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201602161
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Last modified
7/23/2017 10:36:03 AM
Creation date
4/12/2016 11:19:10 AM
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DEEDS
Inst Number
201602161
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2� 1 ��21 � 1 <br /> r•emain in effect as if Le�d�r had not�•equir�d i�nt�ledia��p�;�mer���n�full. ���owever, Lendez,is not <br /> x•eauired��pez•�nit reins�aternent if: �i}����d���has accep�Ed �-einst�.���-�-�cnt af��r the can��nenee���ent c�f <br /> fa�•eclosu��e pz•flce�dings within tr�a��}year� i��-�m�d�aze�y��r��ediz-���he ca���inenc�mcz��of a cu1•ren� <br /> foreclosure prace�di��b,(ii}rei��st�.�em�n�wil� p�•ecl��de f€�x•�c�os���•�o��dif����-�r���rou��ds in#:h��futuz•e, or <br /> �iii�z-eins�ate���e��t��ill adv�r•sel�a�`fe�t th�p�-ioi ity aft��z�ec�ir-if� Ii�s��-�����ent. <br /> 13. Deferral�'eriad Reins�afem�nt. �f a C�eferrai I'eriod c�ases or b�comes �Fna�ai�able be�a��s�a <br /> Non-Borz•o��ina Spause no Iai��er sa�is�f ie�tl�e�ualifyin�,�.�tribut�s fo�-a Defe�-ral P�ri��a��d ��as <br /> beco�n�an�neli�ible I�Ion-Borr�wi���Spouse,i�ci�he�•�h�Defi�r•ral Periad r�oz•the Securi�y���strun�ent <br /> �x��.y be�•ei��s�ated. �n�he even�a C�eferra� Pe�iad cease� because a��obli�a�i���of t��c 1�0��,�1��Uaan <br /> Aa�-ee���e��t,��-this Security tns��•u���e��t ha���o�b��n l��ct c�x-t��e Not���as becol��e�li�i��e to be ca�lec� <br /> due and payable apd is in defau]t fa�•a�,eason ot��c�•tl�an de��l�,az� �;li�;�b�c�Na��-Box•��owin�Spouse�n�Y <br /> ha�e a Deferra� P�rYod ar�d tl�is S�cu�-i�y I���tru���c�nt r�i�st��ed pro�ic��d �hat�l�e���ndition w�zic}� resu�ted <br /> iI���1�DEf�I•z•al Pz��iod c�a.��i��� is car�•ec�e�i���t1��1��l�i�-�y���}days. � Le��d��-�nay r�c�u�re�he I��i�ih�e <br /> �on-Borz•owina s�ouse to�aay�for fa�eclosur�cos�s a.r�d �•ea���nab��a��d c��s�o��axy a��o�-ney's f�c�s and <br /> expens�s propez•1�associated with�he f�reclasur� ��•aceedi���,suc��c�s�s����y� no�be adde�to�he <br /> Princi�al Balance. Upo��reinstatcment by an E�i��ble Noi�-�3o�-ro��vir��Spause,the �efer�•a� P�r�iad and <br /> �his Secu�•i�y Inst�•��ment a��d the�bligation��l�at i�se�ures s��all ��e}z�a��1 i��effeGt as if�I�e �efc�•�•al Pe�-iod <br /> had no�ceas�d and�he�e��der had ��at�-ec�ui�-�d i�z�n��diate pay�nen�in�u�l. ��o��•�vez-, Lende�•is not <br /> x•equiY•ed�o perinit x•ei��s���er�1���t if: �i}�h�Lei�dez has acce��:ed a r�ix�sta��n��r���f eit��er�h��eferr�.l <br /> Perzad o�•tl�is S��uri�y Instrument�v����i��tl��past tw��2}yea�•s i���m�dia�ely pt•eced�n�tl�e curiez�� <br /> ��otifica�ion�o the E�i�iblc�No�1-Bor•ro��vi�1�Spousc�ha�t���mor��.�a�e is d�.�����d pavab��;��i} <br /> �•�insta�e���e��t af���he�•tl�e Defe�•ral Periad ox•t��is S�cu�•ity� ���str•u���e��t wi�� p�eciude f�a�•eclosure in�h� <br /> future,o���iii� reinstatem�n�af eithex•�h��3efert-al �'��,iod���•�ecuriCy�ns�rui��Ent v�il�adW�rsely affec:�the <br /> pr�o�ity of�his S�curi�y Instru����n�. <br /> 14. Li�n Status. <br /> �a}Mod��ca�ion. <br /> Borrower a�x•ees��ex�e�ld tl�is 5ec���•i�� lns���tix��r�t in�3.C�UrCI�i'1��'�i�'it���I71S P�r���•a�I� 14�a}. <br /> If Le��d�r deter���i�7�s l��at the o�"lbll��� �It'1�S�ct���.lS C3f�I`�f� S�CE.iI'1��� I��stru���c��t is jeopard���d <br /> L137d�1'St��� 1c�W��I7C�Ud11.1�bu�i�ot Ii�ni��d to s���ia�i���s�uhere t���a�n�u���secur�d by�hc <br /> S�cu�•��y Ins���ume����qua�s ot•�x�e�ds tl���n�x����um p�•it���pal at���ui��sta�ed o�•�l�e <br /> anaximum pe�•iod u��der wi�icl� loan advances �-eta�r�tl�e sarne lie�� p�io��ity ir�iiially�ran��d to <br /> loan advan���ha�expi�-ed�and s�a�� law p����a�it��he c�ri�i��al 1i��1 statu�to be z��ain�aii-�ec�fo�• <br /> fu�ure l�an ad��ances through��ze e�;ecutican a��d z-ecordatiQn c��`or�e o�-����re docu���.c��ts,then <br /> Le�der shall �bta�n ti�l���idence a�Bo�•ra���e�•'s expense. �f��he�itle e�i�ex�ce�nc��ea�es�hat <br /> �h�P�roper�y is no�enc��n�berec�by any �i�ns (excep�t}�is S�c��rit��nstrur���n�,�he S�cand <br /> Security Ins�x•u��-��flt descr�b�d in para���pl� 1 S�A}anc�a��l�subo�•dina��liens���a��he L,e��d�a- <br /> de�cr���ines��vi�l alsfl be subo���il�ate��a��y futu��e loar�ad��a��cLs}, Lende��shal� �-ec�ucst the <br /> Ba�rr�wer fia execute az�y d�cu�n�t���n�cessary t�px�a�eG�fhe li���s�atus oF fu�ure loal� <br /> adva��Ges.Bc�i•�o��e�•a��•ee���exe�ute�z�c��docu��z�e��t.�. Ifsta�e �a��does��ot per�nit t��� <br /> origina�lien sta���s t❑b�ex�e��ded�o f��t���-e lo�n�,dvanGes,B��-i•o��er wi11 be deemed to ha�e <br /> fail�d�o�ave p�rfarn��d an obl igatioi� ��r�de�•�his S���iz-i��� Iz�st�•�i��7ent. <br /> (b}�'ax Deferral Pr�gr�ms. <br /> Boi�ro�ue�sha�l n��part��ipa�e���a r��l es�ate E���dzf��-r�� ��ro��•ai��, if ar�y lien�crea��d byl�he <br /> �ax defert•al at•�not suba�•d�������t��:I�.�s ��cur•�t�� �i�st�•u���cnt. <br /> I'.��c 7 tif 1� H�.C'�1 F�ii'�t Q�ed df��r�sst-2a 1 S <br />
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