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<br /> _ � (i)All or part of We Property,or a beaeficial interest in a trust owning all or part of the Property,is soW � . � -
<br /> or othecwise aansferred(other than by devise or descent).and � ' �
<br /> � - = , - --_`—,
<br /> . (ii) 'I�e Property is not occupied by the p u r c h a ser obut Wst�or her�credit 6as n o�t�bcent�appmved in E
<br /> ; purchaser or grantee does so accupy the Property
<br /> iaccordance arith the requirements of the Secrecary. • . . _
<br /> � (s)No Waiver.If cir�umstanc�oxur��aould permit Lender to require immediate Payuteat in full, but �
<br /> i Lender dces not requite such payments,Lender does not waive its rights with respeci to subsequent events. . ! . �. ,
<br /> + (�Regu�atioag ot SUD SecreterY. In many circumstances regulations iss�ced by the SecretarY will liffiit �. . • •• __ ._
<br /> '� Lender's rights.in the case of payment defaults, to requue immediate PaYment in f�ill and forecloss if aat �•' ,. '.-A,��,;.�°i
<br /> � paid.This Se�aulry t� �ment does noi authotize accete[ation or foreclosure if uot p e t m itted by regulat�ons � . �`-
<br /> � � of the secretai}+. k . 4....��
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<br /> (e)Mortgsge Not Insum�.Bormwer agrees that if this Security Insuument and the Note are not determiaed I r r�,�_�;,�
<br /> to be eligfble for insvrance under the National Housing Act within 60 days from the date hereof, Leada -�.'� . .:--'_.
<br /> may, at its optio�, tequire immediate Payment in full of all sums secute�by this Securiry Insduanent. A `' .» �� �-`;����-
<br /> ' wcitten statemenc of aay authorized ageat of the Seccetary dated subsequeat to 60 days from the date hereof. .. . •_,� ,���
<br /> = declining to insure tbis Serauity Insuument aud the Note, shall be deemed conclusive proof of such • :- ,,: --
<br /> ' iaeligi'bility. Notavithstanding the foiegoing. this opdon may not be exercised by I.eader arhen the . ,..':�,.T. .����= _
<br /> � � unavailability of insivance is solely due to Ixnder's failure to nmit a mortgage insurance premium to the . ..;�"'� �
<br /> L � 10.IteinsTatemeat. Borrower has a right to be reinstated if Lcuder has required imu►ediate Payment ia fnll r��'
<br /> • failure to a an amount due under the Note or this Securiry Insmvment- This nght aPplies �'"�ij=_
<br /> . because of Borrower s F Y : �-� s�..
<br /> � even aRer foreclosure pmcxedings are instituted. To�einstate the Security inswment, Bo:rower shall tender in a __ r� .. • --..
<br /> J�p sum all amounts required to bring Borrower's account c�tcent including, to the extent th�y ace obligations of � .. ' � . � .
<br /> � go�tower under thi�Security Insuument,foreclosvre costs and reasonable and cuswmary atcomeys'fees and expenses � ,
<br /> ....
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<br /> pmperly associated wlth the foreclosuie psoceeding.Upon reinstatement by Ba:rower.this S�rity Instrument and _:.:._.,... , __ '.:�'_
<br /> immedi,ate payment in fWl. ;�� �
<br /> the obligations thai it secures shall c�emain in effea as if Lender had not required �
<br /> However. I.ender is not required to permit reinstatement if: (i) I.ender has accepted reinstatement after the . _ ;;� ,• ;�,.
<br /> commencement of fomclosure praceedings arithia ta+o yeais immediately preceding the commencement of a cauient .;; . �..,�1 -
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<br /> . li re'�� will reclude foreclosnre on different grounds in the future, or ('ui) �;�. `�`,�,i J��� _ i�
<br /> • foreclosnre proceeding. ( ) + atpment p � __
<br /> reinstatement will adve�sely affect the priority of the lien eceated by this Security I n s t r u m e n t. '• ��;:�
<br /> � 11. BorQOwer 1�Iot Redeased; For6enrance By 1.end� Nat a Wafver. Fxcensioa of the time of paymcot or _-_:�,�_: t,: —
<br /> . modif cation of amo�on of the sums secured by this Sec�urity Instr�ment gzanted hy Lender w�s sucassor in - � �'�
<br /> interest of Borrower shall not operate to retease the liability of the original Borrower or Botro er' ,-�%•.
<br /> � interest.Lender shaU not be reqaired w commence proceedings against any sascessor in inurest ar refuse to extend m�.� =��" --
<br /> ��i,� • >" ,...
<br /> •�s time for�yment or othera+ise modify amortizatioa of the sums seca�red by this Security Insuument by reason of any �,�,�,.�: ���j
<br /> �,:;. demaad m:�e hy the or�ginal Borra�r or Borrower's successo�s ia iaterest.Any forbearance by Lender in exercisin8 ,:�.a.�...�_.-.
<br /> any ri�t or remedy�ITa�1 noi be a waiver of or preclude the esen3se of any right or remedy. '•:
<br /> ' ' 12.3uecessors r�nd Assignv Boundi Joi�and 3everal Llsbility,Co-33gne�s. The covenants aad a�ecmenis .:+ ... . r.:._,.�.
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<br /> of this Security instn:msnt shall bind and beaefic r2�e successors and assigns of Lender and Borrower,subjert to the �j �,•. _ _ _
<br /> `� pmvisions of paragraph 9@).Borrower's coveu�s and agrcements shall be joiat and sevenl. Any Bomower aho •", ,, ,�„� —_
<br /> co-si�s thls Securlty tnam,.+,ent but does not execute ttie Note: (a)is co-signing thia Seturit5► Inso�ument only to ._:'�.�. ':_ �-
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<br /> ' • ; mortgage,gcant and convey that Bormwer's inte�t in the Properry under the terms of this Securiry Instn�ent;@� '°�,--- --
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<br /> �� is nat personally obligated to pay the sums sesur��.d by thia Securiry lnstrument;and(c)agrces that Leader and a�y , . �. ,� � ,: .,�,.-
<br /> � other Bomnwer may agree to extend.modlfy,feabear or make aay accommodatluns with n8ard to the�rrms of this c .���r�'��:..�Y._ ,_
<br /> �� Seauity Insuument ar the Nate without that 8onower's wnsent. s�-:�.'s' . ��`�- � -
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