Laserfiche WebLink
<br />200900405 <br /> <br />(ii) The Property is not occupied by the purchaser or grantee as his or her principal residence, or <br />the purchaser or grantee does so occupy the Property, but his or her credit has not been approved <br />in accordance with the requirements of the Secretary. <br />(c) No Waiver. If circumstances occur that would permit Lender to require immediate payment in full, <br />but Lender does not require such payments, Lender does not waive its rights with respect to subsequent events. <br />(d) Regulations ofHUD Secretary. In many circumstances regulations issued by the Secretary wil1limit <br />Lender's rights, in the case of payment defaults, to require immediate payment in full and foreclose ifnot paid. This <br />Security Instrument does not authorize acceleration or foreclosure ifnot permitted by regulations of the Secretary. <br />(e) Mortgage Not Insured. Borrower agrees that if this Security Instrument and the Note are not <br />determined to be eligible for insurance under the National Housing Act within 60 days from the date hereof, Lender <br />may, at its option require immediate payment in full of all sums secured by this Security Instrument. A written <br />statement of any authorized agent of the Secretary dated subsequent to 60 days from the date hereof, declining to <br />insure this Security Instrument and the Note, shall be deemed conclusive proof of such ineligibility. <br />Notwithstanding the foregoing, this option may not be exercised by Lender when the unavailability of insurance is <br />solely due to Lender's failure to remit a mortgage insurance premium to the Secretary. <br />10. Reinstatement. Borrower has a right to be reinstated if Lender has required immediate payment in <br />full because of Borrower's failure to pay an amount due under the Note or this Security Instrument. This right <br />applies even after foreclosure proceedings are instituted. To reinstate the Security Instrument, Borrower shall tender <br />in a lump sum all amounts required to bring Borrower's account current including, to the extent they are obligations <br />of Borrower under this Security Instrument, foreclosure costs and reasonable and customary attorneys' fees and <br />expenses properly associated with the foreclosure proceeding. Upon reinstatement by Borrower, this Security <br />Instrument and the obligations that it secures shall remain in effect as if Lender had not required immediate payment <br />in full. However, Lender is not required to permit reinstatement if: (i) Lender has accepted reinstatement after the <br />commencement of foreclosure proceedings within two years immediately preceding the commencement of a current <br />foreclosure proceeding, (ii) reinstatement will preclude foreclosure on different grounds in the future, or (iii) <br />reinstatement will adversely affect the priority of the lien created by this Security Instrument. <br />11. Borrower Not Released; Forbearance by Lender Not a Waiver. Extension of the time of payment <br />or modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor <br />in interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successor in <br />interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to extend <br />time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of <br />any demand made by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in <br />exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. <br />12. Successors and Assigns Bound; Joint and Several Liability; Co-Signers. The covenants and <br />agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, <br />subject to the provisions of Paragraph 9(b). Borrower's covenants and agreements shall be joint and several. Any <br />Borrower who co-signs this Security Instrument but does not execute the Note: (a) is co-signing this Security <br />Instrument only to mortgage, grant and convey that Borrower's interest in the Property under the terms of this <br />Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) <br />agrees that Lender and any other Borrower may agree to extend, modify, forbear or make any accommodations with <br />regard to the term of this Security Instrument or the Note without that Borrower's consent. <br />13. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering <br />it or by mailing it by first class mail unless applicable law requires use of another method. The notice shall be <br />-directed to the Property Address or any other address Borrower designates by notice to Lender. Any notice to <br />Lender shall be given by first class mail to Lender's address stated herein or any address Lender designates by <br />notice to Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to <br />Borrower or Lender when given as provided in this Paragraph. <br /> <br />Nebraska Deed of Trust <br />FHA MERS Modified <br />The Compliance Source, Inc. <br />www.compliancesource.com <br /> <br />Closing <br /> <br />Pal:C 5of8 <br /> <br />54301NE 02102 Rev. 04/08 <br />iD2002, The Compliance Source, Inc. <br /> <br />11111111111111111111111111111111111111111111111111 <br />1 1 190 7 1 204 <br />