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= 96- 10g407 li)AiI or Dart of�he Prapen_{ or a benefmizl �r�teres[in a tr�st owning aIl or pan of�Le Roper.ry, is soid or o�herwise v�uferted(other�han by dev"st o�d?scenry, xnd (ii) The Prop_rty is �o[ ocrnpied by �he pumhase� or gta�nee as his oc her pnncipal msidrnce, or tl:e � c�•cha.;er er graznx does so oceupy the Property but his o: her credit hss no[ been app!ovN ir. e.m�da�ce with tF.e rzquirtmcnts of the SecreYaev. (c) No LVxiver. If circumnarces cea�r�ha!wovld p^rr,ti[ Lenda-to mqvire immediatc�paymevt in full, but Lcad�r�ces not require mch paymeots, unda Aces not a�ai�e its ri¢h[s wi�h asp¢e[ro subsequent events. (d) Regu!efioas of HiIJ) 5mretar9. Iv maoy rircums[ances regvlatiovs issu� by �he Secretxry will limi! lend^r's ri�[s, in the caze of paymrni de(aul[s, io require immMia:e payment in Cuil and foreclose i(not ;aid. 7nis Secudty ir,swment does not authonu acceleratian m (orwiosuro if not penni[red by reg�IMions c��hc Secrc::;ry. (e)Mcetgnge Not➢nsu_.ed,garzower ag•ees that i(tis Securiry Insttvm_nt an0�he Nore are wt determi�ed n be e1:ciNe (o; inwrznce onLer the Naiiooal Flousing Att wiL`.in bJ Cxys from ;he Cah hereoi, isnde: mar, at ¢s optioo, requi:e immr.Aiate paymeo[in full of all sums secu�ed b}' chis Security InstmmenL A wmren sm�ement of any ao�LOrized e.eent of Nc Secretary dared subsequcnt m b0 day�;rom the dam he�eo(, d Im�nF ro insure ':vs Secunry lashumrn[ and !he Nore, shall bz deer.iai rq2iclusive proof of sucF inJig'7i�itq. tio:w;c�te�Cn� tF.e fereyoing, ihis ap;ion mar' vo[ be ue�cictN by L:nder when th< un. �7�bility of insurance i; wjely due ro Lender's failwe [o mavt a ¢wrtgage iaserance p¢mi�m m It:e $cac��..�. 70 heir,sta�cmervL Eortour. has a righ� ro be r•.,zstatM if Lender iu rryuiied immediate payment in fvll because of Bonowei s failvre �o pay an amount due onaer[iie Noie o. !his Secun.p' IvslmsevL 7Tis righ[ applies evev ahec foreclesure pcoceeding, a�e iostimt�. To minsta[e ikc "�-ririry instrumav;, Borro�ver aha7l rende� in a Iump sum alI ;,r�oun[s�eqnired ro bring Borzowei s eccoun[ curren[ ir.�ludiog, ro the exrevt[hey�are obliga[ious of 8orrower under this Securily hutv�cent, fo�xlosuce ws[s ane reasoaable and cusromary anomeys' fxs evd ezprnsu pmpe�iy is:aCZred with thc (oreclomm proceediag, Opo¢reins[alemrnt by 3ortower !his Securily Inswmeat and Il;e oSliga:ions �hat �t tecuas afiall remain in eflm[ z if Levder had no[ reauired fma,e4iate paymrnt in [ull. Howevec, i.ender �s ¢o[ requitci to pemiit r_iacmumrn[ !E (il Lender has xcep�eC rtm�':+'�m_n[ a5e[ the convr,e�cement of fere:!osure proceeAings within�wo years imm�iarely preceding the<ommer�cement o(a cumnt tDreclosare pro:cedi�g, (ii) reinstatement will preclude foreclomrr on difRmrt grounds in ihe (ums, or (iii) reirs[atemen;will adversely affect:M1e prior�ty o;me lirn crealed by this Secur.ty lnsm�mrn�. II. Rorrower Nct Released; Forbea,rence By Lender Not n Wai.er. Eztension e( ihe �ime of paymen[ er modificatimi of amortira[ion of the sums smured by this Security insln�mer.t granmd by 4nder to any suttessor i� inmra[ of Aarrowv shal[ r.ot opera[e to releaze �he liability of tne originai Bortower or Bonowcr's successor in m!aresL Lender shali not oe requirW to commevice pmcecyings against any successor iv iNeres� or rePoSe m ezlend iime (or pu�,mem or othernise modify amoniration of Ne sums secuttd by U�is Security Ims[mmem by reazen of any demanL made by the origieal Borrower or Holrower's successors in inarest. qny forbearance by L..^nder in exercising any�i6h[or remedy shxii not be a waiver of or prmlude�Ae exemis<of any nght o:remedy. l2. Snccezsors end Acsigns Bound;Soint and Several L(abi!ity; Co-Signers. The covenan6 and agrecments of tAis Sccuri!y instmment shzl bind and benefit tht successors ard ass�Rns of Lender and Rorzower, subject to ihe provisions ot pzragraph 9@). Borrower's wvq:anLV ynd agrttmenls sh;.; be joint and several. Any Bortower who w-signs �h�s Secur.ty Inshumen[ Fut dces not exewte the Note: (a) is co s�gni•g [4is iecerity Insvumen[ oNy to mongaee, gram and convey fha[Bortower's inte�es[in the Propem uMe�the terms of this Sccuri;y Inswmenp (b) is rot pervonally o5liezhd to pzy the su:ns secuad by tbis Swurity Inst[umrnp and (c) agrees tha[ Lender and :uiv uther Bor��er may agree lo extend, modify, forbear or make any accowr,odclions with regard to Ne rormv of Nis S°curiC; I�stm;nent or the.�'o[c without that Bovower's consent. �AR(NEIi3ewi ,ese�e im�.�.'✓ �� .1 � �/�/ J .,.,:,,,,',.