201506794 - Laserfiche WebLink

Browse

��1 5��7�4 required to perrni�reinstatemen�if: (i�the Lender has accepted a reinstatement af either the I�eferral Period ar�his Security Instrurnen�within the past two��}years immediately preceding the current notificatian ta the E�igibie Non--Borrvwing Spouse that the martgage is due and payable;�ii} reinstatement of either the Deferral Period or this Secur�ty rn�trument vviil preclude foreclosure in the future,or�iii)reinstatement of either the Deferra�Period or Securi�y Instrurn�nt will ad�ersely affect the priority of this Security Instrument. 14.Lien Status. ta}Modification. Borrow�r agrees to extend this Security Instrum�nt in ac�ordance vvith this Paragraph 14�a�. If Lender determines that the original lien status af th�Security Instrument is jeopardized under state law��n�luding but not lirnited t�situati�ns wher�th�amount secured by the Secur�ty Instrument equals or exceeds the maximum prin�ipal amount sta#�ed or the rnaximum period under which�aan ad�ances retain the same lien priority initial�y granted to loan ad�ances has expired}and state�aw permits the original Iien status to be maintained for future loan ad�ances through the execution and recordation�f one❑r more documents,then Lender shall obtain�it1e e�idence at Borrower's exp�nse. If the titl�e�idence indicates that�-ie Pr�perty is not encumber�d by any liens(except the First�ecurity Instrument described in Paragraph �S�a�, this Second Security Instrument and an�subordinate liens that th�Lender de��rm�nes wiil also be subordinate t�any future l�an ad�anc�s�,L�nder sha11 request the Borrower to execute any dacuments necessary to protect the lien status of future loan ad�ances. Barrower agrees�o execu�e such dacuments.If state law d��s not permit the originall�en status ta be extend�d to future loan ad�ances,Bvrrawer will be deem�d ta ha�e failed to ha�e perf�rmed an obligatian und�r this Security�nstrument. �b}Tax Deferral Programs. Barrower shall na�participate in a�-ea1 esta.te tax def�rral pra�ram, if any liens created by the tax deferral are not subardinate to this Security Instrument. �c)Pri�r Liens. B�rrovWer shall promptly discharge any lien whi�h has priority aver this 5e�urity In�trument unless Borrower: �a}agrees in writing to the payment of the obligation secured by th�lien in a manner ac��ptable ta Lender;�h}contests in gaod faith the lien by,or defends against enfarcernent of the lien in,legal pr�ceedings which in the Lender's opinion aperat�to pre�ent th�enf�rcement of the l ien�r forfeiture of ar�y part af the Property;or�c}secures from the holder of the lien an agreement satisfactary�o Lender subord�natrng the�ien�o a11 amounts 5ecureci by thi5 Se�urity Instrurnent. If Lender d�termines that any part of the Proper�y is subject to a lien which may attain priority o�er this Securit� Instrument,Lender may give Bvrrower a notice identifying the lien. BorrovWer shall satisfy the lien or take an�or more of �he actions set forth abo�e vvithin t�n�1 D�days�f�h�gi�ing Qf��tice. 15.Relatianship to FirSt Security Instrument. (a} �eeond Security Instrument.In arder to secure payments which the Secre�ary may make to or on behalf of Borro�ver pursuant ta Section�55(i}�1�A}af the National Haus�ng Act and the Loan A�reement,the Secretar_y has required Borrower to execute a 5econd 1�Iate and this S�cand Page 7 of 13 HECM 5ecand Deed Df Tnist--2015