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201201358 179003552 (i) All or part of thc Ympc�ry, or 2 beue£cial interest in a trnst owning all or part of the� Property, is sold or otherwise transferred (other than by devise or desccnt) and (ii)The Property is nok occupied by the purchaser or grantee as his or her principal residencc, or tl�c purchasec or grantee does so oceupy the Property but his or her credit has not been approved in accordance with the requiremcnts of the Secretary. (e)No Wxiver. lf circumstxnces occur that would permit Lender to require immediaie payment iu full,but Lender does not royuire such payments, Lender does not waivc its riglits with respect to subsequent events. (d) Regulations oi HUD Secretary. In mairy circumstxnces regulations issued by thc Sccretary will limit Lcnder's rights in flie case of payment dcfaul�s, to require immediate pxymcnt in full and fo�eclose if not paid. This Security lnstrumcnt does noi authorize acceleracion or foreclosure if not pennitted by regulations of the Secretary. (c)Morkgage Not Insured. Borrower agrces that should this Security Instrument and tlie Note are not to be eligible fbr insurance undcr the National Housing Act�within 60 days from die date hereof,Lender may, at its option, require immcdiate payment in full of all sums secured by this Secucity lnstrument. A written siatement of any authorized agent of the Seeretary dated subsequent to 60 days fi-om the datc hercuf,declining to insure this Security Inslrument and the Note shall be deemed conclusive proof of such ineligibiliry.Notwithstanding thc foregoing,this option may not be exercised by Lendcr whcn thc wiav�ilability of insurancc is solcly due to Lender's failure to remit a mortgage insurance premium to the Secretary. 1 U. Reinstatement.Borrower has a right to be reiiistated if Lender has rcquired immediate payment in full because of Rorrower's failure to pay an ainoimt due under the Vote or this Security Instrument. This right applies even after foreclosure procecdings are instituted.To teinstate tUe Security Instrument,Bo�rower shall tendex in a lump sum all amounts required to bring Borrowcd account cu�rent including to thc cxtent thcy are obligatious of Bon�owe� under this Security Instrument, foroclosuxe costs and reasonablc and customary at[orney's fees and expenses properly associatcd with the foreclosu�e proceeding. Upon reinstatement by Borrower,this Security Instrument and the obligations that it secures sl�all remain in effcct as if Lender liad not iequired imme�diace payment in full. Howcver, Lender is not reqaired to permit reinsta[ement if: (i) Lender has awepted reinstammcnt aftcr the commencement of foreclosure procecdings within two years immediately preceding thc commcncement of a current foreclosure procecding, (ii) reinstateinent will preclude foreclosurc on diffcrcnt grounds in the fiiture,or(iii)reinstatement will adversely affect the priority of the lien crested by this 9ecurity lnstrument. l l. Borrower Not Released; Forbearance By Lender Not a Waiver. Lztension of'tl�e time of paymcnt or modiGcation of ainortization of flie suins secured by this Security Instrumcnt granted by Lei�der to nny succcssor in intc�cst of Borrower shall not operate to release the liability of[he original Borrower or Borrower's succcssor in intcrest_ Lender shall not be required to commence procecdings against any successor in interest or rcfusc to cxtcnd timc for payment or otherwise modify amor[ization of the sums secured by this Sccurity Instrument by reason of any demaud made by the original Borrowcr or Borrower's successors in interest. nny forbearssncc by Lcndcr in excrcising 1ny riglit or remedy shall not be a waiver of or preclude the exercise of any right or remcdy. t2. Successors and Assigns Bound; Joint and Several Liability; Co-signers.The covenants and _ agreements of this Security Instiument shall bind and benefit thc sucecssors �nd assigns of Lender and Dorrower,subject to the provisions of paragrap6 9.b. Borrowcr's cuvcnants and zgreements shall be joint and several. Auy Borrower who co-sig��s this Security Instrumcnt but docs not execute the Note: (a)is co-signing this Security Instrument only ro mor[gage,grant and convcy thxt Borrowcr s interest i��tlie property undcr thc tcrms of[his Security Instrutnent; (b) is not persoually obliDated to pay thc sums secured by this Security lnstrumcnt;and(c)agiees that Lender tuid auy otUer Borrower may agree to cxtcnd,modify,forbear or make any accommodations with regacd to the tertns of this Secutity Instrument or thc Notc without that Borrower's FH.4 Nebraska Deed of Trust-06/I I !�a 391.11 Naee � of 8