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201506793
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Last modified
7/21/2017 8:31:31 AM
Creation date
10/2/2015 11:03:33 AM
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DEEDS
Inst Number
201506793
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��1 5��7�3 <br /> Tv protect Lender's security in the Praperty,Lender shall ad�ance and charge to Borrower al�amaunts <br /> due to the Se�retary for the Mortgage Insurance Premium as def ned in the Laan Agreement as well as <br /> al� sums due ta the loan ser�icer far servicing activities a.s def ned in the Loan Agreernent.Any amoun�s <br /> dishur�ed by Lender under this Paragraph shall become an additiona�debt of Borrawer as pro�ided for <br /> in the L�an Agre�ment and shall be se�ured by this 5ecurity Instrument. <br /> G. Inspe�tion.Lender or its agent may ent�r an,inspect ar make appraisals of the Property in a <br /> rea�onable�nanner and a�reasonable times pro�ided that Lend�r shall gi�e the Barrov�er n�tice prior�o <br /> any inspectian or appraisal spe�ifying a purpose for the inspection or appraisal which must b�reiated to <br /> Lender's int�rest in the Property.If the Praperty is vacant or abandaned�r the loan is in default,Lender <br /> may take reasonab�e action to protect and preser�e such�acant vr abandoned Pr�perty without natice to <br /> the Borrawer. <br /> 7. Condemnatioa.The pr���ed��f any award ar claim for damages, direct or cansequential, in <br /> conne�tion with any condemnation,or other talcin�of any part of the Property,�r far conveyance in <br /> place of condernnation shall be paid to Lender.The praceeds shall b�applied first to the reduction af <br /> any indebtedness under a Se�ond Nate and Secand Security Instrumen�held by the Secr��ary�n the <br /> Property,and then to the reduction of th�inde�tedness under the Note and this Security Instrument.Any <br /> excess pr�ceeds��er an amount requir�d ta pay all autstanding indebtedness under the Note and this <br /> Security�nstrurnent shall be paid tv the entity legally entitled thereto. <br /> S.Fees. Lender may coliect fees and charges authori�ed by the Secretary. <br /> 9.Nvn-Borrowing Spouse. Barrower,NIA is marri�d to I�11A�"I�Ion-Borrov�ing Sp�use"}, who is not a <br /> Borrawer under�he terms af�he"Second Nate," "Loan Agreement" or�his 5ecurity Instrument. <br /> (a}Eligible�on-Borrawing Spouse-a�on-Borrowing Spouse identified by the Borrawer <br /> who m�ets,and continues to meet,the�ualifying A#trihutes requirements established by the <br /> Secretary that the�1on-Borrawing Spouse must satisfy in order tn be eligible far the Deferral <br /> Peri ad. <br /> (b)Ineligible l�on-B�rro��ng Spouse-�Non-B�rra�ving Spouse who does not meet <br /> the Qualifying Attributes requirements established by the 5ecretary tha�the�on-Sorrowing <br /> Spouse must satisfy in order to be eligibl�for the Def�rral Periad. <br /> 1 U.�rau n ds for Acce�eration of Debt. <br /> �a}Due and Payab�e-Dea�h. <br /> �i�Except as pro�ided in Paragraph 10(a}�ii},Lender rnay require immediate paym�nt in full of <br /> al�sums secured by this Security Instrument if a Barrower dies and th�Praperty is not the <br /> Principat R�siden�e of at least ane surviv�ng Borr�wer. <br /> (ii}Lend�r shall defer the due and payable requirement under Paragraph 14�a��i}above far any <br /> perifld of time�"Deferral Peri�d"�in wh�ch a NQn-Borrowing Spouse identifi�d in Paragraph 9 <br /> Qual ifies as an Eligible�Ion-Borrowing Spouse and certifies alI af th�followin�conditi�ns are, <br /> and cantinue t�be,met: <br /> a. Such Eli�ible Non-BorrowinQ Spous�remain�d the spause ofthe id�ntified B�rrawer <br /> Page 4 af 14 �CM First Deed Of Tn�st-2fl 15 <br />
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