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Any amounts disbursed by Lender under this Paragraph shall become an additional debt of Borrower and be secured by this Securky Instrument. These amounts shall bear hterest 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 any lien wh�h has priorky over this Securky Instrument unless BoROwer: (a) agrees in writing to the payment of the obl'�gation secured by the lien k� a manner acceptable to Lender; (b) contests � good fakh the lien by, or defends against enforcement of the Ifen in, legal proceedings which M the Lenders ophion operate to prevent the enforcement ot the lien; or (c) secures f�om the holder of the Ilen an agreement satisfactory to Lender subordinating the ifen to this Securiry Instrument. If Lender determines that any part oi the Property is subject to a lien whfch may attain prfority over this C� Securky Inshument, Lender may give Borrower a not�e identifytng the Oen. Borrower shall satfsfy the Ilan or take one or more of � the actions set forth above wkh� 10 days of the gNing of notbe. � 8. Fees. Lender may collect fees and charges euthoriaed by the Secretary. � 9. Grounds for Acceleration of Debt. C� (a) Default. Lender may, except as Iknked by regulations issued by the Secretary in the case of payment defaufts, • � require immediate payment in full of all sums secured by this Security instrument if: � (i) Borrower defaufts by failing to pay in full any monthly payment required by this Securky Instrument prior to or on � the due date oi the next monthly payment, or (ii) Borrower defauRs by failhg, for a period of thkty days, to perform any other obligatlons contained in this Security Instrument. (b) Sale Without Credit Approval. Lender shail, H pennftted by eppl�able law (Mcluding sectlon 341(d) of the GamSt Germain DeposRory Instkutions Act ot 1982, 12 U.S.C. 1701j-3(d)) and wkh the prior approva� of the Secretary, requke immed(ate payment in (utl of ail the sums secured by this Securfty Instrument if: (i) All or pert ot the Property, or a beneficial interest M a trust owninfl all or part of the PropeRy, 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 credk has not been approved in accordance wkh the requirements o( the Secretery. (C) NO WBiVe�. If circumstances occur that would permit Lender to requke immediate payment in full, but Lender does not require such payments, Lender does not waive ks rights wRh respect to subsequent events. (d) Regulations of HUD Secretary. in many c�cumstances re9u�a��ons �ssued by the secretery wm i�nn Lender's rights, h the case of payment defauRs, to requke knmediate payment in full and foreciose N not paid. This Security instrument does not authorize ecceleretion or foreclosure M not permitted by regulatlons oi the Secretary. (e) Mortgage Not Insured. Borrower agrees that if this Securky Instrument and the Note are not determined to be eNgible for insurance under the National Housing Act wkhin # of days (90� irom the date hereof, Lender may, at its option require immediate payment in full of all sums secured by this Securfty Instrument. A written statement of any authorized agent of the Secretary dated subsequent to # Of d8y8 [90) irom the date hereof, declining to insure this Security Instrument and the Note, shall be deemed conclusNe proof of such ineligbilRy. Notwithstanding the foregoing, this option may not be exercised by Lender when the unavailabilky of insurance is solely due to Lenders failure to remit a mortgage insurance premium to the Secretary. 10. Reinstatement. Borcower has a right to be reinstated if Lender has required immediate payment h (ull because of Borrower's failure to pay an amount due under the Note or this Security Instrument. This right applies even after foreclosure proceedings are instituted. To reinstate the Security Instrument, BoROwer shall tender in a lump sum all amounts required to bring Borrower's account cuRent including, to the extent they are obligations of Borrower under this Security Instrument, foreclosure costs and reasonable and customary attomey's fees and expenses properly associated wkh 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 (ull. However, Lender is not required to permft refnstatement H: (i) Lender has accepted reinstatement after the commencement of foreclosure proceedings withM two years �nmediately preceding the commencement of a cunent foreclosure proceeding, (ii) reinstatement wiil preclude foreciosure on different grounds in the future, or (iii) reinstatement will adversely affect the priority of the lien created by this Securky Instrument. 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time of payment or modifbation of amortization of the sums secured by this Securtty Instrument granted by Lender to any successor h interest of Borrower shall not operate to release the Bability of the original Borrower or Borrower's successor in hterest. Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or othervvise modify amortization oi the sums secured by this Securky Instrument by reason of any demand mede by the original Borrower or BoROwer's successors in interest. My forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exe�cise of any right or remedy. . 12. Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements of this Security Instrument shall bind and benefit the successo�s and assigns of Lender and Borrower, subject to the provisions of Paragraph 9(b). Borrowe�'s covenants and agreements shall be joint and several. Any Borrower who co-signs this Security Instrument but does not execute the Note: (a) is co-sign(ng this Security Instrument only to mortgage, grant 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 (c) agrees that Lender and any other Borrower may egree to extend, modify, forbear or make any accommodatfons wkh regard to the term of this Securky Instrument or the Note without that Borrower's consent. 13. Notices. My notice to Borrower provided for in this Securiry Instrument shali be given by delivering k or by mailing k by first class mail unless appl(cabie law requires use of another method. The notice shall be dkected to the Property Address or any other address Borrower designates by notice to Lender. My 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 notice provided for in this SecurRy Instrument shall be deemed to have been given to Borrower or Lender when given as provided � this paragraph. 14. Governing Law; Severability. This Security Instrument shali be govemed by Federal law and the law of the jurisdiction in which the Property is bcated. In the event that any proviston or clause of this Securky Instrument or the Note F5813.LM0(1/BB) Paps 3 of S