201104519 - Laserfiche WebLink

Browse

�01�04519 paid Tlvs Security lnstrument does not authorize accelerarion or fareclosure if not permitted by regulations of the Secretary. (e) Mortgage Not Insared. Borrower agrees that if tUis Secvrity Instrument and the Note are not determined to be eligible for insurance under the National Housing Act wiUrin 6 0 DAYS from the date her�f, Lender may, at its op6on, reqirire immediate payment in full of all sums sec�ued by this Security Instrumenk A written s�tement of any suthorized agent of the Secretary dated subsequent to 6 0 DAYS from the date hereof, declining to insure this Security Instrument and the Note, shall Ue deemed conclusive pzoof of such ineligi'bility. Notwitl�standing the foregoing, t6is op6on may not be exercised by I.ender when the unavailability of instnance is solely due to Lender's failure to remit a mortgage insur�ce premium to the Sec.retary. 10. Rclnstatement Bonower has a right to be reinslated if Lender has required immediate payment in full because of Borrower's failure to pay an amoimt due under the Note or U�is Security Instrument This right applies even after Foreclosiue proceedings are instituted. To reinstate the Security Inslnmment, Borrower shall tendet in a lump sum all amounts required to bring Bonower' s account cwrent including, to the extent they are obligations of Borrower under this Security Inshwnem, foreclosure costs and reasonable and customary attomeys' fees and expenses properly asaociated with the foreclosure proceeding. Upon reinstatement by Bonower, this Security Instrument and the obligations thaY it sec�aes shall remain in effect as if Lender had not required immediate payment in full. However, Leader is not required to permit reinsiatement if: (i) Lender hes accepted reinstatement after the commencement of foreclosure proceedings within two years immediately preceding the commencement of a current fareclosure proceeding, (ii) reinstateme�rt will preclude foreclosure an different grounds in the fuhu�e, or (iii) reinstatement will adversely affect the priority of the lien created by this Secwity Instrument. 11. Borrower Not Released; Forbearance by Lender Not a Waiver. Extension of the time of payment or modification of aznorti�tion of the swns secured by this Security Instrument gcat►ted by Lender to arry successor in i�erest of Barrower shall not operate to release the liahility of the otiguial Bonower or Borrower's successors in interest I.ender shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amorti�tion of the sums se�,vred by this Securily Inshvment by reason of any demand madeby the origiaal Bortower or Borrower' s successors in interest Any forbearanceby Lender in exercising any right or remedy sha11 not be a waiver of or preclude the exercise of any right or remedy. 1Z. Sncceseors and Assigna Boond; Joint and Several Liability; Co-Signecs. The covenants and agreemeatc of this Secucity Instrumettt shall bind and benefit the successors and assigns of Lender and Boaower, subject to the provisions of paragraph 9(b). Borrower's covenants and agreements shall be joint and several. tlny Borrower who co-signs this Security Instrument but does not exec�rte the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey thaY Borrower' s interest in the Properiy tmder the terms of this Security Instrument; (b) is not personally obligated to pay the sums sec�ued by this Security Instrumen� and (c) agrees that Lender and any other Bonower may agree fo exfend, modify, forbeat or make any acxommodations with regard to the terms of this Security Instrumeat or the Note without that Bonower' s consent 13. Nottces. Any notice to Bonower provided for in this Security Inshvatent shall be given by delivering it or by mailing it by first class mail uoless appHcable law reqaires use of another method The notice shall be directed to the Property Address or any other address Borrower desigaates by notice to Lender. tlny notice to Lender shall be given by first class mail to Lender' s address stated hetein or any address Lender designates by notice to Borrower. tlny notice pravided for ia this Securiry Tnstrument shall be de�me3 to have been given 10 Borrower or Lender when given as provided in flvs Paz'agraPh 14. Governing Law; Severability. This Security Instrumern shall be govemed by federal law and the law of the jurisdiction in wlrich the Property is located. In the event that any provision or clause of this Security Instrument or the Note conflicts with applicable law, such conflict shall not aff'ect other provisions of this Sec�aity Instrument or the Note wtrich can be given effect without the conflicting provision. To tivs end Ure provisions of this Security Instrucnent and the Note are declared to be severable. 15. Borrower's Copy. Borrower shall be given one conformed copy ofthe Note and ofthis Security Ins�trument 16. Hazardons Sabstances. Borrower shall not cause ot permit the presence, use, disposal, storage, or release of any Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyotte else to do, anything affecting the Property that is in violarion of any Emironmental Law. The pre,ceding two setttences shall not apply ta the preseace, use, or storage on the Property oF smail quantities of Hazardous Substances that aze geaerally recognized to be appropriate to norma] residential uses and to maintenance of the Properiy. Botrower shall promptly give Lettder written ttotice of any imestigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private pazty involving the Property aad any Hazardous S�tbstance oz Environmental Law of which Borrower has actual ]mowledge. If Borrower learns, or is notified by any governmental or re�ulatory suchority, that any removal or other remediation of any Aa�dous Substances affecting the Property is nece�acy, Bonower shall promptiy take all necessary remedial scrions in accordance with Environmental Law. As used in Uris paragraph 16, "Ha�ardous Substances" aze those substances defined as toxic or ha�ardous substances by Emironmental Law and fhe followittg substances: gasoliae, kerosene, otker flammable or toxic petrole� products, toacic pesticides and herbicides, volatile solventc, materials containing asbestos or formaldehyde, and radioactive materials. As used in this paragraph 16, "Environmental Law" meaos federal laws and latvs af the jurisdiction wfiere the Property is located that relate ta healti�, safety or environmental protectioa Borrower Initials: � FHA NEBRASKA D� QF TR1lST - M ERS � � NEDOTZ.FHA OSl23/11 page 4 of 7 ww�,,darnBgu.eom QI�I�I I�II II �I IIO I I � I Q 01 I Ilil� ll� � l