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201500797
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Last modified
7/20/2017 10:46:17 PM
Creation date
2/9/2015 9:56:25 AM
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DEEDS
Inst Number
201500797
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��15��797 <br /> significantly affe�t Lender's rights in the Property�such as a proceeding in banl�ruptcy, for condemnation or <br /> to enfarce laws ar regulations),then Lend�r may do and pay�vhatever is necessary to protect the�alue af the <br /> Froperty a�d L�nder's r�ghts�n the Property, inc�uding payment of taxes,ha�ard insuranee aad other items <br /> mentioned in paragraph 2. <br /> Any amounts disbursed by Lender under this paragraph shall become an additional debt of Barrower and be <br /> secured by this Security Instrument.The�e amaunts sha11 bear i�terest from the date of disbursemen�,at the <br /> 1�IQte rate,and at t�e opti��o�Lender,shall be ixnmediatel�du�a�d payable. <br /> Borrower sha11 promptly dischar�e any lien�rhich has priority ov�r this Security Instr��.ment uniess <br /> Borrnwer: [a)agrees in writing to the payment of the obligation sec�red by the��en�n a manner acceptab�e <br /> to Lender; (b}cantests�n gavd faith the li�n by,or defend�a�a�nst�nforcement of the 1�en in, �egal <br /> proceedings�vhxeh in the Lender's opinion operate to pre�ent the enforcement of the 1ien;or�c}se�ures <br /> from the halder of the lien an agreement satisfactory to Le�d��s��bvrdinating the lie�to this Security <br /> Instrument. If Lender determines that any part vf the Proper�y is subj ect to a lien which may attain priority <br /> over this Security Instrument,Lender may g�ve Borrower a notice identifyi�ng the lien.Borrower shall sa��sfy <br /> t�e lien or t�ke on�a��ofe of the actions set forth a��ve wit�in 1�days of the giving of notice. <br /> 8. Fees.Lender may c�11e�t fees and charges authori�ed by the Secretary. <br /> �. Grounds for Acce�er�ation of�ebt. <br /> �a} Defau It.Lender may, except as limited by regulations i�sued b�the Se�re�ary, in the case of payment <br /> defaults,�re�uire immediate�aayment in fu��o�all sums secured hy�his�ecurit�Instrt�.rne��if: <br /> �i} Barrower defau��s by failing to pay in fu11 any monthly paymen�re�ui.red by this Security <br /> Instrument prior to or o��he due da�e of the next month�y payment,or <br /> (ii} Borro�v�r defau�ts by failing, for a period of thirty ,days, to perfarm any other ob��gations <br /> contained in th�s Security Instruznent. <br /> {a} Sale Vllithout�redit Ap�ro�al.Le�der sha11, if permitted b�app�ica�b�e�a�v(�ncluding Section <br /> 3�1�d}of th��arn-St. �ermain Depositary Institutions Act of 1982, 12 U.S.C. 17�1�-3(��}and with <br /> the pri�r appro�al of��e Secretar�,r�gt�ire immedia�e pa�m�nt in full af a11 sums secured by this <br /> Security Instrume�t if: <br /> (i} All or part of the Property,or a beneficial interest in a trust own�ng all ar par�of the Property,�s <br /> sold or other�ise transferred�other than by devise or descent),and <br /> (ii} The Propert�is n�t occupied by the purchaser ar gr�.nt�e as his or her prin�ipal residence,�r�he <br /> purcha�er or grantee does so occupy the Property but h�s ar her credit has not been approved in <br /> accordance with th�requirements nf the SeGretary. <br /> ��� No Wa�yer.If�ircumstances occur that�ou�d permit Len�er�o require immediate payment�n full,but <br /> Lender does not require such gayments}Lender does not waive its rights with respe�t t�subsequent <br /> events. <br /> �d} Regulation�af HUD Sec�eta�y.In many circumstances re�ulatians issued by the Secre�ary wi111imit <br /> Lender's rights, in the case of payment defaults, to require immediate pa�ment in fu11 and foreclose�f <br /> not pard. This Security Instrument does no�authari�e acce�eration or foreclosure if not permitted by <br /> regu�ations of the Se�reta.r�r. <br /> �e� M o rtg a g e N ot I n s u red.Borrower�gre es that i f thi�Secur�ty Instr�ument and the Note ar�not <br /> de��rrn�ned to be eligi�le f�r�nsurance under the Na��onal Hausing Act within 60 days from the date <br /> hereof,Lender ma ,at its o tion,re uire imm�diate a �nt in fu11 vf a�l sums secured b thi� <br /> FHA Morkgage Vi11TH MERS-NE Revised 419B <br /> VMP(� VMP4N(NE�('13�2�.� <br /> Wolters Kluwer Financial Services Page 5 of 14 <br /> q�3334874343 U233 374 p510 <br />
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