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<br /> :r�""��� (i)All or part of the Propecty.or a beneficial iaterest in a tnut owning all or pazt of the Property.is sold _ ; `
<br /> -`--_-- - or osherwise tras�cferred{athcr than by devise or descsnt),aad }i. --- = -
<br /> . ". � •� (ii)The PropenY is not accupied by the purchaser or graatee ac his or her principal rESidence,or the . . � r
<br /> . - , � purchaser or grantec does so occugy the Property but his or her credit has aot beea appmved ia ,.
<br /> `� ` accordance arith ttte requirements of the Secretary. �` ` �
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<br /> � (c)No�Ualver.If circumstauces oocut thai would permit Leader to reqttite immediarP paymeat in fiill,but � . �`
<br /> I�euder daes not tequire such payments,Lender does aot waive its rights with respect to subsequent ev�nts. . ' � �
<br /> � (�Regqlauong of HUD Secretary.In many curumstances regularions issued by the Secretary w71 limit � ;', f•�
<br />-`1 . ... ' Lender's rights, in the c�ase of payment defaults,to require immediate paYment in fu11 ancl faieclose if not ''�` �� `
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<br /> � , paid.'fhis Security Instmment does not authorize acceleration or foreclosuce if not permitted by tegulations :� ' • _ -___
<br /> . of the Secmary. , . - - -
<br /> ' (e)Mortgage Not Insared.Boaower aSrees that if this SecuTity Insaument and the Note are aot deter�mined - . � "
<br /> `��{� � to be eligiibte for insurance tmder the National Housing Act withia 60 days fmm the date hereof, l.ender :-
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<br /> ` ` ` may, at its option,re4uire i�mediate payment in fuU of all svms seaued by this Secvrity Insuament• A . _..:•�`�,;—
<br /> � � vrritten statement of aay authorezed aSent of the Secretary dated subsequent to 60 days fmm the date hereof, ,._ � _ -
<br /> ��-... :
<br /> - d�J�g � �asme this gecuriry Insunment and the Note, shall be deemed conclusive proof of sucb � � ,*---
<br /> •:.':.: ..: _
<br />.t�� � . ."`'� ineligitsility. Nolwitbstanding the foregoing, this option may not be exercised by Lender when the __"_. :t°_'¢'--
<br /> '} � unavailabiliry of insurance is solely due w Leader's failure to remit a mortgage i++�+,•�„sp premiwn to the ,�
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<br /> ,..v . Secretary. �quired PaYm�t in full �,
<br /> 'ri;! . �� 10.ReiastatQm�t. Borrower has a right to be reiastated if Lender has immediate `•��� : : �••= ''�_
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<br /> .�^•� . _ because of Borrower's fa�ure to gay aa amount due tmder the 1Vote or this SECUritY�nsuument. This right applies .-•..�::._..::;`c�,..
<br /> ' evea aRer foreclosure proceedings are ir►stituted. To reinstate the Securlry Instrumenb Borrower shaIl tender in a ' s_;.-.-.�-
<br /> :. ,�<_—=
<br /> = � lump sum all amounts required to bring Borrower's acconnt cunent including,to the eatent t&ey are obligazions of _ F��;
<br /> :.<�' . Botrower under this S�curity Instrument,foreclosure costs and reasonable and customary aitomeys'fees and exgenses , ', � ,`;�
<br />��'�:.� e�l associated nrish the foreclosure procceding. Upon reinstacement hy Boirower,fhis Securiry Iasaumens and „:_�_
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<br /> . the obligations that it secures shall remain in effect as if Lender had aot required immodiaze payment ia fiill.
<br /> . . . However, Lender is not requir�d to permit reinstatement if: (i) Lender l�as accepted reinstatement atter the . , . .:,���
<br /> `� ' commenccment of foreclosiue procee�ings witbin taro years immediately preceding the commencemeat of a cuacnt ��t�.,
<br /> rri � foreclosure proceeding, Ci) re����t will preclude foreclosure on different grounds in the future, or (ii� • . -
<br />'�;;,;. _ . . . � reinstatemeat wiri adversely affeet the priorlty of tlte liea created by this Seauiry Ipstnimeat. : .,.�'� . ;::�_
<br />�"-; ' ' 11.Borrower Not Reteased;Forbes+rance By Leuder Not a Waiver. Extenvion of the time of paymeat or . ..'��
<br /> ,..m�:_
<br /> ' modificadon of amorti�asioa of tIie sums setured bY this Security lnsuument granted by L�nder w any successor in . "�"`�'.`�:
<br />��`�� • interest of Borrower shall not operate to release the liability of the original Borrower oc Borrower's successor in ' �.�'::_
<br /> ,.:; .. .. ' �-_
<br /> ..t., . interest.Lender shall not be required to commence pmceedin8s a8ainst any successor in interest or refuse to extend • : • �;�rr.
<br />_.�� �_ � time for payment or otherarise modify amort'uation of the sums secured by tlus Sepuity Inst�rrum=ent by re�ason of aay , �;__
<br /> � • demand made by We origu�ai Boaower or Borrower's successors in interes�.Any forbearance by Leader in exercis9ng - —�='`"'
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<br /> ' � : :.� a�r right or remedy sha11 not be a waiver of or preclude che exercise of any right or remsdy. :: ]� _
<br /> � 1Z.Succcesssoss and Assigas Bound;Joint and Seve�aD Liability;Co-Slgaess.The covenants and agmemenu ., ,
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<br /> of this Securiry Inswment shall bind and benefit the successors and assigns of Lender and Boaower,subjea to c�
<br /> .� i �' . '� . provisions of paragraph 9(b). Borrower's covenants and ageements sha�A be joint and several. My Borrower who � . � . � • .
<br /> � � co-signs this Securiry Insuument but does not execute the Note: (a) is co-signing this Security Instn�ment onty to . .
<br /> . � mortgage.grant and convey that Borrower's interest in the Froperty under the terms of this Security Instnunent:(b) . , . .
<br /> � �. is not personally obligated to pay the sums secured by this Securiry Insuument;and(c)agrees that l.ender and azry - .. ..
<br /> - � • other Bortovler may agree to extend.modify, forbear or make any accommodations with regazd to the terms of this
<br /> ;5.:,��. Security Instrument or the Note without that Bonower's consent. , ���• • •
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