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<br /> ; (i)A!I or part of tne pxopercy.or a heneficial interest in a mut owmng a!1 or part af the Property.is sotd , . � � � � _� ��_
<br /> •; or otherwise uansfetred{other than by devise or desscent),aud ' - �. �
<br />:rs ,
<br />__: (n)The Property is not auupied by the purchaset or grante�as his or her principal residence, or the , :
<br />- purchascr or grantee d� ao oaapy the Property hut his ar her credit hsis not been appmved in - -'- . . -' _
<br /> ` accordance with the requimments of t�e Secretary. � ,
<br /> (c)Pto Waiver. If circvmstances acsur tl�at wonld p�rmit Ixnder to require immediate payment in full,but � � _ _ _"-`_
<br /> Ls9der does aot re$uire such paymeats,I.ender does nat waive its rigJiu with respect to subsequr�t eveuts. -�-�"�" , -�`�
<br /> � c� ��o� of�n s�ry. Ia many cizcumstartces tegulations iss�d by the Secretary will limii _ � � `'
<br /> ' Leadcr's ri ts. ia[he case of defa�ilts.to �mediate paymsnt in fuU and foreclose if not ,' •`'. . ��• - `';,:
<br /> 82i PaY�� �5�� , w :,�-�-�r.,..,-.:.,
<br /> pa{d.This Sscurity instrument does uot authorize a�celeration or forectossue if not permiaed by regniatinns .. • _. '."''`_-'"'�`"
<br /> ' of the Secretary. � � ��' 4°
<br /> ,`s (e)Mo s Nat Ins�ued.Sormwer that if this Seaulty Instrument aad the Note are aot determined � �'�"�` � -
<br /> itgag a8recs _. .. �: :�s�.�F:::�:._
<br />�;� to be eligible for insuzance uuder the Nasional Iiousing Aa cvithin 60 days from the date heraof, Iender ��'`�'-�=
<br /> may,at its option, require i�ediaze Paymsnt in full of all sums secured by t4is Sesurity in. ,,,,ea,t. A :.l:�,�:�_._�.
<br /> ,.� wriuea statemeni of any audtorized ageni of the Secaetary dated subsequent to 60 days from the date hcreof, '`,'°�--
<br /> declining to insur� thia Seauity instiume,nt and the Note, shall be decrosd conclusive pmof of such :��:��--
<br /> � ineligi'bility. Notwithstandin$ the fotegoing, this oprlon may not be exercised by Lender when the -���'`�'�`0��_
<br /> nnavalability of insuraaoe is soIety dae to Lendec's failffie to temit a martgage insuraace premium to the _'r.=�.`'�:+��
<br /> emit
<br /> �� ��+k'�-: �..
<br /> Secretary• : .�}�`�•_—
<br /> ;:� 10.Refastat�eat. EoTrower has a right to be reiastated if L�uder Las req�d immediate payment ia ful� ���i,, ��
<br /> bec�se of Botrower's failute co pay an amount due under the Nou or this Security Instrumen� This rigiu applies `�
<br /> �' eveu after€orec2osure p:oceedings ace instituted. To reinstate�he Security ►��rr,,,.,en�, Botrower shall tender in a ,, "'�`';�. "� �.�
<br /> '� lump sum all amounts required to bring Borrower's acsaunt ca�rrent including,to the extent they aze obligatlofls of ;;�:�_, ,�:,:, : r.;,- , • �
<br /> ' Boirower uader this Saurity Iasuumwt,foreclos�ue costs and rrasonabte�d customary attomeys'fas aad expenses � � ,
<br /> properly associated arith the foreclosure pmc�ling.Upon reinstaument by Borrower.this S�curlry Insnnment aad � ,r:,v r'„' �+'' `:
<br /> %y�+ tY� '='
<br /> ths obligazions tLat it securas shall zemain in effect as if Leader had not requized Immediate papment in full. ��! _i ..
<br /> However, l.ender is not coqufired to pennit reinstatement if: (i) I�ender has axepud relastaument after ttie .�,+z � '-;_'::--
<br />� commencem�ent of foreclosure procePdings withia two years immediatety preceding the wmmencement of a current '{ ��}�''`
<br /> �` forectosure praceeding, (i�) reinstatement will preclude forectosure on different grouuds ia the future, or (iii) r �;.$`.`
<br />;sn� : inctmme*�t_ '�.,;
<br /> _ reinstaiemeat wlll adversely affect the prioriry of the lien creanai by this SecurIry ;��.-..
<br /> 11.Bon+ower Not Released; ForDearauce By L�iu�-Mot a eYaiver. Extenslon of the rime of payment or ���:.-..
<br /> m,adif�ration of amoNrdtion of the sums secured by ti��:ca�iry Insuument granted hy Lender w any►successor in • ' ".-�
<br /> intenst of Borrower shaU not operace co retease the liat��,zg of the original Boirower or Borrower's suec�essor in -
<br /> int�rest.Lender shall noi be required to commence proceedi��s agamst aay successor in interest or cefnse to extend �=
<br />��'°� ' timc for payment or otherv�ise modify amord�at�on of the s�a secured by tLis Security Instrumcni by reason of any "a"��'"•'�--�
<br /> dem2ind madn by the orig�nal BoYrower or Bonowet's successo�s m interest.Any forbearance by I�nder in exercising -�`-��a
<br /> '�`
<br /> any right or remedy ahall aot be s waiver of or preclude the exercise of aay rigbt or cemedy. �-��.:__.
<br /> " 1Z.Suoccssors and Asslga9 Bound;Joint end Several Uabflity;Co Slgne�.'Ihe covwaat�and agreements '��^''`;..
<br /> � ..�:`�
<br /> ., of this Secariry Tnsuument shall bind aad ben�fit the suvicessa�s and assigns of I.ender and Sormwer,subject to the �•'�z��%�'='
<br /> provisions of paragraph 9(b). �orrawer's covenants and agrcements shall be joint aud several.Any Borrowec who � �� ;
<br /> _r..sr�r . "Y.`.rrr�`eR�.::{ '_.,.
<br /> co-sl�s this Securlty Insuument 6nt does not e�cecute the Note: (a) is co-sigaiug this Secarlty Iast�ument only to �},.
<br /> . mortgage,gtant and oonvay that Boaower's inurest ia the Property under the terms of this Security Insuument;(b) � '" �`
<br /> .;;,.�. {,.
<br /> is not personally obligazed to pay tbe sums secured by this Securiry Instrument; and(c)agrees that l.ender and any `'?;#�,r�.a*���'',�.:� .,:.
<br /> /;j4:.��' ` �Fi=',':-,±
<br /> ' ather Boirower may agree to extend,modify.fosbear or make any accommodations with regar+d to the temis of this ��;'���__
<br />_ Security Insmrment or the Nate wIthout that Borrower's wnsent. ��'�t. e „'�;•.: ��"
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