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<br /> . • ���� 104�gF:
<br /> . �� referred to in purugrnph 2, or chunge the umaunt af such payments. Any excess procceds over un umc�unt required tu puy ull
<br /> „ outstanding indebtedness under the N�te And this Security Instrument shali lx paid ta thc cntity Icgully entitled thercu�.
<br /> 8.Fces. I.ender mAy copect fees and chnrges autharized by the Secretary.
<br /> . .. 9.Grounds for Acceleration nf Debt.
<br /> „ _ �� (a)Default� Lendar may, except us limited by regulutione issued by thc Secrctury in thc cusc oP puyment defuults,
<br /> � • rcquitv immodinro payment in full of alt sums secured by this Security Instrument!f: •
<br /> • (i)Borrowardafaults by failing ta pay in full any monthly payment�required by this Securiry Inhtrument prior to or
<br /> `• o�the due date of the next manthly payment,or
<br /> • (ii) Borrowcr defaults by failing, for u periad af thirty days. ta perform uny ather abligatians c�nwined in thls
<br /> 5ecuriry Instrument.
<br /> '• ° (b)Sale Without Credit Appmval. Lender shall, if permltted by applicable law and wlth thc prior approval of the
<br /> , Secretary,require immediate payment in fuit of alt sums secured by ti�is Security Instrun�ent if:
<br /> � ' (i)Ail ar part of the Property, or a beneficial interest in a trust owning all or part af thc Property, iR sold or
<br /> othcrwise tranFferred(ather than by devise or descent)by thc Bonower.a�id �
<br /> (ii) The Property is not occupied by the purcUaser or �rantec as his or her prtncipal resjdence, or the .,
<br /> " " purchaser or grantee daes so occupy the Proparty but his or her credit has not becn approved in accordunce with tlte
<br /> � , •-,;'� requirementa af the Secretary.
<br /> ,. .
<br /> � (c)Na Walver.If circumstances occur that would pernut Lender to require immediate payment in full,but Lender does
<br /> :• not require such payments,L.ender dces not waive its rIghts with respect to subsequent events.
<br /> ' (d)ReQulations of HUD Secretary. In many circumstances regulations issued by the Secretary wlll limit ixnder's
<br /> " - �ibl�t:�iii ti�c wnc u�puyuir�it dat'uutts w requ�re t�nmediate Fayment in fuii and fo�e:;tosa if uot puid. Tiu�Sccurity `
<br /> Insirument daes not authorize acceleration or foreclosure if not permltted by regulatlans af the Secretary. .t F,�
<br /> �.,
<br /> „ (e)MortRuge Not Insured. Borrower agrees that should this Secudty Instrument and the Note secured thereby not be �'.:n
<br /> etiglhle fi�r insurunce under the National Housin�Act within 60 days from the date hereof, Lender may. at!ts option f„T;
<br /> , " „ nnd natwith�tandin�anythin�in puragraph 9, require immediate payment in full af all sums secured by this Security ����
<br /> , . Insirumcnt. A wrltten statement of any authorized agent of the Secretary dated subsequent to 60 days from the date .-
<br /> ' � hereuf,deciining to insurP this Securlry Instrument and the Note secured thereby,shull be deemed conclusive proof of ��',"�_
<br /> . t .
<br /> , ' .uch incligibility.Notw[thstanding the foregoing,this optlom m�y not be exercised by Lender when the uoavallabitity �..=��
<br /> � ' ot'hi�urance ix solefy due to 1..ender's failum to remit a mortgage insurance premium to the Secretary. •
<br /> � „ � � � lU. Itcinstatcmen4.Borrower has u dght to be reinstated if L.ender has required immedjate payment in PoII because of •^%v�
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<br /> , ., ; ti�►rruwcr'.fuilurc co pay an amnunt due under the Notc or this Security Instrument.This right applies even after fore�:losure
<br /> . ,.,.� . priicccdin�ti ure in.rtituted. To reinstate the Security Instrument. Bonower shall tender in a lump sum all amounts rcquired to .::i::
<br /> hrin� 13��rruw�r'n uccaunt cuttent including, to the extent they are obligations of Borrower under this Security Instrument. �r.::
<br /> �•�� . '� ti►rcriosure c��st� und rcasonable and customary attorneys' fees and expenses properly associated with the foreclosure 1{:;•.�
<br /> �> �. pruccedinH.Up�m refnstutement by Borrower, this Security instrument and the abllgatians that it secures shail remain in effect
<br /> ' . � ' � ns it'txudrr h:i�not rcyuired Imniediate payment in full.However, I.ender ls not reyuired to permit reinstatement if:(i) L.cnder --
<br />• - hu� �icccpteJ rcinxtutcment after the commencement of foreclasure proceedings within two years immediately preceding the -
<br /> . ..:. .._. °`- r<xttit�ic�ircttxtst uf'a runcnt furcctosure pra.c�dtng, (f{} reinstatemei:t wiil prr�:lude furrxlosure on different grounds in the --
<br /> �• ''� � f'uwre,ur(iif/ rcin+tutrmcnt will udvenely uffect the priority of the lien cmated by this Security Instrument. ,
<br /> • •• 11.Rorr�nver Nut Neteitsed:Forbea��nce By Lender Not a Waiver. Extension of the time of payment or modificsitIon of
<br /> unxmiii�ti�m��f thr.ums tiecurcd by this Security instrument�ranted by Lender to any successor ln incerest of Borrower shall
<br /> ' not o�krirtr tu relcu+c thc licihility uf the original Borrower or Borrower's successor in interest. Lender shaU not be requircd to •
<br /> �. � r�mmunce pnrced�lingti ug;�innt uny succe.r•sor in interest or refuse to extend time for payment or otherwise madify amortizatton
<br /> `;�i ul' tl�c �unt+ �«ar��l hy ihis Scrurity Instrument by muson of uny demrand made by the originnl Borrower or Borrower's
<br /> , ' sucrrsturs in iutere+t. Any tiirhearnnce by Lendor in exercisin� any right or remedy shall not be a waiver of or preclude the "
<br /> , cxerci�r uf�u►y riF;ht ur rcn►�dy.
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