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.�.tn ` I•. :5�� • • . . . '/ �� .�Y-.�J' . . � . . . . 1 . . � �. � � 98- :��►�,�sz _ __ - � � AU ar an u!thc Propercy,or a bcncficial intcrr.st in e truu owning ull or puri of thc Praperty,is sold or � � , -. (�) P' , _ othcrwisc transfcacd(o t hcr t hun by dc v i s c or dcsccnt).and � (ii) 'I1►c o01��dces so occ pY�►��P�Y�t his or her crcdit has not bcc approved�an accordancc = -- purchascr g with thc requircmcnts of thc Sccrctary. � (c)No WAiver.If c'ucumstances occur iha�Would permit Lcndcr to requirc immcdiace paYment in full,but Lcndcr docs not require such paymcnts,Lendcr docs not waive its rights with respect w subscqucnt cvent.g. (d) Regulatione of HUD Secretary. In many clrcumstances regulations issued by the Secrctary will limit - Lender's rights,in the case of p�yment defaults,to require immediaw payment in full and forcclose if not paid. This gecuriry Insuument does not authorize acceleradon or forcclosure if not permitted by regulations of the = Secretary. ��, (e)Mortgaqe Not Insured.Borrowcr agrees that if this Sceurity Insuumcnt and thc Notc aro not dctermined w 6c eHgiblc for insurance under thc National Housing Act within 60 daYs from 1hc date hcreof,Lender may.at =� its opdon, requirc immcdiate payment in full of aU sums satued bY lhis Sccunty InstrumcnG A wriuen �a �� statement of any authorizcd agent of thc Secretary dated subsequent to 60 daYs from the date hercof,declining co insnre ihis Security I�strument and the Note, shall be deemed conclusive proof of such ineligibiliry. ` Notwithstanding the foregoing, this option may not be exercised by Lendcr when the unavailability of insurance is solely duc to L.ender's failure to remit a mortgage insurence premium to the SeGretary. 10.ReinstatemenG Borrawer has a right tc�be rcinstated if 1.c►►der has rcquired immediate payment�uc becau� �` of Bocrower's failure to pay an amount due under the Note or this Sacurlty Instrumen�'Ihis right app ._ f o r e c l o s u r e p r o c e e d i n gs are insututed.To reinstate the Securiry Instrument,Borrower shall tender in a lump sum all � -- amounts requircd to brin8 Bo1T°WCr�s�°��°�ent including,to t he exten t t huy a r c o b G g a t i o n s o f B o r r o w e r u n d c r ;�= ' this Secarity Insuument, foreclosure �s� U r��statem ntc by Borrowcrmthis 5�'ry dInstrumc c pa�d the �_._ associated with the foreclosure proceedin8• P° '.:��_I� 51�:.�_ obligations that it scc�res shall remain in cffect as if I.�ndcr ha�na��uu�� "'"��Payment in fu . owever, — Lender is not required tn pemtit reinstatement if: (i) Lender has accep4ed reinstatement after ihe commencement of �:_�_� '� r u��++�.� -. foreclosure proceedinBs within tr�'° Y� �m��y p�� e commencement of a current foreclosure _h`��u,4 pro�eding� (ll) reinstatement will preclude foreclosurc on differe,nt grounds in the futurc, or(iu) rcinstatement wiU -' -;�:�¢ adversely affect the priority of the lien creaced by this Security Instrumen� ,'�%_. 11.Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the timc of payment or . -� ,�.. moditicaaon of amorti�adon of the sums securod by this Securiry Inswme��b*rantedB rroweres uccessor'in'u►teres� 'n interest of Boaower shall not operate to mlcase thc liability of the original , . ,�'� L.ender shall not be required to commence proceedu►SS a8ainst eny successor in incerest or refuse co extend wne for �:�FV— _ payment or otherwise modify amortizauon of the sums sccured by th�Security Instrument by reason of any demand �_� made by the original Borrower or Borcower's successors in intcresc. .4nY fo�bearance bY�nder in exercising any right �� ;` or remedy shall not be a wuiver of or preclude 1he exercisc of any right or remedy. _ 12.Successors and Assigas Bound;Jolnt and Severui LI�biUty; Co•Signers.'Ihe covena�its end agreements of __ � this Security Insuument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the �� ' pr�ovisions of paragraph 9(b). Borrower's covenants and agseements shall be joint and sevecal. Any Bonower who �:�} T_ co-signs this Sa:urity Insuument but does not execute the Note: (a) is co-signing this Security Instrument only to ��-�-_ '' � mortgage, grant and wnvcy that Bonower's intcrest in chc Propercy under the terms of this Security Instrument; (b)is ��_� _ � not personally obligated to pay ihe sums secured by this Securiry Insuument;and(c)agrees that Lender and any other �.-:-,,,:��_____� Borrower may agcee eo extend,modify,forbear or make any accommodations with regard to the terms of this Security �;�,-�— �� Instrument or thc Not�without that Borrowcr's conscn� �;:_----- -� - Y^�f�� !`•1�.J1. 'fl•_1_.'^�r �� hiF:...Pf,ty,t•t•`Y - _ i,��:j�•��yi+t' . r- _ �4R(NE)�esci�.o� rape6 o�e inwau: �, I _ I i - I I _, _ — --- ' ---. . —._—.. r }' =.. � .--.. . �