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201209228 (ii) "Phe Property is not occupied 6y [he purcli2ser or grantee as his or her principal residence, or the purchaser or grantee dnes so occupy the Property, but his o�� her crediL }ias not been approved in accordance wid� the reqoirements of the Secretary. (c) No Waiver. If circumstances occur that would permit I.ender m require immediate payment in full, but I.ender does nut reyuire such payments, Lcndcr does not wnive its rights with respcct to titi6seyuen[events. (d) Regulatiuns of HUD Secre[ary. In many circumstancPs regulations issued bp the Secretary will limi[ I,ender's rights, in the case of pay«�e��[defaults, to require immediate payment in full and foreclose if not paid. This Security Instrument does not authorize acceleralion or foredosure if not permitLed 6y regalations of the Secretary. (e) Mortgage Not Insured. Burrower agree�s that if this Securiry Instrument and the Note are not determined ro 6e cligi6le for insurance under lhe Na[ional Hoosing Act withio 6 0 DAYS from the daTe hereoF, Lender may, at its optiu��, reqtdre immediate payment in full uf all sums secorcd hy this Security Instrumen[. A writ�en statement of any au[horized agent of the SecreLary dated subsequent ro 6 0 DAYS from the date hereof, declining to insure this Security Instrume�it and the Note, shall be deemed conclusive proof of such ineligibiliLy. No[withstanding the foregoiog, this option may not be exercised 6y Lender wheo the unavailabiliry of insurance is solely due to I.ender's failure lo remi[ a mortgage insurance premium to ihe Secre[ary. 10. Reinstatemeut. Borrower has a right to be reinstated if Lender has required immediate paymcnt in full � because of Borrower's failure to pay an amoimt due under the Note or this Security Instrument. This righY applies even aftcr foreclosure proceedings are ins[ituted. To rcinstate the Security Instrwnent, Borrnwer shxll tender in a lump sum all amoan[s required to Lring Borrower's accoimt curren[ induding, (u the extent thep are obligatio��s of Bon�ower�nder this Security Instrument,foreclosure costs and reasonable and customxry a[rorneys'fees and expenses properly assodated with d�e foredosure proceediog. Upun reinstatement by Rm�rower, this Securiry Instrument and the o6liga[ions that it secures shall remain in effect as if Lender had not required i�r��riedia[e payment in full. However, Lender is nu[ reqoired [o permit i�einstatemen[ iE (i) Lender has accepfed reinsln�ement after the comrr;eneement of foredosure proceedings wi[hin two years immediately preceding the cotnmencemenL uf a current fore�closure proceeding, (ii) reins�atement will precLude foreclosure on different grounds in the fumre, ur (iii) reinstatement will adversely affect the pdm�iLy of the lien created 6y [his Security I�is[rument. 11. Borrower Not Released; Forbearance by Lender Not a Waiver. Extension of the time of payment or modification uf amor[ization of[he swns secored by ihis Security Ins[rument gran[ed hy Lender to any successor in intere�st of Rorrower shall riut operate to re�lease the liability of tl�e uriginal Borrower or Borrower's successors i❑ interest Lender shall not be reyuired to commence proceedings against a��y successor in interest or refuse[o extend lime for payme�nt or othcrwise modify amortization of the sums secured by this Securi[y Instrwnent by reason of aoy demand made by the original Borrower or Bon-ower's successors in in[eresL Any forbearance by Lender in exercising any right or remedy sliall not be a w-�iver oP m' preclude the exercise uf any right or remedy. 12. Successors and Assigns Bound;Joiut and Several Liability; Co-Signers. The coveriants aod agreements of this Security Instrumen[ shall Uind and benefit the succesaors and assigns of I.ender and Bm'rower, subjee[to the provisions of paragraph 9(b). Rorrower's covenants and'agreements shall be joint ac�d several. Any RoiTower who co-signs Lhis Securiry Instivmen[biit does not execute the Note: (a) is co-signing lk�is Securiry insn�iment only to mortgage, gran[and convey that Bnrrower's inLerest in the Pmperty tmder the terms of this Securi[y Instrumeot; (b) is not perso�ally obligated to pay the sums secured by this Security Instrumeol; a�id (c) agrees that Lender aod airy other Bo�rower may agrec ro exrend, modity, for6ear or make any accommoda[iuns with regard to [he terms uf Lhis Sewriry Instrument or thc Note without lhat Bm'rower's wnsent. 13. NoNces. Any notice Lo Borrower provided for in this Security Instrument shall be glven by delivering it or by mailing it by Cirsl class mail unless applicable law requires use of another method. 'Phe notice shall 6e direc[ed m the Property Address or any other addracs Borrower designates by ootice m l.ender. Any riutice to Lender shall be given by first class mail to I.ender's address sta[ed t�erein or any address I.ender designalea by wtice to Borrower. Any notice provided for in this Security[ns[�ument shall be deemed [o have 6een given tu Borrower or i.ender when given as provided in[his parxgraph. FHA NEBRASKA DEED OF TRUST - MERS DocMagic�� NEDOTZ.FHA 07103/12 Page 5 of 9 www.docmagiccom I ��'1��