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2oioo52s~ the Property, and than to the reduction of the indebtedness under the Note and this Security Instrument, 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 legal#y entitled thereto. l3. Fees. Lender may odlect fees and charges authorized by the Secretary. 9. Grounds for Acceleration of Debt. (a) Due and Payable. Lender may require immediate payment-ln-full of all sums secured by this Security Instrument if: (i) A Borrower dies and the Property is not the principal residence of at least one surviving Borrower; or (ii) Aii of a sorrower's title in the Property (or his or her beneficial interest in a trust owning all or part of the Property) is sold or otherwise transferred aril no other Borrower retains title to the Property in fee simple or retains a leasehold under a lease for not less than 99 years which i$ renewable or a lease having a remaining period of not less than 50 years beyond the date of the 100th birthday of the youngest Borrower ar retains a life estate, (or retaining a beneficial interest in a trust with such an interest in the Wroperty). (b) Due and Payable with Secretary Approval. Lender may require fmmedia#a payment-in-full of all sums secured by this Security Instrument, upon approval of the Secretary, if: (I) The Property ceases to be the principal residence of a Borrower for reasons other than death and the Property is not the principal residence of at Isast one other Borrower; or (ii) For a period of longer than 12 consecutive months, a Borrower fails to occupy the Property because of physical or mental illness and the Property is not the principal residence of at least one other Bonrower, or (Iii) An obligation of the Borrower under this Security Instrument is not performed. (a) Notice to Lender. Banowar shall notify Lender whenever any of the events listed in this Paragraph 9 (a)(H) and (b) occur. (d) Notice to Secrotary and Borrower. Lender shall notify the Secretary and Borrower whenever the loan becomes due and payable under Paragraph 9 (axii) and (b). Lender shall not have the right to commence foredosure until Borrower has had 30 days after notice to either. (i) Correct the matter which resulted in the Security Instrument Doming due and payable; ar (ii) Pay the balance in full; or (iii} Sell the Property for the lesser of the balance or 959ro of the appraised value and apply the net proceeds of the sale toward the balance; or (iv) Provide the Landerwith a deed-inaieu of foreclosure. (e) Trusts. Conveyance of a Borrower's interest in the Properly to a trust which meets the q~N~4li~l4l~~4~u~lu~l4ii~