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<br /> - (i)All or part of the Froperty,or a benef cial interest in a uust otvning all or part of the Property,is sold >� , . "
<br />;=j oi oiherwise uausferred tother t2tan by devise o.r dgscent).�nd � -. - _---- —_--- -
<br /> • (ii)'Ihe Progzrty is ¢ot or.cupicd by the purcha5er or grantee as his or her preacipal resider.ce. or the . , '_:
<br /> pvrchaser or grantee does so occupy the Property but bis or her credit has aot been approved in - • �_ . . . .. -
<br /> `. accordance with the rei{uirements of the Settetary. . �,o-�:`,-��'�<_
<br /> �'' (c)No�l{lsives.If citcumstaaces accur that woutd permit I.er,der t�r�:quite immediate payraeut in fi�11,but . .....__=_,t.':�x�_,.
<br /> : Leader does not require sur3�paymeacs,L.euder does not waive its rights with respect to subsequent eveats. . • "�`'`�"�'�•---
<br /> ��1�'y'�l���:-.
<br /> (dD Regalatfoav of HUD S�ry. In many cira�mstaaces zegularions issued by the Soctetary► wiU limit : _ _ ,-."i,��`
<br />,' L,ender's rights,in the case of payment defaWts,to�equere�n,*�+�t;�pay�ent ia fiill and foreclose if not ----_ - .-.-
<br /> Lend
<br /> ,� .•
<br /> paid.This Security Instrument daes not authorize accelerarian or farectosur�if not permitted by zegu.latians .- ':,ct-. : ._. . ,r.--�.
<br /> ` of the Seaetary. :��:.;: �'�'"�
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<br /> ., (e)Mortgage Not ia4ured.Eo�ruwer agrees that if this SeauitS►Instrumeat and the Note are not determined _ �•
<br /> .� j:_.
<br /> �,� [o be eligible for insu:ance�mder the National Housing Act withln 60 days from the date hereaf. I.ender `'`'` �r-;�,�:°� -_-
<br /> inctrnment. A ' : �`",• ,�' ''„
<br /> may. at its option, re4uire immediate Payment in fiill of all sums secured by this Security �..�..:�:�; . --
<br /> �� written statemeat of auy authorize�agent of the Secretary daied subsequent to 60 days from the date flereof. V,�,�.. ,•�t`�.M.�='
<br /> : � d�ciining to insuic this Sa:uriry Instrument and the Note. shall be deemed coacinsive prao f of such :
<br /> . ��.•°�.:�
<br /> ineligib�ity_ Nota+ithstanding the foregoing, this option may not be exetcised bY I�ender when the �_� .� .....�q��;.,;�:
<br /> � � unavail�bi7fty of insucance is solely due to Icuder's fa�iue to�eemit a mottgage i���*�++ce premium to the .: ,.',.;.' � �
<br /> Secretary• ti� ' ' '—'"°�
<br /> i 10. Reinstat�eat. Borrower has a rigkt to be reinstated if I.ender has required immediaze Paymeni m full . ,
<br /> bec�se of Bomower's faitare to gay an amount due ander the Note or this Security rne�.� Thig right applies ''�� . _�:, ��'
<br /> even after foreclosa�g�c�inBs are instit�ed. To teinstaze the Secvriry tn��^t, Borrower shall tender in a •4';� ',.�'_;:
<br /> lump sum ail amou�s aequired to bring Borrower's aocount caament inctuding,to the eatent they are obligations of .,: ' , .z `:���. t�,;
<br />�-�,;.� Borrower under this Security dnst�umeut,foreclosure costs and reasonabte and castomary aztameys'fees and expenses �;
<br /> = - pmperly a�aciated wuh the fo�asi►q+e pruceeding. UpOII ICinMatemefft�i B OIIOtVBI.t h�S e r u r i t y ,m e n t a n d �; .I;�;�
<br /> the obli�ions that it scxares shall remain in effect as if Lender had not nequired i�te paym�t in full. `'4 '..�..
<br /> However, l,ender is �.ot iequirod to permit reinstaument if: ti) L.ender h�s accepted reinstate�ent after the � - �
<br /> . .,�}' �,,-
<br /> � oomme�ncement of€�x�rivsv:e procee�ings within two yeus immediazely p�eceding the commeacement of a cument �' '�-
<br /> foreclostue pcoc�d�g, (ii) re�nstatement anU pmclade foieclos�ue on difu�ent grouads in the future, or ('iii) '�� � �::
<br /> + �'r 1::� ,.ti. ..
<br /> re+smat�;w�l adve�sely affect the prioriry of the lien created by thls Secaiiry Inscrument- _. x.,,;•, ,,.
<br /> 11. �orrower Not Re�ased; Forbesrance By Lendgr Not a Waiver. F.xtension of the time of payment or = =��
<br /> modific�t¢on of amQ�on of the sa�s seaued by this Securiry Insm�ment granted by I.ender w Fsny suooessor ia ' :� •� -�•.
<br /> ;:,�
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<br /> inte�est of Borroa�a�Ta�l noi opezate to release the liabt7iry of the origie�Y Bocrower or Borrower s suecessoi in j• , - . = -
<br /> ' * mmanra saccessor in interest or nfuse to extend ��� �
<br /> 1 intec�t�der s➢�.Z IIat bs required w co proeeedings agaiast anY �s� r:
<br /> `,;•�• time far��ent os a'„ie�v+ise s�di�+amorti�ation of thz sums�by this Securiry&v�nvment by rr,a�on of a�r _. - - -z
<br />':�;%: � demar��by t�s original Borrc�r+sr or Borrowe�'s successois ffi inierest. fozbear�.�b I,ender in exercisin ��[�'' .-
<br /> Any ar Y g r,�:�,..��.._-.:,..._
<br /> a�r rtght or remedy�al not be a waiver of or pieclude the eaercise of a�r ri�t or remedy. ..`" - - .A.:.
<br /> ' 1Z.Sucoes�cag aisJ Asslgns Bo�ad.doi�aa�Several Y.fabilIty,Cc�,..�ae�s.'I�e covenants and ag�eements -..��,_�-;�
<br /> of this Securiry�..<m�nt shaU bind and bene5t the successo:s and assigrs aC Y,euder and Borrower,subject to th$ .,.�c.:_,----.s- .
<br /> :, ��,y.'._-.�
<br /> pmvisions of paragzaph 9(b). Bor�ower's coveuants and agteer:�nts shall be joint and seveial. Any Boaower who ;�v�= -
<br /> this Security Instrument but does not execute the No;:: (a) is co-si�mg this Security Instrument only w -"='��'���°��._ `
<br /> i`,�:�. �� �.+_�.--._
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<br /> -• . mortga�e.Sraat anc�convey that Borrower's interest ia the Property under the terms of this Securlty lasnument;(bD ,,�� . . �r.,�„_. �F-.
<br /> '' is aot peraonally o�Fi.�v'xd to pay the sums secuced by this Seauity Insuwneat;and(c)a�ees that Leadsr and ai►y t�,;�;�-'�, ,`�Fa. �"` -. :
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<br /> 1''. osher Borrower may a�e to eatend, modify,far[�c�r or make a�+accommadations arith regard to t��i�s of this �* 1� Y , �;4 b�H .:
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<br /> ... . Se�surIty Insuument e*�e:�ta*E�n}i�ut that Bonower's consent. ,�.� �-'�{(r�As
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