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<br /> • • < ' Any amounts disbursed bY ������ Paragrepb shaD bscoma an add�ional debt ot Bortower aad he secured Dy %`�`.:�'
<br /> .. tt,is Secur�y InsuumenG Thess emouMS snan 4ear interest trom the�ate ot dLsDursement at the Note rate.end at tna oytton of �.`'f . ` -
<br /> .. - Lender.sha11 be imrt�edtatety due end pByeDie. �'�'r '
<br /> . : , .;,, 8orrower SAaU promPUY+�ucheBe anY tEen wfi(ch has prtordY auer ihis Seeur�r InsWment untsss BOrtower:(a)a9rees (n ' -
<br /> ' r • wr31n8 to the payment of the obTigadon 58cured bY�@��a���p��to Lender.@)contaSta fn goad taHh the Uee ` �
<br /> bY. or defends agatrist eniarcement af ths iten in. tega� Prace�9g ��fi in the Landers aD�Ton operata to P�nt the � o� •. [f
<br /> I - entoreement of the 6an:or(c) secures irom the Ro►der o!the Gen en agreament sattsfaetory to Lsnder subard�nc�lbig tha Om�to � ,o
<br />```:' � ', � Mis Secur3Y tnstrumen�It Lender determfnes tt�at eny part ot the Prope4Y is subjee!to e Ilen wht�h may ettatn pAor@y over thb . .
<br /> . ` �_ . _ Securin�tY tnstruman�I.sndar may gNe Bortower a notke tdentiryfng the Iten.Bortovrer sha!!saUsN the Uen or take one ar mo�ot � ' °�"`''`�.
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<br /> .� `y ;�_..--t- the aettons set torth above wdAin 10 etays of the 9h�g o!notk0. � � .
<br /> � .�-^�-;�'�, $. �6@8,Lender may cot�ct fees and chargos autharimd by ths Secremry. �q � �
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<br /> Y °,.. ,��. : �_ J. �irounds for Aceeleratton ot DebL � _ _.
<br /> �. , � "�'f (8� D@�{�.Lendet may. ex�ePt as GrnfteO by regulations issued by tKe Se.cretarY tn the cese af paymet�t de►augs. •
<br /> ',,•. . ' ��Bo�w�detauRs by fa�in9 to D y �fuA 8nY monihry paymentt�n�sautrumentby�is SaeurBy Instrument PAOr to ot on � ..
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<br /> ��` - �-L ��.� the due date at the nmR monthry Dayment.or , � ,:...r.:.'"`.
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<br /> y t.,�. '.. , . (6y Bor►o;nrer defaugs by t�Pui9,for a pefod ot th�ty days.to perform any other obUgattons contafied U thts Sec�u�y ` -
<br /> . lnstrument •� `_
<br /> `�-: -, �. , (b) S8I0 VIRUtOUt CJ@dit App�0V81.Lender sha0.g permR[ed Dy ePPQcaets law(tncfudtn9 section 341(�af the � ,�t.`Y��.
<br /> r` - tiartrSt Gnrmain Oeposftary tnstRuNons Act ot t982.12 US.C. 1701j�3(�)and wRh the pdor approval ot the Seccetary. " "•._
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<br />�;;s:, requtre fmmediate payment in tu0 of&0 the sums seaued by this Secur3y tnstrument H:
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<br /> �. . �;`,; (q Atl or part ot the P�operty. or a benefictal Intsr�st , a trus owning �a c� part o� the?ropertY. is sotd ar --
<br /> ��.� ' . ..., 4.' otAe�nrtse dansferted(other then Dy devise or descent?,and v
<br /> 4;.: � (t�Ttie Properly is not oecuPied by the Durchaser ar gtantee es his or her Prtncipal restQence.or t�e purchaser or =
<br /> �j grentee does so occupy the Propmty. but h(s ar her credrT has not been epprovad in axordance wBh the �-_-
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<br /> -- - .-. - ,�:=f: .' requlrements ot the SecreterY• rn in tulb but Lender . � _
<br /> - .� � (c) t�o Waiver.If•cQCUmstences occur that would perm�Lender to requtre lmmediate payme `��,�_
<br /> ' ' does not requ'sa sucfi peyments.Lender does not waive Bs ri8hq wnh respect to subsequent evants• �...���:•:, � `
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<br /> , . . . (d) Regulattons ot HUD Sec�etary. In manY circumstarices regutaUons tssued bY,t�e SecratarY wm irm►e ` . •:,-.� .__,:
<br /> - � z Lenders dght9. in tha cese ot payment defaufts.to requtre tmmediate payment (n fuU ena for�Ctos9 U rtot p8id.Tliis It��: �_
<br /> . . Ay^ 3ecurity Insaument Aoes not aut�orize acceterauan or forecfosure H not permRied by regu(attons of the Se�xeffiry. `�' - �
<br /> "`' '„� (e) Mortgage Not Insured. Bortower agreas that e this Securdy tnstrument and the Note are not Qetermined to � ' �• � -
<br /> �,_' . .: be oligmte for fisurance under tAe Nallonai Houstng Act w�htr►#oi dSNB(901 irom tha date hereof. Lender y!_
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<br /> may,at�s opUon requtre immediate payment in fuD of a9 sums secured by this Securfty Instrument A wr�fen stetement __
<br /> • ' ' of any suthorized agent ot!he Secretery Qated subsequent to�`Ot d8V8(9�1 irom the data hereof, deeM�g _—
<br /> to insure this SeC��riry InsUument and the Note, s�all be deemad conctusive proof af such tneitgibfl�y.Notwfthstandin9 _
