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<br /> �v �i.p All or pazt of the Property, ur a beneficial intcrest►n a crust owning all ar part of thc Property,is sold
<br /> or othenvise transferred(othcr chan by devise or dcscen[),and
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<br /> (i.i>The Praperty is no[ occu�pie�uY �h hcuP operty but hiseors her cred t hasnnot`been�approved�hn
<br /> purchaser or grantee does s pY
<br /> a,^.wrdance with the requirements of the Secretary. ',
<br /> (c)Nv Watver. If circumstances or.cur that would permit L.ender to require immediate payment in full, but
<br /> ��j Lcnd�:r d�es n�t require such payments,Lei�der does not waive its rights�vith respec[to subsequent events.
<br /> (d) �+',cgulutlons of HUD Secretary. !n many circumstances regulations issued by the Secretary wi11 limit
<br /> ' Lend�:r's rights, ln the case of payment defaults, to require immediate payment in full and foreclose if not R :.
<br /> � p2id. This Security Instrument dces not authorize acceleration or foreclosure if not permitied by regulations ,`�,:
<br /> " of ttns Secretary. ^
<br /> • (c)ia�nrtguge Not lnsured. Borrower agrees that if this Security Instrument anfrom the date hexeof,ct.ender :r�:
<br /> to br,eligible for insurance under�he National Housing Act within 60 days -
<br /> �r mny,at its option, require immed�ate payment in full of all sums secured by this Securlty Instrument. A ,Y_
<br /> ' wxa�•rr.n statement of any authorized agent of the 5ecretary dated subsequent ro 60 days ftom the dute hereof, "w4-
<br /> r d[:,:iinina to insure this Security lnstrument and the Note, shall be deemed conclusiv�e der�whensthe ' -
<br /> . inniigibility. Nonvithstanding the foregoing, this option raay not be exer�ised bY 4;;^�µ
<br /> '. • �+.,� unnvailability of insuraace is solely due to Lender's failure to remit a mortgage insurance prem�um to the ✓�`�
<br /> r 5e:retary. �^�-
<br /> lq, R:tinstetement. Borrower has a rigt�t to be reinstated if Lender has required immediate payment in fuU
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<br /> � t,�rau��of�orrower's fai�ure to pay an amount due under the Piote or this Securiry Inst�meWerTh��l,tenderp'n a -
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<br /> even aftor ;'oreclasure proccedin8s aze instituted. 'ro reins�a�e iLa �sri�i �z�'�n., ____. -
<br />- �� l�unp sum��Il amounts requirf;s]to bring Borrower's�s s antd reasonableuandc us omary attorne ys'fces an1d expenses S''�
<br /> �.:,�;,;; . B��ower itirtder this Securiry 'Jnsttument, foreclosure '•�
<br /> properly as,sociated with che foreclosure proceeding. Upon reinstatement by Borro�ver,this Securiry Instrument and
<br /> , r the obliQnttons that it secures shall remain in effect as if Lender had not required immediate payment ia full. -
<br />- � � �Lq1YP,VfT. I.end�r is not requlred to Pe with nl[wote�arsti lmmediately preceding the co�°e°��nt of a ceumnt -•
<br /> .. '� •� <. . commanoemcnc of foreclosure proceedings Y _
<br /> " fom:clnsuns praceeding, (ii) reinstatement will preclude foreclosure on different gmunds u► the futuie, or (ili) __
<br /> ` rcinstatemonc will adversely affect tt►e priority of the lien created by this Security Instrument.
<br /> 1 a, iTr�,rrogver Not Released; Forbearance BY Lender Not a VYsdver. Extension of tGe time of payment or
<br /> modification oY vnortization of the sums secure3 by this Securiry Instaument granted by Lender ta any successor in �
<br />- interest aF Borruwer shall nat operate to release the liability of the or�ginal Bonower or Bartower's successor in e1_
<br /> � ` � in�em.st. €�ender shall not be required to commence pmceed�nSs against any successor in interest or refuse to extend F,T•�,•
<br />_ � ' time far g�ayment or otherwise modify amortizatian of the sums secured by this Security Instnunent by reason of any �,,.,—_
<br /> � . � dema�nsi tnade by the orlginal Eorrower or Borrower's successors in interese. AnY forbearance by Lender in eaercisinF .g.__
<br />� any riglit or i�emedy shall not be a waiver of or preclude the exercise of any right or remedy. :',:.�
<br /> �� Co,Si ners. 'fhe cavenants and agreements
<br /> � � 1�.Successors and Asstgns Bound;Joint and Several Linb9lity; S '��`,.;__
<br /> ' of dds:�ecurity U�strument shall bind and benefit the successois and assigns of Lender and Bonower,subject to the `1`_`.`-
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<br /> = provis,i<ms of paragraph 9(b).Boaower's caveaants a�nd agreements shall be joint and several. My Borrower who !
<br />-1� "";�`. i w•si�ns,chis Securiry Inscrun►ent but does not ezecute the Note: (a) is co-sigaing this Security Instmmeut only to '�v
<br /> -.,�. -_., �; i mort�t�c, granc and convey that Bonower's interest in the Property under the terms of this Securiry Instrument; (b) :�F,`*=.
<br /> � is nat vcrsanalty obligated to pay the sums secured by this Security Instrument;and (c)agrees chat Lender and any ,µ��
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<br /> • ;; othcr �tonower may agree 2a extend,modify, forbear or make any accommodations with regard to the terms of this �'rtf,
<br /> ` Securiiy Instrumen+.or the 1Vate without�ha*Borrower's consent. �;`�:�_�;
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