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Any amounts disbursed by Lender under this f uagmd shall become an additional debt of Boromser and be secured by this Security Watumerm These amounts shall bear interest from [he date of disbursement, at Be Now rate, and m the option a Lender, shall he immediately due and payable. Borrower shall promptly ch,charg,e any lien which has prim try over this Security tnstrument unless Borrower (a) agrees in r, hung to the payment of the obligation secured by the her in a manner acceptable to Lender, (b) aimeus in good faith Be two by or defends against enl'orccment of the lien in legal proceedings which in the Lender's opinion airiest to prevent the enioreemem of the lien; or (e) secures From the holder of the Iren an avr ecru ^n; sauslactory to tcrder subordnmmg the rtes io Ihis Seuurily tnstrument. If Lender determines [hat any part of the Properly is subject to alien which may attain prlurity over this Security Instrument, Lender may yrve Bonower a notice Win ymg the lien. Borrower shall satisfy the lien or take one or sure of the actions set forth above word to days of we gluing{ ofnotice- & Fees. lark may wdect In end charges authorized by rile Secretary. 9. Grounds for Acceleration of Debt. (a) Default. Lender may, except as lino[cai by regulations issued by the Secretary in the case of payment defaults, require imediate payment in had of all sums secured by this Security Instrument W. (1) Borrower defaults by Failing to pay in full any monthly payment required by this Security houl-lmen[ prior [o or on the due date of the next monthly payment, or (8) Borrower defaults by failing, for a period of thirty days, to perform any o[he obligations contained in this Security Instrument. (b) Sale Without Credit App lovd. Lcndcr shall. if permitted by applirtble law and with the prior approval a the Secretory, require immediate payment in full of Lill the sums secured by [his Security Instrument it (y All or part of the Property, or a rawfa al interest in a trust owning all or part of We Property, is sold or other eyise transferred (other than by devise of descent) by the Borrower, and (ii) The Property is not occupied by the purchaser or grantee as his or her pmKgxd residence, or the muchner or grantee does so occupy the Property, but his or her credit has not been approved In accordance vastly the mgmement.s ate Sccmv rya (e) No Waiver. If circumstances occur that would permit Lunde; to require immediate payment in full, but Lenclerclas not requirc such payments, Lender aloes not waive x rights with respect to subsequent events. (d) Regulations or HUD Smimia y. In many cimmisiances regulations issued by the Seeming will trout Lenders tights. in the case of paymeri defaults, to mqune mmedium payment in full and foreclose A not paid. This Security Instrument does not authorize acceleration or Immaosum if not permitted by regulations of the Secretary - (e) 3lortgage Not Doti Burrower agrees that should this Security Instrument and Be Neste secured dwret"ot be eligible for irf now usual the National Housing An wmm 90 Days from rile date hawk Lcndcr may, A its option and notwithstanding anything in p uagmph 9, requirc immechme payment ill full of all sums secured by tills Security Instrument- A written statement of any aurha rzed agent of rile Scunary died subsequent to 90 DaVS from the dote lremok declining to insure this Security lns[ntri and Be Note secured thereby, shall be deemed conclusive proof of such in'-iigTdgy- Notwithstandit g the foregoing, this option inay not be exercised by Lender when the un tvwlahhty of msumnce is solely thie to Lenders fatale to rani: a mortgage insurance premium ro be Secretary. 10. Reinstatement. Borrower has a right io be reinstated r` Lender has required immediate payment in full bemuse ofBwwwci's failure to pay an amount due tinder the Note or this Security Instrument This right applies even after Welcome proceedings are manoned. In reinstate Be Security Insttumant, Borrower shall tender in a lump sum all amounts requited to bring Borrower's account current including, to Be extent they are obligations of Borrower under this Security Instrument, toreclosure costs and reasonable and cuvomary atmrnevy fees and expenses properly associated with the foreclosure pwceeding- Lpon reinstownum by Bouuwet, this .Security Instrument and the obligations that it secures shelf remain in effect as if Lender had not Taloned immediate payment in full, However, Lender o not required to permit reinstatement if: (() Lender has accepted reinstatement after the commencement of foreclosure proceedings within two Years fmmediatcly preceding the commencemcntof a cwacnt foreclosure prowedim (is) minma +temcnt will preclude foreclosure on different grounds in Be future, of (fit) reinstatement will acheinely affectle priornv of the in created by this Security Instrument. I L Borrower Not Released; forbearance By Lender Not a Ml v n Gaension of the time of payment or modification of arnoiiirnion of the sums secured by this Security hu umcm emend by Lender to any successor in interest of Borrower shall not operate to release the iiobihy of the original Borrower or Borrower's successor in interest. Lender shall not be required to commence pinaudin s against any successor in interest of refuse to extend time forpayment or otherwise modify a norroatior, of the sums secured by tins Sewn[} Instrument by reason of any demand made by the original 13orroee ei or Borrore rn , successors m interest Any forbearance by Lendat in excrcisiny, any right or remedy shall not hen wait er of or preclude the user use of any i 8ht or remedy. 12. Successors and Assigns Bound; .Joint and Several Liability; Co-Signers. The covenants and agreements of this Security Insoument shall bind and benefit the successors and ensigns of Lander and Borrower, subject to the provisions of t aiagraph 9 -b Borrvwer'� got chants and agreements shall be lcom and several ,any Borrower who co -signs this Security lnstrununt butflocs not ececu[e the NOW (a) ism ,ignsng this Security hull- latent only to muirtfuw, grant and coriny that Borrower's interest in [he Properly under the terms of this Security Instrument. (b) is not personally obligated to pay the sums secured by this Security Instrument. and (c) agrees that Lcndcr and any other bermwu nay agree to extend, modify, forbear or make any accmanmoelatica with regard to the terms of this Security Instrument or the Now without that P,orrmvcr's consent. 13. Notices. Any notice to Borrower provided form this Smany Instrumentshali be given by deliverutg it of by mailing it by first class mail unless applicable law requires use aanother method. The notice shall be directed to the Property Address or any other address Boirou�er designaes by notice to Lender. Any notice to Lende• shall he goon by first Mass mail to Lender's address stated herein or any address Lender designates by notice to Borrower. Any notice prmwed for in To Security Instrument shall be deemed to Inme bull given to Borrower or Lender when ;men as pros rated in this p i agraph. It Governing Law. Sev ivilu lily. This Secwdy Instrument shall be govemed by Federal tau- and the law of Inca) urlSdwIJ0u in which the Property is located- In Be event that any provision or close of this Security Instrument or the Note confl cgs faith applicable law, such ilUi <'y a Di) GrrJLi