My WebLink
|
Help
|
About
|
Sign Out
Browse
98103498
LFImages
>
Deeds
>
Deeds By Year
>
1998
>
98103498
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/12/2012 11:48:16 AM
Creation date
10/19/2005 5:37:59 PM
Metadata
Fields
Template:
DEEDS
Inst Number
98103498
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
7
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
Any amounts disbursed by Lender under th(s Paragraph shall become en addftional debt of BoROwer and be secured by <br /> thls Securky Instrument. These amounts shall bear interest irom the date of disbursement at the Note rate, and at the option oi <br /> ' Lender, shall be immediately due and payable. <br /> BoROwer shall promptly discherge any Ifen which has priority over this Securky Instrument unless Borrower: (a) egrees in <br /> wrking to the payment of the obligation secured by the lien in a mflnner accepteble to Lender; (b) contests in good fafth the lien <br /> by, or defends against enforcement ot the lien in, legal proceedings which in the Lender's opinion operate to prevent the <br /> eniorcement of the lien; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to <br /> this Security Instrument. It Lender determines that any part of the Property is subJect to a lien wh(ch may attaln prior$y over this <br /> Securky Instrument, Lender may give Borrower a notice identitying the lien. Borrower shall satisiy the Ilen or take one or more oi <br /> the actions set torth above within 10 days of the giving oi notice. � <br /> 8. Fees. Lender may collect fees and charges authorized by the Secretary. � <br /> 9. Grounds for Acceleration of Debt. � � <br /> (a) Default. Lender may, except as limfted by regulations issued by the Secretary in the case of payment defaufts, � <br /> requMe immediate payment in full of ell sums secured by this Security Instrument if: � <br /> (i) Borrower defaufts by (ailing to pay in full any monthly payment required by this Security Instrument prior to or on �j,� <br /> the due date of the next monthly payment, or � <br /> (ii) Borrower detaults by fail(ng, for a period of th(rty days, to perform any other obHgations contained in this Security W <br /> Instrument. � <br /> (b) Sale Without Credit Approval. lender shall, if permkted by applicable law (including section 341(d) of the <br /> Gam-St Germain Deposkory Institutions Act of 1982, 12 U.S.C. 1701j-3(d)) end wkh the prior approval of the Secretary, <br /> requke knmediete payment in full of all the sums secured by this Securky Instrument if: <br /> (i) All or part o( the Property, or a beneficial interest in a trust owning all or part of the Property, is sold or <br /> otherwise transferred (other than by devise or descent), and <br /> (li) The Property is not occupied by the purchaser or grantee as his or her principal residence, or the purchaser or <br /> grantee does so occupy the Property, but his or her credit has not been approved in accordance with the <br /> requirements of the Secretary. <br /> (C) NO Waiver. If circumstances occur that would permit Lender to require immediate payment in full, but Lender <br /> does not requke such payments, Lender does not walve ks rights with respect to subsequent events. <br /> (d) Regulations of HUD Secretary. In many circumstances regulations issued by the Secretary will Ifmit <br /> Lender's rights, in the case o( payment defauRs, to require immediate payment in full and foreclose ff not paid. This <br /> Security Instrument does not authorize acceleration or foreclosure if not permitted by regulations of the Secretary. <br /> (e) Mortgage Not Insured. Borrower agrees that if this Security Instrument and the Note are not determined to <br /> be eligible (or insurance under the National Housing Act within # of days (90) from the date hereof, Lender <br /> may, at its option require immediate payment in full of all sums secured by this Securky Instrument. A written statement <br /> of any authorized agent of the Secretary dated subsequent to # Of dByS (90) from the dete hereof, declining <br /> to insure this Security Instrument and the Note, shall be deemed conclusive proof of such ineligibility. Notwithstanding <br /> the foregoing, this option may not be exercised by Lender when the unavailabilky of insurance is solely due to Lender's <br /> failure to remit a mortgage insurance premium to the Secretary. <br /> 10. Reinstatement. Borrower has a right to be rek�stated if Lender has required immediate payment in (ull because of <br /> Borrower's failure to pay an amount due under the Note or this Securky Instrument. This right appiies even after foreclosure <br /> proceedfngs are instkuted. To reinstate the Securky Instrument, Borrower shall tender in a lump sum ell amounts required to <br /> br�g Borrower's account current including, to the extent they are obligations oi Borrower under this Security Instrument, <br /> foreclosure costs and reasonable and customary attorney's fees and expenses properly associated with the foreclosure <br /> proceeding. Upon reinstatement by Borrower, this Securky Instrument and the obligations that it secures shall remain in effect as <br /> ff Lender had not required immediate payment in full. However, Lender is not required to permit reinstatement if: (i) Lender has <br /> accepted reinstatement after the commencement of foreclosure proceedings within two years immediately preceding the <br /> commencement of a current foreclosure proceeding, (ii) reinstatement will preclude (oreclosure on different grounds in the future, <br /> or (ili) reinstatement will adversely aHect the priority of the lien created by this Security Instrument. <br /> 11. Borrower Not Released; Forbearance By Lender Not a Waiver. EMension of the time ot payment or <br /> moditication ot amortizetion o( the sums secured by this Security Instrument granted by Lender to any successor in interest of <br /> BoROwer shell not operate to release the liability of the original BoROwer or BoROwer's successor In interest. Lender shall not be <br /> required to commence proceedings against any successor ln interest or refuse to extend time for payment or otherwise modify <br /> amortization of the sums secured by this Securky Instrument by reason of eny demand made by the original Bonower or <br /> Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or <br /> preclude the exercise of any right or remedy. <br /> 12. Successors and Assigns Bound; Joint and Several Liability; Co-signers. Tne covenants and <br /> agreements of this Security Instrument shall bind and benetit the successors and assigns of Lender and Borrower, subject to the <br /> provisions of Paragraph 9(b). Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this <br /> Security Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey <br /> that Borrower's interest in the Property under the terms of this Security Instrument; (b) fs not personally obligated to pay the <br /> sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend, modify, <br /> torbear or make any accommodations wRh regard to the term of this Security Instrument or the Note without that Borrower's <br /> consent. <br /> 13. Notices. Any notice to Bonower provlded for in thfs Securfty Instrument shall be gNen by delivering k or by maiting ft <br /> by tkst class mail unless appibable law requlres use ot another method. The notice shell be directed to the Property Address or <br /> any other address BoROwer designates by notice to Lender. Any notice to Lender shall be given by first class mail to Lender's <br /> eddress stated herein or any address Lender designates by notice to Borrower. Any notice provided to� in this Securky <br /> Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. <br /> 14. Governing Law; Severability. This Security Instrument shall be govemed by Federal law and the law of the <br /> jurisdiction fn which the Property is located. In the event that any provision or clause of this Security Instrument or the Note <br /> F5e19.LMO(t/Be) Pap� 3 of 6 <br />
The URL can be used to link to this page
Your browser does not support the video tag.