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�oi�oo�.�4 1111056927 covcnants and agrecments contained in this Security Instrument, or there is a lega! proceeding that may signi�cantly affect Lender's rights in the Property (such as a procccding in bankruptcy fnr condemnation to enforce laws or regulations), then Lcndcr may do and pay whatever is necessary tp prptect the value of'the property and Lenders rights in the Property, including payment of taxes, hazard insurancc and other items mentioned in paragraph 2. Any amounts disbursed by Lender under this paragraph shall 6ecome an additional debt of Borrower and bc sccurcd by this Security Instrument. These amounts shall bear interest from the datc: of disburs�meni at the Note rate, and at the option of Lcndcr, shall be immediately due and payable. 8. Fees. I.ender may collect fees and charges atrthorized by the Secrctary. 9. Grounds for Acceleration of Debt. (a) Default. Lcnder may, cxccpt as limited by regulations issued by thc Secretary in the case of payment defaults, require immediate payment in tull af all sums secured by this Security Instrument if; (i) E3orrower defaults by failin� to pay in full any monthly payment required by this Security lnstrument prior ta or on the duc date of the next monthly payment, or (ii) Borrower defaults by tailing, f'or � period of thirty days, to perforrn any other obligations contained in thi5 Security Instrumcnt. (b) Sale Without Credit Approval. i�ender shall, if permitted by applicable law (including section 341(d) of the Garn Germain Dcpository lnstitutions Act of 1982, l2 U.S.C. 1701j and with thc prior approva] of thc Secretary, require immediate payment in full of all sums secured by this Security Insirumeni if: (i) All or part of the Property, or a benercial interest in a trust owning all or part of the Property, is sold or otherwise transferred (other than by devise or descent) and (ii) The Property is not occupied by the purchaser or graniee as his or her principal residence, or the purchaser or grantee docs so occupy the Property but his or her credit has not been approved in accordance with the requirements of the Secretary. (c) No Waiver. lf circumstanccs occur that would permit Lender to require immediate payment in f'ull, but Lender does not require such payments, I.ender does not waive ics rights with respect to subsequent events. (d) Regulatiuns of HUD Seeretary. ln many circumstances regulations issued by the 5ecretary will limit Lender's rights in the case of payment defaults, to require immediate payment in full and for�close if not paid. This Security lnstrument docs not authorize accelcration or forcclosure if not permitted by re�ulations of the Secretary, (e) Mortgage Nok Insured. Borrower agrees that should this Security instrum�nt and the Notc arc not to bc �ligiblc for insurane� und�r lhe National Housing nct within 60 days from the date hereof, Lender may, at its option, require immediate payment in full of all sums secured by this Se;curity Instrumcnt. A written statement of any authorizcd agent of the Sccrctary dated subscqucnt to 60 days fram the date hereof, declining to insure this Security Instrument and the Note shall be deemed conclusive proof of such incligibility. Notwithstanding the foregoing, this option may not bc cxercised by Lender when the unavailability of insurance is solely due to I,ender's failure to remit a mortgl�;e insurance pr�mium to tl�e Secretary. 10. Relnstatement. Borrower has a right to bc reinstated if Lender has required immediate payment in ful) because of Borrower's failure to pay an amount due under the Nate or this Security InstrumenL This right applies even after foreclosure procecdings arc instituted. To rcinstatc thc Security lnstrumcnt, Borrower shall tender in a lump sum all amounts required to bring Borrower's account current including, to the extent they are obli�ations pf Borrower under this Security Instrument, foreclosure costs and reasonable and customary attorneys' fees and expenses properly associated with thc forcclosurc procecding. Upon rcinstatement by Borrower, this Security lnstrument and the obligations that it secures shall remain in effeci as if Lender had not required immediate payment in full. However, Lender is not required to peni�it reinstatement if: (i) C.endcr has accepted reinstatement aFier the commencement of foreclosurc proceedings within two years immcdiately preceding the commencement of a current 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. Borrower Not Released; Forbears�nce Sy Lender Not a Waiver. Extensian of the time of payment or FHA Nebraska Deed Of Trust - 07/08 �:� 391.6 Page 4 of 7