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<br />-�- (i)pll or part of[he PropertY,or a beneficial interesc in a uust owning all or part of the Property,is sold --�.-_-i _�,-F=_ _-
<br /> or otheiwise uansferred(other than by devise or descent),and • ..
<br /> (ii) The Properry is not oaupied by the purc�aser or grantee as his or her principal residence, or the . � ' ..
<br /> the pio but his or her ctedit has not been a�proved in ..,
<br /> , pur�chaser or ganiee dces so occupy Pert3' . -
<br /> accordance with the requiremeats of the Secretary. '.--�- - :`: . '.
<br /> (c)No Waiver.If���that would permit Leader to require immediaze payment in fiill,bnt , . . .
<br /> Lender does not zeqoire such paymeuts,Lender daes not waive its riglats vrith respect to subsequent evenLS. ::.;`:;i„��,;`
<br />, . (�Regulationc of IiUD S�mYarY•In�Y ����ons issued by the Secretary w�l limit : �-�;_—.-• :---..
<br /> _. Lender's rights,in the case of payment defaults.to require immediate PaYment in fuu and fareclose if not , ��`
<br /> atie.� �`-�'.::�'--".
<br /> p�,�S�y Insuument does not authorize asseieration or for�closure if not permitted by regul -.:
<br /> of the Setnetary• -�J-�-� -
<br /> and the Note 2c�-�.s��rnined , u�=:
<br /> (e)Mortgage Kot Insm�erl.Horrower agrees that if this Seturity Instrument - . ��,,, _
<br /> • w be eli�ble for insarance umier the National Honsing Act���s from the d:.:��f, L�.�� . �.. <`�.,.--.�.��
<br /> by this Sec�i:� �su��. A . .�:�r� _ .
<br /> may, az its option, requiie imme��P��t in full of all , , . ,. :`�
<br /> wriuen statement of aay autho�ed aSent of the SecretaiY dated subsequent to 60 days fi���date hereof, _ �':� � —
<br /> -- declining w insare this Security Insanmem and the Note. shall be deemEd ooa�lus��.-: r-vof of sach - � -�
<br /> the fo oin this o tioa ma}+ not be exercised by �r v�'iien the � ��-
<br /> ., ineligibility. Notwithstanding re8 S� P :emium to tr� i=' • ' "•'%�.-j� ' •
<br /> � unavailability of insu;ance is solely due to L.ender's failnre to remit a mnrtgage iasarance p . ' ---;-y:
<br /> ��TY• immediate a ent in full �`��'.� . �e
<br /> ...:.. .
<br /> � 10. ReinstatemeaR. Bornnwer hss a right to be reinstated if Lender Las requir�d P Ym - - --
<br /> be�ause of Borrower's failure to pay an amount due under the Note or c�:s 5ecurity InswmQnt• T�is ri8ht applies ' ,,, `�
<br /> ' even after foreclosure proc�ir�s ���• To reinstate the Sea..�y Insuument, Borrocver�11 tender in a ,
<br /> lump sum all amotmts requirefl ea bring Bo�rower's account curreat iacluding, to the extent they a�.-e obligations of �:� �i�,. .:,
<br /> � Borrower under this Secar_ry r��+ne�.foieciosure oosts and ceasonable and cascomary auomeys'fee.s and expenses :,``.�.,j}
<br /> ' ociated with the foreclosare pr�ading. Upon re�nstatement by Borrower,dns SecuatY Instruu°ent and ,��.
<br /> .. � ;'�°`' _
<br /> P�r1Y immedi�e _a:�yment im full. .
<br /> ' • the obligations tbat it seaues shall remaiL i� effect as if Lender had not required � �.,..�,-,�,t
<br /> � ` However, Lender is not required w perm:*t reinstatement if: ('i) Lender has accePted rei� :.. ., afte� the ��' ' ,:��; .:•�`_
<br /> wmmzncement of foreclosure proceedin8s within rno yea�s immediately preceding the oommencen.°nt of a current •s �::�.:-`;�;
<br /> �. �;=.,: . ..:.r..i �
<br /> � foreclusure pr �^;. (ii) reinstatement aill preciude f�reclosure on different gmunds in tbe future, or (�ii) _
<br /> �� reins4atement will a�.'�.�exsely affect the prlortry of the lien created by this Serauity Instrument. •.��� ; .....
<br /> 11. Bora+��Not Relea�ed3 Forbearance By Lender Not a Watver. Extension of the time of payment ar :•�.:
<br /> ' modification of a�orti�ation of the sums sewred by this Security Iasuament gr�ted by I.ender to any stucessor in , :��:• .:�,,'�p"�, -�,.
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<br /> irc:�st of Bo:rower shall r�.mt aPerate to release the liabilIty of the originai Bom�wer or Bormwer's successor in . �: • •J;����—.,._,'�
<br />' i��.,.�t. Lender shall noi be s�'.Sred to commence Proceedin88 aga�nst any sucoe.ssor in inurest or refuse to extend e.�.��,,a�..—...
<br /> time for payment or otherwise modify+amortization of the snms sewred by ti�is Securiry Iasuument by reason of any ��r��.:�,:.,°c`.•
<br /> .. ,,Nt���,�r•.,. —
<br /> .r demand made C��*the orlginal Borrower or�zrower's successors in interest.Aa3►forbearaace by Leader in exerclsiag .�:::-,�f
<br />. .,; • any right or�y sha11 not be a waiver of or preclude the eaercise of aay right or remedy ;; -: _
<br /> . 1Z.Saccessors and A�v Bouad;Joint and SeverW UW�Wty,Co-Stgnas.The covenants and a�eeuunts ,., , � —
<br /> . � . .. _
<br /> .. � of this 5ecurity Instmment sl�all bind and beaefit the suoozsso:s and assigns of Lender and Borrower.subject to tl�e ... .
<br /> provisions of ��agraph 9(b). Borroaer's covenants��t�r,ements shall be joint and several. Any Bosower who _ _ .Y - -
<br /> � c o-s i g n s t h i s g a�s i ty I n s t r n m e nt but daes noi execute the Note:(a) is co-signing this Sea�r�sy Inssium�e n t m o�tY to °;:*�. -
<br /> • mortgage.grant and convey that Borrower's inteiesc in the ProPeriY�der t he terms o f t h i g S e c u r l ry (b) ��'���
<br /> n •
<br /> � is not petsonally obligated ta pay t he sums s e c a u e d b y t h i s S�c t t r l ry I n s u u m e n t:a nd(c)a g a s th�t Lender and any �_
<br /> ��'� .
<br /> other Boaower may agreE c�ezsead,madify.forbear or make any accommodations arith regard to the terms of this �-- -;s-,�_"'
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<br /> Secvrity Instrument or t�e 1�c�c+::witho�:i ti:�i Borrower's consent. �` ,��--�_
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