<br /> ', the foregoing,thLs optlon may not b�exerctsed by lender when the unava0abffity of insurance is sotety due to LenEsfs �•_.��_
<br /> �. . �,.� taiture to remR a moRgage insurence premium to the Secretary. �,... .. �.••,,_
<br />`r''°::-: - -�-- 1Q. R61n8tet6fAE0L Bortower has a right to be winstated N LenCer has requtrea lmmedfate payment (n tull because af ' -
<br /> ' � � � Boaower's ta�ure to pay an amount due under the Note or this SecurRyt Msuumenl.Thts rigAt appll8s even efter forectosure ,,,_,
<br /> • � ' � proceedings ere h►st�uted.To reinstate the Secufity tnstrument,Bomower sha0 tender tn a Iump sum a0 amounts cequUeQ to :. ;��.�:
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<br /> �;�;� . _ � '.�� brfrtg Barrowers account curtent (ncludfng. to the extent they are obiigaUons of Borrower under this SecurHyl tnsbumenL •.,f �
<br /> ' forectosure costs and reasonabi� end customary attomeyls fees end e�enses propert�r assoemted wfM tfie foreclosure ; �
<br /> ', praceeding. Upon reinst8tement by Bortower.this Securily Instrument and the obIIgations that ft Secures ShBU remain tn effeCt es q. _
<br /> +, �,�• � it Lender had not requireA immediate payment in tuil. However. Lender is not requbed to permk refistatBCnent N: (�Lendet has
<br /> �'�:° •� � accepted remstatement after the commencement of toreclosure praceedtngs wilhin two yeais immedfatelY preceding the __
<br /> � � comrrtencement of a cuRent foreciosure proeeadtng,p�reinstetement wID preclude forectosuce on diHerent grounds in the tuture. - __
<br /> � � or(t��einstatement will aduetsely affect tAe priority�ot the Qen cre�ted�y this SecurRy instrumant. � • ; '�
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<br /> � . � �',-. . 11. BoROwer Not Released; Forbearence By Lender Not e Waiver.Extension ot the ttme o1 payment or
<br /> � � modii�allon ot emoRiratian of the sums secured by this Security InsVument granto0 lsy lender to any successor in intetest ot
<br /> Borrower shall not operate to release the liabllityr ot the or(gtnal Borrowet or Borrowers successor in interest Lender sA80 not be ' '"
<br /> �' �.,: � requUed to commence proceeQfngs agehnst any successor In b►terest or refuse to extaed ttme for payment or otherwise modiry
<br /> • � amorti�tlon o1 tAe sums secured by thTS Seourity tnsbument by reason of eny demand marte by the oripinal Bonower ot •
<br /> t;�. . - .
<br /> � � Bortowels succesaors In interest. My forbearance by Lender in exercis6ng any rlght or remedy sAall not be a watvet ot�or
<br /> � � : •• prectude the exero(se of any Nght or remedy. �
<br /> � 12. Successora and Assigns Bound; Joint and Several LlabiBty; Co-s�gnera Tne co+renen�s ana , ,, .
<br /> " . � . `� agreements of thts Securiry Inabument shail bind and benefi!the successars end assigns o}LenGer and Boriower.subject to the ,
<br /> � �. provlsions of PeragrapT� 9@)• Borrowers eovenants end agreements sha0 be]o�n!and several. A�y BoROwer who ca-signs thts
<br /> _ . � Sacurityr(nsWment but does not execute tha Note:(e)Is casignin9 this Security InsVument onty to mo:tgage.grant en0 convey .
<br /> � � that Borrowers interest in the PropeRy undAr the tertns ot thi9 Securiry (nstrument; (D) Is not personefy obligate0 to pay the .
<br /> • s sums secured by this Security Instrumeni; and (c) agrees that Lender and any other Borcower may agree to extend, modiry, .
<br /> • � lorbear or make any acCOmmodations with regar0 to the term of this Security InsWment or the Note w8hout that 8orrowefa
<br /> consem. .
<br /> 13. NOtICeB.My notice to Bortower provlded for in this Security insbument shail be gNen by deltuering it or by mailing R � �,
<br /> �I��� ' by first ciass mail unless appliCable ISw requtres use ot enoth9r mathod. The rtotke sha0 be directed to the PropBRy Addres9 or .
<br /> ', `" �� any other address Bortower designates by notice to Lender. Any rtotice to Lender shall be given by fUSt clas9 maU to Lendets
<br /> address stated heretn or any addreu Lender designates by notice to Borrower. My notiee prwided tor in this Securityr �
<br /> � Instn,ment shall be deemed to have been given to Borrower or Lender when given es provided tn lhls paragraph. �
<br /> . � � . 14. Governing Law; Severability. This SeCUrily Instrument Sh811 be gOVemed by FederBt law and the Iaw ot the
<br /> � . , � jurisdiction in whtCh the PropeAy is toCated.in the event that any provislon or clause of this SecurAy Instrument or ihe Note � r
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