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200206295 (i) All or part of the Property, or a beneficial inrsxest in a trust owning all or put Or the Protsny, is sold or otherwise transferred (other die, by devise or descIan),uid grantee M his or her principal residence, or the (ii) The property is not occupied by the purchaser purchaser or grantee dot's so occupy the property but his or her credit h:u not been approved in accordance with the rcgoirenimis of the Secretary. (c) No waiver. if circumstances occur dart would permit Lender to require immediate payment N full, but Lender does not require such payrn alts, Lender does not waivc its rights wish respect to subsequextt evll Lit (d) Regudationx of HUD Secretory. In irony circumstances regulations issued by the Secretary Lender's rights, in the case of payment dchaul[s, to require mmn fco c Payment in full and by regulations if not pcid. This Smurity instrument does not authorise accelemtion or foralosim: if no[ yermittd by regulations of the Secretary. (e) Mortgage Not Insured. Borrower agrees that if this Security Instrument and the Note are not der lm enter to be eligible for insurance under the National Housing Act within 60 days from the date hereof. tray, at its option, requite immediate payment in full of all some secured by this Security ImMUDDIL A written statement Diary authorized agent of die Secretary dared subsequent to 60 days from the date hcuvf, declining y. insure hits ding ty Instrument and the Note, shell be deemed conclusive proof of sib ineligibility. Notw'ithstaading the foregoing, this option may not be czertlscd by Lnadcr when the unavailability of insurance is solely due to Leader's failure to remit a mortgage insurance pn:utunl W file Sccrerazy. 10. Reinstatement. Borrower has a right to be reinstated it' Lender has rcquuc l imntedialc payment in full because of BorrQwer's failure to pay an amount due under the Note or this SecuntY bismtment. This right applies even after foreclosure proceedings are instituted. To reinstate the Security Instrument, Borrower shall tender in a Iwnp sum 211 amounts required to bring Borrower's account torrent including, to the extent they are obligations of Borrower under this Security Instrument, forcdosole costs and reasonable and wstohmry attorneys' fern and expenses uns properly ssocialed with the foretleame proceeding. Upon reinstatement by Borrower, this Security Insirurom and The ubtigadons [lte, it secures shall remain in effect as if Lender had not required immediate paYtncit in fill" However; Lender is no' required to permit reinstatement IL (p Under has accepted h'einstate2ncmt alter the conanen¢smnt of foreclosure proceedings within two yeus immedo,ety pttamiling the commnicenunt of a current founesp ire proceeding, (ii) [emstat roes[ will preclude foreclosure on different grounds in the finite, or (Iii) rcm,alatwn will adversely affect the priority of the lien created by This Security Instru mm[. 11, Borrower Not Redressed; Forbearance By Lender Not a waive. Bxuraien of the time of payment or modification of amortmation of fire sums secured by this Security Instrument granted by Lender TO any successor in inters[ of Borrower shall not oWate to release the liability of the original Borrower or Borrhwei s Successor m intaest. Lender shall not be required m commerce proceedings against any is Security in interest nt y tea to u[eny time for payment or otherwise modify amortization of the Sins secured by this Smmity hutrurnent by reason of any demand made by the original Borrower or Borrower's successors in interest. Any forbearance by Le`uder m exercising any right or remedy shall not be a waiver of or preclude the exercise of my right or remedy. 12, Suuessom and Assigns Bound' Joint and Several Liability; CO- Signers. 'fhe covenants and agreenans of this Security Instrument shall bind and benefit lire successors and :usigns of Lender and Borrower, subject to the Borrower's covenants and agrccmu is shall be joint and so, era] . Any Borrower -ho provisiwhs of puagraph 0(b). is m -Signing nin this Security I'Monocnt only to eo -signs alts Security Insusumern but does not exeSt In the Note: ly g g mortgage, Cron and convey that Borrower's interest !o the Pmperry under the irnns of ihisnfiat Lender and any I nO' personally obligated to pay the sums secured , O by this SCCUfIIY Instrument; and (e) agrees pdcr Borrower may agree to extend, modify, forbear or make any acwmmGdatious widr regard to the tents of this Seoul ity Instrument or the Note without that Borrower's consent Pogo 6 010 IrIOnMb�7r_ ��,'+BINEI'sra.r 9d/1.1 'd 'ON WE WV Z6:90 301 EOH- I1 -NOf