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<br /> ' Any emounts disbursed by Lend2r undar thls ParQqrnAh shatl becoms ae add'Rlonal dabt of Horrower and ba SECUres1 by ';. � . -
<br /> � ; this Seeur�fy �nsVUmenG These amounts ShaU besr tr�terest from Gse date of Cisbursement at the Note tate.�nd ut th9 option of � .• `
<br /> . , i , f���
<br /> Lend�,shoD ba�nmediatety dua and payeDie. -
<br /> Borrov�a shaD prortspth dtseharye any iisn which has Prtor�Y ove�this Secu►3�► Instrument unfess Borto�rer: �a1 a4reas n . �.: #�
<br /> wr3hp to the GgY+�t of tho abttgatlan secured by t0e Gw�h s mana�er accePtabte to Lender;(A)contests h Qood taRh ths Den . –
<br /> bY, or de!eisGs ayainst caforearr�^nt of tho t'�n tn. legal Orocead�gs whieh In the Lenctr�s opinian op¢rata to prevent the(� . `-.
<br /> enfo�ement ot tAa Gen: or(c)socures 4rom ttie holdar at tho!�n en e�reet"ent satLsTactory to Lender subardlnattrip Itio I.;n w'� . . �-
<br /> � � thb SecurRY tnsuument�t�der���ewer a natiee i6e�Yay:'�+t�se L�- 9aa��h�satlsty the 6enyor take orne or more ot� � .�
<br /> $gcutHy InSUUment,Le�Qe� Y 9 �
<br /> �: tha ecUans set farth above wfthh 10 days ef the qhrhp of rtotiee. �.�✓ � � . � .
<br /> : 8. Fe�.Len6er maY co(t�ect faes end Charqes�uthor(xed by th0 SeeretarY• � f � . ,
<br /> �s �'
<br /> -. .;� 9. iaraunda 4ar Accete�ati�a� ot�:.SL - : - `--
<br /> (a) Detault �ender mar. ezceDt as IYnKed bY�e0ul�tbns issued bi t�em3ecrelatY b cne case of pam�t oeraurts.� � ,
<br /> i require tmmediate PaY�t in tud of aIi sums secured bY this S2cur?iy stru ,
<br /> � (�Borrawar QeiauQs by inDhp to PaY h tu8 any monthly payment requir�ed by this Secur�Y InsUumertt prtor to or on . -
<br /> tne due date ot the ne�morrcnh PaY��ar .
<br /> ,� ; (�Boaower defauhs by fa�n0�tar a Gertnd of thMY�Ys.to V��eny othar obfgatlans conffiined in this Securdy . . ,
<br /> . �nstrutnent . ' .. _.
<br />�� . (b) Sale ti�ttaut Credtt /Zpproval. Lender sAaQ, B permRfed bY ePP�eDiB law(incbdhp setUon 941(d� ot the r '` �. �.� .: ' _
<br /> G e m-S t C i e rt n e b C e P o s R o ry I n s t k u t i ons ACt ot 1982. 12 US.C. 1�OS}3(dl)8nd wfth 4he Prior apProval of the SecreffitY. l . :+r+?.�,i.:'_^��
<br /> r�q�(�e ynme0iate payment in tu8 of a8 the sums secured by thfs SecuraY Instrument i(: � • . , . _ _
<br /> " . (q All or part af the Proparty. or a beneflciai i�terest in a trust owning a0 or part of Me ProPenY. �S sob or . �.,s
<br /> . . otherwise transferted(other ffian by devise or descent).a�d �his or her prhaaal reskience.or Me�urohaser or � " . . . .:;.•-'
<br /> (t�The P r o p e R y i s n o t o c c u 0 f e d b y N e p u r a h a s e t o r y r a n t e e . . �"-
<br /> .- : '� prantee does so occupy the ProPerty. but his or her cred+� has not besn approved fn accordanee wttA tt�e T , :,.
<br /> : � requtremenls of the SeaetarY• �.•. , 5a....�--_
<br /> • � (C) NO Wali/Ef. It ctCUmsianCes oCCUI that woutd P�nk lender to requhe tr[smedfete PaYment h tu8.Iwt L.endar . ,
<br /> -:��j*---•��
<br /> does not reQuire suah psyments,Lender does nat waNe Rs rtphts wBh resPea to subsequent e+rer►ts. �t'
<br /> ' (d) Resulations of HUD 5ecretery. in many crcumstances reQu�s�ons �sued by me secrersn► wm am� . . � � •��'"-
<br /> Lenders rights. h the case of peyment Qetaults. to re4ute imnedi�te payrtient in fu8 and forecbse B not paid.This ,����
<br /> .. . tnsVument does not authorim�cceie�atbn or toreciosure U not pertnRted by reGuiations of th¢�ecre�uY• .
<br /> SACi1�IlY not d9tNiTif1@d t0 � ��.�� �...
<br />. (e) Mortgage Not tnsured. eotrower a�rees mat x s�rs secur�yr insm+"'a"t 8"d me Hoee are . , i: :� ;
<br /> be eifgb(e tor hsurance under tAe National Housinp Act wRhh i� �t dQ11a (9O1 from the date heteof, Lender � � � , ,. �
<br /> maY,at�s oPUon re4�+ire trrunedinte PaY�t h tu0 of afl sums secured bY thts SecuritY Insbumen4 A wrRten statertfent ;�. .
