|
-'-- _ . �.—'_.___---'---"-�- .• . . . . 'a "-..__..._._.__,—.. _.._ . . . . .. . .. ' ' � ..._' �,` : .',... . .t... .t�.
<br /> [ ` l;
<br /> .� t. �c - � - . -—..
<br /> � �Q��,� A � `. . : ����,
<br /> ;� �� .. . . _-
<br /> , (i)All or part of the Property,or a beaeficial interest in a trusc owning all or pa�rt of the Property.�so`!d , , ___
<br /> or otherwise transferced(other than by devise or descent),and • _
<br /> . (ii)The Progerry is not occupied by the purchaser or grantee as his or her principal residence, or the , , , �—
<br /> :j purchaser or grantee does so occupy the Property but his or her credit has not been approved in .
<br />_.._1 accordance with the requirements of[he Secretary. ___ _ _ ._ _
<br /> i (c)No Waiver. If circumstanses occur[hat would permit Lender to require immediate paymenc in iuii,buc �--`-'- � �� __
<br />,. _� Lender does not require such paymenu,l.ender daes not waive its rights wich respect to subsequenc events. • � ''
<br /> ! (d) Yteguiatlons of IHiJD Secretary. In many circumstances regulations usued by the Secrecary wiU limit - ��-� -' - �.-- `
<br /> ' Leader's righu, in tbe case of payment defaults, to require immediate payment in full and fareclase if not . �•"'�"
<br /> ;1 paid. This Security Instrument does not authorize acceleration or foreclosure if not permitted by regulations 4 _
<br /> � of the Secretary. . '_
<br /> (e)Mortgage Noi Insured.IIorrower agrees thac if[his Security Instrument and the Note are not determined :. � " � �:
<br /> to be eligible for insurance under the Nauonal Housing Act within 60 days from the date hereof. Lender . � +��N-�-� `
<br /> may. at iu option, require immediaze payment in full of all sums secured by this Securiry Instnttnenc• A . � . _ -
<br /> " written statement of any authorized agent of the Secretary dated subsequent to 60 days from the date hereof, . .5r.�::4.:�.:�tr�. --_-
<br />' declining to insure this 3ecuriry insuument and the Note, shall be deemed conctusive proof of such • � ;.•:*�=z�.-
<br /> ineligibility. Natwithstanding the foregoing, this option may not be exercised by L.ender when the ��;7
<br /> �.;
<br /> unavailability of insurance is solely due to Lender's failure to remit a mortgage insurance premium to the , ` '
<br /> ' " Secretary. ��.�
<br /> I0. Reinststemeat. Bonower has a right to be reinstated if Lender has required immediate payment in full . • �� �''��-`
<br /> "-�- '�r=- -
<br /> because of Borrower's failure co pay an amount due under the Note or this Securiry Instrumenc. This right applies •' '.:s,e.�.,j�,. - _ �-
<br /> even after foreclosure pmceedings aze instiruced. To reinstate the Security Iastrument, Borrower shall tender in a - `•_ �-"�`'�,,;-.::z: .
<br /> lump sum all amounu requirad to bring Borrower's account current including, to the extent they ue obligations of • '����,f�—
<br /> Borrower under this Securiry Instrument,foreclosure cosu and reasonable and customary attomeys'fees and expenses , �=,s-! •
<br /> �; pmperly associaced with the foreclosure proceeding. Upon reinstatement by Borrower, this Security Inscrument and rr��� . ��:j ;� —
<br /> , af �• 1, . ;:..-.
