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12. Lien Status. (d) Trusts. Conveyance of a Borrower's interest in the Property to a trust which meets the requirements of the Secretary, or conveyance of a trust's interests in the Property to a Borrower, shall not be considered a conveyance for purposes of this Paragraph 9. A trust shall not be considered an occupant or be considered as having a principal residence for purposes of this Paragraph 9. 10. No Deficiency Judgments. Borrower shall have no personal liability for payment of the debt secured by this Security Instrument. Lender may enforce the debt only through sale of the Property. Lender shall not be permitted to obtain a deficiency judgment against Borrower if the Security Instrument is foreclosed. 11. Reinstatement. Borrower has a right to be reinstated if Lender has required immedi to payment -in -full. This right applies even after foreclosure proceedings are instituted. To reinstate t is Security Instrument, Borrower shall correct the condition which resulted in the requirement or immediate payment -in -full. Foreclosure costs and reasonable and customary attomey's fees a d expenses properly associated with the foreclosure proceeding shall be added to the principal balance. 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) Lender has accepted reinstatement after t e commencement of foreclosure proceedings within two years immediately preceding e commencement of a current foreclosure proceeding, (ii) reinstatement will preclude foreclosure n different grounds in the future, or (iii) reinstatement will adversely affect the priority of the Secu ity Instrument. (a) 20121015E Modification. Borrower agrees to extend this Security Instrument in accordance with t is Paragraph 12(a). If Lender determines that the original lien status of the Security Instrum nt is jeopardized under state law (including but not limited to situations where the amo nt secured by the Security Instrument equals or exceeds the maximum principal amount sta ed or the maximum period under which loan advances retain the same lien priority initi Ily granted to loan advances has expired) and state law permits the original lien status to be maintained for future loan advances through the execution and recordation of one or m re documents, then Lender shall obtain title evidence at Borrower's expense. If the title evide ce indicates that the property is not encumbered by any liens (except the First Secu 'ty Instrument described in Paragraph 13(a), this Second Security Instrument and eny subordinate liens that the Lender determines will also be subordinate to any future I an advances), Lender shall request the Borrower to execute any documents necessary to prot ct the lien status of future loan advances. Borrower agrees to execute such documents. If st to law does not permit the original lien status to be extended to future loan advances, Borro er will be deemed to have failed to have performed an obligation under this Security Instrument. (b) Tax Deferral Programs. Borrower shall not participate in a real estate tax deferral prograrr, if any liens created by the tax deferral are not subordinate to this Security Instrument. (c) Prior Liens. Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in good faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the enforcement of the lien or forfeiture of any part of the Property; or (c) secures Mill1111111111111111111111111111111111 IIIIIIIIIIIIII IIIIIII I III 000000& Finale Document Services 0 0279 (07/07) • (5 of 10) • Nebraska Second Deed of Trust - HECM ADJUSTABLE TE