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<br /> A (i)All or part of the Praperty,or a b�ncC�cial interest in a trust owning all or part of the Property,is sold or
<br /> ''""�' othrrwise transfened(other than by devisc or de.gcent),and
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<br /> (ii) 'Ihe Pcoperty is not occupied by the purchaser or grantea es his on c�r princiProvedjin naccordance
<br /> � purcheser or grnntee do�s so oceupy tho Prc�DertY but Diis or her credit hns not bcen app
<br /> with the requirements af the Scxretary. lt Lender to roquIre immediate PaYment in fuU,buc ':. ;,:`
<br /> (c) No WAiver. If circumstances occur�hat would petm� �;.;;;-
<br /> I.end�r do�not require such payanents.l.ender dces not w�ive its rights with resp�ct rA subsequ�t events. _
<br /> (d) Regulotbn�ot HUD S�rPiary. In many clrcumst�+ces reguledons issued by the Secretary will Wnit : ;`
<br /> ': '� Lenda's rig hSs,in tha case af p a ymeAt defeults.w requin;immediate paYment in fulk at.A foreclose if not paid S:�__
<br /> ns of the ��>>�,�-=
<br />.;:• ; This Security Inswment does not authorize ecceleraaa►or foreclosure if not permittRd by regulatio �T_�
<br />.�i;`;,� SOCrCt3[Y.
<br /> (e)Mortgage Plat Inaured.Bomnwer agcees that if ihi�Securlry Instrument and 1lic Note are not detertnined to {��:�_
<br /> � be eligible for ina�rance undr�r the Nation�l Housing d1�t�ulthin 60 daya from the due hacof.Lender may.at ;7�:ti.
<br /> �i. its option� require immedie:e PaYment in full of all sums secured by this Securlty Insuumen� A writien -
<br /> ' ,;=:�.
<br /> statement of any authar�zed agent of the Seaetary dsu�ed subsoquent w b0 daya from tt�e datz hereof�doclining _
<br /> to insure this Securiry Inst�umtat and tho Note. shall bo dtx,rr►ed conclusive pxoQf of such ineligtbWry. .::::�6=_
<br /> .'� Nmtwithst�nding the forego3�g, � optlon may not bo axercised by I.end�er wMn tha unavailability of
<br /> insurance ls solely due eo L.end�r's failure to remit a moetgage Insurance ixemiunu w rt+:Sec�i'. -_ -
<br /> �� 10.Rei�tatemes�Bcumwer�►�s a xight to be minstated if L.eader hav required invnediare;�syment in full pbecause _
<br /> • of Borrowa's fBilure to pay an amount due ut►de.t tho Nota or th�s becunry Ins�wncni.'i'itn�,.��.'�y.'"�,1...,.o:�.�._ --
<br />. :� forecbstue proceedin8s ara insdtutod.To rein�tato the Security Inswment,Borrowcr slwll t�ndcr in a lump sum al!
<br />: emount9 asquired to being isomowu�s Accowii ia�+aer,�inct•.�3usg, �:lx s.:t�n�rh�q are obl�rions of Bmsowcr undu
<br />-. �a, tbis Se�uraty Instrument, forocbsure costs and raasnnable and customaiy attomeys' fxa an Insnument and�thc
<br /> asaoc;aloQ wlth the foreclosum procoedlt►g• UFon reinstateme.�tt by Borrower. this Securlty
<br />-� . , �r obligedoas that tt secures shell remain in effijct as if Lender ha�Aut required immediate i*aYment in full.HowGVer,
<br /> LaKler is not requic�d t�pamit reinst,at�cment if: (i) L�endci das ecce�ted minst�tcment aftcr tha comm�.a�cerrunt of
<br /> Y.• .} _, . + fo�eclosure procadin8s within two yeace immediately precadin8 tlx; coa�'�eneement of a currnit foroclosore -
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<br /> , .... p�Qiag,(ii)ninstatement wlll preclucb farec{osum oa differa►t grounds in the futru�. vr(iii)reinsiu�sment wjll
<br /> ���' � �* {°'! advusely affoct tha prior[ty of tha li�en croatod by this Security Instrument ont or
<br />�-� ,..R:.. 11.Borro�ver Not ReieAeedi Forbearanoe By I.eader Not A Waiver. fixtensi�cu^�he time of PeYo'�
<br />-� ... aadif'�cation of amorti�tion of the sums exumd my this Socurity Instrument g�►ted by L�eader w a+�y sneces9oc in
<br /> "��., : . . �ncuest of Barowa sbnU not o�uace to rekase the lia'b�iry of tha oriBlnal Bocrower or Bmrowu's successor in intec�esi.
<br /> _,. _,�,..,
<br />=�-��'`^A� Lender shnp not be roQu�rod w commence Pmcealin8s eSa�ut anY successor in int�er�at ar nfose w extaxf tinw for
<br /> ,"'%"�`",':��, amorti�ation of ihe sucna secured�y this Socurtty Insm�ment by rea9oa of aay dr�r�and
<br />- ".�-���� P�Ym�nt a o�tnrwlse moditY
<br />� ., �� ma�fe by tlie ai8in�1 Baro:vu or BoROwer's si►cccasore in inurest.Any forbearance by Lt��du in exa+cisi�g eny right
<br />��=:�'`=.
<br /> :�:�.�:�,��.�+�� or ttmedY shall not ba a w�ivcx Gf a-p�luds ttts ef�*c±�t+of any dght or remedy. -_--
<br />� �.''=;�� 12.Suaesture wad Aasii�s Bouad;Joint and Se�eral Lisb'�lityi���a The cove�snt�and q�ts of °_
<br />-_— thLg Securiry L�suument shall bind end baxfit the succe.�ore aad agsi�a of Lendcr ant� Bcxrower. subjoct to tho _
<br /> ' �""�"���� provlsioos of paragraph 9@).Bomower's cove�nts end ag�ttaits st�all be,ioittt and�.vrtal.At�y Botrow���
<br /> ��..�r\ �4,.
<br /> -_:s��._ , casigns this Securlty Instivmeat 6ut daes not exocuto the Note: (a) is co-signing thi�St,curity Inswmen
<br /> --__.,-,�„ c n�o�tgage.S�ant and convey that Borrowar's intaest in the PcopatY unda't!►e tums of this Socuu�r�ity Iastrumet�t;@)�S
<br />_:...;a"T`°�' not personallY obllgetcd to paY tha sums sccural by this Socurlty Insuunun�aod(c)ogrxs thet Lenda wnd any oNxr
<br /> �y�.,s��,.r Ba�mwu may egx to exta�d�modifY�forbear a malce any eccommodetlona wit#�r�gard to�he wms of tht�Socuriry
<br />-==�L'°°���' ; Instrumeni or the Nota without tiwt Bocrower's consenc
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