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� ��14�4553 �r�i}Sell the Property for the lesser af the ba�ance or 95%of the appraised value and apply the � net proceeds of�he sa�e��ward the balan.ce;or ��v}Prav�de the Lender�v�th a deed--in--��eu of fareclosure. . . �d} Trusts. Ca�veyar�ce of a Borrower's�nteres��n�he Property ta a�rust whzch meets the � . requirernents of the Secretary, �r conve�ance�f a trust's interests in the Prapert�y to a Borrov�er, sha�l not be cons�der�d a c�nveyanc�for purposes of�his Paragraph 9.A trus�sha�1 not be ; consid�red an occupant�r be consid�red as h.aving a princ�pal residence for purpases of thYs P a�•agraph 9. � 1�.No Defic�ency Judgments.Borro�rer shall have na pers�na�Iiabil7ty far payme�t of�he debt � secured�y th�s Se�urity Yns�rument. L�nd�r may enfarce the debt only thraugh sale vf�he Proper�y. Lender sha��not be per�nit�ed to obtain a def�c�ency�udgment a�a�nst Borr�v�rer,Yf the Security Ins�rument is forec�osed, � 11.Rexnstatement.Borrawer has a right to be reinsta�ed if Lender has required immediate � � payment-�in�ful�.This right ap�Iies even after forec�osure proceedings are�nstituted.To reinstate this ., Security InstrumeYlt,Borrower sha�I corr�ct t�ze cond�tion which resu�ted in the requirement far � immedia��payment-xn-fu�l.Foreclosure�osts and reasonable and cust�mary at�orne��5 f��5 allC� expenses properly associated vvith the foreclosure proceeding shall be added to the prin��pal ba�ance. Upon r�instatement by Borrower,this Security Instrument and th�obl�gations that it secures sha�l remain in effect as if Lender had nat re�uxred xmmed�ate payxnent-in-fu1�.Hawever,Lender�s not required to permit reinstatement if: ��Lender has accep�ed reinstatement after the commenceme�.t of foreclosure praceedings v�ithin twa�ears�mmed�ately precedrng the commen�ement af a current foreclosure proceeding,�ii}re�ns�atement v�i�l prec�ude forecl�sure on dYfferent grounds in the future, or ' ��ii�reinstatement vvi�1 ad�ersely affect the priority�f the Securit�rnstrumen�. 12.L�en Status. �a� Modif�cat�an. � � Borrower agrees ta extend th�s S�curity Instrument in accordanCe vv�th th�s Paragraph �.2�a�.If � Lender d�termines tha�the original lYen status of the Secur�ty Instrument is j�opardized under : state Iaw�including but n�t�rmite��a sxtua�ions v�rhere the am�unt secured b��he S�curit� .� Instrulnent equa�s or exceeds the ma�irnurn princxpa�amount stated nr�he maximum periQd � under whi�h loan advances retazr�the same 1i�n priority initially grant�d to laan advances has � expired�and sta�e Ia�per�n�ts the origina�iien status to be main�ained for future lnan advan�es tl�rough the execution and recordati�n af�ne or more dacuments,then Lender sha11 obtain title � evidence at Borrower's expense.�f�he�it�e ev�dence�ndicates that�he proper�y�s not encumbered by a�y]i�ns�except the First Security Instrument described�n Paragraph 13�a�, this Second Security�nstrumerit and any subordinate�iens�hat the Lender deterrnin�s will a�so be sub�rdinate to an�future loan advances},Lender shall request the Borrower to e�.ecute any documents nec�ssazy to prvtect the�ien status of future loan ad�ances.Borrawer agrees to . execute such docuz�nen�s. If state Iaw does nat perm�t the ariginal��en status t�be e�tended to ;� future loan advances,Borravver wi11 be deemed t�have faxled to have performed an ob�xgation under th�s Security InstruYnent. , . [b�Tax Deferra�Programs. .� � Page 5 of 11 HECM Second Deed OfTrust