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��14��575 <br /> �iii3 Sell�he Property far the lesser of�h�balance or 95°Io�f�he ap�raised va�ue and apply �he <br /> net praceeds af�he sale�flward the balance;or <br /> �iv�Pro�ide the Lender with a deed-in�-lieu af fareclosure. <br /> �d]Trusts. Conveyance af a Barrow�r's interest in the Proper��to a�rust which me��s�h� <br /> requiremen�s of the Secretary, ar c�n�eyance of a�rust's in�erests in the Property to a Borro�v�r, <br /> shall not�e c�nsrdered a c�nveyanc�for purposes of�his Paragrap� 9. A�rust sha11 not be <br /> consid�red an occupant or be consxder�d as ha��ng a principa� res�dence for purpases�f this <br /> Paragraph 9. <br /> 1U.No Deficien�y Judgrnents. Borr�wer shail�ave�o personal l�a�iiity for payment of the deb� <br /> secured by thi�Securit� �nstrument. Lender may enforce�he debt only thr�ugh sale of the Pr�p��.y. <br /> Lender sha�I no�b�permit�ed ta abtain a deficienc}��udgment agair�s�Borrower if the Security <br /> �nstrumen�is forec�osed. <br /> 11. Reinstaternent. Borrower has a righ�to be reinstated if Lender has requ�r�d�mmed�ate <br /> payment-in-full. This righ�applies even after foreciasure proceed�ngs are�nstitu�ed. To reinstate this <br /> S�cur��y Instrument,�orro�er sha��correct the candi�ion vvhich resul�ed in the requirement f�r <br /> �mmediate paym�nt-in-fu�l. For�c��sure casts and reasonable and customary attorney's fees and <br /> e�penses proper�y associated uri���the fareclasure proceeding shal� b�added�a�he principal balance. <br /> t�pon reins�atemen�by Borrower,this Secur�ty �ns�rument and�he ob�igat�ons that i�secures shail <br /> rema�n�n effec�as if Lender had no�required�mmed�ate payment--in-full. Hovvever,Lender�s not <br /> re�uired�o perm�t reins�atemen�if: �i}Lend�r has accepted re�nstatement after�he commencem�nt of <br /> f�reclosure pr�ceed�ngs�vithin two years immed�ately preceding the commer�cement of a current <br /> farec�asure praceeding,�i�} reins�at�ment will preclude fareclosure on different grounds �n the future, ar <br /> �i�i�reins�a�emen�wi�l ad�ersely affect the pr�ori�y af the Se�uri�y �nstrumen�. <br /> 12.Lien �tatus. <br /> �a}�Vlod�fcatian. <br /> Borrawer agrees to ext�nd this Securi�y�nstrurnent in accardance v��th this Paragraph 12�a). If <br /> L�nd�r determines�hat the origina� Iien status of the Security Instrument zs jeapard�zed under <br /> sta�e law�inc�uding but no��imi�ed to situa�ions�xrhere��ae amaunt se�ured by the Se�ur�ty <br /> �nstrument equals or exc�eds the maximum principal amount stated or the miax�mum period <br /> under whi�h ioan advances retain the same lien pr�or�t� in�tia�Iy grar��ed�o Ioan ad�ances has <br /> exp i red3 and s�ate 1 avv p�rm its�he ari g�nal ��en s�a�us to be ma�n�ai�ed f�r future l oan advances <br /> �hrough the execu�ion and recorda��on of one or more documents,th�n Lender sha�� abtain title <br /> evidence a�Borrower's�xpense. If the t�tle evid�nc�indicates that�he property xs not <br /> er�cumbered by any lie�s�exce�t the F�rst Security �nstrumen�described�n Paragraph 13�a�, <br /> this S�cond Se�urity�ns�rumen�and an�subord�nate �iens that�he Lender det�rmines�vi11 a�so <br /> be subordinat��o any future I�an advances�, Lender shall reque��the Borrower ta execu�e any <br /> documen�s necessary to pro�ec�the l�en sta�us�f future lflan advances. Borrower agrees�o <br /> exe�ute such docum�nts. �f state Iavv does not p�rmit the original lien sta�us�o be e�.tended ta <br /> fu�ure loan ad�ances, Borrower w�ll�e deemed to have fa�ied�o have perform�d an ob��gation <br /> under�h�s Securit� Ins�rument. <br /> [�}Tax Deferral Programs. <br /> Page 5 of�� HECM Se�flnd Deed�f Tn.ast <br />