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201601019
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Last modified
7/23/2017 9:48:43 AM
Creation date
2/19/2016 12:20:03 PM
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DEEDS
Inst Number
201601019
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2� 1 �� 1 � 19 <br /> As used in this Security Instrument: �a}words of the masculine g�ader shai�mean and include <br /> corresponding neuter words or wards of the feminine gender; (b�wards in the singular sha11 mean and <br /> include the plural and v�ce�ersa;and�c}the word"may"gives sole d�scretion without any obligatian ta <br /> ta.ke any action. <br /> 1 C. Borrovr►er's Copy.Borrower sha1�be given one capy af the Note and of this Security Instrum�nt. <br /> �7. Transfer of the Property or a Benef��ial�nter�st in Borravi►er.As used in this Section�7, "Interest <br /> in the Property"means any legal or beneficial in�erest in the Praperty, including,but not�imited to, <br /> those beneficial interests�ran�ferred in a band for deed,contract f�r deed, installment sales contract or <br /> escrow agreement,the inten�of which is the transfer af title by Borro�ver at a future date to a purchaser. <br /> If all or any part of the Proper�ar any Interest in the Property is sold or transferred�or if Borrower is <br /> not a natural person and a beneficial interest in Borrower is sold ar transferred}withaut Lender's prior <br /> written cons�at,Lender may require immediate payment in full of a11 sums secured by th�s Security <br /> Instrument. However,this option sha11 not be exercised�y Lender if such exerc�se is prohibited by <br /> Applicable Law. <br /> If Lender exercises this option,Lender sha11 gi�e Borrower notice of acceleration. The natice sha11 <br /> pro�ide a periad af not less than 3�days from�h�date the notice is given in accordance�vith Secti�n 14 <br /> within which Borrawer must pay a11 sums secured by this Security Instrument. If Borro�ver fai�s to pay <br /> these sums prior to the expiration of this period,Lender may invoke any remedies perrnitted by thi� <br /> Security Instrument without further notice or demand on Borrower. <br /> '1$. Borrower�s Right to Re�nstateAfter Ac�eler�t�on.if Borrower meets certa�n conditions, Barro�ver <br /> shall have the right to reinsta�ement of a rnortgag�.Those conditions are that Borrotiver: (a�pays Lend�r <br /> alI sums which then would be due under this Secur��y Instrument and the Note as if na acceleration had <br /> occurred; (b}cures any default of any other co�enants or agreements; (c}pays all expenses incurr�d in <br /> enforcing this Security Ins�iment, including,but not limited to,reas�nable attarneys'fees,property <br /> in�pection and valuation fees,an.d other fees incurr�d far�he purpase of protecting Lender's interest in <br /> the Property and rights under this Security In�trument;and(d}takes such action as Lender may <br /> reasonably require to asSure that Leader's interest in the Property and rights under this Security <br /> Instrumen�,and Borrower's vbl�ga�ian to pay the sums secured by this 5ectuity Instrum�nt, shall <br /> continue unchanged. Ho�ever,Lender is nat required to reinstate if: �i}Lender has accepted <br /> reinstatement after th�commencement of forec�osure proceedings�rithin two years immediateiy <br /> preceding the commencemen�of a cu�rent foreclosure proceeding;�ii)reinstaternent�v��l preclude <br /> farec�osure on different grounds in t�xe future;ar�iii)reinstatement tivilt adversely affec�the priority of <br /> the lien created by this Secur�ty Instrument. Lender may require that Bonower pay such reinstatement <br /> sums an.d exp�nses in one ar more of�he following forms,as select�d by Lender: �a)cash; �b}money <br /> order;�c)certified check,bank check,treasurer's check or cashier's checkA pro�ided any such check is <br /> dra�n upon an institution whose deposits are insured by a federal agency, instrumenta�ity or entity;or <br /> (d}Electronic Funds Transfer,Upon reinstatement by Bonower,this Security Instrument and obligations <br /> secured hereby shal�remain fu11y effective as if no acceleration had occurred. Ha�ve�er,this right to <br /> rei.n.state shall not apply in the case of acG�leration under Section 17. <br /> FHA Deed of Trust W ith M E RS-N E g134�q�4 <br /> Bankers SystemsTM� VMP� VMP4N�NE)(15�B).04 <br /> Woiters Klwver F�nancFai Services �ag��2���� <br /> qU3351367258 �Z33 348 1�17 <br />
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