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<br /> (i)All or part of the Pioperty,ar a benefaciat intesest in a aust owning all or part of�he Property,is sold or ' .
<br /> - o@teawisc uansferred(other than by devise or descent),and � �
<br /> , (a) The Property is noi accupied by the purchaser or grantee as his or her grincipai residence.or the _ _ _ - _
<br /> � .'- - -
<br /> purchas�or grantee does sn occupy the PropeAy but his or her credit has not been approved in accordance • , . .
<br /> witi�the requirements of the SecretarY• ent in fiill,but . • -
<br /> (c)No FVaiver.If c�swnstances occ�r that would pemrit Lzndez ro require immediate FaYm I `
<br /> L.endsr does not require such payments.Lender does nat waive its righu with respect to subssqueut events. ` .. . . _
<br /> (d)ltegulations of HlJD 3ecretary. In many circumstances regularions issued by ihe Secretary will limit . .M1--�- ..
<br /> ' L.eadea's rights,ai the case of payment defaults,w require immediate paymeart in full and foreclose if not paid -
<br /> 'Riis Sea�ity Ynstiument does not authorize accelerarion or foreclosure if not permitted by regulations of the , � "���`:;
<br /> Seaetaiy �, .' � ._��
<br /> (e)Mortgage Not Inswed.Bonovr�agrees that if tt�is Secamty Insaument and the Not�are not detrrmmed co - , .
<br /> • be eligi'ble for insurance under the National Nousing Act within 60 days from ihe date he,reof,Lender may.ai �.F •�X-'�-% �
<br /> its opIIOn, re9use immediats payment in full of all sums secvred by ihis Security Instrument A writtr� � � _ ,-
<br /> statement of any autharized age,nt of the Secretary darcd subsequent to 60 days 5rom the date heaeof,declining . . ' # ��,
<br /> ,� �•�-�--�-
<br /> to ins�uce dus Seianrity Insvument and We Note, shall be deemed conchuive pmof of such ineliS��Y. , , -
<br /> Notavithstandin8 the foregoing, tfis option may not be exercised by L.eud� when the unavailability oi ;.° .
<br /> . , _�_ �.,
<br /> _ insuiance is solely due w L�der's failure tn remit a mortgage insurance pranium to die Secre�y. _ ,;
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<br /> .:-� 10.�iefmstatement Bonower has a right to be re�ated if Lender has required immediatc paymeru in full because ,,, ,�,,�_
<br /> .": of Borrower's fa�ure w pay an smount due undra the Note or this Security Insuument'I�is ri8ht aPPlies evep aftPa -, .!�,.`
<br /> foreclosiue prooeedinSs are insuuite�.To reinstaze ahe Seanrity Instnvment,Horrowea shall tendear in a lump sum all
<br /> •�.;•.
<br /> amounts required tn briag Harmwer's account aurent inciuding,to the e�ctent thaY are obligations of Bouow�undri : .,. , ��-�
<br /> • this Secwdty Insa�umeat, foreclosure oosts and reasonable aad cuswmacY atwmeys' fees and e�cpenses properlY . ��,� �,�. . .
<br /> associated with the foreclosure proceed'u►g. Upon reinstateanent by Borrowea, this Seciuity L�s�ment and the • _ : ;. .
<br /> . . obligations d�at it secures sh�ll rernain in effeci as if I.cadex t�ad not requized immediate paYment in fuU. However. " �:'�.,:,
<br /> Lende�is noL cequim.d tt�permii reinsiaiement if: ()LendE[h3s aCCepLed[e't*.�..��P�++e[ll afier the eoutmeueCatte�i of -.-r,� � `���: .
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<br /> , foreclosiue proceeciinf,s within two years unmediaiely preceding the comrnencement of a c�ent foreclosure ; :-:.., _1� r:
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<br /> , ; p�m 8,(ri) reinstaumeat will preclude forecta�aue on different grounds �the future, or('»i7 reinstatement arill �°a a�= ,''�
<br /> adversety affect the priority of the li�i created by this Sec�uity Insuument �t 1i , _
<br /> • 1L Borrower Not Reieased; Forbearaace By Lender Not a Waiver. Extensian of the time of payment or • -• :;�. .
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<br /> modificatioa of arao�oa of the sums secured by this Seauity Instrume,nt granted by Len dea w any success�r i� .s�¢.�
<br /> � in�est of Borrower shaII not ope�ate to release the liability of the original Borrower or Borrower's successor in mt�est �.M��,�!
<br /> . L.endea shall not be required w cammence Proceedin8s against anY success°r in interest or refiise w extend time for � .; �-
<br /> . payment or otheawise modify arnora�ation of the sums seGUed bY this SecuritY Insmiment by reason of any demand .•;�.-��` i�
<br /> • made hy the original Borrowu or Borrower's successors us intaess.Any forbearance by Lender in eaercising any right ,�`,.,,`^�4.-.
<br /> j' or remedy shall not be a araivea of or preclade the exe�cise of any right or remedy. ���-_
<br /> .: lZ.Saoce�so�s and Asqigns Boand;Jomt and Sever�l Liability;Co-Sigeess.'It►e covenants and a,.�eats of .. �:_,,•.�
<br />� this gec�nriry Insu�nent shall bind and benefit the successo�s and assigns of I.�der and Boirower, subject to the - �
<br /> � � provisions of parag�rap6 9(b).Borr�wer's covca�ants and agreements shall be joint and several. My Hotrowcr who .�..:--..
<br />' co-signs this Seauity Inswment but daes not e�cecute the Note: (a) is co-signing this Scxauity L�strum�t only w �:'-��,`.._��_
<br /> � mongage,g�ant aud wnvey that Boaowa's interest in the Property unda tlie tertns of this Security Instiumenfi(b)is ��,°�,--�P:�--��-��,-��-��
<br /> :, � not pe�sonaUy obligased to pay the sums sec�red by this Security Instrument;and(c)agrees that I.ender and any oth� ��.:,-.,.,,''�'����
<br /> B�awer maY agree w eatend,modif}+.farbear or make any accommodations with regard to the t�ms of this Seciuity -. ' -'��'-: -
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