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� �q- �0��►�s {i)All or pan of che 1'rope.rry, or a beneficial inserest in a trust owning ail or part of tne Propexry, is sold : or otherwise transfe�red(other than by devise or descent), and ' (ii; The Properrv is noc occapicd by thc purchaser or graetee as his or her principal residence, or the . purchacer or grantee does so o�cupy the Preperty but his or her credit ha:, not been a�proved in accordance with�he rrquinments of�he Secrttary. • : (c) Na Waevrr. [f circumstane�occur that wou[� permit L,ender to rcquire im�ediate payment in full, but Lender does not require such paymencs, L,endtr dces not waivc its riglits,wi�h respect t�sub�eqtient`events. ' (d) Regulations of HUD Secrrtary. In many circumstances regulations issued by the Secretary witl limit - Lendex's rig�ts, in the case oi�aymtnt defaults, ta require immediate payment in full and fore�los�.if not paid. "fhis Securiry Instrument does not authoriu accekrdtion ox foreclosure if not permitted by regulations of the Secretary. (e)Mortgage Noi Insuced. Barrower agrees that if this Securiry It�strument and the Note are not�etermintd to be eligible for ia.surance under the National Housing Act within 60 days from tht date hereof, Lender may, at its option, require immediate paymeat in full of all sums secured by this Securit� lnstrument, b � written statement of any authorizcd agent of the Secretary datcd subsequent to 60 days from the date 6ereof, declining ta insure this Sec�exity Instrument and the i:�tc, shal! be deemtd conclusive proof of such ineGgibility. Notwithstanding the foregoing, this option may not be exe�ised by Lender when the unavailabiliry of insuraace is solely due to I.rnder's failure to remit a mortga�,e irsurance promium to the : Secretary. : I0. R�instatem�nt. Borrower has a right to be reinstated if Len�er has required immediate payment in ��Il because of 3orrower's failure to pa� an amount due ur.der the Note or this Security Instniment. This right appiies even after foreclesure proceedings are instituted. To reinstate the Securiry Inswment, Borrower shall tender in a lump sum �11 amounts required ;o bring Borrower's account cunent inciuciing, to the extent chey are obligations of Borrower under this Security Inscrument, foreclosure costs and reasonable and customary attorneys' fees and expenses : pro�rly associated with the foreclosure proce^ding. Upon reinstatement by Bormwer, this Security in;;trument and tht obligations that it secures shall rerr,ain in effect as if Lendec had noc required immediate payment in full. Hcwev�r, Lendcr is not required to permit reinstatcment if: (i) I.ender has accepted reinstatemtnt after the �ommcr.�e�ent of foreciosure proceedings within two v..ars immediately preceding the commencement of a current forrclosure proceeding, (ii) reinstatement will preclude foreclosure on different grouads in the future, or (iii) reinscatement will adversely affect the priarity of the;ien created by this 5ecuriry Instrument. 11. Bocrower Not Iteleased; Forbearance By Lender Not a Waiver. Eztension of the time of payment or modification of amortization of the sums senued by this Security Instrucnem granted by Lender to any successor in interest of Borrower shall not operate to release the liabiliry of the original Bflrrower or Borrower's successor in interest. L�nder shall not be rtqu:red to cammence procetdings against any successor in interest or refuse to eztend time for payment or atherwise modify amanization of the sums secured by this Securiry Instrument hy reason of any : demand made by the origirsa! Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising : any right or remc�y shall not be a waiver of or�reciude the exercise of any right or remedy. t2. Successors and Assigns Boand; Joint and Several Liability; Ca,Signers. The covem and agrcements of this Securiry Inscrument shall bind and b�enefit the successors and assigns of>Lender and Borro.��r, subject to the : provisions of paragraph 9(b). Borrower�s covenants and agreements shall be joint and several. An} Borrowcr who ca-signs this Security Instrument but c'ces not ezecute the Note: (a) is co-signing this Security Instrument only to mo�tgage, gr�.nt and convey that Borrower's inttrcst in the Prcparry undcr the terms of this Securiry Instrument; (b) is not perso,�ally abiigated ¢o pay the sum.s secured by this Securiry Instrument; and (c) agrees that Lender a��d an�+ other �orrower may agret to eztend, modify, forbear or make any accommodations with regard to the terms of this Se:•�rit�Instrument or�he Note without that Borrower's consent. �-4RINE1 tssoa�o� vsq.5 ot e i�i��aU: � _ , �' .� ' �. � \ -- d I