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201500162 reasonable manner and at reasonable times provided that Lender shall give the Borrower notice prior to any inspection or appraisal specifying a purpose for the inspection or appraisal which must be related to Lender's interest in the Property. If the Property is vacant or abandoned or the loan is in default,Lender may take reasonable action to protect and preserve such vacant or abandoned Property without notice to the Borrower. 7. Condemnation.The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or other taking of any part of the Property,or for conveyance in place of condemnation, shall be paid to Lender. The proceeds shall be applied first to the reduction of any indebtedness under the Second Note and this Security Instrument, and then to the reduction of the indebtedness under the First Note and First Security Instrument. Any excess proceeds over an amount required to pay all outstanding indebtedness under the Second Note and this Security Instrument and the First Note and First Security Instrument shall be paid to the entity legaliy entitled thereto. 8.Fees.Lender may collect fees and charges authorized by the Secretary. 9. Non-Borrowing Spouse. Borrower,N/A is married to N/A("Non-Borrowing Spouse"),who is not a Borrower under the terms of the"Second Note," "Loan Agreement" or this Security Instrument. 10. Grounds for Acceleration of Debt. (a)Due and Payable-Death. (i)Except as provided in Paragraph 10(a)(ii),Lender may require immediate payment in full of all sums secured by this Security Instrument if a Borrower dies and the Property is not the Principal Residence of at least one surviving Borrower. (ii)Lender shall defer the Due and Payable requirement under Paragraph 10(a)(i)above for any period of time("Deferral Period")in which a Non-Borrowing Spouse identified in Paragraph 9 resides in the Property as [his/her]Principal Residence and all of the following conditions are, and continue to be,met: a. Such Non-Borrowing Spouse remained the spouse of the identified Borrower for the duration of such Borrower's lifetime; b. Such Non-Borrowing Spouse has occupied, and continues to occupy,the property securing the Second Note as [his/her] Principal Residence; c. Such Non-Borrowing Spouse has established legal ownership or other ongoing legal right to remain in the property securing the Second Note; d. All other obligations of the Borrower under the Second Note,the Loan Agreement and this Security Instrument continue to be satisfied; and e. The Second Note is not eligible to be called due and payable for any other reason. Should any of these conditions for deferral of Due and Payable status not be met at any time,the deferral of the Due and Payable status shall cease and the Second Note will become immediately Due and Payable in accordance with the terms of the Second Note. (b)Due and Payable- Sale.Lender may require immediate payment in full of all sums secured by this Security Instrument if all of a Borrower's title in the Property(or his or her beneficial interest in a trust owning all or part of the Property)is sold or otherwise transferred and no other Borrower retains title to the Property in fee simple or retains a leasehold under a lease for less than Page 4 of 12 HECM Second Deed Of Trust—: