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<br /> �� (i)All or pa�4 of tha Prope�ty,or a beneficial inteaest in a trust owning all or part of the Property,is sold or w r _ _
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<br /> otbeiwise tr�sfemd(othea than by devise or descent),and �
<br /> (n� 'Ihe Propeity is not occupied by the purchaser or grantee as his or her prinapal residence. or the � , . �=
<br /> purchaser or grantee does so axapy the Property but his or her credit has not been approved in accordance j, • _ _ .
<br /> • with the requirements of the Sec�etary. � . , .�;�
<br /> (c)No Waiver.ff ciraunstances oxur that would petmit Lender to requue immediate payment in full,but { < . . `�.'.-.��-------
<br /> Lender does not requffe such paymeats,l�mder does not waive its rights with respect to sui�sequent events. ! .�.y"`��°_
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<br /> (d) Regulations ot HUD Secretar9. 1n many c�cumstances regulatioas issued by the Seaetary will limit .• . . +v�::u;
<br /> L.eader's rights,in the case of payment defaults�to req�ire immediate pal+ment ui full and foteclose if not paid. �, ..,;,�„:�_. :
<br /> 'Ihis Sec�uity Instrument does not authorize acceleratinn or foreclosure if noi pamiued by reg�ilatens of the '-��-_--
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<br /> � (e)Mortgage Not Insure�.Bormwer agrees that if this Setauity Insnrument and the Note are not determined tn ;�•,
<br /> be eligble far insurance under We Narional Hovsing Act within 60 days fmm the daie 6e,re�f,I..ender may.at • ' . '�
<br /> ' its option, recluire immed�ate PaYmeat in full of aIl sums secureQ by this Security Instrament A wriuEn � " �1
<br /> statemenr.of any authorized agent of the Secretary dated subsequeut to 60 days from t�►e date hereaf,declining � � _ �� '
<br /> to insnre this Security Ins�ument and the Note, shall be deemed cQn c lusive proo f a f suc h me t i g i b�7 i ty- . '�-�`;�`� r���
<br /> �; N�twithstand'mg the foregoing, this option may not be exercised by Lender when the nnavailabiliry of J�F —
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<br /> �, msiaance is solely due to Lender's fa�ure to remit a mortgage insurance piemium to the Secretary. . . ..; ..,
<br /> 10.Rem.�tatemen�Bormwet has a righi to be reinstated if I.endea has requaed'unmediate paymeait in full becanse •'b�.��
<br /> of Bonower's failure m pay an amount d ne on dea t d e N o t e o r t h i s S e c�u i t y I n s a v m e n t T h i s ri g h t a p p l i e s ev e a a ftsr
<br /> forectosvre proceedings are instituted To reinstate the Security lnswment,Borrowea shall tend� in a lump swn aU =- - -';�,.��,-_
<br /> amounts req�ired tn bring Borrower's accaimt curreut including,to the extent they are obligations of Borrower under ; �..:-
<br /> this SeGUity Instrument, fareclostue costs and reasonable and customary atoomeys' fees and expenses P�P�Y '''Y•��.`� �`'�
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<br /> a�ociated wiih the fa�ectostue pmceeding. U�� r�instatEraent by Horrower, this Security Ynsuumeat and the •�., ,;.
<br /> obligations that it secures shall remai� in effe�t as if I.ender had not regu�immediate payment in f�fll.Iiowever, :�s�`.".�`-�
<br /> Leudea is not reqnired tn pearmit reinstatement if: (7 Lender has accepted reinstatement after the comm�.xmenc of
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<br /> foreclos�re proceedmgs within two years immediaeely prer.�i,��g the commea�cement of a current foreclosvre ,�r f.
<br /> - ; Proceeding,(ii)ceinstasement will preciade fareclosure on diff�t grounds in the fnt�re,or(rii) reinstatement wiU .._ b
<br /> _ adveasely affect the pri�r,y of the lieu created by this Se�auity Insbnunent ..: w�1:- _ � - -
<br /> 11. Borrawer Noi Reteased;Forbearance By Lender Not a Waiver.�sion of th�wne of payment ar �--=
<br /> � modi5c�tion of amo�on of the sums secund by this Securiry Instnunent gaauted by Lender to any successor in ��%��-
<br /> �� interest of Bomuwer shall not aperaie to release ihe liab�7ity of the ori�at Borrowea or Borrower's suceessor ia interest •' .�.' �'�� �!�
<br /> ,- Lender sl�all not be required to commence proceedings agsinst any successor in mterest or refuse to extend time for -".•,•�`��,_
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<br /> payment or otheawise modify amorGr�IIon of the swns seanred by this Ses�uity Instmment by reason of any dea�and •� '�°--
<br /> made by the original Boaowea or Borrower's successors in interest.Any forbearance by Lender in eaacising any right . '�'`_"'�'.
<br /> ar cemedy shall not be a waivea of or preclude the exeacise of any rigdt or remedy. �.�;.��-:., '"°`�,
<br /> � 12.Snccesors aad Assigiass Bound;Joint and Several LiaS�ity;Co-Signers.'Itie covenants and ageements of �-�e-•-_,_� _
<br /> this Security Instiumeat shall bind and benefit the successo:s� as�igns of I.ender and Borrower, subject to the � �a"`=�-
<br /> grovisions of paiagrapb 9(b). Bormwer's covenants and a�eem�nts shall be joint and seveaal.Any Bonower who ', �T ` ��-
<br /> co-signs tLis Securiry Instrument but does not eaecute the Note: (a) is co-�3n�ng this Security Iastruma►t only tn �����'�`�-"
<br /> mortgage.�ant and ce�vey that Borrowea's inteaest in the Property under the terms of this Se�usity Inswmeni;(b)is � ��
<br /> not p�sonally obligated to pay the su_.^►s secured by this Security Instrument;and(c)agrces ihat Lrender and any other �� �"`'
<br /> Borrower may agree to extend,modi�y.fo�bear or make any acoommodarions with regard to the teaams of this Securi}� �-r�- �°�/� ""'•`
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<br /> Insuument or the Note without that Brnrower's consent • .;.':,�;:;.� ' ' �
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