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<br /> ^ ' (i)Atl ar pnrt oI tha Propeny,ar a bcneficiul interest in n truat owninn NI or pan of th8 E�ro��rty. IB 6UId
<br /> ' ar othen�ise tmt►sferred(ather than by devisQ or desccnt).and .
<br /> ' „ pt) 'lt�e Pcopsrry is�►ut occupic��Y �theuProperty but htacorgher credit haa ao beendupproved�in
<br /> purchaser or arantee daes so accupy •�"�°
<br /> nccordsuece with the requirsmenta of the Secretary•
<br /> =� =�J A (c)No Wentvcr. If ctrcumsuutcea aceur thnt would permit Lendet to�quit�immediate paymcnt in flill. but
<br /> �� l.ender does not�+equire such paymsnts,l+ender do�s not�vaive ita dBhta with respect to subseqnent ev�nts.
<br /> . (d)Regulatlons of HiJD Sec�nrY• ��y�i'�°stnnoes reBulntlona lssued by the 5ecrelary will litnit `
<br /> Lender's dgkta. in the cu�e of pay►u�nt defnvlts.to cequire imme�iate pogment in Nl�atsd for�lose if not ,.
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<br /> ' paid.'i'hia SQCUdty Instcument does not uuthorize uecelerndoa or foreclosure if aot pern�ltted by reg nt ons .`
<br /> of the Secrccary. `'�'-`
<br /> (e)Mortguge Noi Insurer�.Borrower a���i����ri�tn�meat und t�e Note uc+e not detem�ned =
<br /> r to be eligible for insutuAOe�nder the Natlonul Housing Act �vithin b�duYs fram the d�te hereof. Lcader -
<br /> • may. at iu option.require immediase pay�ent in tWl of oll sums secured by thia S�ur�ity Instcuanent. A ��.�'--
<br /> - � wriuen statemeat of any autPtorirzd ugent of the Secretaq►dnted subseq¢eat to 60 dnyo ftom tk�dnte hereot. �
<br /> . .�Z' declining to ins�ue this Securitl+ Instcument aasfl tiie Nate. shall t�, dee�d eontlusive proof �i such ..:�: _
<br /> � ;.,�s,_
<br /> ,.�,,� iusligibiliry. Notwi�staadlag the foregoiag, th�s optfon rnay not be �xercised by Leader when the ',—_ -
<br /> �� , unavaitubility of insurnnce is sole7y due to Lender's failure to remtt a mvrtgage insurance piemium to tha �
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<br /> % 10. RetastntFmea� Borrower has a dght eo be reinsteted if L,ender has required immedi�te PaYment Uu tWl �:--
<br /> .,;�� bo�vse of Bozmwer's failure to pay an amount due uadsr the Note ar thjs SecwritY Insuuu�t. 'HUIS fiBbt applies �`,� ;��.
<br /> ' evxn f►fter foreclasure g�n8s tire lnatituted.To reinstate the SecuritY Insuuntizat. Bomower shall tender iu n �,..-^--
<br /> � lump sum oll amounts requiced to bring Basrower's s000unt cumeat includln�.to ths eauent thzy are obligatiaas of �:v,�,
<br /> �' liorruwer�udxr this Sacurlry Insnviment.f�closure c�sts and reason�ble suid customary attoiaays f�and expenses �,,..,-
<br /> .. p�r(y �iutE�l vrtth tho foreclosure p�inB• Upon eetastate�nt by Borrower.this Securi'�y'lasau�ent and
<br /> • -:<�::.�. _ the obiigations that it seau+es shall rem�in in eff�ct as if[�eader hAd not �4�aaoenced teinstntemcnt aft.a t�e
<br /> • .,;�•: . : .
<br /> �;1;,;c. Y However, Lender is not ce�uued co pemiit �ai�.,-ta�-�t if: (i) �r � -� -
<br /> '�'`�-s�. '} oommencement of foretlosur�psooead�nBs withia two yeu�s immediately prer�n�cfie com�aeaoeu�at of u cu1Y�t _
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<br /> � ��" forocIosure prooEadin�. (ii) reinstatement �vdll preclude foreclosure oa different g�ewnds jn d►e fi►ture. or (i )
<br /> .. I. � �instatement wUl adverJely aftect the prlorary of the lien cneated by chia Securiry Insuutnent.
<br /> �'�{'' � ll. IIorrower Ho! Relx�cli�o�°e By 1'0°der Noi a Waiver. Exeension of the dme of payment or
<br /> .'�`� t�is 5ecudry Insmrmeat grant�by Lxader to aay suoa�,sor in
<br /> �•:`�` mndi�cacion of amartization of the sums secured bY
<br /> °.. �..� interest of Borrower shall not operate to release the liabniity gf the orlgiaal �or in iuteres�oreret�se t�o e�ad .
<br /> �} interat. Lender shall not be reqnired to commenc�Pm�d�� a8� a°y' --
<br /> . � ° tiais for payment or othenvtse m�dtfy�mocd7ntion of the swps secured by this Secudty insuumeat by�c�eason of nny _
<br /> mo
<br /> demnnd made by t�e originall Bormv►'er or Bormwer's se�ooessozs in intcrest.Any fo:bEarnnce by I.ender in esercising , -
<br /> ., ` any dgfu or remedy sha11 aot 6e a wuiver of or pmclude the eaercise of eny rip,ht or t�medy. __ .__
<br /> --- ..�. 1Z. Su�essois nnS A�Bouadi Joint oad Severni Ltabil�tyi����s.�e coveaants and agreemants _Y
<br /> '_-.��.,^• of this Securiry Insuu�eent shell bind aaf�benefit the sut�essois and�signs of L�nder aad Borr�wer,subject to the
<br /> . _"..•� � provlsions oS ��agraph 9(b).Borrower'�movenants und agrcements shalt be joiat aztd s�veral. Any Bomower wha _
<br /> T .�' ,�:;,:�s'� ; oo-signs t�is Seciuiry Insmunent but does aat ezecute the Note:(�)is co-sign{n�thls Securiry Qnsb�ument only to =--
<br /> t and oonvcy n..TMat Borrower's fnterest ia�the Pn�perty under the terms of this Secariry Instcumeat:(b)
<br /> �.�� �--;;,:,,,; ti unatSage.6�
<br /> � ' �';'�tL��`� is aot personally obligated to�ay the sums s�ured by this Se�auuttry Insuun:ent:and<c)a8rees that Lend�aad any �
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<br /> _�� .,_..,,; , foibear or mnka any a000mmodadons�vith regarcl to the ter�ms�'F this
<br /> -;.�>. other Borrowrx tnay agiree to eAtend. modifY. ==
<br /> � :,.!,�>•' Secur(ry Iastaatment or ttte Notc wtthout tbat Bornower's oonsent. "-=
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