201100256 - Laserfiche WebLink

Browse

201100256 re�sonable and customary attomeys' fses and expenses property assar,iated with the forecbsure proceeding shall be added to the principal bal�nce. Upan reinstaternent 6y Borrower, this Security Instruma ►Nr t and the abligations that it secures shall remain in effect as if Lender had nat required iromediate payment in full. Wowever, Lender is no# required #o permit relnstatement if: (i) Lender has accepted �einstatement afte� the oammencement af foreciosure proceedir�gs wi�in fiero years (mrnediateIy precedtng the cammencemerrt of a current forecbsure prnc�eding, (li reinstatement will preciude farecbsure dn d�fferent grounds in the ivture, or (iii) r+einstatement wi I adversely affect the prio� af the Secwity Instrumer�t. 12. L sn Status. (a) Modification. Borrower agrees to extend this Security instrument in accoMance with this Para�raph 12(a). If l.ender determine� that the original lien status �f the Security Instrument is jeopardixed under state law (including but not limited to situa#ions where the amount secured by the Security Instrument equals or exceeds the m�ximum �rinc�'pal amount stated ar the maxlmum pennd under which ban advances retain the same uen priarity initially granted to loan advances has expired) snd state law pannits the original lien status to be maintained for future loan advances thrnugh tha executbn and recordation pf one or more dacuments, then Lender shall obtain title evidence at Borrowers expense. If the title evldenoa indicates th�t the Property is not encumbered by any liens (except this Security instrument, the Seoond Security instrumerrt described in Paragraph i3(a) and arry subordinate liens that the Lender deterrnines will also be suhordinete to any future ban advances), Lender shall request the Borrower to execute any documerits necsssary to pr�tect the Iten status of future ban advanc:es. Borrower agrees fo execute such dqcuments. If state law dnes not permit the an'ginal lien status to be extended ta future ban advances, 8omawer wiil be deemed to have iailed fio have pertormed an obligation under this S Instrument. (b) Tax De rral Pro�rams.Borrower shall not participate in a r�l estate tax deferral P rogram� if any liens created by the tax deferrat are not subordfnate to this 5ecurity nsfrument. c) PriarLians.Borrower shs�l) prompity disc�ar+�e any lien which has priar�'ty over this rity Instrument unress Bornawer: (a) agrees m wrif� b the payment af t�e obl�ation sewred by tha lien in a rttianner acceptable tio Lender; (b� coMests in good faith the ien by, or def�ends against eMorcement of the lien in, legal procsedi s whic� in the Lenders opinion operate to prevent the enfi�rcement of the lien or fort�ure of any part of the Prope�ty; or (c secures irom the holder af the lien an agreement satisfactory to Lender subordinating e lien to all amounts securecl by this Security Ir�strument. If Lender determines that arry part of the Proparty is sub�ect to a lien which may attain prbrity aver this Security Instrument. Lender may give Borrower a notice identifying rite lien. Borrower shali satisfy the lien or take one or more of the actions set forth above within 1Q d�ys of the giving af notice. 13. Relationshi Second Secuiity Instrumant (s) Sscon Sscurity Instrumen� In arder to secure ments which the Secretary may make {v or on behalf of Borrower Fwrsuarri to S�tian 255(��(A) af the Nai"�onal Housing Ac1 and the Loan reemer�t, the Secretary has required orrower ta execute a Seannd Nate and a Seoond�ecurity InstrumeM on the Property. (b) Rslationship4f Firstand SecondSecuritylrpctruments.Payments made 6y the Secretary shall not be included in the debt under the Note unless: (f Thi� Securiiy InsVument is assigned ta the Secretary; or i( ) The Secretary acaepts reimbursement by the Lender for all peiymeMs made by the Secretary. If the dreumstan�s d�cribed in (i) or (ii) occur, then all payments by the Secretary, inGuding interest on the p�ymeMs, but excluding tate charges p�fd by the Secretary, shall be induded in the debt under the Note_ - c E�tect on Borrovrer. Where there is no ass'�gnment or reimbursement as d�cribed in b i) or (ii) and the Secrstary makes payments to Bor�wer, then Borrower shall not: (i) 8e required � pay amounts owed under the Nat�, o� pay any rents arxi revenues of �ie Property under Paraaraph 19 to Lender or a receiver af the Property, unw the Secretary hasreq u�red payment in full of all outstanding principal and acc�ued interest undar tha Sacand I�te; or Fkst Amedcen Loan Pr+od�,clfon servk:a� Na6ra�iCa F1ECM searllp tr+etrun,ent (�7 2008 Fh�st M�k�n Resl Estete Sdutf�vns LLC FALPS # 11E�Q4 : O:�IDB P � 5 � NMFl. i18807NE. (QFN� � . . ,. .. . � �