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<br /> 97���'�`'7
<br /> (;)All or part of Wc Property,or a bencficial interest in a uust ownin�all or pnr+t of thn 1'tnpeny,Is sold
<br /> or athczrvise aansfemd(other than by devise or descent). and
<br /> (ii)The Property is aot oacupled by thc purchascr or grantce a9 his ar ttcr princlpxl Nside�ce��or�thn
<br /> pucchaser or grautee das so eccupy the Propecty but hia or her credit hAS nat hr.eu a�p
<br /> accordance with the requirements of the Secretary•
<br /> (c)N�Wuiver. If eircuroatances occur that would permit Lender to require immallnm ps+ymcnt in full.but
<br /> Lenderdoea not roquin such paymea��dcr doea����g�s8��ns i�s u�cl 1►�ytQ�RUSccr�ct�yt����l�mit
<br /> (� Retulatiora of�iW SerrctarY• Y S _
<br /> Leader's rights, in the case of paymeat defaults,to require immedlate paymeuc ln fl�ll nnd foraslosa�f not
<br /> p�id, This Securlty Instcument dues not authoriu acceleration or foreclosuro if not per►nittc+l by cegulations
<br /> of the Secntnry.
<br /> (e)Mortg�ge Nd Ie�sursd.Borrower agras that if this Securiry Iasttum�nt usd tha N4te urs not determined
<br /> to be eligible for insurancc under thc National Housing Act within 60 days from tha clntc liercc�f, Lcnder
<br /> may, u its option, requinc immediate paym�nt in fiill of all eums aecu�vxl by this Ss�uriry Insauma�t. A
<br /> written statement of any autharized agent of the Secretary dated subseyuent ro 60 days frnm tue dato hen�of,
<br /> declining to insure this Se�urity Instrument and the Note, shall be dacned concluslvo pmaf of such
<br /> ineligibility. Natwithscaading Wo foregofng. thls option may not be excrciscd by i:a�nder when the
<br /> unsvail�bilicy of insunacc is solely dua to I.cacltir's failure to remlt A mort�,age insurt�noa nrcmitun r:o�he
<br /> - �ecmuy.
<br /> 10. RdmG�te�meat. Borrower ha9 a right to be ninstated if Lender has rcq::iie�immoclieta p�yment in full
<br /> because of Boaower's fa3lun to pay an 8rnounc due under the Note or thia Securily Iastnuuont. Thia r[g1�t AAplies
<br /> �r�aflter fomloaure proceedtnBs are instituted. To ninstate the Saurlcy Iastr+w�ant,Sorrawor slidl tender in•
<br /> , lump aum all �unounts required to bring Borrower'�account curnnt including. u►che extcpt they ac�e obligulons of
<br /> ;, go��w�der this Securicy Instnunent,foreclosun costs aad reasonable and cuatoa��ary�twinoys'Cas aud eapenscs
<br /> ' praperly associ�ted with the foneclos�ue procoeding. Upon reinsuuement by Barrower,this Socuriry Inatrumaot and
<br /> _ the obligatiom that it secuns shall remain in ettxt es if Lender hed not res�uirod immodiatu paymoat in full.
<br /> i However. I.eador is not requit+od to pera�it reiastatement if: (i) Leuder has x:�tad rolnstntemmc �Rer tl►e
<br /> '� ��t of foreclosun procaedings within two years immaliately prxeding tlie couunt�oement of s aurreat
<br /> : forxlosure pmceeding. (ii) ccinstatcment will preclude foreclosure on dlffcrent gsnunds 1�� Ate fl�turo, or (ill)
<br /> i reinstatemeat will adversely affoct thc priority of the lien cnued by chla Socurlty inmument•
<br /> ; 11. Sorrowa'Not Rda�+ed; Focbaranc�By I�nde�'N� �W�iver. Bxtension of tha dme of prymeat or
<br /> ; modification of amortizatian of the sums secured by this Security Inswment gn�a►ed by L.endcx m any sucassor G►
<br /> intetesc of Botrawer shall not operate to nle�se the Ii�bility of the originil Ronowu or Iiorrower's sucassor ia
<br /> • iatereat.I,rndp�sh�ll not be requira!to commena p�ings against uiy succesr�crr in interest or nt�se to extend
<br /> � time for payment or othe�wiae modify smortization of�dc aums aecurod by this Sewti;�Ry Instnuncnt by reaaon of aay
<br /> z dem�nd made by tt�e original B��wer ar Borrower'6 succe+sors in intereat.Any�orbeuaaoo by I.,anda in exercising
<br /> � u►y dght or nmedy shall not be a waiver of or preclude the exercise of auy right or�modY•
<br /> � 12.Suoce�aa�nd As�dBm Bou�i Jotnt and Several L�WUtyi CoSigaer�. The oovanwnta aad a�t+ocmenta
<br /> of this Securiry Instmment shdl bind and benofit�ha successors uxi assiSns of I..en�er end 13orrower.subject to the
<br /> : pmviaions of parograph 9(b).Romower's wvenants and agroements shul be joint as�d scvcrnl. Any Barrow�r who
<br /> co.s;gm this Se�utty Iiutniuknt bat dces not eaecute the Note: (a)is casigning thi�5eavlty lnatcument only to
<br /> .. mortgage.gr�nt and convey that Borrower's incenst ia the Property undcr�he terms of Qiis 5t�c�uiry Instivment: (b)
<br /> � is not person�l�y obligatai to pay thc sums secured by this Security instrument; a►� (c)agines that 1.ender and�ny
<br /> othcr Borrower mnY agns tm extend. modifj�,forbear or make any acoommodatim�.*�v3th ngard to the terms of this
<br /> � Securlty Inatiument or tho Notc without[hat Horrower's coasent.
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