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201205 3.9-� iiiiocgazi to subsequent events. • . (d) Regulations of HUD Secretary. In many circumstances regulations issued bythe Secretary will limit Lender's rights in the case of payment defaults, to require immediate payment in full and foreclose if not paid. This Security Instrument does not authorize acceleration or foreclosure if not permitted by regulations of the Secretary. (e) Mortgage Not Iasured. Borrower agrees that should this Security Instrument and the Note • are not to be eligible for insurance under the National Housing Act within 60 days from the date hereo� Lender may, at its option, require immcdiate payment in full of all sums secured by this •Security Instrument. A written statement of any authorized agent of the Secretary dated subsequeat to 60 days from the date hereo� declining to insure this Security Inshument and the l�Fote 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 instuance premium to the Secretary. 10. Reinstatement Bonower has a right to be reinstated if Lender has required immediate payment in fu11 because of Bozrower`s failure to pay an amount due under the Note or this Security Instrument This right applies even after foreclosure proceedings aze instituted. To reinstate the Security Instivment, Bonower shall tender in a lump sum all amounts required to bring Borrowed account current including, to the e�ctent they are obligations of Borrowar under this Security Instrument, foreclosure costs and reasonable and customary attorney's fees and expenses properly associated with the foreclosure proceeding. Upon reinstatement by Botrower, this Security Instrument and the obligations that it secwes sha11 remain in effect as if Lender had not required immediate payment in full. However, Lender is not required to permit reinstatement if (i) I.ender has accepted reinstatement after the commencement of foreclosure proceedings within two years immediately preceding the commencement of a current foreclosure proceeding, (ii) reinstatement will preclude foreclosure oa different grounds in the future, or (iii) reinstatement will adversely affect the priority of the lien created by this Security Inshvment 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time of payment or modification of amartization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successor in interest. Lender shall not be required to co�mmence proceedings against any successor in interest or refuse to�extend time for paymettt or otherwise modifq amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrowez or Borrower's successors in interes�t. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 12. Successors and Assigns Bound; Joint and Several I.iability; Co-signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the pravisions of pazagraph 9.b. Borrower's covenants and agreements shall be joint aad several. Any Boaower who co-signs this Security Instrument but does not execute the Note: (a) is co-signing this Sec�uity Inshument only to moztgage, 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 otlier Borrower may agree to extend, modify, fotbear or make any accommodations with regard to the terms of this Security Inshument or the Note without that Borrower's consent • 13. Notices. Any notice to Bonower provided for in this Secvrity Instrument shall be given by deliveriag it or by mailing it by first class mail unless applicable law requires vse of another method. The notice sha.11 be directed to tbe Property Address or any other address Bonower designates by notice to Lender. Any notice to Lender shall be given by first-class mail to Lender's address stated herein or any addzess Lender designates by notice to Borrower. A.ny norice provided for in this Security Instniment shall be deemed to have been given to Borrower or Lender when given as provided itt this paragraph. FFIA Nebraska Deed of Trast - 06/i l � 391.11 Page 5 of 8