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<br /> (i)All or part oi tho Property.or e txnei'icial interest in e truse owning nli or part of thc Prop�rty,ie
<br /> �� � sold or otherwise tranetorced(other then by devise or descent),and .
<br /> (ii)Tha Property ie not occupied by tha purchaser or grantee n�hia or her principal residence�or tha
<br /> ��""'"� purchaser or geantes does so occupy tho Property but hia or hor credit has nat beon approved in
<br /> '"�'�*'` uccc�rdc�nce rrith the requiromente ai the Secretery.
<br /> (c� No W�iver.If circumetances occur that would permit I.ender to require immediate payment in
<br /> " full, but I.endar docs nat require eu�l�paymenta, I..ender does not wnive ita ri�hta with respect ta _
<br /> subsequsnt avente.
<br /> ° (d)Regul�tione ot HUD SecroEasy. in sr,i.aap ce�vmsYances r:�;,�vlatione issued by the Secretary wilt ,�
<br /> limit I.ender's rlghts. in the cese oQ payrmcn� avf�u!ts, to r.n�v�re immediate payment in full and �,:�
<br /> � ffcrreclose it not paid. °II'his Security Inatrumen�d�+���ot authvriza as�ceCc�s:i.on ar foreclosure if not __
<br /> rrmittedby regulatiorisoithaSecretety, .��=
<br /> . � ' � �e) Mors�e�e Not IneuRed.Borrower agrees that iP this Securlty Inatrume�8 and the Note ara not ��._
<br /> dotenn;ned 2•�be eligible tor insurance under the Natianal Housing Act within 6�dn��a�r;�z�i the date �i.;f�
<br /> � ' hereoi, Lender may, at ite option,r:.quir�immediate payment in fult of ull sums �c�;s�'ed l�Y ttue �r::�,---
<br /> ' Secudty Instrument.A written statement of aa�y aaatfiorized agent of 4he Secretary dated eti��eclue�it to ;;;,:`_
<br /> , �, �i0 deys frann the date hereot, decli�ning to ia�sure this Securlty Inetrument and the Note, shall b� =}_ti
<br /> ' deeme� r,onolusive proaf of euch inr?lagib:i�ity.Not�4 i tt�staading the foregoing,thie option may not ba �`.,_.;:_
<br /> " ' axercised by ;Lender when the unavn'�]nbi��ty of insurance ia solely due to L.ender's failure te, �emit m �
<br /> • �� mortgaga insurance premium to tha Secretery. �-,�-
<br /> � � 10.Roiastatament. Bonower has a right to be reinetated it Lender hafl required immediate payment in _
<br /> ° �-{ . 4uli h�cevse of Borr.sKer�s tailure to pay an arnaunt due under tha Nota or this S�curity Inatrument.Thie rlght �
<br /> . ... applie�s even aftsr forecloaure proceedinge a t e i n s t i t u t e d.T o r e i n s t a t e t h a 5 e curit y Instrument,Bu�rower shall �.,,_
<br /> tendar in a lump surn ell amounte required to bring Bonower's account cunent including,to tha oxtent they
<br /> are obligations of Florrower under this Security Instrument,foreclosure costs and reasonabc�a�u �nt by ;;�.=
<br /> ° ��=�r:= ' ; Rttornoye ia�s nad �sF�%•.� PlflF=r�9 "—�'eud with the foreclosure proceeding. Upo __
<br /> � Aarrc�wer,this Secwrity Inatr�mmt end the obligatione that it secures shall remain in etiect ea ii Landcr«n� _
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<br /> _ .�,••� • not r�squired inxmez'fiete peyment in fult.EIowever, Lander is not required t:o permit reinstatement it: (i)
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<br /> _ �:; •�. . . L,ender has acc�pted reinstatement after the cornm�noamont of foreclosure procer.�i}Te instatement wi1!
<br /> '.~--��??+� immedietely pxe�cding the commencement of a currant toreclosure proceeding,
<br /> --��-= ,� rxlude forecloaure oa ditferent grounds in the futuro,or(iii) reinstatemant will advorsely affect th�priority
<br /> =���.�'--�__�a`�! of the linn created by this Sxuiyty Instrument. e B �nder Not � Waivor. Extension of �he time of
<br />--.;�_�:� 11. Bonoeor Not Releis�d; �orbaaanc y _
<br /> °-'�.3F�,� payment or moditicetion of amortiution of the sums r,ecured by this Security Inatrument granted by Lender
<br />�%�'-`����� ; to any successor in inter�t of Borrower ehall not operau ta release the lielsitity of the original Borrower or
<br />—����l;;'- Borcower'a euccessor in interest.Lender shall not be required to commence Prceaxiings against eny successor
<br /> in interest or reftue to extond timc�or pay�ent or otherwise modify amortization of the suma secured by this
<br /> ' � Securlty Inetrument by reasnn of any demsad snede by the origtnal Bonower or Borrower's auccessots ia _
<br /> ---=-n;��,; inurest.AnY forbzarence by Lander in exercising eny right or remedy shall not bo a weiver of or pteeludo the
<br /> _.__----_= � exercise of nny ri8ht or remedy.
<br /> --_°,�� '' 12. 5uccessora and d►,s9isna Bound:Joint aad Sovor�l Liability;CaSignora.Tha cavenante and
<br /> ____.F��:,�,�, agceements of this Socuri�� '�tsument ehdl bind and benefit tha euccessoce and assigne op 1.end°r and
<br /> _-"''`�� . Borrower.subject ta tha prove�ions oi paragr�ph 9(b).Borrower's covenants and agreaments shall be joint and
<br /> = -_= eoveral.,�ny Borrower who co'signa thie Sec nt��ey that Borrower's interest i�n the ProBpert cundor the
<br /> � thie Sccurity Inatrumont nnly to mortgage,gra
<br /> -° urme oi tius Security Inatrument;(l�) is not psrsonelly obligated to PaY to extend,mod f�y,[orbear o�r make
<br /> �-_.� •� Inetrumos►t;and(c)egrc�that Lender nnd any other Borrower may ngree _
<br /> -a.�.��-�:.� any accommociations with regacd to tho terrne oi thie Security Instrument or the Note without that Soaowor's
<br /> - -_=__=� conssnt. vece by
<br /> _`=-`�'!'�'�-��"� 13. Notices. Any notice to Borcower l�ro���1�d for in thie Security Instrument ehall be gi
<br /> T-�'°'���� d�livering it or by mailing it by first clas5 mc;il unless applicablo law require3 use of another method.Tha
<br /> �"�'r notico ehall be directed to the Propacty Address or any other nddress Bomower designates by notico to Lender. �
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