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201009472 (i) All ar part of che Frpperty, or a bex�eficial interest in a trust owning all or part of the ProperCy, is sold or qtherwise transFerred (othec than by devi.se or deec.ent?, and (ii) The Property is npt accup�ied by the purchaser or grantee as his or her prin�cipaE residence, or the purchase�� or g�antee does sa occupy the �'roperty but his or her credit has not heen approved in accardan.ce witl� the requirements of the Secretary. (c) No Waiver. If circu�cnstanves occur thac would permit C.ender to require imrr�ecliate paym�en.t in full, but L,ender does not require such pAyments, Lender dp�s not waive its r�ghts with respc�t tn suUseyuent everits. (d) Regulai�ons aP H(JD Sccrctary. In many circumsta�ces regulaCions issued by the Secretary will limit L,e�der's rights, in the case of pay�rit defaultx, w require immediate paymvnC in full and ipreclose if not paid. This Security Instrurnent does n4t authprize acCel�ration or forcclosure if nnt permitted by regulatians of the Sacretary. (e) Martgage Not Yt�sured Borrower agrees that if this Security ]n.strument and the Note are nvt deterzxunc;�! to be eligible tor insurance und� the National Housing Act within 60 days frocn tha date hereof, L�der may, at its vption, require immediat� pa.yment i�n full of all sums secured by this Sc�urity Instrument_ A w�ritcen staUemer►t �f �ny authorixed age�nt vf che S�cr�tary daterl subsequent to b0 days from the dute h�reot, declinin,g to insure this 5ecurity lnstrument and the [Yote, shall be deem�ed conclusive proof oF sucta ineligibil.ity. P�[otwithstanding the focegving, this opt�ian may not be exercised by Lendec when the unavaitabiEity pf insuranCe is so181y due to L,ender's failure Co reanit a mortgage insuranc:e prernium to the secretary. �.0. Rei�tatemcnt. Borrower has a right to be reinstat�ed if Lender h8s reyuired immediate p�yrr�nt in full beca�se of Bor.rower's failure to pay an amount due under the Note or this Security Instrument. This right applies even after foreclosure prvccedings are instituted. '�o reinstate the Secu�•ity Instruxnent, �orrowv�• shall Gender in a l�amp sum a]1 amvUnts requir�l ta bring Borrawer's account current including, to khe extent chey are oUligati,ons of Borrowc�r under thia Security InsCrumer�t, foreclosure aosts and reasonable and customary al:tvrn�ys' fF:es and expanses properly associated with i:he foreclosure procee�it�.g. Upon ceit7stateme�nt by �rrOwer, this Security lnstrument and tlae obligations that it secures sha11 remain in effect as if I.�.der had n.ot ret�uir�d i�iate payment in ful[. H�wevc;r, L.ender i� not required to permit reinstatennent if; (i) L�nder has accepted reinstatement after the commenoemont of foreclosure proceedings within two years immediately pc�;edic�g the commencenaent ot a carrer�t foraclosure proce�daz�, (ii) reinstater�nC will preclude foreclvsure on different grour�ls in ihe futw�e, or (iii) reinstaternent will ad�ersely affect the priority of the Iien creaGea by this Securiry InstrUmea�t. 11. Borrawer Not Relcased; Forbearunce By Lendcr Not a W�iver. ExCension af Che time of payrnent ar modification of amortization of the sums secured by this Se�urity Instxument gxanted by I,,ender to any successor in interest vf �orrower sl�all not operate� to release the liability of the original Barrower ar Borrower's successor in interest. Lander sha11 nvt be required tq Co�ce proc�etlings againsC any successor in inCexCSG or refuse W exCend time for pay:nent qr atherwise modify amortixatian of che sums secured by th'rs Security )nstrvm�e�t by reason of any dernand made by the original Borrowar or Bprrpwer' 8 succesSors in interest. Any torbearance by Lender in excrcising any right or rsxnedy shatt not be a waiver af or pxeclud� the exercise of any right or remedy. 12. Succ�essors and Assigns Bvund; Jofnt snd Several L,[abilfty; Ca-Sfgners. The covenant� and agreements oF this Se,curity Instrumc�nt shalE bind and ben�fit the succ�essors and assigns of Lender and Borrower, subja;c to t6e provisions of paragraph 9(ii). Borrower's covennants and agre�n,ents shatl be joint and severa�. Any Horrower who co-signs this Security Tnsf��ument but dves not execute the Note: (aJ is co-signing this Security Instrument only to imoctgage, grant ancl oonvey that Borrower's interest in the Prapercy under the terms pf this Security Tnstrument; (b) is not persanally obligated tq pay the sums secc�red by this Securily lns�rume�c, and (c) agrees that L.endar and any othec Horrower may agree ta extend, modify, forbear or mak� any accommodaCRons with regard ta the term.s of this Security instrument vr the Nal� without thae Borrowar's cons�nt. B800B80b8� {� j �,80U8H0084 Inpt�; �� VMP�-4N(NFa �o�or�.o9 Pepe 6 of 8