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��14��574 [d�Noti�e ta Secretary and Sorrov�er.Lender shali no�ify th�Secretary and Barro�er u�henever �he loan becomes due and�ayable under Paragraph 9�a��i�}and�b�. Lender shall not have the right to commen�e foreclosure until Borrower has had 34 days after notice ta�ith�r: (i}Corre�t�he matter vvhich resulted ir��he Security �nstrument com�ng due ar�d payable; or ��Pay�he balance in full; or �i��Se�l the Property for the lesser of the�alance ar 95°Io of�he appraised va�ue and app�y the net pro��eds of the sale to�vard the balance;or ��v�Provide the Lender vvi�h a deed�-�n--Iieu�f fareclasure. (e}Trusts, Conveyance of a Borrflwer's in�erest in�he Prop�r�y to a trus�which mee�s th� requiremen�s of the Secretar}�, or conv�yanc�of a trust's interests in the Prop�r�y to a Borr�wer, sha�l not be consider�d a con�eyance for purp�ses�f�his Paragraph 9. A trus�shall�at be considered an oc�upant or be cans�dered as ha�ing a princ�pal r�sidence for purpa�es of this Paragraph 9. (�Mvrtgage Not Insured. Borr�wer agrees tha�should this Secur�ty Instrument and the Note not be e�igible far�nsuranc�under�he National Housing Act wi�hin eigh��S)mo��l�s from the date hereaf, �f perm�tted�y applicable�aw Ler�der may,a�i�s�ption,require im�r�.ed�ate paymen�-�in-ful� � of al�sums secured by�h�s Secur��ty Instrumen�. A writt�n statemen�of an� author�zed agent af the Secretary dated subsequent��eight�S}months frnm the date hereof, decl�ning to�nsure this Se�ur�ty Zns�rument and�he No�e, shall be deem�d conclus�ve proaf of such ine�igxbility. No�withstand�ng th�f�reg�ing,�his ap��on may not be e�ercxsed b�Lender when�he una�a�labil��y af insurance is s�le�y due�o Lender's failure to remit a mortgage insurance premium to�he Secretary. 1�.Na I�eficienc�Judgments. Borr�wer shall ha�e n�personal 1ia�iiity f�r pay�m.ent of�he deb� s��ured by th�s Security �ns�runn�nt. Lend�r may enfar�e�he d��t�n�y�hrough sa�e�f the Praper�. Le�der sha�1 no�be permit��d to abtai n a deficiency�udgment aga�ns�B�rro�v�r�f th�Security �ns�rument is foreclosed. �f�his Secur�ty �nstrumen��s ass�gned�o�he Secretar�upon demand b��he Se�retary, Bo�-rawer shall nat be liab��for any diff�rence be�w�e�n�he mor�gage insurance�enef ts pa�d to Lender and�he�utstanding rndebtedness, in�luding accrued�r��eres�, ovved by BarrovWer at�h�t�me of the ass�gnment. 11.Reinstatement.Borrawer has a rrght to be r��ns�at�d�f Lender has requir�d immed�ate paymen�-in-full.This right app��es e�en after forec�osure proceedings are inst�tuted. To reinstate�his Security �nstrum�nt, B�rrower shall correc�the condition�vh�ch resui�ed in the requireme�t for immediate payment-in-�fu��. Far�c�osure costs and reasonable and customary a�torney's fees and e�penses prop�rly associa�ed�with the fareclosure proceeding shal�be add�d to the princ�pal balance. Up�n reinsta�ement b�Borrower,th�s Securi�y �nstrument and�he o�ligatians�ha�it secures sha�� r�main �n�ffec�as�f Lender had no�required immed�a�e paymen�-in-fu�l. H��ever, Lend�r is not reau�red to permi�re�n�ta.teme�t�f: (�)Lenc�er has accepted reins�a�ement after the com�nencemen�of farec�osure proceedings��hin tvv�years�mmed�ate�y pr�ceding the cammencemen�of a current f�rec�osure�roceeding, �ii} reinstatemen�will preclude fareclasure on different grounds�n�he future,or �iii�reinstatement v�ril� ad�ersely aff�ct the priority of the Security Instrument. Page 5��12 HECM First I3eed�fTrust