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201100a38 <br />(iv) Provide the L.ender with a deed-in-lieu of foreclosure. <br />(d) Trusts. Conveyance of a Barrower's interest in the Property ta a trust which meets the <br />requirements af the Secretary, or canveyance of a trust's interests in the Property to a <br />Borrower, shall not be considered a conveyance for purposes af this Paragraph 9. A trust <br />shall not be considered an occupant or be considered as having a principal residence for <br />purposes of this Paragraph 9. <br />10. No peficiency Judgments. Borrower shall have no personal liability for payment of the debt <br />secured by this Security Instrument. Lender may enforce the debt only through sale of the Property. <br />Lender shall not be permitted to obtain a deficiency judgment against Borrower if the Security <br />Instrument is foreclosed. <br />11. Reinstatement. Borrower has a right to be reinstated if Lender has required immediate <br />payment-in-full. This right ap�lies sven after farecl�sure proceedings ara instituted. 7p reinstate this <br />Security Instrument, Borrower shall correct the condition which resulted in the requirement for <br />immediate payment-in-full. Foreclosure costs and reasonable and customary attorney's fees and <br />expenses properly associated with the foreclosure proceeding shall be added to the principal <br />balance. Upon reinstatement by Borrawer, this Security Instrument and the obligations that it <br />secures shall remain in effect as if Lender had nat required immediate payment-in-full. However, <br />Lender is not required to permit reinstatement if: (i) Lender has accepted reinstatement after the <br />commencement of foreclosure proceedings within two years immediately preceding the <br />commencement of a current foreclosure proceeding, (ii) reinstatement will preclude foreclosure on <br />different grounds in the future, or (iii) reinstatement will adversely affect the priority of the Security <br />Instrument. <br />12. Lien Status. <br />(a) Modification. Borrower agrees to extend this Security Instrument in accordance with this <br />Paragraph 12(a). If Lender determines that the ariginal lien status af the Security Instrument <br />is jenpardized under state law (including but not limited to situations where the amaunt <br />secured by the Security Instrument equals or exceeds the maximum principal amount stated <br />or the maximum period under which loan advances retain the same lien priority initially <br />granted to loan advances has expired) and state law permits the original lien status to be <br />maintain�d for future loan advances through the execution and recordation of on� or more <br />docum�nts, then Lender shall obtain title evidence at Borrower's expense. If the title evidence <br />indicates that the property is not encumbered by any liens (exc�pt the First Security <br />Instrument described in Paragraph 13(a), this Secand Security Instrument and any <br />subordinate liens that the Lender determines will also be s�bordinate to any future laan <br />advances), Lender shall request the Borrower to execute any documents necessary to protect <br />the lien status of future loan advances. Borrower agre�s to execute such documents. If state <br />law does not permit the original lien status to be extended to future loan advances, Borrower <br />will be deemed to have failed to have performed an obligation under this Security Instrument. <br />(b) Tax Deferral Programs. Borrower shall not participate in a real estate tax deferral pragram, if <br />any liens created by the tax deferral are not subordinate to this Security Instrument. <br />(c) Priar l.Iens. Barrower shall pramptly discharge any lien which has priarity over this Security <br />Instrument unless Borrower: (a) agrees in writing to the payment of the obligatian secured by <br />the lien in a manner acceptable to Lender; (b) contests in go�d faith the lien by, or defends <br />I I IIIIIII IIIIIIIIIIIIII II�IIIIIII IIIIIIIIIIIIIIIIIIIIIII IIIIIIIIIII� IIIII <br />q0 Z257922b011720000000w <br />Mortgage Cadence, LLC � 0279 (07/07) (5 of 9) Nehraska Second Deed of Trust - HECM FIXEp RATE <br />