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' __ <br /> .. . � '� �• . .; ,-= <br /> . . �.. <br /> r <br /> � <br /> `�, �7�� i1VJ�l7 r.�:- . <br /> ��,a�� (i)All or part of thc PropertY,or a bcnc�cisl intcrest in a trust owninB all or purt of thc Propercy,is sold or <br /> . , „„a� �thcrwise unnsfcrrcd(othcr than by dcvisc or dcscent),und - <br /> (ii) Thc Property is not accupicd by thc purchascr or gruntce as his on c�r princip OV��dn a�o°�cc ';��_— <br /> _' purchascr or gr�ntce doe.g So occupy the Property but hi9 on c�r crcdit has not becn aPP _ _ <br /> �� with thc rcquircmcnts af thc Sccrctary. _- <br /> (c) No Waiver.If circumstan���r�nder docs Roi wit�i.en�e���W�[���i�ubsequcnt evcnts,�but <br /> � Lcndcr docs not require such pay . �hc Sccrctary will limit - <br /> (d) Reg•rlations of HUD Secretary. In many circumstancc:s regulauons Issued by -_ <br /> � Lender's rights,in the case of payment defaults,w I�o o�fore�,closure if n t lpefm►itted bYI�8 1�dons of the �=� <br /> This Security Instrument does not authorize acce <br /> , Secretary. � <br /> ti: (e)Mortgage Not Insured.B��° National Housing Act within bU dayscf om[he datc hereof�I.endcrnmay at <br /> be cligible for insurtu►cc un InstrumenG A wriuen <br /> its option, require immediate payment in full of all sums securcd bY th�s Sccurity <br /> �� statement of any author'v.ecl agent of the Secretery dated subsequent to 6U daYs from the date hereof,declining <br /> � to insure this SecuritY Instrument and the Notc, shall be deemed conclusive proof of such inefigibility. '� <br /> � Notwithstandinb thc forcgoing, this optian may not be exercisecl by Lcnder whcn the unaveilabiGty of <br /> ,,•.. <br /> insurance is solely due to Lender's failure to remil a mortgage insurance premium to tl►a Secretary. ;.; <br /> �. 10.Reinstatement.Boaowcr has a right to bc reinstated if Lender has required immcdiace payment���eve�ccr ��� <br /> of Borrower's failure to pay an amount due under the Note ar thls Sccurity Inslrumen�This right app <br /> �: forcclosure proceedings are instituted.To reinstate che Security Instrumcnt, Borrower shall tender in a lump sum ell <br /> - - �= amounts required co brin�Bormwcr's accoani c�rr�nt nable�andc ustomaryta emeysobl�donnd eapcu�s p I�Zi _ <br /> � il�;s gccurity Instrumcnt, foreclosure costs ar►d reaso -- <br /> � essociated with the forf;closure proceeding. Upon reinstatement by Borrower, this SecuricY Inswment and the __ <br /> r obllgations that it secures shall remain in effcct as if Lendcr had not rcquircd immediate paymcnt iri full. Howcvcr, _ <br /> I.ender is not rcciuired to perndt rcinstatemcnt if: (i) Lcnder�`ng���m e �mcnt�of a ecurre te foreclosurc -- <br /> ' �� forcclos�uc prcecedings within two ycars immcdiatcly p <br /> .r pmceeding, (ii) reinstatement wiA preclude foreclosure on different grounds in tha future.or (iii) reinstatement will - <br /> adverscly affcct thc priority of thc Ucn crcutcd by this Sccuriry InstrumcnG <br /> 11. �orrower Not ReleASed; ForbearAnce By Lender Nut A Wp�ver. fixtcnsion Io�f acr��y P�a���°� _ <br /> modification of amortir.adon of the sums sccured bY dds Sccurity Insc�umcnt grnnted bY <br /> ' intcrest of Borrowcr shall not operau;to rcicasc the liabllity of the original Bonowcr or Borrowcr's succcssor in intcres� • <br /> Lender shall not bc requ�red co con�mence proceedings against eny successor in interesc ar refuse to exUend time for _ <br /> � paymcnt or othcrwisc moctify nmortizadon of thc sums sccurcd by this Security Instrumcnt by rcason of any dcmnnd _ <br /> • macle by thc uriginal Borrower or Borrowcr's successors in intcrest.Any farbcarance by Lendcr in exercising any d8ht `= <br /> or remedy shall not be a waiver of or pteclude the exercise of any right or remedy. _ <br /> 12.Successors ond Assigns Bound;Jo[nt and yeveral Liabftity;Co-Signers.'Il►e covenants and agreements of _ <br /> _ this Security Insaumcnt shall bind and beneVtn���a01�m nt�ha�llsbe loirt[dand s�vcBral�Any�Bo over�ho _-- <br /> � provisions of paragcaph 9(b). Boaower s co e an 8� Instrument on1 to -•- <br />, �+ co•signs this Security Instrument but docs not execute the Note: (a) is co-signing this Security Y — <br />- ! mongage,granc und convey that Borrower's intcrest in thc Property under thc terms af this Securiry Instrument;(b)is <br /> ;� � not personally obligated co pay the sums sceured by this Security Insuumen�and(c)agrees that Lender and uny other � — <br /> Borrower may agree to extend,modify, forbear or make any accommodadons with regard to the tcrms of this SecuriRy <br /> - Insvumer�t or thc Notc without that Borrowcr's conscnt. — _ <br /> - t:: <br /> � Page 6 0l 0 InI51eb: . <br /> �4R(NE)�aso4�.o+ " <br /> -- k.---- <br /> f <br />� <br /> � <br /> "{ � <br /> _._ _ _ _ _ . <br />