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201108592 Loan No:3110818003 Data ID: 440 (b)Sale VVithout Credit ApprovaL Lender shall,if permitted by applicable law(including section 341(d)of the Garn-St Germain Depository Institutions Act of 1982, 12 U.S.C. 1701j3(d)) and with the prior approval of the Secretary,require immediate payment in full of all sums secured by this Security Instrument if: (i)All or part of[he Property,or a beneficial interest in a trust owning all or part of the Property,is sold or othenvise transferred(other than by devise oz 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 cred�t has not been approved in accordance with the requirements of the Secretary. (c)No Waiver, !f circumstances occur that would permit L.ender to require immediate payment in full,but Lender does not require such payments,L.ender does not waive its righcs 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 Securiry Instrument does not authorize acceleration or foreclosure if not 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 Housing Act within 90 days from the date hereof,Lender may,at its option require immediate payment in full of all sums secured by this Security Instrument. A written statement of any authorized agent oF the Secretary dated subsequent to 90 days from the date hereof,declining to insure this Security Instrument and the Note,shall be deemed conclusive proof of such ineligibility. Notwithstanding the foregoing,this option may not be exercised by Lender when the unavailability of insurance is solely due to Lender's failure to remit a mortgage insurance premium to the Secretary. L0. Reinstatemenf. Borrower has a right to be reinstated if Lender has required immediate payment in fult because of Borrower's failure to pay an amount due under the Note or this Security Instrument. This right applies even after f'oreciosure 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 Security Instrument, foreclosure wsts and reasonable and customary attorney's fees and expenses properly associated with the foreclosure proceeding. Upon reinstatement by Borrower, this Security Instrument and the obligations that it secures shall 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 foreclosure proceedings within two years immediately preceding the commencement of a current foreclosure proceeding, (ii) reinstatement will preclude foreclosure on different grounds in the future,or(iii)reinstatement will adversely affect the priority of the lien created by[his Security Instrument. 11. IIorrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time of payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successor in interest. I.ender shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or otherv✓ise modity amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's successors in interest. Any forbearance by I,ender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 12. Successors and Assigns Bound;Joint and Several Liability; Co-Signers. The covenants and agreements of this Security Tnstrument shall bind and henefit the successors and assigns of L,cnder 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 Insirument but does not execute the Note: (a}is co-signing this Security Instrument only to mortgage,grant and convey that Sorrower's interest in the Property under the terms of this Security Instrument;(b}is not personally obligated to pay the sums secured by this Securiry Instrument;and(c)agrees that Lender and any other Borrower may agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Tnstrument or the Note without that Borrower's consent. 13. Notices. Any notice to Borrower provided for in this Securiry Instrument shall be given by delivering it or by mailing it by�rst ctass mail unless applicable law requires use of another method. The notice shall be directed to the Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender sriall be given by first class mail to Lender's address stated herein or any address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or L.ender when given as provided in this paragraph. 14. Governing Law; Severability. This Security Instrument shall be governed by Federal law and the law of the jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note conflicts with applicable law,such confliet shall not affect other provisions of this Securiry Instrument or the Note which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. 15. Borrower's Copy. Borrower shall be given one conformed cApy of the Note and of this Security Instrument. NEBRASKA FHA DEED OF TRUST o6n� (Page 4 of 6 Pages) _ _ :. _. _ .