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20120�� significantly affect Lender's rights in the Property (such as a proceeding in bankruptcy, for condemnation or to enforce laws or regulations), 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, harard insurance and other items mentioned in pazagraph 2. Any atnounts disbursed by Lender under this pazagraph sha11 become an additional debt of Bonower and be secured by this Security Instrument. These atnounts sha11 beaz interest from the date of disbursement, at the Note rate, and at the option of Lender, shall be immediately due and payable. Bonower shall promptly discharge any lien which has priority over this Security Instrument unless Bonower: (a) agrees in writing to the payment of the obligation secwed by the lien in a manner acceptable to Lender; (b) contests in good faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the enforcement of the lien; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Secutity Instrument. If Lender determines that any part of the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give Bonower a notice idenrifying the lien. Borrower sha11 satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of notice. 8. Fees. Lender may collect fees and chazges authorized by the Secretary. 9. Grounds for Acceleratlon of Debt. (a) Default. Lender may, except as limited by regulations issued by the Secretary, in the case of payment defaults, require immediate payment in full of all sums secured by this Security Instrument if: (i) Borrower defaults by failing to pay in full any monthly payment requirai by this Security Instrutnent prior to or on the due date of the next monthly payment, or (ii) Bonower defaults by failing, for a period of thiriy days, to perForm any other obligations contained in tlus Security Instttunent. {b) Sale Without CredR Approval. Lender shall, if permitted by applicable law (including Section 341(d) of the Garn-St. Germain Depository Institutions Act of 1982, 12 U.S.C. 1701j-3(d)) and with the prior approval of the Secretary, require immediate payment in full of a11 sums secured by this Security Instrument if: (i) All or part of the Property, or a beneficiat interest in a tnist owning a11 or part of the Property, is sold or otherwise transferred (other than by devise or descent), and (ii) The Property is not occupied by the purchaser or grantee as his or her principal residence, or the purchaser or grantee does so occupy the Property but his or her credit has not been apptoved in accordance with the requirements of the Secretary. (c) No Waiver. If circumstances occut that would permit Lender to require immediate payment in full, but Lender does not require such payments, Lender does not waive its rights with respect to subsequent events. (d) Regulatlons of HUD 5ecretary. In many circumstances regulations issued by the Secretary will limit Lender' s rights, in the c�se of payment defaults, to require immediate payment in full and foreclose if not paid. This Security Instrument does not authorize acceleration or foreclosure if not germitted by regulations of the Secretary. (e) Mortgage Not Insured. Bonower agrees that if this Security Instrument and the Note are not determined to be eligible for inswance under the National Housing Act within 60 days from the date hereof Lender may, at its option, require immediate payment in full of a11 sums secured by this � FHA Mortgege WRH MQtS-NE Revlaetl 4/98 VMP � VMP4N(N� (91DB) WoBere Kluw er Flnanelal Servieea page 5 of 10