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201401199
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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 /> 23 <br /> insuran�� premiums, paid after an Event �f Default, sha�� be added t�, and �ecome <br /> part �f the Indebt�dness, and sha�� be imme�iately due and payable and sha�l bear <br /> �nterest from the dat� �f the advance until paid at the I nterest Rate specified in th� Note. <br /> So �ong as the L�an is �nsured or held �y H U D, L�nder does not ha�e any ��i�gati�n to <br /> make ad�ances exce�t as required under Pro�ram 4b�igations, and any advanc� by <br /> Lender other than as required by Program �biigations requires prinr HUD approva� <br /> before such advance can be adde� to the lndebtedn�ss. <br /> �c} N�thing in 5�ction �3 shafl require Lend�rto incur any ex�ense ortak� <br /> any aGtian t� protect its security. <br /> '14. lNSPECTI�N. Upon reasonable n�tice, Lend�rr ItS dC��I�1t5, <br /> representativ�s, and designees, may make or cause t� be mad� entrie� upon and <br /> Enspections af the Martgaged Proper�y ��ncluding any envir�nmental inspecti�ns and <br /> tests} during n�rma� business h�urs, or at any oth�r reasonable time. <br /> '!5. B��KS AND RE��RDS; F�NANCIAL REPDRTlNC. <br /> �a} B�rrow�r sha�l ke�p and ma�ntain at alE times at the 1111ortgag�d Property or <br /> the management a�ent's �ffices, an� upon Lend�r's r�qu�st sha�l make ava��able at the <br /> Mortgag�d Prop�rty, cvmplete and a�curate b�oks of account and records �including <br /> copies of supparting bEl�s and invoices} ad�quate t❑ refle�t corr�ctly the operatian of the <br /> Mortgaged Pr�perty, and c�pies of afl written �ontracts, Leas�s, and oth�r instrum�nts <br /> which affect the Mortgaged Property. The �ooks, rec�rds, contracts, Leases and vther <br /> instrum�nts shall be sub��ct to �xamination and �nsp�ction at any reasonabl� time by <br /> Lender. <br /> �b} �f an E�ent of Default has occurred and is continuing, BorrovU�r sha��, at <br /> Borrower's expense, del��er ta Lender up�n v�ritten d�mand ali baoks and recards <br /> refating t� the Mortgaged Pr�p�rty �r its ap��atian, which shall b� maintained at the <br /> Mortgag�d Praperty. <br /> �c} Borrower authorizes L�nder to obtain a credit report on B�rr�wer, at <br /> Borr�wer's expense, at any t�m�. <br /> �d} Within �2� days after the end of each fiscai year of Borrower, Borrawer <br /> shall furnish to Lender a statem�nt of income and expenses of Borro�er's aperat�on of <br /> the Mortgaged Pr�p�rty fvr that fiscal y�ar, a stat�ment �f changes in financial positivn <br /> of B�rr�wer relating t� the Mortgag�d Prnperty for that fisCal y�ar and, when requested <br /> by Lender, a ba�an�e sh�et showing all ass�ts and liabili�i�s of Borrow�r reEating ta the <br /> M�rtgaged Pr�perty as of�he end af that fiscal year. If B�rr�w�r's fiscal year is other <br /> than �h� calendar year, Borrower must also submit t� Lender a year-�nd stat�ment vf <br /> income and expenses wrthin ��� days after the �nd of the calendar y�ar. Lend�r also <br /> Previous editions are obsolete HUD MF Security Instrument HU�-940��M�Re�. Q41'I�} <br />
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