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201009336 (i) AI I ar part of the Property, ar fl beneficinl inierest in n trust owning all or part of ihe Property, is sold ar otherwise trunsCerred (other lhan by devisc or descent), und (ii) The Praperty is not uccupied �y the purchnser qr grantee as his or her princip�l residencc, or the purchaser or grantee does so nccupy the Property hut his or her credit has not been uppraved in nccnrdanae wilh tha requirements nf the Senrelary. (c) No Wuiver. If circumstnnces occur that �vauld permit Lender to require immedinte puymant in l:ull, but Lcnder dnes not require such payments, Lender does not wgive its ri�hts with respect ta snbsequene events. (d) Reguintions at' HUD Secretary. In many circumstances regulatinns isstted by the Secretury wil] limit Lcndar's rights, in Che cnse of payment dePaults, tn requira immediate puyment in full and Fareclose if nal paid. This 5ecurity Inslrument dnes not authorize acceleration nr foreclosure if not permittcd by regulations af the 5eeretfuy. (e) Martgaga Not Insured. Borro�ver agrees thut if this Sacurity Instrumcnt and the Nntc nre not determined to be cligiblc for insurunce undcr thc Nationnl Housing Act within G(1 dnys from the date hcreol; I.ender may, at its aptian, require immediate puyment in full nf all sums sec�red by this Seourity InstrumenL A written statement al any authori�ed agent of'tha Seeretary dated suhsequent ta GC) days f�nm lhe date hereof, dealining ta insure this Security Instrument and the Note, shull bc deemcd conclusive pranl.' of sach ineli�ibility. Natwithstnnding che faregoing, this aptian may nai be exercised 6y f.,ender when tha unuvailubility al' insurance is sol�ly due to Lender's failure to remit ts mortgn.ge insurance premium to the Secr�tary. ]0. Rcinstutemcnt. f3orrawcr has a right to bc rcinstc+ted if Lender has requlred immedinte paymenl in fuil because af Harrnwer's failure ko pny an amount due under tlYe Natc ar this Security Instrument. This ri�ht applies even a[�er Forecloaure prpceedings are institutecl. 'I'a eeinstata thc Security Instrument, �a�ro�ver shall tender in a lump sum al! amounts required tn hring Borro�ver's uccount cwrrent includin�., to the extent they are oblig�tions of Barrower under this 5ecurity Instrument, fvreclosure oosis and rewsanable und custornary attorneys' 1'ees and e�penses praperly assaciated with the fareclasure proaeeding. Upon reinstatement by Bnrrowcr, this Security lns�rument and the obligatinr►s thut it secures shall remnin in effect us il' Lender had nat rcquirod immedinEc payment in full. 1-Iv�vever, Lender is not raquircct to permit reinskatement if (i� Lender hsrs uccepteci reinstatement t�fier the cammedcemant of foreclasure pro�eedings within twn yanrs immediately preceding the commencetnent a'f a current foreclasure proceeding, (li) reinstatement wil) preclude fvreclosure on dilrcrent gr�unds in the future, ar (iii) rcinstatement will advers�ly al'fect the privrity af thc lien creat�d by this Security lnstrument. li. Borrower Not Releascd; Curbearnnee By Lcnder lYot u Waiver. Extension of the time nF payment ar modification oFamartization of the sums secured hy this Security lnskrumertt granted by Lender to any successor in interest oF Dorrvwer shall not opereke ta release the Iiability af the ariginal Borrower or Borrower's suwessor in inte�est. I.ender shall not 6e required ta ¢ammence prcaceedtngs uguinst any successar in interest or refuse ta �rtcnd time 1'or payment ar oth�rwiss mndify amnrti�ttian a� the suma secured by this Security instrument by reuson of Any demund m�dc by tho orfginnl Bqrrowcr or Bnrrower's succcs�ors in lnterest. Any forbearpnce by Lender in cxcrcis[ng nny right nr ramedy sh�l1 not be a waiver oF or preclude the cxcrcisc af uny rigltt or remedy. 12. Succeasors and Assi�ns Bound; Joint und 5everu! Liubility; Co-5igncrs. Thc aovenants and �reemenEs of this Security Instrument shall hind and bene�t thc succesanrs und assigrts of I.endmr nnct Horrawer, su6ject to the provisipns of p�ragraph 9(b). Horrawer's cavanunts nnd a�reamenls shnll be ,�otnt and several. Any Borrower tivho r.n-signs this Sacurity lnstrument but does nat execute tha Note: (u) is co-signing this Seaurity inslrument nnly tn martg[�a, grant and cflnvey that Dorrnwor's intere�t in the Praperty under the terms of lhia Security Instrument; (b) is nol persanally oblisnted ia puy the sums secured by lhis Security Inslrumenk; and (c) agrees thttt Lender and �y other Barrower may agrea ta extend, modify, forbear or make any accommodatians with regard ta tF�e terms aFthis Security Instrument ar the Nate withoul lhat Borra�ver's consent 2070-76't6468 "1000497QQ017733512 f�/J 9964 InlNrl • •�_� VMP4-A�N�Nq �oao>>.o� r+�ose w e