201401383 - Laserfiche WebLink

Browse

��14�1353 �ii� The Praperty is not occupied by the purchaser or grantee as his or her principal resid�nce, ar the purchaser or grantee d�es so occupy the Property, bu� his or her credit has nvt been appra�ed in accordance with the requirements af the Secretary. �c} No Wai�er. If circumstances occur that wou�d permit Lender ta require�mmediate payment in fu11, but Lender d�es nat reQuire such payments, Lender does not wai�e its rights with respect to subsequent e�ents. �d} Regulations of HU�Secretary. In many circumstances regulations issued by the Secretary wi1l limit Lender's rights, in the case�f payment defau�ts, to require immed�ate payment�n fu11 and fareclose�f nat ; aid. This Securi Instrument does not authorize acce�eration or foreclasure if nat permitted by regulatians � p �Y af the Secretary. te} Martgage Na� Insured. Sorrower agrees that xf this Se�urity Instrument and the Note are not determined to be eligible for insurance under�he National Housing Act wi�h�n �Q DAYS from�he date hereof, Lender may, at its optian, require immediate payment in fu11 of a1� sums secured by this Security Instrument. A written statement of any authorized agent of the Secretary dated subsequent to �U DAYS from the date hereof, decl�n�ng to insure this Securi�y Instrument and the Note, shali be deemed conclusi�e proaf of such ine�igibiiity. Notw�thstand�ng the foregaing, this op�ion may not be exerc�sed by Lender when the una�ai�abili�y of insurance is so�ely due to Lender's faiiure to remit a mvrtgage insurance premium tfl the Secretary. 14. Rein�tatement. Borrawer has a right ta be reinstated if Lender has required immediate paymen� in ful� because af Barrower's failure to pay an amount due under the Note or this Se�urity�nstrumen�. This right applies e��n after forec�asure proceedings are instituted. To reins�ate the Se�urity Instrument, Borrower shali tender in a lump sum a11 amounts required to bring Borrawer`s account current including, to the extent they are abligations of Bvrrower under this Security�nstrument, for�closure�osts and reasanable and�ustomary at�orneys' fees and expenses properly associated with the foreclosure proceeding. Upon reinstatement by Borr�wer,this Security Instrum.ent and the obliga�ions that it s�cures shall r�main in effec� as if Lender had nat required immediate payment in fu11. Howe�er, Lender is no� required to permit reinstatement if: �i} Lender has accep�ed r�instatement a�er the commencement of fareclosure prviceedings vWithin tv�o years immedia�ely preceding the commencem�nt af a current foreclosure proceeding, (ii� reinstatement vWill pre�lude foreclosure on different grounds in the future, ar �iii� reinstatement wi�l ad�ersely affect�he priari�y af the lien created by this Security Instrument. 11. Barrower Not Released; Farbearance by Lender Not a Wai�er. Extensi�n of�he time of payment �r modif cation of amortizat�an of the sums secured by this Secur�ty�nstrurnent granted by Lender to any successar�n interest of Barrawer shal� not aperate t� release the �ia�i�ity of the original Borrawer or Borrawer's successors in interest. Lender shal�nat be required to commence proceedings against any successor in interest or refuse�o extend time for payment or otherwise madify amortiza.tion of�he sums secured by this Security Instrument by reason af any demand made by the arig�nal Borrower ar Bnrrower's succe�sars in interest. Any forbearance by Lender in exercising any righ� ar remedy sha�1 not be a wai�er of or preclude the exercise of any right ar remedy. 1�. Successors and A55igns Bound;Joint and SQ�eral Liabi�ity; Co-Signers. The co�enants and agreements of this Security Instrument sha�1 bind and benef t the successors and assigns of Lender and Barrower, subject t�the pro�isians af paragraph 9�b}. Borrflwer's co�enan�s a.nd agreements shali be joint and se�erai. Any Borrower wha co-signs this Security Instrument but does not execute the Note: �a} is co-signing this Security Instrument an�y to mortgag�, gran�and con�ey that Borrower's interest in the Property under the terms of�his Security Instrumen�; (b} is no�personally obligated t�pay the sums secured by this Securi�y Ins�rument; and�c�agrees that Lender and any other Barrawer may agree to ex�end, m�dify, forbear or make any accommodations with regard to the terms of�his Security Instrument ar the N��e wi�hout that Borrawer's consent, 13. Notices. Any not�ce to Borrower pro�ided for in this Securi�y Ins�rument sha11 be gi�en by deli�ering it or by mai�ing it by first c�ass mail unless app�icable 1aw requires use af ano�her method. The notice shali be directed to the Property Address or any o�her address Borrower designates by notice to Lender. Any notice to Lender shall be given by f rst class mai�ta Lender's address stated herein or any address Lender designates by notice to Borrower. Any natice pro�ided for�n this Security Instrument shall be deemed to ha�e been gi�en to Borrower ar Lender when gi�en as pro�ided in this paragraph. FHA NEBRASKA �EED�F TRUST - MERS ��lc NED�TZ.FHA 471�31�2 Page 5 of 9 www.dvcmagic.com