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2o�oo7s2� 9. Graunds for Acceleration of Debt. (a) Default. Lender may, except as limited by regulations issued by the Secretary in the case of payment defaults, require immediate payment in full of all sums secured by this Security Instrunnent if: (i) Borrower defaults by failing to pay in full any monthly payment required by this Security Instrument prior to or on the due date of the next nnanthly payment, or (ii) Borrower defaults by failing, for a period of thirty days, to perform any other obligations contained in tl�is Securiry lnstrument. (b) Sale Without Credit Approval. Lender shall, if permitted by applicable law (including section 341(d) of the Garin-St Germain Depositary Institutions Act of 1982, 12 U.S.C. 1'�Olj-3(d)) and witli the prior approval of the Secretary, require immediate payment in full of all surns secured by this Secuarity Instrument if: (i) All or part of the Prnperty, or a beneficial interest in a trust owning all or part of the Property, is sold or otherwise transferred (other than by devise ar descent), and (ii) The Property is not occupied by the purchaser ar grantee as his or her principal residence, ox the purchasex or grantee daes so occupy the Pxoperty, but his or her credit has not been approved in accordance with the requirements of tlxe Secretary. (c) No Waiver. If circumstances occur that would permit Lender to require unmediate payment i.n full, but Lander does not require such payments, I..ender does not waive its rights with respect to subsequent events. (d) Regulations of H[TD Secretary. In many circumstances regulatians issued by the Secretary will limit Lender's rights, in the case of payment defaults, to require immediate payment in full and foreclose if not paid. This Security Instrument does not authorize acceleration or foreclosure if not pertnitted by regulations of the Secretary. (e) Mortgage Not Insured. Borrower agrees that if this Security Instrument and the Note are not determined to be eligible for insurance under the National Housing Act within 60 days from the date hereaf, 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 from the date hereof, declining to insure this 5ecurity Instrument and the Note, sha.11 be deenned conclusive proof of such ineligibiliry. Notwithstanding the foregoing, 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 premiurn to the Secretary. 10. Reinstatement. Borrower has a right to be reir�stated if Lender has required unrnediate payment in full because of Borrower's failure to pay an arnount due under the Note or this Security Insmiment. This right applies even after foreclosure proceedings are instituted. To reinstate the Security Instrument, Sorrower shall tender in a lump sum all amounts required to bruag Borrower's account current including, to the extent they are obligations of Borrnwer under this Securiry Instrutt�ent, foreclosure costs and reasonable and customary attorneys' fees and expenses properly associated with the foreclosure proceeding. Upon reinstaternent by Borrower, this Security Instrument and the obligations that it secures shall remain in effect as if Lender had not required inunediate payznent i�n full. However, Lender is not required to permit reinstatement if: (i) Lender has accepted reinstateznent afcer the commencement of foreclosure proceedings within two years ixnmediately preceding the commencennent of a current foreclasure proceeding, (ii) reinstatement will preclude foreclosure on d'zffer�nt grounds in the future, or (ui) reinstatezn�ent will adversely affact the priority of the lien created by this Security Instrument. 11. Borrower Not Released; Forbearance Ey Lender Not a Waiver. Extension of the tixne of payment or modificatian of arnortization of the sums secured by this Security Instrurnent g:ranted by Lender to any successor in interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successor in interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to extend tiame for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or reznedy shall not be a waiver of or preclude the exercise of any right or remedy. GV2171-5 (696) Page 5 of $ FHA Nebraska Deed of Trust I IIIIII IIIII IIIII �IIII IIII' II'II'lll' IIIII II�I� IIIII IIII IIIIIII III IIIIII II'll IIIII IIIII IIII IIII � 1, � 1 2 6 3 1 6 3 G V��, 7 1 l.� � Sn1�'