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<br /> •+�• ;, � 4 `. ., ceferred to in paragraph 2.or chang�.tke amnitnt nf such payments. Any excess gmoeeds over an amDunt nequired ta pay all , ---
<br /> �y�`-'���'`�"��`�L outstandin,in�ebteduess under the Naie aad this Securiry Instrumeat shril!6e paid to the�nrity legatty entitted thereto. _
<br /> .�.�� ;��,- ��4Y;�5�..'1'Y ' ` . , _
<br /> - =:`� �' :.' �.F�.I.eader may coilect fees and c6atges aushorized by the Sacretary. _
<br /> _�_:�_:=:�'�'' , • -
<br /> --___---=-_`_; . 9.Gmuads fer Aa�Ieratton of DebL . . � .
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<br /> - �;�'- • .(a}Defani4.Lender u�ay,exc�pt as Wnited by regWations issued by the Secretary in the rase of payment defaulis,
<br />-- :;;�-.{
<br /> require immediaie paymQnt in fult of all sim�secnmd by t�!is Sesurity Iasnvment if:
<br />- (i)Borrowez defaiilts by fa�ing to pay in fnll any montblY PaYmeat required bY this Secarity Instrament prlos m or
<br /> ° � � on the due date of the�act mnirtWy payment,or
<br /> ri)Boriuwer defaolts by failiag, for a period of t6irty days.ta pe�'orm any ot�er obligai'c4ns coatained in this
<br /> ' $L'CUtiTy Iactn�n_3. �
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<br />_ (6).SaYe Withn�Cre�A��x�.Leader s6a11.if permitted by spplicabte law aa�era�tlie prior appmval a�dte
<br /> _: �` � _ Secir,fary,requi�ia�di�,te��in fall of at! sums sccused hy ti�is�ecurity Iru�t�
<br /> .
<br /> -; ' ;:��••: , .�::.. .(i)All ot pa[i�?�" i��;.o� �ka�sf'�.a�interest ut a uust�c�r�ait or'part of thz��.�sy,is,sold or .
<br /> ; � , ..... . �;,`._.� '..,:. �.. c�.�� .. ...-. _ . - - - -. ........ _. ........ _
<br /> ot8�ec�visc ... ..��;r 4� bq.dev£�.�,Rc w�.�cea�t)by_�te$arr�v��z:�d ; :.
<br /> :;��na:riy�,� "� 4 � � ` �Yte Pro��+' � c�t . ,� by Yae .purci�:wr_gantee za his ar fleir priacipai �deace. or the �
<br /> �� , .,�basei or gr-,����s�sac�ipy the Proparty but his�3$er credit t�as not been appsoved'm accordano�with tiie
<br /> � requirements�'�`th�.�ZCCetary. .
<br /> (c)�No Wa�tvet.If circuanstaaces accur that wonld permit I.ender w teqaire immediate payinent in full,b4t Lender 8oes ,
<br /> aot require sucb pa�rrrtents.Lender does noi waive its rights wit6 respe.ct to subsequent events. ,
<br /> - — � ' td) Regnla4tons o'f HUD,Sect�ttarq. Iri maay citcumstauae�rzgalatlons issaed by the.S2cretary will limit Lender's
<br /> _ -----� �� d�hts in the case of payme�t defauits to require immediate payment in full and foreclase If not pald. '14�is Seca�it�r
<br />- �,�'x; instrument does not auWorize asceteratfon or forecinsure if not permitteA by regutattons af the Secrziary.' �
<br />- . . . �
<br />_ . . . �
<br /> � � . � (e)Mo�tgage YVot Ynsured:Borrower agree.s t1�at should this Security(nsuument end ths Hote secured theteby,not be '. •'
<br /> , eligible for insuranoe under the National Housing Act wit�in 60 days from the date E�ereof,Lender may, Al{fS Opt10A
<br />- and natwiths�tanding anything in paragraph 9. require immediate payment In fiill of all suins secured by ttus Ser,prity
<br /> Insnumeue. A written state�ent of arry anthorized agent of�the Secretary dated subsequent to 60 days from the date
<br /> . hereof,declining w instzre this Stxurity L�strament aud tlie Note secured Wereby,shall be deemed conclnsive jiro�f of,
<br /> sush ineligibility.IVotwithstanding the fore�oing,this option may not be exercised by Lender when the onavailability
<br /> � of insvrance is solely due to Lerider's failare to remit a mottgage insmance preadum to.the Secretary.
<br /> 10.RefQStatemaat.��sawer has a right to�s�AStated if I.ender has req,airecl imrna3iate payme�t i�t ffvll because of
<br /> Bonower's�aida�tn pay an amount dne under the ncr'e or this Security In�,���i, Td�is ag�i applies even ai�er fo�eclos�ire• .
<br /> proceedir�s are institated.Ta reinstate�ae Sec�my Instr�nncm,�'rusa�wer shaf!tendsr la a[u:aip aqa�all�unount,s requi�d to
<br /> briag Borrower's aocouat current incl^c�g. to thi extent they are obligations c�i 8�orrower ander this Security Ias�ament, • .
<br />�,�„�� fqrecIosure cas� and n�n�abte and customary �t�omeyo' fees and ex �=s Qropeily associated wi-r,.s:t�s .��ireclosure
<br />— ' y�Moceeding. Upon reinstat�it by F3orrower,t�ais Seovrity Iasuument and We aG�'`_=��ions that it secares's��23 ce�itaSn in effect
<br /> _ as if Lender i�ad not requiled iitmiediate payment in full.However,l.ender is not required to�it reinstatemem if:(i)Lender, "
<br /> --�� '�has secepteA'reiastatement after.the co�tmenceme�st of forectmure proceedinga within two�;�s't.mmediately preceding the
<br /> s� . commeneement of a current fareclosure proceeding;(li) reinstatement wili preclude forecios•.:.n.�on different grounds in the.
<br /> � fsture,or(iii)reinstatement�vill advezsely affect the priority of the lie�created by this Securiry Instmment.
<br /> • 11.Borrnwer Npi Reteased;Fusbtaranoe By Lender Not a Wo-aiver.Extenslon of the ti�.°of payment or madlf cation of
<br />���� a�nortvatlon of the sums secured by this Security Instniment panted by Lender to any successor ln interest of Boaower shall
<br /> - - not operate to release the liabiliry of tfte original Bonower or Borrower's sucoessor in interest.I.ender shall not be required to
<br /> . commence proceedings against any successor in interest or refuse to extend dme for p�yment ar othera+ise modify amorti7ation
<br /> - � of the swr�s secured by this Securiry Instrument by reason of any demand made by the original Borrower or Borrower's
<br /> --===-_--= successors.in interest. Any fozbearance by Leadcr in eaercising any right or reanedy shall not be a waiver of or precIude the '
<br />- -- . exercise of anyr right or remedy. , ,.
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