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<br /> � (i)All or purt of the Property�or a beaefi�iai inurest!n n trust ownfng�ll ar pnit of the Properry.ls sald
<br /> or othecwise tranafernd(other Wnn by devlso or desc�nt)�and
<br />��T?'� (i!)The Property ia not occupled by tho purcheaer or grnntea as hia or her principal reafdence. or the
<br /> °-,: "' purch�er ar geantee do:.a so occupy t&c Feop:.eiy but 6ia or hee credit bas aot b�en approved ia
<br />�°�'�•�' accordaax with the requicements of the SecrEtary.
<br /> `�--,.��� (c)No Wafver.If clrcumstauces occur that would perralt Lender to require tarmediate payment in tbil�but
<br /> =_--�� Lender doa aot require such payments.l.ender does not waive its dghts with tespect to subsequent eventa.
<br />__"�� (�p lteguiattons of HUD Secretary. In many circumstaaces regulations issued by the Secretary will limit
<br /> � �� I,ender's dghta�ln the case of paymeat defaults. to require immedtate payment in fWl aad foreclose if not
<br />- ��" paid. Thio Seciulry Insuument doea not authorize uxeleratioa or foreclosure If aot pertsoiaed by regulattons -
<br />=:;`,��::,: of the Secretary.
<br /> ' (e)Mortgage No!Iusw+ed.Bonower agrees that if this Securiry Iasuument aad the Note arc not deterdilned
<br /> -� -,i to be eligible for inaurance wider tbe Nadonal Housing Act withla 60 daya from the date hereof, L�ender
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<br />�.'..:�s�r:�; may. at Ita option� retluire Immediate payment ln fl�l of aU suma secured by this Sec�urity Instnimrut. A
<br />�' "';`°z wtItten state�ent of aa authorized ent of ttce S dated subs�quent to 60 a froai the data hereof,
<br /> ';.;;K�� Y aB ecretazY deY
<br /> :>=:�:_i�Y� declining ro inaure this Seca�rity Instnuneat and the Note. shaU be deaned conclusive proof of such
<br /> ;':"�;Y:�, ineli�'biIiry. ATotavithstanding the foregoing� thla opHon may not be eaercSsed by ixnder when the
<br /> -�::��?�-;5 uaavailabiUty of insurance ls solely due to Lender's fatlute w remtt a mortgage inaurance prenaiwa to the
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<br /> -____— 10. �sta9�rment. Borrower has a right to be reinstated if I.ender has requind immediate p�meat in li�ll
<br /> '=;8,;,� � because of Horrower's failure to pay an amount due uader the Note or this Securtcy Ynsuumeent.TMa rlght applies
<br /> `=�'� even atter fo�clos�ue pmceedtnga ure Institwed. To reinstate thc Securiry Insuument. Borrower shaU tender ia a
<br />==:�5�� lump svm all amouata nquirod w bring Borrower's acroount ctum.ut iucluding.w the extent they are obllgations of
<br />_=� Borcower undcr this Sec�riry Inaaument�foraclosure costs end n�sonable aud cuatomnry attomeya'fets and eapenses
<br /> -"�� properly�ssociated wlth the forcclosure pmceeding. Upon raiuetatement by Borcower.thia Se�udty lnsmuaent and
<br /> �=_`=°. the obligations thai It socures shall remeln ia effect as if I.ender had not requited immediate�uyu�ent in l�11. ` -
<br /> Aowaver. Ltnder ie not required to permit nlastatement if: (i) Lender has acoepted reinuetement aRer the
<br /> �. �+a�a�ut of fas�ta�pr�iu�s wlth�a iwa vears i�mcdf�cly grxedista!ht cam�af a tx�rrEnt -
<br /> ,- �" foreclosure pr�iag, (ii) reinstatement wlll preclude foreclosure on dtfferent grauads ia t6e t4ture, or (ii�) •"
<br /> ;_;,'�: reiasteument wlll adversely affect the priority of tbe lten created by this Securlty Insuament.
<br /> — � i!. Borrower Not Reieased;Forbearnnce,By Lender Not a Wadver. B�ctenslon of the dmc of paymcnt or
<br /> � modiHcatIon of amortt�tion of the sums sxured by thie Security Insmmteat graated by Londer to�ny successor ia '
<br /> imorest�of Bo:rower shall not operau to releas�the liabiliry of the origtnel Bornowor or Bon+cwer's auxessor in
<br /> • intemst.I.ender shall aot be requind to commena p�in�s egainst any sucassor in intec+e.st or nfiise to extend
<br /> tlme for payment or oWenvlse modit�y amor�atioa of the sums sxund by thts SecudtS►Insanna�ent by neason of aay
<br /> demand made by t1u osIginal Bomower or Borrower's sucoessora f a inurest.Aay forbearence by Lender in eaer�lsiag
<br />-.--�et any right or remedy ahaU not be a watver of or preciude the oxercise of any right or nraedy.
<br /> ��` 12.Suoc�ssore and Asstgas Bo�md;Joint ar�l Seve�a!Liabllity; Co-Slgn�s.Tho oovenants aad ag�cemeats
<br /> T of�thi�Security Iasaunoent sha11 bind and beneRt the succasora and assigas of I.ender and Borrower.subject w che
<br /> . pmvlslons of guagraph 9(b).Bornowar's wvanants and agramenta shail be joint aud aeve�al. Any Bormwar aho
<br /> 5 oo-stgna this Saudry Insuument but does not execut+e the Nou: (a) is ca-sigaing tLis Seeudty lnsdumeat only w
<br /> mortgage.grant end oeavey thai Homower's imerest in the Preperty under dte terms of this S�curity Insm�maat;(b)
<br /> is not personally obligatod to pay tha sums sccural by this Secudty Inst:umenr,and(a)agaes t4qt�,�euder aad eay '� _
<br /> _�_ � other Borrower may agrce to extend.modify�forbear ar make any axommodndons with regfud tb'the urms of thls ��'
<br />-- — Secutity Insuuanent or the IVote without that Borrower's consent. ' . ,
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