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201502065
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Last modified
7/21/2017 1:49:13 AM
Creation date
4/3/2015 1:52:30 PM
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DEEDS
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201502065
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��15����5 <br /> s�gn�ficantly aff�ct Lender's rights in the Property�such as a proceeding in bankrup�c�, for condemnatian or <br /> t�enforce�ativs or regulati�ns},then L�nder may do and pay wh.�.�ever is necessary t�pr�tect t�e value of the <br /> Property and L,ender's rights�n the Property, including pa�m�n�of taxes,ha�ard insurance and ot�er items <br /> mentione�in paragraph�. <br /> Any amounts d��bursed by Lender under this paragraph sha11 become an addi��on�a.�debt�f Borrower a�d be <br /> se�ured by this�ecurity Instrument. These amounts sha11 bear interest from th�date of disbursement, at the <br /> Nate rate,anc�at the option of Lender, sha��be irnmediate�y due and payable. � <br /> Bonower sha��promptly��schar�e any lien which has priar�ty over this�ecurity Instrument un�ess <br /> F3orr��rer: (a)agrees in wr�ting to the payment af th�ob�igat�on secured by the lien in a manner acceptable <br /> ta Lender;�b}conte�ts in goad faith�he lien by,or defends a,gains�enforcement of the lien in, �ega� <br /> proceedings wh�ch in th�Lender's�pin.i�n operate to prevent the enfarc�rnent af the 1ien;or(c}secures <br /> from the hold�r of th�lien an agr�ement sat�sfactary to Lend�r subord�nating�he�ien to this Security <br /> Instrumen�. If Lender determines that an�part of the Property is subjec�ta a�ien wh�ch may attain priority <br /> a�rer th.i.s Seeurit�r Instrument�Lender may gi�e Bono�uer a noti�e identifying the�ien. Bonower sha11 satisfy <br /> the�i�n or take ane or more of the a�tions s�t forth above within �D days of the giving of riot�ce. <br /> 8. Fees.Len.der ma.y collect fees and�harges authori�ed by the Secretary. <br /> 9. Graunds for Ac�e�eratir�n af Debt. <br /> ��a} I�e��ult.i,e�.der may, except a�limit�d��r r�gulations issued by�he Secretary, in th�case of payrnent <br /> �efau��ts,r�quire immediate payment�n ful�of all sums secured by�his Security Instrument if: <br /> �i) $a�ro�er defau�ts by fa��ing to pay in fult an�monthly payrnent requued b�th�s Security <br /> Instrurnent prior t�or an the due dat�af the n�xt m�nthly payment,or <br /> �i�} ��n��rer defaults by fa�ling, for a peri�d of thirty days, to ��rform any o�her obligations <br /> contained in this Security Ins�.iment. <br /> ��� �a��1!�'i�hout�r�dit Approrrai.L�nder shall, if permitted by applicab�e�aw(including�ection <br /> 34��d�of the�'iaxn.-5�, �ermain I3epos�tary Institutions Act of I 982, ��U.S.C. 17�1 j-3�d}}and�ith <br /> the��ior approval of the Secr�ta�y,require imrned�ate payment in.fu�I of a��sums secured by th�s <br /> , Security Instrument if: <br /> (i] Al�vr pa�t of the Property,or a beneficial interes��n a tru5t owning all or part of�he Property, is <br /> s�id or vthervvis�transferred��oth�r than by devise ar��sc�nt�,and <br /> (�i} The Property i�not oGcupied�ay the purchaser or grant�e as his or her princ�pal res�dence,or the <br /> pur�chaser or grantee daes so occup�the Proper�y but his or her credit has not been appro�ed in <br /> a�c�rdance�ith the requirements of the�ecretary. <br /> 4C� Nv VI#a�v��'.If circumstances occur that�v�uld permit Lender to require�n�mediate payment in fu11, but <br /> L�nder doe�not require su�h payments,Lender does n�t waive its right�w�th respect to sub�equent <br /> �v�n.ts. <br /> �d� R����ationsof HUD Seenetary.In many circumstances regu�ations issue�by the Secreta�y vvil��imit <br /> Lend�r's righ�s, in the case of paym�nt defaults, t�r�quu'e �mmediate paym�nt�n full and forec�ose�f <br /> n�t paid, This Sec�.rity Instrument daes nat authorize acce�era.ti�n ar foreclosure if not p�rmitted by <br /> regu�at�Qns Qf th�Secretary. <br /> {�} �lort��t�e Not irtsu�'e�l.Borr�wer agr�es tha�if thi� Secur�.�ty In�trument and the N'ote are not <br /> deter�nin�d tQ be eligible far insurance under t�ie National Hous�ng Act�vithin 6�days from the date <br /> hereof,Lender ma ,at its o ��on,re uire immediate a ent�n full of a��surris secured b this <br /> FHA Mortgage WITH M�RS-NE Re�ised 4196 <br /> VMP� VMP4N�NE}�1302}.44 <br /> Wolters K#�wer Fir��ncial Services Page 5 af 1 Q <br /> q��33$1s ��z a��� 425 a��� � <br />
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