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2oii00053 on tirrie dircctly lo the entity which is owed the paymcnl. Tf fai(ure to pay would adversely affect Lender's interest in the Property, upon Lender's rcqucst Borrower s}iall promptly furnish to Lcnder receipts evidencing thcsc paymcnts. Il'L3orrower fails to make khese paymenls or thc payments rec�uired hy Paragruph 2, or failti io perfr�rm any other covenants and agreements contained in this Security InslrumenC, or there is a.legal procecding that may significantly affect Lender's rightti in the Property (such as a proceeding in bankn�ptcy, for condemnation or to enforec laws or regulations), then Lcndcr m�y do and pay whatever is ncccssary to protect the value ot�the Properly and Lcndcr's right�ti in th� Praperty, including payment o#'taxes, k�azard .insurance and other items mentiozied in Paragraph 2. Any amounls disbursed by Lender under this paragraph shall become an additional deht of Borrower and be secured by this Sccurity Instrument. These amounts �hall bcar interest from the �late of disburscmcnt a� thc Notc: rarc, and at the oplion of Lender, shall be immediately du4 and payablc. Borrower tihall promptly discharge any lien whi.ch has priorily ovcr Chis Security Instrument unless B�rrower: (a) agrees in writing to thc paymcnt of ihc obligation secured by the Iien in a manncr acceptable to Lender; (b) contests in good faith the lien by, or dcfcnd5 against cnforcement of the lien in, lcgal procccdin�s which in the Lender's opinion operalc to prevent khe cnforccment of lhc lien; or (c) secures from the holdcr of the lien an �greement sa.tisfactory to Lender subordinating thc licn to this Sccurity Instrument. If Lender dclermines th�t any part of the Property is subject to a lien which may attain priority over this Security Instrument, Lendcr may givc Borrower a notice identifying the lien. Borrower shall satisfy thc lien ar lake one or more of the actions set forlh above within 10 days of the giving of notice, 8. Fees. Lender may colleut fees and chargcs aulhorized by the Secretary. 9. Grounds for Acceleration of Debt. (A) Default. Lcndcr may, except as limited by regulations issued by the Secretary, in the case of payment defaults, require irnmcdiatc payment in full of all sums seeurcc� by this Security Instrument if: (i) Borrower detaults hy failing to pay in full any monthly payment rcquirai by lhis Sccurity Inslrumcnt prior io or on the due date of the next m��nthly paymcnt, or (ii) Borrower defaults hy failin�, for a period of thirty days, to perform any oihcr obligaiion� coniaincd in lhis Sccurity Instrument. (B) Sale Without Credit Approval. Lend�r shall, ifpermitted hy applicahle law (including Sectic�n 341(d) of the Ciam-5t. Gcrmain Depository Institutions Ack c�f 1982, 12 U.S.C. 1701 j-3(d)) and with the prior a�prnval nf the Secretary, rcquirc immediate payment in full af all sums secured by this Security Instrument if: (i) All or part of the Prnperty, or a bcncficial interest in a trust owning all or part of the Properly, is sold or oLherwisc transferred (other than hy cic:vise or dcscent), and (ii) The Property is not occupied by the purch�ser or grantee as his or her principal residence, or the purchaser or gr�ntee does so occupy the Pr��pexty bui his or her credit has not bcc:n approvcd in accordancc with the requirements of the Secretary. (C) No Waiver. If circum5tances occur that would permit Lender to requixe immediate paynrzent in full, but Lender does nnt rcquire such pzyments, Lender does not waivc its rights with res}�ect ta subsequent events. (D) Regulations of HUD Secretary. In many oircumstances regulations is�ued by thc: �ecretary will limit I,e:nde:r'� rights, in thc ca5c of paymenl defaults, to xequire immediale payment in full and foreclose if n.ot paid. This Security Instrurr�eni docti not authorize acceleration or foreclptiurc if not permitted by regulationti of the Secretary. (E) Mortgage Not Insured. Br�rrowcr agrees that if this Security Instrument and the Note arc not determined to be cligible fnr insurance under the National IIousing Act within 60 days from the date hereof, Lender may, at its option, require immediate paymcnt in full of all sums secured by this Sc:curity Instrument. A written statement of any authorized agent of the Secrctary dated subsequent to fi0 days from lhe date hereof, declining to insure this Security Instrurnent and the Not.c, �hall bc deemcd conclusive proof of such incligibility. Notwithtitandirag the foregoing, this option may HCFG-00703 FHA Deed of Trust-NE VMP� Wolters Kluwe� Financial Services 201012294.0.0.0.4002-J 20100902Y Revised 4/96 Page 4 ot B '7418910216" �