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201100256 9. Groundsfor Acr.alsratlonof Debt. {a) Due and Payadle. Lender may require immediate paymeM in full of all sums secured by ftu� Security instrumerrt iF. (i) A Bomower dies and the Prnperty � nnt the principat residence of at I�st one survivirig Borrower; ar (ii) Ail af a Bonower's title in the Property _(or his or her benefictial inter+est in a trust uwning all or part of the Property) �s sold or athenxise hartsfen�ed and na other Borrower refafns title to the Property in fee simple or retains a leasehold under a lease for not less than 99 years whi� is renewabie or a lease having a remainfng period af nat less than 50 y�rs beyond the date of the 10Qth birthday of the you�gest Bomawer or re�ins a life estate (or retaining a beneficial interest in a trust with sucfi an mterest in the Proparty). �b� Due and Payable witl� �scre#a��ry Approval. Lender may require imrnediate payment in fu of all sums sacured by this urny Instrument, upon approval of the Secretary, ff: i) The Property cease� to be the principaI rasidence of a Bamnwer for reesnns other han death and the Ptvperty is not the princip�l resid�nce of at least one ather Borrower, a� (ii� t �per P iod of bnger than iwelve (12) consecutive months, a Bnrrower fails to py pe�ly because of ph ysk:al or mental illness and the Property is nat the t�pal re�id,ence pf at I�ast one other Bomower, or iii) M obligaGnn of the Bormwer under this Security Instrument is not pertormed. (c� Notice to Lsnder. Borrower shall notlfy Lender whenever any af the events listad in th s Paragreph a) (ii) or (b) occur. {d) Notics to cretary and Borrawsr. Lerxier shall notify the Secretary and Bornower wne never the ban becames due and payable under Paragraph 9(a) (ii) or (b). Lender shall not have the right to oommence foreGosure untd Bom�wer has had tf�irty (30) days after nnttce to either: (i) Correct the matter which resulted in the Security Instrument coming due and yable; or li) Pay the bel�nce in tull; or iN) Sell the Pr�perty for the lesser of the balance or 95% of the appraised vafue and a the net proceeds of the sale towar+d the balance; or (iv�rovide the Lender wikh a deed in lieu of foreclosura. (�� Trusts. Conveyanoe of a Bomowers interest in the Properry to a tnist which meets the requiremeMs of the 5ecretary, or aonveyance af a trusYs interests in the Property to a Borrower, shall not be oonsidered a aonveyance for purpos� of thls Paragraph 9. /� trust shall nat be considered �n occ�ant ar be cor�sidered as heving a principal res�der�ce fur purp�es of this Paragraph 9. �t� Mortg�rps Not insurod. Borrower agrees that should this Security Instrument and the N ate not be sligible for insurance under the Natianal Hnusing Ad within sixTY D�XS from the date hereof. ifpenm itted by applicable law Lender may, at its option, require immedi�te paymeM in fulf of all sums secured by this Secur�ity Instrumerrt. A written statemerrt of any authorized agent of the Secretary dated subsequent to ��x'1'Y n�►YS from the date hereof, deciinin� to insure this Security Instr�nent ancl the Nate, shall be deemed condusive proof Qf such ineligibil�' r Noiwithsfanding the foregoing, this nption may not be exercised by Lender when tfie unavailabflity of insurance � solely due to Lender's failure ta remit a mortgage insurance premium b the Secrelary. 10. No D�ficiancy Judgmvnts. Borrower shall have no personal liability for payment of the debt secured by this Security Instrument. Lender may er�forca the debt only thnough sa� of the Prop�erty. Lender shall not ba psrmitted to obtain a de�iciency judgment against &yrmwer if the 5ecurity tnstrumerit is forecbsed. If this Security Instrumerrt �s assigned ta the Secretary upan demand by the Secretary, Barrower shall not be liable for any differer�ce between tha mortgage Insurance beneflts paid to Lender and the autstanding indebtedness, induding accrued interest, awed by Borrower at tho time of the assignment, 11. Rsinst��ment. Borrowqr has a right to be r�nstated if Lender has rayulred irnmediate payment in full. This right appliea even after foracbsure proceedings are institutad. 1"o reinstate this 5ecurity Instrument, Bomawer shall correct the conditbn which resuked in the r e quir�nent far immediatQ ; payment in full. For+eclosure costs and Frst Amerkar► La� Productlon Servk�e5 Nebra�ka HECM Security InsbumeM O 20� First M�erican Rea1 Esta� Sdullons L�.0 FALPS # U803 : �5J08 NMFL �9807N� (QFNE) , Page 4 � , , , �li . . �. . ....... F. •