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<br /> (i)All or pan of thc Property,or a bcncfizial intcrest in n ttust orvning all or part of the Property, is sold
<br /> ���,,p,: or otherwise transfcrred(other tlian by devise or descent),and ,
<br /> _ �, (ii) The Propeny is not occupied by ihe puechascr or grantce as his or her principal residence, or thc
<br /> T� purchuser or gr.�ntee does so occupy thc Property but his or her crcdi� hns not been approved in
<br /> accordance with the requirements of the Secretary.
<br /> (c) Na Waiver. If circumstances occur that would permit I.ender to require immediate payment in full, but
<br /> Lender does noc require such payments, Lender does not waive its rights with respect to subsequent events. �:�F�
<br /> (d) Regulations�f HUA Secretary. In many circumstances regulations issued by the Secretary will limit ;_
<br /> Lender's rights, in the case of payment defaul[s, to require immediate payment in fuU and foreclose if not ^ r.-
<br /> � paid. This Security Instrument does not authotize acceleration or foreclosure if not permitted by regula[ions �
<br /> • of thc Sccre[ary. '}--
<br /> (e)Mortgnge Not Insured. Horrower agrces that if this Security instturncnt and thc Nocc are no[ dcicrmined . -
<br /> �f to be eligible for insurance under the Naiional I3ousing Act within 60 days from the date hereof, Lender
<br /> � ' may, at its option, requirc immediatc paymcn[ in full of all sums sccurcd by this S�curi[y Insn•wncnt. A -
<br /> .. `� written statement of any authorized agentof the Secretary dated subsequcnt [��6c� days from the d.uc I�ereuf,
<br /> ° � �� declining ro insure this Seeurity lnstrument at�d the Note, shall be deerneJ conclusive proc�f oT such __.
<br /> � ineligibility. Notwithstanding the foregoing, this option m1y nat bc cxcrciscd by Lunder wh�n thc __
<br /> unavailAbility of insurance is solely due io L.ender's failure to remit a mortgage insurance premium to the ����.
<br /> Secretary. ��
<br /> 10. Relnstatement. Bonower has a right to be reinstated if Lender has required immediate payment in full e�
<br /> because of Bonower's failure to pay an amount due under the Note or this Security Instrumcnt. This rlght applies �
<br /> even after foreclosure procesdings aze instituted.To reinstate the Security lastrumen�, Don•ower shall tender in a
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<br />.• ,: ►ump sum ail amounts requireci ca onng Borrower's ac:wuni cuiicui i�ii:iiiitiu�� iu I�li cnZcTd 2�'icy dIc'uY'illbdii'vli5�i � --
<br /> Bonower under this Secudry Insuument,foreclosure costs and reasonable and cusromary atromeys'fees and expenses `_
<br /> praperly associated with the fureclosure proccecling. Upon reinstatement by Bonower,this Security Ir�strument and
<br /> • the obligations that it secures shall remain in effect as if Lender had not required immediate payment in full.
<br /> ;.y.,,;; , However, Lender is not required to permit reinstatement if: (i) Lender has aacepted reinstatement afrer the
<br /> �r ; commencement of foreclosure proceedings within two years immediately prece�ling the commencement of a current
<br /> __ � foreclosure proceeding. (ii) reinstutement will preclude foreclosure on different grounds in the future, or (iii)
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<br /> reinstntement will adversely affect the priority of the lien created by this Securiry instrument. _
<br /> ,-n�:��.�av� 11. Borrower Not Released; Torbearance Dy Lender Not u Wnlver. Fxtensioa of the time of paymcnt or -
<br /> � , modification of amorttzation of the sums secured by this Security Instrument granted by Lender to any successor in
<br /> "..�;y interest of Borrower shall not operate to release ihe liability of the original Borrower or Borrawer's successor in
<br /> "`"_"•^�• � interest. Lender shall not be required tn commence prceeedings against any successor in interest or refusr tu extcnd
<br />- `�:�n,,: time for payment or othenvise modify amortization of the sums secured by this Securiiy Instrumcnt by rcasun of any =-
<br /> 'r�T�,� demand made by the original Borrawer or Borrower's successors in interest.Any forbearance by Lcnder in exercising _-_
<br />=`-.;,�;,�,,,„� any rtght or remedy shall not be a waiver of or preclude the exercise af any righe or remedy.
<br /> -=�:�� 12. SuceQSSOrs and Asslgns Bound;Joint and Several Llability; Co•Si�ue►:c. The covenants and c��r�cnum,
<br />_�'��:�=��'T� of this Se�utity Instrument shall bind and benefit the successors and assigns of Lender and Borrower,�uh�cci tu�h�
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<br /> `=i�=:;"' provisions of pazagraph 9(b). Rorcower's c:avenants and agreements shall bc j�int and several. Any Borrwvcr who - -
<br /> _�Z�-y;;:',' : co-sigas this Securiry instrument but does not execute the Note: (a) is co-signing this Securiry lnstrument only to _
<br /> -'_'i`::�,';•: mortgage, grant and convey that Borrower's interest in the Propeny undcr the tcrms of this Sec«rity Instrumcnr,(b) °
<br /> - -�'' is not personally obligated to pay the sunts secured by this Security Instrument;and (c) agrees that l.ender and any _.
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<br /> .',,,_,,,.,,,., other Borrower may agree to cxtcnd, madify,farbcaz or make any accommodations with re�azd to the tcrms uf this -
<br /> ,:_ ,'��`;�_ '' Securlty Instrument or the Note without that Borrower's consent. _
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