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201505000
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Last modified
7/21/2017 3:10:59 AM
Creation date
7/23/2015 2:00:17 PM
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DEEDS
Inst Number
201505000
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��15�5DUU <br /> �ii� Lender Shall defer the due and payable requiremen�under Pa�agraph '�O�a��i} abo�e for <br /> any period of time �"De�erral Period"� in which a Non--Borr�wing S�ouse identified in <br /> Parag�aph 9 qualifies as an Eligi��e Non--Borro�ing Spause and cer�ifies all o� the <br /> �ollowing canditions �re, and cflntinue�o be, met= <br /> a. 5uch Eiigible Non--Barrowing Spouse remained the spouse af the �denti�ied <br /> Bvrrower for fhe d.u�ra�ian af su�h Bvrrawer's iifetime; <br /> b. 5u�h Eligib�e Non--Sorrowing Spouse has occupied, and cantinues�o ac�upy, the <br /> Praperty as h�s or her Principal Residenc�; <br /> c. Such Eligibie Non-Borrowin� �pouse has es�ab�ish�d legal ownershi� ar o�her <br /> ongoing I�gal right to remain in�he Properfiy; <br /> d. A!l ��f�er obliga�ians of the Barrower un�er the No�te,the Lnan Agreement and this <br /> Secu ri�y I nsfirurnent�antinue to he satisfied; an� <br /> e. The Note is not el�gible t�b�call�d d�e and payable for any other reason. <br /> This sub-�aragraph �ii} is inappl�cable ar nuli and void if an Eligibfe Non--Bo�rowing S�ouse is <br /> or be�om�s an Inelig��le Non-Barr��rvEng Spause a#any�ime. Further, during a de�erra�of the <br /> due and payable status, should any of the cand�tions �ar deferra� cease tv be met, such a <br /> deferral sha�f �mmediatefy cease and th� hlote wifl become immediate�y due an� payabie in <br /> accordance wfth the provisions af Paragraph 7'�a}�i}v��he Note: <br /> �b} D�e and Payahle—Sale� L�r�der may requ�re immedEa�e paymenf in full af a�l sums se�ured <br /> by this SecurEty Ins�rumen# if all of a B��rower`s tit�e in the Proper�y �ar his or her benef�ia! <br /> interest in a trust flwning alf or part of the Praperty} is sald v� othe�wise transf�rr�d and n❑ <br /> ather Borrvwer r��a�ns ti#le to �he Property in f�e si�ple�r retains a feasehold under a lease <br /> fa�-not le�s than 99 years wh�ch is renewable ar a lease ha�ing a remaining period of n�t less <br /> than 5�years beyond the date af the 1���h �Erthday af�he yaungesf Barrov�rer�r retains a Iife <br /> e�ta�e �ar �efain�n� a beneficial interest in a trust w��h such an inferest in the Pr�perty}. A <br /> d��er�al �f due and p�y�ble sfia�us 15 not perrnitt�d when a L�nder requ�res imrnedia�e <br /> payment in full under this Paragraph. <br /> ��} Due and Payahle with Se�retary Approval. Lender rnay require immedia�e paymen�in fu[I of <br /> all sur�ns se�ured by this Security lnstrurnen�, upon approvai o�the 5eeretary, if: <br /> �i} Property ceases �a be the Principa� Resid�n�e Qf a Borrower for reasons v�her than <br /> death and the Praper�y is not the P�incipai Residence��a�least one other Bvrrvwer; vr <br /> � �i�} Far a period of longer �ha� tweiv� ���} cansecu�i�e rnonths, a Barrovuer�ai�s t� accupy <br /> the Praperty because af physica� or men�ai i�lnes� and th� Proper�y is nat#he Pr�ncipal <br /> Resid�n�e af at f�ast❑ne o�her Bor�awer; or <br /> �iii} An obllga�ion of�he Borrvrrver und�r this Securify lnstrumen�is nat perf�rmed. <br /> A def�rra! of d ue and payable s�atus �s no� permitted w�en a Lender requires imme�i�te <br /> �ayrnent in fuli under Paragraph �D�c}. <br /> �d} Natice and Cer�ifica#�on to Lender. Bo�rower shall camplete and pr�Wide to�he Lender�n an <br /> ' annual hasis a cerfiificatE�n, in a fvrrn prescr�b�d by the Lender, sta�ing whe�her the Property <br /> rema�ns the Borrowe�'s Principal Residence and, if applicable,the Pr�n�ipa{ Residence of his or <br /> f:. <br /> ; <br /> T754❑ � EN302 � <br /> Accenture Mortgage Cadence❑ocument Center a a228 �5 of 13} Nebraska❑eed of Trust HECM ADJ�STABLE RATE-MERS <br /> �3f�l5 <br />
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