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<br /> . ehe monthlY P�Ymen�t„ Mhtah u+e rdxrod W in para�nph �, ar ahan�e the unount ot suoh pyma�tr, Any e�
<br /> �p,���ov�er�n amow�t e�equirod to p�y all auott�adinj it�debt�dner Widar tlre Nouand ehl�8�awlty In�wa�at�hall�-
<br /> � ' i�pdd to ehe�atltq teplly entid�d tlienro. .
<br /> 8.Fea.tader m�y oollaot taas and ahu�autho�ised by the Sea�y.
<br /> --- - — !.(�ro�Qa tor Aseokratioo ot 1?eb�. . -
<br /> _�"�, ---- — - (s) Defanl� Lender m�Y��Pt se limited by re�ul�tione iasued by tho Saoretary in t��a c�u of paymeat -
<br /> ; det�ul�,require immedi�te p�yment in tull oi dl sumo eeaurod by this 3eowity Inetrumant:f:
<br /> -Y'� (t) Borrower det�ults by failie�to pay in tult any monthly p�yment roquirod by thi�Seaurhy lnrtrument
<br /> '3"•�` or to or on the due d�W at the nert munthly p�yment,or
<br /> - ii)BormMer det�ults by hiliq�.tor a perlod ot thiety d�ye,to pertorm�ny other oWi�doru aont�ined in
<br /> — —�,,��. xhis Security Inetrumen�
<br /> .��._� �°--��.�,�:�:�� �.,._
<br /> �'�"' � , (b)S�le Wit6out Crod;t Ap�ov�l.Lender shall,ii petmittad by appI�cable l�w and with the prior app�ov#1
<br /> ����:� 1ir
<br /> `' '� ' . at the Secrotuy�requiro inamediate payment ln full ot ali suma secural by tbis Secur�ty Instrumet�tit:
<br />-'� ;,;;, ,„��,�;-���- , '(i)All or prt ot tho PropeRy,or a benefi�td interest in a trust oaning�il ar p�rt ot the Prnpmty.is sald or
<br />.�,,�„ �� otherwise trans[erral{other tl�an�by deviae or daecent)by the Horrower.md �.
<br />� ,,,�'����� ° • (ii) TAe Pmperty ie not occupicd by the purch�sec or �ntee es his or her principal rosidenae, ar the e--
<br />= puroMeer or Qrantee doea so occupy the Property but hie or her cr+edit h�s.not been spprovod ia�mrdpnte
<br /> - ;� ,- °-` _ .. with the requittismenta of the Secretary. �
<br /> �-. �`--.�v .. .NTMh.. - �___
<br /> - (cl No W�#ver.]f eircumstances occur tiut would parmit Land�r to regu3re immodiate payment i�tull,but� � �
<br /> �..,.,Y.� :.... Lender daes not reqnira such payme�nta,Lender doea not aaivo ita ti�hta wi3h respect to eubcequent events.
<br /> + � _
<br /> � �; . . : , (d) Re�ulationa ot HUD Secrotsry. In many circumstancea regulations issue� by the Secrotery will limit
<br /> ,.:�;�,�„�:;;;.`�� Lender's riBhta in the case of paymentdet�ulte to require im�nediata peyment in tull and toreclose a4'not paid.
<br />-��' ��='' � ';;;`;�;o,r�• Thia Security Inatrument does not a�nhorize aaasleration ar forecloaure i[ not parmitted by roRuletions ot the
<br /> ,, �.�`,�•,>, �,�� Secr+etary. .
<br /> .K ..� .,+�r'L. . .
<br />.. e.�.. .,,. . .;}�'i'�:
<br /> �•,,,n,.-_�����;: � �(e) Moctgage Not Iasured. Borroaer agroes that ehould this Security Instrumont and the Note secured
<br /> ,,: . thereby nat be eligible for ineurance under the Natiana) HousinQ Aet within 60 days trom the date he�eof.
