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201702082
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Last modified
7/28/2017 2:42:23 PM
Creation date
4/4/2017 9:35:01 AM
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DEEDS
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201702082
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2� 17�2�82 <br /> Security Ins�rum�nt. Lender may enforce the debt only throu�h sa�e of the Property. Lender shall not be permitted <br /> to o�tain a de�cie�cy judgm�r�t against Borrawer if the Security Instrument is foreciosed. <br /> 1 Z. Reinstatement. Barrow�r has a right t�be reinstated if Lender has r�quired immediate payment in full, This <br /> right applies e�en after foreciosure proceedings are i�stituted. Ta reinstate this Security Ins�`ument,�3orrower sha1� <br /> correct the condition vwhich resui�e� in t�� r�quir��n�nt ��r immediate pa�ent ir� �ill. For�cla�ure c�sts and <br /> reasonable and custamary attorney's fees and�xpenses praperly assaciated wi#h the foreclosure praceeding shall be <br /> added ta�he Principal BaZan�e. Upon reinstatement by Borrower,this Security Instrument and th�obligatians that it <br /> secur�s shall remain in ef�Fe�t as i�Lend�r had not required in�me�iate payment in full. Hawever, L�nder is nat <br /> required to permit reinstatement if: �i} Lender has accep�ed reinstatement after the cammencement �f f�r�clas�.r� <br /> proceedings within tw����years immediately preceding the commencement af a curren#foreclosure proceeding,�ii} <br /> reinstatement vvill pre�lude fareclasure an differen�grounds in th�ftiture,ar�iii�reinstatement will adverse�y affec� <br /> the priority af the 5ecurity Instrument. <br /> 13. Deferral Period Reinstat�me�t.I�a Deferral Feriod cease�or becom�s unavailabl�because a Nan-Borrawing <br /> Spouse no longer sa#isfes th� Qualifying Attr��utes far a Deferral Period and has became an Ineligibl� Non- <br /> Borrowing Spnuse,neith�r the Deferral Periad nor the S�curi�y Ins�rument rnay be reinstated.In the event a J3eferral <br /> Periad ceases because an obligation of the I�Iate,t�ie Laar�Agreement ar this Security Instrumen�'has not bee�m�t <br /> ar the 1�Iote has became eligible to be called due and payab�e and is in default for a reason other than death, an <br /> Eligible Non-Borrawing Spau�e may hawe a Deferra� Period and this Se��arity instrument reinstated pro�ided that <br /> the �Qx�di��on wh�c� �esu�t�d in th� Deferr�I Period ceasing is carrect�d wit�in thirty �3�} �a�rs. A Lender ma� <br /> require �he E�igibie Non-Borrowing Spouse to pay for farec�osure casts and r�asanab�e and customary attorney's <br /> f�es and expenses properly associated with the fvrec�osure praceeding,such casts may not be added to the Principal <br /> Balance, Upar� reinsta�em�nt by an Eligibl� Non-Borrowing Spause, the Deferral Per�od and this �e�urity <br /> Instrument and the obligatians that it secures shall remain in effect as if the Def�rrat Periad had not�eased and the <br /> Lend�r had not requireci immediate payment in fu1�. Howe�er,Lender is no�required to permit reinstatement if: �i� <br /> the Lender has accepted a reinstatement af either th�Deferral Periad or this Security Instrumer�t within the past two <br /> (��years immediately preced�ng the current notification to the Eli�ible Nan-Bo�rrowing Spause that the martgage is <br /> due�n�payable;�ii}reinstatement af either t�e Deferral Period�r this 5ecurity Instrument wil�preclude foreclosure <br /> in �he fu�ure, or (iii} reinstatement af either the Deferral Per�od ar Security Instrument will ad�erse�y affect the <br /> priority af the Security Instrum�nt. <br /> 14. Lien Status. <br /> �A} Madificatian. Borrvwer agrees to extend th�s Security Instrument in accordance with this Faragraph <br /> �4�A}. If Len€�er determines that the origznal li�n status af�he Security Instrument �s jeopardiz�d under state <br /> �aw �inc�uding but not limited to situations where �he amou�� secured by the Security Instrument equals or <br /> exceeds the maximurn principal amaunt sta�ed or�h� maximum period under which loan a�i�ar�ces retain �he <br /> same l�en privrity initially granted�a loan aclvances has expired�and state law permits the ar�ginat lien sta�us to <br /> be rnaintained for future lvan ad�ances through the execution and recordation of one or more dacuments,�hen <br /> Lender shall obtain title evidenCe at B�rraw�r's expense. ��the title evidence indicates that the Fraper�y is not <br /> encurnbered by any Ii�ns �except the First Security Instrument described in Paragraph 15�A}, this Second <br /> Security Instrurnent and any su�ordinate liens that the Lender determines wili alsa be subord�nate ta any future <br /> laan advances},Lender sha11 request the Borrawer to ex�cute any documents nec�ssary ta protect the pri�ri�y of <br /> �he Iien �tatus of future loan advances. Bo►rr�wer agrees ta execute such docurnents. If stat� Iaw dv�s not <br /> perrnit the original tier�status ta be extended to future loan ad�ances,Barrower will be deemed to hav�faiZ�d to <br /> ha�e performed an abligation under this Security Instrumen�. <br /> (B} Tax Deferral Fra�rams. Barrovver shall nnt parti�ipa�e in a real esta�e tax def�rral prograxn, if any liens <br /> � ���,��.���.� <br /> creat�d by the tax deferral are n�t subordinate to this Security I�astrument, <br /> �ne Reverse Mar�gage,LLC LQat�Qriginator;Bruce�Isen <br /> Company-NMLS#:ZU52-Laan Number;3359956673 Laan�riginatar NMLS#:9�2398 <br /> Ne�raska�Zn�Security Instrument(�4djustable� Page 6 of 11 Q Ba,�Dacs,LLC n3141/2�15 <br /> q�33��35�573 '1��2 �33 �S1'� <br />
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