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<br /> -------� �- referncd to in p�ua��ph 2.ar ctwn�e the prnoum��f�uch puymenir. Any caccr�pnxoalr�wcr An arn�wnt roquirod�u pay �ll
<br /> •- uWylNuidit�iadebtadne�uade�tbo IVole�al�hi�Sescurtly lnpn�menl t�hNll be pafd to tho antily la�ally eMitla!thereia. _- -
<br /> ; — �.Faes.t.atder m.y co�loa rea and ch�a MNdorfrad br�Me socretury. —
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<br /> _ = lwl Dd'�atf. I.ender mry. cacep pa limital by m�uladunr l�.sue�l hy �fw S�xn:lury in Uw u�w ��f payn�ent defnults. -
<br /> . roquiro lmmedipte payme�l in full of ull�umr�ecu�ed hy thiF 3GCUri�y Inal�umcnt if:
<br /> - li)8ornnwcr defauUs by failing ta puy in full uny monthly pAymem n�quirai My ihio Socu�i�y Ins�rument priar tu or _
<br /> -=`--� on thc duc dato of the naxl mc�mhly pnymcnt.or --
<br /> _��.��,�: lii) Barmwcr dcfaults by failing. fa�A pa�iod af tbiMy dnys. to pa�form any dhe�nbli�wians containad in Ud4
<br /> ��,git����. Secu�tY Inwrument. �.�u
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<br /> ��`�'�"'""'"�• (b)Sak VYi1roqM Cndit ApprovAl. Lender chail. if permitted by applicabic law and with �he prior approval of the
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<br /> �- �..�`.� 7. Sa�etary,require immodiate puymetN i�ILII of ull sums secu�ed by thia Socurity Inslrument ii: �
<br />--_ . I"'°4 .,%.,� ,.;,y (il All or pan of ihe Property. or�beneficinl intercst in a trust awning�11 or part oi the Property. is a►Id or _..
<br /> ' .. '�.:;tr+:;�;a�¢: otherwise trdnsterrod(atNer�han by devise ar descentl by the Bamawer.and �
<br /> .: �+'!�;��?+�;�?(�. (iil The Propeny is not occupied b�r tM purchaser or gmntee as his or her principul residcnce. or the �:
<br /> �� '�'�";�;`��� purchaser or gnu�tee does so oa�py�he Pmpe�ty but hio or her crodit Iws oot ban Approved fo accordance with tbe �=
<br /> - • requirements of the Secreiary.
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<br /> .,,� ��, . ' � ���c)No Waiver.If circamstances accur that would permit Lender�o require immodia�e payment in full,but l.erder doe� �'-t
<br /> ,�..� not requie�w:h payments,l.ender does rot waive its rights wi�h respect to subsequcM events. �sr�
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<br /> ' � � (d) Regulatiaa4 ot HUD Secretary. In many circumstantt� regulations issuod by the Secretary will limit Ler►der's ���:
<br />'=�� `± � -" � " `�' ' rights in the case of payment defnuUs to requirc imn�ediule pnyment in full and fareclose if not paid. This Securiry �
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<br />=p"",.. " ��;` ' � ]nurument does rat autlwrize acceler�Ra►�er.foreclowre if ncit permittod by regulations M d�Secnetary. +;:
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<br />°��'''�' `..�;Ta:i���r,,�.. '�1e)Mo�e Nd I�ur�d.Borrowe�•�;=rerc that shauld this Securi�y Instroment and the Nute a�rcuted thereby not 6e �_:`_
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<br /> - "',� eli ible far insurance under th�Nationpl Housin Acl wilhin 60 du s from the date hereof. l,e�n�4;r ma . At its ton '�s.t:.':
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<br />_=�s��;`; �..a--:r=:�';r:,t; nnd notwithstanding anyr.hing in purngruph 9, req�adrc imma7iate pnyment ia fulf k�1 all sums srcured by ahi, securin =-
