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<br /> (i)All or part of the Proper�,y,or a beneftclal interest in a trust owning nll or pan of tho Lpropr.ny,is sold •
<br /> ���r�re� or oth.erwise traicsferred(other than by devise or desant),anA , ,
<br /> (i!) The Progsny ia not or,�upicd by the purchaser or grantee as hia or her princigal reaidencc, or thc
<br /> purchaser or grantee dona so occupy the Property but hie or her credit has nat been approvcd in : ;
<br /> accordance with the requiremr.ate of the Secretary. ' ���
<br /> (c)No�'Yafvcr.If circnmstances occur that would permit I.ender to requin imm�diat�paymcnt in thll,but t �.•
<br /> � � ` I.ender does aot requlre such paymente,Lender docs not waive iss dghte with reapcc:t to subsequcnt events. �'."�`_
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<br /> ;s��,..:��.; (d�Regulatlons of FiUD Secretary.In many circumstances reguladona issued by the Secntary will llmit
<br /> ---�����.:;:� Lender's dghts.in the case of paymcnt defaults, to require immediato payment in full and foreclose if nat �-'
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<br /> ::r--• . . paid.'i`his Security Instrwnenc does uot authoriza wcceleration or foreclosur�if not perxniaed by regulations *_-�-
<br />_=:::��,;ii� ' Of LhE SeCtetazy. �",-
<br /> `�•�'� (e)Mortgage Not Iasured.Bosrow�r agrees that if this Security Instrument and tha Note are not detcrmined --
<br /> _��?_�.��� to be cligible for insurance under die National Honaiag Act within 60 duys from the date 6creof, L.CII(IE1' �,_;
<br /> ••- � � may, at its option, requirc immctliate payment in full of all sums secured by this Security Insuurutint. A -,::
<br /> - writtea statement of any authorized agent of the Secretary dntetl subsequent ta 60 daya from the date herec+f, �•,:`-
<br />--=~-=4"'.�'� declining to insure th�s Sceurlry Instrument wd the Note, sh�ll be deemed conclusive proaf of sur�
<br /> ���':"�°r-� ineligibility. Nornitbatanding the foiegoing. this option may not be eaercisod by Lender whzn tbz
<br /> }=�=-�'� unavailabtliry af insurance Is solely due to Lender's fnUnre to remit a mortgugo inaurance premitun to tha
<br /> _`�'-,T�'��' Secretary.
<br /> `y``����F� 10. Relnstatement. Boirowor has a r3ght to be reinstated if Lender has requi�td immediate payment in gul!
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<br /> -__�=�i�� ox�use of Borrowcr's �+Stae�ta�ay r.a:.�avns dus�dtr the?`?et�er rt�ia Security Insuvment.This ti![kt aPP es
<br /> - - "^��,'y� eten after foreclosure proceedings ere instituted• To reinstau the Securlty Instrument,Borrower shall tender ln a
<br /> - -=`��?�;%;� lump sum all amounta nquired to bring Borrower's account current includuiB,to the extsnt thay are obligat'sons of
<br />—°..����� Boaower und�r this Secur[ty Insmuneat,farxlosure wsts and reasonnble and customury attomcya' fees end eapenses
<br /> II---^s properly associated with tha forcclosure proceoding. Upon reinatatemant by Bortowor,thia Securtty lnstrument end
<br /> �"� the obligations that it socuna shall remain {n effect as if Lender had uot requi�ed tm�mediate payment in ft�.11.
<br /> However. Lender is not required to permit eetnatatement if: (i) Leader has aocepted neinstatemant after d�e
<br /> ---- cammenr,ement of foreclosure procealiags within two years immediately preoed'wg tho comrn�eneement of e current
<br /> -- fore�lotiure pracea�ing, (ii) reinstatemenc will preclude fareclosure oa ditfarent gmunde ui tice fttture, or (�iq _
<br /> — reinstetement will dvereely affoct the prloriry of the liea created by this Sxuriry Instr�amont.
<br /> ---� 11. Aorrowex Not Rdeassd; Forbes�rnnce By I.eader Not a'V6►atver. Eatcaaiaa of tho ttaio of payment or
<br /> modifleation of aAnortiutlon of the eumg secumd by this Security Ine�ument gcanted by Leader to any succassor ire
<br /> --- interest of Bonower sbnll not operate to reloos�tho liabiliry of tha oraginnl Borrowcr or Borrower's successor in
<br /> �. inurest. Lender shall nat be nquired to commoncc procealinBn agaittnt any sucoeasor in intarest oz cefuse to extsnd
<br /> tiuu�e for payment or othcrwise modify am�rtizatioa of cha sumu accured by thin Security Inctnuveat by ronsoa of auy
<br /> demand made by the origiaal Borro�ver or Boaower's succcssors ia iatcreat.Any fntbciaraaco by Lendet ln exercisir�
<br /> any right or cemedy shall aot be a waiver of or precluda the exercise of any right Ar remedy.
<br /> - --- 1Z. Succ�sots aud Assigns Bound;Joint an�l Scveral Ltabfli�ty; CaSig�ccrs. Tha covcnanta and agruma:ts
<br /> — og this Security instrument shall bind ancd benefit the auccessore and assigna oB�Lr.nder aad�rrovmc,sub;act to the
<br /> provieions of paragraph 9tb). ��wer's covenants and agraraents shali ba jo:nc und sevcral.Any�orrowc.�who
<br /> — ; �o.sign,g tmie Security Instxument but does not execute the Note: (a) is w-signing th:s�.."ity�uutt�ant only to
<br /> mortgege,gcant smd convey that Borrower's inurest in thc Property under thc urmu of ti�a S�uiity ln�uum:7u� N)
<br /> � � is not persona'lly obligated to pay the sums secured by thia Securlry Instru¢LCnt; and (c) agrees that I.�ndar und any
<br /> other Bonower may agree to eatend, modliy, forbear or u�ako any aecommodations with ngard to the ternus of thi�
<br />— ---— � Securlty Insm�ment or thc Note without that Boaowes's consent.
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