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201108939
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201108939
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Last modified
12/1/2011 3:05:22 PM
Creation date
11/30/2011 8:57:48 AM
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DEEDS
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201108939
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�0�10893� <br />,A�y amou�a disbursed by Lender nndar tf�is paxagraph �hall became en additionel debt of $orrower �d bo <br />s��ad by this Se�urity insmImeat. These smounts shall bear iatareaC i�am� the date of d�ssburseme3�c, at the <br />Nate rat+e, and e� the opdon of Lender, shsll be immediately due and payable. <br />Horrowor ahaii promp�iy dischaz�e pay liea which has prlority over thie 5ecvrity Inst�vmeat nale9s Borrower <br />(s) agrees m wtiring m the payment of the obligation secared by rhe l9en in a menner acc�fable m I.andetc; <br />(b) contest� fn good �Sith the lisn by, or defends agaiast enforceme�cc of rhe lien i�n, legal proceediags which <br />fn the L,eader's opinion Oporate ta prevent the enforcement of the Iian; or (c) secures from the holde�c of tha <br />l�et� an a,greement sadsfactory to Lender subordiraadag the Iien to this Security �s�ent. If X�ier <br />determinas tha� sny gart of the Properiy is subject to a Ii+�u which may s�� prioiity ovor t�is Secwrlty <br />Instsum�nt, L,�nder may give Borrawex a aatic� id�ntifyiIIg the u�t. �onower shall satfsfy the lien or tRke <br />a� ar more vf tb� actioas set farrh above vu3thin 10 days af the giviag af norice. <br />8. Fees. Lender m�y eollect fe,es and ch�rges authtniz� by the �cr�tary. <br />9. droun�is for A�celQration of aebt. <br />19} Default. Lend�x may, axcepE as l�mited by regulations issued by tbe 5ecretary, in thg s�se af payment <br />default�, require immediate payment in Lu11 of aII sums socured by t�is Seaurity Instxument if: <br />(i) Borrower defaults by fa9lmg w pay in fall any monthlY Fay�nent required bY this Secwricy <br />Znstrum�at prior W or on the due t1A4� of the next �ltontbly payme».t, Or <br />(�i� Borr�wer defaults by fa3lin,�, foz a period of tlairty days� to perfoffi any ot�r obii�ions <br />contaixted in this Securiry Instrumen� <br />{b1 S�ie Wt#hout CredPt Approv�l, L.eader sl�all, if permitt�i by a�pl�cal�Se Iaw (includin� S�c�ion <br />341(d) nf the Garn•St. Germain bepository Irlstinntions Act of 1952, 12 tT,S.C. 1701j-3{d)) and vu9t1� <br />tlie prior appraval of the Secreiary, raquire i�mediate ga.y�t in tull of all s�s seCUled by thi5 <br />Security Insitu�ment if: <br />(i) All or patt of tbe Fmperty, or a be�aeficiel lmteres� in a trast owning $11 or p�t of the Proparty, is <br />sold or o�herwise trmns�errexl (other than by devise ox flescent), and <br />��) 'T'he Properry f� not occupied by the puxc�aser or gzantee as his or her prinoi�a� rasidenr�e, or rhe <br />puxc�eser or �raar.ee do� so ocCupy tha Frbperty but hi9 Or her cred.it has aot beau approeed in <br />accordenca wlth the t�qnirements of the Secretary. <br />Ica) IVo Waiver. If cirwmstenc�s accwr that would permit Lender ta require �zn�diata paynneai in fi�ll, buL <br />Y�der does aot requira such payments, T�endar does not waive its rights wYth raspect to subsequent <br />avents. <br />{d) Re�ufetians of HUD Seeret�ry. Xx� maQy circit�stsnces regvlations issued by the Sacrecary will Ii�sdt <br />L�nder's rfghts, ia rhe case vf p�yment defaulrs, to zequire ivaamedieta paymeat in full �nd foreclose 1F <br />nai paid. Thxs Security Ins�ru.ment does not suthorize acceleration or fore�lasure i� aat peim�d by <br />regulations of tfle Sersetary. <br />te) Mortge�ge Not Insured. Borm+�rer sgre� that i� this SeciaiYy Irsstn�tent a�d rhe Note 8re not <br />determine�tl to be eli.gible far iaet�'ra�ce ttader the N�tiaual FIousing Act witbin 60 d�ys from tbe detc <br />h�eof, Lsnder may, at if� oprlon, require imim�diate paymeat ia fall of all sums secared by this <br />Securlty Instiuzneut. A wristea s�atenaent of aay �ur�orized agent of the Seeretary dAt�l subsequent to <br />60 days Ttam the date hereof, declining to iasnie this 5ecurlty Inst�um�nt �nd tha l�ote. ehall be <br />de�med r�nclu94ve pnaaf of sucb iaeligibility. Nota►itbstand'mg the foregoing, ibfs optioa �y nat be <br />— - - — —�_. <br />Rh�IA of Truet�NE yMp4p�p,161 {i1a6100 <br />Woltere Kluwer Plnendal 6arvte�s Psge 6 uf 10 <br />
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