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<br /> 9�- i�4369
<br /> (i)All or pazt of the Properxy,or a beneCcial lnter�st in a uust owning all or part of tho Proparty.Es sold or
<br /> otherwisc transferrcd(othu than by devises or desccnt),and
<br /> (il)The Property is not occupied by the purchaser or grantse as his or her principal residence, or the
<br /> purchaser or granSee does so occupy the Property but his on c�r credit has not been approved in accordance
<br /> rvi�h the requirement,of the Secretary.
<br /> (e)No WAiver, if circumstances occur th�t would permit I..ender to require immcdiate paymel►t in full, but
<br />- Lr,ndcr does not require such payments,I.cndcr does not waive its rights with re,.�pect to subsequent cvcnts.
<br />._ (dl Re�ulstbna of HiJD Secrebry. In many circumstences regulations i�sued by the Sec�etary wiU Wrut
<br /> i.r.nder's dghts,in We caso of payment defaul�9,to requiro immedlate payment in fuU and foreclose if not paid.
<br /> 7:T�ns Security Instrument does not anthoriu acceleradon or foreclosure if not permiucd by regulations of�he
<br /> �ya�etaryr,
<br /> (e�Mort�ate Not Insured.Bocrower egrees that if this Securiry Instnurxnt�nd the Note aze not determined to
<br /> i�a eligii�le for u�sur�ico undcr tho National Housing Act within 60 days from the date her�f�Lenda may,at
<br /> i�u opaon, roquire immodiate payment in full of all sums secured by this Seciuity Inswmen� A wriqen
<br /> sq�tcment of any authorizod agent of the Secrctary dated subsequent to 60 daya fmm the date heroof.declining
<br /> t4 insura thLv Security Instcument and the Note, shall be doertkd co��clusive proof of such ineligibility.
<br /> Notwlthstanding tho foregoing, this optian �t�ay not be excrcisod by L.encler when the unavrulability of
<br /> insurance is solely due to Lender's failure tp r�emit a martgegc insurance premium to the Sccretary.
<br /> 1t�_l�tiostatement.Barowu has a dght w be reinstaled if I�endu has requicod immedlate payment in fuU becausa
<br /> of H�cxmvu�x's faUure w pay an artaunt due onder th�e Note a this Securlty InswmenG 'IhLs r3ght aEpties evcn after
<br /> fanxlu�:ue procoedings a[o instiWted.To reinstate Ihe Sociulty Instrurt�u�t,Borrowu shall tender in a lump sum all
<br /> amounn requirod ca bring Borrower's axoant c�unat inclading.to the eatent tluy are obligebions�f Borrowa under
<br /> thiia �c:urity Insuunxnt, faecbsvrc costs end reasonwbk and customary attancys' fces and exP�� ProP�IY
<br /> a;sc�.�� � L`►� fcnc�,i-uo�c Niw;eouu,g. L'�� iu�i�iaic�c��i oy Bcxmwa, iius �ecuriry iuswma�t � the
<br /> obligntru�s that it sx��rw shall nem�in in ef�'xt av if I.�aulex�had not required immedlate payment in full. Howeva.
<br /> . Lcadesr�S not roquiced w parnit ninstataneat if: (l) Lender has accepta!rein�utament afta�tho commencement of
<br /> forar.loa�n pcocoedings within two years immediate]Y p�x,edin8 the aHnnxnceanent of a cumnt foroclosiue
<br /> , proc.eodin8,(ri)reinstatanent will procludo faocbs�c,e on different�row�ds in the futurc,or (ui)rei�ut�tenxnt wlll
<br /> , advotetiy�ft'ect the priairy of the lien cr�ted by this Socurity Instrument
<br /> , it. Barnower Not RekMed; Forbeuraooe By I.endor Not a Waiver. fixtension of the timc of paymei►t or
<br /> . madil'�:ation of arrarti�ation of the sum�securod by this Security Inatromau grantod by Lenda to any successor in
<br /> ; intateat of Barorva shall not opeiatc to rekase the liabiliry of thc original Borrower ar Barower's succes9or in intaesG
<br /> Land'ur stWl not be requirod w commenoe procoodings�gainst any succesaa in int�rest or refusa to eatet�d tut�e fot
<br /> paymont or otl�wiso modify anortizsBon of the sums exiuod by thu Security insawncnt by reason of any demand
<br /> - mndo by the aeigitul Borrowa a Bannoivex's st�s�s in int�st My fotbearHnx by I.eneki s�eacucising my right
<br /> �, or rtrnody aluiU not be a waiva of or preclude the eaccxcix of aay right a remody.
<br /> 11.SuooeMO�y wd A�es Bouad;Joiot asd Sever�l Ll�bilityi CaSitoen.'Ilic covetwnts and agroanents of
<br /> , thia SoGUity Instnunent shall bind ana baufii the suocessocs and assIgn� of Lenda and Hamower. snbject to the
<br /> .. P'pvlsions of P�+6�Ph 9(b�. BamMa's covenents and�goeanentv shall be joint en�l sove�at. My Bomower w1w
<br /> : caasignt d�is Sacurity Insuuma�t but does not execute the Nou: (a) is co-sig�ing �hls Security Insuument only to
<br /> �• mattgage.Btant and convoy that Borrowa's intaest In the Property unda thc tc:ms of this Security Instrument;(b)is
<br /> � not P��Y�li8��I�Y tbe�uns socured by Ihis Security Inst�uma�t;uad(c)agroes that i.ea�da and�ny othar
<br /> �. BoROwer auy agroe w extcad,modify.forbcar a maice any ecaxnmodations w��h regecd w tbe tams of lhis Secnrity
<br /> Ietxrumatt ur the Note without that Barowu's consent
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