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<br />- • (i)All or part of the Pmperty.or a heneficial interesc in a uusc owning a11 or part of the PropertY --�- :
<br /> • � � = or otherwise uansferred(other than by devise or descent),� as his or her princiPal residence, or the . .. •_
<br /> . ' • . < ; (ii)'Ihe Proparty is not occvpied by the purchaser or granteE roved ia - �
<br /> � . purchaser or gcantee does so ooa�y the Property but his or her credit has not been aPP 4 .
<br /> - . " accordance with the requirements of the Sec�etary• �mediate Payment��.but '
<br />- ., ` . . (c)No Waiver.If cina�mstai►ces occur ti�at would permit Lender to reqai�e �x to sub ent eventg. � _—
<br /> ;e � : � .. . Lender does not require such payments,Lender does not waive its rights with msP the Secretary w�l limit v
<br /> • . . � � (�Regulatio�of�iiJD Setretar!'.In many circumstaaces regulations issued Y . .
<br /> m full and foreclose if not ,.-` •: ;�:;
<br /> � �'"` L,endEr's rights, in the case of payment defaulu,to require immediate pay�ent� • -
<br /> s' . _ .L;;.
<br />'-• : paid.7bis Secairity lnstrument does not authori�e acoeleratioa or foreclosure if not permiued bY ngulati°n� --
<br /> t , . , ; , ,
<br /> • ; of the Secrerary. �m�t and the Note are not determined
<br /> - ' �°�'> (e)Mortgage YVot Iasaised.Borrower agees that if this Security - .
<br /> '. , � � ;�. to be eligi'ble for insurance under the National Housing Act artthin 60 days fmm the date hereof, Lxnder ----
<br /> ' � :_ , may,at its option.re9uire immedi�PaY�t m full of aU sums secured by this Security Ins�ume�. A � ; �
<br /> E'� written statemeut o f a n y authori�d a gent of the SecretarY dated snbsequent to 60 days from the date heceof, ,_:°i �_�
<br /> _ � .. �`.� declining to insare tLis Security insuument aad the Note, shall be deemed conclusive pr+oof o f s u c 6 -
<br /> �:< • �;.,. not be exercised b D.ender when the �••.�`�-
<br /> . � ,� ineli ili Notaritbstanding the foregoing. this option may Y . .
<br />,.t' , g�• ty, �
<br /> . . unava�ability of insurance is solely due w 1.ender's failure to remit a mortgage insurance Fremium to tfie .'J �'.,,=�
<br />-;�.; . . . Secretary. �quired immediate a t ia full _. .. , _.�
<br /> � � ,� 10. Reinstatemen� Borimwer has a right to be reinstated if Lender has P Y� , —`�:L
<br /> "' because of Borcower's falure to pay an amount due under the Note or this Serurity Insnument• This right applies ;:�--
<br /> f.t; , evea after forectosure proceedin&s are instituted.To reinstate the Securiry Insavment, Borrower shall tender in a --_
<br /> ' .5.
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