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<br /> '�� ' � (i)All or part of the Proparty,or a baneficlnl interest ia u trust owning ull or pa�K of the Property. Is sold . ,�___
<br /> � or atherurtse trunaferred(other than by devise ar descent),aad F�`�
<br /> (ii)The Property is not occupied by tl►e pucchascr or grantce as�is or her principnl'restdence, or the L���.
<br /> � purchaser or Qrnntee does so occttpy the Property but his or her credit has not been upproved 1n 4
<br /> ��---°� � accordmnce w[th tbe requireraenta of the Secretary.
<br /> �::;:�� :, .::.�y=
<br /> . ,.y , (e)IVo Waiver.!f ctrcumstances occur thnt would permlt Lender to require immedinte pay�uent in full.but
<br /> l,ender doea not requlre such puymenta,L,ender does not waive ite rlghts with respect to subsequent events. ���--
<br /> (d)Itegulnttons of�Secretery• 1n manY circumstances regulationa issued b�r ths Secretary will lia�it ��•';__��
<br /> Lender's cighta,in the case of payment defauita,to requirc immediate payment in fuli and foreclase if not p::.��, -
<br /> paid.This Securlty Instrument does aot authorize acceleration or foreclosure if not permitted by re�utation3 ��_.`
<br /> �' of the Secreutry. ` -
<br /> ' (e)Morigo�,e Not Insured.8onower agrees that if thia Securlty Instcument end the Note are not determined ':°
<br /> ` to be eligible for insurunce under the Nattoaal Housing Act witbin 60 daya frora tha date hereof. Ixnder -
<br /> � .!�'':�
<br /> may. at ita option,require inamediate payment in tWl of alt sums secured by this Security Instc�annent.A ��.`_}.-
<br /> � �. written atatement of any authorized agent of the Secretary dated subseyuent ro 60 days from the dat�hereof. i;�`ti_.._
<br /> �� �� decliniag to insuze this Security Instrument and the Noto, shatt be dexmed conclusive pru�f of such ,rF,
<br /> .4 � �}.-_�
<br /> ineligibility. Natwlthstanding the foregoing, this opdon may uot be exerciEed by Lender when the ���
<br /> , unavailability of ivaurence is solely due to Leader's failurn to remit a mortgage Insurence premluix►to the �y-_.
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<br /> ` � 10. Retnstatement. Borrower has a r�ght to be reinstated if Lender htts reyuired immediate payment in full 2�:
<br /> . .,.-�y(i.
<br /> '�� b�cause of Borcawer's failure to pay an amouat due under tha Note or th{n S�curity lnstrument. Th{s rtght applles _.,:: •
<br /> � even after foreclosure proceedin8s are instituted. To reinatate th� Security Instrument, Bonower ahall tender ln a �,^y
<br /> �� lump sum all amounts required to brinII Borrower's account current including, ro the extunt they are obllgatlons of _..
<br /> Borrower uader thta Securlry Inatniment,foreclosure costs aad reasoaable and cuatomary attomeys'fees and expenses �`"�
<br /> , pmperly essoclated vwith the foreclasure procceding. Upon reinstatement by Borrower,thia Security Instnunemt and
<br /> �� �, We obligaUons that it secures shall remain in effect as if I.eador had not required immediute payment in tWl.
<br /> ` f� However. Lender is aot requim.sl to permic reina[atemeac if: (ii i.cndvr �,as ac,�cpid reia�sstesnens sfrer th° -
<br /> '`'�ip;
<br /> - commencement of fos+�closure proce�dings within tvae Years immediately preceding the contmencement of n cunent _
<br /> �`n�}I;' foreclasure proceeding, (ii) rejnstatement will preclude foreclosurc on different gmtuida 1n tha futute. or (iii)
<br /> reinatntement will adversely affect tha pr�ority of the lien created by this Secudty Instnunent.
<br /> 1!. Borrower Not Re9easedi �orbeAruuce By Lender Not a Watver. Exteasion of the tGna of pnyment or
<br /> �' �', tuadificadon oP ataortization of the sums secured by this SECtuiry Inatiument granted by I.ender to any successor it� `
<br /> •-�� f�':;� interest of Botrower shall aot op�rnte to release the liabutty of the odginul Borrower or Borrower's successor in
<br /> . •� s�� Interest. Lend�r shall not be required co commence pmceediaga agaiust aay successor ia interest or refuse to eatead
<br /> time for payment or otherwise modlfy amortization of the suma secuced by this Securiry instn�ent by reason of uny _.
<br /> � demund mefte by the origlnal Bomower or Horrower's successors in interest.Any forbearuace by Leader In exerclsing
<br /> _ :;`,.� any dght or remedy sue11 not be a wafver of or preclude the eaercise of aay d�ht or remedy. _
<br /> -•'��:Y:. :,-�r� ., 12.Suocessore sutd Assigas IItouadi Jafnt nnd Several LiabUtty;Co-Slgnere. Th�e covenunts and agreementa
<br /> ^�,;�•�;�*:-�, ��;F? of this Security Inatrument shall bind and benefit the successors and assigas of Lendar aad Borrower.subJe�t to the
<br />'":�„`;r�t.,,�.,;��� �� proviatons of para�saph 9(b). Borrower's covenants and agreementa shall hu joint and severril. Aay$orrower who
<br /> ."•`.,"�"��':'�',��", co-signs this Se�uriey Instnunant but doe.c not execute the Note: (a) is co-signiag tWa Secur[ry Insm��+ec�t only to _ _
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<br /> ::;:'T'�:'�`'��;�1�,,,.:;. mortgage.�rant aad convey that Horrower's interest ia ttte Pmperty under the terms of this Secuctry Inatn�raent; ) --
<br /> ' ���.'�_:':''s is not personally obligated to pay the sums secured by this Security Inatmment;and.(c)n8rces that Lrender and any _
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<br /> other Horrower may agree to eatend, modify,forbear or make any accommodatlons�vith regard co the terms of this _
<br />`�:;•,"'�i�:'••'.� '�, Securlty Usuuraent or the Note without that Borrower's coasent.
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