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201600527
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Last modified
7/21/2017 2:58:18 PM
Creation date
1/28/2016 9:37:53 AM
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DEEDS
Inst Number
201600527
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2� 1 ���527 <br /> In the e�ent of a partial tal�i�g,��st�.c�ion,or�oss in v�l�e of the i'roperty in which t�xe�`air market <br /> �alue of the Property immediately before the partial taking,destru�tion,or loss in value is le�s than the <br /> amoun�of the sums secured immediate�y before the partial takin�,destruct�on,or loss in value,untess <br /> Borrower and Lender otherwis�agree rn�vriting,the Mi�cellane�us Proceeds shal��e applied ta the sums <br /> secured by th�s Security Instrument whether or not the sums axe then du�. <br /> If the Property is abandoned b�r Barzowe��or if,after no�ice b�Le�der to Borrow�r t�.at th.e��posing <br /> Party(as defined in the n�xt sentence}offers to make an a�varti to settle a claim for damag�s,Borrower <br /> fai�s to respond�o Len.der within 3D days after the date the notice is given, Lender is authorized to�cnitect <br /> and app�y the 1Vliscellaneous�roceeds either to restorat�on ar repa�,r of the Property or to th�sums <br /> secured by thi�Security Instrument,whether or not then due. "�pposing Party"means the third party <br /> that ovves B�rrower Miscellaneous Proceeds ar the party agarnst whom�arrower has a right of action in <br /> regard to Miscellaneaus Proceeds. <br /> Borrower shall be in default i#'any actian or proc�eding,whether c�vi1 or crim�nal, is begun that, in <br /> �,er�der's jud.g�e��,�a�.�d result in forfe�t��e o��'h��'roperty or othe�ma�eria�impairment of Lend�r's <br /> interest in the Praperty or rights un�.er�his Security Instrument. Borrower can cure such a default and, if <br /> acceler�.tion has occurred,reinstate as provided in Section 18A by causing the action or proc�eding tv be <br /> dismissed with a ruling that, �n Lender's judgment,precludes forfe�ture of t�e proper�y or o�her material <br /> impairment of Le�der's interest in the Property or rights under thxs Security Instrument, The proceeds of <br /> any award or c�aim for damages that ar�attr�butable to the impai.rment of Lender's interest in the <br /> Pr�perty are hereby assigned and shall be paid to Lender. <br /> A11 Miscellaneous Proceeds that are not applied to restoration or repair of the Property sha11 be app��ed in <br /> ��he ort�er provid�d for in Sec��on�. <br /> 1'I. Borrower Not Released;�orbearanceBy Lenderhfot a 1111aiver. Extensian of the time for payment <br /> ar madification of amorti2ation Qf the sums secured by this Securit�In��rumen�granted by I�ender to <br /> Borrower or any Successor in Interest of�3orrower shal�not op�ra�e to release the liabiii�of Borrower or <br /> any Successors in Interest of Borrower. Lender sha11 not be required ta commenee proc�edings against <br /> any Successor��In.te��st of Borro�ver or ta re�iase to�xtend tim�f���a}�n�en�o�otherv�ise mod�� <br /> amor�ization Qf the sums secured by this Securr�Instrument by reason of any demand made by the <br /> original Borrow�r or any Successors in Interest of B�rro�ver, Any forbearance by Lender in exercising <br /> any right or rem.ed��nc�u�ing,tivithout limitation,Lender�s accepta.nce of payments fram third persons, <br /> eatities or Successors in Interest af Barro�er or in amounts less than the amount then due, sha�l not be a <br /> waiver�f or preclude the exercise of any right�r rerr�edy. <br /> 'I�. Joint and Se�erai Liabil�ty;�v-�ign�rs;5uecessorsand As�igns BQund.Borrower c�venants and <br /> agrees that Borrawer's obligations and l�ability sha11 be joint and several. Howe�er,any�orro�er who <br /> co-signs this Sec�ri�Instrument but does not exe�ute the Note(a"ca-signer"}: �a}is co-signi�g this <br /> Se�urity�nstrument only to martgage,grant and c�n�ey the co-signer's interest in the Pro�er�under the <br /> terms of this Security Instrument; �b) is not pers�nally obligated to pay the sums secured by this Security <br /> Ins�rument;and�c)agrees that Lender an�1 any other Borrower can agree to extend,madify, forbear or <br /> make ar�y accornmodations�vith regard to the terms of this Security Instrument ar the Note withaut the <br /> C�-S1�n�r'S Co17S�nt. <br /> FHA❑eed afi Trust►Nit€�lUIERS-NE 9130t2�14 <br /> Bankers SystemsT�+ VMP� VMP�IV(NE}(1546}A4 <br /> Wolters Kluwer Financial Services Pa�e 14 of 17 <br /> q43350642393 4233 3�6 ��17 <br />
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