201608607 - Laserfiche WebLink

Browse

'� ' 2� 1 ��8��7 � , 8. Request for Noti�es. Borrower requests that capies of the noti�es of default an� sale b�e sen# ta B�rraw�r's address which is the Pr�pe�ty Addr�ss. �. Substitute Tru�tee. Lend�r, at its aption, may frvm tim� �o time remove Trustee and appoint a successvr�rustee to any Trustee appainted hereunder�y an xnstrument recarded in the county in which this Security In�trument �s recor�ed. Without canv�yance of#he Praperty, the success�r trustee �hall succeed to all the title,power and du��es conferr�d upan Trustee herein and b�Applicabie�aw. 1�. Re�on�eyance. Upon payment of all sum� s�cured by�his Securi�y�nstrument, Lende�shaii request Trustee to recon�ey the Property and shal� surrend�r th�s S�curity in�trum�nt and alI notes e��dencing debt secured by this Security Instrument to Truste�. Trustee sh�ll recan�ey the Prvperty �vi�hout wat�ranty t� the person or persons �egally entitled t� it. Such person or per�ons �hal� pay any recordatian costs. 1�. Borrower's Right to Reinstate. Barrower has no right to reinsta�� the �oan after Len�er has accelerated the sums secured hereby. Lender may all�v�Borrvwer ta reinstate the l�an praviding that: (a} Borrower pays Lender all sums which wou Ed be then due under thi� Se��rity Instrurn�nt and the �vt� �ad no aGceteratian accurr�d; �b} Bvrrower cure� a�l br�aches of any ath�r cov�nants or agreements of Borr�wer cor��ained in this Security Instrument; �c} Barrower pays all reas�nable expenses incurred by Lender and Trustee in enfor�ing the covenants and agreements of Ba�rrawer contained in thi�Secu�-ity Instrument,and in enforcing Lender's and Trustee's remedies as provide�in paragraph 7 ther�af, including, but not limited ta, reaso�aab�e att�rneys' f�es and expenses; and (d} Barrawer takes such ac�i�n as Lender may reasonably r�quire ta a�sur� that the 1 i�n of this Security Instrument shall cont�nue unimpaired. Upan such paym�nt and cure by Borrower, this Sec�rity Instrument and the obliga�i�n sec�red hereby shal�remain�n full for�e and effect as if no ac�eleration h ad occu rred. 12. Subrogation. Any of the proceed5 of�he Note used�a take up�autstanding liens against all or any par� af t�e Prope�~ty have been advanced by L��z�er at Bn�t-awer's re�ue�t and upon Borrower's representation that such amnunts are due and ar� secured by �alid Iiens against the Prop�rty. Lend�r shai� b� subrogated to any and all rights, super�or titles, liens and eauities owed or �laimed by any owner or ho�der of any�wner or holder af any outstanding l�ens�and debts, regardless�f wheth�r said �iens �r debts ar� acquired by Lender by assignments or are xel�ased by the holder th�r�of upon payrnent. 13. Partial In�alidity. In event any portian af the sums �ntend�d to b� secured by this Se�urity Instrum�nt cannot be lawfully secured hereby, payments in reductian of suCh sums sha�l be applied first ta those portions n�t secured h�reby. In the e�ent that any appli�able law lirniting the amaunt of inter�st or other charges p�rrnztted�o b�e callec�ed is interpret�d sa that any�harge pro�ided for in this Security Instrument�r in the Note, whether�onsidered separa�ely or tag�ther with other c�ar��s��at are cvnsidered A part of this Security Instrument and Note transaction, vialates su�h iavrr by reason, suGh charge is hereb� reduced to the extent necessary ta eliminate such �iolation. The am�unts 4f su�h in�eres#� or ather charges previausiy paid ta Lender in excess of the amounts permitted by app��cable lavv shall be applied by lender to redu�e the pr�ncipal of the indebt�dness evidenc�d by the Note, or, a�Lender's opt�on,be refunded. We11s Farga Custom FHAA[}5DA HA�P(Combo}��l�2a16 �4� I�,�1936�IlI��lUII��IIII��II��lII�� Page 4