201402874 - Laserfiche WebLink

Browse

��14��574 al� sums due�o�the l�an ser�vicer for ser�ic�rig ac��vities as defned�n th�Loan Agreement. Any amaun�s disbursed by Lender under th�s Paragraph sha�l become ar�add�t�anal debt of Borro�rer as pro��ded for in the Loan Agreem�nt and shall be se�ured by this Sec�ri�y Instrument. 5. Inspect�on. L�nder or its agent may e�ter on, inspect or make apprai�als of�he Prop�r�y in a reasonab�e manr�er and a�reasanable t�mes pro�ided�ha�Lender sha�� give the Borrovver natic�priar to any�nsp�ction or appra�sal spec�fying a purpose for the inspecti�n�r appra�sal v�hi�h must be related to Lender's interest in�h�Pro�er�y. If�he Proper�y is�acan�or abandoned or the loan is in default, Lender ma�ta�e reasonable a�tion ta pratec�and preser�e such �acan�ar abandflned Proper�y wi�hout notice to �he Borr��v�r. 7. �ondemnat��n. Th�pra�eeds af any award ar c�aim for dam.ages, direc�or cons��uent�al, �n conne�tian v�ith an� condemna�ion,or other takxng of any par�of�he Proper�y,�r for con�eyar�ce in p�ace of candemnat�on shal�he pa�d to Lender. The proceeds sha�l b�appl�ed firs�to�he reductian of any indeb�edness under a Se�ond Note and Second Security�nstrument held by the Secretary on the Proper�y,and�he��c��he reduct�on�f the�ndeb�edness under the N��e and th�s Security�nstrument. Any ex.cess proceeds aver an amaunt requ�r�d�o pay all outs�anding�ndeb�edness und�r�he Note and th�s Secur�ty Instrument sha��be pa�d�o�he�ntity �egal�y�ntit�ed thereto. S. Fees. Lender may coll ec�fees a�d charges authorized b�the Secretary. 9. Grounds for Ac�e�eration of Debt. (a}Due and Payab�e. Lend�r ma� require�mmediate payment�-in-full of ai� sums secured by this Security Instrumen�if: ��A Barrower dies and�he Property is not th�principal resid�n��of at leas�one sur�iving B�rr�vver; or [��All of a Borrower's title �n�h�Proper�y �ar his or her benef�ial in�erest in a�rust owning all or par�of�he Property�is sold or otherw�se�ransferred and no other Barro�ver retains�itle t��h�Proper�y in fee simp�e or r�taxns a leasehold under a�eas�for not�ess than 99 years vvhich is renewable or a lease ha��ng a remaining period�f na�less�han 5�years bey�nd�he date�f the ��th b�r�hday af the�oungest Borro�ver or re�a�ns a Iife esta�e�or re�ain�ng a ben�f cial in�erest in a tru�t with such an in�erest�n the Proper�y�. [b�Due and Payable w�th Secr�tary Approva�. Lender may requ�re immediate payment-in-full of a�1 sums secured by th i s S ecur��y�nstrumen�,�pon appro�al af the S�cr��ary, if: �i�Th�Pr�p�r�ty ceases t�be the pr�ncipa�res�dence of a Borrower for reasons other than dea�h and the Praperty �s not�he princ�pal residenc�of at�east on�o�her Borrower; ar �ii}Far a period af iflnger than 1�c�nsecut�v�months, a Borra�ver fai�s�o occupy�he Praper�y because of physica� or mer�tal illness and the Proper�y �s not th�pr�ncipai residenc� of at l�as�one ather Borrower; or ��i�An obligat�on of the Borr�wer under this Security �nstrument is not performed. [c�Notice to Lender. Borrow�r shall not�f� Lender vvhenever any of the events�ist�d in this Para�raph 9�a}�x�}and�b}occur. Page 4 nf�2 HECM First Deed Of Trust