HUD shall pay interest on the unpaid principal balance from the date of default to the earlier of the following:
- (a) The execution of deed-in-lieu/lease-in-lieu of foreclosure;
- (b) The execution of the conveyance to either Holder, HUD or a third-party;
- (c) The execution of the assignment of the Section 184 Guaranteed Loan to HUD;
- (d) The expiration of the reasonable diligence timeframe; or
- (e) Other event as prescribed by Section 184 Program Guidance.