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2��2n�4�� (ii) The Property is not occupied by the purchaser or grantee as lus or hei principal residence, or the purchaser oz grantee does so occupy the Property, but his or her credit has not been approved 'zn accordance with the requirements of the Secretary. (c) No Waiver. If circumstanqe� occur that would permit Lender to require immediaxe payment in full, but Lende.r does not require such paymeffts, I�der does not waive its ri�its with respect to subsequent events. (d) Reb alalions of HUD Secretary. Tn many circumstances regulations issued by the Secretary will li.mit Lender's rights, in the case of payment defaults, to require immediate payment m full and foreclose if not paid. This Security Insl=ument does not authozize acceleration or foreclosure if not permitted by regulations of the Seeretary. (e) Mortgage No� Insnred. Borrower agrees that if this Security Inslnunent and the Note are not determined to be eligible for insurance under the National Housii�g Act within 6 0 DAYS from the date hereo� Lender may, ax its opiion, require immediaate payment in fuil of all sums secured by this Security Insixument A written statement of any authorized agent of the Secretary dated subsequent to 6 0 DAYS from the date hereo� declining to insure this Security Instrument and the Note, shall be deemed conclusive proof of such ineligibility. Notwithstanding the foregoing, tlus option may not be exercised by Lender when the unavailability of insurance is solely due to Lender' s failure to remit a mortgage insurance premium to the Secretary. 10. Reinstatemen� Borrower has a right to be reinstated if �,ender has required imnnediate payment in full because of Bor�ower's failure to pay an amount due undez the Note or this Security Instrument. This right applies even after foreclosure proceedings aze instituted. To reinstate the Security Instrument, Bonower shall tender in a lump sum all amounts required to bring Borrower' S account current including, ta the extent they aze obiigations of Borrower under this Sec�ity Instrument, foreclosure costs and reasonable and customary axtorneys' fees and expenses properly associat�d with 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 full. However, Lender is not required to permit reinstatement if: (i) Lendez has accepted reinstate�ment after the commencement of foreclosure proceedings witivn iwo years immediately pzeceding t�ze coznmencement of a current foreclosure proceeding, (u) reinstatement will preclude foreclasure on different grounds in the future, or (rii) reinstatement wi11 adversely affect the priority of the lien created by this Security Insuvment 11. Borrower Not Released; Forbearance by Lender Not a Waiver. E�ctension of the time of payment or modification of amortization of the sums secured by this Security Instrument granted 1oy Lender to any successor in interest of Borrower sha11 not operate to release the liability of the ari�nal Borrower or Borrower's successors in interest Lender sha11 not be required to commence proceedings against aay successor in irrterest or refuse to extend time �or payment or otherwise modify amortization of the sums secured. by this Security Ins#�wnent by reason of any demand made by tlze origi.nal Bozrawer or Borrower' s successors in anterest. Any forbearance by Lender in exercising any right or remedy sha11 not be a waiver of or preclud.e the exercise of any right or remedy. 12. Snccessors and Assigns Bonnd; JQint and SeveraI Liability; Co-Signers. The covenants and agreements of this Security Insmixment shall bind and benefit the successors and assigns of Lender and Bonower, subject to the provisions of paragraph 9(b). Borrower's covenants and ag�reements sha11 be joint and several. Any Bonower who co-signs this Security Instrument but does not execute the Note: (a) is casigning this Security Instrument only to mortgage, �ant and convey that Borrower' s interest in the Property under the terms of this Security Instrumen� (b) is not personally obligaxed to pay the sinns secured by this Security Instrument; and {c) a.�rees that Lender and any other Borzower ma.y agree to eactend, modify, forbear or make any accommodations with zegazd to the terms of this Securrty Insirument or the Note without that Boaower's consenk 13. Notices. Any notice to Borrower provided for in this Security Tnsh ument sha11 be given by delivering it or by mailing it by first class mail unless applicable law requires use of another met3iod. The notice shall be directed to the Property Address or any other address Borrower designates by notice to Lender. Any 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 m tbis Security Instrun�ent shall be deemed to have been given to Borrower or Lender when �ven as provided in this patagraph. FHA NEBRASKA D� OF TRUST - MEi�S NEDOTZ.FHA 07/03/12 Page 5 of 9 DorlVlagic � www.doanagic. com