Laserfiche WebLink
2� 1 �� 181 � <br /> by a lien which has�riorit�r over this�ecuri#y Instrument; (b)appearing in court;and(c)paying <br /> reasonab�e attorneys'fees tv protect its interest in the Property and�or rights under�his Security <br /> Instrument, including i�s secured position�n a bankruptcy proceeding. Securing the Property�ncludes, <br /> �but is n�t limited ta,e�te�ring the Propert��o n�a.1��repairs,chang��oc1�s,replace or l�aar�l�p doors and <br /> �vindows,drain�ater fcom pipe�, eliminat�bui�ding or other code violations or dangerous conditi�ns, <br /> and have urilities turaed on or aff.Although Lender may take action under this Section 9,Lender does <br /> not ha�e to do so�n.d�s no�under any dut�or obl�gatio�to do so,It is agreed that Lender incurs no <br /> �ia�ility f�r not taking any ar a11 action�author�zed under this Section 9. <br /> Any am�unt�d�sbursed by Lend�r under this Sect�vn 9 shall became a�dditional d�bt o�Borrowe�secured <br /> by this Securi�y Ins�rument.These amounts sha11 bear interest at the Note rate from the date of <br /> disbursement and sha�l be payable,with such in�erest,upon no�ice from Lender to Bonv�ver requesting <br /> payment. <br /> If this S�curity Instrument is on a ieasehotd,Borrotiver shal�carnply w��h at�the pr��isians af the lease. <br /> If Barrov�er acquires fee title ta the Property,the leaseh��d and the fee tit�e sha11 not merge unless <br /> Lender agrees to the m�rger�n�vriting. <br /> �!�. Assignm�ntaf IlAiscellaneousPrviceeds;ForFeiture.�11 Misce�laneous Froceeds are hereby <br /> assigned to and sha11 b�paid to Lender. <br /> �f the Property is damaged,such Miscellaneous Proceeds sha11 be applied to res�oration or repair of the <br /> Property,if the res�tora#ion flr repair is eco�.�omie�.ily�ea�sible and Lender's security is nat�essened. <br /> During such repair and r�s�oration peri�d,Lend�r sha11 have the right to hotd such Miscellaneous <br /> Fraceeds until Lender has had an opportunity to inspect such Property to ensure the work has be�n <br /> comple�ed to Lender's satisfac�ion,pro�ided that such inspectian�ha�l be undertaken promg��y.Lender <br /> may pay for the repairs and restoration in a single disbursement or in a series of progress payments as the <br /> �ork is�ompleted.Un1e�s an agreement is made in�riting or Appticable Lav�requires�nterest to�e <br /> paid on such Miscellaneaus Proceeds,L�nder sha��no�be required to pa�Borro�ver any interest or <br /> earnings on such Miscellaneous Proceeds.If the restoration or repair is no�economically feasible or <br /> Lender's security would be lessene�,the Miscellaneous Praceeds shalt be applied to the sums s�cured by <br /> this Security Instrument,whether or not th�n due,with�he excess, if any,paid to Borrower. Such <br /> Misce��a�eous Proc��d�shal�be�pplied i�.the order pravided for in Section 2. <br /> In the event of a total taking,�estruction,or loss in�alue of�the�'roperty,�he�Vliscellaneous pr�ceeds <br /> shall b�applied to the sums secured by this Secur���nstrument,whether or�.ot then due,�vith the <br /> excess, if any,pa�d to Borrower. <br /> In the even�of a partial t�king,destruc�ion,or loss in va�ue of the Property in which the fair ma�rke� <br /> �a�u�of the Froperty immed�ately before the partial taking,destru��ian,or lass in value is�qua1 to or <br /> greater than the amount of the sums secured b�t�is Security Ins�irrient i.mrr�e�.iat�Iy bef�r�the partial <br /> ta.king,d�struction,or ioss in value,unless Borrower and Lender othel-�vis�agree in�r�.ting,the sums <br /> secured by this Securi�y Instrument sha11 be reduced by the amount of�he M�scellaneous Praceeds <br /> multiplied by the fo�lo�ving fraction: (a}the�atal amount af the sun�s secured immediately before the <br /> pa.rtial taking,destruction,or loss in vatue divided by�b}the fair market value of the Property <br /> immediately befare the partial taking,destruction,or loss in value.Any balance sha11 be pa�d to <br /> Borro�ver. <br /> FHA❑eed of Trust With MERS-NE 9i341�014 <br /> Bankers Sys#ems�+ VMP� VMP4N(NE�(154B}Ap <br /> Wolters Kluwer F[nanc�al Serv�ces Page 9 of 1l <br /> q�3351694219 4233 �93 fl917 <br />