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<br /> p)All or put of►he Propeny,or a benaflci�l lnterest in p trust owning�ll or p�n of the Property,Is sold `
<br /> ur athan�+ise transfernd(other than by dcvise or desccnt),and
<br /> (li) The Propeny l� nat rx;cupied by the purchaser or grantee as his or her principal residence,or the
<br /> purchaser or grAntee does so occupy the Propercy but his �r her credit has not ban approvai in
<br /> accord�nce with�.he roquirements of tho Seeretary.
<br /> (e)No W�Iver. If c[rcumstances occur that wauld permit l.ender to requin immediato payment in full. but
<br /> Lender does not require such payments, Lender dc►es aot waive its rlght�wlth respect to subsequeat eveats.
<br /> (d)Regul�tloos of HiJD Secratary.In many circumstances ngulations isaued by the Secr�tary will limit
<br /> [.ender's rights. In the ca�se of payraent defa�ats, to requin Imtnediate paymettt in full ac�d foreclose if not
<br /> paid. This Securiry Instrutneat does not authoriu acceleration or fareciosun nf not pPnnitted by tegulations
<br /> of thc Secretuy.
<br /> (e)Mort��e Not I�ured.Borrower egrees that if this Security Instrumeat and the Nate are nat daerminod
<br /> to be digiUle fur liisucaace under thc N�t9anal Hat�sing Act within b0 daYS 3rom the ciatc herco.f,Lmxler _
<br /> may� at its optien, require immaliate payznent 3n full of�11 sums gec�red by this Securiry Instrument. A
<br /> wdttcn statement of any aud�oriud agtnt of the Secretary datod subsequent to 60 days from the da+te hereof,
<br /> =leclin9ng to insure this Securiry Instcument and the �Tote, s6all be damed co:netusive proof of such
<br /> inellgibility. Notwithstanding the foregoing, this opt9on may not be exercised by Leader when t1►a
<br /> unavailabllity of insurana is solely due to Lender's failure to remit a morcgage imsurance premium to the
<br /> Secr�tary.
<br /> 10. ltdariatsment. Borcower has a tight to be alnstatod if I.ondex has roquired imaxdiate paymant In full
<br /> bxaux of Borrower'M1 f�ilun to piy u►uuount due under the Noto or this Securiry Instrument. This dgt�t�pplies
<br /> even dter fo�+eclosun pmcx=dinge ue instltuted. To retnstate the Secudry Inatrument, Borrower shall tender in a
<br /> lump eum dl uraunte rcquirod to bdng Borrower's acwunt current including, to the extent they�c�e obligaloru oP
<br /> n�i�ivii%ci iid�ici ilii's uw"'i�Tiij'fIibttiifit.,`iii.fOSLC�QSlSSL ••PSl�!v'�enp�l►1��rvf etutAtttuw�ILOrneVS'fCG!etid t1tQGafCi
<br /> propedy uwci�ted with tt�e forecloeure procoe�in�. Upon rclnstatement by Borrower,this Secu�iry Inurummt md
<br /> tiu obli��tlon� that it secura sh�ll nmain tn effect �e if Lender had not requlrod immedlate p+�ymernt In tull•
<br /> However. I.ander ie not requtr�d to permft reinituament if: (1) Lender hu accepted reinst�teznent �fler thc
<br /> comrnenc�roent o[foroclosure proceedtngs within two yeua imirw�cliuely proceding the conunenesment of�current
<br /> foreclaun prooeeding. (ii) celasuuement will proclt►de fonxlosure on diiferent grounda In the ftiture,or (iii)
<br /> relastMemait will�dvereely affect the priority of tha lien creuod by this Securiry Instniment.
<br /> 11. BaroNer Not Rdeax�d; Forbe�ur�nce Ey Larder Not R Watrer. Extensioa of the time of payroent or
<br /> . modifics�tion of amortization of the sums secured by this S�curity Instrument graated by Lender to wy sucasaor in
<br /> intera�t of Bonower�b�ll not operatc to refea:e the liabiliry of thc origir.ul Borrower or Borrower's sucot�sor in
<br /> iatenest. Lender shall not be roquirod to comroence proceedings against any aucceasor in interesst or refuse to extend
<br /> time for piymeat or othawlee modify�cnartiration of the suau secured by this Secudty Wtruroent by nason ot'�ay
<br /> dem�md rn�da by the ori�inal Borrowcr or Borrower's successors in interest.My forbearu�oe by Leader in eaercising
<br /> aay slght or remody shall not be x waiver of or preclude the eaerci�e of atxy right or remedy. �
<br /> 12. Snccaeors�nd Assiim Bound; Joldt and Scveral Liebility; Co-Si�ners. The covenants and agcxineats
<br /> � of this Sscudty Ia�trument sh�ll bind and benefit the sucGessors and assigns of Lender uul Borrower. subjea to the
<br /> provasbns of puagr�ph 9(b�). Bocrower's covenants wd agraments sh�ll be joint and aever�l. Any Aorrower who
<br /> casigns this Security Insnument but das not eaecute the Nute: (a) ia co-slgning thie Sec.urity Iastrument only to
<br /> - rnortgage,gcapt aad convey that 8o:rrower's interest in the Property under the terros of thia Socurlry Instrument;@)
<br /> is not personalty obllgatod to pay the suma secured by thfls Security Instnimcnt; ond (c)agrees that Lender uid eny
<br /> other Borrower may agra to extend, modify,forbesir or make any arcommodatiuns with ngu�d to the trrms of this
<br /> : Socwity+ Iastrunxnt or the Note without that Borrower's consent.
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