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<br /> - rcfemed to in parogreph 2. or change thc emaunt oi such payments. Any eace.cs proceaJs uver wi w�xwnt reyuircd to p�y all
<br /> outqAndlna indobtednesr under the Note ond thi:Secutity Inwrument siwll6e puid w tho entity le�ally emltl�d thereto.
<br /> —���.� 8.Fees.Letder inay collect fas�td charyes awlwrized by tho Secrctary. _
<br /> _— _�_;� 9,Ground�for Aocderntlon of Debt.
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<br /> °� (a) DefaWt. L.ender may, eacept as limited by regulatians issued by the Secretary in the case of payment defaulta,
<br /> - - ---��" rr,quire immediate p�yment in full of all sums secured by this Socuri�y Instrument if:
<br /> `==" (i)Borrower defaults by failing to pay in full any monthly payment required by this Security[nsttumcnt prior w ar
<br /> --°''� on the due dnte of the nezt manthly payment,or =
<br /> -�:a� (ii) Borrawer detauitc by failing. for a perlod of thirty deys, to pert'orm any ather abligatbns contained in this
<br /> '_ ;.� � Security instrumet►t• . .
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<br /> =u:is,ii�'.�� (b)SWe Without Credit Approvat.•Lender shall, if permltted by applicable law and wi�h the priar approval oi'the ��_���
<br /> -- ;�,,,,��'''k;3¢� Secretary,rcquire immaBate payment in full af all sums secured by this Securiry Instrument if: � �
<br /> - -'�'�� (i) All or part of the Properry, or a beneficial interest in a trust owning all or pArt of Ihe Property, is sold ar ��,,
<br /> ---���"-�`'�"-y''j utherwise transfe�red(other than by devisc or desceny by the Borrower,and
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<br /> -- __ -__ _'�'N-�•< (ii) 77�e Property is not oceupied by the purchaser or grontee as his or her principal residence, or thc
<br /> �-v�-c=• purchuser or graniee dces au uu�upy the Propeny but his or her crcdit has not been appruved in aceordance with Ihe a-
<br /> v—•���r`'� � requirements of Ihe Secrctuy. -
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<br /> �=.,�:�... (c)No Wplver.If circum��anccs c►ccur thut would permit l.erulcr t�i rcyuirc immcJiu�c paymrn�in t ull,bu� l.ciulcr d�x:.►
<br /> �r�� nnt require such paymenta,I.ender d�iex not w�ive it�righ�s with respecl to subseyucm cventK.
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<br /> ='�=-L�-, (d) Re�ulatb�.v of HUD �relnry. In mu►y cirrum�tunrca re�tulutinn� i�+ueJ by the ticcrewry will limil Ixi�irr'+
<br /> '='�:�'��'�'' right� in thc cax of puymrut deWWt.r a� reyuire imnx�Jiuic puynknt in tull und titt�wlox i1'n��t puid. Thi� ��urity
<br /> �c,.,,;� •
<br /> `•' _1 Inwlrumem J��ea nul authorize ac��eleratiun ar i'orecl��w�e if ixn permineJ My rcgulu�ions uf d�c Scrretury. --
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<br /> _ (e)MortRage Not la�ured. Borrower ugr��,w thAt xh�►u1J Ihiti Scrurity Instrument uml Ihe N��ic xcunxl therchy not
<br /> "�'�"'��_'. eiigibte for inwra�cc undcr shc Naiional liousing Act uithin 54 dsys from the dssr hen*nf. !�r�er nury, u� i��op�ion --
<br /> �r � und notwithstanding anything in puragraph 9, reyuire immediate payment in full of all sumx secureJ by thi�: Securlty _
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<br /> ��`'=�- Instrument. A wrilten stutement of any auih��rized ugent of�he Secretury datcd subsequent to b0 d�ys from thc data �,�y_
<br /> ' ``" -' hereof,declining to insure this Security Insm�ment und the No�e secureJ thereby, shall be deemed conclusive prcxif of
<br /> - 2";�,�,_; . such ineligibility. Nntwithstunding the foregning. �his optiom m�y not be exercised by Lender when the unavailability
<br /> �. . � of insurance is wlely due ta I.ender's failure to remi�a mc�rtgage insurance premium�o the Secretary.
<br /> "'�`V��'' �'���` 10. ReinslAtement. &xrowcr has a right to be rein�tated if Lendcr hus required immediate paymenl in full because of
<br />==a�',•�.. : ,,' •�`�� Borrower's failure to pay un amount due under the Notc nr this Security lnrtrument. This right applics even a fter fi�rec losure -_.__
<br /> '�# �'��ir•• ... proceedings are instituted. To reinstute the Securiry Instrument. Horrower shall �ender in u lump sum all sunounts required to �.;�'
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<br /> �� � t bring Borrawer's account curcent including. to the extent they Lre abligations �f Borrower under this Security Instrument, --
<br /> ��M�'•- `•���r�1, foreclusure costs and reuwnable und customury attorneys' fees and expcnses properly ussocinted wilh the foreclasure
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<br />;;�.`'°.�'' �"'-'��" �"`'� ptoceeding.Upon reinstatement by Borrower, �his Sccurlty Instrument and the obligutions thnt it secures shall remuin in cffert
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<br />':=�""'�'"` � �" as if Lender had not required immediate payment in full.However. Lender is not reyuired ta permit reinstatement if:(i)Lender ,��
<br />-,� �� � hus accepted reins�u�ement aQer the commencement oP fnreclosure praealings within two years immediately preceding the
<br /> "`��^�• • � commencement of n curcent foreclowre proceeding, (iil reinstutcment will preclude fi�reclosure on different grounds in the �•-`
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<br /> _ ->•�C'•:�'�': future,or(iii)reinstatement will udvenely affect the priarity of the lien created by this Securily Instrument.
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<br /> ` ;;�t,• 11.Borrower Not Released;Forbearsmcc By Lender Not a Wuiver.Extcntiion of�hc timc of puymem or muJiliwtiun uf -�-
<br /> -�"'�''"u•"`r�"'° amortiuitiun uf the sums secureJ b �his Securit Imtrument �ranted b Lender to vn +ucces�r in interest of Horrower shall -
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<br /> i�{c�s_':-�"s"�:�n not operate to release the liabiliry of thc ori�inal Bom�wer or Borrower',successor in intere5t. Lrnder shall nat be reyuired to
<br />��� '�•+' <:��',,,, commence prcxeaiings against uny successar in interest�►r rrfutie to ex�end tinx tix payment or ntherwise modify amartization _,_
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<br /> _�_ .,.,. ,:;��: of the sums secured by this S��urity Ins�rument by reason of any demund mudc hy �hc original 8orrower or Borrower's F=-
<br /> � successa�s in interetit. Any fortxarancr by LenJer in exercising any right or remedy �hall n��t he u waiver of or preclude the ��-
<br /> �� ,, exercise c�f Any right or remaly. �{_
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