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��14��5�� <br /> and(c�occurs duri ng a Deferral Peri od. <br /> �g} Trusts. Con�eyance af a Borrawer's interes�in the Prop��rty to a trust which meets the <br /> requ�rements of the Secretary, or con�eyanc�of a trust's inte�rests in the Prop�rty to a Borrower, <br /> shall not be consid�red a con�eyance for purpases of th�s Paragraph 1�. A trust shall not b� <br /> �onsidered an occupant or be considered as ha�ing a princip�.l residence for purpos�s of this <br /> Paragrap�� 1 D. <br /> 11.No Deficiency Judgments. Borrower shall ha��no personal l i abi��ty for payment of the debt <br /> secured by this Security Instrument. Lender may enforc�the debt��nly through sale af th� Property. <br /> Lender shal� po�be perm�t�ed to obtain a deficiency�udgmen�agai�s� Borrawer if the S�curity <br /> Instrument is foreclosed. <br /> 12. Reinstatement. Borrower has a right to be reinstated if Lender has required immediate <br /> payment-in-full. This right applies e�en after forectosure praceedirigs are�nstituted. To reinsta�e this <br /> Security Instrument, Borro�v�r sha�1 correct the conditi�n which re:3ulted in the re�uirement for <br /> im�nediate payment-in-fu11. Fnreclosure c�sts and reasanable and�ustomary attorn�y's fees and <br /> expenses properly associated w�th the f�reclasure proceeding shall be added to�he principal balance. <br /> Upon reinstaterr�ent by Borrovver,this Secur��y Instrument and the obligatians that it secures shall <br /> remain in effect as if Lender had nat requ�red immediate payment-in-fu��. H��ve�er, Lender is not <br /> re�uired to pern�it reinstatement if: �i}Lender has accept�d reinstatement after the��mmenC�ment of <br /> foreclosure praceedings within two years immediately preceding t��e commencement af a curr�nt <br /> foreclosure proceed�ng,�ii}reinstatement will preclude f�reclosure on differ�n�grounds in the futur�, or <br /> (i i i}rei nstatement vvi l� ad�ers�ly affect the priority of the Security [nstrument. <br /> 13. Lien Status. <br /> �a}Mvdif cation. <br /> Borrower agrees to extend this Security Instrument in accordance with this Paragraph 13�a}. If <br /> Lender determ i nes that the origi nal 1 i en status of the Sec urity �p strument i s j eopardi zed under <br /> state law�inctuding but not limi�ed t�situations where t�ae amount secured by the Security <br /> Instrument equa�s or exce�ds the maximum principal amount stated ar the maximum period <br /> under which loan ad�ances retain the sarne 1 ien priority i ni�ial ly granted to �oan ad�ances has <br /> expired�and state law permits the original lien status to��e maintained for future �oan ad�ances <br /> through th�execu�ian and recflrdation ot'one or mare documents,then Lender shall obtain title <br /> e�idence at Borrawer's expense. If�he title e�idence indicates that the property is not <br /> encumbered by any �i�ns�except th� First Se�ur�ty I nstr��ment des�rihed in Paragraph 14(a�, <br /> this S�cand Security �nstrument and any subordinate 1ier�s that the Lender determines will alsa <br /> b�sub�rdinate to any future loan ad�ances}, Lender sha�1 request the Bnrr�vver to execute any <br /> dacuments nec�ssary tfl protect�he lien status of future loan ad�an�es. Borrower agrees to <br /> execute such documents. If state law does not permit th�original lien status to be extended to <br /> future �aan ad�an�es, Borrower wi 11 be deemed to ha�e�ai l ed to have performed an ob�i gati on <br /> under th�s Security Instrument. <br /> �h}Tax Deferral Programs. <br /> Borrower shal� not participate in a real estate tax deferra� program, �f any I iens creat�d by the <br /> tax deferral are not su�ordinate to this Security Instrume:�t. <br /> Page fi of 12 HECM Second Deed�f Trust--: <br /> , <br />