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201303729 <br /> Any amounts disbursed by Lender under this paragraph shall become an additional debt of Borrower and be <br /> secured by this Security Instrument.These amounts shall bear interest from the date of disbursement,at the <br /> Note rate,and at the option of Lender,shall be immediately due and payable. <br /> Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower <br /> (a)agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; <br /> (b)contests in good faith the lien by,or defends against enforcement of the lien in,legal proceedings which <br /> in the Lender's opinion operate to prevent the enforcement of the lien;or(c)secures from the holder of the <br /> lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument.If Lender <br /> determines that any part of the Property is subject to a lien which may attain priority over this Security <br /> Instrument,Lender may give Borrower a notice identifying the lien.Borrower shall satisfy the lien or take <br /> one or more of the actions set forth above within 10 days of the giving of notice. <br /> 8. Fees.Lender may collect fees and charges authorized by the Secretary. <br /> 9. Grounds for Acceleration of Debt. <br /> (a) Default.Lender may,except as limited by regulations issued by the Secretary,in the case of payment <br /> defaults,require immediate payment in full of all sums secured by this Security Instrument if: <br /> (i) Borrower defaults by failing to pay in full any monthly payment required by this Security <br /> Instrument prior to or on the due date of the next monthly payment,or <br /> (ii) Borrower defaults by failing,for a period of thirty days.to perform any other obligations <br /> contained in this Security Instrument. <br /> (b) Sale Without Credit Approval.Lender shall,if permitted by applicable law(including Section <br /> 341(d)of the Gam-St.Germain Depository Institutions Act of 1982,12 U.S.C. 1701j-3(d))and with <br /> the prior approval of the Secretary,require immediate payment in full of all sums secured by this <br /> Security Instrument if: <br /> (i) All or part of the Property,or a beneficial interest in a trust owning all or part of the Property,is <br /> sold or otherwise transferred(other than by devise or descent),and <br /> (ii) The Property is not occupied by the purchaser or grantee as his or her principal residence,or the <br /> purchaser or grantee does so occupy the Property but his or her credit has not been approved in <br /> accordance with the requirements of the Secretary. <br /> (c) No Waiver.If circumstances occur that would permit Lender to require immediate payment in full,but <br /> Lender does not require such payments,Lender does not waive its rights with respect to subsequent <br /> events. <br /> (d) Regulationsof HUD Secretary.In many circumstances regulations issued by the Secretary will limit <br /> Lender's rights,in the case of payment defaults,to require immediate payment in full and foreclose if <br /> not paid.This Security Instrument does not authorize accelemtionor foreclosure if not permitted by <br /> regulations of the Secretary. <br /> (e) Mortgage Not Insured.Borrower agrees that if this Security Instrument and the Note are not <br /> determined to be eligible for insurance under the National Housing Act within 60 days from the date <br /> hereof,Lender may,at its option,require immediate payment in full of all sums secured by this <br /> Security Instrument.A written statement of any authorized agent of the Secretary dated subsequent to <br /> 60 days from the date hereof,declining to insure this Security Instrument and the Note,shall be <br /> deemed conclusive proof of such ineligibility.Notwithstanding the foregoing,this option may not be <br /> FHA Deed of Trust-NE 4)96 <br /> VMP® VMP4R(NE)(1105).00 <br /> Wolters Kluwer Financial Services Page 5 of 10 <br />