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2011019r�.0 <br />against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to <br />prevent the enforcement of the lien or forfeiture of any part of the Property; or (c) secures <br />from the holder of the lien an agreement satisfactory to Lender subordinating the lien to all <br />amounts secured by this Security Instrument. If Lender determines that any part of the <br />Property is subject to a lien which may atiain priority over this Security Instrument, Lender <br />may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take one or <br />more of the actions set forth above within 10 days of the giving of notice. <br />13. Relationship to First Security Instrument. <br />(a) Second Security Instrument. In order to secure payments which the Secretary may make to <br />or on behalf of Borrower pursuant to Section 255(i)(1)(A) of the National Housing Act and the <br />Loan Agreement, the Secretary has required Borrower to execute a Second Note and this <br />Second Security Instrument. Borrower also has executed a First Note and First Security <br />Instrument. <br />(b) Relationship of First and Second Security Instruments. Payments made by the Secretary <br />shall not be included in the debt under the First Note unless: <br />(i) The First Security Instrument is assigned to the Secretary; or <br />(ii} The Secretary accepts reimbursement by the holder of the First Note for all payments <br />made by the Secretary. <br />If the circumstances described in (i) or (ii) occur, then all payments by the Secretary, including <br />interest on the payments but excluding late charges paid by the Secretary, shall be included in <br />the debt under the First Note. <br />(c) Effect on Borrower. Where there is no assignment or reimbursement as described in (b)(i} <br />or (ii) and the Secretary makes payments to Borrower, then Borrower shaii not: <br />(i} Be required to pay amounts owed under the First Note, or pay any rents and revenues <br />of the Property under Paragraph 19 to the holder of the First Note or a receiver of the <br />Property, until the Secretary has required payment-in-full of all outstanding principal and <br />accrued interest under the Second Note; or <br />(ii) Be obligated to pay interest or shared appreciation under the First Note at any time, <br />whether accrued before or after the payments by the Secretary, and whether or not <br />accrued interest has been included in the principal balance under the First Note. <br />(d) No Duty of the Secretary. The Secretary has no duty to the holder of the First Note to <br />enforce covenants of the Second Security Instrument or to take actions to preserve the value <br />of the Property, even though the holder of the First Note may be unable to collect amounts <br />owed under the First Note because of restrictions in this Paragraph 13. <br />(e) Restrictions on Enforcement. Notwithstanding anything else in this Security Instrument, the <br />Borrower shall not be obligated to comply with the covenants hereof, and Paragraph 19 shall <br />have no force and effect, whenever there is no outstanding balance under the Second Note. <br />14. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or <br />I I I IIIIIIIII IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII <br />q0324138146711720000000 <br />Mortgage Cadance, LLC O 0279 (07l07) (6 of 9) Nebraska Second Deed of Trust - HECM F1XED RATE <br />