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200210190 Any amounts disbursed by Lender under this Paragraph shall become an additional debt of Borrower and be secured by this Secto icy Instrument. These amounts shall bear 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 discharge wry lien which has priority over this Security Instrument unless Burrower (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 enforcement of the lien in, legal proceedings which in the Lender's opinion oPerot, to prevent the enforcement of the lien, or (c) secures from the holder of the lien an agmomcnt satisfactory to lender subordinating the lien to this Security Instrument. 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. Borrower shall satisfy the lien or lake 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) Default. Lender shay, 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 wry monthly payment required by this Security Instrument prior to or on the due date of the next monthly payment, or (it) Borrower defaults by failing, for a period of thirty days, to perform any other obligations contained in this Security Instrument. (b) Sale Without Credit Approval. lender shall, if pefnutted by applicable law and with the prior approval of the Secretary, require immediate payment in fill of all the sums secured by this Security Instrument if: (i) All or part of the Property, or a- beneficial interest in a trust owning all or part of the Property, is sold or 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 principal residence, or the purchaser or grantee does so occupy the Properly, but his or her credit has not been approved in accordance with than requirements of the Secretary . be) No Waiver. if cimunhstwses occur that would permit Lender to require immediate payment in full, but Lender does not require such payments, Lender does not waive its ri ghts with respect to subsequent events. (d) Regulations of HUD Secretary. In many circumstriues regulations issued by the Secretary will limit Lenders ri ghts, is the case of payment defaults, to require immediate payment in full and foreclose if not paid. This Security Instrument does not anthorixe acceleration or foreclosure if not permitted by mgulatiom of the Secretary . (e) Mortgage Not Insured. Borrower agrees that should this Security Instrument and the Note secured thereby not he eligible for insurance under the National Housing Act within 90 Days from the data hereof, Lender may, at its option and notwithstanding anything in paragraph 9, require immediate payment in full of all sums secured by this Security Instrument A written statement of any authorized agent of the Secretary dated. subsequent to 90 Days from the date hereof, declining to insure Ills Security Instrument and the Note secured thereby, shall be deemed conclusive proof of such ineligibility. Notwithstanding the foregoing, this option may not be exercised by Lender when the unavailability of insurance is solely due in I zadei s failure to rent[ a mortgage insurance premium to the Secretary. 10. Reinstatement. Borrower has a right to be reinstated if Lender has required immediate payment in full because of Borrower's failure to pay an amount due coder the Note or this Security Instrument. This right applies even after foreclosure proceedings are instituted. To reinstate the Security Instrument, Borrower shall tender in a lump sunk all amounts required to bring Borr'ower's account current including, to the extent they are obligations of Borrower under this Security Instrument, foreclosure costs and reasonable and customary attorneys' fees Laid expenses properly associated with the foreclosure proceeding. Upon reinstatement by Borrower, this Security Instrument and the obligations that it secures shall remain in effect as if Lender had not required immediate payment in full. However, fender is not required to pent[ reinstatement if (i) Lender has accepted reinstatement after the conesencemen[ of foreclosure proceedings within two years immediately preceding the commencement of acurrent foreclosure proceeding, (it) reinstatement will preclude foreclosure on different grounds in the future, or (iii) reinstatement will adversely affect the priority of the lien created by this Scent try Instrument. 11. Borowur Not Released; Forbearance By Lender Not a Waiver. Extension of die time of payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall nut operate to release the liability of the original Borrower or Burrower "s successor In interest. Lender shall not be required to commence Proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization oflhe sums secured by this Security Iostmment by reason of any demand made by the original Borroweror Borrowers successursin interest Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or rumedy. 12. Successors and Assigns Bound; Joint and Several Liability; Co- Signers. Tire covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of Paragraph 9.b. Borrowers covenants and agreements shall be joint cord several. Any Borrower who eo -signs this Secnnry Instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant and convey that Borrower's interest in the 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 Lender and any other Borrower may agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. 13. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail unless applicable law requires use of another method. The nonce shall be directed to the Property Address or any other address Borrower designates by notice 10 Lender. Any notice to Lender shall be given by first class mail to Lender's address stated herein or any address Lender designates by notice to Borrower. Any ounce provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 14. Governing Law; Severability. This Security instillment shall be invented by Federal law and the low of the jurisdiction in which the Property is located. In the event that any provision or clause of this Security Iostmment or the Note conflicts with applicable law, such to,e3af5 ItoIcv(8Np r G11948 Garu(00021dom