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201100260 Lender, in accordance with the provisions of Section 21(c) hereof, within 90 days of such dcath (provided hawever that no property inspection shall be required and a 1% transfer fee will not be charged); (8) the merger, dissolution, liguidation, or consolidation of (i) Borrower, (ii) any Key Frincipal that is a legal entity, or (iii) any lcgal entity holding, directly or indirectly, a Cantrolling Interest in the Borrower or in any Kcy Principal that is an entity; (9) a conversian af Barrower from one type of le�al entity into another type of legal entity (including th� conversion af a�eneral partnership into a limited partnership and the conversion of a limited partnership into a limited liability company), whether or not there is a Transf�r; if such conversion results in a change in any assets, liabilities, legal ri�hts or obligations of Borrower (or of Key 1'rincipal, guarantor, or any general partner of Borrower, as applicable), by operation of law or otherwise; and (10) a Transfer of the economic benefits ar right to cash flows attributable to the ownership interests in Borrower and/or, if Key Principal is an cntity, Key Principal, separate from the Transfer of the underlying awnership interests, unless the Transfer of the underlying ownership interests would otherwise not be prohibited by this Agreement Lender shall not bc requircd to demonstrate any actual impairment of its secw or any increas�d risk of default in order ta exercise any of its remedies with respect to an Event of Default rander this Sectian 21. (b) The occurrence of any of the following events shall not constiiute an Event af Default under this Cnstrument, notwithstanding any pravision of Section 21(a) to the contrary: (1) a Transfer to which Lender has consented; (2) �xcept as provided in Section 21(a)(6) and (7), a"Cransfer that occurs by devise, descent, pursuaztt to the provisians of a trust, or by operatian of law upon the death of a natural persan; (3) the grant of a leasehold interest in an individual dwelling unit far a term of two years ar less not cantaining an option to purchase; (4) a Transfer of obsol�te or worn out Persanalty or Fixtures that are cantemporaneausly replaced by it�ms of Equal or better funetian and quality, which are free of liens, encumbranccs and s�curity interests other than thosc created by the Loan Documents or consented to by Lender; (5) the grant of an casement, servitude, nr restrictive covenant if, beFor� the grant, Lender determines that the easement, servitude, or restrictive covenant will nat materially affect the operation or �value of the Mortgaged Property or Lender's interest in the FANNIE MAE MULTiFAMi�,Y S�CURrTY 1NSTRUMENT - F'orm aU2$ 06/09 Pu�e 27 NEBRASKA � 199'7-2U09 Fannie Mac