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<br /> �;�`��. 8. Fees. Lender moy colleet fees and charges authurized by tbo Secretary for tha Home Equlry Converaion
<br /> . ` Mortgage Insurance Program. =
<br /> ., •��+���'�� . 9. Grounds tor Acceleration of Debt
<br /> ��� (a) Due and Payabta Lender may reguire immedtate payment 1n fl�p of ali sums seeured by this Securiry �
<br /> � Instrument if:
<br /> _ ;S,# . (i) A Borrowerdics end the P[o}te�4y is not the princtpal residence of at least one sur�►ivIng Bortower,or �_
<br /> ��� (ii) All of a Borrowe�s dtle ia the Property(or hia or her beneScIal Interest in a tmst owning aU or pari of
<br /> �' the Property)is sold or othenvise uansfemed end ao other Borrower retains dfle to the Property ta fee
<br /> ' � siinple or rataias a leasehold under e lease for less tban 99 y¢ars wh�ch is renewable oz a lease daving a
<br /> remaiaing period of not less d�SO yeafa beyond the dat�of the 100th birthday of the y�ungest Horro�"�er
<br /> �.: .�, or retains a l�fe estate(or retaining a beneficial intereegtt in a trust vrith su¢h an Intatest in th�Property)�or
<br /> r
<br /> �� �iii� '!'he proparty ceases to be the princlpal residence of a Borrower for reasons other than death and the
<br /> " Property is not the prtncipal residence of at least one other Borrower,or `
<br /> ,.. •, .�' (iv) For a period oFlonger tban twelve(12)consecutive months,a Borrower fails to occupy the Property
<br /> '� because of phyaical or mental illness and the Property is not the principa!residenae of at least ona other �
<br /> _-�';i,:'r`,hi. Horrower;or
<br /> ;:,.'y;c• (v) I#n obligadon of the Boirower under this Securtty lnshvmeeut is not perfmraed. _
<br /> :,;'i:��..�., (b) Notice to I.�nder. Bonti►wer shaU notit� Lender wheaever any of the evemta listed in Paragraph -
<br /> : :,i g(Axii}(v)occur.
<br /> ., .,,.,;,.<<.
<br /> '_:�.,,. , . �, (e) Notice to Sorrower. Lender shaU notify Horrower whenever the loan becomes due and payable under
<br />'';,�'fi�"." �� � paragrapb 9(axiIj-(v).L.ender shall not have the rlght w commence foreclosure undl Bomower has 6ad thirty
<br /> '" `'' � (30)days after notice w either.
<br />- .'��'=�_,_ (i) Correct the matter whfch resulted in the Securlty In.gtrument comiag due aud payable;or
<br />:='-��y;•;� (ii) Paythe balaaccla fult;ar ,
<br /> '"'"`.'�+.�w: (i�i) SeU the PropEtty for the lesser of tha balance or 95%ofthe apptaised value anel opply the net proceeda
<br /> -^`�•`� of the sate towercf the balaz►ce;or
<br /> `==�,�� (iv) Provide the Leader with a deed in lieu of fareclosure. �of du
<br /> r�-j.� �?"� (d)Trasts. Conveyance of Bo:rowe�'s intensst in the Prope�ly to a t�ust which meets ihe requirem
<br />-: .`.J""°-=� Secntary,or ¢onveyanca of a uust's interESts In tha Property to a Basower, sdall nai Is�conside�d a
<br /> ---°"��' canvayaace for purposes of this Peta�aph 9.A m�st shall not be considered an accugant or be considered as
<br />-���'""'`�''� having a principal residenoe for purposes of this Paragraph 9.
<br />"-��`�'�''"'�"'�`� 10. No Deftcieney Judgmente. Boirower ahall havo ao peisonfsl liability for payQacat of the debt secueed fsy
<br /> _�.--�- =��.• thjs Seciulty,Instivment Lendrr may enfores the debt only thmugh salv of the PropertY.Lender shail aot 6e
<br /> -- pemii9ted to obtain a defidenay judgment egeinst Bomovver if dte SecurIry Instrwnent ts foreclosed.
<br /> - 11. lt¢tastatemenL Borrower has a dgtet w be reinstnted if I.endet has reguircd imanedlate payment in liaU.
<br /> This rtght appUes evea a�er foreclosura pmceedia8s ere instituud To re�e this SecuritY Instr�men�Botrower
<br /> - - shall eomct the condttion which nesulted in the requirement for immediate payinent in lUll.Forxlosure costs and
<br /> _ �-� z+easonable and cnsmmary adLuirteys'fas and expenses PmPerly assocIated wIth tho ferealosure pro�din8 s1�e11
<br /> be edded to the principal balance.Upon rainstatemeat by Bomnwer.this Secialty Imstru�ent and ths obltga�ons
<br /> - that it secures shall remain�n effect as if Leacler had aot ra�uired immediate paYffient in full. However,Ltnder is
<br /> -_-- _-=----� Aat rog,��rec� •o �rmit mins�te�ment i� (7 Le�tder has eccepted�fas�temeut aRa the eomtnenc,�ment oY _
<br /> �- .. __._ �
<br /> __- -- - fo�eciosiue pn�eedm�w€iain ��a ��ss I�es3latesy•�►_r-�Alug!b�cammest=ement c+f e cun+ent faectoswa
<br /> --- P�&.(i�reinstatement will p�ciuda forcclosure on diffenent�rounds in t�e i�pue�ur(fii)rei�statemeat
<br /> ------ _ wIU adversety affectthe priorIty ofthe Security Instrument
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