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<br /> ' � _ : ';� ' g�° �ce�o� t� '.
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<br /> _- -:�_-.-.�;=.i (i)Alf or part of the Property.or a beneficial interest in a trasc owning all or part of the Property,is sold -- — . --
<br /> � . �j or otheiwise transferred('other tLan by dev'sse or descent).and � _
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<br /> - � (ri)The ProPerry is not oca�ied 6y the puichaser or grantee as his or her principal resideace,or the ` .. ,
<br /> � , *� purchaser or grantee does so occupy the Property but his or her credit has not been appmved in . . .< ,�-,.
<br /> < �- . - -� accordance with the requirements af the�tarS+. -
<br /> �; � require immediate in full.but (` :^.ti.
<br /> , (c)No N►aiver.If c��staac.es oaur th�would permit Leader to PaY� ;�
<br /> - � - L,ender does not rBquue sucb payments,Lender daes not waive its rights wit�►respect w subsequent eoents. ' . _;,,.,�,_.
<br /> . • (�Regafattons of HUID Secretary• In manY cira���°����Y the S�+wili limit f . ,f:r�
<br /> � �� , - Lender's rights,in the case of payment def�ilts,w r�quire immediate PaYment in full and foieclose if nat •,� 4 ',�`.�.
<br /> `' . . paid.'fhis Se�urity �m. t does not suthorize 2ccelerat[on or fo�eClosute if IIot permittsd by tegu�e�ions � " rE� �_—
<br /> �: ,
<br /> - , . of the Secrerary. t and the Note are not determined - _ -
<br /> . <; � (e)Mostgage Not Iagnred.Borrower agrees that if this Sesa�riry Ins�nmen
<br /> sa
<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 a d e r the National Housia g Act a+ithia 60 days frnm the date hereof,Lender _ --
<br /> 3.: ' °. . ' • may, at its optioa, recluire immediaze FaY�nt in fiill of all sunos secured by this Se�vrity Iasuvmea� A
<br /> :�' � • � wriueu statement of any authori�d agent of the Secretary dated subsequent to 60 days from the date hereof. . -- -_-
<br /> _ � � - decl'vring to insvre this Security Insuument and the Note, shall be deemed waclusive pmof of suc6 ,`_
<br /> � • ,;.::, ineligib�7ity. Notwithstanding the foregoing, tivs option may not be e�ccrcised by Leuder when the .. •-
<br /> -.� to the °�T
<br /> • • ' unavailability of insutanse is solely due w Lender's failure to remit a mnrcgage insurance premium �;���
<br /> � � , �. SecretarY• ,".. ��:
<br />,_ _ ._ .. 10.Reinstatement. Borrower has a rigbt to be reinstated if I.ender has required immediate payment in fnU :'•'L�,__
<br /> ' ,,V�� because of Borrower's fa�ure to pay an amount due under the Note or this Security Instrumen� This rigi�t tipplies • R�._
<br /> - _ even after foreclosure praceedin&S are insriwted- To reInstate We Scx�zrity Insuument, Borrower sha11 tender in a ,
<br /> �•� � � '� lnmp sum ail amounts reqwred to bring Borrower's account carr�nt including, to the eaaent th�y are obligadons of , '
<br /> . . Borrower uader this Security Insm�ment,foreclosure costs and reasonable and customary attorneys'fees and expenses ,. -_-
<br />_. . � - ptoperiy agsociated with the foreclosure proceeding. Upon reinstatemeat by Borrower,this Securiry Insnument and -y=
<br /> ' � � the obligations that it secures shaU remain in effect as if Lender 6ad aot required immediate Payment ia full. .f��; . � �,
<br /> However, l�cader is not required ro permit reinstatement if: (i) Lender has accepted reinstatemeat after the. , .:;
<br /> ' � commencement of foreclasure proceedings within two yeazs immediately preceding the commencement of a cumeut '.�=.�.::"
<br /> . � - - forectosiue praceeding, (ii) reinstatement will preclude forectosure on differeat grouads in the future, or (ili) , .J��
<br /> ' �. reinstatement will adversety affecc the prioriry of the lien created by this Security Instn�ment• .;=:.�:.:
<br /> � 11. Borrower Not Released; �corbearaace By Lender Not a Waiver. Fac[ension of the ame of paymeat ar � -.�
<br /> modification of aznonizauon of the sums secured by this Security lnstrument granted by Lender to aay successor in � .":N�.
<br /> , ,:„,
<br /> �, interest of Borrower shail not operate to release the liability of the original Borrower or Borrower's successor� ; _
<br /> � ' ' interest. Lcnder shall not be requircd to commence proceedings against any successas in imerest or refuse to eatend . � .t,.
<br /> : dme for payment or otherwise modify amonization of[he sums secured bY this 3e�vritY Instniraent by reasoa of any � �.
<br /> � • demand made by the originat Borrower or Borrower's successors in interest.Any forbearance by Lender in exerctsing .
<br /> .� �. any right ur remedy sha11 not be a waiver of or preclude the exercise of aay iigt►t or remedy. . .
<br /> • 12.5uccessars and Asslgug Bound;Joint and Sever�l Llabflity; Co-Slgncrs•'i'he co�enanu and agreements
<br /> �
<br /> � � ' of this Security Insmiment shall bind and benefic the successo:s and assigns of l.ender and Borrower,subject to the ��: l�
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<br /> .� provisions of pazagraph 9(b). Borrower's covenants and agreements shall be joint and several. Any Borrower who
<br /> ' co-sigas this Security Instrument but does not execute the Note: (a) is co-signing thts Securiry Iastn�ment oNy to .
<br /> � • mortgage,grant and convey that Boaower's interest in the Property under the terms of this Secudry Instrument;(b) _ •..
<br /> � is not personally obligated to pay the sums secured by this Security Insuument;and(c)agrees that Lender and any .
<br /> � � other Borrower may agee to e�ctend.modify, forbear or make any accommodations witb regard to the temis of this . ,
<br /> • . � � Security instrument or the Note without that$oaower's consent. ,
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