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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 /> by a lien which has priority o�er this Security Instrument;�b)appearing in court;and[c}pay�ng <br /> reasonable attorn�ys'fee�to protect its interest in the Property andlor ri�hts under this Security <br /> Instrument, including its s�cured position in a bankruptcy pr�ceeding. Securing the Property inctude�, <br /> b��is not limited to,��teri�ng the Property ta r��e repairs,change l�c�s,replaG�or haard up do�ors a�nd <br /> windows,drain.water from pipes,�liminate building or other code v�olations or dangerous conditi�ns, <br /> and have utilities tumed on ar off.Although Lender may take action under this Sect�on 9,I�e�der does <br /> no�have to do so and is not under any duty or obligatian ta da so. It is a�reed that Lender�ncurs no <br /> liabi�ity for not tak�ng any or�.11 actians authorized under�h�s Sec�io�9. <br /> Any amounts disbursed by Lend�r und�r this Sect��n 9 sha�1 become additionai de�t of�orrower secured <br /> by this Secur�.ty Instrume�nt. Thes�amounts shal�bear interest�.t the Note rat�from the date of <br /> dis�ursemea�and shal�be payable,tivith such in�erest,upon natice from Lender�o Borrower requesting <br /> payment. <br /> If th�s Security Instrument is an a teasehold,Banower shall comply with ail the provisions of the�ea�e. <br /> If B�rrower acqu�r�s fee title to the Property,th�leasehotd and the fee title sha11 not merge unless <br /> Lender a�rees to the mer�er in writing. <br /> �I�. Assignmentof�Il�scelfaneousPraceed�;ForFeiture.All Miscellaneous Froceeds are hereby <br /> assigned to and shali be paid to Lender. <br /> If the Property is damaged,such Miscellaneous Prac�eds sha11 be appt�ed to res�oration or repa�r vf the <br /> P�operty,if the restoratian or repair is econom�catly feasibl�and i.�n�t��r's seGu�it�is nvt lessen��. <br /> During�uch repair and restoration period,Lender sha11 ha�e the right to ha�d such Miscellaneous <br /> Proeeeds unti�Lender has had an opportunity tv inspect su�h Proper�y to en�ure the work has been <br /> completed�o Lender's satisfaction,provided that sueh insp�ction shall be un.derta.ken promptly. Lender <br /> may pay for the repairs and restoration�n a single disbursement or in a ser�es af progress paymen�s as th� <br /> tivork is compl�ted.Unless an agreement is made in writing or Applicab�e Law r�quires interest to be <br /> paid on.such Miscellanevus Proceeds,Lender sha�t not be requir�d to pay Borro,wer any interes#or <br /> earnings on such Miscel�aneous Proceeds. If the restoration or repau is not economica��y feasible or <br /> Lender's secur�ty would be lessened,the Miscellaneous Proc�eds shal�be applied to�he sums secured by <br /> this Security Instrument,tivheth�r or not then due,with the excess, if any,paid to Bono�ver. Such <br /> Miscetlaneaus Proceeds shall be applied in the order�rovided for in Section�. <br /> In the event of a tata.l taking,destruction,or lass in value�f the Property,the�Vliscel�aneous Proceeds <br /> sha11 be applied to the sums secured by this Security Instrument,whether or not then due,�v�th the <br /> excess,if any,pa�d to I�orrower. <br /> In the event of a partial taking,destruction,or loss in�a1ue of the Property in�vhich the fau rnarket <br /> value of the Property immediatel�r befvre the partial taking,destruction,or loss in�alue is equal to ar <br /> gr�ater than th�ar�ount of th�sun�s secured b�this Securit�Instrument immediat�l}�b��o�ce�he pa�tia� <br /> taking,d�structi�n,or loss in�a�u�,unless Borraw�r and Lender otherwis�agree in writ�ng,the sums <br /> secured by this Secur�ty Instrument shall be reduced by the amaunt of the Miscellaneous Proceeds <br /> mu�tiplied by the faiiowing fraction; (a}the total amaunt of t�.e sums secured immediate�y befor�the <br /> paxtia�taking,(��5�Ct1Q1�,or loss in�alue d�vided by�b)the fa�.r market value of the Froperty <br /> immediately before the partial taking,destruction,or loss in�a1ue.Any balance sha�l be paid to <br /> Borrow�r. <br /> FHA Deed of Trust With M E RS-NE 9l3�20�4 <br /> Bankers SystemsTM VMP� 11MP�N(NE}(150B}.44 <br /> Vl�alters KluwerFinanciai Services Page 9 of 97 <br /> q�3351357Z58 4233 348 n917 <br />
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