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201008179 <br />the same tien priority inikially granted ta I�n advances has expired) and state law permits <br />the oripinel lien slatus to be maintained for tuture ban advance� thr+augh the eocecution <br />and reoordatlon �f one or rnore ciocumer�, then Lender shall obtaln tltie evid� at <br />Borrvwer's axpense. 1� the titla eniidence indica#es that the Propar'� � rwt encumbered <br />6y any �ens (except the F�st Seauity instrument described in Par�graph 13(a), this <br />Seocnd Security Insttumer�t and any subdrdinate liens that the Lender detertninea wiN <br />�Iso be subvndlnete b any future ban advance�), Lender sh�qreq uest the 8otrower M <br />execute any documents neoessary � proteat the li�n status of tuture ban adva�. <br />�orrower a�rees to execute such documeMs. If stata Igw daes not pem�it 1he originaf lien <br />statua ta be extended to future Ioan advar�s, Bcyrravrer wiA be d�med to have fade�d to <br />have per�ormed an obfigatinn under this Secu�iiy Instrument. <br />(b) Ta�c Ds1�ms1 Pro�r�ms. Borrower shell not p�rticipate in a r�l estate tex deferral <br />prvgram, if aml lietts a�ated by the tax defenal are rwt su6orclir�ate to this Sec:urity <br />Instrument. <br />(a) prfor Lisns. Borrower shsll prtimptly discherge ar�y lien wh(ch hs�s prb�ity over this <br />Securily Ir�strumerrt unless Borrower. (a) a�rees in writing ta the paymerrt of tlte <br />obNgation �ecured by the lien in a manner acveptable ta I.ander; (b} contests in gaod faith <br />the lien by� or defends apainst enfarcement of the lien in, leg�l proceeding� which in the <br />L�tders opinbn operate to pr6nrent the eMorcement o1' the lien or f�orteiture of any �rt <br />of the Property; or (c) secures from the h[�ider of the lien an agr+�emer�t satisfac�nry to <br />4�nder subor+dinating the lierti b all ampurrts sec�red by th�s 5ecurily Instrument. If <br />Lerider determines that any part of the Properly is subject to � lien which may attain <br />P�'��Y over this Sea��ity Inistrumer�t, Lender may pive Somower a rwtice identifying the <br />lien. Bpn+Dwer shail satlsty the lien or t,�k� one or rr�re af the adtons set iorkh above <br />within 10 days nf the giving of notica. <br />1S. Rrl�tianshlpto Flrst Sacurfly InstrurrMnt. <br />(a� S�cand 8scu InstwmMnt. ln order �n sec:una peym�ts which the Secretary may <br />make 1a vr on b�if of Borrower pursus�r�t bn Sectinn 255(i)(1xA) of the Netbnel <br />Hous gAd and the Lvan Agreement, the Seaetary has required Ba�ower to eocecute a <br />Seoor�id Note and this Sec�nd SecuMy InshumaM. Bbrrower also has executed a First <br />Note and First Security► Instrume�t. <br />� h) Rel�tionship of Flrst and Sacond Svcurity Insht�msnti. Payments made by the <br />ecx+�tar�� shaY not be included in the debt under the First Note unless: <br />� �) The First Security Insttument is assigned � the Secretary; or <br />ii) The Sacrretery accepts re�mbursement by the holder of the �irst Note for all <br />paYmer�ts made by the Secne ty. <br />If the dr�cumstarx:es descxibed in (i) or (q) occur, ther► all paymerrts by the Secr+atary, <br />lndudirp interast on ths p�ymeMs. but excludir� late cher+�es paid by the Secretary� <br />sh�li he NtdMuded in the debt urxier the First Nate. <br />� c E11�SCt on Barrovrer. Wt�re tl�ere is na assi�nmeM o� reimbursement as descri6ed in <br />b�(i) or (ii) and th� Secretary mekes payments ta Bortow�. then Borrower shall not: <br />(i) Be required tn pe�y amaur�ts awed undor the First IVote, ar pey any rsr�ts and <br />revenues of the Prapariy under Paragraph 79 to the hakter af the Fir�t Nota ar a <br />reaeiver of the Properly, utrtil the Secr+�tary has required payment in TuN ot a11 <br />outst�nd1rg prindpel and acar�red lritere�t under the Seco� Note; ar <br />(il) Be abpgated ta pay interest or sh�red appr�datbn under the First Note at ar�yr <br />#ime. wheth�r accn�ed betnre ar aQer the peyments by the Secretary, and whether ar <br />rwt acr.�ued �rterest has been induded in the prinapal b�alance under ihe �irst Note. <br />(d) Na DW�I of tl� Sacrotary. The Secretary Ft�s na duty to the hnlder of the First Nate tc <br />anforoe covenarrts af the Seoond Security Instrumerrt or b take actbns to pneserve the <br />value af the Pmpe�ty, even thouph the holder of the First Note may be unable ta oollect <br />amow�s owed under the First Note because nt restrictians in this Paragraph 13. <br />(�) RssMctlansa�t En�arcem�eM.Nofinrithstanding anythin� else in this Securily <br />(�trument� the Borrower sh�N r�t be obligated �a wmply wlth fhe oovenants hereof. and <br />Parapraph 19 �ha� have rw fam.e atxi et'fi�ct. whenever there is no outstandirg �lanc� <br />under the Seoond Note. <br />14. Forhsa�anaM�y Lsnd�Not a Waiwr. Any forbeerance by Lender �n exerdsln� any rigM <br />ar remedy slmN n�t be a waiv� of ar predude the exerase af arry right or remedy. <br />R�st Am�rWrw� Ltw Prod4oYon 8Mr1oM <br />C 2�08 Fllst Mr�k�1 FqN C�Irw BaIY�oIM LLC <br />FALP811 UBix WJG� WA�FL �BeOBNE Uoo Id: DON6 <br />�5 <br />Il�brr�ka FIFCM 8�opd 8rdri�t IwY�xrrnl <br />� <br />