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200210761 S. Fees. Lender may collect fees and charges authorized by the Sccrctary for the Home Equity Conversion Mortgage Insurance Program. 9. Grounds for Acceleration of Debt. (a) Due and Payable. Lender may require immediate payment in full of all sums secured by this Security Instrument i C (i) A Borrower dies and the Property is not the principal residence of at least one surviving Borrower; or (ii) All of a Borrower's title in the Property (or his or tier 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 fec simple or retains a leasehold under a lease for less than 99 years which is renewable or a lease having a remaining period of not less than 50 years beyond the date ofthe 100th birthday ofthe youngest Borrower or retains a life estate (or retaining a beneficial interest in a trust with such an interest in the Property); or (iii) 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 (iv) For a period of longer than twelve (12) consecutive months, a Borrower fails to occupy the Property because of physical or memo] illness and the Property is not the principal residence of at least one other Borrower; or (v) An obligation ofthe Borrower under this Security Instrument is not performed. (b) Notice to Lender. Borrower shall notify Lender whenever any of the events listed in Paragraph 9(a)(i) -(v) occur. (c) Notice to Burrower. Lender shall notify Borrower whenever the loan becomes due and payable under Paragraph 9 (a)Qi) -(v). Lender shall not have the right to commence foreclosure until Borrower has had thirty (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 ofthe balance or 95% ofthe appraised value and apply the net proceeds of the sale toward the balance; or (iv) Provide the Lender with a deed in lieu offoreclosure. (d) Trusts. Conveyance of Borrower's interest in the Property to a trust which meets the requirements of the Secretary, or conveyance of a trust's interests in the Property to a Borrower, shall not be considered a conveyance for purposes of this Paragraph 9. A trust shall not be considered an occupant or be considered as having a principal residence for purposes ofthis Paragraph 9. 10. No Deficiency Judgments. Borrower shall have no personal liability for payment of the debt secured by this Security Instrument. Lender may enforce the debt only through sale of the Property. Lender shall not be permitted to obtain a deficiency judgment against Borrower ifthe Security Instrument is foreclosed. 11. Reinstatement. Burrower has a right to be reinstated if Lender has required immediate payment in full. This right applies even after foreclosure proceedings are instituted. To reinstate this Security Instrument, Borrower shall correct the condition which resulted in the requirement for immediate payment in hall. Foreclosure costs aid reasonable and customary attorneys' foes mid expenses properly associated with the foreclosure proceeding shall be added to the principal balance. Upon reinstatement by Borrower, this Security Instrument and the obligations that it secures shall remain in effect as if Lender hall not required immediate payment in full. however, Lender is not required to permit reinstatement if; (i) Lender has accepted reinstatement after the commencement of foreclosure proceedings within two years inunediately preceding the commencement of a current foreclosure proceeding, (it) reinstatement will preclude foreclosure on different grounds in the future, or (iii) reinstatement will adversely affect the priority ofthe Security Instrument. 14x 11M Pnge4