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. . <. . [. }. ' . .. . � � . ' . . -` ' " ' . s • - - .� ' __ � . . . ��. . ,. ---. <br /> .. � . �.. . a , . . • • .. " _ ' . - . ' . . .. . ' , , . � . . . . . . _ �.,�.:. <br /> . �- . �. . . -- .. - -'._ . .. _-�_ _. . <br /> � . -. -- .. . - �. .. � ` . , . . . . , ' � � . � ' � �_ � . _' ° .. . �-- --- <br /> . � . . . . ._.-__. <br /> � x - - <br />�• ,�. � . ., . ' -- -. . . .._.__ ....__ .._. . , . . .._.. ......�._ --- _ <br /> -' ' -.-- - . _ __—.._ . . . . -- --- - — <br /> . , �: . . <br />. T. - - �... _ .-. . - --. ....�� . . - -,- , _ <br /> ,. _- ._. .. -.-�...-'--- - . --- -- - � - <br /> �.__ . . <br /> -, . . . . . ....--'-"'-•— - - . . . . - . �` <br /> ' �_ ._. . _.. ... .. ..... . . . � . _ • `, °�vi�s,�.. <br /> � . ` <br /> I . . � ,' ' . ` '*�� <br /> � �7� �17���� F . , . ' ' . ..���-- <br /> ,�i[_- <br /> � `. <br /> ' ;i �.� . . ��=+RMl� <br /> .4i � ` , " . -.. <br /> (i)All or part of the Property,or a beneficial interest in a tnist owning all or part of the Property,is sold <br /> or otherwise transferred(other than by devise or descent),and � _ , _ <br /> :.�. �� <br /> (ii)The Progerty is not occupied by the purchaser or grantee as his or her principal residence,or the •� ''� "�---�`� �` <br />. purchaser or grantee does so occupy the PropenY but his or her credit has not been approved in � ..�,�.�-�,.,�:_: <br /> •. accordance wi[h the requirements of the Secretary. , '; �::�� <br /> `� � (c)1�Io Waiver.If ci�umstanc.es occur that would permit Lender to require immediate payment in fiil1, but �j�:� <br /> � Leader dues not require such paymenu,L.ender does not waive iu rights vrith respect to subsequent events. ��" �: . _ <br /> .,; �. ,.f . <br /> (� RegoilatIons of H[JD Secreifuy. In many circumstances regulations issued by the Secretary witl limit _ _-- '�� .:__- - <br /> '. Lender's rights. in the case of payment defaults.to iequire immediate payment in fu11 and foreciose if not - -:,:� <br /> ' paid.This Securiry Instrument dces not authorize acceleration or foieclosure if not petmitted by ragulations .•,y,�"�"� <br /> � of the Secretary. �`�. <br /> y� <br /> (e)Mortgage Nnt Iasured.Borrower agrces that if thi5 Security Instrument and the Note ue not detetmined „�,•9 - <br /> to be eligible for insurance under the National Housing Act within 60 days from the date hereof, Leader � �;,,s,.,�-�:._�,_- <br /> � may, at iu oprion. require immediaze payment in full of all sums secured by this Security Inscrument. A .���._ <br /> written statement of any authorized agent of[he Secretary dated subsequent to 60 dats from the date hereof, ' s�wi� <br /> � declining to insure this Securit5+ InstrumEnt and the Note, shall be deemsd conclusive proof of such � �-��''� <br /> �--�.;_=— <br /> ineligibility. Notwiihstanding the foregoing, this opuoa may not be exercised by l.ender when the ;-���-�=-` = <br /> unavailability of insurance is solety due to Lender's failure to remit a mortgage insurance premium to the ��?`� � <br /> • E��; <br /> � �re� :��r�Y— <br /> 10. Reinstatemeni. Borrower has a right to be reinstated if I.ender has required immediate payment in fu11 -�• e=- <br /> ,;� � <br /> because of Borrower's failure to pay an amount due under the Note or this Securiry Inswment. Tfus right applies . •.:, ' '�t <br /> - even after foreclosure proceedings are instituted. To reinstate che Secur'sry Irstrument, Borrower shall tender in a �':,;�._�— <br /> lump sum all amounu required to bring Borrower's account cunent including, to the extent they are obligations of '" <br /> Borrower under this Security Inswment,foreclosure cosu aud reasonable and c�stomary atterneys'fees and expenses ��:�� ;� - <br /> pmperly associated with the