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<br /> � � '=c t�'/� an of t�e Pt+aperty,or a beaeficial iaterest in a uusc owning all ar part of the Propeny,is sold :� c 5 � f
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<br /> �:. � or ag his or her rinci al msid�ae, or the �� ,
<br /> <.': . (u7'��P�Y is�t oocapi�d Dy [ne pun�haser 8�ansee P F . ��-:
<br /> � � hut his or her credit has noc been approved in ` '
<br /> ` . . � purchaser or�a�ce does so ooaipy ehe Pcoperty - -
<br /> � � .-0 acoordance arith the requirrments of the SecxetarY• "'- _ : .
<br /> ��, ` � E. r:�r,,,,�+�+oes o�xvr tbat wouid ermit l.ender to requi:e imm�iate payment in full.but � ` {� �tt ,"
<br /> �, (c)No Waiv�r.If o xvr p E-.
<br /> = . -i�. Lender does not requue snch paymenu,Leader does nat waive its rights witD respect to subseqnent ev�nts. ,-4: _ ,
<br /> � -- (�Reguiatlons oY HUD 5ea'etar9• !n ma�►Y ciraiaQStances regutarioffi izsued by the Sec�eranr will limit
<br />—�: , � L�der's dghts.in ffie case of gayment defmiIts,to require immediate payment ia fiill and foreslose if not :�, .
<br /> =?` . .`..c .�, paid.This Securiry Insttumeat daes not atuhorize a�ation or foreclos�ue if not pumiued bY tegvlations �`;,�� �.�"` --;
<br /> � of the Secretazy t .
<br /> ��`"�.°.:t; - (e)Mustgage Not Ieaured.Borrower agees that if this Security lnstrument and the Note are aot dete�mined " _
<br /> �t. `• . ", . to De eligi'ble for instuance mader the Natioaal Housing Act arithin 60 days from the date hereof. Ixader -. ',:;.'N ,`:
<br /> x may,at its option, requiie immediate gayment in fiill of all sums secuced hy this Sec�uiry Instmment. A - -
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<br /> q writteu statement o f any a�u t h o i i z e d ag e n t o f t h e S e c�t a ry d�d s+�b s e c l u e n t t o 6 0 d a y s f m m t h e d a t e h e t e o f, �,�,
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<br /> 3 .. deslining w ms�ue this Seauit7► 1as�ameut and the I�iote, shall 6e deemed caoaclusive proof of such
<br /> '� I�otarithstaudin8 the fotegoiag, this option mayt not be exescise� �► L�tttter wheu the •- '�j6 '
<br />���: , , . unava�ilab�'il�'ry of ins�uance is so2ely due to I.eader's faiture to remic a mnngage iiuuranoa piemium to the +�`t � ��<'� -
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<br /> F t 10. Reiastat��t. Bonower has a right to be reinstated if i�ender Las reqtiired i�ate paYment in f�l : .
<br /> ��Is :�• , - - `� beca�e of Hotrawer's faiture to pay an amouat due under t6e Note or t�is Securiry Inss�ument.7!►is right aPP� . . • '•' .
<br /> �i'� `�4•�` p gs are instituced. To reins[ate the Seauity tnsuument,Borcower shall teader in a :-�,,.,'-
<br /> �=' even aRet foseclosnre mceedin , -
<br /> �:r, ' , � �yuir�d wer's aovonnt canent"sncluding,to the excent they are obligations of . •.,
<br /> sum all amonmts to bzing BCao ,.•,�,
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<br /> ��,. �, .� , Bo:tocver�mde�r this Seco�itY Iasarument,forecloseue oosts and reasonabte aad ccstamarY attomeys'fee9 and expeases �:, _..�
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<br /> •'•r ��� P�P�Y��witL the forectosnre pmceeding.Upon reinstatsment Dy Bomower,dus Securiry Insuument and �--' ;
<br /> -�542 , � -� the oDZi�azians that i2 secures shall remaia in effoct a4 if Lender bad not �equired 'mnmediase payment In fnU. ��-: `�:-
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<br /> `_` , � Hov�ever, .i.ende�r is nat zeqnired to permit zeins�atement if: (7 Lende: has accepced reinstatemeat aRer tIIe ',.. �..
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<br /> �<; � . °�' commencemeat of faiectosure prooeedings�+rIthin two yeazs immediately preoediag the conmaencement of a c�urent �-�._
<br /> •:,'•. ia the future, or {iii) ,. ``� -� .=-
<br /> ` '' • foieclos�ue pmeeeding, (u) �einstatement arill prectude farectosuae on different groun+ds ..,•
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<br /> .`' . • reinscatement will adversely affect the priority of the lien created by this Securiry Insuument• �_ ... ,-_ ,`;=.;��:`
<br />`,�r�' � � ' !i. Bormwer Not Relea�ed: FocDearancp BY 1.�de*Not a WaiQer. Excension of the time of paymenc or :
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<br /> ° � modification of amo�on of tlie snms secured by d�is Seauity InsuameIIt granted by Lenster to any saccessor in . '
<br /> � ' .'� . • ,a iateiest of Borrower sLall aot opetate to rel�e t�e lials�iry of the arigi�l Boaower os Borroaer's successos in _��
<br /> ;''.:�� , , interest. l,,eu�ler s�all not be required to commencx praceedia8g ag��st aaY sucxessor in iaterrst or refiue to extend .
<br /> time fos payment or otflerwise modify amorti�ation of the sums secured b3+this Security Inswment by reason of anY �;.,- ,� �.;
<br /> �i,,,�`. . demand made by the orlg'vaal Borsower or Boimwer's successors in interes�Auy forbea�cce bY 1�er In exescising .,•. : .:
<br /> ,��.:�. : : . �nY�ight os remcdy shail noi be a waiver of or prec2ude the exercise of any righi or remedy. ' _ '
<br /> �'���' ` IZ.S�coessors aad Asslgns Boand:JoW and Severel Uability.CaSlgaers.'�he covenaats and agreeraents
<br /> .�, • . _ Ph � - •,:�.= .
<br /> •�=:...� • • ' of this Secv:iry Insuument shaU bind and beneht t�e succe.ssors and assigne of Leader aud Borroaer.sub}ect to the . �.:.';,:-,,.i;
<br />-:ti;�.�.� - praviaons of paragraph 9{b).Bo:rawer's covenaats and agcceaants shalt De joint and several.Any Borrowes who ,.:;;
<br /> ,i:-•. , . '.� co-signs tbis Secucity �nstNmeat but does noe execute the Note: (a)is co-signinS tAis SecuritY Iasaument only tv , � � �
<br /> � ' mottgage,grant and convey thu Borrower's interest in the pcoperty uader the terms of this SecuritY lnsuument;(b) . � �` `
<br /> '•:4�.:��.`� ..' ... is not personaliy obligated to Qay the sums secured by this Securiry lnstrument:and(c)a8rees thae l.ender and any . '•
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<br /> '�:;�` ' • ,. � ; other Borrowes may agcee to extend,madifY,forbear or make any accommodations with regarci to the terms of t9is , . .
<br /> ''' � Se�siry fnstmment vs the.voic w ithout that Borrowsr's consent. , � .
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