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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 /> 43 <br /> any transf�r under Section 2�, �r required by Lender fallvw�n� a reasona�ie <br /> d�term�nation by Lender that Prohibit�d ACt�viti�s or Conditions may exist. Any such <br /> costs in�urred by Lender �including the fees and aut-of-pocket casts of attorneys and <br /> t�chnical consu�tants whether incurr�d �n c�nnection with any�udicial �app���at� or <br /> �therwis�} or administrati�e process ar atherwis�} which B�rrow�r fai�s t� pay pramptly <br /> shali be�ame an additionai part of the Inde�tedness as provided in S��tion 13; pr��ided <br /> that so I�ng a� the Loan is insured by HUD, n� advances made by L�nd�r under this <br /> subsection �h} shall become an addit�onal part of the Inde�t�dness unless such <br /> ad�ances receive the pri�r wr�tt�n ap�roval �f HUD and pr�v�ded furth�r that un�ess <br /> ap�ra�ed by HU�, Lender shalE ha�� no obligation to make such furth�r ad�ance�. The <br /> results of al! Envir�nmental Ins��ctEans ma�e by L�nder sha�� at alE tim�s remain the <br /> prop�rty of L�nder an� Lender shall ha�e no o�ligation ta disclos� �r otherwise mak� <br /> availab�e to any party �ther than Barrower, and so Ion� as the Loan is insured by H U D, <br /> t� HUD, such results �r any other inf�rmation obtain�d by Lender in conne�tion with its <br /> Envir�nmental Inspections. Lender here�y reser�es the right, and B�rr�wer her�by <br /> expressly authori�es Lender, t� mak� a�aiiab�e t� any party, including any pr�spective <br /> bidder at a for�closure safe of the Mortgage� Pr�perty, the r�su�ts of any En�ironm�ntal <br /> inspections made �y L�nder with resp�ct to the Mortgaged Pro�erty. Borrower <br /> �onsents to Lender not�fy�ng any party ��ither as part af a natice of sale or otherwise} of <br /> th� results of any of Lend�r's En�ironmentaf Inspections. B�rr�wer acknowledg�s that <br /> Lend�r cann�t ��ntral or otherwise assure th� truthfu�ness �r accura�y vf the resuits of <br /> any af its En�ironm�nta� Inspections an� that the release af such r�sults to �r�speGtive <br /> bidd�rs at a f�rec�osure sale of th� Mortgag�d Pr�perty may haWe a material and <br /> ad�erse eff�ct upon th� amount whi�h a party may bid at such sale. Borraw�r agrees <br /> that Lender shall have no fiabi�ity whatsoe��r as a resu�t af deli��ring th� results �f any <br /> �f its En�iranmental Inspections t� any third party, and Borrow�r her�by releases and <br /> f�re�er discharges L�nder from any and all c�aEms, damag�s, �r causes of action, <br /> arising out of, �onnect�d with �r incidentai to the r�sults of, the d�li��ry �f any of <br /> Lender's En�ir�nmental fnsp�ct�ons. <br /> �r} lf any in��stigatian, site m�nit�rin�, cvntainm�nt, Gl�an-up, rest�rati�n or <br /> other remediai work �"Rem�dia! INork"} �s n�cessary t� comply with any Hazardaus <br /> Materiafs Law that has or acquires jurisdiction o�er th� Mortgaged Property or th� use, <br /> �peration �r impro�ement of the Mortgaged Property under any Hazardous Mat�rials <br /> Lavv, Borraw�r shall, by the �arlier �f �1} the applicabie d�a��ine required by the <br /> Hazardvus Mat�rials Law �r ��} thirty �3�} days after Notice from Lend�r demand�ng <br /> such ac�ian, b�g�n �erFarming the R�medial VV�rk, and thereafter dilig�ntly �rose�ut� i� <br /> t� completion, and shall in any e�ent campfe�e the wvrk by th� time required by <br /> applicable Hazard�us Mater�als LavU. If Borrow�r fails to begin an a timefy ba�is �r <br /> diligent�y pros�cute any r�quired Remedial �Il�ark, Lend�r may, at its o�ti�n, caus� th� <br /> Remedial Work to be cflmpleted, in wh�ch cas� Borrower shali reimburse L�n�er on <br /> demand f�r the c�st of d�ing so. So Iong as the Loan is 'rnsur�d by HUa, no ad�ances <br /> made by Lender under this subsection ��} shali b�come part of the Ind�btedn�ss as <br /> Previaus editions are obsolete HUD fUIF S�curity Instrument HUD-94QQ�M�Rev.�41�1} <br />
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