foreclosure proceeding. Upon reinstatement by Borrower, this Security Instrument and Y �:�� <br /> .:,. : <br /> d�e obligations that it secures shall cemaia in effect as if Lender had not iequired immediate payment in fiill. ��..? � <br /> � � However, Lender is not require3 co permit reinstatement if: (i) Lender has accepted reinstateuz�s after the � : � <br /> wmmencement of foreclosure proceedings within two years immediately preceding the commeasement of a current r '; a�' <br /> f o r e t l o s�r e p r a c e e d i n g, (i i) r e i n s t a t e m e n t w i l l p r e c l u d e f o r e c l o s u r e on different g r ounds in the future, or (iii) <br /> - �-,::� ;, � •; � <br />• reinstatement will adversely affect the priority of the lien created by[his Securiry Instnuaent. #� ;;. .� <br /> II 1. Borrower Not Released; Forbearance By Lender 1�Ic:a Waiver. Eatension of the time of payment or = �f: <br /> modificarion of amonizatioa of the suffis secured by tIus Security Insuumem b�ranted by Lender co any s�ccessor in � .� ' ��R��:� <br /> interest of Borrower sh a l l not operate to re lease t he l i a b ili ry o t't h e o ri g i n a l B o n o w e r o r B o r r o w e r's s u c c e s s o r i n ' { �_ <br /> ' interest. Lender shall not be required to cosnmence proceedings aaainct any successor in interest or cefuse to extend _ .- -�?'�a�_, <br /> time for payment ar otherwise modify amoni7ation of the sums sec�red by this Security Instn�ent by reason of aay .;��f' <br /> „_- <br /> demand made by the original Borrower or Bonower's successors ia interest.Any forhearance by Lender in exencising ?• . <br /> � , any right or remedy shall not be a waiver of or preclude the eaercise of any right or remedy. . •,�.,,.�� <br /> 12.Succ�sors end Asslgns Bound:Joint aud 5evetal Llab�ity; Co-Signeis. The covenants and agreements ,_.�.,-__��►��-°°- <br /> �, of this Security Instnunent shall bind and benefit the sucxessors aad assigns of Lender and Borrower.subject to the �1•_�_ -- <br /> provisions of paragraph 9(b). Borrower's covenants and agreemenu shall be joint aad several. Any Borrower who �``'�"��=- _ <br /> ' co.signs this Security Insuament but does not execute the Note: (a)is co-signing this Securiry Inscrument only to •:,�"` = - . __ <br /> un �;,.9_ ° <br /> :,._ <br /> � ' mortgage,grant and convcy that Borrower's interest in the Propecty under the terms of tlris Security Iastrument:(b) .s � �- <br />. • is not personally obligated to pay the sums secured by this Security lnstniment;and(c)agrees that l.eader and aay • �='' °-�-��r:...=: <br /> • � � other Boaower may agree to extend, modify,forbear or make any accommodations with regazd to the terms of this � �':: --._ <br /> ... . . �:��-•. <br /> � . S e t u r i ty I n s m i m e n t o r t h e N o t e w i t L o u t t h a t B orrower's consent. � .. �'°��. <br /> :� <br /> . ::�,�:t..�*�. .,,,,�. <br /> :.�° --�: . .._ <br /> +Tn':r�,....Yf.;�. <br /> . . ��7 . + • ,''a.. <br /> � . �47t��NE�196041.Ot �apo 5 ot 8 �nnab:� • , - . � . <br /> �i + �— <br /> � . <br /> . � .1. . .—__ <br /> � • <br /> . ��, <br /> .. � <br /> . � • • <br /> �� __ .��.�; . • �,.- <br /> � .. "" . . . ' '.:..—_ . . ' " ... ._._�. -• . ..�. .. - .♦ ' � _ ' . .. { <br /> . - • •. ' - . - , • � . . . .. . .�, . <br /> • � • ' � _ . . - - ' . . _' . ' . : ' . 4 � � �. <br /> � � ' - ' � . � • . ' •• � - . - ' - ' � � � <br /> . ' . � ..� - : - . . � _ ' . . � . , _ <br />. ' . - � . . , . . , '� . -.- <br /> , , . <br /> - ' � . � ,• . - . .. � . ' ' .. � _.. ..�_ ' .. �� �._..-.—_ ' 1�-—���. <br /> _ _ ����1r��� '' . . ' • . . . . . _ . _ . <br /> _ —_— . .. �. � � . . . _ ' ...• • . • ' " - - `. . �S. . � . ' . . . . . <br /> . � : .. . . 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