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201208502 significantly affect Lender's rights in the Property(such as a proceeding in banlauptcy, 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 ta�ces, 6azard insurnnce and other items mentioned in paragraph 2. Any amounts disbursed by Lender under this pazagraph shall become an additional debt of Borrower and be secured by this Security Instrument. These amounts shall bear interest from the date of disbursement,at the Note rate, and at the option of Lender, shall be immediately due and payable. Borrower shall promptly discharge any lien which has prioriry over this Security Instrument unless Bonower. (a)agrees in writing to the payment of the obligation secured by the lien in a mamer 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 enforcemeut of the lien;or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument.If I,ender determines that any part of the Property is subj ect to a lien which may attain prioriry over this Security InsWment, Lender may give Borrower a notice ide¢tifying the liea Borrower 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 chazges authorized by the Secretary. 9. Grounds for Acceleration 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 Secwiry Instrument iE (i) Bonower defaults by failing to pay in full any monthly payment required by this Security Instrument prior to or on the due date of the next monthty payment,or (ii) Borrower defaults by failing, for a period of thirty days, to perform any other obligations contained in this Securiry Instrument. (b) Sale Witfiout Credit ApprovaL Lender s6atl, if permitted by applicable law(including Section 341(d)of the Gam-St. Germain Depository InstiWtions Act of 1982, 12 U.S.C. 1701j-3(d))and wit6 t6e prior approval of the Secretary,requue immediate payment in full of all sums secured by this Security Instrument if: (i) All or part of the Property, or a beneficial interest in a trust owning all or gart of the Property, is sold or othenvise 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 approved in accordance with t6e requirements of the Secretary. (c) No Waiver.If circumstances occw that would permit Lender to requ've immediate payment iu full, but Lendet does uot require such payments,Lender does not waive its rights with respect to subsequent events. (d) Regulationsof HUD Secretary.In many circumstancesregulations issued by the Secretary wil( 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 regulations of the Secretary. (e) Mortgage Not Insured.Borrower agrees that if this Security Instrument and the Note aze not determined to be eligible for insurance under the National Housing Act within 60 days from the date hereof,Lender may,at iu option,require immediate payment in full of all sums secured by this WP�IUwrerFlenclal3ervlcea IISII'I"IIIIIIIIIIIIIIIIIIIIIIlllllllllll'�IIIII �P4N(NPsge5�1D0 q 3309601378 0233 289 0510