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<br /> (i)All or part of the Property,or a beneflcial interest in a trust owning all ar purt of the Froperty, is sold
<br /> . � �� or otherwise trnnsferced(oth�r than by devis�or descent),and
<br /> � (fi)Ttte Property ie not occupied by the purchaset or grnntee us his or her principal residence. or the .�_
<br /> purchaser or grantce does so or.cupy the Property but his or her credit hag not been npproved in
<br /> .:.:��,� accordence with the requlrements of the Secretary.
<br /> ' (c)Aio Waiver. If clrcumstances occur that would permit l.ender to requiro immediate payment in fl�ll.but
<br /> • Ixnder does not require such payments,Lender doea not waive ita r�ghts with�spect to subsequent events.
<br /> � (�Re�alattons of 1END Secretary. In many circumstances regulations isnued by the Secretary wlll limit , -
<br /> �• „ . Lender's rights. in the c�se of payment defaulta, to nquire immediate paym�nt in fiali and foreclosc if not -
<br /> � paid. This Securiry Instcument does aoc authorix.e acceleration or foreclosura if aot permitted by regulations �..�-
<br /> . ' � of tha Secretary. �'
<br /> , (e)Mort�age Noi Insured.Borrower agre�s that if this Secudty Inst�at and tht Note nre not determined .:
<br /> " to be ellgible for insurauce uader tha National Housin� Act withtn 60 days fmm the date hereof. Lender .
<br /> . � mny, at its apUoa, rrquire immediate payment ia full of all swns secured by this S�curity Inscnunent. A �-?
<br /> r �vritten atatement of any authorizcd agent of the Secretary dated subsequent to GO dayq ftom the date hereof, _
<br />� � ' declining to insure tdia Securiry Instnunant and tho Note. shall be deemed conclwive proof of such ':
<br /> •¢ inell�ibiliey. Notwitdstanding the fonegoing, thia optIon may not be exercisc:d by L.eader when the �'`_�
<br /> unavailability of iasurance is solely due to L.ender's failure to remit a raort6aQ�a insurance premiwn to the
<br /> • " � Sectecety. -
<br /> 10. Retnstntemeat. Borrower bs�a right to bc reinstatcd if Lender has requimd itnn�iatrs payment in full ,
<br /> �� � bacause of Borrower's faflure to pay an ainount due undor the Note or this Secudty Instrtunsnt. Thia right applies -_
<br /> even after foreclosure proceedings ane insttatted. To re�nstata the 5ecudty lnserumeut, Bo�ro�ver sh�ll cender in a
<br /> �� lump sum att amounts required w bdng Borrower's aocount current including, to the ezte�t ahhey are ubligatians of :
<br /> Bomower under this SeeurIry Instn�meat.focecloaure costs and reusonable and customs�ry attaraeys' fces and expeases
<br /> pmperly assoctated with the foreclosure prac�ling. Upon reinstatement by Borrower,thls Security Instrument nnd d_;
<br /> � tlte ablig�siaa° shs: it �x�s stial! rema4n i4 effect as if icndcr had not required immediate PaYraent in fWl. -
<br /> However. I.ender is not required tu permit reiaslatement if: (i) L.endza has acacepsa�si reinstatemeat after the _
<br /> commencement of fomcflosure proeeedings witbin two years iraatediately pmuac3�ng the cowmencement af a sument �:--
<br /> foreclosure proceeding. (it) rcinssutement wlll preclude foreclosure on diffe�ent gmv�:ls �n thcs thture. or (iii)
<br />, • ;A• reinstatement witt adversely affect the priorlry of the lion created by this Securtcy Ir�sstrurnRn�•
<br /> �' 11. Horrower NoY lteleuse�;�bea►�►ce By I.ender Not a Waiver. Sxtension af the dme of p�}rment or
<br />_ ���� modiftcation of emortiza2inn of the auros seeured by thio Securiry Instrument ga�ated by Leader to aay succeasor ia _�
<br />�� ° . interest oF Burrower shall not operate w release the 1fabSlity of th6 orlginal �arrower or Bor[ower's successor in -
<br /> , _ .,� intemst. I.eader shall not be required to coAUnertce praceedings against any sucres.sor ta•iuterest or mfus�to eatend _
<br /> . � time for payment or othenvise mvdiiy amoctiz�uioa of tho sums se�ured by this Security Insuument by mason of any
<br /> ' ° demtmd made by the original Bomower ar Bocrower's suoces.sor�im interest.Any fo�by Lender in exerclsIng -
<br /> �" .�,�,:.`.� any dght ur remedy shall not be a waiver of or precludo tbe eaercise of any rigl�e or rcm�dY-
<br />��� ' � ' 12.Saacessors and A,sgigav Bound;Jolnt and Several LiabUity;Co Si�ners.Tiie wveaents and t►g�eements
<br /> - .<. ;:::-.-_,
<br /> �"°�"`�"'°' of thia Security Insuument sHa1!biud aud benefit tha sucoessocs and assigas af Lendxr ansl Borrower,suajoet to the _
<br />-"� ,�'*�� rovtaions of ara h 9{b).Botrov+er's oovenants uud agreemems shall be joint amd severil.Aay Borrower w6o
<br /> ;.�,�...p ��;:w P P 8�P
<br />-' < �•t�L'��:„4, co-sigaa thia Security Insm�mau but does not execute tho A1ote: (a) is ca-signing tb�is Securiry Inshument only to =
<br /> n�'!�.n • -J i � �-_—
<br /> -.;,�... .a;, mortgage.grant and convey thet Borrower s iatarast in We Proparcy under tt�e semvi of thia Secudty Inssniment:N)
<br />-i%�::. ..; is not pessonally obligated to Qay the suras se�uned by tbia Securdry Insuuc�a:aad(o)a8rees that Leader aad any t�'�
<br /> �� ';� , other Borrower may agroe to extend,modtt�r.foc�ear or muke any axammodations with ragard to the te►�s of t6is i::
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<br /> •�� ����"• Security Iastn�ment or ttce Note without thnt Bornawer's oonsent. -
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