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201103�0� (c) secures from the holder of the lien an agreement satisfactory to Lender subordinaring the lien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give � Borrower a notice identifying the lien. Borrower shall sarisfy the lien or take one or more of the actions set forth above within 10 days of the giving of notice. 8. Fees. Lender may collect fees and chatges authorized by the Secretary. 9. Grounds for Acceleration of Deb� (a) Default Lender may, except as limited by regulations issued by the Secretazy, in the case of payment defaults, require nnmediate payrnent in fu11 of all sums secured by this Security Instrument if: (i) Bonower defaults by failing to pay in full azry monthly payment required by this Security Instrument prior to or on the due date of the next monthly paymeat, or (n) Bonower defaults by failing, for a period of thirty days, to perform any other obligations contained in this Security Instrumen� (b) Sale R'ithout Ctedit Approval. Lender shall, if pernutted by applicable law (including Section 341(d) of the Garn-St. Germain Depository Institutions Act of 1982, 12 U.S.C. 1701j-3(d)) and with the prior approval of the 5ecretary, zequire immediate payment in full of all sums seeured 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 or 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 Properiy, but his or her credit has not been approved in accordance with the requirements of the Secretary. (c) No R'aiver. If circumstances occur that would pernut Lender to r�uire immediate payment in full, but Lender does not require such payments, Lender does not waive its rights with respect to subsequent events. (d) Regulations of HUD Secretary. In many circumstances regulations issued by the Secretary will limit Lender's rights, in the case of payment defaults, to require immediate payment in full and foreclose if not paid. This Security Instrument does not authorize acceleration or foreclosure if not permitted by regulations of the Secretary. (e) Mortgage Not Insared. Borrower agrees that if this Security Insu�ument and the Note are not determined to be eligible for insurance under the National Housing Act within 60 days from the date hereof, Lender may, at its option, require unmediate payment in full of all sums secured by this Security Instrument. A written statemettt of any authorized agent of the 5ecretary dated subsequent to 60 days from the date hereof, declining to insure this 5ecwtity Instnunent and the Note, shall Ue deemed conclusive proof of such ineligibility. Notwithstanding the foregoing, this optiott may not be exercised by Lender when the unavailability of insurance is solely due to Lender's failute to remit a mortgage insw�ance premium to the Secretaty. 10. Reinstatement Boaower has a right to be reinstated if Lender has required immediate payment in full because of Bortower's failure to pay an amount due under the Note or this Security Instrumen� This right applies even after foreclosure proceedings are instituted. To reinstate the Security Instrument, Borrower shall tender in a lump sum a11 amounts required to bring Bonower's account curretrt including, to the extent they are obligations of Borrower under this Secutity Instrument, foreclosure costs and reasonable and customary attorneys' fees and expenses properly associated with the foreclosure proceeding. Upon reinstatement by Borrower, this Security Instrument and the obligations that it secures sha11 remain in effect as if Lender had not required immediate payment in full. However, Lender is not required to permit reinstatement if: (i) Lender has accepted reinstatement after the commencement of forecloswe proceedings within two years immediately preceding the commencement of a curnnt foreclosure proceeding, (ri) reinstatemeirt will preclude foreclosure on different grouttds in the futwe, or (rii) reinstatement will adversely affect the priority of the lien created by this Security Insttument. 11. Borrower Not Released; Forbearance By I.ender Not a Waiver. Extension of the time of payment or modification of amortization of the sums secure�d by this Secutity Instrument granted by Lender to any successor in interest of Borrower sha11 not operate to release the liability of the original Bonower or Borrower's successor in interest. Lender sha11 not be required to comtnence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Secwrity Instrument by reason of any demand made by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in elctercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 12. Successors and Assigns Bonnd; Joint and Several Liability; Co-5igners. The covenants and agreements of this Security Instrttment shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of paragraph 9(b). Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey that Borrower's interest in the Property under the terms of this Security Instrumetrt; (b) is not personally obligated to pay the sums secured by this Security Instiument; and FHA Nebraska Deed of Trust wffh MERS — 4J86 ded Page 4 of 7 t � , i � IniUal �