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2� 1 ��435 Regu�atory Agreement or aff�rded by appticab�� lavv, and each shal� be cumulative and may be exercised c�ncurrently, independ.�ntly, �r su�cessively, in an.y order. �4. F�RBEAR.ANCE. �a� S��ang as the Loan�s insur�d by HUD, Lenc�er sha�l n�t without obtain�ng t�ie prior wr�tten cansent of HUI], take any of the foll�w�ng actions: extend the time for payment af all or any part o�f the Indebtedn�ss; reduce the payments due under this Security Ir�strum�nt or the l�ote; re�ease anyone Iiable for the pa�ment��any amounts under this Security Instrument or the Note; acce�t a reneWal of the Note; modify the terms and time of payment of the Indehtedness; j ain in any extension ar subordination a�reement; re�eas� any M�rtgaged Property; take �r release �ther or additional security; modify the rate of inter�st or periad �f amortization of the Note or change the amount of the month�y installments payable under the Not�; and otherw�se modify this Secu.rity Instrument�r the Note. However, �f the �ontract of Insurance �as been term�nated, Lender may (but shall n�t be obligated to� agree with Borrower to any of the aforementi�ned actions in this Sectian and Lender sha11 not have t� give N�tice t� or abtain the c�nsent of any guarantor ar third-party obligor. (b� Any forbearan�e by Lend�r in exercising any right or remedy under the Note, this Secur�ty Instrument, or any other Loan I]ocum�nt or otherwise afforded hy applicable law, sha�l not be a Wa��er of or prec�ude the exercise of any right or rem�dy. The acceptance by Lender of payment�f a11 or any part of the Indebtedness aft�r the due date of such payment, �r�n an amount that is Iess than the required payment, shall not be a waiver of Lender's right to require prompt payment when due of all nther pa�m�nts on account of the Indebtedness �r to exercise any right or remedy for any failure ta make prornpt payment. Enforcem�nt by L�nder of any security far the Indebtedness sha11 nat c�nstitute an e�ect�on by Lender of remedies �o as to pr�c�ude th� exercise of any other right available to Lender. Lender's receipt of any pr�ceeds ar awards und�r �ect�an 19 and Section 2� shall not operate to cure or wai�e any Event of I]efault. �S. L�AN CHAR�ES. If any app�icabie �aw limiting the amaunt of inter�st ar other charges permitted to be co��ected from Borr�wer in connect�on with the Loan is interpreted so that any int�rest �r other charge provid�d for in any Loan I]ocument, whether cansid�red separately�r together with other charges provided f�r in any L�an I]ocument, violates that �avv, and Borrawer is entitled to the benefit of that�aW, that interest or charg� is hereby reduced ta the extent necessary to elimir�ate that violation. The amounts, if any, previously paid to Lender in ex�ess of the permitted amounts shall be applied by Lender to redu�e the principal of the Indebt�dness. Far the purp�se of determining whether any applicable 1aw l�miting the amnunt of interest nr�ther charges permitted to be collected fr�m Borrower has been vialat�d, al� Inde�tedness that canst�tutes �nterest, as wel� as ail other charges made in c�nnection with the Indebtedness that constitute interest, shall be deemed to be a1lo�ated and spr�ad ratab�y aver the stated term of the Note. Unless othervv�se required by appliGable �aw, such allocatian and spreading sha�l be effected in such a manner that the rate of interest so computed is uniform throughout the stated term of the N�te. ��. WAIVER�F STATUTE �F LIMITATI�NS. To the extent permitted by 1aw, Previaus versivns vbsolete Page 28 form HUl]-94QU�-�RCF ��51�D�4}