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201500162 99 years which is renewable or a lease having a remaining period of not less than 50 years beyond the date of the l 00th birthday of the youngest Borrower or retains a life estate(or retaining a beneficial interest in a trust with such an interest in the Property). A deferral of due and payable is not permitted when a Lender requires immediate payment in full under this Paragraph; or (c)Due and Payable with Secretary Approval. -Lender may require immediate payment in full of all sums secured by this Security Instrument,upon approval of the Secretary, if: (i)The Property ceases to be the principal residence of a Borrower for reasons other than death and the Property is not the principal residence of at least one other Borrower; or (ii)For a period of longer than 12 consecutive months, a Borrower fails to occupy the Property because of physical or mental illness and the Property is not the principal residence of at least one other Borrower; or (iii)An obligation of the Borrower under this Security Instrument is not performed. A deferral of due and payable is not permitted when a Lender requires immediate payment in full under Paragraph 10(c). (d)Notice and Certification to Lender.Borrower shall complete and provide to the Lender on an annual basis a certification, in a form prescribed by the Lender,s�ating whether the property remains the Borrower's Principal Residence and, if applicable,the principal residence of his or her Non-Borrowing Spouse. Where a Borrower has identified a Non-Borrowing Spouse in paragraph 9,the Borrower shall also complete and provide to the Lender on an annual basis a Non-Borrowing Spouse certification, in a form prescribed by the Lender, certifying that all requirements for the application of a Deferral Period continue to apply and continue to be met. During a Deferral Period,the Borrower's annual certifications,required by this paragraph,must continue to be completed and provided to the Lender by the Non-Borrowing Spouse. The Borrower shall also notify Lender whenever any of the events listed in this Paragraph 10(b)and (c)occur. (e)Notice to Borrower.Lender shall notify Borrower whenever the loan becomes due and payable under Paragraph 10(b)and(c).Lender shall not have the right to commence foreclosure until Borrower has had 30 days after notice to either: (i)Correct the matter which resulted in the Security Instrument coming due and payable;or (ii)Pay the balance in full; or (iii)Sell the Property for the lesser of the balance or 95%of the appraised value and apply the net proceeds of the sale toward the balance;or (iv)Provide the Lender with a deed-in-lieu of foreclosure. (�Notice to Secretary and Non-Borrowing Spouse. Lender shall notify the Secretary and any Non-Borrowing Spouse identified in Paragraph 9 whenever any event listed in Paragraph 10(b) and(c)occurs during a Deferral Period. Page 5 of 12 HECM Second Deed Of Trust-: