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<br /> . (i)All or pan of the Property,or a beneficial interest in a tmst o�vning all or part of the Property, is sold + � - ;, ,.__'.
<br /> - or oiherwisr uansferred(other than by devise or descent),and ; • • ., •
<br /> ' (ii)The Properry is not occupied by the punhaser or giantee as his or her principal residence, or the , ,.._,,°
<br /> , purchaser or grantee does so occupy the Property but his or her esedit has not been apgroved in ; __. _�.�-_.:_,,._�__
<br /> ' accordance with the requirements of the 3ecretary. E ` • ;'�`�
<br /> {c)No Waiver.If circumstances occur that woWd permit I.ender to require immediate payment in full. but .. '�-,�. i
<br /> � Lender does not�uire sucli payments.Len der does not waive i t s ri g h t s w i t h r e s�e c t t o s u b s e q u e n t e v e n a s. _ �..___-'�-- r_
<br /> (d� Begolatto�s of HOD Secretary.In many circumstances regulatians issued by the Secretary will limit .
<br /> � Lender's rights,in the case of payment defaults,to require immediate PaYment in full a�d foreclose if not . �•-.,r _ �`��'w.
<br /> paid. This Security 1nst�ment does not authorize acxeleratioa or foreclosvre if not permitted by regulations , .. �v�t.____
<br /> of the Serretary. , . , .�_°.-
<br /> (e)Mortgage No3�nsared.Borroc�+er agce�s that if this Sec,uritY Instrument and the Note are not determin e d ; t��
<br /> < to be eligible for insu:ance under the National Housing Act within 60 days irom the date hereof. I.ender . • -�
<br /> ,t may, ai its option, require immediate PaYment ia fiil! of all �vms seivred by this Security►��*�+�*•+s*�t.A :, `�``�""�.
<br /> •����'--.->�
<br /> = wriaen statement of aay authorized agent of the Secretary dated subsequent to 60 days from the date heieof, ����,
<br /> � d��$ � inavre this gecurity Insuument and the Note, shall be deemed conclusive proof of such - ��
<br /> � i � • '��.—
<br /> ;; ineligibi7"ity. Notwithstanding the foregoing, this option may not he exercised by Lender when the �. `��
<br />. �, unavailability of insurance is satety due to Lender's failure w remit a mongage insurance premiwn to the ..:: �:_:.6, '�_�.
<br /> '. SecretazY• <;__:� ��.
<br /> .�� � � nt in full -�_�
<br /> 10.Rei*icrgt�..+ � Borrower has a ri w be reinstated if Lender has re�uired immediate payme
<br /> �` because of Boirower's failure w pay an amount due under the Note or this Secarity Instrument. This right applies ' :1 _
<br /> .'• even after foreclosure pmceedings are instiwted. To reinstate the Security Insn�aent, Borrower shall tender in a . . .
<br /> ..�� --
<br />. � lump sum all amounts reqnired w bting Bozcower's account cun+ent including,to the eatent they an obligations of - -,� '_ �::�
<br /> '.,i $p�pW�f lIII$CT tWS Sp.�iliit}�in ,.�+ t,foreclosure costs and reasnnable and customary attorneys'fees and expenses �
<br />' � P�P�ZY associated with the foreclosure praceeding. Upon reinstatement by Borrower,this Security Insmiment� �'<y�� `�: ;�..
<br /> the obligations that it secures shall remain ia effect as if Lender had not required immediate paYmen . .;.g;�_: • :•?rf.�•:
<br /> � However, L.ender is not n.quired to.permit reinstatement if: (i) Lender has accepted reinstatement after the . ,�� '{ _
<br /> commencement of foreclosiue pmc�din8s within ta+o years immediately precedi��the commenoemenL of a current _ .._ ,1' ,..
<br /> ; foreclosure proceeding, (ii) reinstate��t will pretlude foreclosure on differeat grounds in th� fuaue. �r (rii) �:.� : •
<br /> reinstatement wIll adveisely affe�t the priority of the lien creaied by this Security Insaumeni• %'
<br /> il. Borrower Nos Released; Forbesiance By I.ead�er Not a Waiver. F.xtension of the rime of payment or ':�.:: ,E 1, ,•
<br /> n t �b I,e n d e r w an y successor in _ �;�'
<br /> madificazion of amorti�ation of the sums scrured by this Sewnry Instrume g� Y �•�-•-. -
<br /> interest of Borrower shall not operate to release the liability of the original Bcisower or Borrower's successor in � '`=�.--
<br /> '�s`'' � '_
<br /> .. iaterest.Leader shall not be required to commence proceedings against any succ�ssor in interest or rcfuse to esteBd , .�z �
<br /> t�me for payment or othecwise modify amorti�ation of the sums secured by this Securiry Insaument by reason of anyr
<br /> demaad made by the original Borrower or Boirower's successors in interesc.Any forbearance by I.ender in eaercising - •
<br /> any right or remedy sha11 aot be a waiver of or preclude the exercise of any right or remedy. '�-'�°'�.�.
<br /> � 12.Successssois and Asctgos Bound;doiat and SSeveral Llabiuty,Co-Slgners.The covenants aad agceements
<br /> �
<br /> o g° _
<br /> og�hia Se�airy lnstrument shaU bind and benefit the successois and assigns of Lender and Bonower,subject w the '�'—'__
<br /> pmvisions of paragaph 9(b). Borrower's covenants and agreements shaU be joint and several. Any Borrower who j'`; -
<br /> co-signs this Se�urity Insnumeni but does not execute the Note: (a)is co-signing this Security Insuumtnt only to t ��' ^---�
<br /> mortgage,grant and convey that Bosower's interest in the Property under the tetms of this Sewrity Instrument;N) •._���.- =
<br /> is not petsonally obligated to pay the sums secured by�his Security Insm�ment;and(c)agrees thaz Lender and anY �.-,,.�.,. �
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<br /> OthCT$6tIOWEi m3}7 8$i�2fl C7UCII4�lIlOfl1l}r�IOIOCSI OT IDd[C iflty uLwiuutvuattvau RiL�a�.'��u�.w^ - —_.:v�ai•pf� _
<br /> � Security Inswment or the Note without that Bo:rower's consent. :�;�;�r:-_ ..
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