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201507658
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Last modified
7/21/2017 1:44:50 PM
Creation date
11/5/2015 2:03:03 PM
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DEEDS
Inst Number
201507658
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2� 15�7�58 <br /> by a lien.v�h�ch has priorit�over th�s Security In.s�ment;�b}appearing�n cour�;and�c}pa�ing <br /> reasonable attorne�rs' fees t�protect its int�rest�n the Property andf or rights under this Se�urity <br /> In�trument�inc�ud�ng it��e�ured position in a bankrup�cy pro�eeding. Securing the Property includes, <br /> but is not limited to, entering t�ie�rpperty to make repairs,change�ocks,replace or�oard up daors and <br /> windows,drain water from p�pes, e�imina�e bui�ding or ather code viotations or dangerous conditians, <br /> and have util��ies turned�n ar off.Although Lender may take act�an under this Sec�ion 9,Lend�r does <br /> not have to do so and�s not under any duty or obligation to do sa, I�is agre�d that Lender incurs no <br /> liability far not taking any ar aii actions authari�ed under this Section 9. <br /> A�y amounts di�bursed hy Lender under this Se�tion 9 sha���ecome additiona�de�t of Borrawer secured <br /> by this Sec�rity Instrument. '���se amounts shall bear interest at the�ote rate frorri the date of <br /> disbursement and s�iall be payab�e,w�th such inter�st,u�on notice from Lender to Borrower requesting <br /> payment. <br /> If�h�s Security In�trument is o�a l�aseho�d,Bono�er shall compl����h a��th�prflvisions af the�ease. <br /> If Borrower acq���s�'ee title to the Praper�,the leaseho�d an.d the fee title sha11 not merge unless <br /> Lender agrees ta�he n�erger in writing. <br /> '!4. A�signmentof IVlisceflaneausPro�eeds;Forfe�ture.All Miscellaneous Proceeds are hereby <br /> assigned to and sha�i be paid to L�nder. <br /> If lche Property is damaged,suc�Miscel�aneous Proceeds sha��b�applied to restoratxon ar repair of the <br /> Property, if the restoration.ar repair is eco�omically feasib�e and Lender's security is no��essened. <br /> During such r�pair and restoration periQd,Lender shall have t�e right to hotd such Misce��an�aus <br /> ProGeeds until Lender has had an opportunity ta inspec�suc�.Property to ensure the work has been <br /> �amp�eted to Lender's satisfaction,provided tha�such inspection shall be under�aken prompt�y. Lend�r <br /> may pay for the repairs an.d restorat��n�n�.sing�e disbursement or in a series of progress payment�as th� <br /> work�.s comp�eted. Unless an agreement�s made in�riting or Ap�licab�e Law requires rnterest��b� <br /> paid an such Miscel�aneous Proceeds, I�ender shalt not be required to pay Borr�4ver any interest ar <br /> earnings on such Mis�ellaneous Proceed�.If the r�sto�rativn or repair is not economicall�feas�ble or <br /> Lender's se�ur�ty�r�utd b� lessen�d,the M�s�e��aneous Proceeds sha1�b�ap�lied�o the sum�se�ured by <br /> th�s Security I�.st�ument,whether or not the�du.e,��th the e�cess,if any,pa�d to Borror�er. Such <br /> Miscellaneous Proceeds s�iall be applied in t�.�ord�r provided for in Sect�on 2. <br /> In the event af a total taking,destruc�ia�.,or loss in vaiue af the Property,th�Misce��aneous Proceeds <br /> shall be app�ied to the sums secur�d by this Security Instrument,�hether�r not then due,with the <br /> excess, if any,paid to�orro�er. <br /> Yn the event of a part�a�taking,destruction, or�oss in value of the Property in�vhich the fair market <br /> value of the Property immediately before th�partial taking,destruction,or loss in value is equal to or <br /> greater than the amount�f the sums secured by this Security Instrument immed�ately before the partia� <br /> taking,destruction, or 1�ss in value,unless Borrower and Lender other�vise agree in writing,the sums <br /> secured by this Security Instrument sha11 be reduced by the amount of the M�sce��aneous Proceeds <br /> rnultiplied by the fo��o�ving fraction: (a}the total amount of the sums secur�d xmmediately before th� <br /> partial ta�ing,[��StI'11Gt14Il,or loss�n value di�r�ded b�(b)the fair mark�t va�ue�f the Froperty <br /> immed�ately b�fore the par�ial taking, destruct�on,or�ass in va1u�.Any ba�ance sha�1 be paid to <br /> Borrower. <br /> FHA Deed o€Trust 11l1 ith MERS-NE 9/30/2414 <br /> Bankers 5ystemsT"�+ VMP� VMP4N(NE}(15UB3.�4 <br /> Woltets Kluwer�i�ancia4 Senrices Page 9 of 17 <br /> q�334636684� �233 420 0917 <br />
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