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201501366
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Last modified
7/20/2017 11:01:39 PM
Creation date
3/6/2015 2:58:35 PM
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DEEDS
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201501366
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��15�13�� <br /> significant�y affe�t Lender's rights in the Property(such as a praceeding in bankruptcy,for condemn.ation ar <br /> to enforc�e laws or reg�lation��,then i.ender may do and pay v�rhatev�r is n�cessary to.protect the value of ti�e <br /> Property and Lender's rights in the Froperty, in�luding payment of taxes,ha2ard ins�rance and other��ems <br /> mentioned�n paragraph�. <br /> Any amaunts disbursed by Lend�r under this paragraph sha11 become an additional debt of��rrower and be <br /> secured by this Security Instrument. These amaunts sha��bear interest fram t�e date�f disbursement,at the <br /> �Ivte rate,a�d at the optior�of Le�der,sha11 be��n�nedia�el�due and pa�ab�e. <br /> Borro�er shal�pramptly dr�charge any lien which has priority over this�ecurity Instrument unless <br /> Borrower: (a�agrees in v�riting to the payment�f the obligation secured by the lien in a man�ter acceptable <br /> to Lender; (b}contests in good faith the lien by,or defends against enforc�ment of the lien in, Iegal <br /> proc�edi�.gs which in the I�ender's opinian aperate to pre�ent the enforcem�nt of the�ien;or[c)secures <br /> from th�holder af the lien an agar�ement satisfact�ory t�Len�er subo�dinating the�ien to th�is�ecurity <br /> Instrument. If Lender determines that any part of the Praperty is subject t�a�ien which may atta�n pr�ority <br /> �ver this Secur�ty Instrument,Lender may gi�e Borrower a notice identifyin�the lien. Bonower shai�satisfy <br /> the lien or t�ke on.e or rnore of the actions set forth a�bove w�thin 1�days of the giv�ng of nvti�e. <br /> 8. Fees.Lender may callect fees and charges authorized by the Secretary. <br /> 9. Crvund�fvr Acceleration of Debt. <br /> �a� De'F�ult.Lender may, except as limited by re�ulations issued by the Secretary, in the case of payment <br /> defaults,re�uire immediate payment in fi�ll of a���ums secured b}�this Security Ins�ument if: <br /> (i} Borr�wer defau�ts by fai��ng t�pay in fu1l any monthly payment requued by this Security <br /> Instrument priar to or an the due date of the next m�nth�y ga�ment,or <br /> ��i} Bonower defaults by failing, for a period af thirt� days, ta perform any other obligations <br /> contained in this Secuzity Instrument. <br /> �b� Sale INith v ut C r�ed it App ra�a�.Lender shall, if permitted by app��cable 1aw�(inc�uding Section <br /> 341(d]of the Garn-St. Germa�n Deposita�-�r Institut�ans Act of 1982, i�U.S.C. 1?��j-3(d�)and vvith <br /> the prior appraval of�h�Secr�tary,require immediate�a�ment in full of alt sums se�ured by this <br /> Security In�.st,rument if: � <br /> (i� A1I or part of the�'roperty,or a b�neficial interest in a trust owning a�l or part of the Propeit,y,is <br /> sold or otherv�ise transferred(other than by devise�r descent},aad <br /> (ii) The Property is not accupied�y the purchaser or grantee a�s his or her principal residence,�r the <br /> purchaser or grantee does so occupy the Property but his ar her credit has not been approved in <br /> accordance with the requirements of the Secreta�r. <br /> �C} Nv 11VaiveF.If c�rcum�stances oc�ur that would permit�ender to require immediate paym�nt in full,but <br /> Lender does nvt require such payments,L�nder does not waive its ri�ht�with respect to subsequent <br /> e�ents. <br /> {d) Regulatian�vf iiUD Secretary.In many circumstances regu�at�ons issued by the Secret�ry wi111�mit <br /> Lender's ri�hts, in the case of payment defaults, to require immediate payment�n fu1�and foreclose if <br /> not paid. This 5ecurity Ins�rument do�s not authorize acce�eratian ar foreclosure if n�t permitted by <br /> regulations of the Secretary. <br /> �e} Mc�rt�age Not Insured.$orro�ver agrees that if this Security Inst�ument and the Note are not <br /> determined to be elig�ble for insurance under the Nat�on,at Housing A�t�rithin 6�days from the date <br /> hereof,Lender ma at its o tion,re uu'e immediate a ent in fu11 of a��sums secured b this <br /> FFiA Mortgage WITH MERS-NE Re�ised 419B <br /> VMP� VMP41V�(NE�(1342).4� � <br /> Wolters Kluw�r Financiai Sen►ices Page 5 of 14 <br /> qQ3337428363 a233 289 �51� <br />
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