201207225 - Laserfiche WebLink

Browse

201207225 (i)AIl or pazY of the Property,or a beneficial interest in a Lvst owning a11 or part of the Property,is sold or otherwise transferred(other than by devise or descent),and (ii)The Property is na occupied by the purchaser or grantee u his or her principal residence,or the purohaser or grantee dces so occupy the Property,but his or her credit has not been approved in accordance with the requirements ofthe Secretaty. � (c)No Waiver.If circumstances occur that woutd permit Lender to require immediate payment in fu0,but Lender does not require such payments,Lender does not waive ks rights with respect to subsequent even4. (d)Regulations of HUD Secretary.In many circumstances regulations issued by the Secretary will limit Lender`s rip�ts,in the case of payment defaulu,to requ've immediate payment in ful]and foreclose if not paid. This SecuriTy Instrument dces not autFiorize accelerafion or foreclaswe if not permitted by regulalio�s of the 5ecretary. (e)Martgage Not Insured.Bortower agrees that ifthis SecudTy Inshvment and the Note are not determined to be eligible for insuranw under the National Housing Act within 60 days from ihe date hereof,Lender may,at its optioq require immediate payment in fult of all sums secured by this Security Inshvment A written siatement of any authorized agent of the Secretxry dated subsequent to 60 days from the date hereof,declining to insure this Securiry Inswment and the Note,shall be deemed conclusive proof of such ineligibiliTy.Noiwithstanding the foregoing this option may not be exercised by Lender when d�e unavailability of insurance is solely due to Lender's failure to remit a mottgage insurance premium to the Secretary. 10.Reinstatement Botrower has a right to be reinstated if Lender has required immediaYe payment in fuil because of Borrower's failwe to pay an amourrt due under the Note or this Security InsKument This right applies even after foreclosure proceedings are instituted_To reinstate fhe Security Instrument,Borrower shall tender in a lump sum aIl , amounrs required to bring Borrower's account cuerent inctuding,to the eatent they are obligatious of Borrower under this SecuriTy Inshumeny foreclosvre costs and reasonable and custnmary attorneys' fees and expenses properly asswiated with the foreclosure proceeding. Upon reinstatement by Bprrowe; Nis SecuriN luswment and the obligffiions that t[secures shall remai�in effect as if Lender had not required immediate payment in full.Aowever, Lender is not required to pertnit rei�statement iL(i)Lender has accepted reinstatement after the wmmencement of foreclosure proceedings within two years immediately preceding the commencement of a curre�t foreclasu�e proceeding,(ii)reinsbtement will preclude foreclosure on different groonds in the funue,or(iii)reinstateme�t will adversely affect the priority ofthe lien creazed by this Security I�shvment ll. Borrower Not Released; Forbearence By I.ender Not a Waiver.Erztension of the fime of payment or modification of amortization of the sums secured by this$ecurity instrume¢t grented by Lender to any successor in interest of Borzower sha71 not opernte to release the liability of the original Horrower or BorcoweWs successor in interest.Lender shall not be zequired to commenca proceedings against any suocessor in interes[or refuse to e#end time for payment or o[hetwise modiSy amortizal3on of the sums secured by this Security Insbument by reason of atry demand made by the original Bonower or Borsower's successors in interest.My forbeazance by I,ender in exercising any right or remedy shatl�ot be a waiver of or przclude the�ercise o£eny right or remedy. 12.Soccessors aod Assigns Bound;Jovnt and Several Liability;CoSignere.The covenants and agreements of this Security Inshvment shall bmd and 6enefrt the successo�s and assigns oF Lender and Borrower,su6ject to ihe- provisions of paragrnph 9(b).Bo�rower's covenants and agree�nrnts shall be joint and severat.Any Sorrower who ca signs this Secmity Instivment but dces not eaeecute the Note: (a) is ca-signing this Security instrument only to' mortgage,grant and comey thaz Borrower's interest in the Property under the te�ms of ihu Securiry Inswment;(b)is ❑ot personally obligated to pay the sums secured by this Security Instrument;and(c)agrees that Lender and any other Bortower may agee to ex[end,modify,forbear or make any acconunodations with regazd to the terms of this Security InsWmeni or the Note without thaz Borzower's consert. 13.Notiees.My notice to Borsower provided for in this Securiry Instivme�l shall be given by deGvering it or by mailing it by firsf class mail wless applicable law requires use of anothu method.The nofice shall be di�ected W the Property Address ox any oiher address Borrower designates by notice to Lendec Any notlw W Lender shall be given by FNA Nebraska Deetl MTnnt with MERS-9l96 qm¢nrky 7/pq Paqe5Me �os.v¢. Borrower(s)Ini�iais''