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201109223 (b) Due and Payable with Secretary Approval. Lender may require immediate payment in full oi'all sums secured vy this Security Instrument,upon appeoval by an authorized representative of the Secretary,iP: (i) The Property ceases to be the principal residence of'a Borrower lor reasons other than death and the ,I Property is not the principal residence of at least one other Borrower;or (ii) For a period of longer than twelve(12)consecutive moilths,a Borrower fails to physically occupy the Property because of physical or mental illness and the Property is not the principal residence of at least one other Borrower;ar �� (iii) An obligation of the Borrower unde�-this Security [nstrument is not performcd. (c) Notice to Lendeu-. Boi-rower shall i�otify Lender whenever any ofi the events listed in Paragraph 9(a)(ii) and(b)occur. (d) Notice to Secretary and Borrower. Lender shall notify the Secretary and Borrower whenever the loan I� becomes due and payable under Paragraph 9(a)(ii) and (b). Lender shall not have the right to commence foreclosure until Borro�ver has had thirty(30)days after notice to either: (i} Correct the matter which resuited in the Security Instrument coming due and payable;or � (ii) Pay the balance in fiull;or � (iii) Sell the Property for the lesser o{'the balance or 95%of the appraised value and apply the net proceeds � of the sale to�n�ard the balance;or I�� (iv) Provide the Lender with a deed in lieu of foreclosure. ( (e) Trusts. Conveyance of a Borrower's interest in the Property to a h•ust which meets the requirements of the Ij Secretary, or conveyance of a trust's inter•ests in the Property to a Borrower, shall not be considered a � conveyance for purposes of this Paragraph 9. A trust shall not be considered an occupant or be considered as having a principal residence for purposes of this Paragraph 9. I (f) Mortgage Not Irnsured. Borrower agrees that should this Security Instrument and the Note not be eligible for insurance under the National Housing Act within sixty (60) days from the date hei-eof, Lender may, at its option,require iinmediate payment in full of all sums secured by this Secw•ity Instrument. A written statement of any authorized agent of the Secretary dated subsequent to sixly (60)days from the date hereof; declining to insure this Security Instrwnent and the Note, shall be deemed conclusive proof of such ineligibility. Notwithstanding the foregoing,this option may not be eYercised by Lender when the unavailability of insurance is solely due to Lender's failure to remit a mortigage insurance premiwn to the Secretary. 10. h'o Defciency Judgments. Borrower shall have no personal liability for payment of the debt secw-ed by this Security Instrument. Lender may enforce the debt only through sale of the Property. Lender shall not be permitted to obtain a deficiency ,judgment a�ainst Borrower if the Security Instrument is foreclosed. If_this Security Instrument is assigned to the Secretacy upon demand by the Secretary, Borrower shall not be liable for any differpnce between the mortgage insurance benefits paid to Lender and the outstanding indebtedness, including acccued interest,owed by Borrower at the time of the assignment. ll. Reinstatement. Borr�wer has a right to be reinstated if Lender has required immediate payment in i'ull. This right applies even attec foreclosure proceedings are instituted. "I'o reinstate this Secucity Instrument,Borrower shall correct the condition which resulted in the requirement for immediate payment in full. Foreclosure costs and reasonable and customary attorney's fees and expenses properly associated with a f'oreclosure proceeding shall be Nebraskn 1�"Serm�rry Insn�:mient �O Hcry Docs,/nc.06/10 Page 4