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<br />-. '_.__"`':. (i�p,ll or part of the PropertY.or a beaefccial interest in a trust owaing a!I or part of the Property.is sold ^_. _
<br /> , '; ��. . or otherwise aansfeired(other chan by devise or descent).and al resideace. or the �.:=`—�,'��;.
<br /> ;.,�:. (ii)The Pmperty is not occupied by the purcitaser or gtantee as his or her princip .
<br /> an
<br /> . � p�chaser or grantee does so oxupy the Property but his ar her credit has noc been appmved in .. . . .-
<br /> , acxordaece arith the rect�irements of the Seccecary.
<br /> � (c)No Watver. If circumstaaces oaur that would permit Lender w require immediaze payment in fiill,but ��.:.:�.� :�_ � =°z..
<br /> • . • , . Lender does not require such payments.Lender does not waive its rights with respect to subsequent events. . �' _; , .
<br /> yme
<br /> In ci�ces regul�tions issued by the�tarY wiU limit ����: ,•..,...�:_
<br /> (� RegWat€oas of HUU Se�rY• �Y t in fiill aad forectose if aot � . ° --;
<br /> . Leuder's rights. in the case of payment defaults,to require immediate Paymen r.''_ ._
<br /> • paid.This Security lnstrument daes not anthorize acceleration or foreclosure if not permitted by RgWations e°.`�:_..
<br /> ` ''i of the Secre[azY• �y�the Note aze not determined - . --
<br /> ' = (e)Niurtgage No4 Ias�ued.Bormwer agrees that if this Secuiity .
<br /> ,- • � t o b e e i i g t'b l e f o r i n s u r a n c e under the National Housing Act within 60 d�s from thc date hereof. I.ender �. �. -�--s
<br /> _ may,at iu option, ie9uue im�°e�e PaY�nt in fuU of all sums secured by i h i s SeQUity I n s n u m e n i. A ' . .�.. �-
<br /> imT � '• :.
<br />� written statement of aay authorized agent of the SecretarY dated subseqaent to 60 days hom the date hereaf, ,s•',,.•; ' .<;
<br /> � • declining to insvre this Securtty Insuumsnt and the Note, shall be deemed coacl�ive Q�ef of such .;.•;.�.: :..:����-
<br />-- . ineligtbility. Notarithstanding the foregoiag, this option may not be exercised by Lander when the -'- _'"_
<br /> , . �.-°':,� uaavailability of insurance is solety due to Lender's failwe to remit a mongage ins�uance premium to the '�;�-`��-
<br /> p'',_
<br /> . . ��.�p}�� �:� .fy."F.
<br /> . . . :s Sw..�w•�• .- . .. ..--�.t:_
<br /> • . 10.Retn�tatement. Boirower has a right to be reinstated if l,ender has required unmedtate payment m fuU ;1'�;�_���,
<br /> ` . ,.;` be�use of Horrower's fa�7ure to pay an amount due uader the Note or this Seeuriry Insaument. This rtght applies . ;�'..8,�,•
<br /> . � ..:.� , '� even aRer foreclosure pmcxediags aze instituted. To reinstate the Secauity Iastrument, Eorrower shall tender in a ���_��.��
<br /> < . �' Iump sum a11 amounu reeluir�d to bring Bomnwer's ascount current including.to the e�ent they are obligations of t�;�. :�•�-•,=,
<br /> • -•��� Borcower under this Securlt}+Instcumeat,foreclosure costs aad reasonable and wstomary attomeys'fees and eapenses �"`• ,<`�f�=
<br /> � ; proPenY associazed with the fareclosure pmceedin�. Upoa reinstate�nent by Borrower,this Seciuiry Insnument and � '.•.,.r,� ':;.:=._
<br /> .. . tmmediaie payr�t in fiill. •:}:Y,�
<br /> ' ` . � j the obligations thaz it secures sha11 iemain in effect as if Lender had not required � ,
<br /> • :s .Y�.-v-
<br /> • . ? However, Lender is not r e q u i r e d to permit reinstatement if: (i) Lender has acceptefl reinstatement after the ; .k.�_,"
<br /> -" � � :.;:i commencement of foreclosnre praceedings witbin�wo years immediately preceding�he oo�nencement of a current . ,,. �T,�,.
<br /> l .� ;f foreclosuie prooeeding, (u) reinstatement will preclude forectosure on differeat grouads in thc future. or (iii) � ���_�
<br /> , .: `' reu�state�nent an11 adversely affect the prioriry of the lien created by this Securiry Instrument. �_=-
<br /> � 11. Bo�mwer Not Reteased; Forbearance By Lender Not a Waiver. Extension of the time of payment or , s -�,�i;-
<br /> . '� . modification of amorriaation of the sums secured by this Security Instrument�anted by Lender to any successor ia �- ,.
<br /> �� • interest of Bonower shall not operate to cclease the liabiliry of the original Borrower or Borrower's successor in ' "" ' ,.'��.
<br />-�.,. �'.> >nterest.Lender shall not be requir e d to w m w e n c e p m c e e d i a gs a g a i n st an y successor in interest or refuse to extend . �.�_
<br /> ' � .; :, time for payment or otherwise modi f y amonization of the sums secured by tDis Se�urity Insuument bY rea�on of any • ;:_^
<br /> demavd made by the original Bonower or Boaoaer's successors in interest.Any forbcarance by I.endes in exercising . _—_
<br /> >. :�::
<br /> . any ri�ht or remedy shall not be a waiver of or preclude the eaercise of aay right or reme0y. __
<br /> , IZ.Suceessois and Asslg�Bound;Jolnt and Se�+esel Liability;Co-S�gnera.The covenants and agreemenu .
<br /> ea
<br /> ' �r of this Securiry lnstn�ment shall bind and benefit the successors and assigns of Lender and Borrower.subject to the • __
<br />� ',�' ��' • �; provisions of par a g a ph 9(b). Borrower's covenaats and agreements shall be joint aad several. My Borroaer who , , ;'��
<br />'�;�-,�� co-signs this Security Instrument but does not execute the Note: (a)is co-signing this Securiry lnstntment only to �� «• -
<br /> '• mortgage,grant and convey that Borrower's interest in the Properry under the terms of this Secwity lnstnuaent:N)
<br /> � is not personally obligated to pay the sums secured by this Securiry lnstrument; and(c)agees that l..ender and any , �. ;e
<br /> - other Boaower raay agrce to extend, modify.forbear or make any accommodations with regazd to the tem�s of this . .
<br /> � , 4 g�urity�nstrumeiu or the Note without that Borrower's consent. ...
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