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<br /> ` i � (i)All or part of tlie Properry,or e beneficial interest in a tn�st owuing all or part of the Property.is sold `��
<br /> �"�'`�� � ferred other than by devise or descent),and �'�'`'4�
<br /> or otherwise trans ( �`�"'"
<br /> ' __-- . (ii) The Property is aot oecupied by the purcha�er or grautee as his or her principal resideace,or the
<br /> 9� the Pro rt but his or her credit has not been approved in �,''"�
<br /> . purchaser or grantcc does so ocwpY {�e Y �-�=`
<br /> � . accordance�vich the requiremeats of the Secretary. _�
<br /> . �. (c)No Waiver. If circumstances occ�u t�a<<"�ould permtc I.ender to require inunediate payment in fLll�but
<br /> Lender daes not require such puyments,Lender dces not waiva its rights with respect to subsequent events.
<br /> � (d) Regi�lAtlons of IiiJD Secretary,In msny circumstances reguladons issued by the Sccretary �viU limit _
<br />�i.'t':.'�.yu� , I,ender's rlghts. it►the case of paymeat defaults. w requira immedia�e payment in full nnd foreclose if aot
<br />��'-�� :'•�'��;` paid.This Securiry Instrument does not authorize acceteration or foreelosure if not permitted by regulatious f
<br /> =_~� of the Secretary.
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<br /> •,,�ii/gi�,�,r (e)Mortgage Not Imsured.Borcow+e�agre�g t�at if thie Securiry Instrument and the Note are not detercnined
<br /> to be eli�ible for insurance under the National Housing Act within 60 days from the date hereof, Lender
<br /> ��� i��y��� � may, at its optian, require immediate payment in full of all sums secured by this Sccurity Insuument. A
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<br />- . :, .,�. written statement of any authorizecl�agse�en And Tth Note�shall beede.smed conclusi e proof�ofe1su�ch
<br /> .,.,� ;••�,;� ' declining to insure this Securiry
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<br /> ;Yy•�ii��f�. , iACl�glb111ty. Nonvithstanding the foregaing, this option may not be exercised by Txnder when the
<br />""°"'�'{'' unavaiiability of insurance is solely due to Lender's feilure to reuilt a mortgage insurance premium to the
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<br /> secretary.
<br /> �'-'��""�� 10.Reinstatement. Bonower has a right to be reinstated if Lender has required immediau payniont in
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<br />_.a,:;«„�:°,;;� ' because of Bonower s ft�lure to pay an amoiu►t due under the Note or this Security Instn�►ent. This right applies
<br /> � even after foreclasure proceedin8s an u,�«t�"�• T�s'��•��"-rrr_.Security Instrument, Borrower shall tender ia a
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<br /> -��•=��?�t.�--- lusnp sum all amouats rcciuixed to br[ng Borrower's account current including, to the extent they are obligations ot
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<br />-`���=��fi:.� Bonower under this Security Instrument,forcclosure costs ead reasonable znd cuscomaty attorneys'fces an eapeBSes
<br /> ..::_�:�i�'`!'� ro erl associated with the foreclosure pronedin8• Upon x�instetement by Bonower, [his Security Insnument and
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<br /> ..n��;t��- the ob gations th�t it secure� sh�ll remain in effect as if Lender had not requtred immediate p�yment in .
<br /> __�°�{--' Nowever, I.ender is not required to permit refnstatemeat if: (i) Leader has accepted refnstatement �fter tho
<br /> commc�ncemene of foreclosure proc�edin8s wlthi°t�'�'°Y� immedtately preceding the commeacement of a currGnt
<br /> foreclosure proce�din8� (li) reinstatement will preclude foreclosure on diffennt grounds in the future� or (iii)
<br /> ----- reinstatement wlll adversely affect the prioriry of t�e liea created bY thts Securit}'Insaument.
<br /> - -�:-.�,�s 11. Borrower Not Refeasedi Fo�►�a�$y�nder Not a Watva'• Bxtension of the time of payment or
<br /> --.;� modification of amortization of the sums saa�red bY thts Se�w�ity Insmiaient granted by Lender to any successor in
<br /> interest of Bonowcr shall not operate ta nleasc tha liability of the or�g(nal Bo�rower or Horrower's successor i�►
<br /> -- interest. L.ender shall not be required to commenre Pco��ga ag�t anY guccessor in interest or refuse to extcnd
<br /> time for payment or otherwise modify amacd��on of the sums securcd by this Securiry Insnvit►eat by reason of any
<br /> demand made by the orlginal Borrower or Borrower's successors in interest.Any forbearance by 1.onder ia exetcising
<br /> -` any right or nmedy shall not be a waiver of or preclude the exercise of any dght or remedy.
<br /> iZ. Successors and As��B��UIId;Jolnt and Sevcral Liabillty; Co-Signers.The covenants and agrecmants
<br /> �' of this Security lnstrun►eat shall bfnd and benefit the sucoessorn and assfgns of Lendsr uid Borrower,subjxt to the
<br /> provisions of paragraph 9(b). Borrawer's covenants and agreements shall bc joint and several. Any Borrower wha
<br /> .,��� co•signs thia Securlry instrument but does not exceute the Note: (a)is co-signing this Socu:ity Insm�ment ouly to
<br /> =_— mortgage. graat and convey that Borrower's interest in the Pcaperty undet the terms of this Securiry Insuument; (b)
<br /> �-`��-' is not personally obligated to pay the sums secured by this Security Instrum�nt;nnd(c)agrees that Lender and any
<br /> ---� other Bonower may agree to eaund,modity. forbear or make any accommodeuons with regard to the terms of this
<br /> _ —��� Security Instrument or the Note without tbat Borrower's conseat.
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