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<br /> ��: ° ,.r�eferred to im paragraph 2.ar clrange the amaut"tt of such payments.Any eacess praceeds�over an amount mquir�to p�yr ciN � �� ` �� `� �
<br />::X outstandim( indebtedness under the Note and this Security InstruQmnt shali 6e paid to the entity IegalJy entitied thereto. ``"�-
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<br /> :�V`. ,- °... 8:F�rs:I.ender may col2ect Yees ane�charges authorized by the Secretary. � � ` <�
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<br /> - ' . •. ,t,� . (a)DefaNt. Lender may, except as timited by regulations issued 6y she Secretary in the rase of paymeat defaulYS. `_
<br /> � require immediate paymeat in full of ali suffis secured b;this Security Inst�vruent if; �
<br /> -°- - ---- — ij Bomower defauIfs b �ailin to m fuli an montfil `��
<br /> i Y g paY' y y payment reqnired by tlus Serurity L�stniment Qrior to ar �� ��= , i
<br /> ': .�:��.. �. , � on the due date of th�t Rem ntomhlY PaYment,or . ...._'����`-�::_,f
<br />' � ` � �} � (i i) B o r�n w e r,d e f a u l t s b y f a i l i n s, f o r a perio d o f t h i rt y d ays, to pe r form any other obSigarions oontained ia this ��'�` •�°=.Y`�:�`-�
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<br /> �#;� I APP {sermitted by applicabte law and with the nor roval of the : , ,
<br /> , : �,��„ S�ctetary.nequire immediate payment i»fnll of all sums secured by this Secusiry Iastrument if: • - ,�� _
<br /> : >��`'�;'� ' (i) All or part of the Proparty, or a 6eneficia1 inrerest in a u'ost ow�ng all or p2rt of the Property, is soId or ', , ''�"'����
<br />__ f...;� '.,f.. : . otherwise traasferred(other than by devise ur descent)by the Borroaer,and �� x�-;���,�.•�
<br /> t�-;� �= -- (ii) The Pr�erty is Qot o^.c�gicd bY ihc Farcc#�ascr o�' g,rantee a� his or her principal residence, at the —'�,�m,�,.,.._
<br /> r j � �'��� � '•. purc6as�•cs;;-rantee does so occupy the Ptoperty but 6is or her cndit has not be�approved.in arcordance v�ts the -` w �-� �
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<br /> ,. '�. ,1,,;; : ��` "�quir�.�.s of the Secti�icrg. , �=?'�_==-__ --
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<br /> : ;� . : (c)Nu Watver.�f circumstances occnr thaf wQUtd permit I.ender to requirr=.aunediate payment in fWl,but I.ender does r
<br /> . ° not reqwre such payments,Lender does not:vaive its rights wish respecx.�c sabsequent events. : • ' "�''``. �
<br /> ._- - _ -_ - -- - (el2=t�tl�tinas af HUD S�arv.in maeiy circumas,.�;crc e�.l�s '���!�;�,.��.�-�,-s;t��i;,u��w�c:`� -_
<br /> , righu in the case of payment defautts to require ;mmediate payment in fuil and:�v:Iose if rtot psid. 'F6is Secr�ity �' � 3i
<br /> ; ' Instruht:nt does rtot authorize.acceleration or foreclosure if not permitte;l by tegulations of the Sec�-.�rry. � `` Y�
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<br /> " � ' � (e)Moatgage No!Luured.Borrawer agrre;that shouid this Security 7�-�t�rnent aad the Note secured thereby Bot ba �g� �,; '' �
<br /> . : elipble for insurance under the National Housing Act within b0 days frcrm the da[e�ereof,Lender may,at its c,�'�;on •, '�
<br /> � : artd notwithstanding anything in paragraph 9, require immediate payment in full of all sums secured by this Security • :
<br /> . InstNment. A written statement of any authorized agent of the Secmtary dateA subsequent to 60 days from the date :Y"��?'' ,
<br />- , • . •• hereof.declining to insure this Security[nstrumertt and the Note secured thereby.shall be deemed conclusive proof of ; . ,•�,3��,:``
<br /> such ineligibility. Notwithstanding the foregoing, this nption may not be eaercised by Leader when the unavailability �_ ' . '.���`:'
<br /> , . of insurance is solely dne to L.ender's failure to remit a mortgagc insurance premium to the Secresary. : #; ,•�• ' ` _
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<br /> 10.ReinsEatement. Borrower has a right to be teinstated if Lender has required immediate payment in fuU beca�se of � � '�i �
<br /> •� Borro�ver s failure to pay an amount due under the Note or this Security Instrument. This right applies even after fareclosure • �
<br />_ • , �� proceedings are institut�. To rein5tate the Security Instroment. Horrower shall tender in a lump sum all amounts required to ' y •
<br /> �. � _ bring Borrower's account current including, to the extent they are obligations of Borrowes under this Security Instrument. �
<br /> � -,� � foreclosure costs and reasonable and custamary attome s' fees and ex enses r� erl � � �
<br /> " ' Y P p p y �:sociated with the forec�,;�ure
<br /> , , `�:;`,' proceeding. lJpon reinstatement by Borrower,this Securiry Instn�ment and the obligatians rhat it secures shall remain in effect -� � `
<br /> ;•• , as if Lender had not required immediate payment in full.However. Lender is not c:quired to permit reinstatement if:(i)Lender '''��,,�_
<br /> - �. • {;` ., has accepted reinstatement after the oammencement of foreclosure praceedin� rJithin two years immediatet y precedir.�the � �� . �
<br /> • • . commencement of a current farectosure proceeding, (ii) reinstatement will prectude foreclasure on different grounds �,�:he � ` ' �"
<br /> •. • ;�;�;� future,or(iii)reinstatement wi11 adversely affect the pfiority of the lien created by this Secu�aig;�nstrument. ' ' �
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<br /> . . 11.Bosrower Not Releasetl:Forbearance By Lender Not a Waiver.Extension af the time of payment or modi6cation of �' . �
<br />;•::;; .. .. amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall � ��
<br /> • , � not operate to release the liability of the arigiruil Boaower or Borrower's successor in interes!,l.endcr shall not be required to � � �';;`:•..� • �
<br />_ � �.:��,�?`,iF . rnmmence prooeedings against any successor in interest or refuse tu extend time for paymea*��otherwise modify amnrti��ion • , '`c�-r.; . �
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<br /> .� ,��,;: . . of the sums secured by this Security instrument by reason of any demand made by the arig,inal Borrower or Borrower's •
<br /> -��' .. � � snccessors in interest. Any forbearance by Lender in exercising any right or remedy sh�ll not be a waiver of or preclude the ��
<br /> �;�::•,�. � • � -'^ exercise of anyr right or remedy. ' � '
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