201202016 - Laserfiche WebLink

Browse

�� paid This Security Instrument does not authorize acceleration or foreclosure if not pernritted by regulatians of the Secretary. (e) Mortgage Not Ineared. Borrower agrees that if this Security In.strument and the Note are not determined to be eligible for insurance under the National Housing Act within 6 0 DAYS from the date hereof, Lender may, at its aption, require immediate paymeat in full of all sums sec�ued by tUis Security Instrument A written statement of any authorized agent of the Secretary dated subsequent to 6 0 DAYS from the date hereo� declining to insure this Security Instnmmeat and the Note, sl�all be deemed conclusive proof of such ineligibility. Notwithstanding the foregoing, Uus option may not be exercisedby Lender when the unavailability of insurance is solely due ta Lender's failure to remit a mortgage insurance premium to the Secretary. 10. Reinstateme�. Bortower has a right to be reinstated if Lender has required immediate payment in full because of Bonower's failure to pay an amount due imder the Note or this Security Instn�en� 'This right applies even after foreclosure proceedings are instituted. To reinstate the Security Inslrument, Bonower shall tender in a lump sum all amoimts required to bring Borrower's account current including, to the extent they aze obligations of Borrower under this Security Instrument, foreclos�ue costs and reasonable and customary attomeys' fees and expenses properly associated with the foreclos�se proceeding. Upon teinstatement by Borrower, this Security Instrumeat and the obligations that it sec�ues shall remain in effect as if Leader had not required immediate payment in full. However, Lender is not required to permit reinstatemern ifi (i) Lender has accepted reinstatement after the commencement of foreclosure proceedings witivn two years immediately preceding the commencement of a c�urent foreclosure proceeding, (ii) reinstatement will preclude foreclosure on different grounds in the fudae, or (iri) reinstatement will adversely afFect the priority of the lien created by this Security Inshwnent. 11. Borrower Not Released; Forbearance by Lender Not a Waiver. Extensioa of the time of payment or modification of amorti�tion of the sums secured by this Security Instrument granted by Lender to azry successor in interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest Lender shall not be required to commence proceedings against any successor in interest or refuse to e�ttend time for payment or otherwise modify amortiution of the sums sec�ued by tUis Secwity Instrumeat by reason of any demand madeby the original Borrower or Bonower' s successors in interesk Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 12. Succ�sors and Aeslgna Bonnd; Joint and Several Liabllity; Co-Signeis. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Bonower, subject to the provisions of pazagraph 9(b). Borrower's covenants and agrezmenis shall be joint and several. Any Bonower who co-signs this Security Instrument but does not execute the Note: (a) is co-signing this Security Insirument only to mortgage, grant and convey that Borrower' s interest in the Property under the terms of this Security Insh�ument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and azty other Bonower may agree to extend, modify, forbear or make auy accommodations with regard to the terms of this Secu►ity Insttmment or the Note without that Borrower's consent. 13. Notices. fwy notice to Bonower provided for in Uvs Security Instrument shall be givea by delivering it or by mailing it by first cless mail imless 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 shall be given by first class mail to Lender' s address stated herein or any address Lender designates by notice to Bonower. Any notice provided for in this Security Inshument sha11 be deemed to have been given to Borrower or Lender when given as provided 'm this paragraph. 14. Governing Law; Severabllity. This Security Instrument shall be govemed by federal law and the law of the jurisdiction in wlrich the Property is located. In the event that any provision or clause of this Security In.4trument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Inshument or the Note wluch c�n 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 copy of the Note and of this Security Instrument. 16. Ha�ardons Snbetances. Boaower shall not cause or permit the presence, use, disposal, storage, or release of azry Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Ptopetty that is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances that aze generally recognized to be appropriate to normal residential uses and to maintenance of the Property. Borrower shall promptly give Lender written notice of aay investigation, claim, demand, lawsuit or other action by any govemmental or regulaYory agency ar private party involving the Property and any Ha�ardous Substance or Environmental Law of wlach Borrower has actual Imowledge. If Borrower learns, or is notified by any governmental or regulatory authority, that any removal or other remediation of any Ha�asrdous Substances affecting the Property is nece�sary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. As used in t7us paragraph 16, "Eia�ardous Substances" are thase substances defined as toxic or ha�$rdous substances by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petolevm product�, toacic pesticides and herbicides, volatile solvents, materials containing asbesbos or formaldehyde, and radioactive materials. As used in this paragraph 16, "Environmental I.aw" means federal laws and laws of the jurisdiction where the Property is located fl�at relate to healtb, safety or environmental protection. FHA N�RASKA D� OF TRUST - MHiS �eg(e � NmOTZ.FHA 10/27/91 Page 4 of 7 www.davnagtc.aom Qldlal Ia�l I� II� I I Q I Q 01I IIII� II�I I In