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<br /> -.-,_--�w_�_._ (�j pg or part of the Froperty,or a baieficial intetest in a trnst owning all or part of the Property>is sold � -_.� -:,_- -
<br />. . . �=� or othen�ise hansfetred(o t her t h a n b y d evise or d e s c e n t).a n d ` ` ���-
<br />_ �,:� (u7 Thc prpperty is not occupied by the puishaser or granEee as dis or her principal residence.or the
<br /> ' .t pn�haser or grantee daes so aceupy the Pcaperty but his or her credit has not been approved in `. . '�.
<br /> c �� `� a�ordance with the requirements of the Sectetary. �. � . .
<br /> . ' ' �'.:..; (c)No Waiv�.If cina�mstances ac�au that would permit Lender to requue imrrL�;Are payment in full,but
<br /> . . . I�nder daes not require such payments,L�ader does not waive its rights with respect to subsequent events. `: °._-- ��-
<br /> . (� Re�n[a4�ons o�H[JD Secr+�ary In manY cu�regnlations issued by the Secretary mU limit •: �;-;;'r:;_:.�_`=-
<br /> : - � �.t';: Lender's rights,in the case of payment defaults.to reqnue immed'eate payment in full and foreclose if not ;...�%•�.
<br /> . , . � . � paid This Securiry Enstrument does not authorize acceteratian or foreciosute if not permiued by regulations .•..S =-
<br /> ' of the Sec�etary. - ,—-
<br /> (e)Murtgage Nat Iasared.Borrowet agrees that if i6is SeCUCitS+inctr�.ment�d the Noie a�e noi determined
<br /> �: • to be eiigible for insnr�cc mnder the National Housing Act withia 60 days from the date hereof, Leader r�, --
<br /> , . may.at iu option, require irn�d�ate Pa5'ment in faU of all sums secured by this Security Instrument. A � '.�,
<br /> • �.,;.;�1,.�: wriuen staze�of airy authorized ageat of the Secsetary dated subsequeat to GO days&om the date hereof, :, � � -_._-_�
<br /> . � �J� declining w insure this Security insorument and the Note, shall be deemed conclusive pmof of suc6 _ ` �;�:
<br /> �;.;,: ineligib�ity. Notwithstanding the foregoing, this option may not be exercised by L.ender when the ' .` ��%�`�
<br /> ; •.; unavailability of insurancc is solely due to Lender's faiture to remit a mortgage insurance premium to the ,:..t . .�l�.�.,
<br /> • ' , S�� if I.ender has reqnired immediate payment in fWl `��'s '-:
<br /> - . . t,:. : 10. Reiustat�en� Borrower has a rtght to be reinsated , ,���;
<br /> b�ue of Borrower's failure to pay an amount due under the Note or this Security Insaument. This right applies
<br /> - proceedings are insdtuted. To reinstate the Secarity Instrument, �`.
<br /> �� Borrower shaU tender in a , . � ����-�_�;
<br />_ � evea after foreclvsare . ,.z:��.—:
<br />. ° . . � �`:��•• lump sum aU amounts�required to bring Borrower's account current including,to the cxtent they are obligations of � ,: :�;�:,`.
<br /> Borrower uuder this Security Insuument,forerlosure costs aud reasonabte and c�stomary attameys'fees and expenses . `;���::
<br /> ' � , pmpeily associated witb the foreclos�ue p:viceeding. Upon reinstatetnent by Bormwer,this 5ecurity Insuument and I';.,;;:"'"A`
<br /> � ' the obligarions that Yt secures shall remain in effect es if Lender 6ad not required immediate payment in full. , . .-'���--•
<br /> � • However. I.ender is not required to perarit reinstatement iI: (i) Lender 8as accepted reinstatelnent after the '��
<br /> � . �� commencement of forectosure proceedings within two years immediately preced�ng the eommeacement of a cunent ��'..,�.�R—�
<br /> - - - � - foreclosure pmceeding, (u) reinstatement wi11 preclude foreclosure on different grounds in the future, or (iii) _ _.__ _
<br /> � reinstatement wi11 adverstly affecc the priority of the lien created by tfus Security Instrument. • , -. :�
<br /> � ' � lt. Borrowex Not Iteteased;Forbearauce By Leuder Not a Waiver. Factension of the time of payment or • . �
<br /> � ' modification of amortizatlon of the sums secured by this Secutiry Instrument grauted by Lender to any successor In 4 '. '''��"�'
<br /> inteiest of Borrower shall not operate to release che liability of the origiaal Borrower or Bonower's successor ia ' ����
<br /> . � interest. Lender shall not be required to commeace praceedings agaiast aay succes�or ia interest or refase to eacend -. -----=-_
<br /> •� time for paymeat or otherwise modify amortlzadon of the sums secured by this Security Instn�ment by reason of aay • �.
<br /> . � � demand made by the original Borrower or Bonower's successors 9n interest.Ar►y forbearance by Ixnder in exercising _. -,�,,,
<br /> ' . •• any rlght or remedy shall not be a waiver of or preclude the exercise of azry right or remedy. r, . " ?�
<br /> 12.Successois and Assigns Sound;dofnt and Several Lia611ity;Co-Slgnera. The covenants and agreements - --
<br /> �'� � � • .;•, of this 5�ty Insuument shall bind and benefit the succe�sors and assigns of Lender and Borrower.subject to the � ,,, '�� ,
<br /> '�`� • . � pmvisioas of paragraph 9(b). Bonower's wvenants and agreements shall be joint aad several. Any Borrower who �'.f;;'�. ,�
<br /> ' casigns this Security Instrument but does not execute the Note: (a) is co-sir�ing t his Securi ry I n s u u m e n t o n l y t o ,
<br /> � ' mortgage,graat and convey that Boaower's interest in the Properry under the terms of this Security Insmiment; (b) . :.. � .
<br /> . .� is not personally obligated to pay the sums secured by this Securiry Instrument;and (c)agrees that Lender and any .
<br /> � •. � � other Bonower may agree to extend. modify,forbear or make any accommodations with regard to the terms of this ,
<br />, • � Security lnsmiment or the Note without that Boaower's consent.
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