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<br /> _ '' -_::.-;-Y t' (i)All or part of the Prope�cy.or a benefisial iaterest in a uvst ownin&all ar Qart of che Property.is sold :. . , `<<.
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<br /> or otherwise transferred(ather t�a�by devise or descent).aad
<br /> , . `_ ' __ (ii)T�e PropertY is �at accnPicd bY t�FuT�r or grantee as Eia or her principal residence, or the '_'_ -
<br />=S , pucchazer or g r a ntee does so �ccaPY � �OP�Y � � or hsr credit has not been approved in . ,
<br /> � . . accoTdamce with the requiremeats of ttte Secretary. b� �.
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<br /> . . � (c)No Waives.if cin;umstances oaur that would peimit Lender to require imae�iate Pa�+meat u►full• . , . .
<br /> �_ . . � f- L e�d e r does not r e qnue such payments,I,e�Wer does�t waive its rights with respect to subsequent evenss. �s i�'
<br /> � ' (�LRegWat€ons of HIID Serretary. In ma�y ci�amsrances regulatioas issued bY the Se�etary arill limit .
<br /> ` . • i,ender's rights,in the case of paymeat defaiilts,to tequire immediate payment in full aud forectose if not . -� ..
<br /> yme
<br /> � " � paid.This Se�ritY Instrument does not authosize acceleration ar foretlosuie if not permiued by regulations . - .
<br /> � of the Secretary• ���Note are aot determined � _.-.
<br /> �S' ;�.�' (e)1VlortgageNot Iasured.Borrower agces that if tbis Security ,
<br />: ;°?,� •" . '..�-�� t o b e e l i g i'b l e f o r i n s u r a n c e u n d e r the National Housing Act within 60 days fmm the date hereof, Leuder � �..
<br /> �mmedisie payment in full of all sums se�ured b3+this SeNriry �men L. A . °*� � ••
<br /> 'E .' _ may,at its option, rc9uire� w 60 days from the date heteof, - - �--
<br /> _'. ,: ` � writtea statement of aay a�uhorized agent of the Secretary dated subse4uent -
<br /> declining to iasure this 3eauity Insu�ment and the Note, shall be deemed conctnsive pmof of such -�..;,' ._
<br /> um
<br /> • .� •�` � - ineligibility. Notwithstanding�the foiegoing, this optioa may aot be exercised by I.ender when the _
<br /> - - ''°�� unavailabilitY of insurance is solely due to Lender's failuce to remit a martgage ins�rance Premium to the �. _ _
<br /> .<
<br /> . . :��r Secretary- _ _
<br /> . r 10. Reiastat�en� Borrower has a right to be reinstated if Lender has required immediate payu�eat in full =_..
<br /> t� . . . ,- because of Horrower's failure to pay an amount due under the Note or this Securiry Insaument. '!'his right applies
<br /> * .f. •. . S `f 4 even after foreclos�re pioceedinSs are insd�.To temstate ttie Security Instrument, Borrower shall tender in a --.-. ..
<br /> lump sum all amounts reguired to bring Borrower's account current including,to the extent t6ey are obligations of ` • ,-
<br /> ,; • � :`` ', Borrower ander this Security Instrumeat,foreclosure wsts and reasonable and customary auorneys'fees and expeases .'- ,,��-
<br /> •:..,;: �� ,:' ,�... .
<br /> . • _ P�oper1Y assoctated with the foreclosure pmceeding. Upon reinstatemeat by Borrower,this SerAriry Instniment and . —
<br /> ` roper immediate payment in futl.
<br /> . .. �•�. ..
<br /> -- . . -;�; the obligatlons that it securea shall netnain in effecx as if Lender had nat requi�ed " _—
<br /> � However, Lender is not required to permit reinstatement if: (� Leader has accepted ccinstatemerat after the �_-�
<br /> , . . ,',i commencement of forec2osure proceedings within cwo years immed"eately preceding the commencemeat of a aurent _-
<br /> . foreclosure proceedin8, (ii) reins[atement wiU preclude foreclosare on different grounds in �he future, or (iu�
<br /> .� " reinstasement will adversely affect the prio�iry of the Uen created by this Sec�riry Inswment. =
<br /> .._. .._. . .__ ll. Borrnwer Not Itetea4e�, Forbeseance By Lender Not a Waiver.F.xtensian of the time of payment or •f.•.--.:
<br /> " ' modificazion of amortizatioa of the sums setured by ttus Securiiy 1nstNment granted by Lender to aay successor In •'•-�..-•
<br /> , • • .*�::
<br /> �.. � , ;�+��' interest of Borrower shall not operate to release the liabiliry of the origiaal Borruwer or Borrower's successar in • , �,
<br /> interest. Lender shali not be required to commence proceedings against ar►y successor in interest or refuse to extend _
<br /> '�: �� time for payment or otherwise modify amortizadon of the sums sec,euued by thls Security Insuumeat hy teason of arry .. :. :,;,•:
<br /> °'_ � ` demand made by the origLfat Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising _
<br />-- , ' : any right or remedy shall not be a waiver of or preclude the exercise of any right or reraedy. ,. . -'
<br /> = 12.Sncccssoss and Asst�nv Bound;Joint and 9everal Liability;Co-31gn,ers.The covenants and agreements . '�
<br /> � of this Secariry Instniment shall bind and benefit the successors and assigns of Lender aud Boaower, subject to the . : `,'
<br /> . •��'�; provisions of paragraph 9(6). Borrower's covenants and agreements shall be joint and several. Any Boaawe*who •. ' -;
<br /> � � co-signs this Securicy Instnuaent but does not eaecute We Note:(a) is co-signing this Security Insavment only to � � �
<br /> mortgage,gant and wnvey that Borrower's interest in the Property under the tenns of this Security Instrument;(b} ;, � -
<br /> � is not personally obligated to pay the sum4 secured by this Security Instrau�seut; and(c)agees thac Lender and any • ,
<br /> • other Borrower may agree to extend, modify.forbeaz or make any accommodations witl►regard to the terms of this
<br /> � � ' , � •� Securiry Instrument or the Note without that Boaower's consent. .
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