201404852 - Laserfiche WebLink

Browse

� � ��14�455� �i��Th e S��retar�ac�e�ts re�7nburs ement by the Lender for a11�aylnen�s made by the Secretary. Zf the cxrcumstances described�n�i}or(ii}occur,then aIl payments by the Secre�ary, . includ�ng interest on the payments,but exclud�ng lat�charges pa�d�y the Secretary, sha1�b� included�n�he debt under the Nate. �c)Effecf on Borrower. 'V�here there is no assignment�r re�mbursement as des�ribed in(b}��or �ii}and the Secretary makes payments to Barrower,then Borr�wer shal�riot: . �Y�Be required to pay am�unts ov�ed und�r the Note,or pay any rents and re�enues�f the Pr�per�y under Paragraph �9 to Lender�r a rece�ver of the Proper�y,untx�the Secre�ary has reyu�red payxnent-zn-fu�i of all outstanding princ�pal and accrued interest u�.der the Second Nat�; or � � �ii}Be abligated ta pay interest or�shared appreciation und�r the Note a�any time,v�hether _ accrued�efore ar after�he payments by t�e Secre�ary, and whether or n�t accrued interest� has been included in�the principal ba1 ance under the Note. �d}No Duty of th�Secretary. The Secretary has no duty ta Lender ta enfor�e co�enants�f the � Second Security znstrument ar ta take actions to preserve the value of the Pr�per�,even thaugh Lender may be unable to col�ect amounts ov�ed under the Nate because of res�rxctions in this Paragraph �3. 14.�oxbea�a�.��lb�]L��.d.�r Na��''PLla�v�x.Any f�rbearance by Lender�n exerc�sxng any right or ,remedy shall not be a�vvaiver of or prec�ude the e�ercxse of an�right or r�medy. � 15. Successors and Ass�gns Bound; J�int and SeveraY L�ability.The covenants and agre�men�s of th�s Security Instrument shall b�nd and�enef�t the successors and ass�gns of Lender.Borrower may not assign any rights or oblzgations under t1�is Security Instrument or under the Note,except to a trust that me��s the requirements�f the Secretary.B�rrower's cavenants and agr�em�nts shall be joint and se�era�. ` 16.Noti�es.Any natice ta Barrov�er provid�d for in thxs Security Instrument shall be given by , de�ivering�t or b��nailing�t by first class mail un�ess app�ica��e�av�requ�res use of another method. � The n�tice shal�be directed to the Property Address or any ather address a�l Borravvers�ointly designate. Any natice to Lend�r slzal�be given by f�rst c�ass mai�to Lender's address stated herein or any address � Lender des�gnates by notzce to Borrovver. An�natic�pravided for in th�s Security Instrument slza�l be d�emed t�have been given ta B�rrov�er�r Lender v�hen given as pravided xn th�s Paragraph I6. 17. Governing Law; Severability.Th�s Security Instrument shat�be g�verned by Federalla�v�and the 1aw of th�j urisdiction in vvhich the Property�s�vcated. rn the event that an�provision ar clause of this Securit�7ns�rument or the Note conflYcts,w�th app��cable�aw, such canflict sha11 not affect ather prov�sions of this Security Instrument�r t�e Note�hich can be g�ven effect v�r�th�ut the canfl�ctxn� � prov�sion.To�his end the provis�ons of this Security Instruxnent and the Note are d�c�ared to be severa�le. � ��.Borrower's Copy. Borrower shall be given one conf�rmed copy of�he Note and this Secur�ty �n5trument. ' N�N�UNIF�RM��IENANTS.Borrow�r and Lender cavenant and a�ree as foi�ows: .�. � . , Page ?of 12 HECM First Deed�f Trust