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<br /> ���:�,�..��,��.��:�� 82-. 10`v�00"l
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<br /> �����—_-- rc.ferced tu fn parograph 2,or changc thc anxwnt of such�ymenta. Any cxcess pr�xc�da�wer un urn�wnt required �o pay all ---
<br /> �„�,,,,,� ouwYnJin�indebtaine�wdrr Iho Note aml thiw Sau�lty Inx�rument rFwll l�r p•riJ to the entity le�olly entitla�l�heretu. �-
<br /> — —o�� S.Fea. Lcider may colicc�i'oeR w�J�Iwt�cs uuthu�izod by the Secretwry.
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<br /> :� 9.Grauadr for A��rder�lbn ot Debt.
<br /> �'������•,` ' Ia)Detault. Lcrder nw,y, except u.r limitetl ity tcguludons i+�w.�l hy �he Sccrctary in the cu�e ol'payment defuults,
<br /> -- _ �:��; neyuire immoJiute payn�ent in full ��f�Il,ums necured by thiti Security In.rtrument il': _
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<br /> ����� li►Borcower dcfuults by fuiling to pay in full uny munihly puyment required by�his Secu�ity Instrument prior tu or
<br /> .�' �`���T%�t.,...,�
<br /> •.'�,.�.,.�t,�_Y,l un thc due Jate of'Ihc next mnnthly payment.or _�
<br /> � . lii) &►rmwer defaultv by f�iling, f'ar a periud uf thiny days, to perform urry uther ubligotic�nw conwined in this
<br /> � �T�r_,�
<br /> . � Securlty Instrumenl.
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<br /> - �- � �;. ,��.••;;• . lbl�le Witlaut Credlt Approval. lw:ixic�r�hull. if permiuod by upplicable luw und wiih the pri�ir apprmal af the —°
<br />- � '" . Secrctary, reyuire fmm�.�lialc puyment in i'uU��f All 5ums securc�l by�hi.r Securiry In�trumcnt if:
<br />- „�: ..:.; . .
<br />- , .. ,�_ li) All ur pun af'thc Pr��perty, or u henePiciul interest in u�rus� owning ull or part of the Property, is sold ur
<br /> ��� •�` �.�;���.•= ��:�� nthenvise�ransfernad Irnhcr than Ay devi.r•c or Je+centl by thc&►rrower,und
<br />—�, �; _ �'_,,q��' lii) Thc Property iz n��t ixcupied hy the pu�chuser or gr.unce s4s his on c�r principal residence, or the �_
<br />--=°_ `•y� ��� purchuser or grantec dnes u�occupy the Pmperty but his or her creJit hus nat Mxn rpproveJ in ucrnnlance wilh�he
<br /> � ":�-����`������ reyuirementsaftheSecretary. --
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<br /> --- ^',N' • �='y • ." (c)No Wwiver. If circumstunces�xcur thut w��uld pertnit l.ender�o reyuire immediute payment in tull,but Lender doex
<br /> . � ° not require such payments,l.ender dnes nnt wuivn its rights with respect to subceyuent evems. _
<br /> ^ (d� ReRuladons ef HUD Secrelary. In many circumsinnce+ re�[ulution� issued by �he Secretary will limit Lender'g
<br />- �` � •• " rightti in the cu.e of payment defaul�s tn require immediute puyment in full •rnJ fure�losc if not paid. This Security
<br />_ • " Imtrument daes na awhurize ucceleration or fareclosure if�x►t permined by regulutionsot'tl�Secrewry.
