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<br /> (i)All or pan of the E*ropeny,or a br,ncficia!intcrost In a uust owning all or part of�he Propeny. is sold �
<br /> or otherwise transferred (other than by deviso or dtiaent),and
<br /> (if)The Property is not cecupied bl+ the putc!h.ASes or granta as his on c�r principal nsideace. or the
<br /> purchaur or grantee das :io occup�+ the Pto�+crt}� but his or her credit has nat ban approved ia _.
<br /> accordance with the requircments of the Secrets►xy.
<br /> (c)No Walrcr. If cie�umstances occur that woulsl pecr�it Lender to nquire imrmdiate paymernt in full. but
<br /> Lender does not require such payments,Lendcr dt►ts nm waive its rights with nspect to subsequent events.
<br /> (d) K������IUp Secretpry• !n many cimums�anc�s regulations issual by the Secntary will limit
<br /> I.�ndr,:'s rights, in the cue of payment�efaulta. ca ntaufre immediate paymeat ia full aad foreclose if not
<br /> paid.This Securiry Instrumrnt does ncic�utlx�riru ar�rieretion or foreclosure if not perailtted by regularions
<br /> of the Secretary.
<br /> (e)Matgaae Not Insuced.Borrower a+&rces th�c �f thls�Securiry Instrumen[and the Note an not deterniined
<br /> ro be eligible for insurance under thr Nadonal Hciusing Act within 60 days from the datc hereof, Lender
<br /> may, ac its option, require immedista payment in fnU of afl sums secured by this Secarity Insuument. A
<br /> written statemeat of any authoxiud agont of tho Se�crmnry dated subsequent to 60 days from tbe date hereof,
<br /> declining to insurc this Sauriry Ins�tntment a�c.1 tha Note, shall be deemed wnclusive proof of such
<br /> ineligibility. Notwithstancling the foregoing, thia opdon may not be exercisal by L.eader when the
<br /> unavailability of insurance f9 solely duc ta LeRCle�.r's failure to remit a mortgagc insuirance premiun►to the
<br /> Secn[ary.
<br /> 10. Reimtataneat. Bonower has a right to be minstmed if Lendcr has rtquirod immediate PaYmeat in full
<br /> becanse of Borrower's failure to pay an amount duc unclrc tUe Note or tbis Security Instrument. This right�rlies
<br /> even after foreclosure proaedings ue instimted. To roinsttae the �ecuriry L�suument, ikii��we� �:2 t°r.d..-r iss�
<br /> lump sum all amounts te9uired to bdng Bon:ower's a�ccou�at current including, to tde exteat they are obligations of
<br /> Bonower under this Security Insttument.foreclosure costs and nasonable and customary attomeys' fas and espenses
<br /> pmperly associatal with tho foreclasure pnx:�r,eding. Upora ceinstatement by Borrowcr,this Security Insuument and
<br /> the obliguions thut It secures shall remain in �Nect as if Lender had not required Immediue payment in full.
<br /> However, Leader is not required to pormit reinscacemeat if: (i) Lender has accoptod reinstatement after the
<br /> �ommencement of foreclosure pmceodings witbin two yca�rn lmmediately proceding the wmmeacement of a current
<br /> foreclosure p�ceeding, (1i) reinstateanent will prccludG farcclosure on differ�at gmunds in the fucure. or (iii)
<br /> c�instated�ent wiU adversely affxt tl�e prlority of tt�e licn crratod by this Secur[ty Insuument•
<br /> 11. Bonnwer Not Relcased;Forb�e By Lemdar Not a Watrer. Eatension of the tun of paycneRt or
<br /> modification of amoctiz�tion of the aums securcd by t�is Sanriry Instcument granted by Lender to any sucassor fa
<br /> incerest of Borrow�r sh�ll not opente to relaase che Ilataillry of the origlnal Burrower or Bomower's successor ia
<br /> interest.Lender shall uot be required co comrnence procee+dings against any succeuor in interest ar refuse to extead
<br /> timc for payment or otherwise modify amortiution of thc sums aecural by tlus 5ecurlry Instnuntnt by nason of any
<br /> d�,�ncl made by the origin�l Bomower or Borr.ower's suc�ors in interest.Any forbeazance by Lender in exerrising
<br /> any right or nmedy sh�ll not be a w�iver of or pnclude thrta cxercise of any right or remedy.
<br /> i�,Suo��Ora and,+�aslgas Bound;Joint And Sevr.r�l Ll�bility;Co,Sigaae. 'fhe covenants and agreemencs
<br /> of this Security Instniment sh�ll bind and bone6t thc suoc�essors and assigns of L.ender and Borrower. subject to the
<br /> provisions of puagraph 9(b). Burrower's w��enants aad agrcements shall be joint end several. Any Borrower who
<br /> co-signs this Security Insuvment 6ut das not execute thm Note: (a) is w-signing this Securiry Insuum�nt only to
<br /> mortgage. grant and convey that Borrower's interesc in th�Property under che tem�s of thia Socurity[nsuument: (b)
<br /> is not persoaally obligated to pay the sums sccural by ttiis 5ecurity Insuument; and(c)agrees that Lender and anY
<br /> other Borrower may agra to extend, modify, forbcar or m�ke eny accommatations with regard an the terms of this
<br /> Security Instntment or the Note without ihat Bnnower'a consent.
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