201407812 - Laserfiche WebLink

Browse

��14�751� Se�urity Instrument. A wri�tcn stat�m�nt of any autharized ag�nt af t�he S�cr�tary dated subsequent to 6D days from#he d.ate hereof, declining to insure this Securit�Instrument and th�Nvte, shall be deemed cvnclusi�e praaf of such ineligibility. Natwithstanding th�foregoing, this optian may not be exer�is�d hy Lender when the unavailability af insurance is salely due to Lender's failure to remit a mortgag�insurance pr�mium�o the Secretary. 1�. Reinstatement. Borro�vver ha.s a right to he reinstated if I�ender has required imm�diat�payment in fuli be�ause of Borrow�r's failure to pa�an amount due under the Note or this Se�urit�Instrument. This right applies�ven after for�ciosure proceedings are instituted. To reinstate the Security Instrum�nt, Borrower shall tend�r in a lump s�m all amnunts required ta hr�ng Borrower's accaunt current including, ta the extent t�iey are obligations of Borrower under this 5ecurit�Ins�rument, forec�osure costs and reason�hle and�ustvmary attarn�ys' fees and e�penses praperly associat�d�vith the fore�lasure proceeding. L]pon reinstatem�nt�� Bonower, this S�curity Instrument and the vbligations that i�secures shall remain in effect as if Lender had not required inrvm�diate paym�nt�n full. Howe�er, L�nd�r�s nat requ�red ta permit reinstatement if: �i} , L�nd�r has accept�d reinstatemen�aft�r the c.�mm�ncement of fore��c�sure proceedings�vit,hin�wo years immediat�l�pre��ding the comm�n��ment vf a�urrent foreclosure proceeding, �ii}reinstatemen�will pr�clude foreciosure vn different grounds in the futur�, or�iii}r��nstatement wi�l advers�ly affect the priority af the lien cr�ated hy this Security Instrument. �1. Borro►nrer Not Released; Forheara�nce 6y Lender Na# a Wai►►er. Extensian of the time of payment or modification❑f amor�izatian of thc 5ums securcd l�y this Sccurity Instrument granted hy Lend�r to an� sur.c.�ssvr in inter�st af Barrawer shall not�perate ta reiease the liabi.lity of�i�ariginal Barra�ver or � Borrvwer's successar�n int�rest. Lender shall nat be required to�ommence prvc�edings agau�st.any su�ssor in interest❑r refuse tn�xt�nd tim� for payment or❑therw ise modify amor�i.Lation of the sums secured�y this Security Instrument by r�asnn of any demand made by t,he original Bvrrvwer or B�rruw�r's suc�essors in interest. Any for��arance hy L�nder in exercising any right ar remedy shall not he a wai�er of or preclude the exercise of any right or r�medy. 'I�. 5uccesso�s and Assigns g�und: Jv�nt and Several Liahi�ity; �a-Sign�rs. The covenants and agr�ements of this Securxty�nstrument shall bind a�.d b�nefit the succe�sor�and assigns of L�nder and Borrower, �ubject tv th�provisions vf paragraph 9�b}. Borrower's covenants and agreements shall be joint and se�eral. An�Borro�ver wha co-signs this Security Instrument hut dfl�s not ex�cute the Note: �a} is co-s�gning this Security Instrument only to mortgage, grant and conWey that Borrower's interest in�h.e Property under t�ie t�rms of this 5eeurity Instrument; �}is nat persUna��y�bligated to pay t�ie�ums se�:ured b�this S�curity Instrument; and�c}agrees that L�nder and any other Borrow�r may agree�o extend, modify, forbear or make any accommodations witri r�gard ta the terms af this�ecurity Instrum�nt or th�Note without that Borrower's consent. 13. Noti��s. Any nvtice to Borrower pra�rided for�n this 5ecurity Instrument shall he gi�en by deli�ering i�ar by mailing it by first class mai.l unless applica��e Iavv requires us�of anoth�r mcthod. The noti�e sha11 be directed to th�Property Address or any ather address Bvrrow�r designates by noti��ta Lend�r. Any notice ta Lender shall be given by fust class mail ta Lender's address sta�ed herein or any address Lender designates by natice to Barrower. Any notice provided far in this 5ecurity Instrument sha11 he deemed ta . ha�e he�n given to Borr�wer or Lend�r wh�n given as provid�d in f:,his paragraph. 14. �o��rn in g Law; S ev�ra b il ity. This Security Instrum�nt shall be go��rn�d hy Federa�law and the 1aw of the jurisdictivn�n which the Frap�rty is lvcated. �n the e�ent that any provision ar clause of this Securit� Instrument or the Note conflicts with app�icab�e lavt�, such cvnflict shall not affect other pro�isions of this Securi�y Ins�rument vr�e Note which can be g�ven effect without t�ie conflicting provis�on. To this end the pro�is�ons of this Security Instrument and thc Note are declared to be s��erablc. 4�92714 4492714 FHA Mortgage WITH MERS-NE Revised 419fi VMP g VMP4N(NEy 413a2� Wolters Kluwer Financial 5er�ices Page fi af�❑ SU2952 �U�2714