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<br /> . ' �'7� '��179 .� `z -_ --
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<br /> ♦J f i�q,��pl�y i. . -�—--------- --
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<br /> kny amounts Gbbursed by Lendar under ihis Pareg�aph shall trecome en addEttunat dsbt of Bortower snd ba s�� by ?r _ , ,T
<br /> this Socurity Uatrument 'T�ese amounts shall bear tnterest trom the date of disbursament at the iVote rate.end at the optlon of . �� v , }
<br /> ,i Lendsr.sha0 be 6nmediate.y due and payabl9. � . � : �`�-
<br /> � Borrower shap prompty diSChnr$8 anY Gerf whiCh has prion't�+ over this SecurnY Instrument uniess Borrower: (a)8grses h ` ` _
<br /> , , vrtiUng to tho payment ot the obti�atton s�ured by tha uen in a manner accePtebie to Lender. (b)con►ests�n gcod faith tha Gan
<br /> � by, or detsnds 8�inst entorcement of ths lien h, iegai proee2dmps rfi�� � the LenQSrs opfilori operate to p�rant the ,
<br /> I -
<br /> E entorcement ot the Iie+r or(c) secures irom tl�s hot6e►of the i'�en an agreomant satLsiaetory to Lendsr subordlnating the 1',en to -
<br /> this Security Instrument It Lender de2e+m{nes that 8nY PFUt af ths ProPertY is subJ9ct to a lien whiCh maY attain prioriry Over thLs �. -
<br /> Secutiry I�SWment,tEndsr may ghre 8o[rower a notiCa id9r►tHyiny tha 14�n. Borrower shall satlsfy the lien or tAko one or more of . �� `;.
<br /> the actions s�t tocth above witt�in 10 day8 of the givin9 of nottce• F - :..
<br /> _ g.F°�8.L.Cndcr rn3Y cal�t te4s snd Ch�rges 8uthor�ed by N8 SeCretary. � ,._
<br /> 9.Grounda for Accetaratton of DebL ` � � ;
<br /> • (S) CEfBUIL Lender may. �cept es Amfted by regutations issued by the Secretary in the case of payment detauRs. ; •
<br /> require tmmedtate Payment in tu0 of a0 sums secured bY thts SecurftY Insbument f� , . _" .�
<br /> (q Borrower defau9s by taifng to pay in hiD eny manthiy payment rsquted by this Secur�ty�nstrument priar to or on . . ..�,,_
<br /> .;S nr.
<br /> the due date of the next monthty payment,or ` •.;-r,<;�.
<br /> (�Bortower deiaugs by fallhp.for a pedod of thtty days.to perform any other obligaifons conffiined in this Sec�r�tY T ' .�_,.;,• ,-�-_
<br /> ,a:
<br /> � InSVUment `,r-..•«
<br /> � s (b) Sate Without Credit A�proval. Lender shatt, If permitted by applicable taw (inctuding sectton 341(d) of the •,,;�
<br /> GamSt Gertnah Dapository Instftuttons Act of 1982, 12 US.C. t70/j3(d)I end w4h the prtor approva!of the Secretary. , . �
<br /> - ; ;`,F=�..:F:
<br /> - require inmediate payment h tuD o!a11 ths sums secured by thts SecurnY InsWment if: � " r ''
<br /> } (� M or part of the ProPerty. or a hansfkiai hterest in a trust ownhg all or part o4 the P�'opeRY, Is soid or , �
<br /> otherwlse transferred(other than by devlse or descent),and ^ E"-'��
<br /> (�The Property is not accuAied by the purchaser or pr8ntee as hEs or her pnc�tpal res(dene9.or tha purthaser or (�����_,—
<br /> �anteQ does so occupY tl►e Property, but his ar her cxedn has not been epProved h accordance wRh the _ u__,��_•-
<br /> xe -
<br /> requtrernents of the Secretesy. �-�-���-: -
<br /> (c) No WdiV6f. If Ctrcumstances occur Utat would permR lender to reQuire tnmediate PaY�i in fu4 but Lend9r ,..,��::;"_—-
<br /> does nof require such payments.L.e�de►does not walve fts riphts wRh respect to subsequent svents• +'. -r •;:.
<br /> �� t (d) Re�gulatlons of HUD Secretary. rn many cr�umsrar+cos ro�urauons is5ued by the secrem,y wm �n+s ,
<br /> u t r e L n m a d t a t� t n f u U e nd torecbse if not p e 1 d. ThLs � �-�����;-`,,
<br /> . tsneets �ights. in the case of payment defaui'is, ta raq RaYn`� � ; _
<br /> Secun'ty tnsuument does not authori�acceleratWn or torecbsure N not perm�ted by reOt+InUons of the Secretery.
<br /> �e) Mortgage Not Insured. Botrowe�egc�Bes th8t ff thls SeCUrt'ty Instrument end the NOta ete not determined to . � ,-'?�,:�_
<br /> . be eligbie(or hsurence under the Natfonal Housinp Act w�hn i� Of d9Vtl(90) from tho date hereoL Lender -
<br /> mar.at �s option�e4uta immsdi4te PaY�t in tuil of all sums secured by this SecuritY tnstrumen4 A weftten sttitert�ent " ^ ., `�
<br /> ' of eny euthorized ayent o4 the 3eaetary dated subsequent to# Ot d�y8 (901 from the dato hereof. decifitrsp �'" :;�, �:.
