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<br /> , �the monthty P�Yrr�enss,w}dch sre retected to�tn p�ragrap� �,-or cha�pe the amount oi auch p�y�nents. Any aYCess
<br /> � . pra,beds ova ui�mo�a►t nequired w py aU outatanditta indebtedMSS ui�der'ti�e Nou and tbis Secutity Iastrument ahafl
<br /> _ be piid w thc entity te�lty ettUtled thertto. � � . ' ` —
<br /> - _— 8.I�oes.l�eader tn.y«�llect tecama charges,uttioaud by uie�8acreury. . � . ` � _--
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<br /> 9.Gtounds tor Acoelent�on at Dabt� , ' ' � =�
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<br /> . �a� Deiaul� l.er�der may. �YOept�s limitaf,by n�Warions issued by the Seccetary in the c�e oi pay.meat � f���°����,,
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<br /> ; dotaults.tequire immediate payment in full ot all sun►s aecu�ed by this Sacurity Im�trument if � ,�
<br /> •. ;: (i}Bocrower defiults by failin�to p�q in full any moathly.paymeat required by�is Security lnstrument �" -�';���`-�_
<br /> - or to ot on the due dateof the nart monihlYP�Ymeut,or `,.�. ., �
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<br />- - ii)Bomawer defiults bq is�'ling,for a pesiad oi thirty dsys,to per[orm any other obtigutians contained'm ` ;� �n"'
<br />__ thisSavrityIastnment. ' � � `�
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<br />-��� ' . `° ' (b)Ssle Withom Credit AppravsL Lender shsll,if permitted by spplicable IaM and kith the ptior approval . ,;���'.<�--��
<br /> � ,.3.,�i��°' � of the Secretary.reqoire immediatc paymeat in iull oi alt sums securod by this Savrity Instrument if• �'. �;:�.'��-
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<br /> - (i)All ot pat of the Pmperty,or a bea�ciat inte�+est in a tnst oWning all or prrt of the�'roperty.is s�Id or ; ��`�` `r
<br /> • - •.;;,.xs�;•�- otherwi�tnnsferned Iother than bp devise or descent)by the Bomower.and • '
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<br /> '`':.��-r:--�;. (ii)The Prnpecty is not oocupied by the purchaser or grantee as tus or hec�principil residence.or'the �: �
<br />� ��-�'-�<�.�.k_:_� . parcb�ser or graatce does so oocupy the Property but his or her cralit has not been approved in accordance �. . x; -.
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<br /> �, �,�`�=?--�- . (c)No�Ysiver. If circumstances occnr that arould permit I.�ndar w requira immediate paymrnt in full,tiut _ ��,;
<br /> ��-�"��'; L,ender does irot rogusre sucb gsyments.Lender does nat waive its riehts�rith r�.spect w subseqaent events. ��, � . :�`_
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<br /> .. `�;:�,: . (dI Re=ulat�ons;�'liiJD Secretsry. In many circumstances regutations issued by tha Secretary will limit � ' . � ;
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<br /> ```- "� Lender's righta in r::e case of psymeat defaults to requira immediate psyment in full and foreclose if not paid. �� . . .
<br /> --- �`�' � � This Sxurity lnstcument does not suthoriu acceletstion or foreclasure if not permitted by regulations of the ` '° " - ' ---
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<br /> � , �Secretary: , � ` . '.
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<br /> . . � . . � (e) Mortsa=e Not Msured. Horrowet agees that should this Security Instrument and the Note secured } ..�- . - ,�T
<br /> _ :.._ ;,:� tAereby not be elig�ble for ins�reace nnder the National Housing Act within 60 day�from the dste hereof, <. i..___.,_�_. _., ;�,.
<br /> _ ,r;4ys,,,�, Lendes may,at its option and duoiwithstanding anything is►paragraph 9,require imr�edista paYment in full of all E�
<br /> , � • �,. ;; surles.secured by this Socurit,gnstrnment,A written sratemant of any suthorizedt agent of the Socretary daud ��
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<br /> ' ,.r,::4�.` i:;;;;F�"r�. subseqvent to 60 dsys irom t3i$date beroot,dectintng t�ituure this Security bms�r-arneat snd the Nou secured ; .. . �';
<br /> - . �.:r, ;.. thereby.s�s3b be a�emed conclusive ptoof of such iaeligbility.Notwitl�siarts'�rgt�foregoing,this option may � ._ .
<br /> `'`"�"�"''�';��'� � not be eseccisod�b Lender when the unavailabili oi insuranoe is solel due tca Ixrtder's failure to remit a �_ V '�T
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<br /> • . . • mortgage insuranre premium to the Secretary. -.�.
<br /> ' . . 10. ReiAStstemen� Borrower has a right to be reinstated if I.ender has roquired immediate papment in fu11 � � `
<br /> - _ ' _ . .. - because of Borrower's failure to pay an amount due under the Note or this Security Instrument.This right applies even �
<br /> � � after foreclosure praceedinp are instituted.To reinstate the Security Insttument.Borrower shall tender in a lump sum • '
<br />_. '�_ ; aU amounts requirod to bring Borrower's account current including, to tAe estent they are obligations of Borrower :
<br /> :,.:-.,;; under this Security lnstsument,foreclosure costs and reasonabte and customary attorneyd fees and expenses properly.
<br /> �" �'''`` a,ssociated with the foreclosure proceeding. Upon reinstatement by Bbrrower, this Secsitity Instrument and the
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<br /> ' obligations that it serures shall remain in eifect as if Lertder had not reguired immediate payment in tull.However. � .
<br /> � '���`.� �� Lendec ia not require�z�permit reinstatement i�:�i.�Lender has accepted reinstatement atter the commencement oi " �� �
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<br /> �- . f,Y;,,i�r�:. � �'- ioreclosure �roceedings ��thin two years imme�iately preceding the commencement i�i a current torectosute � �:.: � .
<br /> :•:.;., ,.;�t,,,�t:' , . • procecding, (iiI �nstatement will preclude foreclosure on diKerent grounds in th�[uture,or(iii)reinstatement will � `:��:.t,'�. . . .
<br /> ' adversely affect the priority oi the lien created by this Security Instrument. ;,�,: '�,�.� t
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<br /> � 11. Borrower Not Released; Farbcarancc B Leader Not s Waiver. Eatension o'P the time of ` ����
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<br /> �" -��� � modiiisetion of smortization.of tAe sums s�ecured by this Sacurity Instrument granted by l.ender to any succeasar in . ` �
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<br /> �J�"�-'� , • inurest of Botrower shall not operete to release the liability of the original Borrower or Bonowers successor in . ,
<br />� � �� �,� . � interest.Lender shall not be required to commence praceedtnprs against any successor in interest or refuse to extertd .
<br />' .;.,_;" . ;;;.,°:��� tima for psyment or otherwise modifg amortization oi the sums secured by this Security ln'strument by reason of assg . �.��,;
<br /> � ,�K..:=-" ;. r%:';;,;�.:' demand made by the original Borsawer or Borrower'�successors in interest.Any forbearance by Lender in e$acising . � . . .
<br />' ' � any tight or remedy shall not be a waiver ot os preclude the egercise of any right or remedy.
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