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201206728 significantly affect Lender's rights in the Property(such as a proceeding in bankruptcy, for condemnation or to euforce laws or regulations),then Lender may do and pay whatever is necessary to protect the value of the Property and Lender's rights i�the Property, including payment of taxes, hazazd insurance a�d other items mentioned iu paragraph 2. Any amounts disbwsed by Lender under this pazagraph shall become an additional debt of Borrower and be sewred by this Secunty Instrument. These amounts shall beaz interest&om the date of disbursement,at the Note rate>and at the option of Lender,shall be immediately due and payable. Borrower shall promptly dischazge any lien which has priority over this Security Instrument unless Borrower: (a)agrees in�vriting W the payment of the obligation secured by the lien in a manner acceptable to Lender; (b)coniests iu good faith the lieu 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 ageement satisfacWry to Lender subordinating the lien to this Securiry Instrument. If Lender determines tt�at any part of t6e Property is subject to a lien which may attain priority over this Security Instrument,Lender may give Borrower a notice identifying the lien. Bonower shall satisfy the lien or take one or more of the actions set fodh above within 10 days of the giving of notice. 8. Fees.Lender may collect fees and charges authorized by the Secretary. 9. Grounds for Acceleration of Debt. (a) Default.Lender may, except as limited by regttlations 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) Bonower defaults by failing to pay in full any monthly payment cequired by this Security Instrument prior to or on the due date of the next monthly paymeny or (ii) Bonower defaults by failing, for a period of thirty days, to perform any other obligations contained in this Secunty Instrument. (b) Sale Without Credit Approval.Lender shall, if permitted by applicable law(including Section 341(d)of the Gam-St.Germain Depository Iustitutions Ac[of 1982, 12 U.S.C. 1701 j-3(d))and with the prior approval of the Secretary,require immediate paymeut in full of all sums secured by this Sewrity Instrument if: (i) All or part of the Property, or a beneficial interest in a trust owniug all or par[of the Proper[y, is sold or othenvise transferred(other than by devise or descent), and (ii) The Property is not oceupied by the purchaser or grantee as his or her principal residence, or the purchaser or grantee does so ocwpy the Property but his or her credit has not been approved in accordance wit6 the requiremenu of the Secretary. (c) No Waiver.If circumstancesoccur that would permit Lender to require immediate payment in full, but Lender does not require such payments,Lender does uot waive its rights with respect to subsequent events. (d) Regulationaof HUD Secretary.Iu many circumstances regulations issued by the Secretary will limit Lender's rights, in the case 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 permitted by regulatious of t6e Secretary. (e) Mortgage Not Insured.Borrower agrees that if this Secunty Instrument and the Note aze not determined to be eligible for insurance under the National Housing Act within 60 days &om the date hereof,Lender may,at its option,requ've immediate pa ent in full of all sums secwed bv this VMP��9e WITH MERS-NE � C"� �� Ravis MP4N NE n�165.0 WollersKluwerFinancalSarvlces ( Page5of70 II I I II IIII I I III IIII I I I III IIIIIII I I I II I I I I 1I I I I III q03309009325 0233 329 OS10