201405392 - Laserfiche WebLink

Browse

��14�539� ia3�i4oia� limit Lender rights, in the cas� of payment defaults, to r�quxre zmmedia�e payment in full and forec�ose if no�pa�d.This Securi�y Instrumen�does no�authorize acceleration or forec�osure if not perm�tted by regu�atxons nf the Secre�ary. �e� Mortga�e Not Insured. �orrower agrees tha��f�his 5ecurity Ins�rum.ent and the Note are not de�ermzned to be elig�b�e for insuran�e u.nder the Nationa�Housing Act�rithxn 64 day5 from the date hereaf, Lender may, at i�s optzan, require imrnedia�e payment in fu��f a�� sums secured by this Security�nstrumen�.A writ�en s�atement of any au�horized agent of the Secretary dated subsequent �0 64 da�s frflm the date hereof, decl�ninb�o insure this Secunty Zns�rument and the Note, �hall be deemed conc�usive praof of such ineligibility.Notw�thstandin�the foregoing,�h�s op�ion may not be exerc�sed by Lender when the unavailabi�ity of insuran�e�s salely due to Lender's failure ta remi�a mar�gage�nsurance premium�a�he Secretary. 10. Reainstatement Borrower has a r�ght to be reinstated zf Lender has required immed�ate payment in fu�l�because of Borrower's fa�Iure to pay an amoun�due under�he Note or this Security Znstrument. This right app��es even after forec�osure proceedings are ins�ituted. To reins�a�e�he Secur�ty�ns�rurn.ent,Borrawer sha�l tender xn a�ump sum aI�am.oun�s required ta bnng Borrower's account curren��ne�uding,�o the extent �hey are obligat�ons of�orrawer u.nder�his Securi�y�nstrument,fa�ec�asure cas�s and reasonable and customary a��orney's fe�s and expenses proper�� assocxated wi�h the for�c�osure proceeding. Upfln re�ns�atement by Borrower,�hrs Securit�r Instrument and�he obligations that it secures shall rema�n�n effect as xf Lender had na�required immedYate payment�n fu1�. How�ver, Lender is not requxred to permit reinstatemen��f �i} Lender has a�cepted reinstat�men�after the comrnencemen�of foreclasure proceedxngs w�thin�:wa years �mmedxa��l��reced�ng�he commencem.ent o�a�urren�fareclosure proceeding, �ii} re�nstatement wil�preclude for�closure on differen�graunds�n the fut�re,or �iii�re�nsta�emen�wi��adversely affect the priority of�he��en crea�ed by this Secuni�y�ns�rument. ��. Sorrow�r Not Releasec�:Fvrlbeara�ce by Lenc�er Not a Waiver Extension of the t�me for pa�m.�nt or mod��cat�on of amartization of the suzns secured by thzs Securi�y Instrumen�granted by Lender tfl any successor in�nterest�f Borrower sha��not opera�e�o re�ease the 1�ability af�he origina�Borr�wer or Borro�vers successors xn�nteres�. Lender sha��nfl�be requir�d�o commence proceed�ngs agaxnst any successor in interest or refuse to extend �ime for payment or � otherwise mad�fy amor��za�ion of�he sums se�ured by this S�cun�y Znstrument by reason of an�r demand made by the ar��nal Borr�wer or Bflrrotiver's successors �n �n�eres�. Any forbearance l�y Lender in exercising axiy right or remedy sha��not be a tivaiver of or preciude�he�xer�zse of any righ�ar remedy. I.2. Suc�essors and Assigns Bo�nd;J�int and Several lLiability;�o-Sibne�s The covenants and agreements of�his Security Instrument sha��bind and�enefzt the succ�ssors and assigns of Lender and Borrotiver, subjec�to the prflvis�ons of Paragraph 9�b�.Borro�vers�avenan�s and agreemen�s shall�be�oin�and several.Any Borrower who co-signs thrs Security�nstrumen�but dfles not execute�he Note: �a} is co-s��nxng�h�s Secu.rity Instruxnen�only�o mortgage,grant and convey�hat Barrawer's in�erest in the Property under the terms of this Security Znstrument; (b} is nat persanal�y o�l�gated�o pay�he sums secured by this Security Ins�rumen�;and �c� agrees that Lender and any other Borrower may agree �o ex�end, mod�fy, forbear or make any accomm�dat�ans with regard�a the terms of�h�s Secur�ty �ns�rument or the No�e vvi�hout�ha� FHA Nebraska Deed vf Trust-I.ZII3 � a9�.�� Page 6 of I