<br /> " ° • (e)Mortga�e Not lnsurcd. &m��wcr•rgrce+�hut shuuld this 5cturity In�trument rnd ihe Note secured thereby not be
<br />__ �J � eligible for insurunce under thc N�tinnal Hausing Art within 60 Juys from the dute Nereof. L.ender muy,at i�s option
<br /> ___�..��j!'_�:���.:.�.�-° .____ :�+ui no�wi�hstundine nnythine in parueraph 9, rcyuire immediute payment in full nf ull rums u�ured by this Scxu�ity
<br /> - ' • � • � lnstrumcnt. A written+tutenxnt��f uny uuthorizcd ugcm uf thc Secretary dutcd subscyuent to 60 days from the date
<br /> hereof, declining lu insure thi.r• Securiry In,trument und thc Nute xecurecl therehy,.hall lx deeme�i c�mclusive proof of
<br /> � • . tiuch ineligibility.Notwithstunding the foreg�iing,this uption nu►• not he excrciti��i by Lender when the unavaflaMility
<br /> ' oF ins�urance is sdely due to l.etuler's Fuilurc ti�remit u mortgage insurance premium to the Secre�ury.
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<br />' '�, • !9. Reinatalement. Borrnwer hu,u right 1n Ix rcim�uted it'l.cnder hu+ required immediute payment in full hecuux of
<br />' , � • : ; ' &�n��wer's fuilure to puy an •rmount Jue unJer the Note n�this Security Imaumrnt. This right Lpplies rven ulter foreclosure
<br /> k � � • � pr�xceJings ure instituted.T�i reinsiute the S��uriry bixtrument. Borruw•cr,hull �endrr in a lump tium all umounts required to �`"�
<br /> �� ' bring &irrowcr'. arciwnt ruRent inrluJing, tu �hc rxtent thcy arc ubligatiim� of Borrower under this Securily Instrument, �
<br /> � fnreclo�ure ra��+ and rea+�,nubl� anJ cu�tomary auorney.' f�c� and expen�c+ pn��xrly a,scxiuteJ with the fi,reclosure � '
<br /> . „ procceding. Upon reinsta�cment by Borrawcr, Utis S��urity In�trumcnt und thc ubligatiurn Ihat it +ccures.hall remain in cl'Pect �;
<br /> � • " ac if l.ender haci not reyuircd immcdiute puymeot in full. Howcvcr, l.cnder i,ncx rcyuircd�u permit rrimwtemem if: (il Leixler
<br /> .' . hax uccepted reinstatement .�t'ter �he romniencemen� ��f li►rcrlozure prixtiedingti w•ithin twu years immeciiutely prcreding the �
<br /> � cammcncement of u current fi�rc��lutiuro pnxcc�ling. (iil reinswtrment will prerlude fi�mrl��wrc un different grounds in the `
<br /> • future.or Ifiil rcinstatemcnt will uJvenrly uffect ihe priarity��f the licn creatcri by this Seruriry Inslrument. __
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<br /> # .• • 11.Horrower Not Rcleused;Forheurance By I.ender Nnl a�ti'aiver. Exten�ion ul'thc time uf paymcm��r m�xlificution uf �
<br /> � � umortizution ol'Ihc xums xcurcd by thi.Sccurity In,trumrnt grantcJ h�-Lc�xlcr t��un�� tiucrc>�or in intcrcrl��f Bor�owcr shull �
<br /> „ . � not npemte to release the liubiliry ��I'the uri�inul Borrowrr or Borrnwrr'+.ucrr++ur in interc,t.I.�nJ�r+hull n��t he rcyuir��i to ""
<br />_ . commencc prixcedings aguinst any.urrc�wr in intcre�t ��r rcfu.c u►rxtcnd tinu li,r puymcnt ur ulhcnvik nxxlifv amortiiatiun
<br />� . •- • of the sums securcJ hy Ihiti Serurity Intitrumenl hy rcation ��I' any .lemunJ maJe h}� Ihe �tti�ival Burruwcr ��r &�rr��wcr'x
<br />-. ' sucressors in intcrost. Any li�rhraranrr M� I.rnJ�r in r!crrri.in� an�• right �,r remcd� ,hall n�H hc a waiver of ur pr��riude the '
<br /> . cxcrcise c�i'any riFht�tt rcmcJy.
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