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201005158
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Last modified
7/26/2010 3:12:49 PM
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7/26/2010 3:12:49 PM
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201005158
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Zoloosiss <br />reasonable and customary aitomeys' foes end expenses property associated with the tmecabsure <br />proceeding shad 6e added to the prirtapal balance. Upon reinsthtement by Harrower, this Security <br />Insttumer~t and the obl'tgatbns that it secures shall remain in affect as ff 4ender had not requin3d <br />immediate payment in full. However, Lender is not required to permit reinstatement if: (i) Lender <br />has accepted retnstatement after the commencement of for+eClosure proceedings within two years <br />immediately preceding the commencement of a current faredoaure proceeding, (ii] reinstatement <br />will preclude foreclosure an different grourxis in the future, or (iii) retnstatement will) adversely affect <br />the pna~ty of the Security Instrument <br />~2. Lien Status. <br />~a) Madiftcation.BotTnwer agrees to extend this Security Instrumenrt in accar+dance with this <br />aragraph 12{a). If Lender detetmirtes chat the original lien status of the Security Instrument <br />is feopar+dized under state law (including but not limited th situations where the amount <br />secured by the 5ecuri Instrument equals or exceeds the maximum principal amount stated <br />ar the maximum perio~ under which ban advances retain the same Iten pnority initially <br />granted to loan advances has expired) end state law permits the original lien stales to be <br />maintained for future loan advances through the execulton and recordation of one or mare <br />documents, then tender shall obtain title evidence at Borrower's expense. If the title <br />evidence Indicates that the Property is not encumbered by any liens except this Security <br />Instrument, the Second Security Instrument described in Paragraph 3{a) and any <br />subandirtate liens that the Lender determines will also be subordinate to any future <br />ban advances), Lender shall request the Borrower to execute any documents necessary to <br />protect the ken status of future ban advances. Borrower agrees to execute such <br />documents. If state law does na1 permit the original lien status to be extended to fu#ure ban <br />advances, Borrower will be deemed to have failed to have pertormed an abligatian under <br />this Secar~rty instrument. <br />(6) Tax Deferral programs.l3orrower shall not participate in a real estate tax deferral <br />pprogram, if any liens created by the tax deferral are rat subordinate to this Security <br />lnstiument, <br />(c) PrlarLiens. Borrower shall promptly discharge anx lien which has priority aver this <br />Security Instrument unless Bannwer: (a) agrees u't writtn is the payment of the obligation <br />secured by the lien in a manner acceptable tv Lender, (b~ castes#s in goad faith the lien by, <br />ar defends against ertfarcement of the lien in, legal proceedings which in the Lender's <br />opinion operate to prevent the enfvrcemerrt of the flan or forfeiture of any part of the <br />Property; or (c) secures from the holder of the lien an agroeemartt satisfactory to Lender <br />suborclinating the lien to all amounts secured b this Security Instrument. If Lender <br />determines that any part of the Property is sub~ect to a lien which may attain priority aver <br />this Security Instrument, Lender may grve borrower a notice identifying the lien. Borrower <br />shall satisfy the lien ar take arts or more of the actbns set Earth above within 10 days of <br />the giving of notice. <br />13. Relatianshipta 3ecand Security Instrument. <br />fa) 5eoond5ecurttylnstrument.In order to secure a ants which the Secretary may make <br />floc or on behalf of Borrower pursuant to Section 255(1 'i~(A) of the National Housing Act <br />and the Loan Agreement, the Secretary has required orrower to execute a Second Note <br />and a 5eaand curtly Instrument an # e Property. <br />(b} Relationshipaf Firstand Second Security Instruments. Payments made by the Secretary <br />shall net be included in the debt under the Note unless: <br />~r This Security Instrument is assigned to the Secretary; ar <br />{iij The Secretary accepts reimbursement by the Lender for all payments made by the <br />sSecretary. <br />If the arcumstances described in {'r) ar (ii) occur, then all payments by the Secretary, <br />including interest an the pa masts, but excluding late charges paid by the Secretary, shall <br />be included in the debt under the Note. <br />c Effect nn borrower. Where there is rto ass~gnrnent or reimbursement as described in <br />#b~(i} ar (ii) and the Secretary makes payments to Borrower, then Borrower shall net: <br />(i) Be required to pa amounts owed under the Nate, ar pa any rents and revenues of <br />the Properly under Paragraph 19 to Lender ar a receiver of the Property, unlit the <br />Secretary has required payment in full of all or.rtstandirtg principal and accrued interest <br />under the Second Note; ar <br />First American Loan Production Services Netxasica HELM Secuhty tnsinment <br />Q 20UB First Arrrerfcan teal t=state 5olupons LLC <br />FALPS -F I.JB04 : 05106 Page ~ <br />IMMFL t78807NE (C~~NE) <br />
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