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<br /> cefertod to in paragraph 2. or ch�nge tho nmount af gnch psyinenta. Any excea�proabda avcr Wn amowr2 requirat to pay dl
<br /> cwuctncr►�ing indeebtatness w�dcr tho Nate and this Securlty lnstrume��t shait bc p�td to the cnttty Icgatly cnt(tlal theretb.
<br /> 8, Fce�.Lencler may wllect fers and ch�rges autt�od•.:ed by the Secretary. � ,_
<br /> 9. �roundK for Aoceleratbn od Debt.
<br /> (�) Uet'�Wt. Lender may, cxapt as limited by rcgulatians issucd by the SeCrelary tn die casc of payment d�faulta�
<br /> requlre immadtau payment in full of all avms socuir�d by thia Secudty Instniment if:
<br /> � (�Borrower defautts by failing to pay in full any monthly payment requieed�by tb9a Secvrity I�strument prior to or
<br /> on tho du�dato of the next+nnnthly payment�or _
<br /> (il) Borrower defaults by failing� far�a period of tliirty dtrys, ta perfamt.any.athor•obli�tdiona comait�ed in ihls. :
<br /> , . ', � . Sestu'tity Insnv�►t. �. � � • .
<br /> � (b)Sale�W�thout Ci+edit Approval. Lender shaU.if p�mutWd by upplicable ixw and with the prior appr�oval of We
<br /> Secntaryr.coquire immedisue payment in full of e!l sums secut�d by thia Securiry Inatrnment if:
<br /> (i) AII or pazt of thc Prnp:,tty. or a beneRcisii taterest in a t�vst owa[ng all ar patt of the Propetty. iq �Id or .
<br /> otherwise transferred(other then by devlse or desceny by the Borrower.and
<br /> (it) The Progerty is not accupicd by the purchaser ar grantee as hts or her pdncipal residena. or the
<br /> purchaser or grnntea daes ao occupy the Property but hi9 or her credit hua nat been uppmve,�i in nccordanco with tha
<br /> requirementx of thc Secretary.
<br /> I (c)No Wofvcr,if ci►cFi�mtuncc9�xcur�hut wuula permft�.cndcr to rcyuirc bnincdintc puynxnt in tldi.but I.cndcr docw
<br />' nat requirc tiuch pyyittc�ttn.l.emicr d��es n��t wulvc hw righla wlth rcspect tu nubxcyucnt cvemx.
<br /> (d)Re}{ulAttony at IiUIY tiecrNury. In muny cireumstunees regulation9 issued by the Secretary will limit L.ender'»
<br /> dghtx in the u�se uP puyment de&wltx tn rcyulra fnuncdinte Rayment in fbll und foreclor,e if nat paid. This Secudty -
<br /> t�s:,isumtn!�o�:ssa!�ssthaslxe scxeless!lost us for�lossst'e ff txtt g!�rmlt��s!by t!�g�tlntlm��of�I+r Secretnry. .
<br /> (e�Mortgage IVot I�urPd.Burrower agrees ihat shoutd this Securiry Instrument und the Note secured thereby not be
<br /> cligible for insurnnce under the National Housing Act within 60 days from the date hereof, Lender may,at its opdon
<br /> ertd notwtthstanding anything in puragraph 9,require immediate payment in full of ail sums secure�by thia Security
<br /> Insuument. A written stutement of uny uuthadzed u�ent of the Secretary dated subsequent to 60 dnys from the date
<br /> hereof.declining to insure this Securlty Instrument and the Note sacured thereby,shall be deemed cunclusive proof of
<br /> such ineligibility. Notwhhstanding the foregoln�. this optton may nat be exercised by Lender when the unavailability
<br /> of insurance is soleiy due to Lender's fuilure to remit a mortgage insurence premium to the Secrcwry.
<br /> IOt Reinstatement. Bomower has a dght to be reinstated if Lender has required immediate payraent in full because of
<br /> Barrower's failum to pay an amount due under the Note or this Security Instcument.This right applies even aftor foreclosure
<br /> prdca�iings are lnstituted. To reinstate the Secudty Ivstrument, Borrower shall tendet in a lump sum ail amounts regu[red to
<br /> bring Borruwer's account current inc(uding. to the extent they are obligations of Borrower ux�der this Security Instrument, _
<br /> � foreclosure costs and reasonable and wstomary uaorneys' fces and expenses properly associuted whh the fore�:losure
<br /> proceedin�.Upon reinstatement by Borrower.this Security Instrument and the obligations that it serures shall remain in effect
<br /> as if Lender had not required immediate payment in full. However,I.ender is not require�!to pcmut rejnstatement If:(i)L.ender
<br /> has�ted reinstateme�it nfter the commencement of foreclosurc proceedings within two years immediately preceding the =
<br /> commencernent oP a current foreclosure proceeding. (ii) reinstatement will preclude ;orerlosure on different grounds in the .
<br /> future. or(iii)reiastatement will adversely affect the priority of the lien create�by this Security Instrument. =
<br /> 11.Botrower Not Released;l+orbeartince By Lender Not a Wutver.Extension of the time of payment or modificadon of _
<br /> �.�n3nizadon of the sums s�cured by this Security In�trument grunted by Lender to any successor in interest of Borrower shall —.
<br /> not operete to release the liability of the or�ginat Borrower or Borrower's successor tn interest.Lendar shall not be required:to �
<br /> �commence proceedin�s agalnst uny successor in inter�est or refuse to extend time for payment or otherwise modify amortizatian
<br /> of the sums ser�red by this Securiry Instrument by res�son of any demsind made by the ari�inal Borrower or Boaower's -
<br /> successors in interc�t. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the �
<br /> exenise of any rigl�t or remedy. `
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