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<br /> -=u�-'�'`�`f'``���"". refei•red to in parngruph 2, or ch:m�e the amaunt of such payments. Any excess praeeeiDs over �n umount required to pay all �-__
<br />�"'-'�`°`�~_�?±�"".'�: ovtstnnAing indcbtedness wider the N�te mid tl�is Security Instrumcnt shall be paid to tl�c entity Icgnlly cntitled therr;to. �_
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<br /> ___�;�.,�!;,�.�j 8,Fe�.�.lxnder muy cullect fees und chargcs uuthurice�l by the 5arctary. �-
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<br />=�a '�� �z'"�� 9.Gruunds for Accclerntlon of nebt.
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<br /> t (a) Refault. Lcndcr may, except as limited hy regulations issued by thc Secretary in the case of payment dcfauits, ;�-:a
<br />�"':��•�-`V,��.;:.:_ .� r uire immediate 1 ment in full of aU sums secured b this Securit Instrument if: '
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<br />=_;�,•:,,,,�,s.�=�,ti� (i) Borrower JePaults by fniling to pay in full nny monthly paymcnt rcquired by this Security Instrument prior to or '-.,:
<br />-��`r�����'!':.° � on the due dute of the next monthly payment,or '
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<br /> �:'=;e�"'�<"•:''� '� (ii) Bonower defaults by failing, for a period of thirty days, to perform any other obligations contained in this
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<br />��' `�'�'r'��"-''�` :' (b)Sale Wititout Credit Approval. l.ender shall, if permittcd by applicable la«� and w•ith the prior approval of the _-=-
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<br />=�r-;;-,;�;;;,':,�;;,, �_; Secretary, require immediate payment in full of all sums secured by this Sccurity Instrument if: _--
<br /> � '" , ,•''; • ,i (i) All ur purt of the Property, or a beneticial interest in a trust owning all or pan of che Property, is sold or �`
<br />� `'�t 4�{�` ��'t' otherwise transferred(other than by devise or descent)by the Borro�vcr,and ,,�,
<br /> , (ii) The Property is not occupied by thc purchaser or grmitee as his or her principal �esidence, or the .�
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<br /> �-:�,,�: • purchaser or grantee does so occupy the Property but his or her¢redit has not been approved in uccordance with d�e
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<br /> r�"'� � ' ' requir�ments of the Secretary. ��''
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<br /> ''�' (c)IVo Wuiver.If circumstances occur that would permit L.cnder to require imm�:diate payment in full,but Lender does ':�•
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<br />'`�`' � ' �'" � not ru{uire such payments, Lcndcr docs not waive its rights with respect to subscqucnt cvents. �{f=:
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<br />�:. ` �,> ., i (d) Regulitttons of HUD Secretury. 6i many circumstances regulatinns issucd by the Secretary will limit L.ender's �:
<br />'' , rights in the cuse of paymen[ defuults tu rcyuire immcriixte payment in f'ull and f'orerlatie if nut paid. Thi, Security -
<br />."`' ` � , . Instrumcnt docs not authoriic acccicratiun ur ti�rcclosurc rt not pernnttcq by rcguiations oi tnc Sccrc►ary. .,�
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<br /> � ' � � (c)Mort�i��;c Not Insurcd. Hurrowcr ngrccs thcit tilwuld thiy Security Intitrwncnl and thc Notc sccurc�l thcrcby not bc �_-
<br />" '' cligiblc fc�r insurancc undcr thc National Huusing Art within 60 dayti from thc datc hcrcof, l.cndcr may,ii� its option _
<br /> �� � and notwithstunding anything in purugraph 9, rcquirc immedi:ue payment in full of all tiwns sccurcd by this Security -
<br />= , •:..,..�;.-` In�trument. A written statement uf nny authoritcd a�;cnt of the Secretary duted subscyucnt to 60 d��ys from the date -
<br /> -�'� >��•.r...�r .� hereof,dectining to insure this Security Instrument and the Note secured thereby, shall be decmed cunclusive proof of __
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<br /> '"Y:`r:`.•+,n.-:•<-.- tiuCh i11Cll�,+lblllty. Notwithstanding tite foregoing, this opt�on rnay no[bc excrciscd by l.endcr whcn che unavailability �;
<br />'-- -- n�'��' � � , of insurnnce is solcly due to Lender's failure ro remit a mortgat�e insurance premium to the Secretary.
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<br /> " � � � 10. Retnstatement. Borrowcr has a right to bc r•cinstateci if Lendcr has rcquircd immediatc payment in full bccausc of i�
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<br /> - ..:;._,,,,.,,��.::-.. Horrowcr's failurc to pay an amount duc undcr the Nou ur this Security[nstrument. This right applies even after foreclosure ,;,
<br />:n+�w r�=-x� ��� procecdings are instituteei. To reinstate the Security Instrument. Eiorrowcr shall tendcr in a lump sum all amounts reyuired to .
<br /> "�""�:«;�: '• " bring Borrower's account current including, to the extent thcy are obligacions uf Borrower under this Securiry Instrument. ,�.,
<br /> foreclosure costs and re�uonable and customary attorncys' fees and expensrs properly associated with the foreclosure �
<br />:�.,. :%� � proccedins.Upon reinstntement by Borrower, this Sccuriry Instrument and the nbligations that it sccures shall remain in effect
<br />� � � as if Lcnder had not rcyuircci immr.ciiate paymene in full.Howevcr. Lcnder is not required to permit rcinstatemcnt if: (i)Lender
<br /> ' • has acceptcd reinstatement after the commencemcnt of foreclosure proreedings within nvo years immediately preceding thc
<br />�� ' ' commencement of a current forei:lasure procecding. (ii) rcinstatement tivill preclude foreclosure on different grounds in the
<br /> ' ' . fu[urc,or(iii)rcinstatement wiU adversely affcct thc prioriry of the licn crcatcd by this Security Instrument.
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<br /> Il. Iim•ro�ver Not Released;Forbearance By Lender Not a Wu[vcr. Er,tension of the timc uf paymcnt or moditication of
<br /> '.� amortization of the sums secured by this Security Instrument granted by[,r.nder tu any sucressor in interest of Borrower shall
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<br />_�1 y- not operate to release the liabiliry of the original Borrower or Borrrnti•er's succctisor in intcrest. Lender shall n�it be reyuircd a�
<br />- commence proccuiings against any successor in interest or refuse to extend time for payment or othenvise ntodify amonizatiun
<br /> :,�.� : ��, • of the sums sccurcd by this Security ]nstrument by rcasmi of any cicmand madc by thc original Bormwcr or Borrowcr's
<br /> " " . •• success}�rs in interest. Any forbearance by Lender in exercising uny ri�ht or rentecly sh.dl not be a waiver of or preclude the
<br />'" � ezeXCise of any right or remedy.
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