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<br /> :'�`�� (i)AU or pact of thc Property,or n bcncficial intcrest in a trust owning sill or�art of thc Property,is sol�or -
<br /> � othcrwise trnnsferrcd(other than by devise or datcent),and
<br /> �°11°'"'"� (ii) Tt►c Prope►ty is not uccupicd by thu purchaser or gruntce as his or her pdncipal residence, er thc
<br /> "'�-Y°""""�� purchaser or granteo dues so occupY tha Property but his or her credit has not been npproved in occordnnce
<br /> �� ,. � w{th the requircment�of tlio Secrctary.
<br /> � _ (e) I�o Weiver.If circumst�nces occur that woidd pertnit Lender ro requlre immedfate payrt►ent in full,but --�
<br /> °:. � • Lender does not rec�uim such pAyir�eiita,Lkr►d�e do�s nat waiva its rights with r�ect w subsequent events. __
<br /> ° (d) Regul�tbn3 ot HUkD Secretary.In many cincarnstences regulations iasued by the Secretary will limit
<br /> �� _ �•- Lcnder's rights,in the case of payment defaults,to rcquira immcdiate payment in full and foreclosc if nax Fai�.
<br /> '� � Thi.s Security Instrument does not authorize acceleration or foreclosure if not pcmuued by regulations ot tlte _
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<br /> � :� (e)Mortgage Not Insured•Bonowea egrees that if this Security Instrumcnt and the Note are not deterznir►c.�i t��
<br /> � � be eligibk for insurai►ce nnder the Neuonal Housfng Act withln 60 daya from the daw hereof,L,ender muy,at _
<br /> ;. ;:.;.� : its oppon, require immediate paymertt in full of all sums secured by this Securlty Instrumen� A wrflten =
<br /> . . statement of any uuthorized agent of the Secretary datcd subsc,�uent ta 60 duys from the d�tc hereof,declininQ =
<br /> �•.:���,�..• • to insuTe this Security Instrument and the Note, shall be dEemed conclusivo pmof of such ineU�biliry. �
<br /> ''' �'�:`:.;ti�?�` % Notwith�tariding the foregoing, t?s��s op�on may nat be ex�,ccised by i.ender when the unavail�►bility of __
<br />� '`�.�;;i.,,�,�,:`.;; . insurance is solely due to 1..ender's gailure to remis�a rnortgage insuruncepremium to the Secretary. -
<br /> , .,._, ��: 10.Reinstatemen�Fiorrower has a rig4�t to be reinstf►ted if Lender hes requlred immediute payment fn full because
<br /> '� �% ` of Borrower's fsllure to p�y an tunount due t�n�lcr the Note or thls Security Instr�men�'Ihis right applies even after =
<br /> � �'�°� �'`� foroclosure proceedings arc insut�ted. To rcinsmte the Secwiry Instrument,Sorrower shall tender in a lump swn ull
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<br /> ;;�".,; :,.•,;� ` nmounts required to bring£��rmwer s eccount current including,to the extent they nne obllgaaons of Bonowec under _
<br /> `�'�',�-^'���` th3s Security Insuument, f�o:r�clusure costs and reasonnb9e and customary auorneys' fces and espenc..s �ir�operly
<br /> -:.::;`.;;;`i',v":�;; associated wIth tha foteclosure procetding. upon rtsinstatement by lsorrowu. this Securicy Insmtmenc and thc
<br /> +�`:�?-,�,�:�y abllg�tions thnc it secs�res shall remain in effect as if Lender hnd not required Lnmediaro payment '►,n fuQ. Hnwevcr,
<br /> ��� :•.�.;�•. Lendet is rtot required to peimit reinstatement if:(i) Lender has accepted reinstatement efter the cammrncemenc o£
<br /> =?".:��:�� fonxlosure proce.edings witliln two years imanediately preceding thc commenament of a cwrent fareclusurc
<br /> =_�-���� P��B, (8) roinstatement wlll proclude foreclosure on dlffcrenc grounds in the fuwre.or (iUy retnstatcment will
<br /> �r��_��� edvuaely affxt the prioctty of the llas created by thls Securlty Inswmen�
<br /> _ �,�r�� 11. Sorrow�er Not Itelased; Forbexr�nce By l.ender Not A Wdver.Hxtcnsbn of tho Wne of puyment ar
<br />__.:q�::,,�,�,� modlt'�cadon of amoctir�don of tho sums securcd by this Sccurity Instrument granud by Lcndar w any auc�cssor in
<br /> -.�.-�:,.�;:��:�_�= intaest of Borrowa shall not opaate to releasa the liabiliry of the original Borrowes or Barawtr a successor!n inu�cst.
<br /> ,- =-`r"'°� Lea�der ehall not be re;quired w commenca pcoceedinga egainst any successor in inurest or�efuse w oxten�tfma fer
<br /> = payment or otherwise modify emoct�atton of thc sums scc�ued by this Secarity Instiuument by rcason of uny 8�:mand
<br /> - made by thz aiginal Borrower or Bonowu's snr.ces,wrs in intemst.Any forbearancc by Lender in easrci�ing any dght
<br /> `"' or nmody shaU not be a waivu of or preclude the eaercLso af any right or cemedy.
<br /> --"�' 12.SQOCeaaors and ABStgas Boundi Joiat and Several LiabiIIty;Co•Siguere,The covcnanw and a�emantu of
<br /> LL ��s� this Sos�uity Instrument shall bind and b�mcCtt tho successors and asstgns of[.ender and Sotrower,subj�t un tha
<br /> --- - provislons of panigraph 9(b).Borrower's wvenants and agreements shall be joim and several.Any B�nowcr who
<br /> "---- casigns this Security Instrument but docs noi execute the Nate: (a) is co-signing this Securiry Inst�ument only to
<br /> _ - mortgnge.grant and convey that IBonower's Interest in tho Pn�peity undez the trrms of this Security Ynehument;(b)i�
<br /> _:-���mr�� not pusonally obligated to�pay the sums secnred by this 5ecuriry Instrumen�end (c)agnx.v that Lendar a�nd any other
<br /> - =. gorruwrcr may agoe to extend,modify.forbear or mnkc any acoommodadons with regard to the tenn6 of this Sucurity
<br /> ��4:,;i� Iastrument or the Note witho�t that Bonower's consen�
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