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.._t � ' '� ..�z;�. ' ` �� V' :-:::�:. ��. � .:�1�1�,_. ,..:irdi7li!�"-.`_ , :+' � I ,.+��- - I • • � �j� � _- � RE•I2ECORDEU �$'�' '�l��Q'�9rU �'T /� '. I ' �Y '' � � , --- �Y" _'-_ . (i)All or part of thc Properry,or a beneficial intcrest in a trust ownin� all or part of thc Propeny,is sold or �,�,r o1hcrwlsc trec►sfcrred(othcr tl�an by devisc or desccnt),and .��`��'---_ (ii) The Property is not occupied by the purchascr or grantee as his or her principal residenw. or the - purchaser or grantee does so occupy the Properry but his or her credit has not been approved in aceordance ��'=".. .��r.?- with the requirr,ments of the Secrctazy. __� (c) No Waiver. If cucumstances occur that would parmit I.ender to require immediate payment in fuU,but Lcnder docs not require such payments,Lender does not waive its rights with respect to subsequent evcnts. (d) Rr.gulations ot HUn Secretary.In many circumstances regullauons issued by the Secretary wiA limit __ Lender's rights,in thc case of payment defaults,to require immediate payment in fuU and foreclose if not paid. This Security Instrument does not authorize acccleration or foreclostue if not permitted by regulations of the Secretary. - (e)Mortgage Not Insured.Borrower agrecs that if chis Security Inatrwnent and the Natc arc not deteraeined tn - be eHgible for insurance under the Nadonal Housing Act within 60 deye from the date hereof,Lender may,at = its opGon, require immediate payment in full of all sums secured by this Security InstrumenG A wriuen statement of any authori�ed agent af the Secrctary dated subscquent to 60 days from the datc hcrcof,dcclining to insuxe this Security Instrument and the Nate, shaU be deemed conclusive proof of such incligibility. Notwithstanding the foregoing, this option may not be cxerciscd by Lender when the unavailability of . � insurancc is solely due to Lender's failure to remit a mortgage insurance premium to ihe Secretary. 10.Reinstatemen�Borrowcr has a right to be reinstateci if L.cnder has requircd immediatc payment in full bccause of Boaower's failurc to pay an amount due under the Note or this Security Instrumen� 'R►is right applies even aftcr �• foreclosure ptoceedings are instituted.To reinstate the Securiry Instrument, Borrower shall tender in a lump sum all amounts required to bring Borrower's account cunent including,to the extent ihey are obUgations of Bonower under - this Security Insmrment, foreclosure cosu and reasonabIG ur�d customary att�rncys' fee° srld �xpCnSCS nmjferly assoc�atcd with the foreclosure proceedln8• Upon reinstatement by Borrower, thi.s Security .nstrumcnt and the - obligadons Shat it secures shall remain in effect as if I.endcr had not requlred i�mmcdiatc payment in full. Howevcr, Lender is not required to permit reinstatement if: (i) Lender has accepted reinstatement after the commencement of � foreclosure proceedings within two years immediately preceding the commencement of a current foreclosure — proceeding, (ii) reinstatement will preclude foreclosure on different grounds in the fuwre,or (ui) relnstatement will { adverscly affect the prioriry of the Gen cmated by this Securiry InshvmenG •�.. a Il. Borrower Not Released; Forbeamace By Lender Not a Waivea Extenslon of the timc of payment or �,�� maditicadon of amortizadon of the sums secured by this Security Instrument granuxl by Lender W any successor in �� interest of Borrower shaU not operate to ralease tha liability of the original Borrower or Sorrower's successar 3n interesG ` I.ender shall not be requ'ued to commence proceedinBs against any successor in interest or refuse to extend time for �?; ' payment or othecwise madify amartization of the sums secured by�his Securiry InswRtent by reason of any demand =��•_-. �.i:=.�,� made by the original Borrower or Borrower's successors in interesG Any forbearance by Lender in exercising any dght _:�� or remedy shall not be a waiver of or precludc Ihe exercise of�►y right or remcdy. ;'}�Yl�ln�� 12.Successors and Assigns Bound;Joint and Several Liabil[ty;Co•Signers.7he covenants and agreements o f `�.4s.,,�.--��_`-;, ' ; this Securiry Insaument shall bind and beneCit the successors and assigns of I.ender and Borrower, subject to the �j� �. provisions of paragcaph 9(b). Borrower's covenants aad agreements shall be joint and sevecal. Any Borrower who •.,.:�� co-signs this Security Inswment but does nut execute the Note: (a) is co-signing ihis Security Insaument only to ��a:��=-�---�_ . is ``=r,°:- — mortgage.grant and convey t4�ai Berrower s interest in die Property under the terms of this Security Instrument;(b)' _ � not rsonall obli ated to a thc surt►s sccured by this Security Instrument;and(c)egrccs that I.ender and any othcr ' -'�'��. P� Y 8 P Y ��:^':t��y�'��, Borrower may agree to extend,modify,forbear or make any accommodations wilh regard to the terms of this Security _ ,� Insirument or the NoUc without that Bon•owcr's conscnG ; �4R(NE)lesoa).ot Pape e oi e mninie. � l �.1_ _ _ _ _ __ __