201501344 - Laserfiche WebLink

Browse

��15�1344 Security Instrurnent. A written�tatem�nt of any authoriz�d agent of the�ecretar�dated subsequ�nt t� f 4 days from the date h�reof,de+clining to insure this Security Instrument and the Note, sha11 be deemed conclu�i�e pxoof of such ineligibility.�otwithstanding the foregoing,this aption ma�r not b� exercised by Lender when th�unavailability�f insuranc�is solely due�o Lender's failure to remit a mor�gage�nsurance premium to the �ecretary. 'I�. Re�nstatem�nt,BorrQ�er has a right t�be reinstated if Lender has required immediate payment�n fu�� because of Bonawer's failure to pay an amount due under the l�ote ar this Security�nstrument. Thi�right applies even after fflreciosure proceedin�s are ins�ituted.To reinsta.te�he Securi�r Instrumen�,Bono�ver sha�� �ender in a lump sum aI1 amounts required to bring Barrower`s account current including,to the ext�nt they are obligatiQns of Barrower und�r this Secuirity Instrumen�,foreciosure costs and reasonabie and customary at�omeys'fees and expenses properly associated wi�h the foreclosure proceeding.L�pon reinsta�ement by Borrower,this Sectuity Instrum�nt and the obligations that i�secures sha�l remain in eff�ct as if Lender had �at required imme�liate�ayment in full. Hovve�er, Len.der is not re�uired to permit reinsta.�ement if: �i) Lender has accepted re�nstatement a�er the cammenc�ment of fareclosure proceedings within two years xmmed�a�e��precEd��g th�corr�.menc�ment of a current forecl�sure proc�eding, �ii}reinsta�em�nt�i�l preclude foree�osure on drfferent grounds i�the future,or�iii}rei�s�a.tement wi11 adversely affect the priority vf the�ien�reated by th�s Securrty Instrur�ent. 'I 1. Bor�ower Nc�t Released;ForbearanceC�y LenderNot a Waiver.�xten�ion of the time of payment or modification of amor�ization of the sums secured by thrs Se�urity Instrument granted by Lender ta any success�r in inter�st of Barrow�r sha11 nat opera�e to re�ease the liab�lity of the original Bonower or Borrower's suGcessor in interest. Lender shall not be required to commence proce�dings against any suc�essQ��n�nte��st or refuse t�extend t�me fvr paym�n�or�ther�vise madify�mortization of the sums secured by this Security Instrument by reason of any demand made by the or�ginal Borrower or Borrower�s suecessors in Ynter�st, Any f�rbearan�e by�,ende��n exer��s��g any rig�t or rer��dy sha��nat be a waiver vf or preclude th�exercise�f any right or remedy. 'I�. Su�cessorsand Assigns Bound;Joint and Several Liabiiity;�o-Signers.The covenants and agreements af tbis Security Instrument sha�1 bind and benefit the�uccessors and assigns of Lender and Borro�uer,sub�ect to the provisions of paragraph 9�b). Borrawer's c�venants and agreements sha11 be joint and se�era�. Any BQ�ro�ver�vhv c�-s�gns this S�curity�nstrument but dv�s not�xe�cute the Not�: �a)is co-s�gning this Security Instrument only to martgage,grar�t and c�n�ey that Borrow�r's interest in the Property under the terms af this SecurYty Instrument; (b}�s not��rsona�l�ob��gated to pa�the sums sec�red by this Secur�ty Instrument;and(c}agrees�hat Lender and any ather Borrower may agree to ex�end,modify, forbear ar make any accommada�ion�with regard to the terms�f this Securit�r Instrum�nt or the Note with�ut that B�rrower's consent. 'I 3. Noti�es.Any notice to Borrower provided for in this Security Instrument sha11�e given by de�iv�ring it or b�max��.g�t�by frst c�ass ma��unless a��a��cable�aw requ�.r��u�e vf ana�her method. The notice shall be directed to the F'roperty Address or any oth�r address Borro�ver de�ignates by notice to Lender. Any notice to L�nder sha��be g�ven by f rst c�ass maY�to Lender'� addr�ss stated herei�or an�r address L�nder designates by notic�to Borr��ver. Any notice provided for in this S�curity Instrument shall be deemed to have been gi�en to�vrrovv�r or i,ender w�en grven as pravYded rn this paragraph. '14. GvuerningLa�; Sev+er�b��ity.This Securit�Instrument sha��be gav�rned b�Federallaw and the Iaw af the jurisdiction in which the Froperty is located. In the event that any provision or clause of this Security Instrument or t�e�Qte�onfl�cts with app��cab�e�aw, �uch co�fliet shal�n��aff�ct other prQ�isions of this Se�urity�nstrum�nt or the Note which can be given effect without the conflicting provision. To thi�end the provisi�ns of�his 5eeurxty Instrum�nt and th�Note are dec�area to be se�e�ab�e. FHA Mortgage W�TH MERS-NE Revised 419fi VMP CN VMP�N(NE)�13�2].4� Wolt�rs Kluwer Finar�cial Services Page fi vf 44 q�33365734Q6 �233 371 �61