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<br />�� (i f All or part of the Propeny.or a beneGcial interest in a trust o�vning all or part of the Property, is sold
<br /> or othenvise tiansfer�ed fother than by devise o�descentl.and �
<br /> ', �iil The Property is not accupied by the purchaser ar grantee as his or her principal residence. or the
<br /> . purchaser or gsantee daec ,o ucrupy the Property but his or her ciedi[ has no[ been approved in ���
<br /> acwrdance with the requirements of the Secretary. �•"=f
<br /> � (c)No Naiver.If circumsmnces occur that woutd permit Lender to require immediate payment in fi�ll, hut
<br />-� Lender does aot rec�uire sucfi paymenGs. Lender�ioes not waive its rights with respect to subsequent events. "`
<br /> _ ��-
<br /> ' (d) [3egulatiur.�of HL�3eerets�y. In many circumstances regulat9ons icsued by the Secr�tary wiU Iimit
<br /> Lender's righ�.5,in the case of payment defaniu. to reyuire immediate payment in full and foreclose if not ��
<br /> � paid. This Security Instrument does not authorize acceleration or foreclosure if not permitted by regulations �
<br /> of the Sectetasy. � �
<br /> (e)Atort�;a�e Not Insared.Borrawer agrees thas if this Security Instrumertt and the Note are not deternuned �-�`
<br /> to be eiigilsle fos insurance under the National Hausing Act within 60 days fram [he date hereof. Lender —_
<br /> _ �may, at its oprion. require iinmediate payment in ful! of a!1 sums secured by this Security Iastrument. A �R
<br /> �vritten statement of any authorized agent of the Secretary dated subseque�u to 60 days from the date hereof. :4` : :
<br /> declining to ins�re ttiis Securiry Instrument and the Note, shall be deemed conclusive proof of such f7.}:
<br /> 4;�,x
<br /> ineligibility. Notwithstanding the foregoing, this option may not be exercised by L.ender when the }�"•�
<br /> unavsulabiliey of insurance is solely due co Lender's failure to remit a trnrtgage insurancx premium to tt;� �.°;
<br /> 3ecretary. `--'-
<br />. ,j�F•�,' 10. Yteiastate�neni. Soreaaer has a right to be reinstated if Lender has reguired in+�nediate p��rm�nt in futl �""
<br />:'�,���,�,.-�� becaase of BorrowePs failure to pay an amount due under the Note ar this Secucit� In�ens. This right appfies �o
<br /> '��"� even after foreclosure proceedings are institute8. To reinstate the Security Instrurren� I��tower sha'3 tender in a �`���
<br /> t�mp sum ap amounts mquired to bring Borrower's account current including.to al�.r,eatem they a►e•a 3ligations of �-;�
<br /> Borrouer under this Security Instrumem,forectosure wsts and reasonable and wstostFary artomeys'fe�:r�ad expenses
<br /> •� properiy associatad with the foreclostire proceeding. Upon reinstatement by Borrawer,this Security Instrumem and
<br />'.��:�r the obligations that it secures shall remain in effect as if Lender had not reg�crod immediate paymeat in fufl. �,--'
<br /> ,„``? H�wever, Lertder is not required to permit reinstatement +f� (i) Lende� has acs�pted reinstatement after the
<br /> ' commenr.ement of fnrectosure pr+oceedings within two years:m;cediately precedi�rt�tFx oommencement of a current
<br /> � ' foreclosure proceedi�s�t. (iil reinstatement wil} pr�lude fareclasure on differant grounds in the fjurtr�, or (iii) � �
<br /> � reinstatement will udar�srly affect the priority a€F.hs iien created by this Sti:s�rin•Instrc!r�ent.
<br /> ',:;u��;. lh �o�ro�res P's?'i�C�tete�serl; Forbearano�By Lender Not a i�siver. Exten.sinn of the time or�payment ar � ----
<br />:''.;. ;' modifi�ztvon of anzarrizadon of the sums seavred by this Secunty Instrument granted by Lender[o any succes�or in _
<br /> , intenst af Borrower�fiall not operate to reloz:y�tiie liubility of the original B�ornavrcr or Borrower's successor in ;
<br /> •• interest. I.e�der sh�ll.nnt tse required ta comn�.�proceedings against any sacoessar�in interest or refitse to eatend ;�i
<br /> . time for payment or arci:envise modify amnrtirateun of the sums secured by this Security Instiument by mason of any
<br /> demand made by the original Borrower or Barrower s successors in interest. Any fc�ctr�t►rance by l.ender in exercising '�-.
<br /> <��, any right or remrdy shall nat be a waiver of or preclude the exercise of any right os«r•.edy. •
<br /> l2. Succcssars and Asstgns Bound;Jaivt.and 5everat Liabillty;Co-Ss�erc�.The cavenants and agreements
<br /> of this Security lnstrument shall bind and bers�,lia:d,-e succes.qors and assigns of L:rzdcr and Bornnwer,w;bjcxt to the `�
<br /> ;'`.' provisians of paragraph 9(b). Borrower s coc:�Bji31�ancD agreements shall be jo6nt and several. Any.T3orrower who '"-""'
<br /> �'� co-signs tfiis Sscuriry�Instrument but does not ct.acute the I�ir.te: (a)is co-si�ninB tfiis S�;curity Instrument�nly to ',�°��
<br /> ` ' morlga��,:j�rant and caavey that Borrower's i.-aenst in the P't�perty under the ter�of tlya<<,5,ecuriry Instrumenr.(b). . :; -
<br />,�±�?•:''�.' is not Fersonalty obin,�ated to Qay the sums s�.r,red by ehis Securiry Instrument;and{c)��,*s�es that 1,�^..cfer and any °
<br />;�•`,;: � other Borrower ma}�a�},iti:e to extend, modify, frJCi�ear or make any accomraodatio�with regard to t�x�t�:rms of tflis . �–
<br /> °�' � Secttri'ry Instrumetif nr•�9;e Note evithout that Borrowei s consent. � –'"
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