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<br /> -n--�--��� refertal tc► in puragraph 2, ur chu�gc the i+nxwnt af such pavments. Any exccs.r pr�Kealy ovcr un urn�wnt requirod to pay ull
<br /> _�_,� autstanding indebtedn�esc under iho Nnte wid thic Sccu�fty InstNmem,dwll be p�id ta Ihe entity IeYally enliUed ihc�tu.
<br /> ��, a. Fee�.l.eaier may rnllect feea and charQes authorized by the Sec►etury.
<br /> �, �,
<br /> �g;' ' � �� 9.Cwu�for Ac�celeratlon ot Dtbt.
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<br /> ,'���'�• ` (v) Defi�ult. l.ender may, c�cept as limited by regulutinns issued by the Sccretury in the cu�e uf payment defaults, __
<br /> 'i ;�,. require immediate payment in full uf�11 wums re�ured by thi�+Securfiy Imtn�mcm if: �
<br /> � �`•�� ' (i)Borruwer defaults by failing lo pay in full uny mnnthly payment rcquirat by thix Security InstNmcnt prior w or
<br /> �' . ;,R
<br /> t�d•-+����= -�.•, an the due date ui the next manthly puynKnt,ur --
<br /> ��,-,�';,� , :' (ii) &►rrower defaulte by fa�linY. for u peri�xl of thiny dayr. ta perform uny alher abligatians rnnwined in this
<br /> �.._�cv,.:, Security In�trument.
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<br /> _g«:��,�r,d'[„_,,., (b)Sole Without Credll Approvs�l. I.ender shall, if permitted by Applicublc law and with the priar upprovul af the
<br /> �, ;^,�i '` ,- Secretury,require immediale puyment in full af ull sums secured by this Security Imtrument if: —__
<br /> �:�"•���.�-Ar•rz4•� • (i) All or part of the Properly, or a beneficial interect in u ttust owning ull or pan ��f the Propeny, is sold or
<br /> � �^�"`"`'�;"�-•�' " otherwise transfemed(othe�thnn by devise ar deticenq by the&►rrower,und —
<br /> °n�!,;,;�k�'"`�:� (ii) The Propeny is nat occupied by the purchucer or grontee a.s hi� or her principal residcnce, or the �__
<br /> `�r�'. i..
<br /> — M�r�7 � purchaser or gramee does so occupy thn Praperty but his or her credit has not been appravecl in accordence wl�h the
<br /> __- _:6�`��`, " requirements nf the Sccrctary. —
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<br /> �w.�i a_inE3�.�!nY��il�s4L_ �••�
<br /> ,� ' v (c)No Woiver. If circumctances a:sur thnt would pertnit l.enJer to require immedia�e puyment in full,but L.ender does
<br /> '*� .. �«,_„� not require such paymen�c.l.ender dces nat weive its rights with respect to subsequent eveMs. ��.
<br /> .:n���: ' '`:; :'•t ---.�
<br /> �;��, ' (d) ReguletMns ot HUQ Secretary. In muny circumtitunces regulu�ionti issued by the Sccretnry will limit l.endcr's �a"�
<br /> ;, ,� -�-"f rights in the case of payment defuuUs to require immedinte payment in full und foreclose iP nnt paid. This Security ��= -
<br /> ;-VF�° : �f.' '.. �� ;� Instrument dces not authoriu accelerution or fareclosure if nd permitted by regulations af the Secretary. �_
<br /> �+;�.� � � � • (e)Martgage Not Insured.Borrower agrces that should this Security Instrumcnt und thc Note xccured thereby not be �z__
<br /> �<;�, eligible for insurnnce under the Nutionul Housing Act within 60 days from the dale hcrcof, Leixier may,ut its aption _
<br /> '''"�'�"' �"`"'`'�''�" ar�d natuithstandin^an thfn� in ara ra h Q, rP ����immediate vment in tull of all sums cecured by this Securfty
<br /> , , -.?.,, e' Y o F S P 9 !�.
<br /> � Instrument. A written slatement uf uny uutho�ized ugent of the Secretury duted subsequent to 60 dnys from the date _
<br /> " �'. , hercof,declining to insurc�his Sccurity Instrumcnt and the Note serured thereby, shull be dcemeJ conrluxive pra�t of ='
<br /> �+, ' • , such ineligibility. NotwithstandinF the tirregning, this option muy ndt tx:exerci�:d by I.ender when the unavailal►ility
<br /> '1'` � o ' of inrurunce is tiolely due ta l.ender's failure to�emit u mongage incurnnce premium to the Secretary. �
<br /> . . �:°
<br /> 10. Reinstatement. Borrowcr has u right tn bc rcinsta�cd if l.cixicr hus rcyuired immediute payment in full tKCUUSe of �
<br /> . ' . Borrower's failure to puy un umcwnt Juc under the Notc or �his Sccuriry Instrumcnt. This ri�ht opplics evcn ufter foreclosure —'°
<br />.' �,. � � procecdings are intitiwted. To rcins�utc thc Seruriry Instniment, Borrowcr shull tendrr in a lump tium ull umounts required to ����
<br /> � 't� bring Borrower's urcoum current including, to thc extent thcy vrc uhligation+ of Borrower u�der this Security Instrument, �-'
<br /> - , '���� � � foreclusure custs und rensonablc unJ cuslomury attnrneys' 1'�c� und expenscr pr��perly us�ciAted with thc foreclosure ri;;
<br /> • „ prcxeeding. Upon rcinztatement by &�rrower,thi,Sccurity Intitrumrn�anJ thc a6ligutiuns Ihut it ucures shnll remain in effeci
<br /> •��'~ ``' as if Lender had not required imm�Kliute puyment in full. Huwcvcr. L.endcr is not rcyuired to permit rcinstutement if: (i) l.enJer ��'`
<br /> ..�..,.
<br /> � ' .. .. •;�•';;,: Nns uccepted reinstutement after the r��mmencemen� of foroclusure pr�xeeJing. within twa yeun immediaiely preceding the �r`.�
<br /> ' . ' '���� commencement of u current ti,rcrlo�ure puxeeJing. (ii) rcinstutement will precluJe f��r�rb�sure on different grounds in the �
<br /> �:.:--
<br /> . future,or liiil rcins�rtement will udversely affect thc prioriry of thc lien rrcutcd hy thix Security Instrument. 6?"�'
<br /> • ' I 1.Borrower Not Released; Forbe�nince B�• I.ender Not a�Yaiver.Extemiun of thc time af payment nr maiifiratian of �-�'
<br /> �� •. umurtiluti<m of the tiums�ecurcJ by this Sccurity In,trumrrn�runted hy l.cndcr tu any.ur�c�wr in intcreti��if&irrawcr shall �%T
<br /> . , . not operate to releuse the liahiliry of tFx originul Borrowcr or B�irrowcr's+urcr+wr in intcre�t. Lcndcr�hull not he required ta
<br /> ' commence pnxcedingx uguinst any tiurcestior in intcrcst or rct'u.r to ex�cnJ tiroc t'ur paymrm ur�nhcrwisc modify umortiaatiun
<br /> ° af the sums sccured by this Scruriry Instrunwnt N}• reau�n ��f un�• dcmund mrJe by thc uriginul Burri�wer ur &►rruwcr'�
<br /> •�•.; succcxsnrs in intcresl. Any furtkurunrc by Lcndcr in exerci+ing any ri�h��►r rrnkdy +hull ncu lx u waivcr of or prcclude the
<br /> „ . . exrrciae M'uny ri�ht��r remcJy. �
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