201405994 - Laserfiche WebLink

Browse

��14�5994 significantly affect Lender's rights in the Proper�y�such a�a proceeding in bankrup�cy, for candemnation or to enforce laws�r regulations),then Lender may do and pay vvhatever is n�cessary to protect the value of the I'roperty and Lender's rights in the Prop�rty, includin.g payment�f taxes,hazard in.surance and other items mentioned in paragraph�. Any amounts disbursed by�.ender under this paragraph sha11 become an addi�i�nal debt of Borrower and be s�cured by this Se�urity Instrument.These amounts shall��aa�inter�st from the date af disb�rsement,at the Not�rate,and at the option of L�nder, shal�be�mmediately due and payable. Borr�wer shall promptly discharge any lien which has priorit�over this Security Instrument unl�ss Borrower:[a)agrees in writing to th�payment of the�bligation s�cured by the lien in a mann.er acceptable to Lender;(b}contests in good faith the lien by,or defends agains�enforcement of the lien in,tega� groceedings which in the Lender's apinion operate to pre�ent the enfarcement af the 1ien.?ar�c�secures from the ho�d�r of the lien an agreement satisfactory to Lender subordinating the lien to th�s Se�curity Instrument.If Lender determines tha�any part�f the Fraperty i�subj ect to a lien vvhich may attain priarity over this Security Instrument,Lender may gi�e Borrower a notice identifying the iien. Borro�ver sha11 satisfy the lien or tal�e ane or more of the actions set forth above within ��days af th�giving of n�tice. $. Fees.Lender may collect f�es and charges authorized by the Secr�tary, g. Grounds for Acce��rativn af Debt. �a} Def�u It.Lender may, �xcept as�imited by r�gu�ations issu�d by the�ecretary, in the case of pa�ment defaults,require immediat�payment in fu.11 of all sums secured by this Security Instrument if: (i} Barrower defaults by fait�ng to pay�n fu11 any mvnthly payment required by this Se+curity Instrument prior to or on the due date of th�nex�manthly payment,or [i�} Borrawer defaults by failing, far a period af �hirty days, to perform any other obligatians conta�ned in this Security Instrument. �b} �a1e llliithout Crec�it Appro�al.Lender shaZ1, if permitted by applicable law(including Section 341�d�of�he Garn-S�. �"rermain Depository Institutions Act of 198�, 12 L�.S.C. 17�1 j-3(d}�and with the prior approval of the Secreta.ry,requir�immediate payment in fu11 of a11 sum�s�cured by this Security Instrument if: (i} A11 or part of the I'roperty,or a b�neficial interest in a trust o�vning a11 or part of the Property, is sold or otherw�s��ran.sferre��vther than by devise or descent},and �11} The T'roper�y is not�ecupied by�he purchaser or garantee as h�s or h�r principa�residence,or the purchaser or grantee does so accu�ay the Property but hi��r her credit has not been appro��d in accordance�vith the requiremeats vf the Secre�ary. �c} No 1�1'ai�er.If circumstances oceur that�vould permit Lender to require immediate payment in full, but Len�.er does not require such payments,Lender does not waive its rights w�th respee�ta su�sequ�nt � even�s. �d� Regulationsvf HUQ �ecretary,In many circurnstances r�gulations issued by the Se�retary will ��mit Lender's rights, in the case of paymen�defaults,to requ�re immediate payment in futl and fareclose if not paid. This Security Ins#rument dfles n�t autharize acc�leratian or foreclosure�f not permitted by regu�ations of th�5ecretary. �e� M o rtgage Not I ns u red.�arrower agrees that if this�ecurity Ins�rument and the Note are not determin�d to be�ligible for in.�urance under the l�ational Hou�ing Act with�n 64 da�rs from the date hereaf Lender ma ,at its� tion,re uire immediate a ment in fu11 of all sums sec�red b this �� FHA Mortgage WtTH MERS-NE Re�ised 419B VMP� VMP4N(NE}�1302}.�4 Wolters Kluwer Financi�f Services Page 5 af 10 q4331�884Z21 Q233 4Q8 451Q