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201600371
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Last modified
7/21/2017 2:51:49 PM
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1/21/2016 9:16:00 AM
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DEEDS
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201600371
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2� 1 ���371 <br /> purpases.Lender may dxsburse proceeds for the�epairs and res�ora��on�n a s�ngle pay�-nen�or in a serres <br /> flf�rog�•ess pay�-nents as�he warl�is�om�l���d. If the tnsl�f��.�.ce o�•condemna�iox�pi�oceec�s are�o� <br /> SL1f�1G1�Il:t�Q]��pair o�res�ore�he Property,I-3orrnvve�i is not t�e�xe�red of�orro�ver's ob1��a�ion for�he <br /> . <br /> completi�r�of s�.�ch r�pa�r ar r��ta�•at�on. <br /> Lender or�ts agen�may m.ake r�as�nab�e en��i�es ti�pon ax�d xnspec�ions nf the Proper�y,If�t has reasonab�e <br /> cause,Lender may ins�ect�he inter�o�°of�h�tmpr�vements o�.�he Pr�perty.Le�d�r sh�.��g�v�Borrower <br /> r�at�ce a��h�����.e of or�r�or�o such an interior ins��c�x�n specifying su��1 reas�nabl��aLise, <br /> �o ��rrow�r"� L�a�App�i�ation.Bo�r�wer shall be in ciefa.u��if,during the L�a�a.app��ca�ionprocess, <br /> ��rr�w�r�r a��y p�rsons or ent���es acti�Zg a��he dz�•ec�zo��af��r��we�o�•wi�l�Borr��ver's��lo�rledge <br /> or c��as��:�g�.ve��na�erial�y F�.lse,zn�sle�.dir�g,or in�.ccura����Zform�.��oza.or s�a�eme�l�s�o Lender�nr f�.i�ed <br /> ���rovide Leilder vvi�l�materY�X�x�f�x'tx��.�i�����c�r�n�cf���n wi�;f��h�T c��,x�. I�a��r��.l rPp�•Ps��1�a�xa�Zs <br /> inc�u.d�,bt��ar�na�;Iimi�ed�a,representaf:���s concern�ng Bo�Prower's occt�p�.ncy of the Property as <br /> � Borra��r's pri�.�ipal residence. <br /> 9� Prat��ti�n c��f Lender"� [nt�re�t �n �h� Praperty a�d F��ghts Under�hzs 5e��ri�y <br /> �n s�ru�e n�, If�a}Borro�wer fails to perform�he covenan�s an�.agreemen�s c�n�ai�ed in�his Sect�r��y <br /> I�s�r�.�ment,(b}�he�e�s a legal proceeding�ha�migh�sxgnzf�car��Iy affect L�n�.et�'s in�e�rest i��he Property <br /> andlor rxgh�s ur�c�er th�s Security Instr�.u�e���sti��h as a pr�ceed�ng in bax�rup�cy,probate,for c�nc�e�n.a�z�n <br /> or forfeiture, for e�farceznen�of a��en�hich may a�tair�pr�ari�y ov�r�h�� S ecurity Instruzne�t or ta <br /> ��zforce l�.�vs o�regula��o�.s�, �r��}Bo�rr�v�er has a�and�ned the Prnperty, then Leilder may do a��.pay <br /> for whatever is reasonable ar�,�propt•iat��o p�o�ec�Lend.er's�n�eres�ir��h�Property and rights t��.d�r�his <br /> S�cux��y Inst��umezlt,includ�ng p�o�ec�ir�g andlor�.s ses s�ng�he va�ue o f the Pro�cr�y,�.nd s ecuri�.g a�dlor <br /> r�paira.ng�h�Prope�rty. Lend�r's ac�ions��.n i��lude,bu�a��e r��t lxmi�ed�o: (a}pay�ng�.ny sums secured <br /> �y a Ix�n wh�ch has pr�ari�y ove��h�s S�cu.r�t�Ir�strumenx;�b��.ppe�.r�ng in cau�t;and���p�.Yi�,g r�asan�.ble <br /> attortz��rs'fees�o pro�e��i�s intere���n th��'roperty andlar righ�s under�his Se�L�rxty Instr��men�,inclt�d�ng <br /> its se�ur�d pas��io�.xn a banl�up�cy pro��eding. SecL�ring�he I'�•operty i�clt�des,bu�is not l�mx�ed to, <br /> �n�ering�h�Pr�perty�o mal��r.epaxrs,ch�ri�e�oc��s,replace or�oa��d txp doors�n�.w�ndovvs,drain�water <br /> frnm�zpes,el��.ina�e buildin�or o�her c�de v�ola��ons�r d�.�g�rous cor�di�ions,anc�ha�re uti�i��es�urned <br /> o�or off, .A.�fihot�gh Lenc�er may ta1{�ac�ion���nder this Se���on.9, Le�der does nQt 11ave�o c�a so a�c�is <br /> no�t�r�der any dt��y or�b��ga�ion to do so, I�is agreed that Lenc�e�•i�Gi�rs n�liability for����al�ing any <br /> or aII act�ons at��hor�2ed under th�s Sec�i�r�9. <br /> Ar�y am.a�:�.n�s disbursed�y L�r�der t�x��.er�his Sec��on 9 shall�ecom.e ac��.��io�al d.e�t of Borrower secured <br /> by�his 5ecur��r Ir�s�rum�r��.T���se amoL�n�s shall bear i��erest a�tl�e No�e ra�e f'r��n�he c�a�e n�'disbursernen� <br /> anc�.shall l�e payab�e,�ri��i such�nteres�,L�p��l r��t�ce fr���n Ler�der to Bo�rower r�c�ues�ing payzne�l�, <br /> If th�s S�cur��y I�Zs�rum�zl�xs o���.Ieaseho�d,Borrower s�aa�1 comply�i�h aX�t�z�provisians of�he Ieas�, <br /> If B�rra�rer acquires fee��t�e�o th�1'rop�r��r,�h�l�asehold ar�d�he fee��t�e sha��not in�rge t��.�ess L�nc��r <br /> �.grees�o t�e x�.erger i�1 wri��ng. <br /> °�0. IV�a rtg�ge �n��ran ce� If L��.c�.er reql�ired Mor�gage Ir�surance as a condi�ron of ma��ing�he Loax�, <br /> Borro�ver shatl pa�th�p�•em�t�ms��ec�uirec��o mairi�ain�he M����age I�stira�.ce Y�effec�.�f,f�r any reason, <br /> �he Ma�tgage Insurance coverage r�c�uir�d by Len�.er ceases��be availabXe f'rom t�e xnortgage insurer <br /> ���at previously pravic�ed.such inst�r�,�ce ar�d Borra�v�r�vvas required to mal��s�para�ely deszgn��e�. <br /> HCF'G-��3�9 <br /> NE13F2ASKA�Single Family-Fannie MaelFreddie Mac L1NI�DRM 1N5TRUMENT �orm 3�28�1�� <br /> VMPC3 <br /> a7r�� <br /> Wolfers Kluwer Financial5ervices 24�609 0T�5.�.2.3298�J2Q�5�7�8Y Page 8 of 17 <br /> *2 �977962�fi� <br />
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