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��14�1199 �� opportunity to cure either a Mon�tary Event of D�fault vr a ��venant Event of Default. 23. REMEDIES CUI11lULAT�VE. Each right and rem�dy provid�d in th�s Security lnstrument is dist�nct fram all other rights or remedi�s und�r this Se�urity !nstrum�nt, the N�te, or so ��ng as the Loan is insu red or hel� by H[J D, H U D's r�m�dies under the Regulatory Agr�ement or afforded by ap�licable law, and �ach shall be �umufative and may be exercised concurrentfy, independently, or successively, in any ord�r. �4. FC]RBEARANCE. �a} S� �ong as the Loan is insured by HUD, Lender shall not v�rithout �btaining the pri�r written consent af HIJD, take any of the f�l��wing acti�ns: extend the time for �ayment of all or any part of the �ndebtedness; reduce the paym�nts due under this Security I nstrum�nt or the Note; release anyone liable for th� payment of any amounts under this Security Instrument or the Not�; accept a ren�wal af the N�te; modify th� terms and time of payment of the Inde�tedness; j�in in any extension or subordination agreement; release any M�rtgaged Pro�erty; take or release ather or additiona� s�curity; mod�fy the rate �f int�rest �r perE�d af amortizatian �f the Note ar change the amaunt of th� manthly installments �aya�le under the Note; and otherwis� madify this Se�urity Instrument or the Note. Howe�er, �f the �antract �f Insuranc� has been terminated, Lender may �but shalf not be obligated t�} agree with Borrow�r ta any �f the af�rementioned actions in this Section and Lender shall not have to give N�tic� t� or obtain th� cons�nt af any guarantor �r third-party obl�g�r. �b} Any fnrbearan�e by L�nder �n �xerc�sing any rEght or remedy under the Note, this S��ur��y Instrument, or any �ther Loan Document or otherw�se afford�d by applicabl� law, sha�l nat_be a waiver �f or preclud� the �xercise of any right or remedy. Th� acceptan�e by Lender �f paym�nt of a�f �r any part af the Inde�tedn�ss after the du� date of such payment, or in an amount that is less than the r�quired paym�nt, shall n�t be a wai�er af Lender's right t� require prompt paym�nt when due af all oth�r payments on account of the Indebtedn�ss or to ex�rcise any right or remedy far any fai�ure to make �rompt payment. Enf�rcement by Lend�r af any security for th� Ind�btedness shal� not constitute an �lecti�r� by Lend�r af r�medies so as to pre�lude th� ex�rc�se of any �ther right avai�abl� to Lender. Lend�r's receipt of any prace�ds �r awards under Section 1� and Section �D shall not op�rate to cure or wai�e any E�ent of Default. �5. L�AN CHARCES. If any appiEca�le faw limiting the amount of �nterest �r other charg�s permitted to be co�i�cted from �orrow�r in conn�ction with the Loan is int�rpreted so that any interest or other �har�e pro�ided far in any Loan Document, wh�ther cansider�d separat�ly or tag�ther with oth�r charges pra�ided for in any Loan Pre�Eous editions are obsvl�te HUD MF 5ecurity Instrument HLJD-94�O�M(Rev. 0411'!}