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201601112
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Last modified
7/23/2017 9:54:07 AM
Creation date
2/26/2016 10:12:38 AM
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DEEDS
Inst Number
201601112
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2� 1 �� 1112 <br /> In the event of a partia�taking,destruction,or loss in value of the Property in which the fa�r market <br /> �a1ue of the Property immediately before�he partial taking,destruction,or loss ir�value is less than the <br /> amount of the sums secured immediate�y before the par�ial�a.king,destruction,or loss in�a1ue,unles� <br /> Barrotiver and Lender otherw�se agre�in writing,the 1Vliscellaneous Pr�ceeds shall be applied to the sums <br /> secu.red by this Secur�ty Instrument whether ar nat the sums are�he�n due. <br /> If th�Property�s abandoned by Borro�ver,or if,af�er notic�by Lender ta Barr��ver that the�pp�sing <br /> Party(as defined in the n�xt sentence}offers to make an a�ard to set�le a claim for damages,Borrower <br /> fails to re�p�nd to Lender within 3�days after the date the notice�s given,Lender is authorized ta c�llect <br /> and apply the Miscellaneous Proceeds either ta restoration ar repair of th��'roperty ar t�the sums <br /> � secured by this Security In�trumeat,�hetl�er or not then due. "�ppasing Party"means the thixd party <br /> that owes Bon�v�rer Miscellaneous Proceeds or�he party against whom Borrower ha�a right of action in <br /> regard to M�sce��an.�ous l�viceeds. <br /> Borro�er shall be in default if any action or proceeding,whether civil or criminal, is begun that, in <br /> Lender's judgment,could result in forfeiture af�he Prope�ty or other mat�rial impairment of Lender's <br /> interest in the Froperty or rights under this Secur�ty Instrument. Borrower can cure such a default and, if <br /> acceleration has occurred,reinstate as provide�i in Section 1 S,by causing the action or proceeding to be <br /> dismi sset�w��h a ruling that, �n Len�er's j udgment,prec lude s forfe iture o f the Prop erty or other materia� <br /> impairment of Lender's interest in the Property or rights under this�ecur�ty Ins�rument.The proceeds af <br /> any award or claim for damages that are attributable to the impairrnent af Lender's interest in the <br /> Prope�y are�er�b�ass�gned an�sha���e�a�d to Lender. <br /> All Miscellaneaus Proceeds that are not applied to restoration or repair of the Pr�perty sha11 be applied in <br /> the arder provided for�n 5ection 2. <br /> 'I'I. Borru�v�r N�t Rel�ased;For��aranceBy LenderNot a Wai�er. Extension of the time for payrx�ent <br /> or modification of amortization of the sums s�cured�y thi�Security Instrument granted by Lender to <br /> Borrower or any Successor i�Interest af Borrflwer shall not operate to release the Iiabili�r of Borrawer or <br /> any Successors in I�terest of Borra�ver,Lender sha11 not be required to commence proceedings against <br /> any Succe�sor in Interest of Bonawer or to refuse to ex�end time for payment or otherwise modify <br /> amortizatian of the sums secured by this Security Instrument b�reason of any demand made by the <br /> vriginal F3orrow�r or any Successors in Interest of Borrower.Any forbearance b�Lender in ex�rcising <br /> any right flr remedy including�without limitation, Lender's acceptance of payments fram third persons, <br /> entities or�uccessors in Interest af Bonawer or in amounts less than the amount then due, sha11 nat be a <br /> wai�er af or preclude the e�ercise of any r�ght or remedy. <br /> �Z. Joint and Se�eral Liability;�o-signers;Su�cessorsand As�igns�ound.Borrower covenants and <br /> agrees that Borrower's obligation�and liability sha11 be joint and several. However,any Bqrrow�r who <br /> co-signs this Security Instrument but doe�not execute the Note(a"co-�igner"}: (a�iS�q-signing this <br /> Security I�strument only to mortgage,grant an�canvey the co-signer's interest in th�Property under the <br /> terms of this Security Instrum�nt; (b)is nat personally obli�ated to pay the�ums secur�d b��his�e�urity <br /> In��rument;and�c}agrees that Lender and an�other Barro�ver can agree to extend,madify,forbear or <br /> ma1��any accommadations v�ith regar�l to the terms of this Secur�ty Instrument or the hTote withaut the <br /> ca-sign�r's consent. <br /> FHA❑eed of Trust With MERS-NE 913�12fl�4 <br /> Bar�kers Syst�msTN+ VMP� VMP4N[NE}(154B}.(�} <br /> Woltera KE�wer Financial 5ervices Page 1 D of 17 <br /> qU3351965385 4Z33 28� 1Q17 <br />
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