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201508211
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Last modified
7/21/2017 2:06:49 PM
Creation date
12/3/2015 11:10:01 AM
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DEEDS
Inst Number
201508211
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2� 15�8211 <br /> by a�i�n which has priority v�er this�ecurity Instrument;[b)appearin�in caurt;and(c}paying <br /> reasonable attorneys'fees to protect its intere�t�n the Property andlor rights under thi�Seeurity <br /> Instrume��,�nc�udin�its secured positio�n in a�an�ruptc�proceeding. Securing t�e Proper�y includes, <br /> but is nvt 1im�ted to,e�tering the Frop�rty to make repairs,change tocks,rep�ace or baard up doors and <br /> windovvs,drain water from p�pe�, elimiaate�uildin�or other code�iolatrons or dan�erous conditia�s, <br /> and have utilities turne�an ar o#`f,A1th�ug�Lender may ta.ke act�on under this Section 9,Lender does <br /> not have to do so and is not under an.y duty or ob�igation to do s�.It is agreed that Lender incurs no <br /> liability for nat taking any or all actions authori�ed under t�is�ection 9, <br /> Any amoun#s disbursed by�ender under this Sectivn 9 s�a���ecome addition�.�debt�f Borra�ver secured <br /> by this�ecurity Instrun�ent. These amounts sha11 b�ar interest at the Note rate from the date of <br /> d�sbtusement and sha11 be�ayab�e,with such int�rest,�pQn notic�from Lender to$orrower r�questing <br /> pay�nen�. <br /> If th�s Security�nstrum�nt is on a le�sehold,Borrower sha11�omply with al��he pravisions of the 1ea�se. <br /> if B�rrower acquires fee t�t�e to the�'raperty,th��eas�ho�d and t���'ee�it�e sha��n.c�t merge un���s <br /> Lender agrees to the merger�n writing. <br /> '��. As�ignmentof A�i�cellaneousProceeds;Forfeiture.All Miscel�aneous Pr�ceeds are hereby <br /> ass�gned�v and�hall�e pa�d�o�ender. <br /> If the Property�s dar�aged,such M�scellan�ous Proceeds shatl be app�ied to restaratian or repa�r of the <br /> Proper�y, �f the restora�ion or repair is economica�ly feasible and Lender's security is nvt lessened. <br /> During�uch repa�t and restoration period,L�nder shall have the right to ho�d su�h Miscei�aneous <br /> Proceeds unt�l Lender has had an opportunity to�nspect such Proper�to ensure the work has been <br /> c�m�let�d to Lender`s sa�i�fa�tion�pro�ided that such�nspection sha11 be undertaken promptly. Lender <br /> may pay f�r�he repair�and restoration in a�ingle di�bursement or i�a series�f prQgre�s payment�as the <br /> �ork�s cvmg��ted. IJ��ess an agreement is xnade�n�riting or A�plicable La�r requues interest�o b� <br /> paid on such N.�iscellaneous Proceeds,Lend�r shall not be required to pay Borrow�r any intere�t or <br /> eam.ings�n sueh��sc���an�ous P�oeeeds. I#`t�e restarat�o�fl�rep�ir is n��e�o�.om�ca���feasib�e vr <br /> Lender's security wa�u�d b�lessened,the Mi�cellaneous Proceeds�hall l�e applied to the�ums secured by <br /> this Securi�Instrument,w�.et��r ar not then due,tivith th�exc�ss,if any,pa�d��B�rro��r. Such <br /> Miscel�aneaus I'roceeds sha11 be applied in the order provided for in Sectian 2. <br /> In��.e event af a�otal taking,destruction,or loss in value�f the Froper�y,the M�scellaneous Froceeds <br /> s�al�be a��a��ed to�the sums secured by�his Se��rit�Instrum�nt,whether ar nat then due�with the <br /> excess, if any,paid to Borrawer, <br /> In the event of a partial taking,destruction,or l�ss in value of the Property in which the fair market <br /> va�ue of the Property immediately before the partial�a.king,destruction,or loss in value is equ�l to or <br /> greater than th�amount of the sums secured by this Security Ins�rument immediatety before the part�al <br /> tal�ing,destruction,ar�ass in value,un�e�s Borr�wer and Le��ler other�vise agree in writin�,the sums <br /> secured by�his S�cu.rity Instrum.�nt sha11 be reduced by the amvu�.t of the Mis�el�ane�us Proceeds <br /> rnult�plied b�the fol�vu�ing fractian� �a)the tata�amount of the sum�secured imm�diately befare the <br /> partial taking,destructian,or Ioss in value divided�y�b}the fau marke�value of the Froperty <br /> �m�ediate�y be�are the part�a�tak��g,des�c��a�,ar�oss in�alu�.A.n.y balance sha11 be�a�d to <br /> B�rrower. <br /> FHA Deed of Trust With M E RS-N E 9f3df2�1 d <br /> Bankers 5ystemsT"" VhItP� VMP4N4NE�(954fi}.44 <br /> Wo�rs Klwvgr Financial Secvi�es Page�of 17 <br /> q�334 843?39 U233 33� �917 <br />
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