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<br /> nefcmd to�n paragaaph 2,or ciiauge the a�a�ount oF such payments.Any exoess proceods over aa amount�equired io pay al!
<br /> outstaoding icjdebteda�ss ur�det tite Nose aisd tAia Sc�urscY Insuament s6a116e paid tv the entity legally�ntided theretn.
<br /> _ � B.,Fees.L�ender may colla�t ftes and charges autIwrized by the Se�retary. � •
<br /> -- �.Gmueds[or Acceleration ot De6t. �
<br /> - ta)DefaWt.I.ender may,except as limited h�mgut�u�aus issued bY the Sec�etarY in the c�e af�aymeac defauits.. -�-__---
<br /> regnire imme�iate payment in fait of all sums secured by this Security Insuument if:
<br /> ' (i)Barmwer defaults by failing to pay ia falt arry monthty paymenL re4uired by th'ss Se�vriry Insuument Psior to or — -
<br /> _ on the due date of the next montfily payiaent.or --
<br /> (iiy Borrower defaulcs by fa�ing. for a period of thicty days.to perform,any other obligations contained'm das
<br /> -_ — Security tnstrutne�n. - -
<br />:��� - .
<br /> (b),,Sale Withoat Credit Appmval.Lendec shaU.if pem�itted bY apPlicable taw and witb the prior apPrqval of t�e, —
<br /> Secretacy.reqnire immediate paytnent in full of ali siuns s�b}'this Secu�i�Y Insi�u�cnt iP: �_ -- —
<br /> ` �}.qll or part of the Property. or a beneftcial interesi in a tmsE owning ail ar part of the Prapeny, is suld or =-_-�=-
<br /> atheiwise tian.�!'+eat�od tother thaa by devisc qr descent?6y die Borrower.and ��=�"
<br /> - (ii) The.�t is not occupiea by t��,punchaser or grantee as his or her principal residence. or the �'=�=_
<br /> purcha���..�:_ee dces so oavpy the�iu�ziy but his or her c�edit has not heen appraved in accord�[ce with the �-
<br /> �qCdreci�s'n£`die Secretary. , . �
<br /> _ �:
<br /> : ' , ` ';T�. ..� :. � nt in full.but Lenderdoes °�"`--
<br /> �, (c)No Wai�i�:_fi`�ar;�umstances pccur that w�cufc�pennit[:ender to requim unmediate payme _ _�__
<br /> not require suc3i�`tnents.ixader dces not w�oe it�rights with respect to.subseguent events. , • ' �#'•':
<br /> ��:
<br /> � , •..F�;,;�_�
<br /> -y . (�RegWations of HUD Secretary. In many circumstancc-��regulations issued by the Secretary will limit Lender's .,.: .Yr�
<br /> '°,•� tights in the rase of payment defauits to require'immediat+:'paymeni in ful!and foreclose if not gaid. 7'his Security --
<br /> • lc�swme�rt does not authorize acceleratioR or for�closure if not permitted by, regulations of the Serretary. _ --
<br /> � (e)Mortgpge Not Iasared.Barrower agrees r� 's.'r_�e:3 th'ss Securit��ment and the Note secured thereby not 6e '''"'"' ���•-�
<br /> ; ......'s ti: .;,._:
<br /> ';:�„',r �„ eligi'bte for in.surance under the National Hau�-;".^�;Act witLfa Ed days from the date 6ereof. Lender may,at its option . ��_;�::;;�;;,-_
<br /> and natwithstanding anything in paragraph 9;.mquire im�e::::cr payment in full of all sums secured by this Security _ •
<br /> •,�F �� lnstrument.A written statement of any authari�d agent of the Secretxry dated subsequent tn 60 days from the date �� ^�'��
<br /> � hereof.deelining,to insure d�is Security lnstrarr�t and the Note securec€ctiereby.shali be deemed candusive proof of :� �:;
<br /> � �•�� •..> � such ineligibility.,Notwithstanding the fa�goir,.�,this oprion may not be eaercised by Lender when the umavaitability ��T �;:--
<br /> it;.:;'l,�:' etary, :,�F__ ; :'.�-
<br />..,,r�.;c.;�.�, �' of insurance is solely due to Lender's failure to remit a mortgage insarancs premium to the Secr ' :'g
<br /> ;,!... ,.•.,. ;;, . �
<br /> , .:r,,.-'. : �`
<br /> + � 10.ReJnstatement. Barrower has a right to be reinstated if l.ender has requi�eci immediate payment in full,.because of • _--
<br /> �. • �, " Borrowet's failure.ta pay an amaunt due under tha 1�SoEe ar lhis Security Instmment. This right applies.evea atte�.foreclosure `. , . . =�`-_
<br /> � " � ' ' proceedings.are:instituted. To reinsta[e[he Securiry 1n�.x.�ument.Sorrou+er Fhall cender in a lump.tium ali amaunts required to •� y='-.'
<br /> . ,�;,'
<br /> • bring Hot�ower's,uccount current including, to the extent they are obli$a�ians of Borrow�r under this�Security Instrument. - ` ==
<br /> �� forcclosure,cost� and.reasonable and.customary attnmey� fee� and expenses properly �ass�ciated with the foreclosure ' `��°
<br /> �,.,. :
<br /> '`-;;'`,•. ; :_ � '..:•`-
<br /> '�,•% prr�oeeding.,Upon reinstatement by Barrawer,this Security Insuument and the obligations ihat it�ecures shall remain in effec� � ; �
<br /> � .:, as if I.ender had not requirad immediate payment in fu1f.However,Lender iti not required to permit reinstate�.c�t if:(i)i,ender -; �:_.��-
<br /> ' �� � G:a�.aceepted reinstateme^r;c�:�r the commencemer,z of foreclosurc; proceedings within two years immedi:�:'.t.preceding the �`�: . �
<br /> r, . '7.
<br /> �: � � y:; eommencement of a current foreclosure proceeding, {ji) reinstatement will preclude foretlosure on different graunds ic� the • 1,:-
<br /> '''`. '��..'�� future,or(ii(1-reinstatemeni will adversely affect the priority of thc lien created by this Security Instrumem. '' �-_
<br /> . ,�_• „ � ����
<br /> � � , 11.Borrower Not ReFgased;Borhesirance Hy��fler hot a Waivee.Extension of'the time of payment or modification of � � • ,4�;:-
<br /> •: ;,�'�;., amortization of the wms secured by this 5ecarity tr.rrurnent granted by Lender to any succes.ar in interest of Borrower shall - �•-
<br /> , ';�ri7� � not aperate tv release the liability af the ori�iaal Ecrr.;�rer or Barrower's succcysor in intcrest. I.ender shall not be required Io �- .
<br /> �,Si.� . '�� c.,.� - • L1' � .
<br /> `:,�.��� • .,+._,,,+,ry;;':���' commence pracs�edings againtit any succ�cti.-:^:":erest or refuse to extend time f�rr payment or otherwise mndify amortization .
<br /> ;�.;:; ;:w:z•�.:?;'�.':``
<br /> •;:�;; .�,;,,�.� of the sums secured by this Security i::+inr.:ert hy tcation of any demand made by thc original Borrower or Borrower's
<br /> ��:�.' , •� � � tiuccessars in irrteresi. Anv fet6earanre By Lcnder i.t eKercising any rigM nr rcmedy�hall nm be a waioer�:�or prectude the :
<br /> . �:: . . ., , exercisc of any right or re:�r�i'�. •
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