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��14�5757 CASE #: NE32133355n3703 DO� ID #: ********352�08�14 tb} Sale Without �redit Ap�aro�al. Lender shali, if permitt�d b� applicahl� law �including Section 341(d} of the Garn�St. Germain Depository Ir�stitut�ons Act ❑f 1982, 12 U.S.C. I7�lj-3�d}} and with the prior appro�al of the 5ecretary, require immediate payment in fuli ❑f all sums secured �y this 5ecwri�y Instrument if: �i} Al�or part vf the Prop�rty, ar a beneficial interes�in a trust owning all or part af the Prap�rty,is sold or�theY-�vise transferred �other than by devise or des�enf),and �i�� The Pr�perty is n�t occupied hy the purchaser ar grantee as his❑r her principal residence, or the purchaser or grantee does sa o�cupy the Praperty hut his ar her credit has not h�en approved in accordance with the requirements af the 5ecretary. (c3 No�Vaiver.If�ircumstances vccur tha�would p�rmit Lender to require immediate payment in full,but Lender do�s not require such payments, Lender does not vvaive its rights with respect t❑ subsQqu�nt e�ents. �d� Regulations of HUD Secre#ary.In many circumstances regulations issued by the Secretary�ri111ixn�t L�nder's right�,in the case of pa�rnent defaults,to requirQ immed�ate payment in full and fareclose if not paid. This Security Instrumen� does not authorize accelerati�n or fore�losure if not permitted �y regulati�ns of the 5ecretary. (e} Mortgage Not Insured. Borrower agr�es that if this 5ecurity Instrurnent and the Note are nat d�termined t❑be eligihle f�r insurance under the National Housing Act vvithin fi� da�s from the date hereof, Lender may, at i�s option, require immediate payment in fu11 �f all sums se�ured b� this 5ecur�ity Instrument.A written statement vf any autharized agent af th�5ecretary dated subsequent to fi� days frvm the date herevf, dec�ining to i�sure this Securit� Instrument and the N�tQ, shall be deemed �onclusi�e proof of such ineligibility. Notwifhstanding the foregoYng, this option ma�not he ex�rcised hy Lender when the unavailabilit� of insurance�s solely due to Lender's fai�ure tn remit a mortgage insurance premium to the Secretary. 10. Reinstatement. Borrower has a right to b� reinstated if Lender has required imrn�dia�e payment in fu�l hecaus� of Borrower's failure�o pay an amount due under the I�+Iate or this 5ecur�ty instrument. This right applies e�en after foreclosure prviceedYngs are inst�tuted. To reinstate the Security �nstrument, Barrower shall t�nder in a�ump sum a��amounts required to bring Borrower's acc�unt current includ�ng,to the Qxtent they are �b�igations of Borrower under this Security �nstrument, foreclosure casts and reasanable and customary attarneys' fees and expenses properl� associated vvith the f�re�losure proceeding. Upon r�instatement by Bvrrovver,this Security�nstrument and the obligations that it secures sha�1 remain in effect as if Lender had not requir�d immediate payment in ful�. However, Lender is nvt required t� permit reinstatQment if: �i} Lender has accepted reinstatQrnent after the cnmmencement�f foreclosure proceedings within tWvo years immediately preceding #he commencement ❑f a current forecl�sure pro�eeding, �ii} reinstatement wiii preclude forec�osure on different grounds in the future, ❑r �iii} reinstatement vvili adversely affect the priority of the Iien created h�th�s Security Instrumen�. 11. Borrower No� Released; Forbearance By Lender Not a Waiver. Extension vf the time of payment ❑r modi�cat�on of am�rtization of the surns secured by th�s 5ecur�ty Instrument granted b� Lender to any successar in interest of Barrovver sha1l not operate ta rel�ase the liability ❑f the original Barrov�er or BorravWer's successor in interest. Lender shall not be required t� cornmence prviceedings against an� succ�ssor in interest or refuse #o extend time for payment or otherwise modify amortizat�on of the sums secured�ay#his 5ecurity Instrument hy reasan❑f any d�mand made by the original Borrawer ar Borrvv�er's su�cessors in interest.Any fvrhearancQ hy Lender in exer�ising any right�r r�medy shall not be a wai�er of or preclude the exercis�of an�righ�or r�medy. MERS FHA De�d of Trust-NE '!�04M-N E�Q8113} Page 6 af'I U