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<br /> _ __ �_�.� rePerred to in paragraph 2, ar ciwnge the amaunt of Fuch p:►ymcntF. Any excess prcxcals ovcr an am�wnt rcquir«l �o pay all
<br /> -__--- -- outw+ndin�iod�ebtalness u�der tho Nwe�url tliir Socu�ity Inatrum¢nt stwll bn paid w the entity le�ally e�uill�xl�herew.
<br /> ----- �. Fee�.L.ende�may collert fees und cherYes authorixed by thc Secretory.
<br /> `:.,� a�'. 9.Grow�ds tor Mcelerpltoa ot Qebl.
<br /> �� (o) Def�ult. l.ender mny, except ati limited by regulations iswed hy the Secretary in Ihe case uf payment dcfaults. r_
<br /> ' ` _�, roquire immediwe payment in full uf all sswns secured by this Securiry Instrument if:
<br /> -�"�`--.�T�'^:.� Ii)BaROwerdefaults by iailing to pay in full any monthly puyment requircd by thia Security Instrument pdor tu or
<br /> "�����;;,,_��.� on the due date of thc next manthly payment,ur
<br /> ,��,,,�--z��:�.�,:--~ (iil &�nawer defaults by failing, for� periad af thiRy J�ys, w perform any aher ubligatians c�onuaned in this
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<br /> �•: (b) Sale Withaut Credlt ApprovAl. l.ender shull, if pemiiued by upplicuble law and with the prior approval oi the
<br /> �,,;�,^�!�'`°�{r 5ecrctary, rc��nir� immeYlfa�e payment in full of all sums se�vreJ by�his Security lnx�rument if: �
<br /> li) All ar part af the Prupeny, or a beneGcial interest in u trust owmng all or paa of[he Propcdy, ja sold or --
<br /> , !'�� �otherwise transfened(rnher than by devise ar descent)by ihe Bnrrower.and
<br /> — _'.�;�;�,l::�;:_-��;� ,. (iiy The Propeny is nW occupied by the purchaser ar grantee as his ur lier pri�wipal residence, or the �
<br /> �" ,� ,'�'� ' purchayer or g rontee dces so excupy�e Property but his.or her credit has not been approved in accordance w�the
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<br /> - -�q�• rrquicements of the Secretary. °-
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<br /> � .:�r.�fi.'3��` (c)No W�Iver,If circumstunces cxcur that wauld permit Lender to rc�uin.immediute ps�yment in full,but l.ender does
<br />_j;;� �:,,...._;°.••- �wt require such payments, l.eiuler daes�t waive its rights with respect to subsequent events. _
<br />;_ :� ` � (d) RegulAtbns ot HUD Seeretary. In muny circumstances regulations issued b�� the Secretary will limit L��x1er's --_
<br /> '° ' righls in the ca+e nf payment defuultr to require immeJiate payment in full and fohtilose if not paid. 7'hia Security ---
<br />�:�.-:� , � �` � Ustrument dnes na autharize xcelemtion or foreclosure if nat permitted by regulatioiu of the Secre�ary. �
<br /> - • (e)11foKgaRe 1bt Insured.&►rrower ugrceti Ihul shoulJ this Security Instrument und the Note secured Ihereb�•not be -
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<br /> r �. eligible for intiursnce wxfer the Nutionnl Housing Act within 60 duys fmm the date hereof,L.ender may. ut its opuon
<br />- - �;` �__ - arn!nciss:•ithsta�uling stiythinr in parugruph 9.f!'yu1lr j�pnw�liete p:�ymenl in full of all sums securcd by this Securitv
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<br /> � � ' ' � Inslrument. A wrivan uatement uf any vuthcxixed ugent uf the Secretary dutcd subsequent to 60 days fmm the date
<br /> . �� ' •''"'°""`"� heroof,declining u�intiu�this Security In.tniment and�he N�xe serured thereby, shall he Jeeme�i cuncluaive praof cif
<br /> _ ` ��• , ' �•'. surh ineligibili�y. Ncuwith,tunding the furegoing,thix option may not be exercised by l.cnder when the unuvuilability �
<br /> � . " • • of in.uran��e is solcly dua ta I.ender's i'uilure tn remit s►�rtgagc insuronce premium to the Scrrewry. —..
<br /> ' '���� "��`�`� � l0. RelnstatemeM. eorr��wer hu, n right to tx reinstu�cJ if Lender hur required imrtk�diale payment in full bcc•ruse of �`��r
<br /> � � � &►trower's fuilurc to p•ry an umount Jue under the Nate or thi�S�curity Im�rument. This right applier even ufter ti►rcclosure
<br /> . �,� proceeciings are inti�iwlcd. Ta rcimtute the Security In,trum�:nt, &�rrowcr,hull tenJcr in a lump sum ull amounts rcquired to - r
<br /> � , bring Borrower'ti urciwnt current including, tu �he extent Ih�y ure ubligutiom of &�rr��wer unJer this Security Inytrument, —
<br /> � � • - fiireclosure co�ts anJ reawnable und customury auorncyy' fcti+ •r�xi expen�r� properly a+uxiated with the furecl���ure �
<br /> . � �.`.°.`` :•• pra��eding. Upon reinstutcment hy Bc�rrower, thin Security Instrumrnt anJ thr��biiguti�ms that it y�rure�rhall Rmuin in effect --
<br /> � , ' as if Lender had ncn requin�i immediu�e paymcnt in full. Huwever. I.rixicr i.nat rcyuireJ to permit rcin�tut�ment it': lil l.ender �_�
<br /> ' has accepted reinstatement after the commenrement nt' fiirc*�la+ure pr�xct•ciing+ within �w�► y�ars immeJiutely prec�ding �he �:��
<br /> � •' '`' �� ° cammencement of a curcent ti�rerlei.ure pnkceding, liil rcintitutcn�m will prerludr ti►rcrla,ure on Jifferent gruundc in the �-�-
<br /> " •� future. or eiii)reins�a�emcnt will adver.�ely ul'fert�he priurity<�f�hc lien creatcd by thi.S�tiurity Instrument. __
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<br /> :. •,•, •�� .. •;:;:,;;�:� : 11.Horrower NW Released:�orlx�mnce Bv I.ender Not u��'pi��cr. Extcmion ul th�tim�ut'payment o�malitication uf �-_
<br /> , • ' �:>� ,''.%':,`•:ii�r�, amorti�tion of the wms xecured by this Srcuriry Imtniment �rant��l by Lcnder tu any .urce+.��r in irnerest ui'&►rcuwer+hall
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<br />- . � , ,�..;�y: not operate tn relca�thc liabilily M'the originul &xriiwer ur &►rrawcr'.�urc��snr in intcrc.t. I.rnJer.Iwll not lx rcyuirccl W �-
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<br /> '� ' � rommenrc pnx�oeding+a�ainst any succe+u,r in intcrc.i ur rcfuse t��cxtrnJ timr li�r pa�nkm i�r utFkrw•iu mixlify amurtiration
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<br /> of Ihe sums s��cureJ by this S��curity In�trument hy rca��m oi;my drm•rnd m•rde h� the ari�!inal &xruwer ur &►rruwer'r �-
<br /> � - ° � �" succesu�rs in interest. Any furbr•rranre by Lender in exerci,ing um rigM ur remaly .hull Mu hc a wuiver of or pr�wlude the �,
<br /> ' '° rxerci�e c�l'uny right nr rernc�ly.
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