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2� 1 ��7�4 Eligible Nan-Sorr�wing Spouse whene�er any e�ent listed in Paragraph l��B}and��}�ccurs during a Deferral Period, �G} Tr,�usts. �nnveyance of a Borrower's intere�t in the Froperty�o a trust which meets the re�uirements of the Secretary, �r conveyance of a #�ust's interes�s in the Praper�y to a Borrower, shall not be cansidered a �on�eyan�e�or purpflses of t�ais Paragra�h 1�. A trus't si�all na�be c�nsi�ered an fl�cupant�r be consi�ered as having a Principal Residence far purposes of this Paragraph 1 U. �I�} Mart�age l�ot Ins�red. �orr�wer agrees that shouid thi�Security�nstrument and the Nate not be eligible �.....�,��_.�.� for insurance under the Natianal Haus�ng Act within eight�8�months from the date hereaf,Lender m�y,at its Qption, require immediate payment in full of al� sums secured �y this Securi�y Ins�rument. A written statement ❑f any authorized agent of the Secr�tary dated subsequent�a eight�8)months fram the date hereaf, declining to �nsure this Security Znstrument and the Note, shall be deemed conclusive praof af such ine��gibility. Not�ithstanding the foregoing,this option may not be exercYsed by Lender when the unavai�ability of insurance is s�Ie�y due to�,en�er's failure to remit a m�rtgage insurance premium to the Secretary. 11. No Defciency Judgments. Borrower shall ha�e no personal liability f�r payment of�he debt secured by this Security Instrument. Lender may enforce the debt�n�y through sale�f the Property. Lender shalt not be permitted to obtain a deficiency judgm�nt against Borr�wer if t�ie Security Inst�um�nt is fflre��s�d.If this Securi��Instrument is assigned to the Secre�ary upon demand by the S�cretary, B�rrawer shall not be liable for any d�fference between the mar�gage insurance henefits paid to Lender and the outstanding indebtedness, includxng ac�rued znterest, owed by Borrawer a�the time of the assignm�n�. 12. Reinstatement. Barrawer has a right to be re�nstated if Lender has re�uired imm�diate payment in full. This righ�app�i�s even after fare��asure procee�ir�gs are instituted. T�reinstate this Se�urity Instrument, Borrower s�all correct the condition whi�h r�suited in the reyuiremen� far imm�diate payment in ful�. Foreclosure cost� and reasanable and custvmary a�torneys' fees and expenses properly associated with the foreclosur�pr�ceeding shall be added��the principal bal�flce. Upon reinstatement by B�rrovver,t�� Security Instrument and t�re obligatians that it secure5 shall remain in effe�t as if Lender had not reQuired immediate payment in full. Howe�er, Lender is not reyuired to permit reinstatement if: �i} Lender has accepted re�nstatement after the commencernent �f f�reclasure procee�ings within twv�Z}y�ars immediate�y preceding the carnmencement of a current foreclosure praceeding,�ii) reinstatement will pre�lude foreclosure on different graunds in the furure,or(iii}reins�tatement will advers�ly affect the priority of the Security Instrumen�. 13. Deferral Period Reinstatement. If a Deferral Period ceas�s or�ecam�s unavailable because a Non-�orro�ing Spvuse na ��nger satisfies the Qualifying Attributes for a Deferral Per�od ar�d has becorne an Ineligible Nan� Bnrrowing Spouse,neither the Deferral Periad nor th�Security Instrument may�e reinstated. In the e�ent a Deferral Period ceases because an obligatian�f the�ate,th� Loan A�greemer�t or thi� 5�curity Instrument�as nat been met or the Note has become eligible to be ca�led d�e ar�d payable and �s in defau�t far a reason other than death, an Eligible Non-Bor�owing Spouse may ha�e a Deferral Period and this Securi�y Instrument reinsta�ed pra�ided that the c�nditian�hich resulted in the Defer�al Period ceasing is corrected�vithin th�rty�3�}da�s.A Lender may require the �ligible I�Ton-�orrvwing Spouse to pay far foreclosure cos�s and r�asonable and customary attorney's fee5 and �xpenses properly associated with the fareclosure proceeding, such c�sts may not be added to the Principal Baiance. Upo��reinstatement by an Eligible�on-Barro�ing Spause,�he Deferral Periad and�his 5ecurity Instrument and the ab�igatians that it secures shal� remaining effec� as if the Deferrai Period had not ceased and the Lender had no� reQuired imm�diate payment in full. Ho�ever, Lender is not requir�d�o permit reinsta�em�nt if ��}the Lende�-has a��epted a reins�at�ment af either the Deferrai Periad or this Security Instrument within the past tw� �2} years imm�diati�ly prec�ding the current noti�cation�o �he Eligib�e Nan-Borrowing Spouse that the mortgage is due and ayab�e; �ii} reins�atement of ei�her the Deferra� Period or this Se�uri�y �nstrument will pr�clude foreclosure in the �ne Re�erse Mortgage,LLG Laan Originatvr:Tiffany�3avis Company-NMLS#:2Q52-Laan Number:33498825�3 L�an�riginat�r NMLS#:7532�$1 �ebt�aska-1 S�MERS'Security fnstrument�Adjustable} Page b of 1� Q Bay Docs,LLC 03I4112015 q�33498825�3 �233 O��i �6��