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�o��a�� banlwptcy, for condemnation or to enforce laws or reguladons), then Lender may do and pay whatever is necessary to protect the value of the Property and Lender's rights in the Property, including payment of taxes, hazard �n��*�nce and other items mentioned in Paragraph 2. To protect Lender's security in the Property, Lender shall advance and charge to Borrower all amounts due to the Secretary for the Mortgage Insurance Premium as defined in the Loan Agreement as well as all sums due to the loan servicer for servicing activities as defined in the Loan Agreement. Any amounts disb�rsed by Lender under this Paragraph shall become an additional debt of Boirower as provided for in the Loan Agreement and shall Ue secured by this Security Instrument. 6. Inspection. Lender or its agent may enter on, inspect or make appraisals of the Properiy in a reasonable manner and at reasonable times provided that Lender shall give the Boaower notice prior to any inspection or appraisal specifying a purpose for the inspection or appraisal which must be related to I,ender's interest in the Properry. If the Property is vacant or abandoned or the loan is in default, Lender may take reasonable action to protect and preserve such vacant or abandoned Property without notice to the Borrower. 7. Condemnation. The pmcceds of any awazd or claitn for damages, direct or consequenrial, in connection with any condemnadon, or other taking of any part of the Property, or for conveyance in place of condemnation shall be paid to Lender. The proceeds shall be applied first to the reduction of any indebtedness undet a Second Note and Second Security Inshument held by the Secretary on the Property, and then to the reduction of the indebtedness under the Note and this Security Instrument Any excess proceeds over an amount required to pay all outstanding indebtedness under the Note and this Security Instrument shall be paid to the entity legally endtled thereto. 8. Fees. L.ender may collect fees and charges authorized by the Secretary. 9. Grounds forAcceleration of Debt (a) Due and Payable. Lender may require immediate payment-in-full of all sums secured by this Secttt Instrument if: (i) A Borrower dies and the Properiy is not the principal residence of at least one surviving Borrower; or (ri) All of a Borrower's tiUe in the Properry (or his or her beneficial interest in a trust owning all or part of the Property) is sold or otherwise transferred and no other Borrower retains tiUe to the Properly in fee simple or retains a leasehold under a lease for not less than 99 years wlrich is renewable or a lease having a remaining period of not less then 50 years beyond the date of the l 00th birthday of the youngest Borrower or retains a life estate (or retaining a beneficial interest in a trust with such an interest in the Property). (b) Due and Payable with Secretary Approval. Lender may require immediate payment-in-full of all sums secured by this Security Instrument, upon approval of the Secretary, iF (i) The Property ceases to be the principal residence of a Borrower for reasons other than death and the Property is not the principal residence of at least one other Borrower; or (ri) For a period of longer than 12 consecutive months, a Borrower fails to occupy the Properry because of physical or mental illness and the Properry is not the principal residence of at least one other Borrower; or (iri) An obligation of the Borrower under this Security Instrument is not performed (c) Notice to Lender. Borrower shall notify Lender whenever any of the events listed in this Paragraph 9 (a)(ii) and (b) occur. (d) No6ce to Secretary and Borrower. Lender shall notify the Secretary and Borrower whenever the loan becomes due and payable under Paragraph 9(a)(ii) and (b). Lender shall not have the right to commence forecloswe until Borrower has had 30 days after nodce to either: (i) Cotrect the matter which resulted in the Security Instrument coming due and payable; or (ii) Pay the balance in full; or (iii) Sell the Property for the lesser ofthe balance or 95% ofthe appraised value and apply the net proceeds of the sale towazd the balance; or (iv) Provide the Lender with a deed-in-lieu of forecloswe. (e)1Yusts. Conveyance of a Borrower's interest in the Property to a trast which meets the requirements of the Secretary, or conveyance of a trusYs interests in the Property to a Borrower, Pege 3 of 8 F�CM Fir� Deed Of Tnut