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201602162
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Last modified
7/23/2017 10:36:16 AM
Creation date
4/12/2016 11:22:12 AM
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DEEDS
Inst Number
201602162
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2� 1 ��21 �2 <br /> �-ec�u�red ta perrni�xe�n�tiatiemen�if: (i}th����7d�r has accep��d a z•ei��s�a����nent�f�i�her Chc Defer�•a� <br /> Pex•iod or�his See�.iritiy I��s�z•uz��ent��it}�i���h� past��vo�?}yea�•s is��rt�7�c��a��ly p�-ecec�i����he cur�•ent <br /> notification�o the El��ible Non-Bol•�•owin�Spouse�l1afi tl�e���o�-��a�e is due ar�d payablc;tii} <br /> �•�insta�ernent of eifihe�•fhe Deferral I'��•�od a��this Securi��� I��s�ru���rat ��ill pr�c�ud�f�t•eclosu��e ir��he <br /> fi�fu�e,�r�iii}�•�ins�atement of ei���e���1�� Ll�f�z•��al P��•�od a�-�e�uri��� i3�s�r�������-��will ��d��i•sely affec;t the <br /> pr�Qrity of�his S�cur��y I nstrulnent. <br /> 14.Li�n Status. <br /> (a}Mod�fi�afian. <br /> Barrtiwer a�x•ecs��extend t��is S�cu�•�ty Instru���ent ����.cc���•c�a�����n�i�h thi� �'a�•a��•ap� 1��a�. �f' <br /> Le7�d�r det�r���isles t��a�t���ox•i�il�al lie��s�atus of�h�Secuz�i�y �r1S�rui�l�n��S j�o�7at�C�1GCd unde�- <br /> �ta#e ]a���in�lu�in�;but not�i��i��d to si���a�ions���}�e�-c t}������zo����t secured b�r�he Security <br /> �nsfruinent e�ual�a1-e�:ce�dS th�l��axi�n�i��� p1•it��ipal ar��c}u���s��te;d o�•th� n�dxi���uk�� p��•iad <br /> unde�-��vhieh l�an ad��ances��etai��the s����e �icn p�-ia�-i���ini�iali����•az�ted�o Ioa���dvanc�s h�s <br /> ex�i�•ed�and s�a�e��,w perm��s�hc�or��i��al lien�ta�us t�be��ainta�n�d for fu�urz �����adva��Ges <br /> ���roLigh fihe�xecutio�i and �ecord�tio��af�r�e o�-���or�doc���n����s,�l�ez� I�el�de:�-shal�ob�ain ti��e <br /> evidcnce at�o�rov�rez•'s��cpEz�se. If�l�e�it1�e�idence i��dicat�s�I�.a����.e Prop��-�y i�not <br /> encuY��bez•ed by�nyr Iiens�ex�ep�the Fii�st Se����•i��� Inst���.�m�t��clesc��bed i��Pa�•a�raph 1�(a}, <br /> tliis Second ��cut•i�y I��strui��zn�a��d a���f sub�rdina�e 1�e�as t��a��he Lc��de�-d��e�•z��iz��s wi��also <br /> be subard�n�te to any fu�ure l�a���dv�nces}; Le�1d��•sl���1 1-�q����t�he Bari o�ve�•�c�e�ecute ai1�, <br /> dc��u�l�ents necessary��p�-c�tGct�t�� lie��.stat�is af fiitu��e lat�i��dv���ces. F3c����-�we�•a��•ees to <br /> execute suc��docum��ts. �f sta�e law dnes not p�rr��it���e a�•i�i��a� l�en stat�zs to b�ex��nded�o <br /> future l�an advanc�s,Barr���ver will be d�e�ned�o I�a�e fai�c�c� to�Zav�pe�-for�ned a�� abiiga�ion <br /> undet•this Se�ua•ity lnst�•u���en�. <br /> �b}Tax Deferral Programs. <br /> B�rrow�r shall 1�a�par�ici�aa�e in�1•eal esta�e t��def�i•�-al pr��i•a��1,if an�li�z�s created�}�fii�e <br /> �ax def�r�•al a�•c���.cat su���•di��a�e tQ��i���c�.t�•itv I��sti•z���nent. <br /> r <br /> �c� Pr�ar Liens. <br /> �3o�r•awer shal� pro���p�ly discl�ar��a�7y Ii����v�1icl� �ias pr•iori�����er tl�is 5ecu�ity I��s�:�u����n� <br /> unless Sor�-c��w�r: �a�agrees in tivz•i�i�����tl�c pay���c�n�a1��������b�iga�iar�sec��z•�d by t��� �i�n iz�a <br /> �nanner a�cep�abie to Lender; �b����ntes�s �n goad �a��h�he l ien by,o�-d�fend�a�ains� <br /> e�force�neflt of�he�i�n ir�,]�ga� prc�ce�d�i�gs�vhich in�he I1er�d�r'�opinior��pe�-ate to p�•e��en� <br /> the enf�ree���ent of�he l��n or for•f�i���re o f�any pat•t ofi th� Pr�p�rty: o�•�c}��cur�� �i•o���he <br /> halder of th� �ie;�ax�a��•eern�nt s�.tisfactory t❑�.�endcr-suv�rdina�inb t��e lie�7 ta all a���oux�ts <br /> se�ut��d by���is Se�u�•ity�ns�ru���en�. If Ler�de�•d�te�-���in���hat ar�y par��f�h� Pr�pe�•�y is <br /> �ubject ta a l�e��which���ay a��air� ��•i���i��?aver this��e��ri�y Ia�.s���utnez�t, �.��:�Zd�r��r�a}�giv� <br /> Ba�r-o�ver a no��c� ide���if}�i������e �ien. B��-r•�wcr shal� sa�isfy�h��ien a�•tal��on�01•t��re of <br /> t��e ac�ions s�t for�l�aba�e wi�h���en�l 0}days of the��viz��of notice. <br /> 15.Relati�nship to F`xrsf S��urity Ins�rument. <br /> �a}Sec�nd Securit� �nstrun�en�. In ot•de�•�o securc p������ent��l�ic��the Se��-e�a�•y»��.yF�-��ak�ta or <br /> an behalf of Bor•rowez pursuant�Q S�cti���`�55��}�I�(��af t��e�a���t�a� Hausin�Act anc�the L�at� <br /> A�r�e�x�����,�he Secre�a�-���aas r�c�uiz-ed �c�r�-nw�r to c.�xcc�i�e a S�c��nc�l�o��and���is Sec�nd <br /> �'a�t� 7 af I3 !-�LC'M Sc�caszd t3ee�i t:)i�I i't�st--2�i> <br />
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