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201404852
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Last modified
7/20/2017 8:16:06 PM
Creation date
8/6/2014 3:37:52 PM
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DEEDS
Inst Number
201404852
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��14�455� <br /> 12. Lien Status. � � <br /> � [a)Mod�f�cat�on. <br /> Borrawer agrees to extend this Security�nstrument�n acc�rdance v�ith this Paxagraph I Z�a�. <br /> �f Lender determxnes that�he origYnal Iien s�atus of���e Security Ins�rument�s jeapard�zed <br /> . und�r s�ate law�inc�uding but n�t limited to situations v�here the amount secured by the <br /> �. Se�urxty�nstrument equals or exceeds the ma�imum princ�pal amaurit s�at�d or the <br /> max�mum peri�d under Wh7ch loan advances re�ain�he same lien priority inztia��y granted to <br /> � �aan ad�anc�s 11as��pired�and s�ate�aw permits the orig�nallien status t�be maintained for <br /> future ioan advances�hrough the executivn and recardation of ane or mare documents,then <br /> Lender sha�I obtain txt�e e�idence at Borrov�er's exp�ns�. If the t�t�e evidence�ndxcates that <br /> th�proper�y�s not encumbered by any liens�e�cept this Securzty znstru�nent,the Second <br /> � Securit�Instrument descr�bed�n Paragraph �3�a}and ax�y subordinate�iens that the L�nder � <br /> determrnes will also be subordinate to an�future�oan ad�ances�,Lender sha��r�quest the <br /> - . Borravv�r t�execu�e any documents necessary�a pr�t�ct the lien s�atus of future�oan <br /> . ad�ances. Borrovver agrees to execute such documenl:s.IF state��aw daes not permit the <br /> �. <br /> orig�nallien status to be extended to future Iaan advances,Barrower w�I�be d�emed to have <br /> � <br /> �. failed to have perf�rmed an obligation under this Security Instrument. <br /> .i <br /> ' . �b}Tax Deferral Prograrns. � <br /> . Borrower shal�nat par��cipat�in a real estate ta�def�rra�prvgram, if any liens created by the <br /> tax deferra�are n�t subordxnate to th�s Security Znstrument. <br /> : (c}Prior Liens. � " <br /> ' B�rrov�er shall pro�nptly discharg�any lien whicll has priority over th�s Security Instrument <br /> � unless Borrower: �a}agrees in writing to the pa�ment of the�bligatian secured by the�ien in <br /> a manner acce�table tv Lender; �b}con�ests in go�d faith the lien by, ar defends against <br /> enforcement of the lxen xn,�egal proceedings which in th�Lender's�p�ni�n operate to <br /> prevent the enforcem�nt of the lien or forfeiture of an}��ar�af the Proper�; or�c)secures <br /> fram the holder af the lien an agreement satisfac�ory to Lender subardinatxng the�xen tv aII <br /> a�-nount� secured by thYs Security Ynstrument. rf Lender determ�nes that any par�of the <br /> , . Pr�perty xs subject ta a l��n�vhich may attain priority ov�r�this Securzty Instrument,Lend�r <br /> may g�ve Borr�v�er a notice id�ntifying the�ien.Bar�•ower sha�1 sa�isf}r the lxen or tal�e one vr <br /> � more of the a�tions set far�h above v�ithin 10 days�f�he giving of notice. <br /> 13:Relationship to Second Secur�ty Instrument. <br /> �a� Second Secur�ty Instrument.In order ta secure payments vvhich the Secreta�ry may make to or <br /> on bel�alf�f Borro�er pursuant to Section 255�i}���(A�of the Nat�onal Hausing Act and the Loan <br /> Agreemen�,the Secretary has requir�d Borrav�er to execute a Se�ond Note and a Second Securxty � <br /> - �nstrument an th�Proper�. <br /> . �b}Re�ati�nship of F�rst and Se�ond Securxty Instruments.Payments made by the Secretary � <br /> � shal�not be included in the debt under the Note unless: <br /> �i}This Security�nstrument�s ass�gned�a t�le Secretar�; ar <br /> � <br /> Page G af 12 � H�CM First Deed�f Trust <br />
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