Laserfiche WebLink
��14�4�93 <br /> any iiens created by�he tax deferrai are not su�ordinate to this Secur�ty Instrumer�t. <br /> �c� Pri�r Liens. Borrower shall promp#Iy dis�harge any �ien wf�i�h has pr�ori�y o��r#h�s Se�urity <br /> instrument unless Borrow�r: �a} a�rees in writing to the payment of fhe a�ligatian secur�d by <br /> th� lien in a manner ac�eptable �o Lend�r; tb} contests in good faith the lien by, ar defends <br /> agaEnst enforcement of the lien in, I�ga� proceedings whic� in t�e Lender's opinion opera�e to <br /> prevent the �nfarcement of #he lien or forfei#ure vf any part of the Pro�erky; or �c} �ecures <br /> from �he hold�r of the fien an agreement satisfact�ry to Lender subardinating the �i�n ta all <br /> ' am�unts secured by this S��uri#y Instrumen#. !f Lender determines �hat any part of the <br /> Pr�perty is su�ject ta a I�en whi�h may attain �riarity over this S��urity Ins�rument, Lender <br /> may give Borrow�r a not�ce identify�ng the �ien. Bvrrower shall sa�isfy the lien vr take one or <br /> more of the a�tions set forth abo�e wi�hin �fl days of the giving of notice. <br /> 13. Relation�hip t�F�rst Secur�ty lnstrument. <br /> �a} Secand Security Instrument. ln order ta secure payments which�he Secre#ary may make to <br /> or an behalf of Borrawer pursuant to Sec��on 2�5�i}��}�A} of�he Natiana� Housing A�t and the <br /> Loan Agre�m�nt, �he Se�retary has required B�rrower to execute a Second Note and this <br /> S�cond Securi�y fns#rument. Barrower a�so has execu�ed a First Note and First Security <br /> Instrumen#, <br /> �b} R��ationshi�of F�rst and 5ecand ��curity �nstruments. Payments made �y the Secretary <br /> shal! nvt be�ncluded in th�debt under the First Note unless: <br /> �i} Ths First Se�urity Ins#rument is assigned to the Secretary; or <br /> �ii} The Secretary accepts re�mbursem�nt by the haider of the F�rst Note for all payments <br /> m ade by the Se�retary. <br /> If th�cErcumstances described in ��}ar�ii}a�cur, th�n all paym�nts �y the 5ecretary, includ�ng <br /> int�rest on the paymen�s but exciuding late charges paid by the 5ecre#ary, shali be included in <br /> �he debt under�he F�rst Note. <br /> tc� Effect on Barrawer. Vtlhere there is no ass�gnrr��nt or re�mbursemen� as described �n �b}�i} <br /> ���ii}�nd#he Secretary makes payrx�en�s to Bvrrvv��r, th�n Barrower shaif no�: <br /> �i} Be re�uired to pay amounts vwed under#he Firsfi Note, or pay any rents and re�enues <br /> �f t�e PrQpert� �nder Pa�agraph �9 to th� holder Qf the Firs� No#e �r a r�ce��er of the <br /> Proper�y, until�he 5e�retary has re�uired payment-in-full �f all outstand�ng principal and <br /> accrued interest under the 5econd Not�; or <br /> . <br /> �ii} Be vbligated ta pay �n�erest or shared apprecia#ian under the First Note at any time, <br /> wh�ther ac�rued before or afker �he payments by �he Secretary, and whether or not <br /> accrued�nte�es#has�een incl�ded in#he pr�r�c�pal balan�e unde��h�First Nate, <br /> �d� Na Duty �f the Secretary. The Secretary has no duty ta the halder of �he First Na�e t� <br /> e�force coverzants of the Second Se�uri�� Instr�men�or ta tak�ac��o�s to pr�serve th� value <br /> of#he Praper#y, e�en though the holder of the First Nate may be unable tn collect amounts <br /> owed under the Firs�Not� because of restr�c�i�ns in this Paragraph 13. <br /> q � 33za � 45zas � � 7z0000000 � <br /> Accenture Martgage Cadence Dvcument Center C�3 (6 of 9} N�braska Second❑eed of Trust-HECM FiXED RATE <br /> �279 D'�114 <br />