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<br /> ��:�
<br /> � 9�d gOfl3��► ��-
<br /> refemed t�io paraeraph 2.or change the amonnt of sush payatents. Any excess prace�eig over an amount required to paq uli _-
<br />• outswnding ir.dcbteslncss wider the Note an�this Securiry insnv�nt shatl be�id to ttie entity iegiiy en�idod tiier�fo. --_
<br /> F<"="
<br /> � 8.Eea�.Lender may coitest fees and chsrges twthorized by the 5ecretary. �"
<br /> �
<br /> , 9.Grc�un�for Acc�teruiton of Deb3. �,
<br /> (a) DeYnult.L�cder may.ea�cept�.s limited by regrilations issued by the Secretary in th.. case oi payment defaults. �-•--
<br /> require immediate paymant in full of�11 sums seatred by this Seturity InstruReent if:
<br /> __ (i)Sorrower defaults by faWi�to pay in full any monthly payrnent required by thts Securiry In.strum�nt pdor to or �.'_.
<br /> ; on the due daip of ihe next monthly payment.or ��"�
<br /> (ii)Borrawer defuults by failing, for a period of thirty days, to perform any other obligations contained in this ���
<br /> Security InswmenI. —"
<br /> �
<br /> �_'� (b)�ale WiWout Credit Approvsl.L.ender shell, if permiued by applicuble taw and with the prior app�vval of the �,.
<br />,; ,t Secretary. require immediate payinern in full of all sums seaue�by thfs Security Inswcnent if: °`
<br /> ' (i)All or part of the Properry. or a beaeficial interest in a mtst owning all ar part of the Ftvperty. is sold or —
<br />� �� otherwise uansferred(ather than by devise or descent)by the Boaower,and �,
<br /> �,,,j (ii) 'I�e Property is not oocupiai by the puretiaser or grantee as his or her princig�l residence, or the
<br /> � purchaser or grantee daes so occupy the Property but his or her crrdit!u�nat been appmved In ec,cordnnce with the
<br /> ��� requireaments of the S�taiy. �;
<br /> . � _
<br /> �� (c)No Waiver.If circumstances occur ttsut would permit Lender to reqnire imme�iate p�yment in full.but Lender dces
<br /> ' 4� aot require sucb paymeats,Lender does aoi waive iu rights witb respect to subsequent events. —
<br /> �� t. --
<br /> Y� f,r�?Yt¢gulations of�HUD�ECreiary.In many cucum�regulations issw�d by the Secretary �vill llmit I.ender's
<br /> • "� �u in the case of�yment defautts to require inm�e payment in full and foreelose if not Qaid. This Secarity —�
<br /> � � . ��mment does not authorize acxeleeation or foiecias�if aot permitt�d by regulations of the Secretary. �
<br /> . ;. �_-
<br /> �';. , r��)Mortgage 1Vot Iasuredo T3�*.svwer a„r��at shontd this Security Instnunent and the NAte secured thereby not be �
<br /> , !• " .,�c;�'bte for insuranse und�2'�:�ationrs���nsing A�t vr'sthin 60 days from the dute hereof, Lender may. at its optioa �.
<br /> ,V �` �uif�.�otwithstanding anyt�i�g.in�aragrag�9, re�uirn i�ia2c paytaeni ia full of all sums secvred by tlus SeEUrity �
<br /> '�mst,:,�ment. A waiuen srar�ns of auy �.��d a�e2 af the Sezretary dnted subs�eqpent to 60 days from.tlte date
<br /> ��; �. hereof,decl�ru iasure tfis&ecauIty Z�eat and the Note secured thc+c�eloy.shall be deemed conclus'sve proof of
<br /> •��- . . such ineligib�;:wc�Noiwithstanding the fu���ng.this opdon may not be exercised by Lender when the unavailability �';
<br /> �. ':; of insnrartce is solely dne i�tiseadei s failure to remit a mortgage insuranoe premium to the Secretary. —
<br /> s .
<br /> �..-� : lv..�te�te�:nt. Bar�ower��'�_a right tc�be rein�taee�:g Len�er hes�equired immecliata payment in full 6ec�usao�of� Er__
<br /> �`�� ? Borr4wer`s faiIure to pay aa amouat due under��"3ote or this Security I�strumeat. This ri�ht applics even after fa�eclda�nx —
<br /> } Proceedings are instituted. To reinstate the Sela.,�:3��.�strument. Borrower shall tendeT in a lump sum all amounts m,qqi��¢d¢a =
<br /> �� bring�::^rower's acoouni current including,to �zxtent they are obligations of BorraN�r under this Set,urity In..�stment,
<br />��•: � ' forectasY`.�.�osts and reasonable �u�+,,.li c�stomary attoraeys' fe� and expenses propetly �ssociated wit� the foieclasure
<br />;;;;;- prooQed�7g: [Jpo»reinstatement by+.flr�ower.this Savriry Instrumcnt and the obligations thai it s�ecures stal!mn�in in effax --
<br /> �:.-��,� as if Leader had not required immadiate payment���Il.However.Lendee is not required to peraut reinstatemeut if:(i)Lender �'""
<br /> "�� � � ��� has ecoepted reinst3tement after the commen�af forsctosure proceedings within two years irnmedtately preceding t6e
<br /> � oomatencement of a current forec�a�re procee�iing, (ii) reinstatement wili preclude forectosure on different grouads in tlse � �' _'
<br /> ,�- , fumrr,.��(iii)reinstatement will�t'+:iw�ty afFect the priority of ti�e IIen cmatt�by this Security Instrument. ' ��
<br /> . . Il.Bonr,R•es�'�tt�itf�e�tt!};For.6e�r�ace F3�E,�der R'�ot a Walvee.Extcnsion of the time of Qaym�r►t or modificat�an of �'
<br /> � amortiaation of the siu:�s sec�siz��by this Securit�fn�...�e,.�t granted by Lender to any succe5sor in interest of Borrower sLall `
<br /> � �.� not operate to release the liabiliry of the originaJ tek.�ro�+er or Borrower's succe.ssor in intetest.Lender shall not be re$uired to —`
<br /> • oommeacg,pmceedings a�ainss any successoJ in intet.est or xefa�e to extead time for paymemt or otheza+ise modify amortazation �,�_.
<br /> ' � of the sasaar��r.,cumsi�u 3his Secariiy Instru�e�t•by reason����'any demand tnade 6y We original Bortower or Bonnwer's �
<br />.` •. •sucoess�:;�>n,i��:�1�sy forbear�stse.by II.eE.ti'r��r i�a exercising any right or remedy shall nat dE a walver of or preclude tha _
<br /> � . eaerc➢se of any ri�i c�x,t r�cnedy. �
<br /> . �'�-•.
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