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<br /> ��� referred ta in puragraph 2,ar chango the amount of such pwyments. Any excess procaods over an amotmt roquired to pay all
<br /> :�- - out�wndin�indebtedne�x undcr the Note and this Socu�ity Inurument shs+ll be paid to tho emity IeQ�lly andded ther+eto.
<br /> —_� 8.Fea.Lender may collect fea and chyt�es wtitorizad by the Secrcwry.
<br /> --.-� 9,a�r���ao�ot uew.
<br /> _� --�-- --=�° (a) Default. L.ender may, cxcept a9 limitai My reguletions issuod by the Secrelary in the caKC of peyrne,nt defiwlb.
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<br /> ___u,� requirc immediate payment in full of all aums securcd by thia Secu�ity Ins�n�ment if: c
<br /> _-�;.� (i)Borrower defeults by failing ta puy in full any monthly paymcnt nquired by this Secudty Intitrument prior tu or
<br /> _;c�J on the due date of the next manthly payment. or
<br /> ---��,;�: ;°� {ii) Borrower de!'aults by failing, for a periud of thlrty daya. to perform any other obli�ationa contained in thia
<br /> _--=,-,,;, Securiry Inatrument.
<br /> --�-- - T` `� (b) Sale Without Credit Approval.Lender shall,if permitted by applieable law and wlth the prior Approval of the
<br /> �.:e��°'�• Secre , uire immr.diate a ment in full oFall sums secured b this Securit Inatrument if:
<br /> --:�J;�, �ery req P Y Y Y
<br /> -.��„m-,_-" � (i)All or part of the Pmperty. or a beneficial interest in a trust owning all or part of the PropeRy, is sold or
<br /> _�;�=�;�. otherwise transferrcd(other than by dcvise or descent)by thc Borrawer,atid
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<br /> � __,A_,.�.., ,, (ii) The Property is not occupied by the purcheser or grantee us his un c�r princ:ipal residence, or the
<br /> -�- :a_ purchaser or grantee does so occupy the Propeny but his or her credit has not been approved in accordance wlth th�
<br /> "�` �;,;��-� � requinments of the Secrewry. --
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<br /> _ — • (c)No Walver. (f circumstances occur that wauld permit Lender ro require immediate payment in full,but l.ender does
<br />- ` not require such payments, Lender doec not waive i�s rights with respect to subsequent events.
<br /> ����:?'%��; .
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<br /> -° _.,, f,;, .�,, . (d) Re�ulations of HUD Secretary. Im m�ny circumstances regulations issued by the Secretary will limit Lender's
<br /> , , , righta in the case of payment defaults to require immediate payment in fuil and foreclose if not paid. This Security
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<br /> � Instrument dces not authoriu acceleration or foreclosure if not permitted by regulations of the Serretary.
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<br /> '"�"�� ;�� (e)MortgaQe Not Insured.Borrower agreec that should this Security Instrument und the Note secured thereby not be
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<br /> ���•��__x,_,.. eligible for insurance under the National Housing Act within 60 dnys from the date hereof,Lender may. at its option
<br /> °� �-�'""'=� a�Ki uutwiti��t�uhiin i+n�tl-�in jn ara ra h 9,rc uirc imma33atc a•ment ia fu!!of a!! surns :.ecured b� this Secusi!�
<br /> ;:u�• . a - g ►ny � � P B P 9 P 1 5 )
<br /> °"�'= �� �. ' Instnament. A written,tatement of any authorized ugent of the Secretury dated subsequcnt tc► 60 days from the date
<br />-�,� �'� �����•:, . hereof, declining to insure this Security InstrumeM und the Note secured thereby,shall be deemed conclusive proof of
<br /> _,:�, ;;�=.• ,, � such ineligibility. Notwithstunding Ihh!� foregoing,�his option mey not be exercised by l.ender when the unavailability
<br /> ;;� of insuronce is solely due�o Ixnder's Fuilure to remit a mortguge insurance premium to the Secretary.
<br /> .;# '�'��°�� '� 10. Reinstatement. Borrowcr hus a right to b�- rein�tatcd if l.enJer hu, required immediutc pnyment in full because of
<br /> �'� �'•�'°'� � Borrower's failure to pay an umount due under the Note ar thi,Security Inxtrument. This right upplies even ufter foreclosure
<br /> � ,".:..�:,.a.
<br /> . ° proccedings are inrtituted. To reinstute the Security Instrument, Borrower shnU �ender in u lump xum ull a�twunts required to
<br /> °�°�` ,..���• ° ^ bring Borrower'ti account current including, to the extent thcy ure ��bligutionti ol' &►rrower under this Security lnstrument,
<br />•° ° �""°���� foreclosurc costti and reasonnble and customury uunrneys' fecs und cxpenses praperly nssociated with the foreclosure
<br /> -.»� '.s��.M:�+�• proceeding. Upon reinstutement by Bormwer,thix Security Instrument anJ thc obligations that it x•cures shull remuin in effect
<br /> A:•.w�*
<br /> ':•s , _4� as if i.ender had not requireci immediate puyment in full. Howcver,l.ender is not required to permit rein�totement if: (i)l.ender
<br /> '�'` hus uccepted reinstatement ntier the cummencement af foreclasure praccxdin�� within two yeurs immediutely precedina the
<br /> _. . , •� c ,
<br />���,� "�'�- A• • • commencement oP a current foreclosure proceeJing, lii) reins�atement will preclude Forcrlosure on different grounds in the
<br /> :-µ`r, ` .�•;�., future,or(iii)rcinxtatement will adversely affei:t the priority of the lien created by this Security lnstrument,
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<br /> �R�_� ` . 11.Borrower Not Relen.x�d;F'orbearuncc Rv l.endcr Not u Wuiver. Extencion of the time nf payment or mcxiiticution of
<br /> - ..;.�.. :,��. nmortirntion of thc sums.r•ccured by this Securiry Inswment gmnted by Lcndcr to uny succcssor in intcrest of Borrower shull
<br /> - ,�,..�.�:-,`:. . not�pernte to release the linbility of the uriginul Borrower nr Borrower's successnr in interest. Lender shull ix►t be required�o
<br /> commence pmccedings ugainxt uny wcce..or in interest c�r rcfuse ta extend time fi�r paynx:nt or othenvi�e modify amortix�tion
<br />_- ,,. e�,,�s�� of the sums secured by thiti 5crurity Instrument by reu���n uf any JcmanJ muJe hy Ihc uriFinal B�►rrower or Borrower's S
<br /> •• •. � .. succetisors in intercs�. Any tiirbcarancc hy L.enJer in exercising any right ur r�nxJy .hall not he u w�iver of or preclude the i
<br /> ° . . exerciae of uny right or remedy. �
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