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�oiioo3o3 9. Grounds for Acceleration of Debt. (a) Default. Lender n�►ay, except as lunited by regulations issued by the Secretary in the case of payment defaults, require nnmediate payment in full of all surns secured by this 5ecurity Instrument if: (i) Borrower defaults by failing to pay in full any monthly payment required by t1�is Security Instrument prior to or on the due date of the next monthly payment, or (ii) Borrower defaults by failing, for a period of thirty days, to perform any other obligations contained in this Security Instrument. (b) Sale Without Credit Approval. Lender shall, if permitted by applicable law (including section 341(d) of the Garn-St Germain Depasitory Institutions Act of 1982, 12 L1.S.C. 17p1j-3(d)) and with the prior approval of the Secretary, require unmediate payment in full of all sums secured by this Security Instrument if: (i) All or part of the Property, or a beneficial interest in a trust owning all or part of the Property, is sold or otherwise transferred (other than by devise ar descent), and (ii) The Property is not occupied by the purchaser or grantee as his or her principal residence, or the purchaser or grantee does so occupy the Property, but his or her credit has not been approved in accordance with the requirements of the Secretary. (c) No Waiver. If circumstances accur that would permit Lender to require immediate payznent in full, but Lender does not require such payments, Lender does nat waive its rights with respect to subsequent events. (d) Regulations of HLJD Secretary. In many circumstances regulations issued by the Secretary will limit Lender's rights, in the case of payment defaults, to require irnrnediate payment in full and foreclose if nat paid. This Security Instrument does not authorize acceleration or foreclosure if noC permitted by regulations of the Secretary. (e) Mortgage Not Insured. Borrower agrees that if this Security Instrument and the Note are not determined to be eligible for insurance under the National Hausing Act within 60 days fz'om the date hereof, Lender may, at its option, require immediate paymeut in full of all sutns secured by this Security Instrument. A written statement of any authorized agent of the Secretaxy dated subsequent to 60 days from the date hereof, declining to insure this 5ecuriry Instrument and the Note, shall be deemed conclusive proof of such ineligibility. NoCwiCl�standing the foregoing, this option may not be exercised by Lender when the unavailability of insurance is solely due to Lender's failure to rexnit a znort�age insurance prernium to the Secretary. 10. Reinstatement. Borrower has a right to be reinstated if Lender has required 'unmediate payment in full because of $orrower's failure to pay an amount due under the Note or this Security lnstrument. This z'ight applies even after foreclosure proceedings are instituted. To reinstate the Security Instrument, Borrower shall tender in a lump sum all amounts required to bring Borrower's account current including, to the extent they are obligations of Borrower under this Secuz'ity Instrument, foreclosure costs and r�asonable and customary attorneys' fees and expenses properly associated with the foreclosure proceeding. Upan reinstatement by Borrower, this Security Instnunent and the obligations that it secures shall remain in effect as if Lender had not required imrnediate payrnent in full, However, Lender is not required to permit reinstatement if: (i) I..ender has accepted z'einstatement after the cammencement of foreclosure proceedings within two years iznmediately preceding the commencement of a current foreclosure proceeding, (ii) xei�►sCatement will preclude foreclosure on different grounds in the future, or (iii) reinstateznent will adversely affect the prioriry of the lien created by this Securiry Instrument. 11. Borrower Not Released; Forbearance Sy Lender Not a Waiver. Extension of the time of payment or rnodification of amortization of the sums secured by this Securiry Tnstrument granted by Lender to any successor in interest of Borrower sha11 not operate to release the liability of the original Boxrower ar Barrower's successor in interest. Lender shall not be required to comrnence proceedings against any successor in interest or refuse to extend time for payrnent or otherwise modify amortizatian of the sums secured by this 5ecurity Instrument by reason of any demand made by the original Borrower or $orrower's successors in interest. Any farbeaxance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. GV2171-5 (696) Page 5 of 8 FHA Nebraska Deed of Trust I IIIIII IIIII II'll IIIII III'I IIIII IIIII IIIII II'll IIIII I�II IIIIIII ��I �IIIII IIIII IIIII I�I'I IIII II�I ], 1 � 1� 1� 2 2 � G V 2 1 7 1 ��