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201201294 signiticantly affect Lender's nghts in Hte Property (stich as a procecding in bankniptcy, tor condeinnation or to cnforcc laws or rogulations'), thcn L,cnder may do and pay whatcvcr is r�ecessary to protect the value of thc Property and Lcndcr's rights in thc Property, including payrnent of[axcs, hazard insurance and othet items mentioncd in paragiaph 2. Any amonnts disburscd by l,cndcr under this puragraph shall bccome an additional debt of Bon�ower and bc sccured by this Secarity lushument These amounts shall bear interest from the date ot disbursement, �t thc Note rate, xnd at the option of Lender. shall be immediately due and payable. Borrowcr shall promptly dischargc any licn which has priority ovcr this Security Ins'trmneut unless Borro�vcr, (a)agrecs in�vriting to thc payment of thc obligation sccurcd by thc licn in a manner accep[ablc to Lundcr, (b)confcsts in good f'a[th the licn by, or dcfcnds against cnforccir�ent of thc lien in, Icgal proceedings which in the Lcndci's opinioi� operate to prcvent the enforcemcnt of fhc licn; or(c) sccures tiom thc holder oi thc licn an agreement satisfactory to Lc�der subordinating thc licn to lhis Security lnstrumcnt. If Lender detcrmines thaf any pait of the Property is subjcct to a lien which may attuin priority oaer this Securiry Instniment, Lender muy givc Borrowcr a notice idcnfifying the lien. Borrowcr shall satisfy the Lien or takc one or mom of the actions set forth above�vithio 10 days of the giving of noiicc. 8. Fees.Lender may collect fce�s and chaxges authorized by thc Secretary. 9. Grounds for Acceleration of Debt. (a) Default.Lender may, cxccpt as limited by rcgulalioi�s issucd by the Secrctary, in the case of payment defatdts, require immcdiate payment in foll of all sums sccurcd by this Sccurity Inshumcnt if: (i) Borrowcr dcfaulis by failii�g to pay in full any mouthly paymcnt rcquired by this Sccurity InsRUmcnt prior to or on thc duc date of thc ncxt monthly paymcnt;or (ii) Botrower defatilts by failing, for a period of thiity days, to perform any other obligations contained in this Securitv Instniment. (b) Sale Without Credit Approval.Lendcr shall, if pertnittcd by applicablc law(including Section 34l(d)of thc Garn-SL Gcnnain Depository Institutions Act of 1932, l2 O.S.C. 1701j3(d))a�d with thc prior ap�roval of the Secretary, requirc immediate paymeut in full of all sums;ccurcd by this Sccurity Listrtuncnt if: (i) All or part of the Property, or a beneticial iuterest in a trust owning all or part of Che Property, is sold or o[henvise Iransfeired(othcr Ihan by dcvise ur dcsccnt), aud (ii) Thc Property is i�ot occupicd by the purchaser or grantee as his or her piincipal residcncc,or thc purchascr or grantcc docs so occiipy thc Property but his on c�r crcdit has not bccn approvcd in accordance with thc rcyuircmcnts of thc Sccrctary. (e) No Waiver.If circumstancesoccur that would permit Leuder to require immediate payment in full, but Leiider does uo� require such payments, Lcndcr does not waivc its rights with respec[to subscyuec�t events. (d) Regulationsof HUD Seeretary. hi many circumstaiicesregulaYions issued by the Secretary will limit Lendcr's rights, in ihe casc of paymcnt defaultc,to require immediafc payment in full and forcdosc if not paid. 7his Security Iustrument does not authorize accelcration or foreclosure if not perniitted by regidations of the Secrcrary. (e) Mortgage Not Insured.Borrower agrees that iY this Securiry Instnunent and the Note are not detennined to be eligiblc for insurance u��dcr thc National Housing Acl within 60 days from thc datc hcrcot', Leuder may, at its option, r�uire immediate payment'in full of all su�r�s secured by this __ FHA Moqqaye WITH MERS�NE r°� � Revised 4/96 Amentled�IM VMP O^ � VMP4N(NE)�1105).00 Wolte¢Kluwer Flnancial Service_c Page 5 nt 10 If I I II Iltl I I III I II II I I II I I I IIIII I II I I f I I I I II I I III q03302515371 0233 624 0510