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201405398
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Last modified
7/20/2017 8:25:56 PM
Creation date
9/2/2014 10:53:21 AM
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DEEDS
Inst Number
201405398
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��14�5395 <br /> I�� tl�e ev�;���of loss, Bor-rowe�-s��all �,��� �..re��clEr itnrr�ed�al:� ��c�ci�e 1��.� ��t�ail. I1e1�de�• nlay make p�•oaf�f���s �f <br /> �zo���3ade pt•onlpt�y Uy �30�•�•ov�ret•. �ach i�z��.��-a�1cc co��z�pa����co��cer•��ed i5 he�-e�y� aut�o�-iz�d and directed�a <br /> malc� payn����t far such �cass dir�e��ly �o Ler�d��•, i��s�e�.d c�f�c� �3��•rnu�e�• a��d t� L���der jo�n��y. A�) or any part <br /> of��-�e i��su�a��ce pra�eeds ���ay be a�p��ed �y L���dc�-, a� ��s c���:�an� �i�l�e� �a} �n�1��reduction of�he <br /> i��delated��ess under-r��e Na�e a��d ���is �ecu�-i�y �z1s��•��n�e���, f��s��� a���deli��quen�a���ou��ts applied in�he <br /> o�-der i�-� paragrapll 3, ar�d �l�e���o ���e�ay�ne���af pY•ii�ci��al, ar �b} to ����t•estora�ia�� or repair af�l�e damaged � <br /> Pt•operty. Ai�y applica�io�� of���e p�•�c�eds lo�l�e pt•ir�c���a� s���ll i�o��x����d or ��c���:pone tl��due da�e of the <br /> mo��t���y pay���c�a��v���i�l� a�-e�•�fe�•�-ed�o ��z pa�•a��-aph �, U�- c��a�lbe�}I�at��ou���❑f such pay�nei��s. Any excess <br /> ins��r�.��Ge ��•nc��ds ove�• a1� at��c����� rEqu�red tn����r �I� allts�:�t�di��� i��c3ebfiedness u��der tl�e No�e and this <br /> Secur��y �ns�run�e���s��al� Ue �aid �o th�����.i�y �G�a��y ���titled ����ereto. <br /> ��� �he er�et��of fo���c�osul•e a��I115 S�CU.t'��� ��5�[•����?7ent��- c�����e�����-�nsfer af�itle�a�}�e�'�•oper��ty tha� <br /> ex�it�gt��shes�11e indebtedness; at� �-i�l-l�:, #;��le a��d �1�t�7-es� ��f�o�•�-ow��- i�� and�o insux-ance policies in fo�-ce <br /> shal� pass�a�l�e purc}�a5er. <br /> �. �c�upa�cy, Pr�se�va�i�ra, �i aR��������� ��� �r��������i �� ��� �r�p���; �3�rrowe�"s Loan <br /> App��C�#do�1; Leaseho�d�. I��rrov�r�� sh��1l occu�y, es������s��, a��d u�����e P�•�perty a�Bor�awer's pr�ncipal <br /> x-�sider�ce vv�t��i�� �ixty day5 aft��-���e�xecutioz� of���is �e�������y �z�s��•��rn�;�����r�xt��in six�y days of a later sale <br /> a�-��•ar�sfe�of the P�•ope�-ty� a��d s��a�l co��ii�7ue�o oc�upy��-�e Pr-opert��as L�orrovver's pri��cipal reside��ce fat- <br /> at �ea�t o�1�year af�er�l�e��at�of❑c�:upancy, u��1Gss Le��de�• dc�:c��•���i��es���a��e�uit-e���en�wi�l cause undu� <br /> hardsh�p fo�-Bat•z��vver, or utz��ss cx�e��uati��b cit•�t����sta��c�s �xi��:w��ich are beya��d Borrawer's contro�. � <br /> So�•rt-owel-sha�1 no�i fy Lez�det- of a��y �x�e��ua������;i r•ct�Y���t����ces. �3«�-rower sha11 z�o�co��mit waste or des�roy, <br /> da���age o�• szibsta��tia�ly cl�ange tl�c���•opc�-�y��r a��ovW���e��{ope�•�y��:c7 dc��cr�ora�e, reasa��abl��vea�- and�ear <br /> exc�p�ed. Le��det• ma�� ir�spec�t��e P�•o�et��y i�'�he ���n�e����.r ��v�ac���t���• aba��da��ed oz•the �oa�� is in defaul�. <br /> t,e��de�• ���ay tal�e�-easo��a��l� actia�� tc� ��-o�ec��a1�d �r�se�-ve su�:l� ���c;�����t��r avar�civ��ed Proper�y. �3orrQv�e�' <br /> sha�� also ve it-� defat�l� tf 13o�-ro�ve�•, d��ri��g�l�e 1��an a���iica��a�� pt•r�ccss, �;arre materially fals�a�• inaccL�rate <br /> �t�fa�-�-r�ati o��t o�-stater����-��s�.a L�n�e;�- �ot• fai 1�d �o p�•av i c�c� ��nde�-v�ri t�� a��y n�a�e�ial i 7�fo�•ma�i a�1) in <br /> ca��nec�i�rt�wi��� th� l�ar� e�idei�c�d U�f tl�e�ote, i��cludi7��, �uic��ot ii�l�ited�a, �•epr-esenta�ions co��cerni�lg <br /> Sar��ower's o�cupancy of t��e��-ope�•�y as a pri��ci�aj resic�e�zce. ��f�his �ecu�•�ty I��s��-urnen� is on a�easehold, <br /> �3�rt-o�ve1• s���Il co���p�y�vY��� �.he p��nvi�ia��s af���e �ease. �f�o�-�-o�c�• acc�t�ires �Fee�i�le ta�I�e P�•aperty, the <br /> [ease}�old a��d f��tit�e sl�all ��ot ve�ne���ed u���l�ss �1e��d�� ���:����s to the r��e����� irz wri��Y��- <br /> �. Ct��d�����i�n. T1-►c p�•flceeds a�'�.�zy awa�•d a�- cI a���� �'o�- c�a���a���, d i�-�c� �t- coz�se�ue��ti al, i n conne�;tion <br /> vW€�h any co��de�nnat�or� c��• c��i-���•�a������r��'a�y p�G�•�a��'�,�� z��•o��e�•��r, o�- �`�o�-�o��veyance �n plaee of <br /> �o�ldexr���at�or�, az-� �aere��� as�i�r��d a�d s��al� b�� ����d �o �..���:�c��-�o t��e�:�en�of��e full arnount af the <br /> i ndeb�edness tl�a� �•�z�r��i�-�s unpa�d u��c�e�•�;���c�Io�e a��d���i s ��ci��-i�y I��s��•u�����-�t. Lender sha�� apply such <br /> px�oceeds�o the ��educ�io�1 of`�he i��debt�d.��es� unc�ei-t���I�]o��a�d�l��s �ecurity Ir�s�t�ument, f��-s�ta any <br /> del Y�7quez��a�nau��ts a����ed i n �he o�-d��• p�•o�v id�c�. i n ��a�-a��•a��h �, a��d�hen to ����epayinen�flf p�•incipal. Any <br /> ap�f ica�iara of�he p�-aceeds ta�he ��t-���ci�a� s����l ��a�ex��r�d ��- ���s��c�n�tl��due d�.�e nf�he man�hly <br /> �ayr��ctz�s, �vhicl� at-e reFez-�-ed�o i�� ���-�gra��-� �, or c�7����e tI-�� a���c������:����L�f;�l �3dyI�7eC1�5. At�y excess <br /> p�-oceed5 o��t-a�1 ai��c�ur�� �•eau�t•ec�to ��y �i� au���:ai�din�; ir�c������C�I��`S5 I_lI�].C��I•�he No�e and�his �e�u�•ity <br /> Zi�strur�zc��t shal� be ��a.ic� ���he ei��:��y !c���.11y 4f�����e��.��e��e���. <br /> ?'. Charges �o ��rra�r�� a�d �r�������� �� �.������'� ���;���, ��-� ��� �r�p���. Bor-rowe�-shal� �ay all <br /> �;o�rern������tal or r�zu��ici��ai c�aa��ges, �i��es a��d �����usiti���s ���a�a�-���a�.���cludec� ir� pa�-a�;��ap11 Z. �orrau�er <br /> shal� pay���e�e oUli�at�o�7s �7t� ti�r�e �i��-�c��y i����� e���i��u��ic�� is����d tl��p�y���en�. �f failure t❑pa}�wauld <br /> ad�ersely affe�t Lexider's ���te�-�st i�� ���e�'r-�p�,�-�y, ��po�� �����de�-'� �-������s��tjrf-ov�er sha�l pron�ptly furnish�o <br /> L��de�• r��erpts evidet��i���t��ese��a�����ct��s. <br /> �f Bo�-rawet• fails ta ��zaice 1:}�es� �a��i�e��t�o�� ��Ze }�ayr������:s �-����it•c;� �y pa��a�;i�aph Z, ❑� faiis�fl perfat•m any <br /> other cov���a��ts a��d a��-e�:n�e���s cot�tai��ed i�� �1�i� �ecu������ I�����-utr����'c, o�• ti���•e�s a 1 ega� praceedi t���hat n�ay <br /> 880�5251�4� � ,,��� 884'f6?5141 <br /> FHA M ort a e W i-fl-�M ERS-�f E �' "```� <br /> VMP(� � � �,� Revisad 4196 <br /> ��:.� VMP4N�N����302) <br /> UV��ters Kfuw er Fir}ancial Services Page 4❑f 1 q <br />
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