<br />�� the obligaaons that it secures shall remain in effect as if I.ender had not required immediate payment in futl. ,� r � {�
<br /> • However, Lender 'ts noi required to permit reinstatement if: (i) Lender has accepted reiustatement af[er the -. - -� �.- }{ `�'�--
<br /> commencement of foreclosure proceedings within two yeazs immediately preceding the commencement of a cucrent Y°-!�.��"5�.:
<br /> ��� . ;�
<br /> foreclosure procee�ing, (ii) reinstatement will preclude foreclosure oa differeat grounds in the future. or (iii) -;. �?;.4. �4�.: .--•
<br /> reinstatement will adversely affea the priority of the lien created by this Security Instrument. �,-.• �
<br /> 11. Borrower Not Rdeased; Forbearence By Lender Not a Waiver. Extension of the time of payment or _ '�:}��:� :�
<br /> ' modiHcadon of amortization of the sums secured by this Security Instrument granted by I.ender to any successor in , t� � i
<br /> ' � in[erest of Borrower shall not operate to release the liability of the original Bonower or Borrower's successor in , ,,�f�
<br /> . �,: e
<br /> interest. Lender shall not be required to commence proceedings against any successor in interese or refuse to eatend ` r;�
<br /> - time for payment or othenvise modify amortization of the sums secured by this Security Insuument 6y reason of any " �� .
<br /> demand made by the original Boaower or Borrower's successors in interest.Any forbearance by Lender in exercising ••_r'•�• �'�::�__-
<br /> any right or remedy shall not be a waiver of or preclude tlae exercise of any right or remedy. � ��' �'`"�"`
<br /> 12.Successo�s and Asstgns Bouad;Joim and Several Liability;Co-Stgners.The covenants and ageements %'�� ?` �
<br /> •y�-•�, . ..
<br /> of this Securiry Instrument shall bind and benefit the successo�s and assigns of Lender and Borrower.subject to the '7'��+
<br /> � provisions of paragraph 9(b)• Borrower's wvenants and agre�menu shall be joint and several. My Borrower�Nho '���"�'L-•.��-
<br /> co-signs this 5ecuriry Insmtment but does not execute the Note: (a) is co-signing this Security Instrument only to � �'''�--
<br />. . mortgage,grant and convey that Borrower's intetest in the Property under the terms of this Serurity Instrument; (b) ' • ,'�_
<br /> is not personaily obligatcd to pay the sums secured by this Security Instrument:and(c)agrees that Lender and any ''"'w:�;�5: __
<br /> other Borrower nsay agree to extend,modify, forbear or make any accommodatians with regard to the terms of this _,
<br />� Serurity instrument or the Note without that Borrower's consent. ..r�� �'"�
<br /> _.__,�-��,_,F:�.
<br /> :' =�.� .�.. — _
<br />.. .-•A.Y S �.l'� .`.SLir.r.
<br /> .•.t . � -
<br /> . .�.�.�_--..
<br /> .I. �r` �
<br /> .., �. ..
<br /> " . 041.01 Pege 5 0l 8 IniuN3:� ,,,, � . �
<br /> _ ��{RlNEI ws „�.`° ' .
<br /> � .
<br /> • ,:�..'rtkr..�w':�a�-a =__
<br />' ' . • ' �.-
<br /> . i3:
<br /> � ' �_
<br /> __. � � ' s.
<br /> , . " F".=`.
<br /> i �, � .. . �.v`
<br /> � •--- ---------°—.�_�.._�._.._..__.__.__....,.�..� ..�-�--,r—�--x_-�...,..,�...r...�--"�a............r,x.., , .' .
<br /> . . .�...,..._ , , _ . . . . ._
<br /> � ' � - .��• . - -. . .. . ,• . . . . � . . . . . ... � . .
<br /> . . . . .. _ .. . . . . . .. n�. .
<br /> - , . • : � i> ' � . � - - � - . � - • ' . . .. , . .
<br /> -t, . _ .. . , , . � • � . ,. . - _ ' . • . , � . • . o- .
<br /> , .
<br /> .. � . . �- ... .. -.' .. _ . -
<br /> • .
<br /> . ':�- , J[ - : ... ..� __ .- . , .. - . -� " . , . � . �. � . ... � . .. ,
<br /> ..
<br /> . � . .
<br /> . ' .. .
<br /> . .. . .. ... .. ..... _.i:_.._._,. ... ,,.. .... .. -�. . . 't
<br /> _. ' ' '_ . _ ._ .. . . . _ .-. . . _ .. .?. .. ..-, .. _ . . .
<br />
|