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R�iJcikr. ar tFk <br /> purchascr o► Frar�tec ikk� �, �krup�• dw P�.�}xny� twt hic on c�� .rc.iit h,i� �k�t tk�.n ap�r���"1 in <br /> sk�vrd�ice w ith the requircme�ns of the S�xretu�•. <br /> (c)Ko 1�'ai��er. ii circanstanccs cxtiur tlW w•�wW pcntut l.cnder to n�yuirc inune�liatc payment in full,5u� <br /> Lender dces not n�quire such payn�ents,Le�xicr docs neu v►�ai�•e its rights w•ith re�pe�t to whccyuent eeent�. <br /> (dl Re�ulstioac oP HUO Socretar`. In many rircum.ua�ccs rcgul�ti�ut� i..�ucil b�• rfie Seca-t�.ry will iim�t <br /> Lender's rights. in ttk u.w of p.+yutiiu�kf;wits. to Rquirc i�ur�iiate pap�:•�r.!in full und forcrtosc iP��t _ <br /> paid. This Security Inunuiw.�t does�wt authorite x��elesatioi�or fw�eclasure iF iiot pernuttal by regulatiau <br /> of the Secrctary. <br /> (e)blort�G,\pt Iwsum�i.Borrawer�roe.c that if this Security i�uuvment�xf the Nute are nat detcrniinod <br /> to be eligible far insu�nce urnier the Natiiuial Hauing Act withio 60 days from the datr hert�of. L.ender <br /> may, at itc optio�. require imnx^diate paynxnt in full of all wms secural by this Security Instnunent. A <br /> written u.uen�e�u of any authorizeQ ugent of the Secretary dated wb.cequent to 60 cL•y�i'rom the�te her�of, <br /> declining co insurc this Security Ia,trument and the Ncue. shall be deemed conclusive pmaf af such <br /> inetigibility. Nwwithu�iding the foregoing, this option ntay not be excrcised by L.endcr whrn the <br /> . unavailability of incur,tnx is solely due to Lender's failure ta remit a moit��ge insuranue pr�nium w che <br /> Secretan•. _ <br /> 10. Reiust�meat. Borrow'er hzs a right to be rei��.stated if Lender has required immediaie paymeru in full <br /> because of BarcuY��r s faituc�to pay an ;unount due under thc Nae �x tAis Security lnstrument. 71�is right�►plics <br /> , even afkr forxlasure prix�eexiings a�+e institutod. To reinctate the Security Instrumeat.Borrov►er sl�ril tendcr ia a <br /> lump sum all amounts require�l ro bring Borrower's accauti cum.tu including, to the�atrnt they arc obligations of <br /> Bo�►v�tr under this Security Iu:tcument,foreclo.wre wsis�re�saiabk and customzr;'attomeys'fas�nd expenus <br /> Prc�perly a�.coeiatea with the foroelos�re proc�eding. Upai reinstateme�u by Borrower. this Seeurity it�.utument and <br /> � the obligatiau G�:tn it serures sha11 ren�ain in effect as if Ltixler hxi no: required irtunediate payment in full. <br /> Htitw�e�•er. Lender is not ra�nized u� permit rcinstatemecat if: (il Lcnder has accepted reinstatemetn after the <br /> { caqrmancement of foreclosure pmoadings within two yeaax iuu�nediately preceding the mma�encement of a eurrcnt <br /> i forc,rtosure pratioding. (ii) reinstateinent will preclude• fareclosure on diffc�cW,gmunds in the future. or (iii) <br /> [riastatemau wiU advef'SCiy atfoCi tile pTiarity of tite iirn cre�tod by ti�is�ri�y�Imirun�au. . . - --- - - - �- - <br /> � ll. Borr+uwer Not Rdeased; For6e�raaa By Ixuder Not A Waicer. Extea�sion of the tin�e of p�yrt�ean or <br /> � modification of amortizatioa af the sumc serured by this Security Instrument grante.i b;•l.ender ta any wccessor in <br /> r interest of Borrower shall not upente to ri:lease the liability of the original Borrowea�or Borrower's sacceswr in <br /> S intercst. Lender s1�11 not be na;,sy:red to cam�ence pra�eadings against any successor in inurest or refuse to extrnd • <br /> � <br /> time for payment or otherwise modify ama�ti:a:ion oF the sums securod b*this Sa�urity Ittictrumeat bv reason of any <br /> f ' demand made by the origin�l Borrower ar Ba�a�er s sutt�essors in i�stecesp.Any forbearanee by f.,ea�:e is�exercising <br /> " au}righc or remedy sh�ll not be a waiver of or�xectu.�St the exercisc of any right or reme�dy. ' <br /> l2. Suocessors aad AsFi�ns Bound:Joiot sad 5c�e4'a!L�abUity:Co-Signus. The coven�us and agcaern.�tsts <br /> ; of Wis Security in�trument st�all bind and benefit the suc�.^�sors�nd assigns of I.ender�nd Borrower, subjett ta tine <br /> provisions of p�r.�graph '9(b). Borrower's covenants and agraments shall be joint and sevor�l. Any Borrower who � <br /> oo-sign�this Sea::�ty Instturt�ent but does not exceuu the Note: (a) is��o-signing this Socurity instrumeni only to � <br /> i t►wrtgagr. grant�'r convey that Bortowtr's interest in the Property ur�r tF�e tem►s of this Security Inurwne�u:(b) <br /> ' is not peisonally obligatod to pay th..�aims securod by this Securiry Instcument: acr£fc)agrees that Lender and any <br /> ' other Bornower may agr�ee to�extend,modify, forbear or�n�3ce any accaiunod�tions witti regud to the ternis of this <br /> s Sxurity Insttument or tE�e Note without tLat Buit+owei s oo�iseot. <br /> ` <br /> i <br /> . ►.o.sa• <br /> ; <br /> ; . .r� <br /> ; <br />