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<br /> referrod to in parAscaph 2. ar chunge the amount of such payments. Any excess proceP�s over an nmount requlred to pay ull
<br /> outstanding indebtedness under tho Nate und this Secudty Instrument shWl be paid t�ttie entity legWly entitled thereto.
<br /> 8.Feea.Lender may collect fees and cherges authoriud by the Secretary.
<br /> 9.Gmunds for AcceleradoA oi Debt.
<br /> (a) Deteult.ixnder may, except es I�mlted by regulatIons issued by the Secretary in the case of payment defaulte.
<br /> mquire lmmediate payment in IhU of al!sums secured by this Securtty Instrument if:
<br /> (i)Barrower defaults by failing to pay in full any monthly payment requic�d by tbls Securjty Insuument prior to or
<br /> on the due date of the next montlily payment.or
<br /> (ii)Borrower defaults by failing. for a periad of thirty days, to perform any other obligatione contained ln this
<br /> Security Instcument.
<br /> (b)Sale Without Credit Appruval. I.ender shall,if pertaitted by applicable law aad w1�th the prior approval of tke
<br /> Secrrtary.require immediate payment in thll of all sums secnred by this Serurlty Insttument if:
<br /> (i) AII or part of the Froperty.or a beae�ciel Interest ln a trust owning all or part of the Property. is sold or
<br /> otherwisc uansfened(other than by devise or descent)by the Borrower,and
<br /> (ii) The Prope:ty is not accupied by the purchaser or grantee as his or her principal cesidence. or the
<br /> purchaser or grantee does so occupy thg Property but his or h�r credit has not been approved in acrordance with the
<br /> cr,quirements of the Secretary.
<br /> (c)No Waiver.If clrcumstances accur that would permit Lender to require im�nadlate payment in full,but Lender dces
<br /> not require such pay�tiettts,I.ender daes not waive Its rights wIth respect ta subseyuent events.
<br /> (d)Re�ulallops of NUD 3ermtary. In many clrcutnstances reguladons issued by the Secnetanr wlll lfmit I.encter's
<br /> dghts in the case of payment defaults to require immodiate payment in full and foreclose if not paid. This Securlty
<br /> Inswment does not Authorize acceleration or foreclostue if r.ot peimitted by regulations af the Socretary. •
<br /> (e)Mort�ss�ge Not Insw+ed. Borrower agree.s that should this Security Instniment and the Note aocured thereby not be
<br /> eligible for Insurance under the NaNanul Houajng Act within 60 dsya from the date hereaf,Lender may,at its optiob
<br /> and notwdthstending anything in paragraph 9.require immediate payment in full of ell sums oocured by this Security'
<br /> Inswment. A wdtten statement of nny authorized agent of the Secretary dated subsequent to 60 days fmm tha date
<br /> hereof,declining to lnsun this Secudty Instrument and the Note secured thereby.shall 6e deemed concWsive proof of
<br /> such i�leli�ibility.Notwithstanding the foregoing,thIs option may not be exerctse�by Lender when the unavailubility
<br /> of insurnnCe is soleIy dse ro I.ender's failurc to nemit a mortgage insurance premium to tho Secretery.
<br /> 10. Retnstatement.Botrower has a right to be reinstnted if L,ender has requlred immadiete payment in full because of
<br /> Borrower's failure to pay an amount due under the Note or this Secudty InstNment. This right applies even aRer foreclosure
<br /> proceedings are instltuted. To relmctate th�Secur�ry Instrnment,Horrower shall ten88r in a lump sum all s�awunta required W
<br /> briag Borrower's acrount cwrent includiag, to the extent th�y ane obligations of Borrowet under tttia Security Instcumeqt.
<br /> foreclosure costs end reasonable and customary attorneys' feES and expenses properly associt►ted with the fot+ecloswp
<br /> pcoceoding.Upon reinstatement by Borrower. thls Security Instrument and the obiigations that it secures shell r�main in effect
<br /> as c�dxnder had n�ot required immedtute p�yment in Riil. However.Lender is not requlred to permit reinstetement ifl(i)Lender
<br /> has acceptad c�eiastarement sftcr the commencement of foreclosure praoeedings wlthIn two years imn�odiately preoeding the
<br /> aommencem�nt of a current foreclosure prooeeding, (ii)reinstatement will prec[ude fonxlosure on differeat grounds in the
<br /> future.or(ift)reinstatement wilt adversely effect the priosity of the lien cn�ted by thls Security lnstrument.
<br /> 11.Bormwer Not Released;EorbearAace By l.euder Not a Watver.Extension of thc time of payment or madificatjon of
<br /> amortiuition of the sums secured by this 5ocurity Instrument granted by I.�nder to eny suocessor in interest of Horrower shnll
<br /> not operate to release the ltubility of the original Bomower or Bomower's successor in interest. Lere�er shal�not be required,to
<br /> commence procee�dings against any suacessor 3�interest or cefwe to extend time for payment or othenvise modify amottizatioa
<br /> of the sums secured by this Security Inswment by r�ason of any demand msde by the original Bomower or Borrower's
<br /> sueoessors in interest.My farbeurance by Lender in eaercising any dght or remedy shall not be a waiver of or preclude the
<br /> exercise of any dght or remady.
<br /> ��4R(NE) Pogo a m e
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