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2oli0003s <br />against enforcement af the lien in, legal proceedings which in the Lender's opinian operate to <br />prevent the enforcement of the lien or farfeiture of any part of the Property; or (c) secures <br />from the holder of the lien an agreement satisfactory to Lender subordinating the lien ta all <br />amounts secured by this Security Instrument. If Lender determines that any part of the <br />Property is subject to a lien which may attain priority over this Security Instrument, Lender <br />may give Borrower a natice identifying the lien. Borrower shall satisfy the lien or take one ar <br />more of the actions set forth above within 10 days of the giving of notice. <br />13. Relationship to First 5ecurity Instrument. <br />(a) Second Security Instrument. In order to secure payments which the Secretary may make to <br />or on behalf of Borrower pursuant to Section 255(i)(1)(A) of the National Housing Act and the <br />Loan Agreement, the Secretary has required Borrower to execute a Second Note and this <br />Second Security Instrument. Borrower also has sxecuted a First Note and First Security <br />Instrument. <br />(b) Relationship of First and Second Security Instruments. Payments made by the Secretary <br />shall not be included in the debt under the First Note unless: <br />(i) 7he First Security Instrument is assigned ta the Secretary; or <br />(ii) The Secretary accepts reimbursement by the holder of the �irst Note for all payments <br />made by the Secretary. <br />If the circumstances described in (i) or (ii) accur, then all payments by the Secretary, including <br />interest on the payments but excluding late charges paid by the Secretary, shall be included in <br />the debt under the First Note. <br />(c) Effect on Borrower. Where there is no assignment or reimbursement as described in (b)(i) <br />or (ii) and the Secretary makes payments to Borrower, then Borrower shall not: <br />(i) Be required to pay amounts owed under the First Note, or pay any rents and revenues <br />af the Propsrty under Paragraph 19 to the holder of the First Note or a receiver of the <br />Property, until the Secretary has required payment-in-full of all outstanding principal and <br />accrued interest under the Second Note; or <br />(ii) Be obligated to pay interest or shared appreciation under the First Note at any time, <br />whether accrued before or after the paym�nts by tha Secretary, and whether or npt <br />accrued interest has been included in the principal balance under the First Note. <br />(d) No �uty of the Secretary. The Secretary has no duty to the halder of th� First Note to <br />enforce cov�nants of the Second 5ecurity Instrument or to take actions to preserve the value <br />of the Property, even though the holder of the �'irst Note may be unable to collect amounts <br />owed under the First Note because of restrictions in this Paragraph 13. <br />(e) Restrictions on Enforcement. Notwithstanding anything else in this Security Instrument, the <br />Borrower shall not be obligated to comply with the covenants hereof, and Paragraph 19 shall <br />have na fores and effect, whenever there is no outstanding balance under the Second Note. <br />14. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or <br />II I IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII IIIIIIIIIIIIIII IIII <br />qp322579226Q11rZp0 OQOQw <br />Mortgage Cadence, LLC � 0279 (07/07) (B of 8) Nebraska Second Deed of Trust - HECM FIXED RATE <br />