201301631 - Laserfiche WebLink

Browse

201301631 exercised by Lender when the unavailability of insurance is solely due to Lender's failure to remit a mortgage insurance premium to the Secretary. 10. Reinstatement.Borrower bias a right to be reinstated if Lender has required immediate payment in full because of Borrower's failure to pay an amount due under the Note or this Security Instrument. This right applies even after foreclosure proceedings are instituted. To reinstate the Security Instrument, Borrower shall tender in a lump sum all amounts required to bring Borrower's account current including, to the extent they are obligations of Borrower under this Security Instrument,foreclosure costs and reasonable and customary attorneys fees and expenses properly associated with the foreclosure proceeding. Upon reinstatement by Borrower. this Security Instrument and the obligations that it secures shall remain in effect as if Lender had not required immediate payment in full. However, Lender is not required to permit reinstatement if: I i) Lender has accepted reinstatement after the commencement of foreclosure proceedings within two years immediately preceding the commencement of a current foreclosure proceeding, (ii)reinstatement will preclude foreclosure on different grounds in the future, or(iii) reinstatement will adversely affect the priority of the lien cwated by this Security Instrument. 11. Borrower Not Released;ForbearanceBy Lender Not a Waiver. Extension of the time of payment or modification of amortization of the stuns secured by this Security Instrument granted by Lender to any successor in in:crest or Borrower shall not operate to release the liability of the original Borrower or Borrower's successor in interest. Lender shall not be regaim(' to commence proceedings against any successor in interest or refuse to extend time for pfly(lie iii or otherwise modify amortization of the sums secured by this Security Instmment by reason of any demand made by the original Borrower or Borrower's Si Ceesso rs in rut e rest. Any Forbear:ince by Lender in exercising any right or remedy shall not be a waiver or or preclude the exercise of any ri2ll1 or remedy. 12. Successorsand Assigns Bou nd;Joint and Several Liability;Co-Signers.The covenants and agreements of ibis Secunty Dist anent shall bind and benefit the successors and assigns of bander and Borrower, subject to the provisions of partgryph '.0). Borrower's covenants and agreements shall be joint and several. Any Bnrmwer who co-signs this Seem fly litstrument but does not execute the Note: (a) is co-signing this Security Instnunent only to mortgage- :rani and convey that Borrower's interest in the Properly wider the terns of tins Seenuity Instrument, tb) is not personally obligated 10 pay the sun is secured by this Security Ii'SIrllrnent; and I l :igrtes that 1.eudet and any other Borrower may agree to extend, modify, forbear or make any accommodations with tugani to the terms of this Security instrument or the Note without that Borrower's consent. 13. Notices.Any notice to Borrower provided for in this Security Instmment shall be given by delivering it or by mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Pmpern 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 Borrower. Any notice provided for in this Security Instnmient shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 14. GoverningLaw; Severability.This Security Instrument shall be governed by Federal law and the law of the jurisdiction in which the Property is located. ]n the event that any provision or clause of this Security Instmment or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. To this end the provisions of this Security Instmment and the Note are declared to be severable. 15. Borrower's Copy.Borrower shall be given one conl'ornred copy of the Note and of this Security Instnunent. FHA Deed of Trust-NE 4/96 VMP 0 VMP4R(NE)(1105).00 Wolters Kluwer Financial Services Page 6 of 10