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<br /> ��� (i)�►il or pan of tke Peopesty.or a benefiaial interest in n truet owning all or part of the Prop�ny. is sold
<br /> or othenvise tmnsferred(othcr than by davise or descent).nad
<br />�� �� (ii) ?be Property ls not occupied by the purchaser or grnatrz as hia or her principnl r�tdeme. ar the
<br /> purchaser or grantee does so occupy the Froperty but 6[a or her credit has not �cea approved in
<br /> accordaace wlth the requirementa of the Secretary.
<br /> "'�A�� (c)No WAiver. If cfccurnstanr�es occur Wat would permit Lender to require immediate payment in fu11,but
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<br /> l.ender does aot require sucd paymcnts.Leader dces not waive ita rtghts wittt respect to subsequent events.
<br /> ; t�Regueatlons of RUD 3erret�ry. Ia anany circumstances regulationa issued by the Secretary�vili limit
<br /> : � I.ender•s dgb�ts.in tlu case of payment defaults.to tequire imraedtate payment in fult and for+�cbr,�if not
<br /> � paid.'t`�►ia Securiry Inauunxnt does Qot authorize accel¢radon or foreclwsure if aot permitted by rLga�lations -
<br /> ,�-: . of the Setretary.
<br />-� -�s ' (e)Mortgage Not In9uxed.�orrower ag�+ees c�at if sI�Seturlty lnstnunent aztd the Nou are aat detemiined
<br />�-.�;;.,�;�: to be eligible for insurana under the National Housiag Act within 60 days fmm the date hes+eof, Leader
<br />'-�'-�.:.t'•, may,at its option. nQuin ianmadiate payment in fuU of aU sums secured by this S�urIry Iasmut�ent. A
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<br /> written stetement of tmy ao�h�ri�ed agent of the SecretazY dated subsequent to 60 days from the data hemo.
<br />_°'�`�'�Y'% dcelining to insure thts Sxurity Instcumeat end the Nou, shall 6e d� coaclusive proot of sucb
<br />�'�r`��: ineligibiltty. Notwithstanding the foregoiag. thts option may not be exenc[sed by Lwder wfien the
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<br />-_--_-���' unavailabUity oF insurance is solely due to Lender's failure to remit a mortgage insurance prernium ro the
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<br /> - `_-�''�`�'�' — 10. itdastatemen�Boicowcr has a right to be reiastated if i.e�uder hag requi[ed immediate paynxnt la fiill
<br /> �-�`:;':''� bxause of Bomower's failure to pay an amount dua uader the Note or this Secudty Iasunment. This right applles
<br /> ' "" evea after foreclosure pmc�InBe are lnsfltuted. To reiastate the Securiry Iasunment. Borrower shall teader in a
<br /> _-"_= �,ump a+,un a1t amounts required to bring Bonnwer's account cucrent including.to che estent they are obllgations of
<br /> --�,�_:,�� Bonower ueder this Se�uriry Iasuvment,foreclosure casts and neasonable aIId custo�nary attomrys' fas amdexpenses
<br /> _ pmperlY asso�iated with the fot�eclosure proceeding. Upon reinstatement by Bornower,this Securlty Lastn�eut and
<br />__--=�'-'�; the obiigatioas �hat it saurt,+ a�all remain 1a effca as if I.eader h�sr�t required immcdiate pay�eat ln fuU.
<br /> :-=-:,;,�.�� However. I.ender is not t+equiz+ed to permit reinstatea�ent if: (i) Lender 6as awepted t+einstatement aRer the
<br /> — - wmmenoement of foreclagure praacciings witfiin cwo yeazs immatiately�,���ih�raas�:��.°mzat ut s aur�t
<br /> __��,�� foreclosure procealin8, (ii) niastetement wUl ps�clude foreclosure on different gcouads m t[�e iuture. or (iii)
<br /> ---- -- ninstatement wiU adversely affect the pdoriry of�fhe Gen created by ttiis SxurIry Insaument.
<br /> - _ -- _ , .. a_�._._w;.,..o-=-=-==•c�...�...o.o.w�•tey i.ende�r totat a W�iver.Fa�tension of the time of piyment or
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<br /> modific�tiai of amortizadon of the s�nuc�sec�red DY this Securi{Y.Insuument grantod by Ler�er to any sooeessos ia ��•_ .
<br /> intense of gorrower shall not opetatct to releasa.the liabiltty of the origiaal��oscawer AA 8orrawa's saooessor in •
<br /> inurest.Leader shall not be requiicd w commeiece pmcxcdin8s against any successor in i�rest or rcfu�se to extend
<br /> ----- tim�e for payment or othe�wise�adtfy aaiort�em of the sums secured M'tl�is Secu°�Y��t by siuon of atry
<br /> _ _� demand made by the original Borrower or Bormwer's suocessors in inun.gt.Any forbearanoe by Lender. in e�cereising
<br /> - any rlght or�an�y sball not 6e a araiver of or prcclude the exe�cise of any right or remedy.
<br /> � _ I2.Scka�,sors and Assigos Boaud;Joiat jund eseas!*_.��LiY;Co-��s.The coveaantn���,amr-nra
<br /> of thts Securlry Insuument shall bind aad beaetit the sucassors and assigns of I.ender and Bonower.subJect W the
<br /> provIsions of puagrapAn 9(b).B�noa►er's oovenants and agceements shall be joint end several.A.uy Borrower who
<br /> oo.signs tbis 5ecuricy lnsdrumeai but does�t execute the Nou: (a) is co-signing this 5ecuriry Inatn�nt only w .
<br /> _ _.__ _.—_ martga$e:�ant aad convry that Borrawer's interest in the PrapErty under the terms of�3s.S��Y insaument:4b),,:'��' '�
<br /> is not parsonelly obligaud to pay tLe auass secu�oci by this Secutit�'Iasm+aient; and{c�:"�rees that Lender and any ,:
<br /> __ - otber Borrower may agree to eatxnd. modity.fo�Y+rar or make say aoarauseadations aiiit'regatd to the termis of this
<br /> �_ -- 5xuriey Instnuonent or the Note without that Botr�azver's wnseni. '
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