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201209876 significantly affect Lender's rights in the Proper[y(such as a proceeding in banlwptcy, 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, iucluding payment of taxes,hazard insurance aod other items mentioned in paragraph 2. Any amouuts disbursed by Lender under this paragraph shall become an additional debt of Borrower and be secured by tltis Security Instrument. These amounts shall beaz 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 disc6arge any lien which has priority over tlils Security Instrument unless Bonower. (a)agrees in writing to the payment of the obligation secwed by the lien in a mauner acceptable to Lender;(b)contests in good faith the lien by,or defends against enForcement of the lien in, legal proceedi¢gs which in the Lender's opinion operate to prevent the enforcement of the lien; or(c) secures from the holder of the lien au ageement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines t6at 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. Borrower shall satisfy the lie�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 charges authorized by the Secretary. 9. Grounds for Acceleration of Debt. (a) Defeult.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 required by this Security Instrumeot prior to or on the due date of the next monNily payment,or (ii) Borrower defaults by failing, for a period of thirty days, [o perform any other obligations contained in this Securiry Instrument. (b) Sale Without Credit ApprovaL Le¢der shall, if permitted by applicable law(including Section 341(d)of the Gam-St. Germain Depository Institutious Act of 1982, 12 U.S.C. 1701j-3(d))aud witL the prior approval of the Secretary,require immediate payment in full of all sums secured by this Security Instrument if: (i) All or part of t6e Property,or a beneficial interest in a trust owning all or part of the Property, is sold or othercvise transferred(other than by devise or descent),aud (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 the requirements 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 not waive its rights with respect to subsequent events. (d) Regulationsof HUD Secretary.In 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 InsWment does not authorize acceleration o�foreclosure if not pemutted by regulatioos 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&om the date hereof, Lender may,at its option,require immediste payment in full of all sums secured by this FHA Mortgage WITH MERS-NE Reviaetl 4/96 W��u,�rFl�dalServlc� III IIIIIIIIIIIIIIIIIIII IIIIIII �MP4N,NP�a�� q03312381356 0233 292 OS1D � J J