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2olioois4 <br />(i) Correct the matter which resulted in the Security Instrume�it coming due and payable; or <br />(ii) Pay the balancc in full; or <br />(iii) Sell thc Praperty for the lesser of the balance or 95% of the appraised value and apply the net <br />proceeds of the sale toward the balance; or <br />(iv) Provide the L.ender with a deed in licu of forcclasure. <br />(d) Trusts. Convcyanec of a Borrower's interest in the Property to a trust which meets the requirements of the <br />Secretary, or conveyance of a trust's intcrests in the Property to a Borrower, shall not bc considered a <br />conveyance for purposes of this Paragraph 9. A trust shall not be considered an occupant or be considered as <br />havin� a principal residcnce for purposes of this Paragraph 9. <br />10. No Deficiency Judgments. Borrower shall have no persanal liability for payment of the debt secured by this <br />Security Instrument. Lc�ider may enforce the debt only through sale of the Property. Lender shall not be permitted to <br />obtain a deficiency judgment against Borrower if the Security Instnunent is foreclosed. <br />] 1. Reinstatement. Borrower has a right to be reinstated if Lcnder has required immediate payment in full. This <br />right applies even after foreclasure proceedings are instituted. To reinstate this Sccurity Instruinent, Borrower shall <br />correct tlie condition which resulted ita the rec�uiremcnt for immediate payment in full. Foreclosuu'c costs and. <br />reasonablc and customary attorney's fees and expenses properly associated with the foreclosure proceeding shall bc <br />added to the principal balance. Upon reinstatemcnt by Borrower, this Security Instrumetit and thc obligations that it <br />secuxes shall rcmain in effect as if Lender had not required immcdiatc payment in full. However, Lender is not <br />required to permit reinstatement if: (i) Lcndcr has accepted reinstatement after the commcncemcnt of f'oreclosure <br />proceedings within twa (2) years immediately preceding the commencemcnt af a current foreclosure proceeding, <br />(ii) reinstatement will preclude foreclosurc on differc�it grounds in the future, or (iii) reinstatemc�nt will adversely affect <br />the priority of the Security Instrument. <br />12. Lien Status. <br />(a) Modification. Borrower agrees to cxtcynd this Security Instrument in accordance with this Paragraph 12(a). If <br />Lender detcrmines that the original lien status of the Security Instrume�it is jeopardized under state law <br />(including but not limited to situations where the amount secured by thc Securiry Instrument equals or exceeds <br />the maxnnum principal amount stated ar thc maximum period under which loan advanccs retain the same lien <br />priority initially granted to loan advances has expireci) and state law permits the original lien status to be <br />maintained for future loan advances througli the execution and recordation of one or more doculnents, then <br />Lender shall obtain title evidence at Borrower's expensc. If the title evidence indicates that the Prnperty is noC <br />encumbered by any liens (except the First Security Instrument describcd in Paragraph 13(a), this Second <br />Security Insmiment and any subordinatc lic,�►s that the Lender determines will also bc subordinate to any <br />futurc loan advances), Lender shall request the Borrowcr ta execute any documents necessary to protcct the <br />priority of the lien status of future loan advances. Borrower a�rees to execute such docuinents. If state law <br />does not permit the original lien status to bc cxtc,•nded to future loan advances, Bort-awvr will bc deemed to <br />have failed to have performed an obligation under this Security Cnstnunent. <br />(b) Tax Deferral Programs. Borrower shall not participatc in a real estate tax deferral program, if any liens <br />created by the tax deferral are not subordinate to this Security Cnstrument, <br />(c) Prior Liens. Borrower shall promptly discharge atiy licn which has priority over this Security Instrumc��t <br />unless Borrowcr: (a) agrees in writing to the payment of the obligatian secured by the lien in a manner <br />acceptable to Lender; (b) contests in good faith the lien by, or defends against enfnrccmc•nt of the lien in, legal <br />procecdings which in the Lender's opinion operate to prevcnt thc c•nforcement of the lien or forfeiture of any <br />part of the Property; or (c) secures from the holder of the lien an agreement satisfactory to Lendcr <br />subordinating thc lic,•n to all amounts secured by this Security Instrument. If Lcnder determines that any part <br />of the Property is subjcet to a lie�i which may attain priority over this Security Instrument, Le�ider may give <br />Nebraska 2 Decd of Trust (Fixed) <br />Page 4 <br />