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201407530
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Last modified
7/20/2017 10:08:38 PM
Creation date
12/1/2014 9:19:11 AM
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DEEDS
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201407530
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��14�753� <br /> �ecurity Instrument.A�vritten st�temen�of any authorized agen�of the S�eretary dated subsequent t� <br /> 64 days from th�date here�f,declining�o insu�re this Securi�y Instrument and the No�ey sha11 be <br /> deemec�conclusive proof af such ine�igibility.Notwithstanding the foregoing,this opt�on may not�e <br /> exercised by Lender�hen the una�ai�abii�ty of insurance is solel�due to Lender`s failure to remit a <br /> mortgage insurance premium to the S�creta.ry. � <br /> 1 D. Re�n�tatement.Borrower has a right to be reins#.�ted if Lender has requfred immediate payment in full <br /> because of Borra�ver's failure to pay an amount due under the Note Qr this Security Ins�rument. Th��right <br /> applies ev�n af�er fareclosure proceedings axe instituted. To reinsta.te the �e�urity Instxument,Bona�ver sha�� <br /> tender in a lump sum all amaunts required to bring�orrawer's acGoun��urrent includ�ng,tv the ext�nt they <br /> are obli�a�ions of Borrower under this Security Instrument, foreclosure costs and reasonabie and customa�y <br /> attorneys'fees and expenses properl�associated�i�h the foreclosure proceeding. LJpon reinstatement by <br /> �orravver,th�s Security�nstrument and the abligations�hat�t secures shal�remain in effect as if Lend�r had <br /> not required immediate payment in full. Ho�ve��r, Lender is not requ�red ta perrnit rein�tatement if: (i� <br /> Lender has accepted re�nstatement after the commenc�ment of forec�osure proceedings�vithin two years <br /> �mmediately preceding�he cammencement�f a current for�c�osure praceeding, �i1�r�inStaternent Wi�� <br /> pr�clud�forec�a�ure an d�ff�rent grounds im the future,�r(iii}reins�a�emen��v��l adversely affect the <br /> priority flf the lien crea�ed by this Security Instrument. <br /> 1'!. Borrawer Not Rel�ased;Fo�bearanceBy Le�d�rNat a Vll�i�er.Ext�nsion of the time af payme�t or <br /> modification of amo�ti�ation Qf the sums secured by this Secur�ty Instrument granted by L�n�er to an� <br /> successor in interes�of Borr�wer shaii not�perate to release the liabili�y of the orig�nal�arr��ver or <br /> . Borro�ver's�uccessor in interest. Lender sha�l not be require�i ta cornmence proceedings against any <br /> succ�ssor in interest or refuse to extend��me for paym�nt or othert�vise modify amorti�a��on�f the sums <br /> secured by this Security Ins�rument�y reas�n of a�y demand made b�th�origina�F3orrower or Barrower'� <br /> successors in in�erest.Any forbearance by L�nder in exercising any right or remedy sha��riot b�a�vaiver af <br /> or preclude the exercise�f any right or remedy. <br /> 12. 5uccessarsand AssignsBaund;Jaint an�Ser►er�al Liability;Cfl-5��ners.The covenants and <br /> agreements af this Securit�Ins�rument�ha1�bind and benefit the success�rs and assigns of Lender and <br /> Barra�rer, subj ect ta the prn�isions of paragraph 9�b�. Barrav�er's covenants and agreements sha�l be�oint <br /> and se�eral.Any Barrower�ho�o-signs this Securxty Instrument but�oes not exeGute the No�e: �a) is <br /> co-sign�ng th�s Security I�.strument only to mor�tgage,grant and�onvey that Borra�er's intere��in the <br /> I�r�per�y und�r the terms of this S�curity Instrument; (b)is not personatly obiiga�ed�o pay the sun7s secured <br /> by this Security Instrument;and(c}agrees that Lender and any other�orrower may agree�o�xt�nd,modify, <br /> forbear or make�ny a�cflmmodatians w��h regard to�he terms of�his Security Instrument or the Not� <br /> �vithout�hat Bon��ver's conSent. <br /> �13. Nvtices.Any notice to Borro�er prov�ded for in this Security Instrument shall be given by deli�ering it or <br /> by mail�ng it by firs�class ma�l unless appli�able 1�.�r requires use of an�ther method. The noti�e sha�l be <br /> c�irected to�he Property Addres�or any�ther address Borrower designates by notice to Lender. Any notice <br /> to Lender shal�be given by first class ma�1 to L.ender'� addre�s sta�ed h�rein or any address I�ender <br /> designates b�na�ice t�Barrotiver. .Any n��ice provided for in this Security�nstrument sha1�be deemed to <br /> have been given ta Borro�er or Lender when giv�n as pro�r�de�l in th�s paragraph. <br /> 14. Go►�ern�r�g La►rv; Severabi��ty.This Security In�trument sha11 b�govemed by Federall�.w and�he lat�t of <br /> the jurisd�ct�on in which the Proper�y is located. �n the e�ent that any provision or��ause of this Security <br /> Instrument or the N�te confl�cts with applicable�aw, such confliet shall not affect ather provisi�ns of this <br /> Security�nstrument or t��No�e which can be gi�en effect�ithaut the conflicting prav��ian. �'o this end the <br /> provisions�f this S�cu.rity Instrument and the Note are declared t��e severable. <br /> FHA Martgage VVITH MERS-NE Re�ised 4I9B <br /> VMP C� VMP4N�NE)[1342}.40 <br /> Wolters Kiuw�r Financial Services Page fi of 14 <br /> q�3333884098 ��33 �87 451Q <br />
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