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<br /> ��.•w•�� (i)All or pa»of the Property,or a bcncCci.til intcrest in a wst owning nll or part of d�e Propeny.is sold or
<br /> othenvisc trurtsferred(oU�er thnn by dcvise ar dESCCnt),and •
<br /> (�g Tha property is not accupied by the pur�haser or grantee as his or her principal residence, or the : . . �
<br /> purchaser or grnntee daes so occupy the I'roperty 6��t his or her credit Itos not been approved in accordance , �,,_��
<br /> with the rcyuimancnta of thc Sxrctery. °°�'°'u�,�:
<br /> (c) No Waiver.If circumstances occur that wa�1d permit I.ender w require immediase payment in fuU, but , _.:_,f_:
<br /> Lender doca not require such payments,Lcnder does not wuive iu�rights with respect w subsequent cvents. �«�--
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<br /> (cq Regul�tbns ot HUD Secretary. In many circumstnnces re8ulations issued by the Secretacy will lirnit �.�_
<br /> Lender's rights,In tho case of paym�nt defaults.to requlre immedlata payment in full and foreclose if nat�raid. _°
<br /> 'Ih;s gecurity Instrumant Aoes not authoriras ucceleraqon or foreclosure if not permiMed by regulaaona of the ,:,;:_.L_e,.
<br /> � Ser!et�ry.
<br /> � �;: +-, -
<br /> � . .�� (e)Mortgage Not Iasured.Bolrower agreis Iha,t if th�s Security Instrument end tha�tot�ene not detrxcau�e�to 't ; -_
<br /> •��';' be sligible for insurance under the National Housi�g Act wldiin 60 ctays from the d,at�hereof.Lender may,at ;�1.,',.',;_i�f��'_,r
<br /> ' its opbon,requlre immediace payment in full of aU sums sect�ed by ihis Security Instnuner�G A wrauen , _::
<br /> statement of any authori�.ed agent uf the Sccrctary dated subscquent tm�l days from the datc hercof.declining ____��_
<br /> to in�ure this Security Instrument and the Nose. shall txs deemed conclusive proof of such incligibiliry. .�,:'_
<br /> Notwithsta�►ding the fnreBoinB� this option may not iee caercised by Leader when the �availabllity of ��a�_
<br /> - i�surr�nc�is s�lely dLe to[ender's failure w cemit a mortl��a i�surance premium to the Secret�ry. -
<br /> 1�.RelnstQtement.Bocrower has a right to bc rev�stated if I.�ndec has rcguired irt�mediate paYm�nt in full bccau�e =-�-
<br /> of Borrowcr's frWure to pay an amounc due undEr tha Note or this Security Instnunen�This dBht applies�ven�afta _-
<br /> � f�:�,�,�����In�s ere insda►ted. To rcinsti�l�a�ea Socurlty Iastrusnent,Borrower stuill tc,�der in a lump sum eU
<br /> _:. .�.,.,
<br /> ' ,: ;, amounts required w bring Borrower's accouat current includinB.to the exteni they era obligations of Borrc�wu un8a —
<br />�.'�°' ;,>:: this Se,ct�rity Insuument, foreclkn��nrw wsts end reasonable and �astomary aMomuys' fees and expenses properlY
<br /> ;•r�.•�;•.�;� associ�tec� with U�e foreclosu�u p�n�m.�4dinS• Upon reinstattement by Bonawer, this S�curity Instrument and the
<br /> -�a°"`!�•�F:; mbL'gations that ie s�.r.�i7s�s shall remain in effect es if Lendcl tisd not required 'ammediata payn►ent in full. Howevu. —
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<br /> -� .`.� Lcnder lv not requirr�Gl aD pemdt reinstatcment if: (e) Lcnder h�s xceptecl rai�statcment aRer the commeaiccment of ..,:::,
<br /> :.�•:•s,;
<br />�,_..,, ., the comr�cncement of a curreat forocbsure S,-:'
<br /> =.��J.� fortcSn�ura gcocd�dings within two years �nmediatelY precedia�8
<br />--1�:��'�, proceec�ing, (ii) reinstatement wiU preciuda forecbsure on differeat grounds in the future.or (iii)reinstatement wil! _.�
<br /> =a-:�L sdveisely affect the priority of the lien cm,�tcd by this Security Instrument.
<br /> -� ;� 11.Borrower Not dtekased; Forbearance By I.ender Not a Wpiver. �xtcnsion of Ihe time of�ayment or
<br /> �.,�
<br /> -::��''�,� modi[icarion of amorti��tio�t of the sums securod by this Securtty Instcvmen2�ranuxl by Lender W any s�ccessor iu �:,'
<br /> �_�
<br /> -��� int,enst of Bo[rowa shall not operate to�elease t!►a linbiljry of the original Bors�wer or Bocmwer's successoT:in intenst. �
<br />-r:�v;.�;.,;� I�eocler sltiall not ba n�uiced to cummence proco�ngs againu eny successor in int�es�est or�fuse to extead lime for --
<br /> --,a���� payment or otherwlse mos�fY emor�adon of the sums secured by this Securiry Ias�ment`by reason of aay demand =-
<br /> made by thc original Barowu or Borrower's successora in intaest,4i►y forbearancc by I.ender in eaercising any right
<br /> -.-��`-�-- or remedy shall not be a waivu of or preclude thc cxer�cise df any right or renae�ly. �F'
<br /> � 12.Succes�ore and Assi�Boued;Jofnt nnd Several Liabflity;Cco-�i�nere.'Il�e covenants and eSc�eemsnts of R;;•_
<br /> ����� �
<br /> .._;�� this Security Instmment shall bind �nd benefit the successors�and�tssiS�ns of Lender and Batrower, subject to the `
<br />-_i;,;F�y� �rovisions of paragraph 9(b). Boreowe�'s covenants and agieements shsaU be joint and sevcral. My Borrowcx who
<br /> ` _ -- co.s�gns this Secudt3r Inswment but does not execute the AIU2,.: (u) is co-signing th�s Sec�uicy Insuuma�t only to
<br /> _,,,�,,�,,� mortgage.@ant and convey ths►t Boirower's intcrest in the Propercy undar ihe te.�ms of this SecuritY Instrument;Cb)is �-:
<br /> -�T�*�;,� not personallY obUBated to PaY the sums socurefl�by Ihjs Secority Insuument;and(c)agrees lhat Lender nnd any olher _
<br /> �-"�;!r?':� Bortuwer may agnc to extend,modify,fortxar ar make any aceommadations with regard to the terms of this Secucity --
<br />:-�R�FS`•;:,� Instcument a tlee Note without that I�urrower's coase�t _--
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