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f►•II�[III�:�b�: <br />9. Groundsfor Acceleratlonof Dab1. <br />(a� Dus and Payabla. Lender rr�y require immediatis p�ym�M in full of aN sums secuned 6y <br />�his Security instrumerrt fi <br />(i) A Borrower di� and the Properly is rat 1he prir�cipal residenoa of at i�ast nne <br />s�xvivir� BvrroMrer; ar <br />(ii) AN of a Bornawe�s iitle in the Properiy (or his or her 6en�fldal inter+�t in a�ust <br />owning aN or part of the Pro�rty) �s sold or otherv�se ir�nsfemed and no other <br />BotrqWrer retains title �a the Pro in fee simpl� ar retains a Iees�oW urxier a lee�se <br />for not less then 99 years which is rer�ewabte or e leese hwving a <br />remaining period of not less than 50 years baryond 'Ihe date of tht� 100th btrthday af <br />the yang est Barrower d� retains a Iife estete (or retaining a benefi�a) interest in a trust <br />vvi� s an mterest in the Property). <br />(b) 1]u�e and Payabla witl� 3ea+rtary 1. Lender may raqulre imtnediate psyrnent in <br />fup of aa sums secured by tF�s Instrument, upon appnaval of the Sea+��ary, if: <br />�j The Property oe�ses �a be the pnnclpaI rasidence af a Bornower �or r+easar� othe�' <br />ma n de�th and #t� Pmpe�iy is tat the princtpai residenae of at le�st or�e olher <br />(�) F�o� a p�e�iod of Icx�per than tw�rre (12) consecutive manth�, a 9on+�wer iaiis to <br />the Property because of icel or mental ipness and Ihe Prop�rty is not the <br />1 residenoe of at least one� Barrower; ar <br />i�y An obiiqation af the Botravrer �x�der this Security instrument is not per�om�ed. <br />� c Nollos to Lsnder. 8orrower shaN r�oMy Lender whenever any of the ever�s i�sted in <br />Par�agr�ph a) (ii) or (b) oa;ur. <br />(d) Nofias za ry and Bonow�r Le�nder shail notify the Seaetary and Born�nrer <br />whenever t1�e ban becomes d� and payable under Paragraph 9(a) (� or (b . Lender shall <br />not have 1he rigM to odrnrnerroe fivr+edosur�a �til Borrow� has h�d () days a�er <br />nvtk�e 1a either <br />(i) Corr�ct fhe metter which resWted in the Security inshvment aorning due �nd <br />yabfe; or <br />ii) Pay the balance in fWl; ar <br />i�) Seli the Prr�perly for the Ie�ser af the b�tenoe or 95% af the appr�aised value and <br />a the net pnoceeds af the sale toMra�1 the la�lance; or <br />(iv mvide the lencler vrith a deed in Neu of fanedv�urs. <br />(s) Trus�s. Conv�y�,nce of a Barnower's iMerest in the Properly �o a trust whic:h meats 1he <br />requirements of the Secnefary� or aonveyance of a trust's inte�ests in the P�p�y � a <br />Borrower, shail rwt be c�ar�sidered a corweyanoe for pt,wposes of this Paragraph 9, li► irust <br />shaY nat be con�ider+ed an ooct�ar�t ar be corr�idered as havin� a pfi�cipal residsr�ce for <br />qf this P�r��ph 9. <br />Mdt Inautid. Borrower aar�aes that shoukf tF�s Insbwnent and the <br />te rwt b� eligible �or Msurance ur�der the Na�ivrrel� ausing Act within <br />SIXTY D�►YS fram the dste her�enf� if itted by applicable law Lender m�y. <br />at its vptan. require immediate paytnent in af aN sums seaared by �►is Seaarity <br />Instnxnent A w�ltten statemer�t af �ny aufhorF�ed agent of the Secretary dated <br />subsequent 10 8zY'rY bl►�[s Trom the date het�eot. decWting b u�sure fhis Secu�ily <br />Instrwnent and tt►e fVote, sha� be deerned oandusive piaof of sud� ine�gibi�y� <br />Naiwlth�tanding the karegoin9. this option m a y not be e�cencised by Lender when tfae <br />w�avallabilriy Qf �surar�ce is salely due M Lenders fa�lure �o remit a martgage insurance <br />pt�amium to ihei Secretary. <br />1Q. No Dvflciancy Jud nwnls. Borrtwrer sFwN h�rve ra persan�l lia�r ior p�yment af ihe <br />C�Abt SAClJ1� b'�l '1�S $ACl�t�ly �I1S�11RIQ11�. L911dAr 111�/ ��lB d� afl�y 1f11WJ�Q�I1' We 1� �iB <br />�r�iity � 1 ��� t red d�lf ��Se�curit �Ir�s�� � a� r�ied fia t�he 3ecretary upon <br />demand by tha Secna�fary� Borrow� shaN riot be li�6b f+nr arry difference b�tw�een the mor�age <br />ir�ur�ttce benelits paid �a Lender ar�d the wrtstanding k�debtedness. induding aoat�ed inler+e�t, <br />nwed by Borrnvvar at 1he t�ne of the assignment. <br />11. R�lnsfa�rrwnt Bon�rer tres a right �o be reinstated if L.ender has req�r+ed immedlate <br />paymer�t in fuil. This ri�ht appGes e�ven after la+�dosure prw'.eedinps are inslMuted. To reinstate <br />thiS $�CI,RI�y �f18�1J171ARt. sOi7�W9r Si78b G�OR�Ct � OQf1�GOR Wf11C�1 ('98U� �11 �1B 1'9ql,ll�fi18�1t fQC <br />immediete peyment in iqq, �Qrecb�ure cos'ts and <br />Fkst Arr�erican I,.oan Praductlon Servioss Ne6ra�ica� F�pN SecurNy N�nun�rit <br />Q 2008 Fk�t Mriarican Red �b SoMilons I1C <br />FALP3 # UBOS : OraKl9 � � ,S'� <br />�qNFI. �80Tf� (QFi�E) <br />