Other Grounds. Lender may require immediate payment in full of all outstanding principal and accrued interest, if: (i) The Property ceases to be the principal residence of a Borrower for reasons other than death and the Property is not the principal residence of at least one other Borrower; (ii) For a period of longer than 12 consecutive months, a ▇▇▇▇▇▇▇▇ 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; or (iii) An obligation of the Borrower under the Security Instrument is not performed.
Appears in 2 contracts
Sources: Home Equity Conversion Loan Agreement, Home Equity Conversion Loan Agreement