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<br /> ,1 . , . . „� RE•��CORDE 9� . °°-! -
<br /> .. ,., � , ••' �� ,�,���"�`� . � , . __
<br /> � ' p�yment�.which are refemed ta�i ngraph ,oL c�ange the mnount of suci� payments. Any excess proceeds over an .-
<br /> • umounttequired to pay all ou�StandtnB i�debtednasA undcr the Note and thia Secunty lnstrument shall be pa�d to thc entity , . �, •
<br /> � le�ally entlded thereto. � . .
<br /> , • 8. Ft¢�s. l.ertder may coltect tees und chnrges uuthori�.ed by the Secreinry. •:';�,._
<br /> „_ � 9. Geounds Par Acceteratlon ot Deb� � � ., , ����:
<br /> - ' (a)D2f8u1� Lender may,except ag limited by reguinaons issued by the Secrctary in Q►e case of payment defaulth,
<br /> • � �� require immedintepuyment in full af all gums secured by this Securiry Insuument if: , _
<br /> . y .
<br /> (i)Borrower defaulta by failing to pay in full any monthly payment mquired by this Security instrument priar "" ,=- .
<br /> • - to or on the d��e dnte of the aext monthly payment,or :.
<br /> (ii)Bottower defaults by failin�.for n perlod of thirty days,to perform siny ather obligations contained in this ,• � —
<br /> Security Insuume�t. • • ' "�
<br /> (b)Sele Without Credi!Approval. L.cnder shall,if pemiitted by applicuble lew and with the prior approval of the � -�
<br /> Sec�+etary�require immediate payment in futl of all the sums secured by this Securiry Inswment if: •.•--
<br /> (�)All or part of the Property.or a beneficja! intemst In a wst owning ull or part of the Property,is sold or
<br /> otherwise transferred(other than by devise or descent)by the BoTra�ver,and -�
<br /> (ii)The Property is not occupied by the purchaser or�antee as his or her princepal residence,or the purchnser �
<br /> � or grantee does so occupy the Property but his or her credit has aot been upproved in accardance �
<br /> � with the requimmenGS of the Secretary.
<br /> (c)No Watver. ff circumstances occur tQeat would permit L.ender to require immediate payment in full,but l.ender , ��
<br /> dces not require sach puyments.Lender dces not wa�ve its rights with respect to subseqnent events. ' .�-�
<br /> •�.;:�::';;•.,.. (d)Regulations oP HiJD Seeeetary. ln many circumstartces regulations issued by the 5ecretary wil!limit l.endark • ,::.�.�,
<br /> `";c':,:'�:::=',.. �g}�ts,in the case of payment defaulu, to re:quine nmmediate payment in full and foreclose if not paid. This
<br /> _ . %,q�. .i,�..��.. - , .
<br /> ��1' Security Insmament daes�ot authorize acceleration or foreclasure�g not permitted by regulations of the Secretary. ,.
<br /> " (e)Mortg,�e Not Iasart�U. Borrower agrees that should this S�cuvity dmstrument and the note secured thereby not R•��
<br /> ,.• be eligible for insurance under the National Housing Act within 30 DAYS trom the .• �,
<br /> date hereof.Lender may,at its opdon and notwi[hstau�ding anything in Paragraph 9, rryuine immediate payment in "�„;��` � �
<br /> finll of all sums secuned by this Security Inswmant. A written statement of any awn6roriud agent of the Secretary "`i : ��
<br /> dated subsequent to 90 OAYS from the date hereaf,d�eclining to insure this Security ��'�3:;;,: . �
<br /> � Instrument and the note secured thereby,shall be deemed conclusive proof of such inelegibili¢v. Aiotwithstanding ,
<br /> the foregoing, this option may not be exercised by Lender when the unavailability of inswapnce is so lely due to ' ••<��
<br /> '�T_
<br /> Lender+s failuc�e to remit a mortgage insurance pmmium to the Secretary. ��`�
<br /> � Il�. ReiastatemenA Borrower has a nght to be reinstated if Lender has rr.quimd imrnnediate payment in ful�because � �"
<br /> . "' `-- of Borrower§failure to pay an amount due under che•ivote or d�i� Sa:u�ity tnsicunier�t. �is nghi appli�s ;.�.: a.�xr -_-_ �
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