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�0�106775 Any amounts disbursed by Lender under this paragraph shall become an additional debt of Bonower and be secured by this Security Insmiment. 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 prompfly dischazge any lien which has priority over this Security Instrument unl�s Bonower (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 prQCe�dings which in the I.ender's opinion operate to prevent the enforcement of the lien; or (c) secures from the holder of the lien an agrcement 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 Bonower a notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of norice. 8. Fees. Lender may collect fee.c and charges authorized by the Secretary. 9. Graunds for Acceleration of Debt. (a) Default. Lender may, except as limited by regulations issued by the S�retary, in the case of payment defaults, require immediate payment in full of all sums secured by this 5�urity Instrument if: (i) Borrower defaults by failing to pay in full any monthly payment required by this Security Instrument prior to or on the due date of the next monthly payment, or (ii) Bonower defaults by failing, for a period of thirty days, to perform any other obligations contained in this Security Instrument. Ib) Sale Without Credit Approval. Lender shall, if permitted by applicable law (including Section 341(d) of the Garn-St. Germain Depository Institutions Act of 1982, 12 U.S.C. 1701j-3(d)) and with the prior approval of the S�retary, require immediate payment in full of all sums s�ured by this Securiry Instrument if: (i) All or part of the Progeriy, 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), 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 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 immediate payment in full, but Lender doas not require such payments, Lender does not waive its rights with respect to subsequent events. (d� Regulations of HUD Secretary. In �any circ�,r„crances reguiations issued by #he Secretary will limit Lender's rights, in the case of payment defaults, to r�uire immediate payment in fiill and for�lose if not paid. This Security Instiument d�s not authorize accelerarion or foreclosure if not permitted by regulations of the Secretary. (e) Mortgage Not lnsured. Bonower agr� that if this S�urity Instrument and the Note are not determineii to i� eligible for insuranc� under the National Housing Act within 60 days from the date hereof, Lender may, at its oprion, 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 60 days from the date hereaf, declining to insure this S�urity Instrument and the Note, shall be dcemed conclusive proof of such ineligibility. Notwitbstanding the foregoing, this option may not be FHA Deed of Trust-NE 4/96 VMP � VMP4RINE) (1106) Woltars Kluwer Financial Services Page 5 of 10