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<br /> 97- 10�'14f,
<br /> p)AU or part of thee Property,or a beneficial interest in a uust owning alI or part of thee Property,is aold or
<br /> otherwise uaatiferred(oth�er thui by deviae or descent),swd —
<br /> (ii) The Property is �wt occupied by �he purchuer or �rantee as hia or her princip�l residenco, or dx
<br /> purchaser or Qrantee does so occupy the Property but his or her credit has not beea approved in accordance
<br /> whh the nquirement�of the Secretary.
<br /> (c) No Watver. Ii ckcumstances accur that would permtt I.ender to require immediau payment in ti�ll. but
<br /> Lender does aot require auch pa}m�enta,Lendar doea iwt waive Ita righta with reapect to eubsequeut events.
<br />� (d) Regulwtfo�a ot HUD Secretary. In mwy circwnstances re�uladoas issued by t4e Secretary wW limit
<br /> L.ender'a dghts.In the case of payment defaults.to require imntodiate payment in tWl and foreclose if not paid.
<br /> '[bia Securiry Ia�avmeat doea aot autl�oriu xceleradon or foreclosure if rnot permiued by re�uladoas of the
<br />� Sar.mtuy. .
<br /> {n)M�xt�age Not I�ured.Bonower agnes th�t if this Securiry Iasmiment and the Note are aot deunnined ta
<br /> brz alfg�'ble for insuraace under tbe Nadon�l Houaiag Act within 60 day�from We dau l�reof,Lender may,at
<br /> itn opdon. nquire immediau paymenc in fiill of al.l awns aecured by this Security Insuumcnt. A w�Itten
<br /> str�rinaent of any authorized agcnt of the Secretary dated aubsequent to 60 daya trom the date hereof.decllning
<br />�:�� tn i����se thle SecurIty lnstnunent and tlu Note. shall be deemed conciusive pro��of auch ineGgibility.
<br />-..j Mir;r.�;idatanding the foregotng, thi: opdon may not be exerciaed by L.eader wbr,». the uaavailability of
<br /> ' ,Sr�eurr�ace is solely due to I.encter'a failure w remit a mortgage inauraace premium w tt�Secretuy.
<br /> ' 10.Retr►ttateme►�t.. f{oxxower has A r�ght to be reuutated if I.ender haa required immedIate piymnt in ti�ll becauae
<br /> of Borrower's fallure m �scy an amount due uader the Note or tl�iis SecurIry Iastrument.This riyht appHa avea aRer
<br /> fonclosum prncceding� a�'e 9usdtuted. To reintitate tho Securlry (nstnam�nt, Borrower ahaU tender in a lusnp aum all
<br /> anwunts nsr�}�i�'csl to brin� Borrower's account current includiug,rrr s:tu extent they are obti�uaons af Borrower uader
<br /> : this Sxurity iast�meat. tarecloaure co=u aad �ea�n�ble and customary aaomeya' fees and expense: properly
<br /> flS30CIAkd WItA it1C EQ[YJG!'i9'1[C piroceedjng. Upon� ►:+�imtatemetu by Bonower. thfa Securiry In�trument u�d the
<br /> �oDligations that It savYr.a r;�all rem�in in aff'ixt ar.ir 4�nder t�ad not requlred immediau payment ia full. Hvwevor,
<br /> l,ender is na required to permit rei�istat�menr if: r) �nder haa acccpted reia�tatement after the wmmencemeat of
<br /> �.'�. foreclosure +psoceedinga within two ��.^nTS Immediately preceding tbe comnencement oY. a curren[ foreclosure
<br /> . proceoding. �(ii) ninstaument wUl preclude foreclaaure on diftennt grounds in the tuture.�r(lii) reinstatement will
<br /> advenely�ect tl�e pdorlty of t�e lien cn�ted by thit Sa,�urlty Instiument.
<br /> � 11. Borrowsr N�t Rekased; Forbcarance By Lender Na n W�ivu. Exsen�ion of the time of payraent or
<br /> C- modlti�tiarn of amocdzation of tl�e sums aecured try thta Secur[ty Lutn�nent grurted by Lender to�ny successor in
<br /> '�" �nterat af Dvrrower thall not operate to release tUe liability of the or��iaal Borrower or Borrower'�auccestor Ia intereat.
<br /> � Lender sbap not be required to commence proceedie�a agatust u►y succeswr in interest or reflue w exrend dme for
<br /> a; paymeat or at6erwi�e nwdtfy amocti�adon of tl�e�ums secured by thii Security Insuument by nasou of any deipaod
<br /> made by the oriYiaal Boirower or Borrower'i succa:on In interest.My forbearaace by Lecder in exerct�io6 any rlght
<br /> : • aT remedy ahill not be a waiver of or preclode the exerciae oP u►y ri;ht or remedy.
<br /> 12.Stxcwors u►d At�t�nt Baund; Joint and Several LhbWty; Co,Sl�nen.Ti�e cove.�ants aud a�rcement�of
<br /> «` ' U�L Securiry Insttument �hall bind aAd bone6t tbe aucce:mrs �od aaaipu of Lender And Horrowor. tubject to the
<br /> provisioaa of pua�raph 9(b). Borrower'a covenuua and a�eements shall be Joint aad sevetai.�1ny Borcower who
<br /> - co-si�m this Sesuriry In�uument but doea mt extcute the Note: (a) i� co-aigar.qg thi� Securiry Instn�menc uNy to
<br /> mortgue.gnnt uid convey that Bunower•a intereat in the Propeny�ader tl�e urme of thie Securiry la�uumeiu; (b)ta
<br /> � not pertonally obligatod to pay the sutns aecured by thia Sxurlty Inauumeat;and(c)a�roes that I.�ader and aay other
<br /> Borrower may agree to extend,modity� forbeu or make any accomuada6ons with regard w the ternu of tl�i�5ecurtry
<br /> ' Insuvmeat or the Note without that Borrower'e con�ent.
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