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s r . � , •i r � ; " .1 � ! T, jrf:'� . a r�i�u r __ _ , � fi � �, , ,tt _ ' ; + . t F a�(? ,,. f r - ..,- ... �...� -_:r.r - �...— _ _— ..�•��IRr ':tSC.AI:rFa,.'x.vata- =' -_ Any application of the proceeds to the principal shat not extend or postpcme the due date of the monthly payments, which are referred to in Paragraph 2. or change the amount of such payments. Any excess proceeds over an amount required to pay all outstanding indebtedness under the Note and this Security Instrument shall be paid to the entity legally entitled thereto. S. Fees. Lender may collect fees and charges authorized by the Secretary. 9. Grounds for Acceleration of Debt. (a) Default. Lender may. except as limited by regulations issued by the Secretary in tine 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 Instrument prior to or on the due date of the next monthly payment, or (ii) Borrower defaults by failing, for a period of thirty days, to perform any other obligations contained in this Security Instrument. (iDp sate Without Credit Approval. Lcrtdcr viral[, if litimittcd by applicable law and with the prior approval of the Secretary, require immediate payment in full of all the sums secured by this Security Instrument if: (I) All or part of the Froperty is otherwise transferred (other than by devise or descent) by the Borrower. and (ii) The Property is not occupied by the purchaser or grantee as his or her primary or secondary 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 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 subsequent events. (d) Regulations of HUD Secretary. In many circumstances regulations issued by the Secretary wK Perrot Lender's rights in Cite case of payment defaults to uequire immediate payment in full and foreclose if coat paid. 'fait, Security Instrument does not authorize acceleraticNm or foreclosure if not permitted by regulations of the & reG3a; _ 10. Reinstatement. Borrower has a right to h Mnstated if Lender has nN- uired immediate pa3ment in full because of Borrower's failure to pay an amount due under the Note or this Security Instrument. This right applies ex-vii after foreclosure proceedings are instituted. To reinstate the Security Instrutneu ^.t. Borrower sharK tender in a lump sum all amounts required to bring Borrower's account current including, to the extent brief axe obligatiums of Borrower under this Security Instrument, foreclosure costs and reasonable and customary attorneys' fees ar,4 :