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<br /> � • M emouMS dis�ursed b Lender unde► t�� ParagrBph shall beeome en add3lonet OE�t o! Botrowor end be seeured by � � .. . •,.�;�t:
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<br /> � � • � - th� Secutiry InSWmenL Tl�eSe 8mounts 5h8U 6ear int8rest trom the date Of di5bur5eme�K at the Note rate,and at the optlon ot
<br /> � Lender.s�811 Ae fmrttodistelY due end DByabi9. "
<br /> �" � � Bortorrer shaD promptty diseh8rge any Gen whicA hes priardy over tt�ls Secutdyr Instrum6nt untess Barrower: (ay agrSes fn . ` °
<br /> ` • � wrstu�g to the payment ot tha ob+r'gatton secured Ey tha Itan in a m8nner asCeptebl�to L.�+der:(b)contasts in good falM the f,en ' ,; � ' ;
<br /> _ ., �. d Dy, ot detends agafist enforcement of tne lien tn, Iega1 proceedings wA�h in tdo I.ende�s optnton operate to prevent tl�e ,
<br /> � `'• • , � eniorCement af Me liem,6r(e)secures trom the hotder of t�9 Usn�n BgtBement satistaCtory to LenQer SuDardineiing the Uen to , .
<br /> ' � this Secut3y lnSWmen4 If Lender detertnfnes tnat any paft Of the Pt+Op�ty L�SubjeCt to e Gen which may attaitf p�i0rity over this . . �.
<br /> � •.�. • � $gpiuity InStrument,Lender may give 80rtower a notlCe id8ntitying thg 89n.Borrawer sh8�t Satisty the Gren or teke one or mere of
<br /> _ : °'_�-: � t�e 8ttion5 set toRh above wRhin 10 days of the givin8 01 noUce• _ - . � =.�=:`
<br /> - '-:�`�"==_i� $.F@1Z8.Lender may cot�ct tees an0 CAarges 8uthori�d by the Sscreteiy. . .�--
<br /> � ` � � 9.Grounds tor Accelerstton o!QebL " �
<br /> ' • �� i (e) DeiBUI�lender may, exeept es Gmrted by regutallone lssued by the Seeretary in the case of p8ymant defaufta, • . `•
<br /> '� • ' .�� i require tmmediat9 payment In NO of e11 sums secured by th(s Securidy trtsWment H: , ' ..
<br /> _.: 1 (i)Bortower defaufts by tailtng to pay In fu0 any montnty payment requ�ed by t�is Sacunty(nstrument pftor to or an � ; .�
<br /> : , _,: ; the due date ot the r�md rnonthy paymenL or �,
<br /> _ -, ., � (i�Borrower defaugs Dy taIDnQ,for a peciod ot thtrty days.to peRonn eny other obltgatlons conmine0 tn thts Secur�y►
<br /> , . ' , , tnsuumani ` �
<br />- � � . (b) Sale Wlthout Credt4 Approval. Lender shall.U permRted bY BPD���w (inc(uding secUon 341(d)of the . �' '
<br /> � � , tiam-St Gertnafn QeposROry InsUTutlons Act o} 1982, 12 U.S.C. 1701j 3(dI)end wfth the prtor approval af the Secretary. -� °;_�-_-:
<br /> �°G require tmmed'�ate payment in fu0 af a(I the sums secured by th[s Secur�yr insVument if: ' ���� � --
<br /> jr� . . , : `n (� /W or part of the PropeRy. or a benefic�al tnte�est in a trust ovming an or part of tha Propeny. is sotd or : --_
<br /> `_; � ' otherwise transterted(other than 6y devise or descent),and =
<br /> �. .._� .
<br /> _ � ' ' n�.'^ (o)The Property is not accupled 6y the purchaser or grentee as his or her principal resldence,or the purchaser or , �_
<br /> _ granies does so oca,py the PropenY. but his or her credft ras not been aPproveO in accorQance wid� the + ,__
<br /> . . ::• �' requtrements of the Secretary. , • � ,i��^-`••_
<br /> - ` (C) NO WBIVeP. If clr�umstances occur that wauld p�md Lender to requ�s Urmiediate payment In fuU, but L�fder ' ��';�,
<br /> ;. : ,,.
<br /> does nat requb�e such payments,lender does not we[ve�s�lghts with respect to subsequent events. ' ;'� �;'�
<br /> - - � "' (d) Regulatto�is ot HUD S�retBry. tn meny circumstances teguraUons tssued by the Secreta�Y tvm mn� '.. � :'
<br /> : �� Lende�s rlghts, in the case ot payment defautts, to requtre trtam9di3te Pa7Rnent in tu11 and tarectose if not pald This .,. ,A, �;..
