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<br /> (i)All or part of the Property,or a beneficial inuiest in a mast owning all or part of the Property,is sold �,,..,,�„�
<br /> .� or otheiv�ise transferred(other thaa by devise or desveat),and - . . . -' �
<br /> � � �s not o ied b the archaser or tee as his or her zincipai residence,or the - •�' • ; ��—
<br /> (ii) The�roperty ' � Y P 8� P . °"'� .•�--
<br /> purchaser or grantee does so occupy the Property but his or her credit has not been approved in � . ' �''.'°`�-_-.-_
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<br /> accordance with the requiremeats of the Secretary. • •."�..�".•. ���
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<br /> (c)No Waiv�.If circcumsstautc.es occur Et�et would permit I.ender W require imme�iatP payment in fiill. but - . •.�•••s,..;�;,a �
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<br /> I.ender does not require such payments,Lender does not waive its rights with iespect to su6sequent events. :; '�� _. , - f
<br /> � (tn RegWattoas of HUD 3ecreta�r9.1a many circumstances re8nlations issued by the Secretary will limit :�-.";�",^ --.--`.- '`'
<br /> ' I.ender's rights,in the case of payment defaults,to require immediate PaYment in fall and foreclose if not � _:.-:F.���.
<br /> paid,This Sec�uity Insuument does noi authorize u�eletation or foreclosure if not pernritted by regulations __-�e_-.a=-_•__ _
<br /> of the Secretary _
<br /> t c incf�rn'±+?a++i 3NI i11C N022 2t(:IIQd dCtCIII11IICQ �• r.�3-"
<br /> , (e)MoYtgage Nat Insa3red.Borrower a,�,�aee.s t�az if�.s,.ecairity ; r..,,��+��
<br /> �. w be eligit►te far insurance under the 1�z���1�a�,� Act with*�.�i dzys from the dat�L^�+� I.eader Y���r' J ��� �,.n. -
<br /> ' .# ➢113}r, 3L It3 OptIUD. IO�LTC'=immedia P� u�3,t'��i �L 2ll S11�S���V tl�l`S $�'L"i'} �CD2. 1� ,yfl�ti�"`A,: ,5' .lt;,.. , Y
<br /> .`t.� writtea stateatent a€�•+a�:3rized ag�t c���-.:.�sa� c�ateti sr'�s:.i..est E�o�•�ys��..''.c'a�e he�ea4, ��; >, � -r'v -
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<br /> ��"�„"ti" de��'� to ins�� �i'.s �-�riry Ls�.-�+� an3 �r lv�te, *+^F be dse� ��aclasics ��oof of such , :', ' . " ' �
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<br /> • ineligtb�ity. Aiotwithstaa�ng �e uar•eg��g, this option may ��t be exezcis� by [reader cvhen the ,�,•;•,. • .�•�;`�``,�.,��;,' ;
<br />-F' ' tutavai12b1�1'ty of incnrance is solely due io I.ender's failure w r�a mortgage insuranr,e pi�nium ta the a" .:� • �,;�`rf�`�a
<br /> .� �BL.�t�rv� �ir r��W�$t�,`.
<br /> .'� la.y���,g���r has a right ru be reinstated if Lender has required immediate payment in full :i
<br /> because of Borrower's failure w pay an amouns a�ne under ths Note or this Sec�ity Insuvment.This right applies •.. ,
<br /> even after foreclosure pmceedings are instituted. To reinstate the 5ecuriry Insuum�ent, Borrower sball tender in a :..s :;` �-.
<br /> : . lump sum all amounts required to bring Bomnwer's account current inciuding,to the extent they are oblig�tians of , : ,� 7.
<br /> Borrower uader this Secudty Inst�umeat,forecdosure costs aad reasonable and customa:y attomeys'fees aad expenses � .;�. _�
<br />. , P�P�Iy associated aith the forcclosure praaeding. [Jpon reinstatement by Borrower.this Security Insuument and � ;� ��;<i� :;=�' .
<br /> • the obligations t h a t it sxvres a h s il l remain i n e f f e c t a s i f L e n d e r h a d n o t r e q u i r e d i m m e d i a t e p a y m e a t i a ff u ll. ' , ` ';_ '
<br /> � However, Lender ia not requtnd to permit reinstatement if: (i) Lender hn9 acc�pted reinstatement after the :..�..�,. ,:, . �''� '�_F�
<br /> ' cvmmeacement of foreclosure praceedl�gs within two yeais immediately p r e c e d i n g t he commeacs�nen t o f a c u r r e n t •:*;-�,;�`% .
<br /> • :r�-YtL�l:_..Y :. �-`....-
<br /> � foreclosure proceeding, (il) rc�nstatcmtn� aill preclude forecEosure on digfsrent gravnQa in the funue. or (iil) . -� �' ��
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<br /> �� reinswtement will aaversely affrct the prtority of the Itea created by this Securiry(nstrument. �;����� �
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<br />' ��• 11.Bore+ow�r Not Released; Fo�rarunre By B.eadcr No!u Walver. Bxtension of the time of paymeat or °••��titi
<br /> modification of amortization of the sums seeured by thls Secudry Instrumtnt Branted by L.ender to aay saccessor in _
<br /> �::°,�''� ��
<br /> � • interest of Bomuwer svall not operate to release the liability of the orlglnal Borcower or Borrower's successor in
<br /> � interest.Lender shal!nos be requlred to commence proceedinga agalast any suooessor in inurest or nft�se to extend .,....j�-` ' ==
<br /> tia�e for payment or othe:wlse modify amo�tir�iion of the sums secured by this Security Insuument bY reason of any _
<br /> >,; dem�fl made by the orIginal Boirower or Borrower's successota in tntemst.Aay forbeazaace by L,ender in exercisiag --
<br /> � �' atry right or remedy shnll not be a waiver of or preclude the exercise of any right or remedy.
<br /> � � 12.3uceessoxs and Asstgav Bo�md;Joint and Sev�1 Uab1UtY;Co 3l�eas.T�e covenants and agceements �°•�-�-=~�:_.
<br /> :�i of tbis Seauity Instrumeat shall bind aad benefit the successo�s and assigns of Lender and Bormwer,subject ta the =L _ -_
<br /> '%�,'^'. pmvlsions of paragtaph 9(b). Borrower's covenants aud agcerments s�all be joint and several.Any Borrowes wha " �':.'"� .°T-��_. =
<br /> �;�y� ��ty r„�n,,,,ent but dces not execute the Note: (a)is co-signlag thls Securiry Instmment only to �'�
<br /> mortgage,grant and convey that Boaower's ffi�:rest in the Property under the terms of this Security Insuvment:(b) ��-'�� .
<br /> � • is not peraonally obligated to pay the sums secan,°+ed by thls Securiry Insuument:and(c)aSrees that I.ender and aay ��,.�r ^� .'
<br /> � otber Boaower may agree w extend,modify, forbear or maYe any accommodadons with regard to the terms of this � '"'� "'"""'^�" --
<br /> � � Secudty Instrument or the Note without that Borrawer's consent. ���-�'-4.,,-
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