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201506732
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Last modified
7/21/2017 8:30:01 AM
Creation date
10/1/2015 10:38:04 AM
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DEEDS
Inst Number
201506732
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��15��73� <br /> In the event of a partia�taking, destru.ction,or lass in�a�u�of the Propert�in wh�ch the fair market <br /> va��e�f rhe Property immed�ately hefore the partial ta�iag,destructi�n,ar�os�xn value�s l�ss than the <br /> arnount of the sums secur�d imrn.ediate�y b�for��he partial ta.king,destructian,ar��ss i�.n value,un�ess <br /> ��rro�ver and Lender othe�vise agree in�r�t�ng,the Miscellaneaus praceeds sha��be apg��ed tq�e sums <br /> se�ured by th�s SeGur�ty Znstrument whether or n�t the sums are then�t�e. <br /> If th��r�perty is aband��ned��Bonower�or if,after na�ice by Lender t4�orra�ver that the�pp�sing <br /> Party(a�defined in th�n�xt sentence)offers to make ar�award to sett�e a c�aun for darr�agesp Borrower <br /> fails to r�s�and to Lender within 3�da�rs af��r the date the notice x�given,Lend�r�s author�zed to co��ect <br /> and app�y th�Misce��aneous�roce�ds ei�her to r�stQrati4n or repair of�.he T�rap�rty or ta th�sums <br /> secur�d by this Security�ns#a�ume�t,�h�thef�r not then due. "tJpposin�Party"means the thi.rd party <br /> that ot�tes�vrrv�ver�xsce�lan�ous Proceeds�r the party a�a�nst whom Bortawer ha�a r�ght of action in <br /> r���.rd ta Misce��aneous Proceed�. <br /> Borra�er shai��e in defau�t if any action or proce�dzng,wheth�r ci�i�or crirnina.�, is begun that, in <br /> Lender's judgment,cou�d result�n farfeiture of the Propert�or other materiai i�n.pairm�nt of Lender;s <br /> �nterest�n the Property or rx�hts under this�ecurit�r Ix�strumen�. Borrawer can cur�su�h a defau��and,�f <br /> acceleratian has accurred,r�ins�ate as pro�ided ir�Sect��n �8,by causing the ac�ion or prace�d�ng to be <br /> d�S�ni55�[�Wit��rUliiig tb.at,in Lender's judg�eat,prec�u��s forfeiture�f the�'roperty vr�th�r materia� <br /> impairrxient af Lender's�t�rest in�he Fraperty or rights under th�s Security�nstrument, The proceeds flf <br /> any a�vard or ciaim far damages that�r�attributab�e to the impa�nnent af Lender's inte�cest ir��he <br /> T�raperty are hereb�assign�d and shall�e paid to I�end�r, <br /> A��Miscel�an�ous Proceeds that ar�n�t app�ied to restorat�on ar repair af the Praperty sha��be applied in <br /> the order prov�ded fdr in�ect�c�n�. <br /> ��. Borrower hlot Released�Forl�earanceBy LenderNot a Wa�ver.Extens�an�f�he tim�for p��rment <br /> or modificat�an of amorti�atifln af the sums s�eured by this Securi�y Instrum�nt granted by L.en�er�p <br /> BQrrower or aay�ucces�or in Interest o�Borro�ver sha11 no�operate ta re�ease the liab��xty of Ba�row�r or <br /> any 5�ccessors in Interest of�arrower.L�nder shail not b�r�quired�o�tirnmen�e proceed�n�s aga�nst <br /> an��uccess�r in�nt�rest of Borrau�er or�to refuse ta extend time for payrr�ent or��herwise modify <br /> amorti�ation a�the sums se�ur�d by�his Se�urity�nstrument by reasan of any den7and made by the <br /> original�arrow�r ar any Succe�svrs in�nterest of$orrov��r..Any forbearance b�Lender in ex�rcising <br /> any right or remedy�nc�udin�,with�ut��mi�tat�on,Lender's acceptance of payments from th.isd p�rsons, <br /> en��t�es or Su�c��sqrs�n Interes�of Borro�ver�r in amaunts I�ss than the amouat th�n due,shal�n�t be a <br /> wa�ver af ar pre��ud�the exercise�f any right ar remedy. <br /> �l2. Joint and�eyeral L��b���ty;�v-si�ners;Success�rsand AssignsBound.�orto�ver c�venants and <br /> agrees that Ban�tiver's ab�igatians and Iiabi�ity sha��b��aint and���era1. H4wever,any$orraw�r tvho <br /> co-s��ns this Security Instrument�ut do�s not execute the l�ate�a"co-signer"�: �a}is co-si�ning thi�s <br /> Seeurity�nstrument only to m�rtgage,gra�t and convey th��o-s�gne�r's�nterest zn tbe Property unc�er the <br /> terms of this�ecuri�r Ins�rument;�b�is not persona��y�b�i�at�d ta pa�the sums secured b�r this Secur�ty <br /> Ins�rument;and��)a�rees that�,end��r and any pther Borrower ca�a�ee ta ext�nd,modify,forb�ar or <br /> make any accom�nodations v��th re�ard ta�the terms of this Secur�ty Ins�rurnent�r the Nate v�ithaut�he <br /> co-signe�'s cons�ent. <br /> FHA Deed of Trust Wit�MERS-NE 9f3012�14 <br /> Bankers Sys#ems�++ VMP� VMP4N�NE}t150�).04 <br /> Wol#�r3 liluwer Fcnar��iaf 5ervices Pa�g�1t}of 17 <br /> qa� 4sslo$5z o�33 30� 10�� <br />
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