201600764 - Laserfiche WebLink

Browse

2� 1 ��7�4 Paragraph 23 t�Lender or a receiver of the Proper�y,until the Secretary has required payment in ful�of all outstanding principal and accrued interest under the 5econd Nvte;or �ii} B�obligated t�pay �nteres�or shared appr�ciation under the 1�1ote at at�y time,whether accrued hefare or after the payments by the Sec�etary, and whether or not accrued interest has been included in th� princ�pa�balance under th��te. (D} Na Dut of the Secre�ar . The Secretary has no duty to Lender to enforce co�enants of the Secand S�curity Instrument or to take actians�o preserve the value of the Property, e�en though Lender may be unable to collect amounts owed under the Note because❑f restrictions in thi� Paragraph 15. ls. Forbearance by Lender Not a �Vai�er. Any forbearance by Lender in exercising any right or remedy shall not be a wai�er of,or preclude the�xercise❑f,�.ny right o�remedy. 17, Successars and Assigns �ound;Jo�nt and Se�era� Liab�lity. The co�enan�s and agreements of this Security Instrument shall bind and benefit the successars and assigns of Lend�r. Borrawer ma� nat assign any right� or obligations u�der this Security Instrument or under the Nate, exGept to a trust tha� meets the re�uirements of the Secretary. Borrower's co�enan�s and agreements shall be ao�nt and se�eral. N�twithstanding anything to the cantrary herein, upon the death of the last survi�ing Borrower, the Borrower's successors and as�igns will be bound tv perfarm Barrower's abligations under this Security Instrument. 18, NU�IC�S. Any notice ta Lorrower pro�ided for in this Securi�y Instrument shal� be given by deli�ering i�❑r by mailing it by f rst c�ass mail unless applicable law r�quire�use of anather method.The notice shall be direct�d�o the Praperty Address or a�y other a��ress aI1 B�rrowers jointly designate. Any natice to L�nder sha�l be gi�en by first class mail to Lender's address s�ated herein ar any address Lender designates by notice t�Borrower, Any not�ce ta a Non�Borrovving Spouse provided far in this Security Ins�rument shall be gi�en by deli�ering �t or by mailing it by first ciass maii un�ess applicable law reyuires use of ana�her method. `�he notice shall be dire�ted to the Proper�y Address. B�rro�ver and Nan-Borrowing Spouse acknow�edge that any n�tice �arrow�r or Nan-�orraw�ng SpQuse provides to Lender must alsa be pro�ided t� MERS as Nominee for Lender until MERS' N�minee interest is terrninated.Any notice pro�ided�by B�rrower ar Non-Borr�wing Spouse in connectian�vith this Secur�ty Instrument wi1� not be deemed to ha�e been gi�en to M�RS unt�l actually received by MERS. Any r�otic� giv�� in c4nne�tian with this Security Instrumen� shall not be deemed to ha�e been gi�en to Lender unt�l actuaily recei�ed b� Lender. Any notice pro�ided for in this Security�nstrurnen�shall be d�emed ta ha�e been given ta Borrower, Lender,Non- Borrovving S�ouse ar MERS when g�uen as praaided ir�this Paragraph 18. 19, Go�erning Law; Se�eralai��ty. This Se�urity �ns�rument shall be go�erned by Federal law and the law of the jurisdictian in which th�Proper�y is located. In the e�e�t tha�an��ro�ision or clau5e of this Security instrument or the Nate confiicts w�th appiicab�e �aw, such conf�ic�shall not affect ather provisions of this Security Instrumen�or the Not� vvhich can be gi�en effect wi�hou� the conf[ic�ing pro�ision To this end the pro�isions of this Security Instrum�nt and the 1�Iote are declared ta be severable. 24. Borrower's Copy. Borrower shali be gi�en one canformed copy of the Note and thi5 Security Instrument. 21. Third-Party Beneficiary. Except as set forth in Paragraph 10(A}(ii} and an�y for an Eligib�e Nfln-Borrowing Spouse the Security Ins�rument does no�and �s not intended to confer any rights or remedi�s upan any person other than the parties. �arro�er agrees that it is no�a third-party beneficiary t�the Contract af Insurance between HUD and L�ender. ane Re�erse Mortga��,L�,C Loan�riginator:Tiffany Davis Company-NMLS#:2DS2-Loan Number:33498825�3 L�an�riginator 1�ML5#:753281 �ebraska-1s��ERS Security Instrume�t(AdjustahZe) Page 8 nf 1� C�Bay Dacs,LLC 4314�1�015 q�33498825�3 0�33 Q'I� �8�2