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201401199
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Last modified
7/20/2017 10:24:38 AM
Creation date
3/3/2014 1:04:10 PM
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DEEDS
Inst Number
201401199
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��14�1199 <br /> �2 <br /> times maintair� r�cords sufficient to dem�nstrat� com�liance with th� pr���sions af this <br /> S�cti�n �1. Borr�w�r shall take apprnpriate measures t� prev�nt, and shall n�t �ngage <br /> in or know�ngly permit, any iil�gal a�t'rv�ties at the Martgag�d �rop�rty, including those <br /> that �auld endanger tenants �r v�sitors, result in damage tv th� IVlortgaged Property, <br /> result in farfeiture of the Mortgaged Property, �r otherw�se im�air th� lien created by this <br /> S�curity instrument or L�nd�r's interest in the M�rkgaged Pr�perty. Barrower <br /> repr�s�nts and warrants to Lend�r that no p�rti�n �f the Mortgaged Pr�perty has �een <br /> �r will be purchas�d with the pro��eds of any il�egal activity. <br /> '12. USE �F PR�PERTY. Unless �ermitted by applicable law and approved <br /> by Lender, �orrower shall not �a} al�ow chan�es in the use for vUhich all �r any part �f <br /> th� Mortgaged Property is being used at the time this Security fnstrument was <br /> exe�uted, �b} conv�rt any individua! dwelling units or comm�n areas to c�mmercial use, <br /> �c} initiate �r acqui�sc� in a chang� in the zoning cEassificati�n �f the Mor�gag�d <br /> Property that results �n any change �n permitted use that was in effe�t at the t�me of <br /> initiallfinal endorsem�nt, �d} establish any condominium or coo�erative regime with <br /> r�spe�t to th� Mortga�ed Pr�perty, �e} materially change any unit canfigurations or <br /> change th� number of un�ts in the Martgaged Prap�rty, �f} combine all ar any �art of th� <br /> M�rtga��d Property vvith al� �r any �art of a tax parc�l which is n�t part nf the <br /> Mortgaged Prop�rty, �g} subdi�ide �r otherwise split any tax parc�l constituting all �r <br /> any part �f th� Mortgaged Pr�perty, ar �h} so �ong as the Note �s insur�d or h�ld by <br /> HUD, ��rmit the Martgag�d Property to be used as transient housin� or as a hotel in <br /> �iolati�n of Section 5�3 �f the Nativnai Housing Act, as am�nded. <br /> '�3. PR�TECT��N �F LENDER'S SECURITY. , <br /> �a} If B�rrower fails to perform any af its obligatians under this Secur�ty <br /> Instrum�nt, Note ar R�gulatory Agr��ment, ar if any action �r proceeding �s <br /> c�mmenc�d which purparts t� affect the Mor��aged Property, Lender's security �r <br /> Lender's rights under this �ecurity Instrument, inc�uding eminent domain, �nsolvency, <br /> 1Nast�, c�de �nforc�ment, ci�il or crim�na! forfeitur�, enforcement of Ha�ardous <br /> Ma�eriafs Laws, fraudu�ent con�eyance or reorganizatians �r proceed�ngs invol��ng a <br /> bankrupt �r decedent, then Lender at Lender's option may make such app�arances, <br /> advance such sums and take such a�tions as Lender r�as�nabiy deems n�c�ssary to <br /> per�orm such obligations of Borr�wer and �� pr�tect Lender's interest, inc�uding ��} <br /> �ayment of fees and �ut-of-pocket ex�enses of attorneys ��ncluding fees for litigati�n at <br /> af� le�eis}, a�cauntants, ins�e�t�rs and consultants, ��} entry u�on the M�rtgag�d <br /> Property to mak� re�airs or s�cure the Mortgaged Pro�erty, �3} pra�ur�ment of the <br /> insurance r�quired by S�c�ion �9, and �4} paym�nt of am�unts which Borr�w�r has <br /> failed to pay under Sectivn �� or any other Section of this Se�urity �nstrument. <br /> �b} Any am�unts advanced by Lender for tax�s, spec�al assessments, water <br /> rates, wh ich a re !iens �ri�r to th� Secu r�ty 1 ns�ru ment, insu r�ng the Project and martgage <br /> _ .,.�.,_�,_�.�.�.� <br /> Pre�i�us editions are absolete H�D MF S�Curi#y�nstrumen� HIJD-940��M�Re�.4411�} <br />
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