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201502229
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Last modified
7/21/2017 1:53:19 AM
Creation date
4/10/2015 9:13:09 AM
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DEEDS
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201502229
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��15����9 <br /> significantly affect Lender's rights�n the Property�such as a proceeding in b�nkruptcy, for canderrination or <br /> �v enforce laws or r�gulations},then Lender may da and pay whatever is necessary to protect�he value of the <br /> Proper�y and Lender's rights in the Property, inc�uding payment of ta.xes,ha�ard insurance and other items <br /> mentianed�n�aragraph�. <br /> Any amounts disbursed by Lender under t�is paragraph s�all become an addrt�onal debt�f 13orrawer and be <br /> secured by this Secur�ty Instrumen�. These amounts shall bear interes�from the date of disbursement,at the <br /> No�e rate,and at the option af Lender, shal�be immediately due and payable. <br /> Borro�ver shall promptly discharge any lien which has pr�ori�ty ov�r this Security Instrument un�ess <br /> Borro�ver: �a)agree�in writing to the payment of the ob�igatian secure�i by the�ien�n a mann�r acceptab�e <br /> t�Lender;�b}contests in.�oad fa���i tl�e l��n by,or defends against enforcement of th���en in,le�a1 <br /> prvc�edings which in�he Lend�r's op�nion�perate to preven.t the enforc�ment of the lien;or(c}secures <br /> from the holder of the lien an agreemeat satisfactary to Lender subordinat�ng the lien ta this Secur�ty <br /> Instrument. If Lender determin�s that�ny part of the Property is subj ect t�a�ien wh�ch may at�ain prior�ty <br /> aver thi�Security�nstrument,Lender may�ive Barrovver a natice identifying the��en. Borrower shail satisfy <br /> the lien or take one or more of the actions se�forth above�uith�n 10 days of the g�vin�of notice. <br /> 8. F�es.Le�der may cal�e�t fees and charg�s autharized by the Secre�ary. <br /> 9. �rounds far Acceleration af Debt. <br /> �a} Def�u[t.Lender may, excegt as limit�d by re�u�at�oris issu�d by the Se�retary, in�he case af payrn.ent <br /> defaults,require�mmediate payment�n full of a1�sums secured by this S�curity Instrument�f: <br /> (i} Barra�rer defau�ts by failing�o pay�n fu11 any monthly payment requued�y this Securi�y <br /> instrument prior to or on the due date of the next monthly payment,or <br /> (ii} Barrower d�faults by fa�li�ng, for a periad of �hvrty days, to �erform any other obligatians <br /> contained in this S�curit�Instrument. <br /> tb} S2���1���hout�re�it Approv��.�en�d.er s�a11, if p�rmitted b}�applica'ble lativ�in�lud�ing��ctian <br /> 341(d}�f the Gam-St. �ermain D�posrtory Institu��ans Act of 198�s 1 Z U.S.C. 17�1 j-3(d)}and with <br /> the pri.ar ap�ra�a1 of the Secretary,require immediate payment in full of a�l sums secured by th�s <br /> �ecu�rity Instrument if: <br /> ��) All ar part of the Froperty,or a b�neficial interest in a trus�o�ning a1I or part of the Prvperty, is <br /> sc��d 4r other�rise i�a.nsferred(ather t�an by devise or descent),a�d <br /> (ii) The Prvperty is�ot occup��d by the purchaser or�antee as his vr her pr�ncipal resid�n�e,vr the <br /> purchaser or grantee does sa�ccupy the Property but his or her cred�t has�ot been approved�n <br /> accordance wi�h the requirements of the Secretary. <br /> �C� Nv 1l�a��er�.If circum�tanc�s occur that wou�d perm�t Lend�r to requ'vre�mmediate payment in ful1, but <br /> Lend.�r d�es nvt require suc}�payments,Lenc�er daes not waive its rights with respect to subsequent <br /> events. <br /> �d� Regulation�of HU[� S�cretary.In many circumstanc�s regulatians issu�d by the 5e�r�tary wiil�imit <br /> Lender's rights, in the ca�e of payment defaults, to require irnm�d�ate payment in full and fore�l�se if <br /> n�t pai�. This ��curi�y�nstrument does not at�thor�ze acceier�tion or for�clasure if not p�rmit�ed by <br /> regulations of the Secretary. <br /> ��} IVI o�j ag e N ot I n s u r�d.Borr�wer ag�re�s that if this S ecurity Instrumen�and the h�ote are not <br /> d�termined to be el�gibte for insurance under the Nationa�Housing Act within�4 days from the date <br /> here�f,Lender ma ,at its o tiQn,re uir��mm�diate a �n�in fu�l of a1I�ums secured b this <br /> FHA Martgage WITH MERS-NE fie�vi�ed 41'9B <br /> VMP� VMP4N4NE�(�34�].4(} <br /> Wolters Kluwer Finarxcial 5�rvices Page�af 14 <br /> qn33 $ 5�35 ��33 373 �S1Q <br />
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