<br /> ��! � � . ' , ? Securfty tnsuument does not eutfi0rize accateratton ot forectosura H not permitted by regutations of the Secretary. ` t,_ ,`.`�
<br /> � .. .t (e} Mortgage Not Insured.Bortnwar agrees that N lAis Secutity Instrument and the Note are not determined to �:�
<br /> be eBg�bte tor Insurance under the National Housmg Act wrtfitn# O}daVB (901-nom tlte dat9 heteol. �.enaer " .-'�'�"�
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<br /> << • , � may.at its option requtre(mmetliate payment in tull of aIl sums Secured by thls 3ecurity tnstrumenL A w6tten statement . . },;_._
<br /> . . .'' of any author�zed agent ot the Secretary dated subsequent to# Ot day8(90) irom tha Qate heraof, decfm§�g '`"�"��
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<br />` �� � - to insure this Security Instrument and the Note, shatl be d9emed conctusive proof ot such ineligbiliiy. Notw�tAstandfig � �....�a,',��'�,
<br /> ' ` the toregoing,this aption may not be exerclsed by lsrtder v�hen the unavei�b��lyr ot Insurance ts sofery Cue to Lendefs � ' `��
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<br /> _,.:,.:_ � faiture to remR a mortgage insurance premium to the Secretary. �'�°°'�
<br /> � 10. R@II18f8t@R18t11.Bortower has e rlght to be refnstated i�Len08r hes requtred Immedtate p8yrttent U fu0 b8C8use ot , ! �,.;i'�
<br /> ' � 8orrowers faiNre to pay an emount due under the Note or thfs Secufity lnstrument Tt►is r�ht app4es even aftet fotecfosure •r�..�,�_
<br /> . .' proc�dings are instiNted. To refnstate the Secarity Insbument, Borrower sha0 tenQer In a Nmp sum aIl 8mounts requEred to :.:_.�,
<br /> � � ' bring Bortowers account cur►ent tncludin8. to the extent they are obllgatior�s ot 8orrower under th�s Securfty tnsYrumen� .
<br /> - � • • (oreclosure costs end reasonabte and customary attomey�s fees and expenses property assoctated wRh t�e (orecfosura _ ;__��.��
<br /> �;•��`. ' � � proceeding. Upon reinstatement by Bonower,thls Security lnstrument and the obtlgatlons that R secures sn80 remafn m�ffect as �
<br /> ,:•: . ' . H LenCer had not requtred Unmedlate payment In full. Howevet,lender Is not re�ired to permit relnstatement ih. (i)lender has .
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<br /> . aceepted reinstatement after the commencement of torectosure proceedings within two years �mmed'atery preceding the - __-
<br /> � ` commencement o}a curcent forectosure proceeCing, (ii)relnstatement wtll preclude torectosure on diflereni�ounds In the fuNre. ' „ ,- -
<br /> � or(iti)relnstAtement wll adversery attect t�e priotity ot the Ilen Creeted by thls SeCUrity Instrument. �•
<br /> - � �' r 11. Borrower Not Released; Forbesrance By Lender Not e Watver.Extenston o!tAe t(me of paym8nt or '��:�� �
<br /> • � � modifkation of amoRiration o1 the sums secuted by this Security Instrumen! granted by LenQe►to any Successor (n Interest of � �''r�`f ;�"
<br /> ` � Boaower shatl not operata to retease the IfabU3y of the orlglnal 8oaower or Borrowers successor in Enterest.Lender shall not be : , •
<br /> ,, , � ��•; reQuired to commence proeeedings against any successor In tnterest or refuse to exeend tUne for payment or otherw�so modity ' ,
<br /> � amortiraUon ot the sums secured by thls Securiry Instrurrant by resson ot any demand made Dy the odglnal Bo�rovrer or „;
<br /> � . Borrowefs successors tn Interest. My (orbearance by Lender in exercising any right or remedy shall not be a wa.ar of or • •
<br /> . proctude the exercise of any rlght or remedy. . • '
<br /> � ' ; 12. Successors and Assigna Bound; Jolnt and Several Ltability; Co-signers. The covenants end •
<br /> � agreements ot this Security Instrument shall bind and benetR the successars and assigns of Lender and Borrower,subjeCt to ihe • �''
<br /> � provisions of Para�aph 3(b). 8orrower5 Covenflnts flnd egreements Shell be joht en0 sev=ral. My Bonower wh0 CO�Signs this . � � , ••
<br />- Security InsWment but Qoes not exeCUte the Note: (e)ls casigning thls SeCUtity InsUumsnt onfy to moRgage,g►ant end canvey . � "
<br /> �. that Borrower's interest In the Property under the tertns of this Securiry Instrumerit: (b) is noi personalty obligated to pay ihe •
<br /> � sums secured by this Security Instrument: and (c) agrees that Lender end any other 8orrower may agree to extend. mod'Ry. � •
<br /> , . forbear or meke any accommodatlons with regerd to the tertn of this SeCUrity Instrument or the Not9 without that BOrtowerg
<br /> '. • � consenG � ,
<br /> � - 13. (dOUC@8.My not�e to Borrower provided for�thls Security Instntmant shall be gbren by deUvering it or by mailing it
<br /> ` by tirst Class mail unless aAA�icable taw requUes use o1 another method.The notiee shell be dUetted to the Property Address or .
<br /> � � i ,
<br /> � any other address Bonower deslgnates by notice to Lender. Any notice to Lender shall be given by lirst ctass mail to Lender's
<br /> � i address stated herein or any address Lender desgnates by notice to Borrower. Any rtotice provided for in this Security •
<br />;�` ; � ' ; Instrum0nt shell be deemed to have been gNen to 8onower or Lende�when gnren es provided��this paragraph. k •�
<br /> � . i 14. GoverNng Law; Severability. ThiS SecurRy Instrument Shalt be governed Dy Federat law antl t�9 law ot the f� .
<br /> i �
<br /> �unsdiCtion m whiCh lhg Property is �otated. In t�e event th8t 8ny p�ovisi0n o�ClauSe of this SeCUrity Insttument or the NOtA �
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