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<br /> p) All or pert of tho Property,or a beneficid lntenat in�ttu�t own(ng all or p�rt of the Property,is eold
<br /> or othetwiae tranaferrod(other thm by device ar descent).and
<br /> (it) 'fha Propeny is not occupled by the purcha�er or graneee�a hi�or her principal cealdenco, or tbe
<br /> purcheser or grantec doea eo occupy the Propetty but hle or ber credit has not been �pproved in
<br /> eccordan�cG with the requirements of tha Socntary.
<br /> (c)N�Ht�irar.lf circwnstances occur th�t would permit Lenda to mquiro immediate p�yineac in full. but
<br /> ��i�,p not roc�uice such parymeacs.Lsacier does not w�ive its dghta with re�pxt to aubs�quent evente,
<br /> ���o�.�.��,,,,,.,�.5�T�1fl;�ecr.t.�ry. In manv circumstanees re�tulatione isaued by th� Secretery w111 llmit
<br /> Lenderb rlghts,iA Ylr eose of payxnrnt defauets,ta require irrur�ediute payment!n full uid foreclose if not
<br /> pald. This Security.9nauu�nent afoes not authorire acceleration or foreclosure if n�t permittod by nbutations
<br /> of the Secn�ury
<br /> (e)11�to�t�e Not In9ua�ed.E�3tower agrea thst if this�sL•.*i^.;.^Instrument and Ihe Noxe�ce aot det�oninM
<br /> to be ellgible for insucance undei the Natlonal Housing Aai Within 60 days from thG dnt�hereof, L.ender
<br /> uwy, at its option, requin immecliAte prymtnt in full of all aume secu,rod 1by�his Sacuri2y fnstrument.A
<br /> written st�tement of my owthorir�c! �ent of�c fiecmary dated subsequont to 6�ttays �om the dato 6�c:r�vf.
<br /> declining to inaure thia Security Insituament and the Note, slull be dreiaied conclusive proof of auch
<br /> tac8giblliry. Notwithatand�ng the fongo�ng, thia option msy not be e�ercisrxl Y�y i.ender whcn the -
<br /> wuva9lnbiliry of ituurance is eolely due to�render's failure to remit�snori�age insurane4 ptemiutu to t6e
<br /> Secretuy.
<br /> 10.itdmlateseot. Bortower h�a � right to be reinatued if I.en�er hes roquired immodluc p�yment i•n full
<br /> becsiuse oi Botmwer's fdlun to piy aa unount due under che Note or this Securicy Iaatniment.Thf�rigbt s�pplles
<br /> evea after forecloaure proc-•a, ctin8s are inatiroted. To relnstate the Seeuriry lnatrwnent,Bo:eower ah�ll tender in a
<br /> Iiiu�sut—is�I �SIIIZo SLQi�i�SQ tTS'SS:e P�SZ��YAr�4 ACfQllflf CIITflflt IOCII1d�Ilg, to the exteat they asp obliguions of
<br /> �orrower wber chi�Securiry Inst�umeat,fanclosvre costs�nd reawn�ble�nd customary�tcomey�'fas ax�d e�pe�es
<br /> � properly a�aociued with the foreclosure pmcecding. Upon ninatu�neat by Borrbwer,�his Securlty lnitrutnem and
<br /> the obligaclon� th�t it eecures shall remain In effect �s if L,ender had nut requ�red immodi�le p�lyment i� iull.
<br /> •e. m * a_� y� .��w..f :±:���.t��MS �fb!r thn
<br /> However. LCLdO! it AOt [+�Oiieu [O pvrauit �ciubiwiciiidici i.. �a� aw'.:.�.... r.-- .
<br /> oommeacement of foroclowre proGeodinga within two yeara immediuely prer,eding tbe commencema�t af n curcent
<br /> foroclosure proceeding, (ii) reia+utea�ent will preclude foroclown on diffeteqt grounds in ihe future� or pti)
<br /> r�inat�temeat will edvenely�t'fect the prloriry of the liea cre�ted by this Security Imtrumeat.
<br /> 11. Borrowa Not Rdaeed; �orbear�na BY L�da Nat a Wdver. Batension of the dme of paymeat or
<br /> modiflc�tiaa wi anoorti�itioa of the aum��ecured by tht�Socurity Inetcunxat artaced by Lenda to uiy s�oessot in
<br /> inurat of Borrowec sh�ll not operue to nlease the U4biliry of the orl�inal Borrower or Hotrower's suceeasor in
<br /> ` interat. I.ender ah�ll not be roquired to commeuce pmcoedinBa +��inat�ay succesaor in interd►or refuse to extead
<br /> � tinae for piyment or othenvlse modlfy amortir�tion of ihe auma axured by this Socuriry Instcument by rea�cin'of uty
<br /> demand ande by the origir�al Borrower or Borrowet's saccessors in intet+eat.My forbeu�ace by Lender in taer•cisiag
<br /> 4' aay right or remedy s1u�11 not t►e a wAiver of or preclude!he exercise of any right or remedy.
<br /> 12. S�oce�ott�xl As818as 19aand;�Tdut nod Sever�l LI�bilNyp Co-SiQners. The coveamts ond agroemcats
<br /> Qf thls Savrity Insunment shall�bind and�eaefit thC successors md wigna of L.inder�nd Borrow+a�subjoct to the
<br /> provieion�ef pasgreph 9(b). Bornower's caveain[s and agceements eh�ll be jo�n�and kvec�l.Any Bomower who
<br /> oo.signs ty►= Socudry instrument but das not exxute the Note: (a)is w-signing thia Saurity Inu�ument ody to
<br /> nartg�ge,�ract wd oonvey that Borrowar'a interest in thG PropenY uuder the terms of thix Sexurity Iasawnenr,(b)
<br /> ' is not pereonallY ablig�tod to pay the aums se�,�ured by this Secur�ry Inattument:uid(c)agrod t6at leader and uty
<br /> ' � other Borrower mry agca tu extend.modify, forbcar or m�lce any�ccomnx�dacions with n�+d to tLe ter�of this
<br /> �• �ecuriry Instrumwt or the Note without that Borrower'R�causeat.
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