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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 /> As used in this Security I�strumen�: �a)vvords of the masculine gender shall mean and includ� <br /> corresponding neuter w�rds or words of the feminine gender;(b}words in the s�ngular sha11 mean and <br /> include the plurai and vice versa;and(c)the word"may"gives sol�discretion without any obliga�ion to <br /> take any act�on. <br /> 'I fi. 8orrower's�opy.Borrower shall be given ane copy nf�he Note and of thi� Security Instrument. <br /> 'I�. Transf�r c�f t�e Propertyor a 8en�ficia�ln�er�st in Bor�o�►e�.As used in�his Seetion�?, "In.terest <br /> in the Prop erty"means any le ga 1 or b ene fi�ia1 intere st in the Frop erty, inc luding,but nat limi�ed to, <br /> th�se beneficial interests transferred in a bond fnr deed,contract for dee�, installment sa�es contract or <br /> escrow agreement,the intent of�hich is the transfer of tit�e by Borrower at a future da�e ta a purchaser. <br /> If all�r any par�of the Property or any Interest in the Property is sold vr transferred�or if Borrower is <br /> n�t a natura�pers�n and a b�r�e�icYa��nterest�n Borro�er�s�o�d�r transferred}�v�thout�ende�-'s p��ar <br /> vvritten consent,Lender may requ�r�immed�ate payment�n fu11 af a11 sums s�cured�y this Security <br /> Instrument. Ho�ever,this option shall not be exercised by Lender if such exercise is prohibited by <br /> App�ica�te�.aw. <br /> If Lender ex�rcises th�s a�tion,Lender sha11 give Borrawer notice of acceleration. The no��ce sha�� <br /> p�o��de a per�od of not�ess tha�3�days�Q�the date the not�ce is gi�en�n ac�vrdance with Sec�ion �4 <br /> within wh�ch Borrower rr�ust pay a11 sums secured by this Security Instrument. If Borrawer fails ta pay <br /> these sums pri�r to the expuati�n�f this period,Lender may invoke any remedies permi�ted b�th�s <br /> 5ecurity Instrument without fur�her not�ce vr demand on�orrotiver. <br /> 'I 8. Borrawe�'s Ri�ht t� ReinstateAfter A�ce�er�tion.If Borrower meets�ertain conditions, Borrower <br /> shall have the righ�to reinstate�ment of a mortgage. Those conditions are that Barrower: �a�p�ys Lender <br /> all sums which then vvould be due under this Security Instrument and the Note as if no acce�eration had <br /> occurred; (b}cures any default of any other covenants or agreements;(c}pays a11 expenses incurred in <br /> enfor�Yng th�s�eeurity Instrument, �nc�ud�ng,but n�t��m�ted�c�,reasonable attarne�s'f�es,prop�rt� <br /> inspectian and valua�ion fees,and other fe�s incurred for the purpose of pratecting Lender's int�rest in <br /> the Pr�perty and rights under this�e�urity�nstrument;and(d}takes such action as Lender may <br /> reasona��y requi.re to assure that I�ender'�int�rest in the Property and rights under this Security <br /> Instrument,and Borro�ver's�bl�gatian to pay the sums secured by this Security Instrument,shal� <br /> continue unchanged. However,L�nder is not required to reinstate if: �i}Lender has accepted <br /> r�instatem�nt after the commencement of forec�osure proceedings�vithin twd years immediately <br /> precedin�g the commencemen�of a current fareclosure proceeding; �ii}reinstatement wil�pre�lude <br /> foreclasure on diff�rent graunds in th�fu�ure;or(iii}reinstatement wi11 adversely affeet the priority af <br /> the lien created by this Security Instrument. Lender may re�uire�hat Borrawer pay such reinstatemen� <br /> sums and expenses in one or more of the following forms,as se�ect�d by Lender: (a}cash; (b�money <br /> order; �c)cer�ified check,bank ch�ck,treasurer's check ar cashier's check,provided any such�hec�is <br /> dra�n upon an institution whose deposits are i�.sured by a federal agen�y, ir�s�rumentality or entity;�r <br /> (d}Eiectronic Funds Transfer.Upon reinstatement by Borrovver,this Security Instru�ment and obligations <br /> secured hereby sha�I r�rnaz�.���y effect��e as�f no a�c��erat�on had occurred. Hvwe�er,tl�is r�g�t to <br /> reinstate sha11 not apply in the case of acceleration under Section 17. <br /> FHA Deed of Trust With MERS�NE 9134f2�14 <br /> Bankers SysfemsT"" VMP� VMP4N[NE}[15�}.D4 <br /> Walters Kluwer Financial Sen►ices Page 12 af 17 <br /> q43351965385 ��33 28� 1�17 <br />
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