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2oioo2sgs 9. Grounds for Acceleration of Debt. (a) llefault. Lender may, except as limited by regulations issued by rite Secretary in the case a# payment defaults, require immediate payment in full of all sums secured by this Security Instrument if: (i) Borrower defaults by failing to pay in futI any monthly payment required by this Security Instniment prior tv ar on the due date of the next monthly payment, or (ii) Borrower defaults by failing, for a period of thirty days, to perform any other obligations contained in this Security Instrument. (b) Sale Without Credit Approval. Lender shall, if permitted by applicable law (including section 341(d) of the Gant-St Germain !]epositary Institutions Act of 1982, 12 IJ.S.C, 1701]-3(d)) and with the prior approval of the Secretary, require immediate payment in full of all sums secured by this Security Instnument if: (i) All ar part of the Property, or a beneficial interest in a trust owning all or part of the Property, is sold or otherwise transferred (other than by devise or descent}, and (ii) The Property is not occupied by the purchaser or grantee as his ar her principal residence, ar the purchaser or grantee does sa occupy the Property, but his or her credit has not been approved in accordance with the requirements of the Secretary, (c} Nv Waiver. If circumstances occur that would permit Lender to require iztuxtediate payment in full, but Lender does not require such payments, Lender does not waive its rights with respect to subsequent events. (d) Regulatlnns of HUD Secretary. In many circutstances regulations issued by the Secretary will limit Lender's rigltts, in the case of payment defaults, to require immediate payment in full artd foreclose if not paid. This Sectrity Instrument does not authorize acceletatSon or foreclosure if not permitted by regulations of fire Secretary. (e} Mortgage Not Insured. Borrower agrees that i# this Security Instrument and the Note are not determined to be eligible #or insurance under the National Hvuslag Act within GU days from the date hereof, Lender may, at its option, require immediate payment in full of all sums secured by this Security Instrument. A written statement of any authorized agent of the Secretary dated subsequent to 60 days tram the date hereof, declining to insure tltis Security Instrument and the Note, shall be deemed conclusive proof of such ineligibility. Notwithstanding the foregoing, this option may noE he exercisrd by Lender when the unavailability of insurance ]s solely due to Lender's failure to remit a mortgage insurance premium to the Secretary. ld, Reinstatement. Borrower has a right to be reinstated if Lender has required immediate payztteut in fnll because of Borrower's failure tv pay art amount due under khe Nate or this Security Instrument. 'T'his right applies even after #oreclosure proceedings are instituted. To reinstate fire Security Instrument, Borrower shall tender in a lump sum all amounts required to bring $orrower's account current including, to the extent they are obligations of Borrower under this Security Instnrnnent, foreclosure costs and reasonable and customary attorneys' fees and expenses properly associated with the foreclosure proceeding. Upon reinstatement by Borrower, this Security [rtsttument and floe obligations that it secures shall remain in effect as if Lender had not required immediate payment in full. However, Lender is not required to permit reinstatement if: (i) Lender has accepted reinstatement after the commencenrtent of foreclosure proceedings within two years immediately preceding the commencement of a current foreclosure proceeding, (ii) reinstatement will preclude foreclosure on different grounds in We future, ar (iii) reinstatement will adversely affect the priority of the lien created by this Security Instrument. 11. Borrower Not Released; Forbearance >ay bender Nvt a Waiver. Extension of the tune of payment or modification of amortization of the sums sec,°ured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not operate to release the liability of the original Borrower or Borrowet's successor in interest- Lender shall not be required to conurtence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower ar Borrower's successors in interest. Any forbearance by Lender irz exercising any right yr remedy shall not be a waiver of ar preclude the exercise of any right ar remedy. GV2171-5 (696) Page S of 8 FHA Nebraska Deed of Trust IIIIII VIII VIII VIII VIII Illll VIII VIII VIII VIII IIII 111111! III 111111 VIII VIII VIII Ills IIII ~ ], I7 1 1 6 5 p 7 I] G V 2 L 7 1 ll C~~ V ~