<br /> - •' Lendtt m�y,at iiso�+tion end no�witlL�ndingenything in p�g��h 9, roguire immedlate Qaymentin tuli otsll
<br /> ��'"' ��a�`��'�`" ' suma secured b this Securit Insuument.A wrttten statament of en euthorized a ent ot the Sarote d�ted ,
<br /> :.�:' 4' ,`s-' ,,. . :�; Y Y Y 8 rY
<br /> " "' ���`. �,�,� subeequent to 60 days irom the date heroot,declining to ineure tt�ia Security Tnstrument and the Note seaured
<br /> � �1►�M �1�5
<br /> 1t-.•;} � � thereby,ehell be deemed conclusive proo[of such ineligibility.Notwithstanding the foregoing,thie option may
<br />_ ' -;r-,.;•.::,-,-r "t:;.. � not 6e exercised by Lender when the unevail�bility of ineurence is coMly dua w Lan�lnr'a[�i1uro ta�emit a ---
<br /> ��
<br /> ` � � .. ���'.�.�f:';:��: , mort�aQe insurancx pnmium to the SxroUry.
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<br /> i� ,�rfi;y,. :F � 10. Reioetatement. Hormwer has a right to be rainsteted il Lender hes required immediate payment in (ull
<br /> �-,. because of Borrower's iailuro to pay en amount due under the Note or this Security Instrument.This right applies even �°'
<br /> - , �;�.;.,:,, _=
<br /> _m •••.,-� . ..;,,.�Mw��, att�r toroclosuro proceedings arrr inetituted.To reinstau tho Security Inatrument,Borrower ehdl tender�n a lump eum
<br />-` � �r""�' • "}��,- ;;{� all amounts required to bring Borrower's account current including, to the extent they are obligations of Bonower =__
<br /> t�• " ` .� '�:''�`���•` under this Seaur�ty Instrument,toreclosuro costs md reasonable and cuatomary attorneys'fas and expenses prc�perly �".�
<br /> , . ; ,.. . •�: �•,1�;,,•,,�; , _•-
<br />• ;;n•�� !�. :� ':�)%�::,: .� ewoi,tiated with the foreclosuro proceeding. Upon reinstatement by Borrower. this Seaurity Instrument and the
<br /> ''�=�' •"r';r�"�• •;it�f�j 1`1,;. -
<br />�;�, , 1;���°t�t; � obligations that it secures shall remain in ettxt as if[.ender had not requited immediate payment in lu13. 7-lowever, .�.�,
<br /> �,, t ��+ �,�„ ����;�• ' Lender ie not roquirod to pocmit reinstatement if:(i) I.ender has ascepted ninstatement atter tfie commencement ot
<br /> �-; �,�• �,���',�' ' . [oreclosuro proccedings within two years imrnediately pteceding the commencement ot a curnnt 3�oreclosure
<br /> ?r� ��'•�,. . eedin ( �....
<br /> ., ,,..�t���} ,-, proc g� u) remstatement will proclude foreclosure on dittetent grounde in the tuture�or (iii) rainstatem�at will
<br /> • , , . adversely�ifxt the priority of the lien created by this 5ecurity Instrument.
<br /> �.=� �''� 11. Borrowor Not Ralased; Forbear�nce By Leadet Not a Wsiver.Extension of the time ot payment or �_;.,,
<br /> • �. �� •. ��_,, ';' modi[ication of amortizstion ot tho sums secured by this Security Inatrument granted by L.ender to any successor in �`'
<br /> u ,,�,±s' . . .� interest ot Horrower shall not operate to release the liability of the ori�inal Borrower or Borrower's successor in •--
<br /> t:�^ =.;�'• �- .;;.:��! ;• interest. Lender ahall not be required to commence proceedings ageinst any successor in interest or retuse to eattend E'�`•=
<br /> < <; �.�•-
<br />,I��', ' �. . time tor payment or otherwise modity amortization ot the s��ma eecured by thia Security Inatrument by reasan of any
<br /> �^` " '� demend made by Y�e original Borrower or Borcoaer's successors in interest. Any forFiearance by I.ender in exercieing
<br /> :�• any riQht or remerDy�shaU not be a waiver ot or preclude the esercise of any ri�ht or remedy. `.
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