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2010p8901 9. Grounds for Acceleration of Debt. (a) Default. Lender may, except as lunited by regulations issued by the Secretary in the case of payrnent defaults, require unmediate payment in full of all sums secured by this Securiry Instrument 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 rnonthly payrr►ent, or (u) Borrower defaults by failing, for a period of thirty days, to perform any other obligations contained in this Security Instrument. (b) Sale Without Credit Appraval. Lender shall, if permitted by applicable law (including section 341(d) of the Garn-St Germain Depository Institutions Act of 1982, 12 U.S.C. 1701j-3(d)) and with the prior approval of the Secretary, require unmediate payment in full of all sutns secured by this Security Instruznent if: (i) All or part of the Property, or a beneficial interest in a trust owning all or part of the Property, is sold or otherwise transfened (otl�er than by devise or descent), and (ii) The Property is not occupied by the purchaser or grantee as his or her principal residence, or the purchaser or grantee does so occupy the Property, but his or her credit has not been approved in accordance with the z'equirements of the Secretary. (c) No Waiver. If circumstances occur that would permit Lender to require immediate payment in full, but Lender does not require such payments, Lender does not waive its rights with respect to subsequent events. (d) Regulations of HUD Secretary. In rnany circumstances regulations issued by the Secretary will lunit Lender's rights, in the case of payrnent defaults, to require unmediate payment in full and foreclose if not paid. This Security Instrument does not authorize acceleration or foreclosure if not permitted by regulations of the Secretary. (e) Martgage Not Insured. Borrower agrees that if this Security Instrument and the Note are nat determined to be eligible for insurance under the National Housing Act within 60 days from the date hereof, Lender may, at its option, require iinmediate 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 Security Instrument and the Note, shall be deemed canclusive proof of such ineligibility. Notwithstanding the foregoing, this option may not be exercised by Lender when the unavailability of nasurance is solely due to Lender's failure to remit a mortgage insuran.c� premium to the Secretary. 10. Reinstatement. Borrower has a right to be reinstated if Lender has required imr►�ediate payment in full because of $orrower's failure to pay an amount due under the Note ar this Security Instrument. This right applies even after foreclosure proceedings are instiTUted. To reinstate the Security Instrument, Barrower shall tender in a lump sum all amounts required to bring Bozx'ower's account current includang, to the extent they are obligations of Borrower under this Security Instrument, foreclosure costs and xeasonable and customary attorneys' fees and expenses properly associated with the foreclosure proceeding. Upon reinstatement by Borrower, this Security Instrument and the obligations that it secures shall remain in effect as if Lender had not required immediate paytzxent in full. However, Lender is not xequired to permit reinstateznent if: (i) Lender has accepted reinstatement after the commencement of foreclosure proceedings within two years irnmediately preceding the commencement of a curxent foreclosure proceeding, (ii) reinstatement will preclude foreclosure on different grounds in the future, or (iii) reinstatement will adversely affect the priority of the lien created by this Security Instrument. 11. Sorrower Not Released; Forbearance Sy Lender Not a Waiver. Extension of the tune of payrnent or modi�catian of amortization of the sums secured by this Security Instrument granted by Lender to any successor in. interest of Borrower shall not operate to release the liability af the origina] Borrower or Borrower's successor in interest. Lender shall not be required to cammence proceedings against any successor in interest or refuse to extend time for payrnent oz' otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand amade by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any xight or r�medy. GV2171-5 (b96) Page 5 of 8 FHA Nebraska Deed of Trust I IIIIII II'll IIIII IIIII IIIII II��I IIIII �III� �IIII IIIII IIII IIIIIII III IIIIII II��I II�II IIIII IIII IIII ], 1 0 1 2 8 4 6 3 3 G V 2 1 7 1 � � �