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<br /> �, ,,,.�+ (i)All ar part of ihe Property,or a bcncficial interest in a wst owning all or pan ot thc Property,is sold or .� '.. �.��'
<br /> � otherwise transferred(other than by devise or descent),and �`�L{x''`�J���::����ir;.�
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<br /> ; u 'Ihe Pro is not occu ied b the urchaser or antee as his or her ruici al residence. or the ., ,' e'�''�`�
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<br /> purchaser or grantee docs so occupy the Property but his or her credit has not be�n approved in accardance ' -''�"':�_t�.-.,:._.--
<br /> , with the requirements of the Secretary, �i��_`��'-°"""-.�T
<br /> (c)Na Ws�tver. If circumstances occur ihat waWd permit Lender to require immediate payment in fuU,but • �';�'rt:�:'-}=�-°
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<br /> � I.ender does not requue such payments,I.ender does not waive its rights with respect to subsequent evenu. ''"';S�F::::,_:
<br /> '' (d) Regulatlons ol+HUD Secretary. In many circumstances regularions issued by the Secretary will limit �•�'`:�'�':•`+�;�;7��
<br /> � , .:�� Lender's righis,in the case of payment defaults,to rcquire immediate payment in fuU end foreclose if not paid. � ';�'�:�;.:;�?'-�
<br /> �'�, �'� This Security Tnstrument does not autharize acceleration or foreclosure if not pertniued by regulations of the �`h�',y�{-
<br /> .�,�� Secretacy. ';�
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<br /> (e)Mortgage Not Insured.Bonowcr agrces ihat if this Security Instrument and the Note arc not dctcrmined to �3.'""�.�,.
<br /> be clibible for insurance undcr the National Housing Act within 60 days from the date hcrcof.Lcrtder may.at �.:�
<br /> its option, require immediate paymcnt in fuA of all sums secured by this Security Instnuncnt� A written y��: ,
<br /> statcment of any suthorized agent of the Secretary dated subsequcnt to 60 days from thc datc hcreof,declining ,�:
<br /> to insurc this Sccurity Instrumcnt and the Note, shaU be dcemed conclusive praof ot such incligibility. ''��'�•'
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<br /> . Notwfthstanding thc forcgoing, this op6on may nol bc excrciscd by Lcndcr whcn tlic unavailabiliry of z----
<br /> insurencc is solcly duc to l.cndcr's failurc to rcmit a mortgagc insurancc prcmium w thc Sccrcuuy. --
<br /> 10.Rei�stAtement.Barrowcr has a right ta hc reinstatcd ii Lcndcr has rcquircd immcdiutc paymcnt in fuA bccuusc -� =
<br /> � af Horrowcr's fallurc to pay an amount duc undcr thc Notc or this Sccurity Inswmcn�This right applics cvcn aftcr ,
<br /> foreclosurc procccdings erc institutcd. To rcinstatc thc Sccurity Instrament, Borrowcr shell tcndcr in a lump sum all
<br /> , amauni�rcquirtd io bring Basra�cs's xcauni surrcnt iacluCing�to s�e extes:t�Se�sre obligsLOns of Ho:r���r nnler �` _
<br /> this Security Instrumenb foreclosure costs and reasonable and cuswmary auomeys' fees end expenses properly e!
<br /> associated wtth thc foroclosure proceeding. Upon reinstatement by Borrower, this Security instrument and the .,,� �
<br /> obligations that it sccures shall rcmain in cffcct as if Lender had not rcqu'ued immediate paymcnt in full.However, �-,��--
<br /> Lender is not required to permit reinstatement it: (i) Lender has accepted rei�statement after the comn�encement of E,-
<br /> foreclosure proceedings withln two years immediately preceding the commencement of a current foroclosare te'�.----
<br /> procerding, (u) reinstatement will preclude foreclosure on different grounds in the future, or(iii)reinstatement will E_�:
<br /> apversely affect the pdority of the llcn crcated by this Securiry InstrumenG r.� ,
<br /> � : � 11. Borrower Not Rekased; Forbearaace By Leader Not a WAiver. Extension of Ihe timc of payment or _
<br /> - modificatio�of amortizadon of the sums secured by this Security Instrument granted by Lender w any successor in '
<br /> enterest of Barrower shall not operate to release the lisxbility of thc original Boaowcr or Bonower's successor in interes� �,:_
<br /> � l.endet shal!not be required to cammence procecdings against a��y successor in interest or refus�e to extend time for F�
<br /> � ' payment or otherwise modify amorpzadon of tfie sums secured by this Security Insbrument by reason of any demand F':,
<br />_+5,�,, . made by the original Borrowcr or Borrower's successors in interesG Any forbearance by Lender in exercising any right �',;
<br /> or remedy shall not be a waiver of or preclude the exercise of any dght or remedy. E,;
<br /> r 12.Successors and Assigns Bound;Joint and Several Liability;Co-Signers.The covenants and agreements of �;=:
<br />_ • this Security Instrument shall bind and benefit the successors and assigns of L.ender and Borrower, subject to the �y^,,.
<br /> ';�" ,�' . , provisions of paragraph 9(h). Bonower's covsnants and agrecments shall be joint and seve�ai. My Bonower who
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