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<br /> reTemad w in p�r�roph 2. or c!w►�e the art�ount of Such pymem�.A�y exow proceed:over an amau�►t nequined lo p�y all
<br /> outwadlt�indebt�doa�under tbe NiKa aad N�Sawsity irouu�aunt�all ba qid to 16n a�ity le�ally entiekd tl�et►eto.
<br /> �.Fees.I.errier�y oollact fea�td chu�a��wu�wdsed by tha SeceKtary.
<br /> !.Gro�a�dr far Aco�Nratlo�at D�bt.
<br /> _ "-'°'�.—_"�'��"'°._�.... l�l Dd�alt. L.ender m�y. exapt ar limitod by regulAtions iswed by the 5ecoaary in�he ca�co nf p�ynKnt�iefiulW�
<br /> roquire immedi�te p�ymem in full of all swnc securod by�his Secudty Irotn�maM if:
<br /> (i)Bomnwer defwlts by failing to pay in full any monthly payment reqairod by thl�Socutity Inclrunknt pdor w or
<br /> an tho due d�te of ttie aeat monthly paiyment.or
<br /> � liil Borrowa defwits by failing. for a pariod of thiny day�, to pert'ome any dher abli�wUono conuined in thi� ,
<br /> Sa�u�ity Ioctn�mau.
<br /> - (b) S�b WNhout Credit Ap�nnval. Lender ahall,if pern�titted by applicable law aui with the pdor Approval oi ttio
<br /> Sa,�ar,�,ra�ire immediete payment in full of�1 swr�secuned ay this S�cvriqr lns�n�nnent if:
<br /> (i)All or p�rt of thc Property, or a benefici�l interest in a tn� m�ning �11 or p�t of 1hc Nioperty. is sold or
<br /> dherwisc 4rmfemed(othcr thsn by derise o�des�eutl by lhe Borr+�wer.anci
<br /> -_ (ii) The Property is not occupied by the pu�chwa: or grnntee as his or her principaJ rssidence. or tUe
<br /> � pusch�ser or grantee does so occupy the Pmpeny but�fs ar her cnedit has not hoen approvod io�oeo�danoe with the
<br /> - �uit�emems of 1he Sxrewry.
<br />_ (c)No Ws►Ice�.lf circumstances occur that would pemu�Lender to reyuine immediate payment�r�f�ll,but Lender does
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<br /> �ot reyuire such payments.l..ender does not w�fve i�s rigPws �vlth respect w subsequeeu ev�nta.
<br /> .- . -�•�, � (�7D �eRulalloru oI HUD Secnetary. In meny circvmstances r+egulations issued by the Secrdary will limit L.eiai�zr's -- -
<br /> "` + J' dghts in the case of payment defaults ta require immediate puyment in full and foreclose if not pnad. This Secu�ity
<br /> . ��=�1�,,� lastfument dc�es not authoriu accelerntion or foreclowre if not permitted by regulatio�u of the Secretaay. ,�
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<br /> :� � i' (e) Afortgage Not Insured. Barrower agrees thAi sh�Mwk9 afi�is Security Instrument and the Note secured themby a�at be �
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<br />'.; eligible for insurance under the National Housing Az t within 60 days from the date hcreof, Le+xler may. at its option
<br /> " - �V?���„F.}ti� and ncnwithstanding anything in paragrAph 9,reyuire inunediate payment in full of ull sum�s scrurrc3 by this Setudty
<br /> ' `>�'.':::�, Insttument. A written stetement of any authorized agent ot'�he Secre�t:uy dated su'bsequ�nt to bQl days from the date �-
<br /> •` 4#�' �;�.;�; hereof.decli�i�+�to insure this Secu�ity Inslnament and the Notz secured�trireby, shali be deemed conclusive proof of
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<br />- ' ��;;: .��-r;:.,�'�;� such ineligibilaty. Natwilh�lnr+Qing the foregoing. thi��ptinn may not be exerri�ecl•�,�lxnder when the unavailability
<br /> .i-�Y°�:.•tiia i�:';-.:.:t of iosurance is sofely due tn Lender's failure to remit a nwrtgage insu�x prerniaam ta the Secretary.
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<br /> .�;b=;4'd�-,;�:`, 10, Relnstotement. Borrower has a right to t�c rci�slatcd if L.ender hus required immediate payment in full because of -
<br /> ,�,: � • ���, Borrowcr's failur+e to pay an umount due under thc iti�ue or thi�5ecurity Instrument. This right applies even after foreclosure
<br /> ��'"�"��� ����!:a p�oceedin�s are instiwted. To reinstate �he 5ecurity 1 mtrumern, �orn►wer shall tender in a lump sum all nmounts required to -
<br /> -,�= � `., . � bring Barrower's accaunt current inrluding, ai the extent th�y are nbligution,��f Borrower under this Secu�f�y Instrun�ent, �_
<br />�� � � ,�. - foreclosure costs unci reaumuble nnd customary uttorneys' fees und expen�ex pmperly u.csociuted with the fareclosure --
<br /> ' raceedin U n reins�aten�en�b &►rrowcr, tha�Securit In��rument unJ the obli utions thut it secures+6a11 remAin in effect �_��•
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<br /> ' '`�"= - `--+�'� es if I.ender had not r uired�mmediate � ment in full. Howcvcr.L.ender i�nol r uired w rmil reimta�emrnl if:(i) Lx�Kler �""
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<br /> ••� " •�� r�•" hus nccepted reinswtenxnt after the commenrement of foreclo�ure pmreedings wi�hin two yet►rx immediately preceding the
<br /> - '"{ � ��'� � commencement of u cumenl foreclosure prx�ceeding, (iil rcin�:tulement will preclude foreclosure on differcnt grounds in the � `
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<br /> •• �`' , , fuwre,or liii)reinuutement will�lverkly afl'ctil the priority nf the lien crr�led by thi�5ecurity Instrument. �`
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<br /> ;�.�. • 11. Borrower Not Relea.sed;Forbes�rancc B�•I.ender 11ot u 1Yalver. Extemiun uf the timc of puynx:m or modificAtion of =
<br />_, ' ' " umonir.�ti�n of the+umx�c�urod by �hi.Sc�uriry Imtrumem granteci by L.enJer tu any weceswr in imere�t of Borroa•er,hull ��-�
<br /> ����- not opera�c to releasc the lis�biliry of the original &mowcr nr B��ric�a�er'.,ucrc,�ur in imrre,i. L.rnJer shall not be rcyiaired to �_
<br /> • T commenre pnxeaiings ugaimt any xurcc�x��r in interc�l or rcfa�.+e l.� cx�rnd iimr li►r paymcnt ur uthcrwi.e nx�dify umonizatian �°-
<br />:� � '" . � � of �he �ums s��ured by this Security Instrument by rcatinn ui uny Jemund nwJr by tlie originul &im►wer o� Borcowe�'x ��
<br /> `:f. :''v'`�.. � . surcexson in intercat. Any forlx•rruncc by LenJrr in rxrrri+ing any righ� or rrmrdy�hall not hr a wai�•cr of or prerlude the
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<br /> �'`' exercise uf uny nght ur remecly.
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