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<br /> °�� (i)All or art of the B p p�
<br /> p Property.or e beneftciat laterest ia a uust ownia all or art of the Pro rcy,is sold
<br /> �� or otherwise transfernd(other than by devlse or descent).and
<br /> ;�:�g (li) Tlia Property is aot occupled by t�e purchaser or geantes as his or ber princfpal residence,as tha �
<br /> � Y � purcheser or grantee doea so occupy the Property but hia or her credIe has not be�a appmved ia
<br /> ��,� accordence wltd the requlrements of the Secretary. L
<br />--' (c)No WAWer.If ctrcuinstances occur that would pern►it Lender to require immediate payment in full,but
<br />`�$ L.ender doea noi requice auch payments.Lender does not waive ita dghts wtth respect to subsequent events.
<br /> —= (d)RegWatlons ot HUD Secretary. Ia msu�yr circumstances rcgulations issued by the Secretary wUl limit
<br />� L.eader's ci�hts,in the caso of paytaent defaults, to requlre imrnediate payment in full and fore�lose lf not
<br /> �,..��' gaid.This Security Iasrivment dosa not authorize acceleratlon or foreclosure if noc perinitted by regulations
<br /> :�,'� � Of$i�SCCICtBty
<br />:_;'�� (e�Moatgag,e No�t Insuered.Bornawer agrees that if thia Secwity Iastnuaeat and the Note arc not detera�ned
<br /> w be eligible for iagurancs undQr the National Housing Act�vithin 60 days from the date hereof.I,ender
<br /> :��� may� at its optlaae. re4u{te imm�ediaze payment ia fall of all sums secuted by this Se�uriry Instrumeat. A
<br /> _�� wriuen staument of any sutkorized agent of the Secsetary dated subsequent to 60 days from the date hereof�
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<br /> declining ta insure tbis Security Insuument and the Note. shall be deemed conclusive proof of suc�
<br />--=_'_'-;�'� ineiigibiliry. Notw�thctanding ths foregoing, this ogtioa a�ay not be exercised by L.ender when the .
<br />-"5'� unavaitability of 3nsuraace is solely due to I.ender's failwre to remit a aiortgage insurance premium to the
<br /> �� Secretaty.
<br />-�� 10. R�temea� Borrower has a right to be n�instated if I.ender has requi�ed iminediate payment in fuU
<br />,_:���y bocause of Bornower's failure to pay au aatount due under the Note or thls Secutlty Insuuaient. '1l�is right epplies
<br />— - even after foreclosure praceedinge are inssImted• To reinstate t6e Security Insm�ment. Bamower shall tender in a
<br /> - iump sum a11 amounts required to bring Borrower's a�xount current including,to the e�cteat they are obllgadans of
<br />- Bomower under this Securtty Inst�ument.foreclosure costs aad reasonable and customary attorueys'fees smd expenses
<br /> pmperly associaud with the foreclosure pmoeedWg. Upon ninstatement by Bomower. dils SocurIty Insawnent and
<br /> the obltgations that it secures sLall remain in effect as if Lender had aot required ima�ed[eu payment in full.
<br /> IIIow�ver. Leader is not nquiad to permit reinstatement if: (!) Lender has axepud ninstateirunt efter the
<br /> �eass�xm�t af f�losur_+Fr�'?p�lings wirhiu cwo years immedisulY P�B the commencement of a aureat
<br /> -- - fozeclasure pfvoeediug,.(i� reinstatemeat wIU pxCclude fonclosure oa different grouttds in the futum, ar (iit) -
<br /> _ re�.assatemeat�wUl adveraeiy effect the prloriry of ehe 1len cnated by thi�Se�urltY tastmment.
<br /> -- 11.�Botraw��N'Qt Released3 lRorbesrance BY Lendea Nt►t u WiQ[ver. Extension of the time of payment or
<br /> = modifica8ot�of.atnorl�ttafla�t of the$ums 5ecured by this Securit,�Inst�uan�nt graaud by I.eader w eay sucaessor ln
<br /> � ', inDerest of Borrowu sliail.rfot operaus to release the liability of the origlnal Borrower or Borrower's snccGSSOr in
<br /> --- interest. T.eader shaU not be nqulred to oommence proscedings agaiast eny sucassor in inte�+est or retl�se ta'exund
<br /> —.— ��� time for payaaent or otherwise modify amortization of the sums saured by this Secnrity Insuument by reason of any
<br /> demaud made by the original Borrower or Borrawer's sucxxssozs in interest.Any forbearance by I.ender in eaercising
<br /> , a�r right or�y shall aot be a waiver of or greclude the exercise of any dght or remedy.
<br /> . . 12. S�ors and As�Baunsl;JoiM�d Severol Idabilityi Co-Signera.The coveaants and agrxments
<br /> � of chis Saudty Iastniment�sl�al�bind ansl b�nefit the,suoassors aad assigas of Leadcr aad Borrower.subjoci w the
<br /> -- ' <' . �ravislans of garagragh 4tD). BorrQrrer's eoerenaass sas!���IsaU be jofnt an�several. Any Bomower who
<br /> - ' oo-signs thia Secudty Instrument butdoss not exaute the Nota:�(a)is oo-slgnfng tIIis Saurity Insuument only w
<br /> -- � mortgaget,�8raat and ooav�y that Bo:rqwir's interest in the Property lmder the termv of this Secuttty lasuumem�(b)
<br /> ---".. . '•da not patsonaUy obligated to pay the suats secured by this Sxutity tnst�um�nt;aad(c)agroq tl�at I�end�;and any
<br /> _ uther$orrower may agree W eatend,modifY.forbe�r or make aay aocommodedons aith reg,atd to the.terras'of this
<br /> ' �Security Inauumesit or the Note althout that Bomower's wnsent. :
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