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<br /> (i)All or part of thc Prupcny,or a bcneflcial intcrast in a irust owning s�ll ar part of thc Property,is sold or
<br /> othcnvise vans[cncd(othcr then by daviso ar dcsccnt),artd
<br /> (!�) 71io praperty Is not accupicd by thc purchaa:r or grentca a9 hi9 ar ncr pdncipal residcncc. or thc
<br /> purchtscr ar grentcc docs so occupy thc ProPonY but his an c�r crcdit ha9 not becn approvcd in accardenca
<br />' with thc ru►uirc►nenix af tho Sccrctary. �-
<br /> (c) No Wdver. If circumssanccs accur that would pcmii�L.cndcr to rcqui�o immediatc paymcnt in full, but
<br /> l,cndcr does not rcquire such payments,Landu doc�not waivo its righte with rcgpoct to subscc�ucnt cvenu.
<br /> (d) ReRul�tbne ot HUD Secretary. In many circumster►ce�regulations issucd by �he Secretary will limit
<br /> Lender's dghts,ln tho caso o[paYment dcfaults,W requirc immcdiate paymcnt in[uA and[orcclosc if not paid.
<br /> 'R�ie Securlty Instrumcnt does not authorfze accelcretion or [oroclosure if not permiuccl by rcgulatbn9 of thc
<br /> Scc[etery.
<br /> (e)Mortp�e Not Inaured.Borrowu agrccs that if this Secudry Inatrument and the Nou are not delumined w
<br /> be eAgibk for inswrence undu iho National Housing Act within 60 days from the date hetwf,Lender may.at
<br /> its opCton, nquire immediata payment in full of all sums secured by this Sccurlty TnstrumenG A wdtun
<br /> statement of eny suthcxl�.ed egent of the Seccetary dated subsequent to 60 days fmm the date her�t,decUning
<br /> to insure this Securlty Instrument end the Nou, shall bc deemed conclusivo praof of such ineLi�ibWry.
<br /> NotwlttistandIng thc fongoing, this oPUon maY nat be oxercised by I.ender whcn the unavauab�ity of
<br /> insuranca Is solely due a I.endu's fail�re w rem[t a mortgage insurance premtum to tha Sccre�t� ��
<br /> 10.Rein�t�temea�Borrowa has a dght to be ninstated if 1.enda ha�requjred immediate PaY
<br /> of Borrower's failurc to pay an amount due under Ihe Nou or this SeciuIty Instrumen�Th1s r18ht appUes even after
<br /> foreclosure proca+dinga ere insdwted.To relnstate the Securlty Instrument, Borrower shall tender in a lump sum aU
<br /> emounts rcquircd to bring Borrower's eccount current including,to thc extent they are obllgedons of Borrowu under
<br /> this Security Inurument, foroclosure costs and reasonable and customary auomeys' fees and expensGV properly
<br /> essociated with U►e foreclosaro proceedin8• UPon reinstatement by Borrower, this Sec�ty Inswment and the
<br /> obiigedons ihat it seciues shall remain in effoct as if Lender bad not requirod immediate paymcnc in fnll.Howeva.
<br /> Lender is not required w permit reinstatement if: (i) Lendet ha9 accepled reinstatement after tho commencement of
<br /> forecbsure procoedin8s with�r► tw'o Y� �m�iately precedln8 the commc�emeat of a current forocbsure
<br /> proceeding�(ii) ninstatement will proclude foroclosurc on diffcrent grounds in the fuwre,or (i�i) ninst�leme�t wUl
<br /> adversely affect the prlorlty of the Hen created oy this Sxurity L�suiu�z:.
<br /> 11. Borroaer Not Rekased; Forbearance By Lender Not a Wa�[ver.Extension of the time of payment or
<br /> modificadon of amordzadon of the sums sccuced by this Securlry Instrumeat grantcd bY l.�endu to anY auccessor ir►
<br /> int�er�est of Bomower shall not operau to relea4e ihe liabiUty of ihe original Borrower or Borrowu's suaessar in int�eresG
<br /> I.endu ahall not be required to commence proceedinBs agc�inst any successor in Intenst or refose to extrnd time tor
<br /> payment or othawlse modifY amortjzad°n of thc sums secured bY this Socuriry Inslrument by reason of my demand
<br /> made by tt�e original Borrower or Borrowa's succe.asors in lnteres�Any forbcarance by Lender in eaacising any rlght
<br /> or remedy shall not be a waivcr of or proclude tha exec+cise of any rlght or remody.
<br /> 12.Succeseore�nd Aesigns Bound;Joint and&veral Li�bility; Co-S(Qaero.'I7u covenants and agroema►ts of
<br /> this Securiry Instrument shall hind and benefit the succes.gors end assigns of Lender and Borrowa, subject to �he
<br /> provisions of pe�agreph 9(b).Borrower's covenants and agreema►ts sha11 be.joint and sevecal.Any Sarowu who
<br /> co.signs this Saurlry Instr�ment but does not eaecuta the Note: (a) is casigaing this Secuc�ry Insnument only to
<br /> nxxtgege.grant and convay that Borrower's intcresc in thc Proper►y undu the terms of this Secur(ty Insuument;(b)is
<br /> �ot pusonally obtigatai to pay the sums secured by this Securiry Instcument;and(c) agcees that Lendr.r and any other
<br /> gorrpwer may ag�ee w extr.nd,modify,forbear or mnke any accommodadons with regard w the terms of this Sec�ry
<br /> Instrument a the Note wtthout that Borrowcr's consent
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