201007926 - Laserfiche WebLink

Browse

20�oo792s from the date hereof, Lendet may, at its option, reyuire iznrnediate payment in full of all sutns secured by this Security Iiasttutnent. A written statemertt of any autktorized agent of the Secretary dated subseyuent to 6 0 DAYS from the date hereof, declining to insure this Security Instrument and the Note, shall be deemed conclusive proof of such ineligibility. Notwithstanding the foregoing, this option tnay not be exercised by Lender when the unavailability of insurance is solely due to Lender's failure to reznit a mortgage itxsurance pretnium to tl�e Secretary. 1Q. Reinstatement. Borrower has a right to be reinstated if Lender has required imtnediace paymetat itt full because of Borrvwer's failure tp pay an amount due under the Note or this Security Instrument. This right applies even after foreclosure ptoceedings ate instituted. To reinstate the Secutity Instrurrient, $orrower shall tender in a lump sum all amounts required to bring Borrower's account current including, to the exteut they ate obligations oF Borrower under this Security Instrument, f'oreclosure costs and reasonable and customaty attorneys' fees atxd expenses properly associated with the foreclosure proceeding. Upon reia�statement by Borrower, this Security Instrument and the obligations that it secures shall remain in effect as if Lender had not requited immediate payment in full. llowever, Lendar is a�ot required to permit reitastatement if: (i) Lender has accepted reinstatement atter the commencement of foreclosure proceedings witliin two years immediately preceding the commencement of a cuttent foteclosute ptocaeding, (ii) reinstaternent will preclude foreciosure ora different �rounds in the f'uture, or (iii) reinstatement will adversely affect the priority of tlie lien created by d�is Security Izistxu�nent. 11. Borrpwer Not Released; Fprbearance by Lender Not a Waiver. Extension of the time of payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to any suc:cessor in interast of f3orrower shall not operate to release the liability of the origiaaal Borrower or Borrower's successors in interest. Lender shall not be required to cpmmence proceedin�s against any successor in intetest ot refuse to extend time for payment or othetwise modify amottization of tl�e sums secured by this Security lnstrument by reasou of any demand made by the original f3orrower or 13arrower's successvrs iu intereat. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 12. Successors and Assigns Bound; Joint and Several l.,iabilily; Co-Signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lend�r and $orrower, subject to the provisions of para�;raph 9(b). Borrower's covenants and agreernents shall be joint and several. Any Borrower who co-signs this Security lustrument but does not execute the Note: (a) is co-signit�g this Security lnstrumerat only to mort�age, grant and convey that Borrower' s interest in the Property under the terms of this 5ecutity Instrument; (b) is not personally obligated to pay the sums secured by this Security Iustrument; and (c) agrees that Lender and any pther Borrower may agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security lnstrument or the Note without that Borrower's consent. 13. Notices. Any notice to Borrpwer provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail unless applicable law tequires use of anothet makhod. 'I'he notice sh�ll be directed to the Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to Lender's address stated herein or any address Lender designates by notice to I3ortowet. Any notice provided for in this Security lttstrumea�t shali be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 14. Coverning Law; Severability. This Security Iristrument shall be governed by federal law and tl�e law of the jurisdiction in which tl�e Property is located. In the event that any provision ot clause of this Security Insttument or the Note contlicts with applicable law, such coraflict shall ttot affect other provisions of this Security Instrument or tlie Note wliich can be given effect witliout the conflicting provision. To this end tha provisions of this Secuzity instrument and the Note are declared to be severable. 15. Sorrower's Copy. Borrower shall be given one conf`ormed copy of the Note aud of this Security lusttument, 16. liaz�rdous Substances. Borrower sl�all uot cause or permit the presence, use, disposal, storage, or release pf flny Hazardous Substances on pr in the Property. Borrower shall not do, nor allow auyone else to do, anything affecting the Property that is in violation of any Environmental Law. Thc preceding two sente►aces shall not apply tv the presence, use, or storage on the Prpperty of small quantities of Hazardous Substances that are generally recognized to be approptiate to normal tesidential uses and to tnaintenance of the Ptoperty. Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or otlier action by any governmeutal ot tegulatory agez�cy or private patty invvlvitig tlie Property and any Hazardous Substflnce or Environmental Law of which Borrower has actual knowledge. If Borrower learns, ot is notified by atay governmental or regulatory authority, that any removal or otl�et temediation of atty I�azardous Substances flffecting the l'roperty is necessary, Borrower. shall promptly take all necessary remedial actions in accordatace with �nvironmental Law. As used in this paragraph 16, "Hazardous Substances" are those substances de��xed as tpxic qr hazardous substances by �nvitontnental Law and the followirtg substauces: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials cot�taiati�ag asbestos or formaldehyde, and tadivactive rnatetials. As used it� this paragraph 1(, "Environmental Law" means federal laws and laws of the jurisdiction where the Propetty is located that telate to health, safety ot etzvitoa�n�ental protection. NON-UN11=0RM COVFJVANTS. Borrower and Lender further covenant and agtee as follows: 17. Asslgnment of Renls. Borrower unconditionally assig�a�s and transfers to Lender all the rents and revenues of the Property. Borrower authorizes Lender or Lender's agents to collect the rents and revenues and kaeceby directs each tenant of the Properky to pay the rents tv Leud�r or Lender's agents. I�owever, prior to Lender's notice to Borrower of Boxrower's breach of any covenant or agreemerat in the Security Instrument, Borrowet shall collect and Borrower Initials: f, �` � � �� FHA NEBRASKA DEE[7 OF TRUST - MERS NF.DOTZ.FHA 11/01/08 Page 4 of 7 �170CM.7��C �rY9XTi71.RJ'p 8tl0-849-7362 www. docmagk. com