<br /> w hsure this Securfty Mstrument and the Note, shaA ba deemed concluslve proot of such IneBp�DRy. NotwkhsWndhy � , . ,._;' .�
<br /> the PoreQohQ,this oPtbn may no!be exercised b9 Lender when the unavaitabiRY of insurance b soletY due to Lende�s - -� °•j .,
<br /> faihiro to rem�a mortpape hsurence psemium to the Secretary• .;� . :�� :
<br /> fa
<br /> . . .:,��r. `� i�
<br /> 10. Retnstatement sorrower nas a rbne to ce rehsrsted e�der nas re�+ired rnmea�var�e�t m m�eecause ot . . -- �
<br /> Borrowers fa9ire to pay an amount due unde► Ne iVote or this Secur$y InsVUmen� 'Ttds ripht eppBos even after farecfosura 'f'a;;";"
<br /> i`�'�.:—��
<br /> proceedinps are nstiwted.To retnstate the Securlty tnstrument, Barrower ahaN tenQer In a lump sum a0 amaunts rs�uted to ;�� .�f�_
<br /> ° brhg BoROV�ers account curtent tnoWdinp, to the entent they are oblfpations of Borrower under this Secun'ty Instrument, :.,„w. _�_.=. _
<br /> forecbsure costs end reasonab� and customary attome7rs fees end e�anses propeAyr assoolated w�h the toraCbsure �x-'if •
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<br /> � proceedinp.Upon rehstatement by Bortower,thts Securily Instrument end the obllgations that k secures shaR temah in eRact es R,
<br /> if Len6et had noi roquireA}mmsdste Payrt�ent b tu0. However. Lender is not required to permlt rehstatement�: (9�der has •v"�`���
<br /> •_�:� •:�
<br /> . =-•��atY-��,._..
<br /> accapted n3lnstatement eRer the comrt�encement ot torecbsure procesdinOa Wxhin riro ywrs t►rrnedittoy P�inp tha -.
<br /> commencemw�t of a current iorecWsure procaodirtp,(i�retnstatsment wtll precwde torecbsure on dirtewnt grounds in ths iutu% .-. ---"��°
<br /> or(ti�rebstaterr�nt w�adverseN affect tha P�orRy of the Gan ueated by this Socurity Instrumen� � ;:_-._.� .
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<br /> 11. Borrower Not Reteaaed; Forbearance By Lender Not e Waivar.Extenst�n o!the tyfis o}payrtwnt or ~• •���=�
<br /> � 11 mod'dcatbn of amortimtbn of the sums sacurod by tnm Sacuriry inswmont granted i�r t.a�u:r to :.s� sux�:as:� :st-_'�=o! _-- _= ��---� •
<br /> t 8orrower shaY not operate to release the ikbitity of the oriphal Borrower or 8orrowefs successor in interos4 LendeP sha7 not be . ,, •
<br /> � required to commence praceodinps aqahffi enY successor in intsrest or rotuse to �ctend Ume for paymsnt or oth¢mrlso mod'dy
<br /> .� ..�„�,. _
<br /> amortimtbn o! the sums securod by thb Security Instrument by reason of any dornend made by the oripinel Barrower or
<br /> • Bortowe�9 suCeessOrs in Inforest My forboarenCe by Lender in ezercising any right or remedy shaii nOt be a +xaiver of ar • � ',
<br /> �� precqQe the enercise of any riyht or terteedy. ' • -
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<br /> ! 12. Succeaso�a and Auslpns Bound; Jolnt and Several Liabitity; Co-slgner�. n,e cm�enanrs ana ..
<br /> � � ayreements of this Security Instrument shatl bind end benefR the successors and essigns o!L.ender end Bonowar,subpct to the
<br /> provisbns o}Parapraph 9(0). Borrowers covenants and agreert�ents aha0 be Joint and soveral. My Borrower who co-8i�s this
<br /> 1 Security Msuument but does not mcecute the Note:(a)is cwsignh8 this Security Instrum�nt ony to mort0eps.Orant tnd comay .
<br /> � that Borrowefs Interest In the Property unde►the terms o} th!s Secun'ty Instrumenx (bl is noi personaRy obUpated to pay the
<br /> � � sums secured by this Secunty Instrument; aed (c) agrees that Lender end eny other Bortower may ag�se to extsnC, mod'dy, . •
<br /> " • ! torbear or maice any aceommodatbns w�h re�ard to the term of this Security Insdument ot the Note wRhout that Borrowe�s
<br /> . ! consent ' ,�
<br /> . 13. NOUC@8.Ar►y noi�e to Bortower provided tor in this Security Instrument shuil bo ghron Oy dolfirorinp R or by mai0ng ft • �
<br /> by first ctass rnail unless eppllcahl�law requtes use ot enother method.The noUca shali be dYected to the Property Address or • � '
<br /> � eny other address Bonower dosipnates by notice to Le+�der. Any notke to Lender shall ba yhren by fHst class mai!to Lenders � . �
<br /> address stated herein or eny address Wnder designates by notice to Bortower. Any notbe provided tor b thb Security
<br /> � • Instrurnt�n!9haff be deemed to have baen given to Bortower or Lender when given es provided �thls paregraph. -
<br /> � 14. Governin� IBw; Ssverebitity. Thb Securlty InsUument shad 6e govemed by Federel lew end the lew of tho �
<br /> - JurisdicUan h whl�h the PropeAy is bcated. In the e+rent that any prov�sbn or ctause o} this Security InsWment or the Note �
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<br /> - FSEtALMO(9/89) P�6�9 of 8
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