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<br /> refcrrod to in pora�raph 2.or clwn�a the Kmount of such p�yments. Any exc� proceeds over an onnount requispd to pay dl
<br /> a�W��dia�indebtodnni uader the Note�pd ihi�Socurity In�trument�hwll lr�pdd lu 1ho emitY�Y����.
<br /> _���,� S.F�er.Lerder may collect foa wd char��uUworizod bY the Sccretuy.
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<br /> -'�--' �.Grow��or Aocda'�t1w�ut Debt.
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<br /> (o) pd�ult. Lender may, excepl as limitod by regulations issual by the Secreu►ry in the c�ce of payqnent de(wt1U��
<br /> �� �quirc iRUnedi+ue paymcnt i�full oi all sums secured by this Secu�� �uir+ed by this Secunry InurumRnt prior�o or
<br /> _ (i)Borrawer ilefuults by failing to pay in full any month�y paY �1
<br /> _ =,� on�he due date of the next monthly payment,or
<br /> — (ii) Borrawer defaulu� by failing. for u perlod of thlcty days, ta perform any other obligations caWalocd in thia
<br />- -��;�_�: Secu�ity Instrument. —
<br /> _�-�"�� (b) Sale Without Credit ApprovAl. I.ende� shall. if'permitted by applicablc law und with the prior app�ava) of tho. -
<br /> -��� 5ecnctary,require immedis►te payment in full of all sums secured by this Saurity Instrument if: -
<br /> -'�� (i) All or patt of the Property. or a 6oneficial interest in A nust owning all or part of the PropcRy. i� sotd ar .
<br /> ---�'-'� otherwisc transferred(other�han by devise or descent)by the Borrower,nnd
<br /> -= (ii) '[7�e Property ia not cecupied by the purchaser or grantee as his or her principal r�idcncc, or tha
<br /> - _"----� pu�chascr or grantee does�a:wpy U�e Property but his or her crodit ha�aot been approved in acc�niance wUb thn 6.
<br /> =-—�"= rcquiremems of the Secretary.
<br /> - _'.��� - �
<br /> °—'- - �°^�'a (c)No Waiver.lf circumstances occur that would permit Lender to require immediate payment in full.,but Lender daes _
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<br /> not requine such puyments.txnder daes not waive its cights with respect to subsequent events.
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<br /> ---_ -�!�s� � (d) Regulallo� ot HUD Secrdary. Tn many circvmstences regulations issued by the Secretary wil� limit Lendcr's =
<br /> rights in the case.of paymcnt defaults to require immediate payment in full nnd foreclosc if nat paid. Thjs Sncuriry --
<br /> `�`��":�=� Instrument does na a�uharize acceleration or forectosure if not permitted by regulsuions of the Secretary.
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<br /> ---°---,_ (e)Mortga�e Not Insured.Borrower agn�es that should this Security Instrument und the Note secura►Iltcreby not be
<br /> --- - eiigibie for inaur+u�Y u��ier ihe tiationa! Roosiag Act a�istsin b4 days from the da�e here�f, Lender muy, at its optic►n
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<br /> �_"- r and nwwithstanding anything in paragraph 9. require immediate payment in full of all sum�t secured i�y this Secu�ity
<br /> ����q "�• � ' Ins�rument. A written swtement of uny authorized agent of the Secretary dated subsequent to b0 days from the date
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<br /> y�� - ;�; hemof,decllning to insure this Security Instrument and the Note secured thereby,shull be deemed conclusive proof of
<br /> ��.-��r ,� . surh ineligibiliry. Notwithstandins the foregoing, this optiom m�y nut be exercised by Lender when tFte univailability.
<br /> :���_�=;�L� of insurance is solely due to Lender's failure to remit a murtgage insurance premium ta the Secnetary.
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<br /> ��' '��I�1��'.'�� 10. Relnstntement. Borrower has a right to be reinstuted if Lender hs�s reyuired immediute puyment in full becuuse of
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<br /> ,.cXtt_arw�lt�.a�ii�. , gnnowcr's tidlurc to pay an umount duc under the Note or tbis Security Instrumcnt. This right applies even after fareclosura
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<br /> ,'���;�,= '� . proceedings are instituted. To reinstate the Security Instrument.Borruwer shuU tender in A lump suni ull umoimts required to
<br /> „�� �, ' Y bring Borrower'ti account current including, to the extent they ure obligationti of Borrower under this Security lnstrument,
<br /> •� ' �� a� � foreclosure rnsts and reasorwble und customary uttorneys' fc�:� und expen�es properly associuted with the foreclo+ure
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<br /> _ � praeeding. Upon reinstatement by Borrower,this Security Instrument and the obligutions that it secures shAll rema�n in effect
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<br /> ��u Y • uc if(.ender had not required immediata payment in full. However, l.cnder is not required to pertnit reinstatemcnt if:li)Lendcr
<br /> - ;;r,,,,;;�;;,,�^; Mas uccepted reinstaten►ent after the commencement of fareclusure proccedings within twa yeani immediately preceding tha
<br /> -'-�`���i"�•-� comn�encement of n current foreclasure proceeding, lii) reinstatement will precluJe foreclorure on different grounds in the
<br /> ��"� future,or(iii)rein�tatement will adver3ely affecc the priority of the lien creatcxi by�his Security Instn�ment. -
<br /> -.-.w;.- . ..
<br /> - �R ��' r 11.Borrower Not Released;Forbearance By Lender Not a Wpiver.Extcnsiun of the time of payment or modifictuion af
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<br /> - �:_ �t���°��-'=.. amortizution of the sums secured by this Security Inswment granted by Lender to uny successor in interest oi Borrower shull
<br />_- �`? ,r • not operute to releasc the liabiliry of the original Borrower or Borcower's suc��e+sor in intere�t. Lxnder shall not t+e required t��
<br /> ��'°='���i' , commence praceedings against any successor in interest or refuse to ratend time for pa��ment��r��therwise modify arnortizotion
<br /> �L' . . {4;�� ���� of the sums secured by this Securiry Insirumem by reaaon ot'any demand nwde by Ihe origin•rl Borrower ur Bornowei s
<br /> "'�'�1°�'�'+ ��'� successon in interest. An forbearance b Lender in exercising any right ar reme�ly shull not be a waiver uf�ir precluda Iho
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<br /> �:�� • exercise of any right or remedy. _
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