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<br /> ,, cwwrdi.�fna�+a�am.uad�r tiu Nae.na d�h securGy l..auo�ut�n.0 be p.+a w We ati11►1e�allr.aWled I�lo. ._. , . ..;_
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<br /> __- U) De[�ult. I�ender m�y. ezoept an limited by regulatlom I�cued by�he Sacretary in�ho care o�paymp�t defaula.
<br /> roquine immodl�ta payrt�ent in fwll of all wms secured by this Socudty Inchument if:
<br /> (i)Borrower defaults by f�iNng to pay in fiill�ny montMy pAymeM roqui�od by this Security In:ttu�au�t prlor to ar
<br /> an the duo dote of Ihe�cxt monthly pwyment.or
<br /> (ii) Bornower defpults b�r failin�. for a periad of�hirty �ys.to�perform any ati�r obll�ulonc oontained!n thiR
<br /> Sowdty I�ub�umea�t.
<br /> (b)Stle Witio�t Cre�It Appraval. L�eader shall, if pernuttod by applicabla law and with Ihe p�ior approvd of tho
<br /> � Soc�etary.re�i�e i�m�odiate payma�t ia tull of all sums savrod by lhis Security instrument if:
<br /> (i) AII or p�rt of the PrapeAy. or a beneficial intercst in a aust owning all or part of tho P�ope�ty. u�dd or
<br /> athenvise uantfernd(other than by devise or descer,�T by ihe Borrower.and
<br /> (ii) Tlie P�operty is tat occupied by 1he pura�fiasc� or gr�u�tet as his or her prineip�l naidenoe. or Ihe '
<br /> ... .-�_— _ purch�ser ar Erantec does so occupy the Propezty k�a 9nis or'trcr ct�.�wlit hos not been approvod i��000�dance wlth the . '
<br /> roquinemaKs of tho Socntary. '
<br />_- (c)No Wdver.If circumstances occu�that would permit[.ender to mqui�e immadiate payment io Full.but Lender dues
<br /> - nat roquirc ruch payments.Lender does�ot waive its�ights wlth respect to subsequent events.
<br /> (d) Re�ul�tiot�of HUD Sacr+et�ry. laa�nany circum�lances�+egulutions issued by the Secretary will limlt l.cnder's
<br /> __ _ �ights in the case of payment defauUs u•a rcquire immaliate payment in fuil anl foreclosc if not paid. This Securiry
<br />�� Instmment does rat authorfu acoeleration or ioreclosuro if�wt pernutted by regulatbns of the Secrctary.
<br />,us (e)Moetg�e NM Insu�+ed.Borrowe�agne.s that ahould this Security Insuument and the Nate secured thereby�ot be ,
<br /> _ _ digible for inwrance under the Natiix►�G Hcwaino Act within fi0 day Pmm the dnte hereof, I.endcr may, et ita option
<br /> .-� , and ootwilhstancfi an m in
<br /> ng yth' g paragraph 9,require immadiate payment in full of all sums securcd by this Securfry
<br /> •, Insuument. A writceo tit�'u�ent of any authorized agent of the Secrctery datod subsequent to 60 days fram the date
<br /> _ hereof,declining to instcr�e this Security Instn�ment end the Note socured thereby, shall be deemed conclusive proof of
<br /> - such ineligibility. Nawithstanding thc to�egoing,this option muy not be exercised by Lender when the unavailebility
<br /> ." • , of insu�ance is solely due to Lender's fuilure to remit u mongage insurencc pr�emium to the Secrctnry.
<br /> - �' 10. Rdnstatement. &�rrower has a right to be reinstated if Lender has required im�nediate payment in full bew�asc of
<br /> � "i`��''�� Borrower's failure to pay an amount due undcr the Note or this Security Instrument. This right applies even afler fi+Qecl.�sure
<br />_, � , ,3,;.
<br /> ��;�.� . praceedings are institutcd. To reinswte the Security Instrumcnt, Born►wer shnll Icodcr in a lump sum all umounts req�aired ta
<br />__ �•.:�, bring Borrower's account curnent inrluding, to the eatenl they are obligutiuns of Borrawer under thi�Security Instrument,
<br /> ,� foreclosure msts and reasanable und customary attomey�' feec und expenses properly ussociuted wlth the foreclosure
<br /> pra�eeding. U�on feinstntemeat by 9orruwer,this Security Instrument utK!the obligulions that it secures shall mmain in effect =
<br />- �,4�,� as if l.ender had not required immediate payment in full. Howcver,Lender is nrn required ta permit reinstatement if:(i)Lender
<br /> • .`'`r hac accepted reinuatement pfier the commencen�ent of foreclosure pnxeedings within two years immediately pneceding the
<br /> • ; ; �•.�ti. oomtnenvement of a cu��ent tareclo�ure proceedin�t, liil reinstutement will preclude foreclosur+e on different grounds i� the =,
<br /> {^,�'�,';�'`� future,or(iii)reinstatement will adversely Aifect the priori�y uf the lien rreated by this Security Insmunent.
<br /> ._t?'" ,.a.;:
<br /> _� ��_���_ 1 L Borrower Not Released;Forbearance By Lender Not a Walver.Extemion of the�imc of payment or modiU3cnilon of
<br /> �" "�p 9mor1iz�lion of the sums xtiure�l by this Scrurity Instrument grunteri by I.endcr to uny surcessor in interest uf Bomower shull
<br /> �� +�.��.;�t not operate to relea.se the liability of the originul Born�wer nr Bormwcr's surcesux in imere�t. Ixnder shull not be required to
<br /> — commence praceedings against�ny successor in intereu or rcfuae t��eatenJ time 1'or payment or utherwise tnodify wnohirntiun
<br /> - r '`� of the sums secured by this Securiry Instrument by re•rson of uny demand mude by thc original Bomnwer or Burrowcr's
<br /> , �
<br />_•' .,s,:��,�,tr, .� successors in interest. Any forbcarance by Ixnder in cxercitiing any right or rem�Yly .hall na ln a wuiver��f nr prctilude the
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<br /> _ � +ti�,.�,�,;:. exereise�P any right Tr remedy.
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