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201100257 <br />the same Ilen priorHy initially granted to bmn advances has expired) and state law permits <br />the original lien st�tus to be maintained far future loan advanaes thr+�ugh the execution <br />and recondation of one or mare dncuments, then Lender sheli obtain title ev�ence at <br />Borrowers expense. If the titla evk}enca indicates that th� Prope�y is not encumbered <br />by any liens (except the First Security Instrument described in I�ar�graph 18(a), this <br />Second Security Instrument and any sub�rdinate liens that the Lender determines will <br />also be suhor+dinate to any future ban adv�nces), Lender shallreq uest the Barrower to <br />execute any dacuments necessary to protect ihe lien status af tuture ban advances. <br />Borrowar ggrees to execute such documents. If state law does not pe�mit the original lien <br />s#atus to be �xtended to future loan advances, Borrawer will be deemed to have failed to <br />have perFormed an oWbatlan under this Security Instrument. <br />(b) Tax Dafl�r�1 Proprams. Barmwer shall nat particlpaie In a real estate ta�c deferral <br />program, if any liens created by the tax deferr�l are not subordinate ta this Security <br />Instrument. <br />c) Prior Ltsns. Borrower shall promptly discharge any lien which has priority over this <br />ecurity Instrument unless Borrowsr. (a) agrees in writing to the payment of the <br />obligatian secured by the lien in a manner acceptable � Lender; (b) auntests in goad faith <br />the lien by, or defends a�ainst enforcement of the lien in, legal proceedings which in the <br />Lender's opinbn operate to prevent the eriforcemer�t of the lien or fnrtelture of any part <br />af the Property; or (c) secures from the holder of the lien an agreement satisfactory to <br />Lender subordinating the lien 10 all amounts secured by this Securiiy Instrument. If <br />Lender determines that any part of #he Property is subject to a lien which may attain <br />priorily over this Security Inatrument, Lender may give Borrower a notice identitying the <br />lien. 9arrower shall satisfy the lien ar take one or more af the adions set forth akyove <br />within 10 days of the givin� of natice. <br />13. Rslatlon:hlpto FlrstSecuritylnstrument. <br />(a) �cond Security �Instrumant. In arder ta secure payrnents which #he Secretary may <br />make to or on behalf of Borrower pursuar'�t to 5ectbn 255(i)(1)(A) of the National <br />Houslng Act and the Loan Agraement, the 5ecr�tary has required Bortnwer to execute a <br />Second Note and this Seoond Security InstrumeM. Bornawer aiso has executed a Firs# <br />Note end First Security Instrument. <br />b) Rels�tlanship of First and Sscond Socurity In:trunwnts. Payments made by the <br />ry shaN nat be included in the debt under the First Note unless: <br />(i) The First Security Instrument is assigned tv the Secretary; or <br />(ii) The Secretary accepts reimbursement by the holder pf the �irst Nate for all <br />payments made by the Secretary. <br />If the circumstances d�cribad in (i� or (ii) occur, then all paymen#s by the 5ecretary, <br />including interest on the payments, but exduding late charges paid by the Secretary, <br />shall 6e included ih the debt under the First Nate. <br />c) �ff�rct an Borrower. Where there is na assignment ar reimbursement as desr.�ibed in <br />bxi) or (ii) and the 5ecretary makes paymerrts � Borrower, then Bprrower sh�l! not: <br />(i) Be required to pay amount� owed under the First Pbte, or pay any rents and <br />revenues of the Property under Pars�graph 19 to the holder of the First Nnte or a <br />receiver of th� Property, uMil the Secretary has required payment in 1"ull oi all <br />outstanding prinapa) and accrued interest under the Secvnd Note; or <br />(ii) �e obligated to pay frrterest or shared apprec�atinn under the First Note at any <br />time, whether accnied befare ar after the payments by the Secretary, and whether or <br />not accrued interest has been included in the principal balance under the First Note. <br />(d) No Duty of !hs Secrofary. The Secretary has na duty to the holder of the First Note ta <br />enforoe covenants of the Seoond 5ecurity Instrumerit or #o take actions ta preserve the <br />value of the Prvperty, even though the hnkler of the First Note may be unable ta collect <br />amounts owed under the First Note because of restrictbns in this Paragraph 13. <br />� a) R�strictionson Enfomerr�ntNotwithstanding ariything el�e in this Security <br />nsWment, the Bamnwar shafl not he abligated to oomply with the covenants hereof, and <br />Paragraph 19 shall have no force and effect. whsnever there is no outstanding balance <br />under the Seoond Note. <br />14. Forbaaranaeby LenderNot a Walver. Any forbearance by Lender in exerr,ising arry right <br />or remedy shan not be a waiver of or preGude the exercfse af any right or remedy. <br />�nt M�ie�n I.a�n Pmduetla� 8�rviaw . ,,, hl�brpka HECM S�W $�Gtn'�r InrhmNnt <br />O�D08 Firtt /lrrnikyn Rwl Faew Soiulien� I.LC <br />FALPSN U912: OU06 NMFL /8B08NE Dx Id: QQNE Peps b <br />„ � <br />i� <br />