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<br /> . '� "'""Y (i)All or part of the Properry,or a beneficial interest in a trust owninII all or part of the Propercy�is sold
<br /> � or atherwis�transferred(other than by devisc or descenc),and :�
<br /> (ii) The Pmpercy is not accupied by the purchaser or gr2ntce as hia or her pdncipal residea�edthn � '�`.
<br /> purchaser or grantee does so occupy the Froperty but his or her cmdit has not been app ^•�.,
<br /> accordance with t6e requirements of the Secretary. �,t.`.•
<br /> (c)No Waever.If circumstances occur that would permlt I.ender to require i��nTr�iate payment in full,but _��._
<br /> 1. ,:-:-=
<br /> Lender dces not requlre sucU paymencs, Lender dxs not waive its d�ts with ces�rc�t to subsequentWill li nit �,��°z"s�:
<br /> � (d)Regulations of HW SeereturY. In many circumstances reg�lations issued hy the Secretary ,_,,�,,_
<br /> �} � Lender's ri�,hts,in the case of payment defaults, to requite immediate paymenc in tuli and foreclose if not ,__�
<br /> k' paid. Tl�is Security Instrument daes not authorize acceleration or foreclosure if not permitted bY regular.�ns ��—�
<br /> � of the Secretary.
<br /> (e)IViortgage Not Insured.Bonower agtees that if this Sesurity lnsm►ment and the Note are not determined ��"w"'��
<br /> �:�;- ;
<br /> .: to be eligible for insurance under the National Housing Act within 60 days froua the date hcreof, I..en er �lr_u
<br /> may, at its option. require immedie�a payment in full of all sums secured by ch?s S�ecurity Instrumem. A �:•
<br /> "�•• �v ri n e n s t a t e m e n t of an y authorized agent of the Secretary dated subsequent to tC+doys from tlie da�e hereof, �Y__
<br /> ► decl;ning to insure this SQCUrity Ins trument an d t he Na te, s h e l l b e d e e m e� o�n c l u s i v e p r o of of such E,�—
<br /> � ' ineligibiliry. Notwithstandin8so el ciue to I.ender's failura o remitta mortgage insurance premi met the —
<br /> unavailabil�ity of insurance ts y
<br /> Secn.taiy.
<br /> �� 10. I�elnstatement. Borrower has a right co be reinstatcd if Lender hns required immediate paymeut in full =
<br /> • bCC3U5E 02 f�OliuW�l�� f3�Zi3IC tII�r�''i� ?I!'nunc due under the Note or this Securicy Ir.strnment. 'fhis right appli��
<br />" even after foreclosure �roceectengs are �nsti[uted. To reinstate the Security Instrument, Borruwc� �i��tS tcuc�er fu a
<br /> � •• lump sum all amounts required to bring Bon��ver's account current incluai��g, to the extent t�cy are ohlfgations of
<br /> u:"'
<br />_� ' 8orrower under this Security Instmment,fore�:losure US�n re nsta ement by Borrower�, dlts Secyunty I�n�ent and �'
<br /> s� �:. ' properly associated with che foreclosure proceedin8• P° _
<br />�_ .� the obligations that it secures shall remain in r�f�ecat ment if�d()hl.�nd rt has�u�"'.��1�tAp��nt after thlo
<br />=����.��..;,,; However, Lender is uot nquired to perniit •
<br />�:. ;,,` `: ,p, commencement of+Foreclosuce procealings within two years immediately prece.c3in8 Ute cammenc�ment of a currcnt
<br />�,j,�,,,.�. •..•,... foreclosure proceeslin8, (ii) reinstatement will preclude foreclosure on differ Instgum nt�. � �e ��e, or (iii)
<br />;n'==``='7T �' reusstlt�ment wiii advecec�y af:�:the sr�riry of the lien created by this SacuritY . � ,, -r.ent �r �rn_
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<br />=��� ��� 'lA. Borrowe�r Not Relees!�!; Far`..�u►a;+cc BY Lender Not a Wafver. �x►�as=�u�� ��t���� —
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<br /> � modificatlon of amortlzation of the sums secured by this Security Iusuvsnent grance�^Uy I�ender to any successor m
<br /> �`•�=�--'='�� interest of Eonower shall not operate to release the llability of the or3ginal Borrovver or Bonower's successor it►
<br />=�`�"""-���� interest, I.ender shall not be required ro corainence proccedings against a�y successor in interest or refuse to eatend
<br /> e�.s..,�.��
<br /> =�,:�"�� time for paymeat or otherwise modify amortization of the sums secured by ehis Securiry lnstrument by reasob o any
<br />---�,-�Z�: demand made by ehe odginal I3orrmwer or Borrower's successors in interest.My forbearance bY Lender in exerclsing
<br /> —..,:o._.
<br />"=,:�rj�;s,� any dght or remedy shall not be a w a iver o f or p r o c l u d e t h e e x e r c i s e o f a n y ri g ht or re� y•
<br /> Tr,;�,;��_"' 12.Succe.�,sos's and Asslgns BounB;Joint and Severnl LfAbility;Co-S��nder�and Borrow�ran ubject oEthc
<br /> ����.T�:�� of this Security Instrument shall bind and benefit the successors and assigns
<br /> e
<br /> —`_ .�=,`T' h 9 Borrower's covenants and agreements shall hc joint and several. Any Borrower w o
<br /> `=_ —�-- provisions of parAgtaP (b)•
<br />-��-',°'s co-signs this Security instn►sxnent but does not eaecute the Note: (a) is co-signing chin Security Instrumeat only ro _
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<br /> _.�,��,•�-� mortgage, grant tuqd convey d�at Burrower's interest in the Property under the term�of this Security Instrument; �( )
<br />_��K�.b•. is not persona�ly abligated to pay die sums secured by this Security Instrument;and(c)agrces that Lender and any
<br />�'''°' ` '• other Botrower may agree to eatend, maiify,focbear or make any accomn►oclations with regard to�the terms of this
<br /> J• ,I�� .. ' .
<br /> Securiry In3truxi�ent or the Note w:thout►rat Borro�+er s consent.
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<br /> - .�� �, Popo 6 of 8 Wtia�]� �F`-�.
<br /> ��413(I�E)19604/.Dt
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