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201303482 (iii)Sell the Property for the lesser of the balance or 95%of the appraised value and apply the net proceeds of the sale toward the balance;or (iv)Provide the Lender with a deed-in-lieu of foreclosure. (e)Trusts.Conveyance of a Borrower's interest in the Property to a trust which meets the requirements of the Secretary,or conveyance of a trusts 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. (I)Mortgage Not Insured.Borrower agrees that should this Security Instrument and the Note not be eligible for insurance under die National Housing Act within eight(8)months from the date hereof,if permitted by applicable law Lender may,at its option,require immediate payment-in-full of all sums secured by this Security Instrument.A written statement of any authorized agent of the Secretary dated subsequent to eight(8)months from the date hereof,declining to insure this Security Instrument and the Note,shall be deemed conclusil,e 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 insurance premium to the Secretary. 19.No Deficiency Judgments.Borrower shall have no personal liability for payment of the debt secured by this Security Instmment.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,If this Security Instrument is assigned to I he Secretary upon demand by the Secretary,Borrower shall not be liable for any difference between the mortgage insurance benefits paid to Lender and the outstanding indebtedness,including accnied interest,owed by Borrower at the time of the assignment. 11.Reinstatement.Borrower has a right to be reinstated if Lender has required immediate payment-in-full.This right applies even after foreclosure proceedings are instituted.To reinstate this Security Instrument,Borrower shall correct the condition which resulted in the requirement for immediate payment-in-full.Foreclosure costs and reasonable and c ustomary attorney's fees and expenses properly associated with the foreclosure proceeding shall be added to the principal balance. Upon reinstatement by Borrower,this Security Instmment 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 the colntnencement of foreclosure proceedings within two years immediately preceding the commencement of a current foreclosure proceeding,(ii)reinstatemen:will preclude foreclosure on different grounds in the future,or (iii)reinstatement will adversely affect the priority of the Security Instrument. 12.Lien Status. (al Modification. Borrower agrees to extend this Security Instrument in accordance with this Paragraph 12(a). If Lender determines that the original lien status of the Security Instrument is,jeopardized under slate law(including but not limited to situations where the amount secured by the Security Instrument equals or exceeds the maximum principal amount stated or the Page 5 of II HECM First need 01 I ruse