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201205311 aignificantly affect Lender's rights in tha PruPeriY (auch as a proceeding in bankruptcy, for condemnation or to enforce laws or regulations), then Lender may do and pay whatever is necessazy to protect the value of the Properiy and Lender' s rights in the Property, including payment of taxes, ha�rd insurance and other items mentioned in paragraph 2. Any �un� disbursed by Lender under this paragraph shall become an additional debt of Borrower and be se�ured by this Sacurity Instnmdent. These amount� shall bear interest from the date of disb�u�sement, at the Note rate, and at the option of Lender, shall be immediately due and payable. Bonower. shall prumPtlY discharge any lien which has priority over this Security Insuvment unless Boaower: (a) agre,es in writing to the payment of the obligation se�ured by the lien in a manner acceptable to I.ender; (b) contests in gaad faith the lien by, or dafends again.qt enforcement of the lien in, legal proc�dings wluch in the I.ender' s opinion operate to prevent the enforcement of the lien; or (c) secures from the holder of the lien an agreement satisf�ctory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part of tha Properiy is subject to a lien which maY attain PnoritY over this Security Inslrument, Lender may give Borrowar a notice identifying the lien. Bonow� shall satisfy the lien or take one or �re of the actions set forth above within 10 days of the giving of notice. 8. Fe�. I.ender may collect fces and charge�s authorized by tha S�retary. 9. Grounds for Acceleratton of Debt. (a) D�fault. I.ender may, �cept as limited by regulations issued by the Secretary, in the case of payment defaul�, require immediate payment in full of all aums secured by this Security Inalrument if: (i) Borrower defaults by failing to pay in full any monthly payment required by this Se�urity Instru�nt prior to or on the due date of the next monthly payment, ar (ii) Borrower defaults by failing, for a peri�l of thiriy days, to perfarm any other obligalions cmntained in this Security Instrunient. (b) Sale Wtthout Credit Approval. Lender shall, if permittad by applicable law (including Se�tion 341(c� of tha Garn Sk Germain Depository Institutions Act of 1982, 12 U.S.C. 1701j-3(�) and with the prior approval of the Secretary, require immediata payment in full of all sums seciued by this Security Instrument if (i) All or part of the Properiy, or a beneficial int�rest in a trust owning all or part of the Properiy, is sold or otherwise transferred (other than by devise or descent), and (ii) The Properiy is not occupied by the purchaser or grantee as his or her principal residence, ar the purchaser or grantce doas so occupy the Property but his or h� credit has not been approved in accordance with the requirements of the Secretary. (c) No Waiver. If circumstances occur that would peimit Lender to require immediate payment in fu11, but Lender do� not require such payments, Lender does not waive its rights with respect to subsequent events. (� Regulatlons of HUD Secretary. In many circmnstances regulations issued by the Ser,retary will limit Lender' s rights, in the case of payment defaults, to require immediate payment in full and foreclose if not paid This Se�urity Ins�nt does not authorize a.cceleration ar for�losure if not permitted by regulations of the Secretary. (e) Mortgage Not Insured. Borrower agrces that if this Security Instrument and the Note are not determined to be eligi�ble for insurance under the National Housing Act within 60 days from the date hereo� Lender may, at its ovtion, rernrire immediate ua�+ment in full of all sums secured by t1�is 2200272718 D V4NNE FHA M�ge WITH MERSNE R �� 4 V�IN�p4N An INE e 111� VMP Cql Woltere IO�mer Finendal Services Pege 6 of 10 �l � . .