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201005158 9. Growndsivr /lcaelerationof Debt, (a) Due and Payable. Lander may t+equre immediate payment in fuY a[ ad sums secured by ie Security Instrument if: {i) A Borrower dies and the Pnaperty is not the prirtapal r~sidenoe of at feast one surviving Borrower, or (ii) All of a Borrower's title in the Property _ (ar his or her beneftcial interest in a mist owning all ar part of the Pmperty} rs sold ar otherwise transferred and no other Borrower retains true to the Proper[y in. fee simple or retains a leasehold under a lease for not less than 99 years which is renewable ar a lease having a remaining period of not less than 50 years beyond the date of the tUDth birthday of the yo eat Borrower or retains a life estate (or retaining a benefiaal interest in a trust with such an interest in the Property)- (b) Due and Payable tenth $ecr+etary A~apraval. Lender may require immediate payment in full of all sums secured by this Secunty Instrument, upon approval of the Seaietary, if: (r) The Property ceases to be the principal residence of a Borrower for reasons other than death and the Properly is not the principal residence of at least one other Harrower; or (ii) For a period of bnger than twelve iz) consecutive months, a Bornawer fails #o occupy the Property because of ph sica~ or mental illness and the Property is oat the nc>Ipal residence of at least one other Borrower; ar iii) An obligation of the Borrower under this Security Instrument is not performed. #h~ Notice to Lander. borrower shall notify Lender whenever any of the events listed in ~s Paragraph (a) (~) ar (b) occur. (d) Notice to Secretary and Borrower. Lender shalt notify the Secretary and Bornower' whenever the loan becomes due and payable under Paragraph 9 (a) (ii) ar {b~ Lender shall not have the right to aammence foreclosure until Borrower has had thirty (17) days after notice to either: (i) Gorrect the matter which resulted in the Security tnstrument coming due and yab[e; or ii) Pay the balance in full; or iii) Sell the Property far the lesser of the balance or 95% of the appraised value and pphr the net proceeds of the sale toward the balance; yr ro provide the Lender with a deed in lieu of foreclosure. (e) Trusts. Canoeyan~e of a Borrower's interest In the Property to a trust which meets the requirements of the Secretarryy or conveyance of a trust's interests in the Prep~ty 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 urpase~ of this Paragraph 9. gf) Mortgage Not Insuried. Borrower agrees that should this Security Instrument and the ate oat be eligible for Insurance under the Nafianal ousing Act within sI7(TY DAYS from the date hereof, if rrnitted by applicable law t-ender may, at its option, require immediate payment in full of ell sums secured by this Security Instrument. A written statement of any authorized agent of the Secretary dated subsequent to aI~ t~xs from the date hereof, declining th insure this Security Instrument and the Note, shall be deemed conclusive proof of such ineligibility. Notwithstanding the faregvirtg, this option may not be exercised by Lender when the unavailability of insurance is solely due to Lender's failure to remit a mortgage insurance premium to the Secretary- 10. No Deflclency Judgmenu. Borrower shall have no personal liability for payment of the debt secured by this 5eeurity lnsirument. Lender may enforce the debt only through sale of the Property. Lender shall oat be permitted, th obtain a deficiency judgment against Borrower if the Security Instrument is farecbsed. If ihrs Security .Instrument rs assigned to the Secretary upon demand by the Secretary, Bonriwer shall not be liable for any difference between the mortgage insurance benefits paid to Lender and the outstanding indebtedness, including accrued interest, awed by Borrpwer at the time of the assignment. 11. Reinstatement. Borrower has a right to be reinstated if Lander has required immediate payment in full. This right applies even after forecbsure proceedings are instituted. To reinstate this Security Instrument, Harrower shall correct the condition which n3sufted in the requirement for immediate payment in full. Foreclosure costs and First American Loan Production Seivk;es Nebwaska HECM Security Instrument © 2Dt)8 First American Real Estate Solutions LLC FALPS # LIB03 : 06/08 Page ~ MMFI, #i8807NE tOFNE]