<br /> o!eny authori�d aQent of the Secretary dated subsequent to# O} dalt8 (90� Smm the date hereo}, d a c�n i r p . � :�� —
<br /> to hsure thls SecurRy �nsuument and the Note. ShaU be deemed conctusive proaf ot such in8lqibiGiY• NorivRt�smndhy � .� 's �;
<br /> the foregoinp,this optton may not Ce exe�ised by Lender when the unava(Qab�ity ot hsutance fs solery due to Lend�s �:-:;
<br /> . ,''f;� f� •
<br /> faAUre to temit a mort92Qe insurance Pre►nium to the Secretery. .. �� , �
<br /> �, !. 10. ROIO�U.'IREDL Borrower hns B ttpht to be relnst8ted Y Lendor has c+eQulred hitnsdiYt9 PaYment in tull beceuse of ..•-�;f_ �t `-• .�
<br /> " BorroNers feBure to pay en amount due under ths Nots or Mis SeeurBy instrumenL Thts ript�t aAD►bs even eRer tor�bswa _ .__..._:_ �c .,.�.--:--
<br /> ` proceedfnas ace �nstftuted.To retnstate the Seeur�tY instrurtrent, Barrower sha9 tender in a �mp sum a0 amounts rscNired to . �
<br /> • brinp Bortowers eccaunt currta►i irera+sding, to the �ent thep are ob(�nUons of Boaovrer under thh SacurRy tnstrumm� :��-�r�---�
<br /> torectasure coats and rensonabie and customary attomeys tees end expenaes properly associnted vrM the foreciosure z.�.... ,,,��
<br /> procNdinp.Upon nhstatana►t by Borrowe►,this Sxuritf►�nstrument�nd tha obYpaUons that k secures sh�11 romaY�b�ct as � '��
<br /> r •�
<br /> ' M Lender ded no!required trvnsdt�te PaY�� h fu1. Howavw.L.a�dar b not reQuired to pertnft reinstatement iF. (i�Lsnder has - . ,,'�'�'!"'�
<br /> accepted reinstatert�ent eSter the cortunencement of foreciosure proceedinpa wkhln two Years Immediately PrscBdinp the _ �- �xy,:.��.
<br /> � corrvnencement of a curtent foractosura proceedinp,(t��elnstel8ment w0f prec4de foreebsure on difterent yrounds In ths fut�e� � .:3�;_ �'�
<br /> or(i��sinstatement wAI aduersotY a8ect the Drioriry ot the Ben cseated by thb Security InsWrnent. .�r+�;-'-'
<br /> . �:;�!+'�+� _..
<br /> � 11. BoROwer Not Reteased; Forbearanee By Lender Not a Waiver.Extensbn of the time ot psymer►t or � `_�_ ;�•.' _ _- -
<br /> modif(catbn of amoRiaUon of the sums secured by th�S�wfily instrumant�tad bY La�►ds�to any suxessar h int�st of • .' �; �.
<br /> Bortower aha➢not operata to retease the Mobi�lY of the org(nal Bortower or Borrowefs auccessor b inta'est Lsnder at►a(i not ba ���
<br /> requted to commence proceedinpa a�fnst any suaessor h tnterest or rsfusa to ate�a t►me fcr PaYm�n!or otherwk;e modxy •"�� .
<br /> amartiatbn of the surm sscurod by thb S�cu�Y inatrument bY �on o} any demand made by tha oripinai Borrower or . .
<br /> Borrowera suoc�ssors h intetest My forbsorance by LenAer h �ce�c�s�p a^y �Dfit or rartwdy ahaB rto! b0 •waM�r of or . _ �._
<br /> . prec�da the arwrcise of anY ADht or�nady. ._
<br /> � 12. Successore and Aaslpns Bound; Jofnt end Sevcral LlabiUty; Co-alpners. fia �owna�t� e"d � . � �
<br /> apree�rients ot Mls SecunTy Instrument shan bad and benefd the successors end assi�ns of Lendar and Borrower.subJect to the ��
<br /> • provlsbns o1 Paragraph 9(b� Bortowera covenants end agraements sha0 be Joht and se�eraL My Borrower who co-sfyns this . �
<br /> � Security Instrument but does not execute the Note:(a) Is casipning th15 Seeurity Insuume�t oM,�to mortyepe.O�t�d convey � —
<br /> that Borrower's hterest b the Propeny under the turms of thb Secur�yr Instrumenx N) is not personaly obBpated to paY the . �
<br /> sums secured by this Secunty Instrumen� unfl (a)a9rees thnt t-ender and eny other Bortoxer may eyr�ee to exteed. modity. .
<br /> torbeu or make any accommodaUons with repard to the term of this Securtty msWrrtant or the Note wRhout that Bortowers ��
<br /> consen� � .
<br />� 13. NOUCCB.Any noUca to Bortower Orovided tor in this Secunty�nstu►r�ent ahstl be pMen Cy de&er�►p k or by ma�np k r..�,..
<br /> � by tirst ciass maa uniess aAplicabk law requlre�use of�noU:er metAoA.Tho notkca sheD bo dlreectod to tha Property Addresa or ; �
<br /> any other eddress 8orrower despnates by noUce to Lende►• AnY noUee to Lender shap be given by ffrst ctass ma8 to Lenders '
<br /> address stated hereln or any addtess l.ender designates Dy notice to Bortowe►. MY noilce provided }or M this Seeurftyr —
<br /> Instrumen!sAaB be deertied to have been qhren to Borrower or Lender when glyen es ProvlQ9d n this parapreDh• � • �
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<br /> _ � 14. Gov�rning Lew; �everability. Thfs S�curity InsUUment 5hnil be govemed by Federa� law end the law of th0 �.
<br /> � jurisdlCtion in whiCh tAe Property is located. In the t3vix�t that any prov3sion or ciauss of this SeCUrity ��Strument or fhe NOte F,,,;
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