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201209481 signi£icanUy affut Lender's rights in the Property(such as a proceediag in bankruptcy, for condemnation or to enforcc 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 taaces, hazard insura�ce and other items mentioned in paragraph 2. Any amounts disbursed by Lender under tLis paragraph shall become an additional debt of Borrower and be secureci by Ihis Security Inshvment. These amounts shall beaz interest from the date of disbursement, at the Note rate, and at the option of LeMler, sLell be immediately due and payable. Borrower shall promptly discharge any lien w6ich has priority over this Security Instrument unless Borrower: (a)agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b)contests in good faith the lien by, or defends against cnforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the euforcement of the lien; or(c)secures from the holder of fhe lien an agreement satisfactory to Lender subordina[ing the lien to this SecuriTy Insirument. 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 Borrower a notice identifying the lien. Boaower sl�all satisfy the lien or take one or more of fhe actions set forth above within 10 days of the giving of notice. 8. Fees.Lrnder may collecl fees and cLarges authorized by tLe Secretary. 9. Grounds for Acceleration of Debt. {a) Default Lender may, except as limited by regulations issued by the Secretary, in the ease of payment defaults,require immediate payment in full of all sums secured by this Security Inshvment if: (i) Boirower defaults by failing [o pay in fiill airy monthly payment required by this Security Ins[rument prior to or on[he due date of the next monthly paymen[, or (ii) Boirower defaults by failing, for a period of thiriy days, to perform any other obligations contai�ed in tUis Security Instrumen[. (b) Sale Without Credit ApprovaL I.ender shall, if permitted by applicable law (including Sec[ion 341(d)of the Garn-St.Germain Depository Instiwtions Act of 1982, 12 U.S.C. 1701j3(d))and wiYh tLc prior approval of the Secre[ary, requ'vc immediate payment in full of all sums secured 6y this Securiry Inshvment if: (i) All or part of the Property, or a benet'icial interest in a trust owning all or part of ihe Praperty, is sold or otherwise transFerred(other tban by devise or descenl), and (ii) The Property is not occupied by the putchaser or grantee as his or her principal residence, or the purcbaser or grantee does so occupy the Pruperiy but his or her credit has not been approved in accordance with the requirements of the Secretary. (e) No Waiver.If circumstances occur that would permit Lender to rcquire immediate payment in full,but Lender does not require such payments,Lender does not waive its rights with respect to subsequent events. (d) Regulations of HUD Secretary. In many circumstances regulations issued by the Secretary will limit L.ender's rights, in the case of payment defaults, to require immediate payme�in full and foreclose if nol paid. This Security TnsWment does not authorize acceleration or foreclosure if not permi[[ed by regula[ions of[he Secretary. �ei Mortgage Not Insured. Borrower agrees that if this See;uriry Iustrument and the Note are not determined to be eligible for insurance under the Na[ional Housing Act within 60 days from the date hereof, Lender may, at its op[ion, require immediate payment in full of all sums secured by fhis VMP��aOeNATHMEHSNE NII��III�YII'�II�I��IIIII'IIII��II VMP4NINEII�a�5W,00 Wokers Kluwer Fivrcial5ervias �11 u�l � 1� q03310975757 0733 616 0510 � � � S J '