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��14��57� �ii} The Property is no�occupied by the purchaser or gran�ee as his or her principal residence, or the �� purchaser ar grantee daes sa occupy the Propert}�, bu� hYs or her credxt has no� been appra�ed in � acc�rdance v�ri�h the requxrements of the Secretary. � �c} Na �Vai�v�r. �f circumstances occur�ha�would permit Lender to requ�.re immed�a�e payment in fu��, � bu�Lender does n��require such pa�rnents, Lender does not waive its rxghts w�th respec�to su�sequen�e�ents: �d� Regulations of HUD Secretary. In many circumstances regula�ions issued by the Secretary wi�I limY� Lender's righ�s, in�he �ase of paymen�defaul�s, ��require Yrnmedzate payment in full and f�recl�se if not paid. This Securi�y Instrumen�does no�au�horize acceIeratron or fareclosure rf not permitted by regulat�ans �, of�he Secr�tary. �e} 1Vlortgage Not Insured. Borr�wer agrees �ha� �f. �his Securi�y Instrument and �he N�te are no� determined �o be eligible far insu.rance u�ader the Na�ional Housrng Act wi�h�n 6� DAYS from�he date hereof, Lender may, at zts op�ion, require xmmedia�e paymen�in fu�� of al1 sums secured by � �his Securi�y Instrumen�. A v�rrt�en s�atement of any authorized agent of�he Secretary dated subsequent to 6 0 L�AYS from�he da�e hereof, declining�fl insure�his Security Instrument and �he No�e, shall�e deemed conclusi�e proof of such inel�gi�i�i�y. N�tv�x�hstandzn�the foregoing, �his op��an �nay not be exercised by Lender when the una�ailabili�y of insurance is s��ely due�o Lender's failure�o remit a rnortgage insurance prem ium �o the Secre�ary. lU. Reinstatement. Borrovver has a rYgh�to be reins�ated if Lender has required imme�iate payment in fu�l because of Borrawer's failure�o pay an amoun�due under�he N��e ar this Security �ns�rument. This rYght applies eWen after foreclosur�proceedings are inst�tuted. T� �•e�ns�a�e�he 5ecur�ty �nstruinent, Borrower shal� �ender in a lump sum a�I amoun�s required to�r�ng Borrower's account current including, �o�he extent they are�bligat�ons af Borrower under�h�s Security Instruxnen�, foreclosur�costs and reaso�aable and custamary a�torneys' fees and expenses properly assocra�ed with the forec�osure praceeduab. Upon re�ns�atement by Barravwer, this Secur�ty Instrument and the obligations tha� i� secures sha�l remain in effect as if Lender had not requ�red immedia�e payment in fu��. ., Hawe�er, Lender �s no� required �o permx� reins�a�ement if: ��} Lender has acc�p�ed reinstatem�n� after the cammeneement of foreclosure proceedings wi�hYn�o years�mmed�ately preceding th�commencemen�of a curr�nt � foreclasure proceeding, �ii� reins�atement will preclude fareclosure on differen� graunds in the future, or �iii} reinstatement will adverseiy affec�the priori�y of�he l�en created by thYs Securi�Instrumen�. 1 x. Borrower Nat Released; Forbearance by Lender Nat a 'V4�arver, Extensian of�he �ime of payment or` modifica�ion of amortiza��n of the sums secured by this Security Ins�rumen�granted by L�nder�o any successor in �n�erest of Borrower shall not operate�a re�ease the l�ab�lrty of�he ar�g�na� Barrflwer �r Borrower's successors in interest. Lender sha�l not be requ�red to co�n�nence proceed�ngs agaYnst an�successor in in�erest or refuse�o extend time for payment or o�herwise modify am�r��zat�on of�he sums secured by�his Security Instruunen�by reason of any demand made by the orig�nal Borrower or Borrower's successars in�nterest. An�f�rbearance by Lender in ex�rcising any right or rexn edy shall no��e a v�aiver af or prec�ude�he ex�r�ise of any rrght or remedy. xZ. Successors and Assigns Bound; Joint and Se�era�Liability; Co-Signers. The cn�enants and agreements of�his Security �ns�rum�n� shall bind and benef t the successors and assxgns of Lender and I3orrower, subjec�to �he pro�is�ons of paragraph 9�b�. Borrower's co�enants and agreemen�s s��a�l be jain�and se�eral. Any Borrower who ca�signs �his Securxty Instrument but does not execu�e the No�e: �a} is co-5igning this Securi�y Ins�rument only ta mortgage, grant and convey�hat Borrawer's in�erest Yn�he Property under�he terms of this Securi�y Instrumen�; �b} is z�at persanall}� obligated �o pay the sums secured vy this Securxty�nstrumeY�t; and�c} agrees�ha�t Lender and any other Borrawer may agree to ex�end, modify, forb�ar ar lnalfe any accolnmoda�i�ns v�x�h regard�o the�erms of�his Secur�ty Instrument or the Note withaut�hat Borrawer's consen�. 13. Notices. Any no�ice�o Borrower proWided for in this Secuarity Inst�u.men�sha�l be g��en by deliverxng it ar by marling i�by firs�class mai� un��ss app�icable Iavv requrres use of ano�her me�hod. Th�notice shall be direc�ed �a��he Pz•�perty Address or any other address Borrower desxgnates�y no�ic�ta Lender. Any no�ice�� Lender sha�� .} be giWen by firs�class ma�l�o Lender's addr-ess s�ated herein or any add�•ess Lender designates by n��i�e�o Borrower: Any notice proWided fox• in this Securi�.y�nstru.ment shalX be deemed i:o haWe been gr�en��Borrower or Lender when gi�en as pro�ided in this paragrap�a. , ; FHA NEBRASI{A ❑EED QF TRUST - MERS DdcN�agic NED�TZ.FHA �71�3112 Page 5 of 9 www.dacmagic.corrr � �