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<br /> (i)A!1 or part of the Prapsrty,or a beneIItclat inteeest lu u tr+�st owniag all ar p�ct of the Propertp,is s91d �. ..
<br /> �•� or otheiwise transfened(ot�er than bY de�'isc er desceny,and
<br /> ;; (ii)The Praperty 1s aot occupied by the purcheser or grante$ as his or her priacipd residencc. or the ----
<br /> �,;.� purchaser or grautee does so occupy the �roperty but his or der credit has aot been approved in -...
<br /> accordance with the requicements of the Saretary-
<br /> ��'� (c)No W a ivex.I f c i r c u m s t a n c c:s o c c u r t h a t w o�s l d p e r n il t L e n d e r t o r e�u i r e I m medtate Pa Yment ip full. but
<br />-- � i Lender daes aot require such payments.Lende�does not watve ita dghts with respect to aubsequent events. __
<br /> � : � (�Itegulations o4 HUD Secr+e4ei7'. In many circumstauces regulasioasa m�in fia�U a d for�eclose if;not `
<br /> �� � Lender's ri�hts,in the cx�se of payment defaults.to requi��nme��P Y _
<br /> . paid. This Secuciry Insuument does not aut�hati�e acceleration oT forectosune iP not perndtted by regulations --
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<br /> ,: .t of the Secretary. _-
<br />.; . (e)MortgaBe 1Vot�nsured.Borrower agrees tbat U thia Security Insuuraent and the Note are not deter�iae�
<br /> . to be eligible for iriaurance under the Natioaal Housing Act wlthin 6U daya from the dace hereof. �deAr -
<br /> ' .'' may. at its option, require immediate payment In faill of all sums secured by thts Secudty Instn�m
<br /> �a , " wtitten atatement of any authorized a8ent of the Sec�ta�+dated subseguent to CA days fra�the d:te hereof, -
<br /> .`::^;;;"'• . ��$ � �� � ���yr Lostnunqt �ad the Notc. ahall be deemed coaclusive pruof .�f such
<br /> ineligtbility. Notwithstanding the foregoing. tWa opdon may not b$ eacercised by Lendcr whea the
<br /> c'�k'�' unavailability of ins�raace is solely due to Lenda's fatlure to remit a awrtga�e insuraar.e premiu�t°the
<br /> ` � ��'' immediaLe PaYmEnt ia t�ill
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<br />==��r� 10. Reinstateaneat. �flrrower has a dght to be eeiastated if Lender has
<br />• ���• "� because of Borrower's failtiace to pay an amount due uada the Note or this Securlty lnstmment. 'I1�s r�Sht applies
<br />•�:�e;�a,�:i-� lnsuumeat, Bor�rower shall tender in a
<br />-:;��;; even after foreclosure pror.eedings are instituted. To c+eimtate the Secudty
<br /> :'=`_.,_':�� Iwmp sum al!amounts required to bring Burrower's account current including. to the extent they are obligadons of
<br /> --__�„_-,'� Borrower under this Security Tasuument.foreclosure costs and nasonable and customary auorneys' fees and expenses
<br /> .:-=_� �,mnedy assocIated wlth the foreclosure proceediag,U�son reinstatement by Borrower.this SewdtYPInsuum�e�nt�d
<br /> -_;��� the obligadons that it secures shall remaia in eSxt as if i.eader aad nvt cc�uir�3 i� F Yn'"
<br /> . ;j,.��..�,�� However. 1..ender is not required w permit reinstatemeat if: (i) Lender has ���nt oP a�cun�nt
<br /> ` ond
<br /> �� - co�nencement of foreclosure proceedings withia two yeus immedistelY P��� uads in e�e fuuu�e, or (iii)
<br /> '"-��'�.'�� ii reinstatement will predtude foreclosuri+ on difFerent gro u e
<br /> -----= foreclosure pmceedin8� ( ) �pNment.
<br /> -f A�- reiastatement will adv�rsely effect the prtority of the lien aeated by this 3ecuritY
<br /> :,".�,. 11. Borrowcr 1'lot Refeased; Forbesz�nce By I..ender Not a Waiver. Bxtenslon of the time of payment or
<br /> ��'� mod3tication of amorti�atlon of We sums secured b!'tt�ia Securlty Insuument gratite.d by Lender to any sacoessot ia
<br /> ,-t�� Bonov�er or Bomower•s succ�tsor ia
<br /> :_:_,�.;,�;� insenst of Borrower shall not operate W release the liability of the orlgtnal
<br />=-,�--�m•�• interest.I.eader ahall not be recNired w commenca proocalings against aaY successor in interest or refase w extend
<br /> —�-�=��'� dme for payment or othenvise modify amortizadon of the aums secuc�ed bY d►is Secudt}►Insc�ment bY mas°n of any
<br /> :a`"`'�� demsnd mada by the orIginal Bomower or Borrower's suooessora ia taterest.My forbearance by I.ender in exetcising
<br /> ----_ any dght or iemedy shall aot be a aaiver of or preelude the eaercise of any dght or remedy ,�ents
<br /> --- 12.Saooe�sors and Asstgns Boundt Joint and Severt�l Lta6tiih'i��eas.The covenants and agr
<br /> ---- of Lender and Bote+�wer. subjax to the
<br /> of thia Sccutity tnsavmeat shall biad and b�neftt the suocessors a�td�.as��
<br /> __ ,��__. provIsions of paragraph 9@). Borrower's covenana and a�reements shall be joint and several. Aay Borrower aho
<br /> oo-signs thia SecuritY Ins�u�ent but a°es not e�cute the Note:�(a)is co-sigatag����Y ���t only to
<br /> - -- -- tao8gage.grant aad canvey that Borrower's interest iaa the PrapertY under the terms of this Securlty Iasmamanr,N)
<br />-. -- is not petsonally obligated to pay the swns secured by t61a Se�udty Insuvment:and(c)agre�s that Y.ender end aay
<br /> other Borcower may agree w axtend. modifY.forbear or make any acoommoaations with regerd to the terms of ti�is
<br /> --- Security Insuumcnt or the Note wittwut chat Bon+ower`s consen�•
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