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��14��7 �d}Notice to Secretary and�orrower.Lender sha��no��fy�he Secretary and Borrav�er v�h�never the laan beeo�nes due and payab�e under Paragraph 9�a}�ii�and(b).Lender sha1�not have the righ� to cammence foreclosure until B�rrawer has had 3�days after notice to�ither: �i}Correct the matter which resulted in the Security Instrument coxn�ng due and pa�able; �r �i�}Pay�he baiance in full; or �iix}Sell the Prflp�rty for�he lesser Qf the balance ar 95%�f�he appraised va�ue and apply the net prac�eds of the sale toward the ba�ance; or �i��Provide the Lender w��h a deed-�n-��eu of for�closure. (e�Trust�. �onveyance of a Borrovver's in�erest in the Property to a trust which n�eets the requirements of the Secretary, or conveyance�f a trus�'s �nterests�n the Propert�to a Borrower, shal�not be con�idered a con�eyance f�r purposes of th�s Paragraph 9. A trust sha�l not be considered an occupan�or be��nsidered as having a prin��pa�residen�e for purp�ses of�h�s Paragraph 9. [f� Mortgage Not In�ured.Borrov�er agr�es�hat shauld�his Secur�ty�r�strument and�he Nate not be el�gible for xnsurance under�he Na�ional Hous�ng Act w��hin eigh� [S}months from the date h�reof, if perm�tted hy app�i�able�aw Lender may, a�i�s op��on,require immedia�e pa}�men�-in-fu�l of a1� sums secur�d by th�s Security�ns�rumen�. A v�rrit�en sta�ement of any au�horized agent of the Secretary dated subsequent to e�gh�t�8}mon�hs fr�m the da�e h�reof, declining�o�nsure this Secur�ty�ns�rum�nt and the No�e, shall be d�em,ed�onc�usive proaf of such zneligibii�ty. No�withstanding�he f�regoing,this op��on ma�not be exer�ised by Lender when�he unavailahi��ty of insurance is sole�y due�o Lender's faz�ure�o remi�a mor�gage insurance prem�um �o�he S e�retaxy e 14.No Deficiency Judgments. Borrower sha��have n�personal 1�abi�i�y for paymen�of the debt secured by�his Secur�ty Instrument. Lender may enforce�he d�b�on�y thraugh sa�e of the Property. Lender sha�l not be permitted�o o�tain a defciex�cy judgmen�aga�nst B�rravver if the Secur��y Instrumen�is foreclosed. If this Secur��ty Instrument is assigned to the Secretar�upon demand by the Secretary, B�rrower shall na�be�iab�e for any difference betv�reen the mortgage�nsurance benefi�s paid to Lender and the ou�s�and�ng indeb�edness,including accrued�n�erest, owed by Borrower at the t�me of the asszgnmen�. 11.Rein�tatement.B�rra�ver has a r�gh�to be reinstated�f Lender has required immedia�e paymen�-�n-fu��. This right appl�es e�en after foreclosure proceedings are xnst�tu�ed. To reinstate�h�s Security zns�rument,Borro�ver sha�l�orrect the condit�arn which resulted in�h�requirement for �mmediate payment�-in-fu11.Fareclasure costs and reasonab�e and customary attorney's fees and �xpens�s proper�y associated�v�th�h�forec�osure proceeding sha��be added�fl the principa�balance. Upon reinstatem�nt by B�rr�v�rer,this Se�ur�ty��.strument and the ab�iga��ons that it secur�s shall remain in effec�as�f Lender had no�requ�red xmmediat�payment-in-fu�l. Ho�vever,Lender is no� required ta permi�reinstatement�f: �i}Lender has accepted reins�a�ement after�he commencement af foreclosure proc�edings�v�thin two years immediately pre�ed�ng�he commencemen��f a current fQreclosure proceed�ng,��i�reins�atemen��vzl�preclude foreclosure on different grounds in�he future, or �iii}re�nstatem�ent wi�i adv�rsely affec��he priority�f the Security�ns�rument. 1�.Lien Status. Page 5 of 1Z HECM First Deed�f Trus