201407812 - Laserfiche WebLink

Browse

��14�751� significantly affect L�nder's rights in the Progerty�such as a proce�ding in bankruptc�, for condemnation or ta enforce lavvs or regulatians}, then Lender may do and pay whatever is n��essary to proteCt th��alue of th� Prvperty and L�nder's right�in the Prop�rty, inc�uding payment af�axes,hazard xnsuran�e and ather items mentioned in paragraph�. An�amou.nts disbursed by L�nder unc3er this pdragraph shall hecom�an addi�i�nal debt�f Bvrrow�r and be s�cured hy this Security Instrument. These arriounts sha11 hear in�erest from th�dake of disbursein�nt, at the Nat�rate, and at the option af Lender, sha11 he imm�d�ately due and payable. Borrower shall prompt�y discharge an�li�n�vhich has privrity over this 5ecurity Instrument unless Borrower: �a}agrees in writing to the payment of the obligation s�cur�d�y the�ien in a manner acceptable to Lender; (b}contests in goad faith thc licn by, or def�nds against cnforccment of the Iien in, legal proceedings which in the Lender's opinion operat�ta pr��ent the enfor�ement of the�ien; ar�c}s��ures from the holder af the lien an agreement��txsfa�tary tv L�nder sub�rdina.ting�he�ien�a this Security Instrument. If Lender determine5 that any part af t�ie Pr�p�rty is su�ject�o a li�n which may attain pri�ri�� o�er this Security Instrument, I�ender may give Borrovv�r a nvtice id�ntrfying the li�n. Borrower shall satisfy the 1i�n ar take on�ar mor�of the actions set for�h ahove within i0 days of the gi�ring of notice. $. F�es. Lender m�ay co�lect fees and charges authari�ed by t,he Secretary. 9. Grounds for Acceleration af Deht. �2�y Def2�ult. Lender m�ay, except as limit�d by regulat�ons issu�d by the Secretary, in the case of paym�nt defaults, requir�imrx�ediate payment in full of all sums secured by�his Security Instrument if: �i} Borrower defaults by fai�ing to pay in�ull any mont�ily p�ym�nt requir�c�l�y this 5�curi�� Instrument prior to or on the due date nf t.he next mUnihly pay ment, or �ii} Barrawer defaults by failing, for a period of thirty ciays, to perfarm any a�h�r obliga�tions contained in this Securitv Instrumen�. r �b] 5ale With out C red it Ap p ro�al. Len�der shall, if permitt�d by applicab�e la�r �inc�uding Sect�on 341�d}of t1�e Garn-St. Germain Depository Institutions Act af�.982, 1Z LT.S.�. 1741j-3(d}}and with the prior approva�of the Secretary, require inanaediate payment in full of a�l sums secured hy this Secur�ty Instrument if: �i� All Qr gart of th�Prap�rty,or a heneficial intere5t in a lrus�Uwn�ng all or part�f the Property, is sold ar vtherwise transferred�c�th�r than by devise or desc�nt}, and {ii} The Propert�is nvt occugied hy the purchaser or grante�as his or her principal residence, or the purchaser or grantee does so occup�th�Propert�but his or her credit has not�een agproved in a�cordan�e with the requrrements of th�Secretary. {�j N�Vlla�v�r,If circumstanccs oc�ur that wauld permit Lender to require immcdiate payment in fu11,hut Lender daes not r�quire such paymen�s,Lender does not wai�e its r�gh#s w i�h respect to subsequ�nt e��nts. � {dj F�egulatians of HUQ S�cretary. In many circumstances regulatians�ssued by th�Secretary will limit Lender'�rights, in�he�ase af payme�t defaults, to require immediate payment�n ful�and for�close if - not paid.This S�curity Instrument does nat authorize a�celeration or fareclosure if not�ermitted by regulatians o f t�he S�cr�tary. {ey I�If�rtgage Not Insured. Borrower agrees that if�his Security instrumen�and the Nate are not determined to be eligi�rle for insuranc�under the�lational HvuSing Act with�n 6D days frorn the date hereof, Lend�r may, �t i�s op�iun, require imm�diat�paym�nt in Cull�f all sums secured hy this 4osz��4 4osz��4 FHA Martgage WITH MERS-N� Revised 419fi VMP� VMP4N(Nf)�9 3�2� Wolt�rs Kluwer Financia!5er�ices Page 5 of 1❑ ��Z}�2 4U9Z714 i � .