dSNB 901 from ttie date hereof. LenQer , -. '��
<br /> .. be eligbte for insuranoe u�Qer the Natinnal Housing Act wfthin� t 'n :`-!_:,.,;., *:-
<br /> ', may,at its option requce�nmediate payment� tuU of aU sums secured by this Secu►nY suumen� A vurMen statement
<br /> ' `,.� l";:;.'•••'f�'
<br /> from the dete hereot. dECiUiin9 ...;���.
<br /> �',���� ' of any auqhorized agent of the Secretary dated subsequent to# Of daVB[�) '.;�`:�;. -..,j��
<br /> to i�sure this Securityr InswmenY end the[VOte. shall be deemed conclusive proot of such tneGgib➢'dI►• Notwdhstandin8 �i_��,,%
<br /> � the foreSomg.th�opUon mey not be exerCised by d..ender wden Me unavailab8it�►oi insurance is soTeN due to Lender6 .r;•.*.' s,,�j�
<br /> fa7ure to remit a mortgage insurance premium to tha SeaetarY. .:•_.'. ' .:�?�•__
<br /> ,.` t�,,..� �.
<br /> . , , _. �._:-s�--
<br /> � � " 10. R@111Si8tBt11811t.Borrower Aes 8 rtgtit to bB reinsffited if Le�der has�equ�red�medi9te paytne�t tn fuA beCBUSe Ot .;.,. ;'��
<br /> . . . `"°1`',`,-. . _
<br /> ' Borrowers faiture to pay an amount due undar tho Note or tt+is 3ecufdy InsbumenG Th1s BBht aDD� �+'� �� t°reclosure }
<br /> �"
<br /> ;.�r.
<br /> proceedings are instituted. To reinstate the Secu6lyr InsUUment, Borrower shaD tender tn a tump sum aU emounts requtred to �r;'F�-_,
<br /> � bring Bortowets aceount current inctudh�g, to the e�tent they ere obltgatians ot Horrower under this Securiry trtsGument, -
<br /> - ,=r�;
<br /> � � ''` toreciosure costs and reasanabt9 a�d customery attomey's fees and �Aenses propeRy essociatad with the farecfosure '"�;-_
<br /> proceedinQ.Upon reinst9tement by Botrowet.thg Securityr Inst►ument SnA the oblf�gations t�at It secures sh9U remein tn BHeCt as • -...��_.
<br /> at
<br /> . �=�'�y.
<br /> ' � • it Lender had rto!requUed immediste paymen! in fu�. Nowever,Lender Is not requirzs to Pe��reinstatement ih li�L.e�de� hes �`
<br /> " �.'�; accepted reinstatement after the commencement of forectosure proeeedin99 wRha� two years Immediatety precedm8 the �_,
<br /> � ' '"� commencement of a curtent torectosure proceedNg,(ii) reinstatemeni will Dreetude foreclosure on dttferent g�ounds in the future,
<br /> ' or(i�)reinstatement wil!adversery aNect the priority o1 t�e�ien created by thls SeCUritY InsWment. ���.::;�.�'
<br /> ,. ,. " :
<br /> 91. eorrower No4 Retease�;Forbearance By I.ender Not a Waiver.F.xtenslon ot the tlme of payment or :. .
<br /> modiffcation ot amortiTaUon of the sums secure0 by this Security Instrument grante0 by Lender to eny successcr�n btecegt ot _ �• �.
<br /> 8orrowar shan not operate to retease the liabi�Ry of the orginat Bortower ar Borrowera successor tn lnterest.�-ende*shaD not be .
<br /> ' ' requUed to commence praceedings against anY successor in �►terest or retu5e to e�dend time for paymerit or otherwise mod'Qy ,. ,
<br /> � � ; .. amortimUon of tha sums secured by this Security tnswment by reason of �Y �1 ortlemedy shail not be a waNetYOt or , '
<br /> • � � Bonowers successors in tnterest• AnY }or0earence bY Lender In exerolsin9 a�y � . .,
<br /> � � preclude the exercise oi any right or remedy. � � .. ... ,
<br /> ` � 12. Successora and Asslgns Bound; Joint and Several Liabitiiy; Co-signe[a 7he covenents and ..
<br /> . agreement8 ot this Security Instrument shall binA and benafit the successars end assigns o1 Lender and Borrower.subject to the �
<br /> � � . provlsions of Paragrzph 9(b). Bortower'9 covenants end agreemen�t�S�u�t'^g�mentronty to mortgage,grent andon ey . • , , �
<br /> � Securiry Inswment eut does not execute the Note:(e) is caslgn g
<br /> that Borrowers inter851 �n the PropeRy under ihe terms Ot thi9 SeCUriry Instrumenk (b) is not personally ab(igeted t0 pSy the
<br /> ,, sums seCUred by �h�C om od8tonsmwith aegetd,to the termtof thisrSecurily (nstrument or the Note wRhout that Botro e 5 ' '
<br /> - � t o r b e a r o t m a k e a n y a ' .
<br /> consent.
<br /> - . � l 13. NOtiCeB.�Y not�e to 8ortower providad tor rt�this Secufity InsUument shall be gtven by Qelivertng it or by mailm9 n
<br /> by first c4us rt�U unless appt�cabfe law requires use o1 enother method.The not�e Shall be dtrected to the PropertY ACd�ess or
<br /> � any othar addrese Bortower designates by not�e to Lender.My notice to Lender sh811 be given by tirst citus mail to Lendefs
<br /> � address steted hereln ot any address Lender designetes by not�e to 8ortower. Any nolice provided tor in thls Security :
<br /> . i Instrument Shail be deemed to have been given to 8orrower or Lender when g�ven as pro�ided in this paragraph. .
<br /> � 14. Governing Law; Severabflity. This SeCUrity InsWm6nt sh811 ba govem0d by Federel 18w and the �w ot ihe
<br /> � �urisdiction in wh�ch the VropeRy �S located. �n the event that any provisio� or ctause of this Security �nstrument or the Note , .
<br /> i �
<br /> � " � � � . Dape 3 of 5 � . � ' . .
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<br /> - • �} - a r-�s''.�yi 14 y
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