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201601810
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Last modified
7/23/2017 10:23:24 AM
Creation date
3/28/2016 1:53:46 PM
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DEEDS
Inst Number
201601810
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2� 1 �� 181 � <br /> As used�.n this Security Instrument;�a}tivords of�he rnas�uline g�nd�r shal�m�an�nd in�lud� <br /> eorrespond�ng n�euter words or�vords of the feminine gender; (b)words in the s�ngular sha11 mean and <br /> include the p�ural and vice versa;and�c}the word"may"gives so1�+discretian.w�thout an�obli�ation to <br /> �ike any act�on. <br /> �fi. Borrvwer's C�py.Borrower sh�ll be given Qne c�py af the Note and of this Security Instrument. <br /> �7. �ransfer of the Prvperty or� Beneficiatlnter�st in�orrower.As use�1 in this Section 17, "Interest <br /> in the Property"means any legal or benef cial interest in the Property,�ncluding,but nat I�mited to, <br /> �hase beneficial interests tran.sferred�n a�ond for deed,contract f�r deed, insta�lnlent sales contract or <br /> �scrow agreement,the�ntent of�vhich is the transfer of title by B�rr�wer at a future date to a purchaser. <br /> If a11 or any part af the Froperty�r any Interest in the Proper�y�s so�d or tran�ferred(ar if Borrower is <br /> nflt a natu.ral pe�son and a�enef��ial interest in Borrower is�1d or transferred}without�.�nder's prior <br /> written consent,Lender may require immediate payment in fu11 of all sums seeur�d by th�s Security <br /> Ias�iment. Howe�er,this op��on shall not be ex�rcised by Lender if�uch exercise�5 prohibi�ed by <br /> Applicabl��.aw. <br /> If Lender ex�rcises this optian,Lender s}�a11 g�ve Borrovv�r no��ce of acceleration,The notice sha�l <br /> pra�ide a per�od vf nvt less tha�30 days f�om the date the notice is gi�en in accordance�ith Se�tion 1� <br /> within which Borrower rnust pay a11 sums secured by this Security Ins�ment. If I�orro�ver fa�ts ta pay <br /> these sums prior tn the expiration of th�s period,Iaender may invoke any remedies�ermitted by this <br /> Security�n.strumen�t without further natice or�emand an Bonow�r. <br /> 'I 8. Borravr►er's Right ta Re�nstateAfter Acceleration,�f Borrower meets certain cond�t�ons, Borrower <br /> shall ha��the right to reinstatement of a mortgage.Those conditions are that Borra�ver: (a)pays Len.der <br /> a11 sums which then would be due un.der this Securi�Instrumen�and the Note as if no acceleration had <br /> occurred; (b}cures any defa�ult of any other covenants or agreemen�s; (c}p�.ys a11 expenses incurr�d in <br /> enforcing thi�Se�urity�nstrument,inc�uding,but not lirnited to,reasona���a��rne�s'fees,�rapert� <br /> inspection and valuat�on fees,and o�her f�es incurred for the purpase of prat��t�ng Lender's interest in <br /> �he Property and rights under th�s Security Instrument;and[d}takes such a�tion as Lender may <br /> reasanably require to assure that Lender's interest in th��'roperty and rights under th�s Secur�ty <br /> Instrument,and Borrower's obtigation to pay the sums secured by this Security Instrument, shall <br /> continue unchanged. However,Lender is not required to reinstate if: (i}Le�der has accepted <br /> reinsta�ement af�er the cammencement of foreclosure proceedings vvithin two years immediately <br /> preceding the cammencement of a current foreclo�ure proceeding; (ii}reinstatement will preclud� <br /> foreelosure on different grounds in the future;or�iii}reinstaternent wil�adversely affect the priority vf <br /> th�lien crea�ed by this Security Instrume�t. Lender may require that Barrower pay such reinstatement <br /> sums and expenses xn one or mt�re of the fol�o�ving forrns,as selected by Lender: (a)cash; (b)money <br /> order; �c)certif�ed check,bank checl�,treasurer's�heck or cashier's check,pro�ided any suc�i check is <br /> drawn up�n an institutiQn wh��e deposits are insured by a federal agency, instrumentality Qr entit�r;�r <br /> [d)E��c�'�aic Funds Tran�f�r.Upon reinstatement by Borrower,�h�s Security Instrument and abligations <br /> secured hereby sha11 remain ful�y effective as if no acceleration.had oc�urred.However,this right ta <br /> r��nstat�sha11 not app�y in the case of acceleration under Section 17. <br /> FHA�eed af Tnrst W ith M E RS-N E 913412D 14 <br /> Bankers SysEems� VMP� VMP4N[PVE)=15�6�.OD <br /> Wolters Kluwer Financial Services Page 92 of�? <br /> q�3351694�19 p�33 293 1�17 <br />
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