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201506898
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Last modified
7/21/2017 8:34:40 AM
Creation date
10/7/2015 10:22:15 AM
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DEEDS
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201506898
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��1 5��8�8 <br /> sign�ficantly affect Lender'�ri�ht�in the Property(such as a�roceeding in bank�-uptcy,f�r condemnation or <br /> to enforce�aws or regulat�ons),then Lender rnay do and pay what�v�r is necessary tQ p�atect the�alue of th� <br /> Property and Lender's r�ghts in the Praperty,includi.ng payment of taxes,hazar�l ir�surancc and other iterns <br /> menti�ned in paragraph 2. <br /> Any amaunts disbursed b�Lender under this para�raph shall became an additional debt of Bflrro�ver and be <br /> secured by this Security Instrument.Th��e amounts shal�bear in��r�st from the date of disburs�men�,at the <br /> Note ra�e,and at the option of Lender,shall be immediate�y duc anc�payable. <br /> Borrower shall promptl�dis�harge any lien tivhi�h has priority o�er�his��curity Instrument un�e�s <br /> Sorra�ver: (a}agrees in writing ta the payment of the obligation s�curcd by the li�n in a mann�r ac�eptab�e <br /> to Lender;�b}contests in good faith the lien by,ar defends against enforcement of the iien in, legal <br /> proceedings which in the L�nder's apinion operate to pre�ent the�nforcement af the lien;ar(�}secures <br /> from the holder af the lien an agreement satisfactory to L�nder subardinating the lien ta this 5ecurity <br /> Ins�rument.If Lender deterrnines that any part of the Froper�y is subjec�to a lien which may attain priori�y <br /> ��er this Security Instrument,Lender may give Borrower a no�ice iden�ifyia��he lien. Borrower shall satisf� <br /> the�iep or take one or more of the actions set forth abave within 1�days of the gi�Ting af notice. <br /> 8. Fees.Lcndcr may collcct fec�and char�es authori�ed by thc Secretary. <br /> 9. Grounds for Ac�eleration of Debt. <br /> (a} Defau�t.Lender may, except as l�m�ted by regula�ions issued by the Secretary, in the�ase of paymen� <br /> defaults,require immediate payment in fu�l of all sums secured by this S��urity Instrument if; <br /> (�} Bor�awer�efaults by failin�to pay in fu11 any m�n�hly pa�ment required by this Sec�trity <br /> Instrument prior ta ar on the due date of the next manthly payrnent,or <br /> (�i} Borrawer defaults by failing, for a p�riod nf thirty days, #o perform any ather obligatians <br /> contained in this Security Instrument, <br /> �b� 5ale VI►ithout�redit Appro�ral.Lender shall, if permitted by appl�cable law�including Sectian <br /> 341�d)Qf the Garn-S�, �'rerrnain Depository Institutions Act of 1982, �2 U.S.C. 17�1 j-3�d))and with <br /> the prior appro�al of the 5ec�etary,require irnmediate payment in full of a11 sums secured by this <br /> Security Instrument if: <br /> �i) All or part of the Property,�r a beneficial interest in a trust owning all ar part of the Property, is <br /> sald or athe�wise trar�sf�rred�other tha�by de�=��e or descent},a��.d <br /> (ii} Th�Property is not occupied by the purchas�r or grante�as his ar her principal residence,or the <br /> purchaser or gran�ee does so ac�upy the Property but his ar her credit has not been appro�ed in <br /> accordance�vith the rec�uirements of th�5ecretary. <br /> ��} No Wai�er.If circun�stan�;e�c�c�:ur t��at w�uld permit L�nc�er tc�requir�immediate payment�n fu1l,but <br /> Lender do�s not reqt�ire such pa�m�nt�,�,�r�d�r do�s nat�ai�e it�ri�hts wit��espec�t.o s��'b�e�uent <br /> e�ents, <br /> �d� Regulations�of HUD 5ecretary,In many circumstances regulations issued�y the 5ecretary wi�l iimit <br /> L�ndcr's ri�hts, in the case of payment defaults, �o require immediate payment in full and fare���se if <br /> not paid. T�iis�ecurity.Instrum�nt does not au#horize aG�eleration Ur fore�l��ure if no�permitted by <br /> regulations af the 5ecretary. <br /> �e} Mor�gage Na� insured.Bono��er agrees that if this�ecurity Instrument and the 1�1ote are not <br /> det�rmined ta be eligible for insurance under the 1�Tationai Housing Act within 6�days fram the date <br /> �iereof,Ler�der�ria ,at its o tion,re uire i�r���red�ate a �rrer�t�n full of all�ums secur�d b this <br /> FHA A+fortgage WITH MERS-NE Re�ised 4195 <br /> VMP C�J VAlIP4N[NE)(13�2}.a4 <br /> Wolters I{luwer Financial Servi��s q�,3����z 383 ��33 �48 051� Page 5 af 1� <br />
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