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<br /> f p�rn�ruph 2, or chnn�o tlie [!nlaimt of such paynv:nts. Any excess proceeds over rm nmount rcquir�d to pay all ouG4tandin� ��`
<br /> � indcbtedness under the 1Vau:nnd this 5ecuriry Insuument shull Bc paid to the cntiry legt�ly cndtled s�icrcto. L,'.
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<br /> .L $� �.Fees. Lendcr may collect fees and ehargce autfiori�.ed by tho Secretery. 6[
<br /> ��'�""�'� 9.Grounds for Accel�ratbn ot ikbt. `_
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<br /> ' �6�u�i vj :.�'. �w:�.:r°1r n thn raca nf nst�mCnt dCf8u1L9. `
<br /> �'=_ (�e)DetAUit. l.ender may, axcep[es iimi�eu uy �cg u l nu�as �• --- --- -
<br /> --'�� requiro immrdiato payment in full of rill sums secured by this Sccurity 3nstrument lf: -
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<br /> — (1)Borrowcr defaults by falling w pay in fuA any monthly puymcnt rcquired by th�s Sscudty Instrument p or to or
<br /> ;{.:��� on the duo date of ilrc next monthly payment,or
<br />, •�, (ii) Dorrower defaults by failing, for a pedod of thirty days, to petfonn anY othcr �bllgadons conteined in this
<br /> `�''� � Security Instniment. . -
<br /> v'�$ri�.
<br />-"- (b)Sale Without Creaiit Approval. L.endet shall,if permiued by appllcabla law and with the prior approval of ihe
<br />""���;� Secretary,require immediate payment in full of a11 sums sccured by this Security Insnument if:
<br />�=L��.� (i)AU or part of the Pcoperty,or a benefccial inun*st In a trust owning all or part of the Property,ia sold or otharwisc
<br /> � transfen�(othca�than by devise or descent)by the Bormwer.und
<br />_-�_;,�� (il)'�1�o Property is not occuplcd by the purchaser or grantee as his or her principal resldenco,or the p�u�chaser oc —
<br /> _;,;� grantce doe�su occupy the Peopr,rty but his or her credit has noi been epproved in accordancc wid�the requiremencs
<br /> —= of the Secretary.
<br /> ��'�-��� (c)No WaSver. If circumstances occar that would peimit L.ender to r�quire immedi�te payment in full,but Lender does
<br /> ,,ny,�� not n:quire such payments,I.ender doe.q not waive its rights with rospect to subsequent events.
<br />-- - (d)ReguLaBfons of HUII Sc�ntary. In muny circumstences reguladons issued by the Secretary wlll limit•1.endca'�s
<br />_-- rights in�he casc of payment dcfaults to reyuire immedIate payment in full and foreclose if not paid. '[lhis Securtty
<br /> �'�� Insmunent does not authorize scaleratinn or foreclosure if not permiucd by reguladans of the Secretary.
<br /> (e)Mortgage Not Insured. Borrower agrccs that should thia Sccurity Insuumenc end the Note sccured therebY not be
<br /> eligiolc i�i i;�-�a�-ar�tusd.�slse N.:��'�°!H��g Ar�"•'�±h;"-�n�ts!yc from the zlate hereof.I.ender may,at its opdon and
<br /> _ notwithst�nding anything in paragrapl� 9. requira lmmcdiata payment in fuU of ull sums secured by this Security
<br /> Inswmcnt. A wrttun statement of any autlwrl�ed agent of the Secretary detod subsoquent W 60 days from the date
<br /> hecoog�decUning�o insure this gecurity Insuumeat and the Note secured thueby.shall be da:med conclusive pmof af
<br /> such inc�gibility.Notwtthstanding the foregoing,this opdqn may noi be execcised by Lender when the unavailabiliry of
<br /> insurnnct�s sokly due to Lender's feiluro co nmit a mortgage insurance premiam to the Sccntary.
<br /> 10.Reinstatxmen� Borrawer has a right to bo reinstated if 1�enda has reslu�d immeGiate I�aYment in full bocause of
<br /> Boimwcr's falluro to pay sn amount due under 1he Note or tltis Socurity Inst�umenG 'I1�is d8h�aPPlies even after forecloeure
<br /> procoodings are insdtuud.To reinstata the Securlty Irtstcuument,Borrower sha11 tender in a lump sum all amounts requ9red to bring
<br /> BcKrower's eocount c�urent including,co the eatent Ihey are dbligatians of Borcower under this 5ecurity Instrumettt,forcctosure
<br /> costs end n�nabb and customacy etwmoys' fees end eapenses proparly associated with the foreclosure proceed�n8. Upon
<br /> �cinstate.ment by Borrower,this Sacurlty Instrument end the obligations that it socures shall semain in tffoct ag if I.�rxk,r had not
<br /> req�ired inunediate paYment in f.ull. Nowever. I.ender is not requaed to pertnit reinstatement if: (i) Lender hag acccDted
<br /> —� �nsta�nent afyu thp cortun�ncenunt of foreclosurc prroccoodlegs within two years immediately preceding the comma�cer�ent of
<br /> a cumnt forecbs�ue procGeGing, (ii) reins�tanent will prectude foreclosure on diffaent grounds ln the fuwre, or (33i)
<br /> reinstatcxnent Wvfll adversely affxt the prlorlry of Iho llen creatai by this Socurity InsWmenG
<br /> 11.Borrower Not Rtk�uedi�orbeannce By Leeder Not�Waiver. SxWi.afon of the Rime ai paymeni u� nnuii:w,eiloij
<br /> of amoctuadon of the sums secured by this Sxnrity Inswment granted by Lendcx to any successor tn intuest of Borrower shall
<br /> not c�perate to nlease tho liabllicy of the originat Bamwa or Borrowu's successor in intenst 1.endu shall not bo ro9uired to
<br /> — �mme�co pr�c�n8s against any suocessor in inu.rest or refi�se to extend tima for puyment or othawiso modtfy amocti�tion of
<br /> � the sums secured by this Seciuity Uistrument bY reason of eny ckmand mada by the original Horrower or Borrcwu's sua:essors
<br /> _- in inueres�.Any forbear�nce by I.ender in axcrclsing anY ri8ht or remedy shsll not bo a waiver of oc preclude tha exercisa of any
<br /> - - right ar rem�dy.
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