<br />_�=',s�; ��;` '��'�ti�''�S �a�trument. A written statement of ony autho�ized ugent of the Secretury date�^ sub�rquent to 60 duys Prom ihe dai� ���
<br /> �.�,:i `r:t }'�rc 3Y.� hereof,declining to insure this Security Instrument und the Note secured thereby, <hall be deemeil conclusive pr�mf oF �:
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<br /> _: ,�:,� � , • surh imlig�biliry. Notwithsiandin6 �he fT�eg�ing, this option may no�be exercised by L.endcr when the unuvuilubi9i�y� ��`
<br />' �`�"''� { '�' of insurance is solelv due to l.ender's fail�re Iu remit a mon�age insurance premium to�he Serretary. • �
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<br />:;:'; � ' `}��,,,�.,: .f 14�. Rdnstatement. Borrowcr ha�a right lo be rcin�tat�+�,il it'Ixnder hus requirud immediutc paymcnl in full l+e�uusc uf ��
<br />-�'��; � Bortower's failure to pay an umount Jue wxier t!x Nnt�e ur ih�s Securiry In,irument. Thi�right applir�rven ufter foreclosure �;,
<br /> =`' � �r` prckeedings arc instimted. To reinsta�c Ihc SecuQit}•ln�lnfrnent. Barmwcr xhuU tencicr in a lump+una all antounts required lo �'+
<br /> =�"` �' � '�''�''^ brin� Borrower's uccnunt current includin �o thi extent the� urc obli utiun. of Bnrcower under this Securit InstQUment,
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<br /> '�' �'�""�''1°���'•,T ' '' PO(LC90�uti costs s�t►d roasonablr und customu uttom.y� r�en arul cx nu.� ro rl� asxociutcYl with �he P��n:ck�xure
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<br />:��' .;; i,d ��,;.r1f pmceedin,. Upon reinstatentent h�•�t.i�a�wer.�his Security In.zrument nnd the obliguUun, that it secures shall rcmaln in ril'��et
<br />?'�.`,�f� . ",{,uS;;�,� ,. '��•='°:'4 as if l..ender hacl noc requir��l immeJia�e payrnznt in full. Nuwever,Le�xler ia not rcyuir��cl to permit reinswtement if:(a)l.ewaier ��'
<br />�� ,���)�; ;�;;�,.• _ hus accepted reinsintcmen� ai'ter the commo�uement of foreclo,ure prarrdings within Iwa years immediately prccetling th� ;„
<br />-•' ' e .. ';�;,�' commencement of A �urcent foreclosure prix,e.linr, liil reinstutcmem H•rls �mcluJe f��rcclosure on different grounals in ihe �R:
<br /> r`:��• . '_ �'{°'�r�f fqluQC, or liii)rcinsmtement will sxlverxly�fCect the pri��rity oP�he lien created by this Securi�y Inatrument. �--
<br /> � �����a'�� '°.� � iD.Bornower Nut Reles�tied:Forbearancc g�• I.ender Not a Wai�•er. Extrntiion af the time of pu��meot or iewxliiication of �.
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<br />�"»�. � t'~'�.��, �maAixation of�he sums u�und by this Sea�ri•ey lns�rumem grunted hy l.,nJer ta nny+ucce.u�r ia interr�a��f Bonower shall �:�
<br /> �� � "�•�� " not operatc to releuce thc liubility of tfle ariginal Onnuwer ar R�orrowrr'a r.u.ticssnr in intcrtiht. lAn�fer.hall no�be required to �.�'�
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<br /> "'� �•.. ,� ��`:. anrun;�.e nxealin a A wmt an .uc�YS,or in interes�or reYN,z to exteixi tink tix r�mem�x utherwise moclif nmonizulion
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<br />-_��•:* ��;,�_, ,:, of the u�rne xrured by thic 5erurin• Inatrument by rcatinn i�! uny demanJ nt:ak b} th� .�riginul &►rrowcr ar Borrowcr's
<br /> a ` • ;� � succe:�.tinvs in interesl. Any forhearance M Lrndcr in exer�i.irog uny ngh� o�rcoxJ? �Iwll not he u wuiver ot'ar preclude the
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