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,, . . � , , . . ,. , � 2oloo�s33 9. Groundsfor Acoslerationof Debt (a) Due and Payable. Lender may require immediate payment in full of all sums secured by th�s Security Instnament �f: (i) A Borrower dies and the Property is not the prir�ipal residence of at least one suninring Bomower; or (ii) All of a Borrower's tiNNe in the Property _(�r his or her beneficial interest in a iruat awning all or part of the Prope�y) �s sald or atherwise tr�nsferred and no other Bo�rower netair� title ta the Properfy in fee simple or retains a leasehald undar a I�se for not less than 99 yeers which i� renewabie or a lease having a remaining perioci of not less than 50 years beyond the date of the 100th birthday of the yaungest Borrower or retains a life estate (or r+etaining a benef'icial iMerest in a frust wjth sucFi an irrterest in the Property). (6) Dua and Payabis with Secr�tary Approvul. Lender may require immediate paymeM in ful� af all sums secured by this Secur�ty Instrument, upon approv�al of the 5ecretary, ifi (�) The Property ce�ses to be the princJpa1 r�idence of a 8orrower Tnr reesans other �han death and the Prnperty is not the principal residenc� of at lesst one ather Bomnwer; or (ii) For a perind af bnger than twelve 12) consecuthre mon#hs, a Bomawer fails to nccupy the Property because of physica� or ment�l illness and the property is not the � rinGpal residence of at least ane other Barnower; n� tii) An obligation of the Borrower under this Security (nstrument is not perFortned. � c) Natice to Lander.Barrower shail notNy Lender wt�ever arry af the ever�ts listed in this ara�grap� a) (ii) or (b) occur. (d) Notics o Secretary and Bomovw�r. Lender shali notiTy the Secretary and Barrower whenever the loan becames dus and payable under P�ragraph 9(a) (il or (b . Lender shall not have the right � commenoe foredosure until Bomower 1'�s had t irty ( 0) days after notice ta either: (f) Cort�ect the matte� which resulted in the Security instrument coming due and yable; or ii) Pay the balance in full; or iii) Sell the Property br the lesser of the bal�nce or 95% of the appraised value and ap Iy the net proceeds of the sale �oward ihe bslance; or (iv� Provide the Lender with a deed in lieu of breclosure. (e) Trusts. Conveyanc� of a Bqrrower's interest in the Properly to a trust which meets the requirements of the Secretary, or canveyance nf a trusYs iMere�ts in the Prvperty to a Bortower, shall nat be cdnsidered a oorn�yance for purposes of this Paragraph 9. A trust shall not be ocnsidered an occupant ar be considered as having a prinapal residence for � urposes af this Paragraph 9. Mortgage Not Insured. Borrower agr�es that should this Sacuril�► (nstrument and the te not be eligible Tnr insurance under the N�tional Housing Act within S�tx'r�t nAYS irom the data hereof, ifperm itted by applicable law Lender may, at i� option, require immeciiate payment in fulf �f all sums secured by this Securify Instiumer�t. A written statement of any authorized a�ent af th� Secretary dated subsequerrt to 3z� �►YS from the data her+eof, declining to insure this 5ecurlly Instrument and the Note, shall be deemed conc,lusive proof of such ineligibility. Noiwithstanding the �oregoir�, this aption may rat be exercised by Lender when the unavailability of insurance i� solely due to Lender's failure to remit a mortgage insurance pr�rnium tp the Secretary. 70. Na D�ficiency Judgments. Borrower shall have nn personal li�bility fQr payment of the debt secured by this Security Instrument. Lender may enfor�a the debt only through s�le af tha Property. Lender shail not. be pertnitted to abtain a defiaenc� judgment �au�st Borrower ii the 5ecurily Ir�trument is f�recbsed. If this Security InstrumeM is assigned fa the Secretary upon demand by the Serxetary, Borrower shall not be liable fior any dffference be�twesn the mortgage insurance benefits paid 3o Lender and the outstanding indebtedness, induding accrued interest, owed 6y Borrower at the time of the assignment. 71. Rsinstatsrrwr�t. Barnower hes a right to be reinstated if L�tler has required immediate payment in fua. This right applies even after forecbsure prnceedings are instituted. Ta r�einstate this Security Ins#rument, Borrower shall correct the aarxlitian which resulted in the requirement for immediate peyment in full. Farecbsure cosis and First M�erican Loan Produclbn Services IJebraalca HECM ARM Seaurily Instir�rnent O � � � �d Eefaie Sowticns LLC FNILP5 # YC1T4 : 0�I�06 Pape 4 NAAFl �13NE (OICNE'