201206685 - Laserfiche WebLink

Browse

2 0i20ss�� illiossixa and fdreclose if not paid. This Security Instrument daes not authorize acceleration or foreclosure if not permitted by regulations of the Secretary. (e) Mortgage Not Insarod. Borrower agrees that should this Security Instrument and the Note ara not to be eligible for insurance under the National Housing Act within 60 days from the date hereof, Landar may, at ita option, require immediate payment in full of all sums secured by this Sacurity Instrumant. A writtan statament of any authorized agent of the Secratary dated aubsequant to 60 days from the data hereof, declining to insura this Security Instrument and We Note shall be deemad concluaive proof of such ineligibility. Notwithstanding the foragoing, this option may not ba exercised by Lender when tha unavailability of insurance ia solely due to Lander's failure to remit a�mortgaga insurance premium to tha Secretary. 10. Reinstatement. Borrower has a right to ba rainstated if Landar has required imniediata paymant in full because of Borrower's failura to pay an amount due undar the Nota or this Security Instrument. This right applies evan after foreclosure praceedings are instituted, To reinstate the Sacurity Instrumant, Borrower shall tender in a lump aum all amounts required to bring Borrowed account currant including, to tha extent they are obllgations of Borrower under this Sacurity Instrument, foraclosure costs and reasonabla and customary attorney's fees and expenses properly associated with the foreclosure proceeding. Upon reinstatement by Borrower, this Security Iastrumont and the obligations that it secures shall remain in effact as if Lender had not required immediate payment in full. However, Lender ia not required to parmit reinstatement if: (i) Lender has accepted roinstatament aftar the commencement of foreclosura proceadings within two years immediately precading the commencement of a currant foreclosure proceeding, (ii) reinstatement will preclude foreclosure on diffarent grounds ln the future, or (fii) reinstatement wlll 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 amortizatlon of the sums secured by this Securlty Instrumant granted by I.ender to any successor in interest of Borrower ahall not operate to release the liability of the original Borrower or Borrower's successor in intereat. Lender shall not ba raquired to commence proceedings against any successor in intarest or refuse to axtand tirrie for payment or otherwise modify amortization of the sums secured by this Security Iastrumettt by resson of any demand mada by the orlginal 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. l2. Successors and Assigns Bound; Joint and Several Liability; Co-signera. The covenants and agreaments of this Security Instrument shall bind and bena�t the suocessors and assigns of Lender and Bonawer, subject to the provisions of paragraph 9.b. Boaower's covanants and agreements shal] be joint and saveral. Any Borrower who co-signs this Security Instrwnent but does not executa the Note; (a) is co-signing this Security Instrument only to mortgaga, grant and convey that Bonower's interest in khe propariy under the terms of this Sacurity Instrumant; (b) is not personally obligated to pay the sums secured by this Security Instnzmant; and (c) agrees that Lender and any other Borrower may agree to extend, modify, forbear or mako any accommodations with regard to the tarms of thia Security Instrument or the Note without that Borrower's consent. 13. Notices. Any notica to Borrower provided for in this Socurity Insttument shall be given by dalivering it or by mailing it by first clasa mail unlass applicabla law raquires use of another method. The natica shall ba diracted to the Proparty Address or any othar address Bonower designates by notice to Lender. Any notica to Lendor shall be given by �rst-class mai] to Lander's addrasa stated herain or any address Lender designates by notice to Borrower. Any notica provided for in this Security Instrumant shall be deemed to have been given to Borrowar or Lander whan givan as providad in thia paragraph. 14. Governing Law; Severabillty. This Security Instrumant shall be govemed by fedaral lew and the law of the jurisdiction in which the Property is located. In thB event that any provision or clausa of this Security Tnstrument or the Nota conflicts with epplicabla law, such conflict shall not affect other provisions F}iA Nebreaka Deed of Truat • 06/12 e� 391.14 Paga 5 of 8