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<br /> �- referred to in pivagraph 2. or change the wiwuiu of such paymcnts. Any excess proceeds over an amount required t� �y all .
<br /> ._----,--_--,___ -,:--_T M��uwaAino I►wle�►tedne�c under the Note and thic Se�u�ity Instrument shell be paid ro the entity le�ally entitleJ thereto. -
<br /> r) . : � —
<br /> _ �. k�•y �•�• 8,Feea.L.ender may wllect fers and charQes authorized by the Secatary. �
<br /> ..._ - �.;���:.�,.: � •
<br /> ' ���'`' � 91.GrauadR tor AcceleraUon ot Debt. �
<br /> � � 'T;td.i?., -
<br /> f . •.:,,:I- - (A)DePAUIt. l.ender mny.except as limited by regulations issued by the Secretary in the casc of payment defaulta,
<br /> , ..af�;;.�x-.,��;-.� re�uire lmmediate payment in full of all sums secured by this Security Instrument if:
<br /> �y�,__. :. �-r�.-. (i)Borrower defauUs by failing to pay in full any monthly payment required by this Security Instrument prior tu or
<br /> ' � ���'K.�:;'�� on the due date af the next monthly payment,or
<br /> ��'��+;d°' '� (ii) Borcower defaults by failing. far a period of thiny days, to perform nny other obligations wnlaine�l in thie
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<br /> �"'�_ Security lnatrument. v
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<br /> -- � �� � (6)Sale Wit6out Credit Approvaf. Lender shall, if permitted by applicable la�v and wlth the prior appraval of the
<br /> �.��4�:'�+�' .
<br /> .m��.•—�'`- .t�^� Secretary,require immediate payment in full of all sum�secured by this Secu�ity Instrument if:
<br /> �,.�;.'."�- (i) AU ar part of the Propeny, or a beneGcial interest in a trust owning all or part of thc Roperty, is sald or `_
<br /> ��„�, � � '°����'�`�-' athcrwise transferrod(other than by devise or descenq by the Borrower,and
<br /> - . ..... .<....::=>�,-• —
<br /> - _ . ��_..--- - (ii) The Property is not occupied by the purchaser or grantee as hia or her principal residence, or t e _
<br /> � �` � purchnser or grantec daes sa occupy the Property 6ut his or 6er credit has not been approved in accordence with Ihe _
<br /> . ,��:�;b`�r..., �'� requirements af the Secretary. --
<br /> �, .
<br /> `�,�`"'����'r� (c)No Waiver.If circumst�nce.g occur that would permit l.ender to require immediate payment in full.but i.ender dces —
<br /> � � " not require such payments,l.ender dces not waive its rights with respect to subsequent events.
<br /> '.� . �.�'.
<br /> , ._;.•.� ;
<br /> � r '� --, �� (d) RegulAtlons of HUD Seeretary. In many circumstances regulations issued by the Sccreu►ry will limit I.ender's
<br /> - ,, rights in the case of payment defaults to require immediate pnyment in full and foreclose if not paid. This Security
<br /> , � • . ., Instrument daes not authorize acceldration or foreclosure if na permitted by regula�ions of the Secretary. _
<br />' _,,�„ _ -!'�Y,'- "_,_---�=� (e)MnrlgaPP Not Iwwred.Anrrower aeree.c�hae shauld this Security Instrument wxi the Note secured thereby not be —
<br /> ." , • • " eligible for ir�urunce under the National Housing Act within 60 dAys from the date herecif, l.ender rnuy, at its option
<br /> ,� ' r�nd notwiths�anding anything in parngraph 9, require immediate payment in full of all sums secured by this Security --
<br /> ' tY''"'i::".�`�� �r� Instrument. A written statement of any Authorixed ugent of the Secretary dated subsequent to 60 days from the date
<br /> hereof.declining to insure this 5ecurity Instrument and the Nate secured thereby,chall be deemed conclusive proof of
<br /> , �s such ineligibility. Notwiths�anding thc foregoing, this option may not be excrcised by l.ender when thc unevailubility
<br /> � „ - of insurance is golely due to Lender's failure to remit u mortgage insurance premium to the Secretary, �
<br /> 0 1Q. Retnstptement. Borrowcr hus u right to ix rcinstatcd if L.ender hAS required immediatc puyment in full tx:cause of Q_
<br /> , 4,� ' Borrower's failure to pay an am��unt due under the Nnte or thix Security Inxtrument. This right nppliex even after foreclosure
<br /> ��..
<br /> �_:, _ ,,.. praceedings ure institutcd. To reinuutc thc Security instrument, Borrowcr tihall tenJer in a lump sum ull umounts required to v `
<br /> ;,, •• brin� Bonower's account curtent including, to the extent they ure obligntions of Borcower under this Security Instrument,
<br /> � f�reclosu�e rnsts s►nd rea+nnable and custnmary attorney�' fies und expense+ prnperly u+sociated with the foreclosure
<br /> ' �' ` �', proceeding.Upon reinstutement by BoROwer,this Security Instrument and the obligution,thut it securec sNall remain in effect �,{
<br /> f �� '�x_ ',�'��. as if Lendcr haJ not rcyuircd immediute payment in full. Howcvcr,Lender is n�n reyuircd to pemiit reinstutement if:(i)Lender
<br /> �, ' - ' , hos accep�ed reinstutement uiier the commencement of fnreclosure pnx�ling, within two years immediately preceding the
<br /> ° '"'' •''' commencement of a current foreclnsure prcxeeJing, (ii) reinstutement will precluJe furecl�i.ure on different grounds in the =�"�
<br /> ,.,.._.,,.•. . fumre,or liii)rcinstrtemcnt will udvcrsely affect Ihe priority of thc lien creuteJ by this Security Instrument. �--
<br /> �� �,�,. � 11. Borrower Not Released;�orbearance By Lender Nut�Waiver. Ext�nsiun uf U�e time of puyment or modific�tion of
<br /> . � • umortirntion of the wms s��:ured by this S�curity Instrunx:nt grunted by LenJrr lo any surcetiuir in interest of&�rrower sh�ll £
<br /> ,, Y not operate h�release the liability of thc originul Bnrrowcr or&►rruwer's�uccrx�nr in intcr�st. LcnJcr shall nat be rcyuired to
<br /> _ � 'c tion �• r-
<br /> , ._z!. : cammcncc pracccdings u�amst�ny succeti�or in intrres� ��r rcl'utie to extcnd timc ti�r puyment or otherwise nxxiiiy ami ni n
<br /> • ' of the sums secured by this Security Intitrumrnt by rca.un ��f any demunJ made hy the uriEin•rl Barruwer or &mowcr's ��
<br /> � successon in interest. Any farbrarance by I.cnJer in excrci+in� any right �ir remcdy �I�all n�x hr a w•rivcr��f or prccluJ�the �
<br /> exercise of any right or�eme�Jy.
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