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<br /> - rePerred to in pnrogroph 2,or chongc the amaunt of such paymeMa. Any excess pracoeda over�n+�nxwnt roquircd to pny all
<br /> _ outaandin�indebtednas under thc Note u�d�his Secarity Instrur�xnt sl�ll bc paid w Ihe entlty le�ally entitlod thercto.
<br /> s.��:�� B.Feee.l.ender may rnllect fea euid cl�uges authorized by the Secretary.
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<br /> :�. . � --��+�.' 9.Grounds tot�AcceJention ot Debt.
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<br /> � ;� ; (a) Def'swlt. l.ender may. eacept as limited by �rgulations issued by the Srcrecury in the case of payment defaults,
<br /> requirc immediate payment in full oi all sums secured by Ihis Secu�iry Instroment if:
<br /> --�"`Y��,�,;,;�� (i)Borcower defaul��by failing�o pny in full any mo�xhly puymem required by this Securi�y Instrument p�ior to or
<br /> __ - `�'�' on the duc date of the next monthly payment.or
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<br /> �_�.-..,, (ii) Borrower dafaults by faling, for a periud of thiAy day�. w perl'urni+u�y rnhar abli�{utiund cuntui��d in�hi�
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<br /> -- �r_,... �.,. 5ecuriry inxtrumenl. —
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<br /> ��'..���-� (bl Swle Without Credit Approvs�l, l.cnder xhull. if perniiu�rl hy uppliruble luw unJ wiih ihe priur approv�l ot Ihe
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<br /> - - �- ����• Secretary,requirc immediute paymenl in fu0 uf ull �um�+ecu�cd hy ihi,Seruri�y InrtNmcnt it'c __
<br /> �a..r..:.�..:�_�-1d lil All or part of Ihe Pn�peny.��r u heneficial Imcrc�� in u �ru�� ��wning�11 or p•rh��f�he Propeny, iw uild nr
<br /> --- _�1 nthenvisce�ronsfeRed(aher ihun by devize or desccnt�hy�he&�m�wer,wxl
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<br /> —_ _�,�__ liil The P�apeny is nnt acupicxl by the purcha�er ar gruntce ar hix ur her prinripvl re�iJence, or the
<br /> --�_��•;.:�;::�:'...`�:,;_ purchu.�er or gramee dac+ +��oc�vpy�he PrupeRy but hia un c�r rredit hu.�nut bce�app�nve+l in w,ti�urJun�.�with the -
<br /> _-- � '.;..;�k._. ,`^ � rcyuirements of Ihe Secrctary. �
<br /> -��"'"�`'°'`—"="""` (e)No Wviver. If circum�+�unces cx:cur that would permit Lender�a reyuire immaliate puyment in full,but Lender dces �;
<br /> `•�' ' ' not require such payments,L.ender docs nnt waive itarights with respect t�subsequent events.
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<br /> �;�,, ���'� . (d) Reguladons ot HUD SecMary. In many circum�tunces regulations issued by ihe Secretary will limit l.ender's
<br /> _�::�; •� '''' " ` rightr� in the case of payment dofaults to require imnediute payment in full and foreclose if not paid. This Securiry
<br /> _.--,.y�'„ ;t;'}&'�,•; .,•, •�:•; Instrument does not uuthorize accelemtian or foreclowre if not permitted by�egulationa of the Secretary. ��
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<br /> (e) Mortgage Not Insured.Bonower agre�.+that should this Sccurity Instrument and the Note secured thereby not be i"�`'`
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<br /> .,-;.° �..�`s�w��:,�;,'9 eligible fo�in�ur,uue under the Na�ianai HouAing Aa wi�hin b0 dayti from tiio alu�e hm�wf. 1.endcr may,at iis optian
<br /> -_''.':���`"'°'. '��:;: nnd notwiths�nnding unything in purngraph 9, require immediate puyment in full uf all sums secured by this Security ___
<br />-:`;r.����� ��-' " � � ��'`� ' lnstrument. A written stalemed of eny au�horized agent uF the Secretary dnted subsequent �0 60 days f'ram the date
<br /> ' � '�``°�`�'� '� hereof, declining to insure this 5ecurity Instrument�nd the Nrne secured thercby, shull be deemed conclusive proof of -
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<br /> ��'t:,,'' .,;*.,;.;^."'� ,��`�,�� such ineligibility. Notwi�hs�anding Ihe foregoing, this optiun may not be exercised by Lender when the unaveilability �
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<br /> :t.� � ':�;,...:r,„.':'••t ;, of insur�nce is solely dua to L.eiuler's failure to remii u rnortguge insurance premium to the Secretary. ��=
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<br /> �� ,-•;�:,� � �:•� 10. Reinstatement. Borrower ha�u right ta be reiastutcd if L.cixier hati required immediure puyment in full becuuse of .
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<br /> :t,�%�"t"'� Bc�rrower's failure to pay an amcwnt due uiuler the Note or�hfr Sccurity Instrument. This right applies even ufte�foreclusure �"`,;'.'
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<br /> • ' procc�edings are instituted. To reinslute ihe Security Inrtrunxnt. &�rrower�hull tenJer in u lump�um all umounts required to
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<br /> , , ,•�c bring Borzawer's uccuunt current including, to the rxtent Ihey are ohligutionr of Burcower under this Security Instrument, �„
<br /> - � � ;�,���; . forerlosure rnsts und reawn�blc und customury uttorney� tiM. und cxpenses pmperly assaciated with the f�reclosure �,�_
<br /> � ' prceeeding. Upc�n reinst�tement by Burmwer, this Security In.rtrument und �hc obligutions that it secures shull remnin in effect �;..
<br /> , - _ *� ...� ras if I.enJer had nnt required immeJiate puyment in full. Huwever. L.crnlrr is n�x r.:quired to permit reinstatement if: (i)Lender � --
<br /> •., . � .. has accepted reinstatement �fter [tie comn�neement of fo�eclotiure pnxeeJing� within two yean immedia�ely preceding the �
<br /> � " � . ' � � commencement of a current ti�reck�sure praeeding. (iil reinst�tement will prccluJe forcclosure on different grounds in the
<br /> `�� ' ' o futur+e,or liii)rcinstatomcn�will udverxly uffNCt the priority of the licn creat�l My thiti Serurity Instrument. __
<br /> `� � ll.Borrower Not Relenscd:Forbearsince By I.ender Nnt a Walver. Extension of thc timr of payment ar modificution of �'�%�`�
<br /> " � '�- arnortizntion i�f the xumx secured Ny this Securily lnstrumer�grnnteJ by L.cnJer to any succe�cor in interest af Aorrower shull —
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<br /> �•�. ° "°• ncH apersue to rcicase the iivbility of the original Burrnwcr nr Born�wcr'+tiuccc+�ur in irncrrst. Lcnde�shall not t►e requircd to
<br /> � � rnmmence prcxectiiings against uny successor in incerest or rcfuse to rx�cnd timc tiir paymem or othenvice modify amortizution
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<br /> ° ^ : ;�.,ti of the sumti secured by this Security Intitrument by rea+on�if any Jemand mudr hy the originul Borrower or Borrower', �
<br /> . � • ,..;;�, successon in interext. Any fi►rbearance by Lender in excr�i�in�uny right nr remeJy .h•rll ix�t be u waiver of'or preclude the
<br /> �� '�'�,''� exercitie of uny right nr remedy. �
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