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<br /> (i)All oe put of the Property,or a beneflcial interest in a trust owni�g all or part of cha Propexty,is sa1A
<br /> or othenvise truufemrd(ather th�n by slevise or descent),�nd
<br /> (ii) 7'he Property is not occupied by the purch�ser or gru�tee a�his or her pd�cipal nsidcnc�, or tha
<br /> purchnser or gr�nta does ao 9ccupy ths Froperty but his or her credit has not be�n app.rcmrdl tn
<br /> �ccu�with the requiremeats of the Stcretaty.
<br /> (c)No Wdver. If clrcumstar�as oocur thu would pemiit L�nder to rcqulre immediate psryinent i.n full. but _
<br /> Lcnder doa not requtre such paymeata�Ixnder does aot wuve its rights with respect to subsoque�+t evrnte.
<br /> (� gesulatioo�of Hl1D Sa�rctary. In many ctrcumstances regulations issual by tl�e Sec�r.tary will 41mit
<br /> i.ender's righa. [n the case of p�ymeat defi��lu.to require imroiediue prymeut in full ud fo�eclote if aot
<br /> paid,This Socurity Instruma►t does not wthoriu�caleruioa or foroclosure if not permitted Ly rebulqi�ns
<br /> of the Socretuy.
<br /> (e)Mat=aie Not I�wred.Bomower agrees that if tl�la Secudry Inauumeat sud the Note are not determinod
<br /> to be eligible for iasuru�x under the Nuiortal Housing Act within 60 d�ys fram tt�e date 5ecnof. 1„crsder
<br /> may, ai its option, roquic+e immodiue piyment in full of all aums uxured by this Secur�ry Iastxumrnt. A
<br /> written atateukat of aay awthorized�geat of the Seccetary dued subsequent to 60 diya from[ht duo heroof.
<br /> dxliaiag to insure this Socurity Instiuenent �nd the Note. sUaq ha deemed coacluxive procif of suc2r
<br /> ineligibility. Notwithatu�ding [he fongoing. this option may aot be exerciaod by Lendcr wbaa tha
<br /> uaxv�ilabiliry of iusurunoe is solely due to I.�nder's fulure to r�mlt a mort6�ge insuru�co pnmium to tha
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<br /> 10. Rei�tesent. Borrower has a right to be reinsuted if Leader h�s rcquimi immediate paymeat in full
<br /> bocaux of Bomower's failure to p�y an anaount due under the Note or ttus Secudty lnsuumeat. Thi:riglat oppliaa
<br /> CYC'a utCf ibioC:j�a�itc �siarC'w.a��o �:.. IiS:Ii2i2:.,�.. �aa Iv.fwt«S.'. 5�:.�fi� j...^'.:S72II..."�:, R.:�n.�ah,r_ll rnvl�e jn a
<br /> lun�p surn all amouna nquired to bring Borrower's�count curra►t includiag, to the eatait tl�ey ue obiig�tioas of
<br /> garower under this Sorarlry Instiuman.foroclosure costs and n�onable and cu:tomuy attorn�ys'focs md r�pea:ea
<br /> P►opedY+�tsociatod with the foreclosure proceeding. Upon�tiastatement by 8orrower.thi�Saurity Insuumeat�nd
<br /> the obUSations that it secures shall reauin in ef[ect u if Leader had na nequind imm�xtiate �ymcat in full.
<br /> Howeva. I.ender is aot roquirod w peratit �reinstue�oeat if: (i) L�eoder has acceptod reinst�ietnrat atta !ha .
<br /> wmn►rna.cna►t of fo�ecloaure proceedin8s within two yaus immodi�telY P�8 the comtamoemeat of a curt+eat
<br /> forocioare procooding, (ti) ninstatem�nt will pnoclude fonclosure oa dIffecrnt ge+ouM� in tlie tutuxe, a (iii)
<br /> reft�statemrat wiU adverxly affect the priority of the fien crcatod by this Socudty Instiumeat.
<br /> • 11. Borrower Nat RRfe�eed; ForbeRCa�ce By Y�Not a Wdrer. E�ctension of the timc of prymcAt ot
<br /> modificatioa of amortizuioa of the sums aocurod by thfs Security Instnunent gr�ated by Lender to a�uy suocawr+n
<br /> intr.n�t of Barowa stWl not operate to coleaue tt►e IiabUity of tbe oriauW Bonowa or Borrowar's uu�ceswr in
<br /> ' inte�+eat, Latder shall not be raryinod to commence ptaco�ings against my succtsaor in intet�st or r�ctute to extead
<br /> tfm�e for paymart or othenvise modify amortization of the s�►�m secured by thia Socurity Instrumeat by cason of�nay
<br /> dptnmd msde by the arigieal Bormwer or Borrower's sucassw�s in intsnst.Aay fotbe�r�u�oe by Lender in exe�cisiaa
<br /> aoy rlaht or c+e�riedy shadl not be a waiver of or preclude the exerciae of�ng right or remody.
<br /> fZ.SncceearM�s�sd Ad�ro Bo�nd;Joirit�nd Serer�l Y.i�bilih,CaSisoen. The coveaa�ta aad agtoemests
<br /> of.tiaia Sacurity Insuumeat�a1t bind and beaefit the succasors and as�ign�of Lender end Harower.aabject w il�
<br /> }xa�is�oas ot paragr�ph 9(b}.Br�rrower's covenants and agreements ah�ll be joint aod sever�l. Any Borrowec wha •
<br /> ea.sigas ttw Socuriry Instrumeue 0ut does not exxute the NotC: (a) ta co-signing ttus Security Wuument aNy to
<br /> mrr't�age�grui[�nd convey th�t Bomowa's iuiuirst in We Property under tLe trnns of thia Security Inatrumentt N) .
<br /> ia npt penon�lly obligued to pzy the suan socurod by this Securiry Instnmxnt;and(c) �gnas th�t�.ea�der�od wny .
<br /> qbex Aomower may�gra to eztend,modify. forbear or make any accomrooduioas with regud to the tenm of�his •
<br /> SoG,�rity Instcument or tl�e Note without that Borrowtr's consent.
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