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<br /> ; ". � t�)Ali or psrt of the Property,or a beneficlal interes[in a nust ow�ng aU or pan of the Propeny.is sold -:;`:;
<br /> . :, :- .•_� or othem►ist t�ntfeired(otl:et taan by devjse or descent).anci •
<br /> .,;.,...,.'•:,.. {ii3 The Pmpecty is nnt oaupied by the pu�haser ar grantee aa his or her principa]iesidence.os the `
<br /> . gurchx,�r or grantee doe3 sQ acxupy the Praperty 6ut Lis or her credit has nat been approved ia '�' �>.
<br /> �<.`,� nac�idanoe a+ith the neqt�nts of the Secretary. '
<br />-- �'..-�,'�':: (c)No�'t►iver.[f cir�auauanoes occur that woWd permit Leader w require Immediaze�aysaem in full.but
<br /> -- - _--- l�er�nflt n�quue snsh paymeats,l.ender dfles not waive its rights witl�respect w suhs�queat eve�.
<br /> , -- - (d)Regulatioas of HUD S�aret�►ry.ln many circnmsraaces iegulations issued by the Secce�ary arill limit
<br /> � � I�erste3r's rights.in tLe case of payment def�Its,to teyvite immediate payment in fuU and foieclose if not
<br />_:.,;�.. -_ ; . � paid 74us Sewrity Iusa�meat does not antharire aooeleration or foreclosure if not permitted by�guiarions
<br /> -._ of the Searer�vy. r F sy.'
<br /> , .. �;..'� te)Mortgage Nut IoLm¢d.Bonower ag�ees tbat if thls Securiiyr Iastcament aad the Note aze uat determiaed {r�.:
<br /> . . ..;,x; w 1�etigi'ble for insivance under the National Nousiug tkca a�ithin 60 days frosa the dare hereof, Icader � =°
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<br /> ' . =� , may,az its uption, �ure imm�diate payment in fuII of aIE sums secuscd by t��cvriry I m nt p
<br /> . " ' ���� �; :� ' ; written statement of azry authorized agent of the S�dazed subsequent to 60 days Srom t6e date 8ezeof,
<br /> - �� - doclining to instue this Secvrity InssrameRt �d the Note, shall be dcemed consIvsive piaof of stuh - �
<br /> �- .`4•-�;;: inel�gib7it5►. Notwitbsttanding the fa�oiag, this aption may nat 6e eaereissed Dy I�adc�t ar�a the
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<br /> � aaava�ab�7ity of insuiance is so2ely due.w Leader's�to remit a mortgage insurance pc�ntum w the
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<br /> .. . . � •-:_ 10.Beiasietca►�t* Bosower�as a right to 6e reiasta�if Leader ha�requued i�aediate paymcut ia fuA `` ��
<br /> , . . _� . :,� because of Bormwer's fa�ute w an ammmt dne under the Note or cLis S'ecurity Insaament.This cc hes t.^�
<br /> � PaY ���P� �
<br /> ; � . `'�Y even aRer forecIosu�gcac�edings aze instituted.To reins�ate the SecutitSr i���, Botrowet sball teader in a :
<br /> � - ' _ lump sum all:amuvnt��,i�red w briag Borsoarer's acaount csircent iacludi�..,e�t$e eatent they are obli,�atioag of , �=-
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<br /> . .��.��.::' Bomower und�r tf�s 5�:y Insavment,forectosure oosts aad r�nabte aad castamary stwms.ys'fees aad expease.s 'a�
<br /> � • �';��'. " pmpedy��witb the foreclosure pmceedin�. Upon reiu�anent by Bnrmwer,tbis sez.iuiry Inswiaent aad � .�.:
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<br /> � ,?'."• • t11C O�iJ�Vri4 tll2t �� SfCi1T@S 3�1 tCIIk'tII1 1D CffCC� 8S If�£r� QOt ICQ111ICd �9�7.'ite�dylII20L �II fIIu. ., �,.�5;
<br /> --. : � �- However: Lender is not required co permit �atement i� (7 l.ender has accepted reiastatetue� akter the . "�'�y,
<br /> .-.�;�� oomme�ment of foreclosure pro�edings aridun t�a y�ss immediazety precediag the oommeQcempnc of�current :.' � .��;.
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<br /> , { fo�osuse �+oceeding, (t� �einsrateemeent wU p:eclude fozaetarazre on different grouuds %u,r��funue; or (iiiy :, � �'
<br /> _ ,_F , refnsta�.p^�^z w�l advelsely affect the priarity of the liea creat�ilm�'�Ls Seauity Insuument. : :' �� -
<br /> ., � .
<br /> + � ii.�$o'rmwer Not Reteased; ForDearaace By Lendes!�ivt;�Waiver. Extension og t�;time of payment or f , �'.. i`
<br /> ., . �b�'��;�.. ���,;`:. modification of amon�nn of the suma secured by this;Sepuitj+Yasaument gtanted by L�to aag suc�essor in . s
<br /> p"'�''�` ,�%S%:. interest of Borrower.�i iaat opeiate to tetease�.'r�:1�b,�•of We original Borrower or fio,smwer's stcscessor in '
<br /> �}�I�,' t �, : =-
<br /> � r '` ;}_' � :� intetest.l.ca4eF shall narbe ieqnir�dl tm oommen�giraq���against any successor in int'e�:.sor refuse to extend ,.,::�.. ,.
<br /> -,,;r,�. , time for�i�:nt ar otherwise modi�jt aur�caizat€o�a¢L.�the sums secured by this Secu:iry 1a�t bY reason of any ' �.�i.
<br /> .. • demaad mar�e by the origlnal Bo:rowei or$orroc���s successors in interest.Aay forbearaftce tiy Lender ia este�ising
<br /> nal ra.t
<br />- - --- -, -.--- ` atry rigt�t ar reme8y sha11 not be a waiver of or piecluc7�the eaercise of any riglx ar retnedy. �`,'���
<br /> � "� , 12.Succeasois and Assig�s Bo�d:Joirrt�!Sev�al Liabflity:Co�Sigaezs.'Fhe c4veaants and agreementa �'��
<br /> � , � � �":'::; � of this Secu4ity insw�ent shaU bind aad benefit t�iesuscessors and assigns of Lender and Borrower,subject to the "`
<br />- . . •, pmvisioi���.P�B�Pb 9(b).Borrower's cavenants aad agieements shall be joint aud several. Auy Batrower who �f�.�-
<br /> ' co-signs t#�is.Seauity Insuument but does aot execute the Note: (a)is co-s�gning tbis Secnr�ry�nstrument on�y to � E
<br /> .�.,, �-�-
<br /> ;,,,,�,�.., � . mortgage.grant and qat�vey that Bormwer's interese in the Property uader the ter�s of this Secarity insnvmeat;(b) ;«,.
<br /> �=�`i�.,�:::, is aot personalty obtigated io,PaY the sums secure��}+this Sec�ritv Iastrument;and(c)agrees tIIai Lender aa0 a�+
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<br /> ,;�;,. other Bonower may agrae�t�extend,mudify.forbza�or make a�►aa�mmadations with regard to the terms of this , " ,_
<br /> . • Security Instrument or the Note witEfar�:r3�at Bonower's consene.,
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