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� ��14�4553 <br /> an}��nspection or apprarsal specifying a purpase for the rnspectian or appraisa��vhich must be related to <br /> Lender's interest in the Praper�y.rf th�Prop�r�y is vacant or abandoned ar the�oan is in defau�t,Lender <br /> 1na�take reasana��e action to protect and preserve such va�ant or abandaned Praper�r without nat�ce t� � <br /> th�B arro�ver. � <br /> � <br /> 7.��ondemnatian. The praceeds af any award or c�a�m.for damages, direct or con��quentxa��ir� <br /> connectian�vith any condemnatran or other taking of any part af the Property,�r f�r canveyance in <br /> place af�ondemnatian, shal�be paid.to Lender. The praceeds shal�be applied firs�t�the reductian of <br /> any Ynde�b�edness��nder the Second Note and this Securi�y Instrument. Any excess proceeds over an <br /> ainaunt required to pay a1.I ou�standing�ndehtedness under���e Second Note and this Securzty znstrument <br /> shall be paid t�the entity legal�y entit�ed thereto. <br /> S. �`ees.Lender may����ec�f�es and charges authorized b�the Secretar�for�he Home E�uxty <br /> Conversion Mor�gage�nsurance Program. � � <br /> 9. Grounds for Acceleration of Debt. <br /> (a�Due and Payable.Lender lnay require payrnent-in-full of al1 sums�ecured�y this Secur�ty <br /> Instrttm�nt if , <br /> , ��}A Borraw�r dies and the Property is nat the�rir��ipa�reszdence of at least one surviving <br /> � Barrawer; or <br /> . �ii}A�l of a Borrovsrer's tit�e in the Proper� �or his�r her benef�cial interest in a trust awning <br /> � al�or part af the Prvper��is so�d or atherv��se transferred and no other Borrower retains t�t�e <br /> �+ to the Propert�in fee simpl�or reta�ns a leaseho�d under a lease for no�less tha�99 years <br /> � <br /> wh�ch rs renewable or a Iease ha�ing a remain�ng p�riod of not�ess than 5�years beyond the <br /> date of the I DD�h b�r�hday of the yaungest Borrovver or re�arns a l�fe es�ate�or reta�n�ng a � . <br /> , benef cial interest�n a�rust vvith such an�nterest in the Propert��; or <br /> �ii��The Praperty�eases to be the pr�ncipal residence of a Borrower for reasons other than <br /> death and the Properry�s not the pr�nc�pa�res�dence of at least one�ther BorroWer; or <br /> �iv�For a period�f Ionger than 12 consecutive moz�ths,a Barrower fails ta occupy the Proper�y � <br /> . �because�f physical or mental il�ness and the Property is not t�ie princi�al residence af at least <br /> � � ane ather B orr�v�er; or <br /> � <br /> �v}An ab�igati an of the B orr�wer under th�s S ecurity In strument is nat perfarmed.. � <br /> � � �b�Noti�e to Lender.Borrovver shall notify the Lender whenever an}�of the events listed in <br /> Paragraph���a}(ii}--�v�occur. � <br /> (c�Notrce to Borra�ver. Lender shall notif�Barrower when�ver the�oan becames due and . <br /> � pa�abte under Paragraph 9�a��ii}-���.Lender sha�1 not have the rxght to cnmmence f�rec�osure <br /> ; un�il Borrov�rer has had 3�da�s after notice to erther: <br /> � �i}�orrect t��e matter�rl��ch resulted in the Security Instrum.ent comxng due and payable; or <br /> �ii}Pay the balance in fu11; or � � <br /> . Pa�e 4 of�1 HECM Secand Deed�f Trus� � <br />