201202422 - Laserfiche WebLink

Browse

�01202422 1111062991 in full, but Lender does not require such payments, Lender does not waive its rights with respect to subsequent events. (d) Regulatfons of HTJD Secretary. In many circumstances regulations issued by the Secretary will limit Lender's rights in the case of payment defaults, to require immediate paymant in fttll and foreclosa if not peid. This Security Instrument does not authorize acceleration or forecloswa if nat permitted by regulations of the Secretary. (e) Mortgage Not Insured. Borrower agrees that should this Security Instrument and the Note are not to be eligible for insurance under the National Housing Act within 60 days from the date hareof, Lender may, at its option, require immediate payment in full of all sums secured by this Security Instrument. A written statement of any authorizad agent of the 5ecretary dated subsequent to 60 days from the data hereof, daclining lo insure this Security Instrument and tha • Note shall be deemed conclusive proof of such ineligibility. Notwithstandir►g the foregoing, this option may not be exercised by Lendar when the unavailability of insurance is solely due to Lender's failure to remit a mortgage insurance premium to the 5ecretary. 1Q. I�.einstatement, Bonower has a right to be reinstated if Lender has required immediata payment in full because of Borrower's failure to pay an amount due under the Note or this Security Instrumant. This right applies even after foreclosure proceedings are instituted. To reinstate the Security Instrument, Borrower shall tender in a lump sum all araounts required to bring Borrowed account current including, to the extenl they are obligations of Borrower under this Security Instrument, foraclosure costs and'reasonabl8 and customary attorney's fees and axpenses proparly associated with the foreclosure proceeding. Upon reinstatement by Bonower, this Security Tnstrument and the obligations that it securas shall ramain in effact as if Lender had not raquired immediate paymant in full, However, Lander is not raquired to permit reinstatement if: (i) Lender has accepted reinstatement after the commencement of foreclosure procaadings within two years immediately preceding the commencement of a current foreclosure proceeding, (ii) reinstatament will preclude foreclosure on different grounds in the future, or (rii) reinstatement will adversely affect the priority of the lien created by this Security Instrument. 11. Borrower 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 succassor in interest of Borrower shall not aperate to releasa the liability of the original Borrower or Borrower's successor in interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or otharwise modify amortization af the sums secured by this Sacurity Instrument by reason of any demand made by the original Borrower or Borrower's successors in interest. 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. Suceeseors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements of this Security Instrumant shall bind and banefit the successors and assigns of Lender and Borrowex, subject to tha provisions of paragraph 9.b. Borrower's covenants and agreements shall be joint and several, Any Borrower who co-signs this Security Instrument but does not execute the Note: (a) is casigning this Security Instrument only to mortgage, grant and convey that Borrower's interest in the property under the terms of this Security Instrument; (b) is not personally obligated to pay tha sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrowar may agree to axtend, modify, forbear or make any accommodations with regard to the terms of this Security Instrumant or the Note without that Borrower's consent. 13. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivaring it or by mailing it by first class 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 shall be given by �rst-class mail to Lendar's address stated herein or any address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be FHA Nebraska Deed of Trust - 06iI1 � 391.11 Page 5 of 8