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<br /> rcf�rrad ta in puxyniph 2, or chua�e the uiixxiju uti r�;ulti p+iy��r.��ts.Any excess prcm�xdv�iver cu�n»x�unt re�uireit to tx+y a11
<br /> quta�tandin�indebtalness uncler the N�KC a�x!thl�Socuril'y in�ttvu�tni r�hall be pnid tu tha cnt'.ty leg�lly entitled therctn.
<br /> • 9.F'�n.C.rxkr nwy callect fees ux1 clac�rs authorixad by tha Sxrci�ry
<br /> 9.GroY�[or Accdentbn ot Debt. "
<br /> (M)�efiuft. Ixndor a�ay,eacept us limited by regulatio�es issu�d by thc Serretary in tho casc of payntent defa�ifts.
<br /> requlnc immediate payment in fuli of all sums sccurod by this 5erudty[nstniment If:
<br /> (i)Borrower defaults by faiiii�g to pay in full uny monthly peyment rcquircd by thiA Security Instcuroent pdor to ar
<br /> on the due dau of the next monthly payment.ar
<br /> ' (ii)Borrowcr dcfaults by fatling, fur n period ot'thirty days. to perform any other abligution�aw►ual+►ad in ttEis --
<br /> Security InstrunKnt.
<br /> (b)S�le Wttlwnt Credit Ap�coval. l�end�tr shall.if permttted by npplicuble law nnd wlth tho prtar appruval oY thG
<br /> Sernt�y.require imrt►ediate payment[n fuQ of ull �ums securcd by this Security InstNment if:
<br /> (i)All or part of thc Pinperty. or a beneficial jaterest in n trust owning aU or part of the Property. 1s sold or
<br /> othemise tmnsfem�d(other thau by devise or desccnt)by the Rorrower,und .
<br /> (ii) The Property is not occupied by the punhaser or grantee ns his or her pdncipal reside�rre, or t6a
<br /> , punhaser or graatee does so aocupy the Property but his or her credit has rtot been apptoved in�ccoidwtce wtth the
<br /> requirements of the Secretery.
<br /> (c)No Wai�er.If ctrcumsianoes occur thut would permit Ixnder to require immodiute payment in fult.bui•Ixnder does
<br /> not requ[re such paymens,Lecrlxr does not waive its righu with respoct to subsequent events.
<br /> (d) RegWatEot�s ef HUD Sece+etary. In many circumstunoes re8ulndons issued by the Secmtary will limit i.ender's
<br /> rights in the case of payment defaults m require immddinte payment in fuU and foteclose if not paid�This Se�curity
<br /> instnunent does not authariu acceleration or fomctosure if not permitted by regulations of the Secreu�ey.
<br /> (e)Martgage Nat Insured.Borrower ug�es that ehould this Securiry [nstn�ment and che Note secured tftsfieby rtot be
<br /> eligible for 3ns�uance nnder the National Housing Act within 60 days from the date hereof. l.ertder may�•ut Its optian
<br /> and notwithstandiqr,anything in paragrnph 9, require immediate payrnent in full of nll sums secuned by�this Security
<br /> � Insm�ment. A wrn¢ten statement of any uuthorized agent of the Secretary dated subsequent to 60 days from the date
<br /> he�af,declining to insure tliis Securtty Inswment and the Note secured Wereby.shall be deemed ooncl�xive proof of
<br /> such ineligibility. Notwithstanding the foregoing.this option may not be exercised by Lender when thr uttavailubility
<br /> of insurance is solely dae to Leader's failuse to remit a�nortgage insurunoe pmmium to the Secretory.
<br /> 10. Reinstatement.�orrower hos a right to be reinstuted if I.ender has required immediate payment 6n�fhlLbecx�use of __
<br /> Bamower's failur+e to pay an amount due under the Note or this Security Instrument. 7t�is right applies even aftan fot+eclosure
<br /> praceedings are instituted. To reinstate ttte Secur�ty Instrument, Borrower shall tender in a lump sum atl umouncs required co -
<br /> brin� Borrower's accoua�t current inctuding, to the extent they are obli�ations of Borrower under this Securit}+ insuvnrnt. --
<br /> fomclosur� costs and re�sonable and customary atcorneys' fees and expenses pmperly associateci with.the. foroclosure �-
<br /> proceedfng.Upon reinsiaqement by Borrower, this Security Instrument and the abligutions thut it secures shull romain in effcxt ��
<br /> as if Lender had not required immediate payment in full.However.Lender is not required to pernitt reinstatennent if:(i)[.etader ��
<br /> has axepted reInstatement efter the oammencement of foreclosure pinceedings within two years immediat,ely•preceding the
<br /> wmcnenceu�ent of u cvrxent foreclosure•pmceeding, (ei) reinstatement wip preclude foreciosure on different grounds tn the `
<br /> future,or(iii)reinstatemer�t will udvcrsely nffect the priorIty of the Ren created by this Securiry Instrument. _
<br /> 11.Borrower Not Reieased;Forbeaeance By Lender Not a Wuiver.Extension of the time of payment or modifi�;tian of F-
<br /> amorti�ntion of the sums secured by this Securiry Instrument g�ar►ted by Lender to any sucoe.csor in interest af•Borruwer sj�all �_
<br /> not operate to release the itability of the ori�inal Borrower or Borrower's successor in interest. Lender shall nat be required to �
<br /> commeace proceeciings against any successor in interest or refuse to extend artce for payment or otherwisQ madify amortizotion �_
<br /> of the sums secured by this Security Instniment by reason of siny demand mwde by the original Borrowac or Borrower's ;�,
<br /> successors in interest. Any forbenrunce by Lender in exercising any r�ght or t+ecnedy shall not be u waiver of or preclude the �
<br /> exercise of�ny right or remedy. r:.
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