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201602156
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Last modified
7/23/2017 10:35:41 AM
Creation date
4/12/2016 10:04:33 AM
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DEEDS
Inst Number
201602156
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2� 1 ��215� <br /> In the�v�nt of�partial ta.king,destruct�on,vr l�ss in val�e o�'��ie Propert�in�hich�he fair mar�et <br /> �aiu�of the Praperty immediately bef�re the pait���taking,destru�tion,or toss�n.value i�less t�xan the <br /> amoun.t of the sums secu.ted�mmediately before the partia�takrng,de��ruction,or loss in value,unle�s <br /> B�rr�wex an.d Lender atherw�se agree in writing,the Miscellaneous�'roceeds sha.11 be agpl�ed to the sums <br /> se�cured�y t�iis�ecurity Instrument�vhether or not the sums are then due. <br /> If th�Proper�y is abandoned by Bor�ower,or if,aft�r noti�e by Lender to Borrower that the�pposing <br /> Party(as defn�d in the n�xt sen�ence}offers ta make an award to settle a claim for damag�s,Borrower <br /> fails to respQnd to Lender��thin 3U days after th�date t�e�oti�e is give�.,L�nder i�autharized to coliect <br /> and apply the M�scellaneaus Proceeds either to restora.t��n.or repair of the Prvperty or to the sums <br /> se�ured by this Security Instrurrient,wh�t}�er or not then due. "�pposing Party"means the third party <br /> that awes�a�ro�rer Mis�ellaneous i�rv�e�d�or th�party against whom Barrower has a rig�it af action in <br /> regard to l�iscella�.eous�oce�d�, . <br /> Borrawer sha�l be in defau��if any a�tian ar proceeding,wheth�r civil or criminal, is begun that, in <br /> Lender's judgment,cau�d result in forfeiture of the Property�r+�ther materia�impairment of L�nder's <br /> interest in the Prap�rt�or rig�ts under this Security Instrumen�. Borrower�an cure such a default and, if <br /> ac�eterat�an.h.as occurred,rei�n.s�ate as pro��ded in Section 1 S,by causing th�action or proceedin�to be <br /> dism�ss�d�vith a ru�ing that,in I�ender's 1udgment,pre�Iudes forfeiture of the Prapex`ty v�r oth�r n���erial <br /> impau7ment of Lender's interest in th�Prop�rty or ri�hts under thi�Secu.r�t�Instrument.Th�proceeds of <br /> any award or claim for damages that are att�ribu�able to the impairment of Lender's interest in the <br /> Property a.re her�by assigned and sha��be paid to Lender. <br /> A�1 Miscel�aneaus Proceeds that are not applied to r�stora�ion or regai�o�'t�e�'ro��rty shall be appl�ed in <br /> the ard�r provided for in Section.�. <br /> 1�. 8vrrower Not Relea�ed;F�arbe�ranceBy�.enderNot a�a�ver. Extension of the time for paymen� <br /> or modification of amortization af the su.�s secur�d b�th�s�ec�u.rit�Ins�rument granted.by�.ender to <br /> �orro�ver or any Successor in Interest of Barro�ver shatt�at aperate tv re�e�s�the Iia�i��ty�f�or���er or <br /> any Successors��n Int�rest of�ortower. Lender sha11 not b�required tt��omm�nce praceedin�s a�gainst <br /> any Successar�n Interest of Borro�er ar to refuse to extend time far payment or otherwise modify <br /> amortization of the sums secured by this Security Instrument by reason of any demand made by the <br /> original$orrower or any 5uccessors in Interest of Borrower.Any forbearanc�by Lender in e�erc�s�ng <br /> any right or remedy inCluding,without Iimitati�nA Lender`s acGeptaace of payments from third persons, <br /> �n�ities or��cc�ssor�i�Interest of B�rr�wer ar i�amounts less t�han th�amount then due, sha11 not be a <br /> waiver o�vr prec�ude t�e e�ercise af an�ri�ht or rem�d.y. <br /> 'i Z. Joint and Se��ra��.ia�i�ity;Ca-s�gne�rs;5ucces�orsand Assigns Bound.Sorrower covenants and <br /> agre�s that Borrow�r�s obligat�ons and liability sha11 be joint and se�eral, However,any B�rrc�wer tivho <br /> ca-signs�his Se�u�it�In�trument bu.t does n�t execute th�l�ote�a�'co-signer"): (a)is co-51��11L1�t�li5 <br /> Se�uri.ty In�trument vnly to mortgage,g�a�nt and con�e�th.�co-sign�r's�nterest i�the�'roperty u�der the <br /> terrr�s�f this Securit�Ins�rument;(b)is n�t per�onal�y a��igat��t�pay the sums secured hy thrs Secu�it� <br /> Instrument;�nd�c)agrees that Lender and any other Borro�ver can.agree to ext�nd,modify,farbear or <br /> make�ny accornn�odations with regard�o the terms of this Security Instrument or the Note without the <br /> C+O�S1���iI''S C+�IIS�'.�11.• <br /> FH►�Deed of Tnrst With M�RS-NE 913dIZD14 <br /> Woft rs Kf uwer Fi a c a 5�ices �MA4��Page 9��f.� <br /> q�335Z9Z3Q47 4233 327 1417 <br />
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