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� j ��14��5�1 time,�he deferral of the Due and Payable Status sh,�l� cease and the Note vvill become immedia�ely due and payable in a�cordance w�th the t�rms of the Note. b Due and Pa able- Sale. Lender may require immed�ate��ayment in fu11 of al� sum�secured by � } y this Securit Instrument if all of a Borrower's ti�ie in the Property �or his or her beneficia] interest Y . in a trust ownin all or part�f the Property}is sold or otherw�s�transferred and no other Borrower � retains title to the Property in fee simple ar re�ains a leas�holc�und�r a lease for less than 99 years which is renewable or a lease ha�ing a remaining�eriod af n+�t less than 5�years beyond the date of the i��th birthda of the youngest Borrow�er or retains a l i fe estate(or retarning a beneficial Y interes�in a trust with such an int�rest in the Property�. A deferral �f due and payable is nat p ermitted when a Lender requires immediate payment in fu11 und�r this Paragraph. I]ue and Pa able with Secretary Approval. - Lender may require immed�ate paymen�in full t�� y of all sums secured by this 5e�urity Instrument, upon approval of the 5ecretary, if: i The Pro ert ceases to be the�rincipal residence of a Borrower far reasons other than death � } � y and tl�e Property is not the princ�pal res�dence af at least�ne other Borrvwer;or ii For a eriod�f longer than 12 consecuti�e months, a Borrovver fails to occupy the Property� � } p �aecalise�f h sical or mental illness and the Propert� is na�the princ�pal residence of at Ieast � Y ane other Sorro�ver; or i�i An obl i ati on of�.he Borrower under this Security I��strument i s not perfarmed. � � � A deferral �f due and a able is not per-��ni�ted�vhen a Lender requires immedia�e payment in PY ful� under Paragraph 1��c}. d Notic�and Certificatian to Lender. Borrawer shatl coinplete and pro�id��o the Lender on an � � annual basis a cer�ification, in a form prescribed by the L�nc�er, stating whether the property ins the Borrower's Pr�nci al Residence and, if appli�ab�e,�he principal residence of his or her rema P - orrawin S ouse. �Vhere a Borrower has iden�ified a Non-Borro�ing Spouse in Paragraph Non B g P r on an annual basis a Non-Bar�'ow�pg 9,the Borrower shal� also complete and pr�vide to the Lende S ouse certification, in a form prescribed�y the Lender,cer�ifying that all r�Quirements for the P a lication of a Deferral Period continue to apply and conti��ue to be met. During a Deferral PP Period the Borrower's annual certifications,requ�red by�hir�paragraph, mus��ontinue to be � �om leted and ro��ded to the Lender by the Non-Borrowir�g Spouse. Th�Borrower sha�} a so � P notify Lender whene�er any of�he e�ents listed in Paragraph 1��b}ar�d�c�flccur. e Notice to Secretar and Barrower. L�r�der shall notify the Secre�ary and Borrower wh�ne�er � � � loan becomes due and a able under Paragraph 1��b}and�c}. Lender shall not ha�e the right the P Y �o commence foreclosure until Sorrower ha.s had 30 days a#'t�r notice to either: i Correct the matter which resulted in the Security �nstrument coming due and payable;or � } (ii} Pay the balance in full;or iii Sel� th�Pro ert far the lesser of the balance nr'a5�/o of the appraised�alue and apply � } p y the net proceeds of�he sale toward the balance; or �i�}Pro�ide the Lender with a deed�-i n-1 i�u of forecic�sure. Page 5 of 13 HECM First Deed�t Trust-�014