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201006844 9. Groundsfor Accelerationof Debt. (a) Due and Payable. Lender may require immediate payment in full of all sums secured by this Security Instrument if: (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 her beneficial interest in a trust owning all or dart of the Property) is sold or otherwise transferred and no other Borrower retains title to the Property in fee simple or retains a leasehold under a lease for net less than 99 years which is renewable or a lease havingg a remaining period of not less than 50 years beyond the date of the 100th birthday of the 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 mental illness and the Property is net the principal residence of at least one other Borrower; or (v) An obligation of the Borrower under this Security Instrument is not performed. (b) Notice to Lender. Borrower shall notify Lender whenever any of the events listed in aragraph 9(a (ii}(v) occur. (c) Notice to orrower. Lender shall notify Borrower whenever the loan becomes due and payable under Paragraph 9 (a)(ii}(v). Lender shall riot have the right to commence foreclosure until Borrower has had thhirty (30) days after notice to either: (i) Correct the matter which resulted in the Security Instrument coming due and payable; or n) Pay the balance in full; or iii) Sell the Property for the lesser of the balance ar 95% of the appraised value and ap Iyy the net proceeds of the sale toward the balance; or (iv~Provide the Lender with a deed in lieu of forecosure. (d) Trusts. Conveyance of a Bomawers interest in the Property to a trust which meets {he 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 far purposes of this Paragraph 9. 1Q. No DeficiencyJudgments.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 pem7itted to obtain a deficiency judgment against Borrower if the Security Instrument is foreclosed. 11. Reinstatement.Borrower has a right to 6e 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. Foeecbsure costs and reasonable and customary attorneys' fees and ex enses properly associated with the forecbsure 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 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 foreclosure proceedings within two ears immediately preceding the commencement of a current foreclosure proceeding, (ii~ reinstatement will preclude foreclosure on different grounds in the future, or (iii) reinstatement will adversely affect the priority of the Security Instrument. 12. 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 or exceeds the maximum principal amount stated or the maximum period under which loan advances retain First American Loan Production Services Nebraska HECM ARM Second Security Instrument Q 2008 First American Real Estate Solutions LLC FALPS # 90YQ :02/08 page 4 NMFL #8914NE (QLNE) .~