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20000'7683 W All or part of the Property, or a beneficial interest in a trust owning a} or pan of the Property, is sold or otherwise transferred (other than by devise or descent), and (ii) The Property is not occupied by the Purchaser or Fuser or grantee as his or her principal residence, or the grantee so 1py the Property but his or her credit has not been b approved in accordance with the requirements of the Secretary. (c) No Waiver. If circumstances occur that would permit Lender to Lender does not require such payments, require in'anediate payment in full, but P Y ,Lender does not waive its rights with respect to subsequent events. e Regulations n he c Secretary. In many circa m unm regulations issued b the Lender's rights, in the case of payment defaults, to require . Y Secretary' will limit paid. This Security Ia9ltvmept does not authorize acceleration oar fotreclosur�e if not P and b lose if not of the Secretary. y regulations (e) Mortgage Not Insured. Borrower agrees that if this _ and to be eligible for insurance under the National Housing Act within days from thetdate hoereof, Lender may, at its Option. require immediate payment in full of all sums secured by this Securi written statement of any authorized agent of tine Secretary dated sub �' Instrument. A declining to insure this Security Instrurrtent and the Note, shall be� to 60 days from the date hereof, ineligibility. Notwithstanding the foregoing, conclusive proof of such unavailability of insurance is solely du o Lenderss failure toy Data art r by ceder when the Secretary- gag insurance premium to the 10. Reinstatement. Borrower has a right to be reinstated if Lender has because of Borrower's failure to pay an amount due under the Note or this Security Mate Payment in full even after foreclosure Proceedings are instituted. To reinstate the Security ty fit• This right applies lump suns all amounts required to bring Borrower's account current includi�ng�to�thenextent7they wCr shall are obligations of Borrower under this Security Instruimat, foreclosure costs and reasonable and Gusto Properly associated with the foreclosure proceeding. Upon reinstatement ��' attorneys' fees and expenses the obligations that it secures shall remain in effect as if Lender had not erowed this Security Instrument and However. Leader is not required to permit reinstatement if: required immediate payment in full. cotnmencement of foreclosure G) L ender has accepted reinstatement after the Proceedings within two years immediately Preceding the comment of a current foreclosure proceeding, (ii) reinstatement will preclude foreclosure on different grounds in the future, or reinstatement will adversely affect the priority of the lien created by this Security Instrument. 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time of payment or modification of amortization of the sums secured by this Seeuri interest of Borrower shall not t' �trument granted by Lender to any successor in interest. Lender shall not be operate to release the liability of the original Borrower or Borrower's successor in time for to commence f the S proceedings against any successor in interest or refuse to extend Payment or otherwise modify amortization of the sums secured by this Security demand made by the original Borrower or Borrower's successors in interest. Any ecurity �t by reason ��g any right or remedy shall not be a waiver of or preclude the exercise interest- any right or remedy. 12. Successors and Assigns Bound; Joint and Several Liability; Cam• Of this Security Instrument shall bind and benefit the successors om• The covenants and agreements Provisions of paragraph 9(b). Borrower's covenants and rs and signs of Lender acrd Borrower, subject to the co -signs this Securi In agreements shall be joint and several. Any Borrower who ty Instrument but does not execute the Note; (a) is co- signing this Security Instrument only to mortgage, grant and convey that Borrower's interest in the is not personally obligated to pay the sums secured by this Property � terms °c agrees Security tht Instrument; ( y Other Borrower may agree to extend, modify, forbear or make an acre () fees that Lender and any Security Instrument or the Note without that Borrower's consent. Y bons with regard to the terms of this iRtNE} l940a1A1 Pepe r, of 8 ly[leh� }