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201208107 significantty affect Lender's rights in thc Property(snch as a proceeding in bankruptcy, for condemnation or to enforcc laws or rcgulations), thcn 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, hnzard insttrance and other items mentioned in paragraph 2. Any amoun[s disbarsed by Lender under this paragraph shall becomc an additional debt of Borrower and be secured by this Security Instrument. Thcsc amounts shall bear interest from the date of disbursement,at the Notc rate, and at the option of Lender, shall be immediately due and payable. Borrower shall promptly dischnrgc any lien which has priority over this Security Instrument unless Rorrower. (a)agrees in�vriting to the payment of thc obligation secured by the lien in a manner acceptablc to Lender; (b)contests iu good faith the lien by,or defends against enforcement of the lien in, legxl proceedings which in thc Lender s opiuion operate to prevent the enforcement of thc lien; or(c)secures from thc holder of the lien an agreement satisfactory to Lender subordinxting the lien to this Security Instrument If Lender determines that any psrt of the Property is subject to a lien which may attain priority over this Security InstrumenL Lendcr mxy give Bortower a notice identifying the lien. Borrower shall satisfy thc lien or txke one or more of thc actions set forth above within 10 days of t6e giving of notice. 8. Fees.Lendcr may collect fees and charges authorized by the Secretary. 9. Grounds for Acceleration of Debt. (a) Default.Lendcr may, exccpt as limitcd by regulations issued by the Secretary, in thc caae of payment defaults,require imrtiediate payment in full of all st�ms secured by this Security Instrument if: (i) Bor�ower defaolts by failing to pay in full any monthly paymcnt required by this Security Instrumcnt prior to or on thc due datc of the next monthly paymen[, or (ii) Borrower defaults by failing, for a period of thirty days, to perform any other obligations wntained in this Security Instrument. (b) Sale Without Credit Approval.Lender shall, if permitted by applicable law(including Section 341(d)of the Gam-St. Gem�ain Depository Institutions Act of 19R2, 12 U.S_G. 1701j-3(d))and with the prior approval of the Secrctary,requirc immcdiate payment in full of all snms sewred by this Security Instrumcnt if: (i) All or part of the Property,or a beneficial interest in a[rust owning all or part of the Property, is sold or othernise transfened(other than by devise or descent),and (ii} The Property is not occupied by the pnrchaser or grantee as his or her principal residence,or[he purchaser or grantee does so occupy the Property but his on c�r credit has not been approved in accordance with the requircments of the Secretary. (c) No Waiver.If circumstances occur 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 subseqnent events. (d) Regulationsof HUD Secretary. In many circumstancesregalations issued by the Secretary will limit Lender's rights, in the case of payment defaults, to require immediate payment in full xnd foreclose if not paid. This Securiry Instrument does not authorize aceelerationor foreclosure if not permitted by regulations of the Secretary. (e� MoYtgage Not Insured.Aorrowcr agrees that if this Security Insirument and the Note are not determined to be eligible for insurance under tlie National Housing Aet wi[hin 60 days from the date hereof, Lender may,at its op[ion, require immediate payment i� full of all sums secured by this Wolte�KluwarFnencial5ervces III IIIII'IIIIIIIIIIIIIIIIIIIIIIIII IIIIIIIIIIIIIII �� VMP4NMPegeSo)f10 q03309003832 0233 373 OS10