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201005159 9. Groundafor Aocelerationaf Debt. (a) Due and Payable. Lender may require immediate payment in full of all sums secured bbyy this Security Instrument if: (i) A Borrower dies and the Property is not the principal residence of at least one surviving Borrower; ar (ii} All of a t3orrower's ti11e in the Properly (or his ar her benefbial Interest in a trust awning all or part of the Property) is sold or otherwise transferred and rro other Bomawer retains title to the Property in fee sirnpie or retains a leasehold under a tease for not less than 99 years which is renewable or a ieas® having a remaining period of net less than 50 years beyond the date of the 100th birthday of the youngest Harrower or retains a life estate (ar retaining a benefidal interest in a trust with such an interest in th8 Property); or (iii) The Property ceases to be the principal residence of a Bonowar for reasons other than death and the Property is net the principal residence of at I~st one other Harrower; or (v} For a period of brrger than twelve (12) consecutive months, a Borrower fails tv occupy the Property because of physical or mental illness and the Property is not the principal residence of at least one other Borrower; ar (v) An obligation of the Borrower under this Security Instrument is not performed. ~b) Notice to Lender.Barrower shall notify Lander whenever any of the events !is#ed in aragraph s(a)(ii}(v) occur. (c) Notice to Borrower. Lender shall notify Bamower whenever the loan becomes due and payable under Paragraph 9 (a)(ii}-(v). Lender shell not have the right to commence foreclosure until Borrower has had thirty (8U) 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 of the balance or 9596 of the appraised value and apply the net proceeds of the sale toward the balance; or (iv) Provide the Lender with a deed in lieu of forecbsure. (d} Trusts. Conveyance of Borrower's interest in the Property to a trust which meets the requirements of the Secretary, ar conveyance of a trust's interests in the Property to a Borrower, shall not be wnsidered a conveyance for purposes of this Paragraph 9. A mast shall net be considered an occupant or be oansklered as having a principal reskence far purposes of this Paragraph 9. 1t). No DefictiencyJudgments.Rorrower 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 Harrower if the Security Instrument is fvredosed. t'1. Reinatatement.Borrower 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 full. Forecbsure costs and reasonable and customary attorneys' fees and expenses property associated with the forecbsure proceeding shall be added to the principal balance. Upon reinstatement by Borrower, this Security Instrument and the obligations that tt 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 commencement of forecbsure proceedings within two ears immediately preceding the commencement of a current forecbsure proceeding, (ii~ reinstatement will preclude foreclosure on different grounds in the future, or (iii) reinstatement will adversely affect the prbrity of the Security Instrument. 1Z. Lien Status. {a) Modification. Borrower agrees to extend this Security Instrument in accordance with this Paragraph 12(a). If Lender determines that the original lien status of the Security Instrument is jeopardized under state law (including but not limited to situations where the amount secured by the Security Instrument equals ar exceeds the maximum principal amount stated or the maximum period under which ban advances retain first Amadcen Loan Produolian 8anica~ Netxuka HECM 8acand 8aourity Irnuunwnt Q SOB Flrat Ahrriun Wal Es1tM 8olutWm LCC FALPSN UB11: 04A]B NMFL XBBOBN~ Doc {d: 4GNE Pam ~