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<br /> (i)A11 or part of the Properry.o:a benet3cfal Interest in a trust owning all or part of the1Pco�pe��s��oid F'
<br /> � or otheiwise uansfercod(other than by d�vlse ar desceat),azcd
<br /> (ii)'The Prnpeny is n�tt oCcupieA by the purchaser or�rantee as h[s or her principal residence,or the �
<br /> ` purchaser or granue daas so occttpy the Property but lila or der cre�it has Aot been approved in -
<br /> � Eocot�danra with the rcquiiemeata of.ttte Se�ctetary.
<br />_ (c)No Watver. IP clrcumstaaces occur thst would pemait Lender to require immediate payment ia tl�ll, but
<br /> �i Lender does aot require such paymenta,Lender doea aot waive its rIghta with nspect to subsequenc eveats. _
<br /> � (c�RegWattons oi H[JD Socntaegr.Ia many cIrcumstancea regulatioas issued by the Secretary will liaait
<br />_,
<br /> �� L,eader's rtgIIts,ln the case of payment defaults, to require immedlate payment in full and foreclose if aot
<br /> - paid.T6in S�CUrity Insuument does not awhorize acceleration or foreclosure if not pern�itted by regulattons
<br />—= of the Secs�ta•ry.
<br />� (e)Mortgage t�iot Iwsured.Borrower agrees that if this Setutlty Iaspvment aad the Note are not determined
<br /> to be eUgtble for iasuranee under the Nattonal Housing Act within 60 days frnm the date hereof. Lender
<br />— may� at its option. requiln fu4mediate payment ia full of all sums secured by Wis Srcuriry lnstrument. A
<br /> cvxdEten statGment of any authorized�agent of the Secretaty dated subsequent to 60 dqys from t6e d4te hereof,
<br />— dreliniag ta insura thfs Secnrhy Insarum�i aztd the Note. shatl tre deemed conclusive pnoof of such �-
<br /> imelig€bility. Notarlthstandiag the foregair.,,g, tbLq op2ion may not tie e�cercised by I.ender when the
<br /> �availsbility of insuranoe is solely due em d.eader's fai4vne to remit a mortgsige insuraace premium to the
<br />-- ��. _
<br /> 10. Reinstatem�ut. Barmwer has a right t��2 ninstated if Lead�r has t+equired immedlate payment in full
<br />— ba�ausa of Bormwer's failnre to pay an annouaE d{�W¢ qader the Note or this SecurIty Insuument. This rIght applies -
<br /> even aRer forcclosore praxediags are institutec�. ao reinstate the Secuiity Instcument, Borrower shat! teader in a
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