My WebLink
|
Help
|
About
|
Sign Out
Browse
201107326
LFImages
>
Deeds
>
Deeds By Year
>
2011
>
201107326
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/9/2011 10:53:09 PM
Creation date
10/4/2011 8:55:47 AM
Metadata
Fields
Template:
DEEDS
Inst Number
201107326
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
9
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
2 4�i0�32G <br />(i) All or part of the Properiy, or a beneficial interest in a tntst owning all or part of the Property, is sold <br />or othcrwisc transfcrrcd (othcr than by dcvisc or dcsccnt), and <br />(ii} The Property is not occupied by the purchaser or grantee as his or her principal residence, or the <br />purchaser or grantee does so accupy the Property but his or her credit has not been approved in <br />accordance with the requirements of the Secretary. <br />(e) No Waiver. If circumslance;; occur thal would permit Lender lo reyuire immecliale paymenl in full, bul <br />Lender does not require such payments, Lender does not waive its rights with respec;t to subsequent events. <br />(d) Regulations of HUD Seeretary. In many circumstances regulations issued by the Secretary will liinit <br />Lender's rights, in the case of payment defaults, to require immediate payment in full and foreclose if not <br />paid. This Security Instrument does not authorize acceleration or foreclosure if not permitted by regulations <br />of thc Sccrctary. <br />(c} Mortgage Not Insured. Borrower agrees that if this Security Instrument and the Note are not determined <br />to be eligible for insurance under the National Housing Act within 60 days from the date hereof, Lender <br />may, at its option, require immediate payment in full of all sums secured by this Security Instrument. A <br />wrillen slatement of dny authorired ugenl of lhe Sec:retary duted suhseyuenl to 6t) days from lhe dule hereof, <br />declining to insure this 5ecurity Instrument and the Note, shall be deemed conclusive proof of such <br />ineligibility. Notwithstanding the foregoing, this option uiay not be exercised by Lender when the <br />unavailability of insurance is solely due to Lender's failure to remit a mortgage insurance premium to the <br />Secretary. <br />10. Reinstatement. Bortower has a right to bc rcinstatcd if Lcndcr has rcquircd immcdiatc paymcnt in full <br />because of Borrower's failure to pay an amount due under the Note or this Security Instrument. This right applies <br />even after foreclosure proceedings are instituted_ To reinstate the Security Instrument, Bonower shall tender in a <br />lump sum all amounts required to bring Borrower's account current including, to the extent they are obligations of <br />Burrower under this tiecurily Instrumenl, fore�:losure costti and reasonable and customary atlorneyti' reeti and expenses <br />properly associated with the foreclosure proceeding. Upon reinstatement by Borrower, this Security Instrument and <br />the obligations that it secures shall remain in effect as if Lender had not required iimnediate payuient in full. <br />However, Lender is not required to permit reinstatement if: (i} Lender has accepted reinstatement after the <br />commencement of foreclosure proceedings within two years immediately preceding the commencement of a current <br />forcclosurc procccding, (ii} rcinstatcmcnt will prccludc forcclosurc on diffcrcnt grounds in thc futurc, or {iii) <br />reinstatement will adversely affect the priority of the lien created by this Secwity Instrument. <br />11. Borrowcr Not Rcicascd; Forbearance By Lcnder Not a Waivcr. Extension of the time of payment or <br />moditication of amortization of the sums secured by this Security Instrument granted by Lender to any successor in <br />inleresl of Borrower shull nol operate lo relestie lhe liability of lhe original Borrower or Borrower's successor in <br />interest_ Lender shall not be required to coinmence proceedings against any successor in interest or refuse to extend <br />titne for payment or otherwise modify amortization of the smns secured by this Security Insttuinent by reason of any <br />demand inade by the original Borrower or Bonower's successors in interest. Any forbeatance by Lender in exercising <br />any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. <br />12. Successors and Assigns Bound; Joint and Several Liability; Co-Signers. Thc covcnants and agrccmcnts <br />of this Sccurity Instrumcnt shall bind and bcncfit thc succcssors and assigns of Lcndcr and Bonowcr, subjcct to thc <br />provisions of paragraph 9(b). Borrower's covenants and agreements shall be joint and several. Any Bonower who <br />co-signs this Security Instniment but does not execute the Note: (a) is co-signing this Security Instrument only to <br />mortguge, granl and convey that Borrower'S inleretit in lhe Property under the terms of lhis �ec;urity Instrument; (b) <br />is not personally obligated to pay the sums secured by this Security Instrument; and (c) ag,rees that Lender and any <br />other Bonower Luay agree to extend, modify, forbear or make any accominodationswith regard to the ternis of this <br />Security Instrument or the Note without that Borrower's consent. <br />��-4R(NE} �sso�> Page 5 of 8 Initials: ��!� <br />
The URL can be used to link to this page
Your browser does not support the video tag.