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20120411� 1111063089 to subseguant events. (d) Regulat�ons oF HCJD Secretary. In many circumstances regulatians issued by the Secretary will limit Lender's rights in the case of payment defaults, to require immediata payment in full and foreolosa if not paid. This Security Instrument does not authorize acceleration or foreclosure if not permitted by regulations of the Secretary, (e) Mortgage Not Insured: Borrower agrees that should this Security Instrument and the Note are not to ba eligibla for insurance under tha National Housing Act within 60 days from the date hereof, Lender may, at its option, require immediate payment in full of all sums seoured by this Security Instrument. A written statement of any authorized agent of the Secretary dated subsequent to 60 days from tha date heraof, declining to insure this Security Instrument and the Note shall be deemed conclusive proof of such ineligibility, Notwithstanding the foregoing, this option may not be exercised by Lender when the unavailability of insurance is solely due to Lender's failure to remit a mortgage insuranca premium to the Secretary, 10. Re�instatement. Bonower has a right to ba reinstated if Lander has required immediate payment in full becausa of Borrower's failure to pay an amount dua under the Nate or this Security Instrument. This right applies even after foreclosure proceedings are instituted. To reinstata tha Security Instrumant, Borrower shall tender in a lump sum all amounts required to bring Borrowed account cunent including, to the extent they are obligations af Borrower under this Security Instrument, foreclosure costs and reasonable and customary attorney's fees and expenses properly associated with the foreclosure proceeding. Upon reinstatemedt by Borrower, this Security Instrument and the obligations that it secures shall remain in effect as if Lender had not required immediate payment in full, However, T,ender is not raquired to parmit reinstatement if; (i) Lender has accepted reinstatement after the commencement of foreclosura proceedings within two years immediately preceding the commencement of a current foreclosura proceading, (ii) reinstatement will preclude foreclosure on different grounds in the future, or (iii) reinstatement will adversely affect the priority of the lien created by this Security Instrument, . 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time of payment or modification of amortization of the sums secured by this Security Ittstrument granted by Lender to any auccassor in interest of Borrower shall not operate to release the liability of the original Boaower or Borrower's auccessor in interest. Lender shall not be required to commence proceedings against any succassor in intarest ar refuse ta extend time for payment or otherwise modify amortization of the sums secured by thia Security Instrument by reason of any demand made by the original Borrower ar Borrowet's succassors in intarest. Any forbearanca by Lender in exercising any right or remedy shall not be a waivor of or precluda the axaroise of any right or remedy. 12. Successors and Assigns Bound; Joint and Several L9abi19ty; Co-signers. The cavenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of paragraph 9.b. Bonower's covenants and agreements shall be joint and several. Any Bonower who co-signs this Security Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgaga, grant and convey that Borrower's interest in the property under the terms of this Security Instrument; (b) is not personally obligated ta pay the sums secured by this Security Instrument; and (c) agrees that Lender end any other Borrower may agree to extend, modify, forbear or make any accommodations with regard to the tarms of this Security Tnstrument or the Noke without that Barrower's consent. 13. Notices. Any notice to Borrower provided for in this Security Instrument shall ba given by delivering it or by mailing it by first class mail unless applicabla law requiras usa of anothar method. The notice shall be directed to the Property Addrass or any othar addrass Borrower designates by notice to Lender, Any notice to Lander shall be given by first-class mail to LandBr's address stated harein or any address Lender designates by notice to Borrower. Any notica provided for in this Security Instrument shall be deemed to have been givan to Borrower or Lendar when given as provided in this paragraph. FHA Nebrnaka Deed of Trast - 06/11 � 391.11 Page 5 of 8