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<br /> ,�;;�,;,;W� (I)All or part of thc Propert}+,or a bc.ne��[al intcrest in a trust owning sill or part of thc Propercy,ls sold or
<br /> •.�•�'� othcnvisc transfern:d(othcr than by devise or desccnt),and
<br /> ` ' (U) The Pro�erty is not occupied by d�e purcha:�er or grantee as his or her principal residence. or the ;
<br /> � purcl�aser or grantcc daes so occupy tha�ropec�y C�«¢fTia or her credit has not becn approved in eccordancc
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<br /> � with the requirements of the Secreiary.
<br /> ' (c) No Waiver. If circu►nstances occur diat woa4d�r.nsi¢in.�rdca�v recluuc immediste payment in fuU,but �'���
<br /> ' Lender does not requ�ra such payments,L.ender dc�s nac waive i�s c�ghts with resAect to subsequent events. �_,
<br /> (d) RegulaHone ot EIUIm Secret�ry. In niany circ�mstances reBulado�s issued by the Secretary wi11 11mit �_._
<br /> . Lender's ri�hts,In the case of payrnent defaults,ur ce��ir�e im�reediate PaYment in fuU and forecluse if not paid. __
<br /> ' � •• Tfiis Secu.r63y Insmunent does nat authorize acxeleradon or foreclosure if not permitted by eegulatlons of ihe
<br /> Secrctary. �
<br /> ' (e)Mortgage Not Iasured.Rorrower agreesi that i��'r:s 3ecuriry Inst�n►ent end the Note are noi detcrmined to l.,=
<br /> be eligible for insurancc under the Nadonal Hocc�i.^;11�t within 60 days from the date here.of,L,ender may.at
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<br />- . its option, require Immeci{ate payment ln full off nil sums secuced by this 5ecuriry InsuumenG A written �...
<br /> ` statement o2'nny auth�rized agent of the Secretary dated subsequent w 60 days froa►the cfate hereof,declining �
<br /> . 1� w insurG lhis Socuriry �cist�ument � the Nate, shaU be decme� canclusive pmof of sucl� i�eligibillty. _
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<br /> . � �.,,V° ' Notwithstanding the faregoing, this Q�ion may not be excrclsed by L,endcr when the unavailnbility of _
<br />- "i`:,, ,;;::.. insuranec is solely du�e to F�:nder's failure uo remit a mo:tgage tnsurance prcmium to the Secreteey.
<br /> °�'S'�"��•. 10.iteiastatement.Borrowez has a right to be reinstaud i�L.ender has rcquired immediate payment in full because
<br /> ,�L,: ':.:� of Sorrowcr's fallure to pay an ainount due under the Not�or this Sccuricy Inst�umen�This right applie.s even after
<br />:_a�s��...._T=• fvnxlosuee g:�cc�,clings are i.nsdte�ted. Ta reinstata tha Security Instrument, Dorrower shall tender in a lump sunn ell �
<br /> --°n " amoents required w bring Hoirower�s accouni cuc��,i i��c;u�atsg,i��ih�°.x�nt il+w;�Qbligarinna of Bnrrower under
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<br /> � {•�. �iis Security Instrument, foreclosuro costs and reasonabls and customaxy nuomeys' fas and expenses properly
<br />-'=�`�'�.��� th�s Security Inswment end ihe
<br /> "`"•��'``�` associated with the foreclosun pmceedinB• Upon reinsu►tement by Hozrawex,
<br />,��"f�:��,': oE�1lg�ns Ut$e it secwres shall rexnain in effcct es if Lender had not requiral immcdiate payment in full.However.
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<br /> - --�.f.:; IL�der is not roqw�ued W pe�mit ninstatemeat iC (i)I.enclu has eccePtecJ rcinstatement after tha commencement o
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<br /> _+s.,�;,� .. for.���sure Pmceedin8s within two years immediately preceding ttw commenceme,nt of a curcent for�losure
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<br /> �;,�.,�� p;ocoeding,(ii)reinstatemtnt will preclude fore;cbsiue on dffferent gcounds in the future,or (ui) roinsl�te�nent wUi
<br /> _ ,�..�.-.,�,� advusely effect the prioriry of ihe tien created by this Securiry InstrumenG
<br /> '-" 11, Borrower Not Released;Forbes►rana By I.ender Not a Waiver. Bxtcnsion of the tima af paYment or
<br /> modification of amortization of tho sums sec�red by this Security Instcument granted by Lendcr to enY succes.sor in
<br /> -- int�eress of Borrower shall not opei°ate W release the liab�ity of thc original Borrowcr er Harowcr's successor in interesL
<br /> _—_ ���h�(�ot b�req�ired to oaromence procoedings against any succes.sor in interest or refuse W eatend dme for
<br /> _�_ peymeru a otherwiso modify emorti�.adon of tha sums secured by this Socurity Instrument by rcason Qf enY deme�d
<br /> mado by thc orig[nal Borrowcr or Borcower's saccessors in iaicrast Any forbearancc by I.endcr in exercising eny righY
<br /> c+c remody shall not be a waiver of a prectudc the exercts�e of any s�ght oc cemedy.
<br /> 12.Succese�rs and Assi�os Bound.Joint And Several I.lalsility;C�oSigne��s.'il�e coveoants and agNements of
<br /> ---- this Securlry Instrumerit shall bizid and be,nefit the successors and assl8ns of Leadcr and Barowa. subjoct to the
<br /> _---�-;:,_� provisions of parsgraph 9(b).Borcowcr's covenaTtts and�secattats shAll ba joint aricl savecal.My Bocmwu who
<br /> - co-signs this Sacurlty Instrumer�t but does not eaecute the No:e: (a) is co-signing this 5ecurity Instnirt►e+►t only to
<br /> .-��'."— mort8a8a.Brant and convey d�et Bomower's intcrest in tttie PtopertY under the te,rms of thi.g Sth t�d end any o1h�s
<br /> --- not ptrsonally obligattd to Pay t1�sums secured by this Socurity Insuumez►t;and(c)agrees
<br /> " .�° - Bortonrer may agree to extsnd,modify,forbcar or malce any accornmadaGons with regard to the terms af th�s$ccarity
<br /> " Instrument or the Nota without that Boirowa's consent
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