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<br /> -, (i)AIl or part of the lProperty,o�r n beneflci�l lnteresa la c�tru�t owaing nll or part of the Prnperty,ia sold
<br /> or othctwise transferred(other thaa by deviae or dcscent).cu�d
<br /> '`,°�� <fi)Tka�apeety ta aot o,;cu�EeQ by tho purthascr ar grAr�ta�h!s or her grInsipel resiAenco,or tde _
<br /> �'. � �urchaser or grnntee does so oxupy the Pmperty but hlu or her credit bAS not been approved in
<br /> -�"�`r'i sccardance�v,d�t�e reQuisemants oi We Secretary. `
<br />•-.J���-� (c)No Wafver.It circumstances�ocur that would per�ait Leader ta recyttise imraediate payaaeat ia fWl.but
<br /> -�� Leader daa n�ot require such paymenta.Lender does not wuive eta dAhta wltb respect to enbsequent events.
<br /> (d) RegWaHau�oi HUD 5ece�etor�r.In maqy cim,umstances uegulations lsratud by the Secretary wIU limit
<br /> f°r'� Lender's dg!►.ts.ta the case of payfneat defaults.to require faun�diate puymeat in ft�lt aud foreclose if not
<br /> r,�,, paid.This Sesurtty Insttument does not autho�3ze a�a�eleratiom or foreclasur�if.not permIt�ed by r�gulationa
<br />�::�'�� of the Secreuuy.
<br /> `'� � (e)Mort g a g e N ot I m s u r e d.Bo r rower a g r e e s that if thts Secuci ry Instrument and the Note aaR uat determinod
<br />��:�� to be eligt6te for inmuaacs under the Nationai HousinB Act within 60 days from the dau:hareof,Leader
<br /> ��.�"� may.at its epdoA� �luir�a tumrnednau payalent in full�of.�at1:sums secured by this Securlry Insuuanes�t.A
<br /> --_-.�, written stauazent r�f.any auWmzized�agent of the Secr+�tnry�datred subsequent to 60 days from ttce date hereof,
<br />--_.°„�;�, declintng m fylsuse� d►!s aeauri�l �usttument and c�e Norn. shall De d�x�ed ooacivaive proof of auch
<br /> -,,,-��� ineligibility. Notvuithsta,vdiug t�m fas�ain�, tDis opdon may aot De e�cercised by Leader whr.n the
<br /> =�';;;� unavailabilIry of 9nsuran¢e is s�olely dus ta Iumder•s faii�a3e to remit a mnatgage iasurauce promium to the
<br /> �-;'':'� � 10.Reinstat�ent. �orrower has s r3ghF m 6e reinstated if L,eader has required imra�d3sto payraent ia full
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<br /> _„— . . . '�ecaus�of Borcower's fatlnra to 8ay�an�.enan►tnt du�u1Wer the Note or thia Seau[ty lnstmmeut.This r�ght applies .
<br /> -_�,,,� �even after foreclosure proc�edings are ina�aited. Tio reinstate tne Securiry Insaum�nt, Barnower shail tend�r in a
<br /> -= �ump suaa alt amounts required w br3�og iiaicoarer's a000unt cunent inr.luding. to tf�c exreat they are obligadmr.s of
<br />- Bormwer under this Secu�ity Insuuni�r.;.fi'r�clesnre oosts aud RasonaDie and cUSwmary attoraeys'fces and axg�enses
<br />_-..:.�� Pi'o1�rly associated wIW the foreclosw?��moccoding. Upon reinstatemeflt Dy Bornower,this Sacaerlty Insuumeat and
<br /> — the abligatioa4 tbat it socures sfiall remain in effect as lf L�dcr had uot requL�ed immed'eate payment in fiill.
<br /> --1 ,�� How�ver. Leader is not reqnired to permit reh2�.�r�temea3 if: (i) I�ecder bas aocepted reinstatcmeat after ths
<br /> _—_- oommeaament of foa�lostue pmceedings wlthia r;ro yzaza immediately precodiag the com�:nt of a e�eat
<br /> _._._�: • forxlosnre procxediug. (�6) �einstetement wll! p��s2ade foseclosure oa d'siferant gnmsnds ia tt�e fim�. or (iif)
<br /> - ninstatrment wW adversaly�fxt the prIarity of the llen crea..�scl by this Secudty Insmiment.
<br /> 11.Bore+uwa Noi Ite�cased;F�x�'eance Hy I.ahder Not a Watver. Bxtension of the ti�of payment or
<br /> --��, . , modific�tion of amordratian of the sua�ss�und b�+tbis Securlry Insorume�granted hy I�der to aqY sucassor ia
<br /> . � inunsc of Borrower sLall not apcsatti to relaase t�e li�bfll3y of the orlginal Bornower or Borrod(ie�'s sac�.as�r in
<br /> inienst.Lendet shAU aaI fie t�oqttita3 to cuxnmenoe P�Sg a8sinst erry sucaes.gor!a iaterest or t�efit�e:80�¢zmd
<br /> � • time fo=payment or othn�arlae modi�►:amo�d�tion of the sums sewial iry this Securiry Insuumstt�te�s�oq any
<br /> deman�madZ by the arlginal�Ho�rmw�r or�otr�wer's suoassots la in2eresc.An}r forbcar.�oe bY �r in d�eaclsing
<br /> __ .� � a�►rlg�t or nmidy shaU not�p a waiver af or pnclude the exercise of acry right or rtm�edy. ��
<br /> -- 12.Suoc�ssota und Assl�ps Bouna;Joint aud SS�verat Li�hflity:CoSt�nus.The oovenants$nd agr�eate
<br /> - of this Sxuxi,ry Inauumem sboll biad aad b�eaeflt t�successors and assigns of Lcnsler aad Bormwer.�bject to thB
<br /> . - �+rc+vls[on.e ef..pmagr�gh 4tb).Borrowet'�4ovenaats a14d agramenis s�all be 3oint and several.•Airy�orcvwer who
<br /> oo-signs this.S�uity Instn�meut but dcea not oxecuu the Note: (a)Ls oo-sign[ng this SecurIty'Iastrument only W
<br /> _. mortgage,�iint aad comey that Ao�crower'a�ataest in the Property nnder tha terms of t63s SeaazIay��josuument:(b)
<br /> -- -�. is not ptrsoi�illty obligated to pay the sums sxused by thts Security Insuument;and(c)a�rees that Iender anat any
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<br />=;.�;��; :'� oftier Rnxlar�ar may agra w eatend.modifY.forbear ar makx aay axommodations with regjard to tQe ternq9 a�8 this
<br /> -"�a'�•�;•. ' S�iauity Iitsa+iment or tIIe Nou w[thou4 tba2 Borrower's oonsent. ,
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