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201008179 <br />9. Grottndsfor Acc�leratlonaf Debt , <br />(e) Dus and Payable. �ender may req�ire immediate paymeM in fuN of all sums secured <br />by fhis Sea�rity Instrument if: <br />(i) A Borrower di� and the Proptl�y is not the prinapal residence nf at le�st one <br />surviv Borrower, or <br />(ii) All o a Borrower's title in the Property (or his or her beneHcial irrterest in a trust <br />owning aq or part of the Properly) is sold or otherwise transfemed and na other <br />80� retains �tle to the Property in fee simpile► or ret�ir►s a leesehold under a lease <br />for r�t less then 99 years which is renewable or a lease having a r�emad�ing period of <br />nat le�s than 50 yaars beyond the dete of the 100th birthday af the youngest <br />Borrnwer ar retains a life estate (or retaining a bene�ial ir�terest in a trust with s� <br />an tnterest in the F'roperty); or <br />(ql) The Property ceases to be the principel resldenve of a Barrower for reasor� other <br />ihan de�th and the Property is not ttte principal rsesidenoB af at laast orre ather <br />Barrower; or <br />(iv) Far a perkyd of bnger than iwelve (12) cor�secutive manths, � Bom�wer f�ik to <br />occcupy the Property because of physical or mer�tal iNness and the Properly 1s nat �e <br />princlp�i re�idence of at leest one other Bornower; or <br />(v) M o6lig�tbn of the Barrnwer under th� Security Instrumerrt is nat periormed. <br />(b) Notkr � Lendsr. Borrower shali nviify Lender whenever any of the �rents listed in <br />Pat�gcaph 9(��ii}(v) xcur. <br />{c) Noticn to orrower. Lender shall notity Borr�wer whenever the ben b�comes due and <br />payabie under Paragraph 9(axii}(vj. l.ender �haN not h�ve the right to oommence <br />foredasure un�! Barrower t►as had thirty (30) days aft� natice to either. <br />(i) Com�t the matter which resulfed in the Security Instrumerrt coming due and <br />payable; or <br />(ii) F'ay the balance in full; or <br />(iii) Sell the Prnperty for the lesser af the b�lanc� nr 95% of the appraised value and <br />a the net proceeds of the sale �owar�d the t�{ance; or <br />(iv Provide the Lender with a deed in lieu of �redo�ure. <br />(d) Trusts. CorneyanQa of Bamowers interest in the Proqerty �a a tn�st which mests the <br />requiremerrts of the Secnatary, �r aanveyence of a trust's interests in the Property to a <br />Borrq�wer. shall nat ba cansid�red a c�orrveyanae far pur�wses of th� F'aragraph 9. A trust <br />�haN not be can�idered an occupant or be cansidared as having � princi�l residence for <br />purpose� of this Par�greph 9. <br />1D. No DMdrncyJudgmsnts. �orrower shaN t�ve no personal liabdity far p�yment af the <br />debt secured by this 5ecurity Instrumerit. Lender may errforne the debt anly thnaugh sale af the <br />Properly. Lender shall rot be perm�ted to obtain a defiriehcy judgmeM agair�t Borrower if the <br />Seauity Instrumerrt is f�r+�do�sed. <br />11. R�insta�amrn�.Barrower has a rigM to be reinstated if Larxler hasreq ukgd immediate <br />paym�nt In full. This rigM �pplies �en after foreclosure pr�nceedings are instituted. To rei�tate <br />this Security Instrument� Borr�ver shall oorrect the aondition which resultad in the requlrem�t ior <br />immediate peymerit in full. Forecbsure o�sts and reasarrebie and cus�omary attomeys' fees and <br />exryer�ses ampe fi+ assoaated wnn u,e i�orec�osure pm�edrrrg srwu be adaea �o tne prindpa� <br />l��nce. Upon reinstatement by Borrower, thts Security I�trument and the obligations tt�t it <br />secures shaA remain in eifed as if L.erider h�d nat req�red immediate p�yment In full. Hnwever, <br />Lender is not required to permit reinstatement if: (i) Lender has acoepted reir�statement �ft� tha <br />oommenoemer�t of Torecbsure proceedings witt�in iwa years immediately prec�dinp the <br />commencemeM af a cum�nt Tbreclasure proceeding, it) reinstatement will preclude foreclo�ure an <br />differerrt grounds ln the tuture, or (iii) reir�statemeM ! edversely atfect the prbrity of the Security <br />Ir�sirument. <br />12. Lir11 Status. <br />(a) t�nodif�ti�on. eormwar �grees to extena �is seca,riiy �nstrumerrt in accordgnce win, <br />this Peragfaph 12(a). tf I.ender determines tt�at the orpinal lien status of the Security <br />Instrument is jao�rdized under state law (indudir�g but not Nmited to situatbr�s whsre <br />the emaurrt secured by the Security Instrument equals or exaeeds the maximum principal <br />amaunt stated or �a ma�rimum period under whicl� ban advances retain <br />FM Anr�idn Lwn ProdueYon Aw1aM N�brpkr NECM B�cad $w+iqr I�p6umsnt <br />O ZOOB FYst M�nian R�rl E.w. BaMNaw u C <br />FALpB� UBi1: DMO6 t�N�IFL �BpEI� poc Id: CIQNE prqs, <br />�� <br />