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'�° CO��ED <br />�P��� �0120572:� <br />�Q1204307 <br />Any amounts disbursed by Lender under tlus paragraph shall become an additional debt of Borrower <br />and be secured by tlus Security Instntment. These amounts shall bear interest from the date of <br />disbursement, at the Note rate, and at the option of Lender, shall be immediately due and payable, <br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless <br />Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner accepta.ble <br />to Lender; (b) contests in good faith the lien by, or defends aga.inst enforcement of the lien in, legal <br />proceedings wluch in the Lender's opuuon operate to prevent the enforcement of the lien; or (c) secures <br />from the holder of the lien an agreement satisfactory to Lender subordinating the lien to t3us 5ecurity <br />Inst�ruument If Lender determines that any part of the Properiy is subject to a lien which may attain priority <br />over this Security Instrument, Lender may give Borrower a notice identifying the lien. Borrower shall <br />satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of notice. <br />8. Fees. Lender may collect fees a.nd charges authorized by the Secretary. <br />9. Grounds for Acceleration of Debt. <br />(A) Default. Lender may, except as limited by regulations issued by the Secretary, in the case of <br />payment defaults, require immediate payment in full of all sums secured by this Security Instrument <br />if: <br />(i} Borrower defaults by failing to pay in full any monthly payment required by this Security <br />Instntment prior to or on the due date of the next monthly payment, or <br />(u) Borrower defaults by failing, for a period of thirty days, to perform any other obligations <br />contained in this Security Instrument. <br />(B) Sale Without Credit Approval. Lender shall, ifpermittedby applicable law (includ.ing Section <br />341(d) of the Gaxn-St Germain Depository Institutions Act of 1982, 12 U.S.C. 1701j-3(d)) and with <br />the prior approval of the Secretary, require immediate payment in full of all sums secured by this <br />Security Instrument if: <br />(i) All or part of the Property, or a beneficial interest in a trust owning all or part of the Property, <br />is sold or otherwise transferred (other than by devise or descent), and <br />(ii) The Properiy is not occupied by the purchaser or grantee as his or her principal residence, or <br />the purchaser or grantee does so occupy the Property but his or her cred.it has not been approved <br />in accordance with the requirements of the Secretary. <br />(C) No Waiver. If circumstances occur that would permit Lender to require immediate payment in <br />full, but Lender does not require such payments, Lender does not waive its rights with respect to <br />subsequent events. <br />(D) Regulations of HUD Secretary. In many circumsta.nces regulations issued by the Secretary <br />will limit Lender's rights, in the case of payment defaults, to require immediate payment in full and <br />foreclose if not paid. This Security Insttument does not authorize acceleration or foreclosure if not <br />permitted by regulations of the Secretary. <br />(E) Mortgage Not Insured. Borrower agrees tha.t if this Security Instrument and the Note are not <br />determined to be eligible for insurance under the National Housing Act within 60 days from the date <br />HCF(3-00703 <br />FHA Deed of Trust-NE <br />VMP� <br />Wokeis Kluwer Financial Servfcea <br />Revlaed 4l96 <br />/, 01l12 <br />201205294.1.1.2336-J20120729Y �� (! � L Page 6 ot 10 <br />•1 1 8• <br />