201505001 - Laserfiche WebLink

Browse

��15�5DU1 Property remains fhe Sorrower's Princ�pal Residence and, i� applicab�e, the Principa! Residence af h�s or her Non-Barrowing Spause. W her� a Borrawer has identifie� a NQn--Bvrraw�ng 5p�use in Paragraph 9, and the iden�i�i�d Non--Barrowing Sp�use quali�es as an Eiigibie N�n�Borrowing 5pouse, the Sorrower shail also compfete and pr��ide �o the Lender on an annua� basis, an E�igible Nan--6vrrowing Spouse cer�ifica�ion, in a form prescribed by the Lender, c�r�ifying that ai� requirem�nts for the appl��ation af a Deferral Pe��od continue to app�y and can�i nue tv he me�. During a Defe�r�al Period, �he annua� Pr�incipal Residence certifi�atian must cvn�inue to be �ompleted and pro�rided �o fihe Lender by the Eligible �lan-Borrowing Spaus�. The Borrower shafE also nofify the �.ender wheneve�- any af the e�enfs listed in Paragraph ��b�and �c}occur. �e} No�ice t� Secretary and Borrnwer. Lender shall no�i�y the 5ecre�ary and Borrower whenever the laan hecomes due artd payabie under Paragraph 'I4�b} and �c}. Lender shafl no� have the right t❑ ��rnmence �oreclosure un�� Borrower has had #h��ty �3�} days a�ter notice to�ither; (i} �orr�Gf th� ma�fier which result�d in the Secu�rity Instrument caming due and payable; ar �Ei} �'ay�he ba�ance �n full;ar �i�i} Sel� �he Property for �he fesser of �he ba�an�e or ninety-fiue percent {95%} af the ,. appraised�aiue and apply�he net pra�eeds of the saie toward the balance; or �iv} Provide the Lender wi�h a deed in I�eu af far�clasur�. (f} Nvtice to Secretary and Eligibie Non-Borrowing Spouse. Lender shal�notify�he Secretary and any Eligihie Nan-Borrowing Spouse whene�er any even�listed in Paragraph '1��b}and�c� ac�urs during a�3e�erra! Periad. �g} Trusts. Con�eyance af a Bvr�awer's interest in �he Property �a a �rus� which mee�s �he �equiremenfis a� the �ecretary, ar conveyan�e af a trus�'s inter�es�s in �h� Proper�y to a Bvr�ower, shall no� �e considered a con�eyan�e far purpos�s of�his Paragra�h '�fl. A�rust shall not be �onsidered an a��upant o�- be considered as ha�ing a Principal Res;dence far �ur�oses of this Paragraph 1�. 'i'!. No Defi�iency Judgments. Bvrrov►rer shall ha�e nd personal liability fvr payment of the debt seGured by�his Securi�y lnstrumen�. Lende�rnay enforce�he debt only#hrough sa�e of�he Properfy. Lender shall na� he perrn�tted ta abtain a d�fi��ency judgm�n� agains� Borrawer if �he S�curi�y 1ns�rumenfi is fare�iosed. 1�. Reins�atement. Bor�ower has a righ#�o be r�e�ns�a�ed �f Lender has required immediate paymen��n fulf. This right appl�es ��en after foreclosure praceedings a�e institut�d. To r�insta�� this 5ecurity �nstrumen�, Borrower shai� c�rrec� �he �ondit�an which resulted in the requirement #or imrnedia#e payment in ful1. Fareclosure cosfis and r�asonable and cus#omary attorney's �ees and expenses prap�rly associated with the fa�ec�osure praceeding shai� be added fo �he Principal Balan�e. Upon r��ns#at�rnent by Bvrrovrrer, this Se�urity lnstrumenl�and th� abligations that it secures shall �ema�n in e�fe�t as if L�nde�had na�required imrr�ed�a�e payrnen�in full. Howe�er, Lender is not required�o 77540GEN3D3N Accenture Martgage Cadence❑ocume�t Cer�ter 0 {fi vf i3) NeE�raska Se�vnd Deed af Trust-HECM ADJUSTABLE RATE �2?9�3115