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200214079 Any amounts disbursed by Lender under this Paragraph shall become an additional debt of Borrower and he secured by this Security instrument. [he,, amuunls shall bear interest from the date of disbursmn,nt at the Note rate, and at the option of Lender, shall be immediately due and payable. Borrower Shull promptly discharge any lien which has priority over this Security Instrument unless Borrower (a) agrees in writing to (lie payment of the obligation secured by the lien in a mention acceptable to Lender, (b) contests in good faith the lien by. or defends agairut enforcementof the lien in, legal proceedings which in the Lenders uporma operate to prevent the enforcement of the lien: or on scenres f rota the holder of the lien an agreement satisfactory to lender subordinating the lien to this Security Instrument It Lender determines that any part of the Property is subject to a lien which may Frain priority over this Security Instrument. Lender may give Borrower a notice identifying the lien. Borrower dhall satisfy the limn of take one of more of the actions set rush above within 10 days ofthe giving of notice. 8. Fees. Lender may collect fees and charges aahonzed by the Secretary . 9. Grounds for Aceeleralion of Debt. (a) Default. Lender nay. excess, as limited by regulations issued by (he Secretary in the case of payment defaults, require immediate peyel in full of all sums secured by this Security Instrument if 0) Borrower defaults by failing to pay m Bill any monthly payment required by this Security Instrument prior to or on Life due date of the next monthly payment, or (it) Borrower genially by failing, for it period of thirty days. to perform any other obligations contained in this Security Instrument du Sale Without Credit Approval. Lender shall, if permitted by applicable law and with the prior approval of the Sceremry, require immcdiatc puyment in full of all the sums secured by this Security Instrument if (i) All or parr of the Property. or a henchcial interest in a trust owning all of part of the I'rnperty- is sold 0 otherwise ill sferred (other than by devise or descent he the BOr eve. and (it)'I'he Property is nut occupied by the purchaser of grantee as his or her principal readence, 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 immecla e payment in full, but Lenderdocs not requov such payments. Lender does not waive its rights with respect to subsequent events. (d) Regulations of DUD Secretary. In many circumstances regulations issued by the Secretary will limit Lenders rights. in the case of payment defaults, to require immediate payment in full and foreclose if not paid- This Security Inarriment does not authorize acceleration or foreclosure if not permitted by regulations nI 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 ,eon 90 Days from the date hereof. Lender may, at its option and nntwahsturalm, until .lug in paagaph 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 hear the date hereof. declining to insure this Security Instrument and the Note secured ,hereby, shall be deemed conclusive proof of such inehglhnap Not,sumamuling the foregoing, this option may not be exercised by Lender when the unavailability of Insurance is solely due in Lender's failure to remit u mortgage insurance premium to the Secretary. 10. Reinstatement. Borml has a right o be reinstated 1I' Lender has required immediate payment In full because of Borrower's failure to pay an amount due under the Note or this Security Instrument 'Phis right applies even after foreclosure proceedings are instituted. '1'u reinstate the Security Instmman. Burrower shall tender' in a hhmp sum all amounts required to bring Borrower's account current including. to the exrem they arc obligations of Be rower under this Security Instrument fllreelOSsic cost, and reuonable and customs , as .n hrnevs' Ices sand expenses properly associated with the foreclosure proceeding Ilpon reinstatement by Borrower this Security Instrument and the Ohligauons that it secrues shall remain ice e1flect as if Lender had nor required immediate payment in full- However, Lender is nor required to permu reinstatement if: W Lender bas accepted nostatemem after the commencement of foreclosure proceedings within two yerrs hnmedmtely preceding the commenextrentof a current foreclosure poceed rig. (it) reinstatement will preclude foreclosure on different grounds in the lumre. or (in) reinstatement will adversely affect the priority of the lien created by this Security Instrument. 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the 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 not torten, In release the liability of the original Borrower us Bonowers successor in interest. Lender shall not be required to commence proceedings against any successor in interest Or refuse to extend time Ibr payment or otherwise modify amortization of the sums secured by this Security Instrument by leuson of any demand made by the original Burrower or Borrower's successors In interest. Any forbearance by lender in exercising any right nr remedy shill not he a waiver of or pmchude the exercise of any right or remedy. 12. Successors and Assigns Bound; ,Joint and Several liability; Co- Signers. '1hc wvcnants and agreements of Ibis Security Insu'umcm shall bind and benefit the successors and assigns of Lender and Borrower. Subject to the provisions of Peagaph 9 b. Borrower's covenants and r,leements shall he joint and save al. Any Borrower who co -signs this Security assrutric It butdoes not execute the Note; (a) is co- signing this Security Instrument Only to mortgage. gran and convey that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument, and (e) agrees that Lender and any other Bouower may agree to extend modify, forhear or make any accommodations with regard in the terns of this Security Instrument or the Note without that IlorrnweLs conseut. 13. Notices. Any mice to Borrower provided for In this Security Instrument shall he given by delivering It or by mailing It by first Class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address or any other address Borrower designates by novice to Lender. Any notice to Lender shall be given by fuss class mail a Leaders address rated herein or any address Lender designates by notice m Borrow,, Any notice proNded for in this Security Instrument shell be deemed to have been given m Ilor ow,r or Lender when given as provided in this paagaph 16. Governing law; Severabilily. This Secruity Instalment .shall he govemccl by Federal law and the law of theymrisdictlon in which the Property is located In the event that any provision or clause ninny Security Instrument or tine Note conflicts with applicahle law. such tic l ols Ilal CV 18,01) 1627507 rlBllllall