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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 /> Sulaject to the prov�sion�of Sect�on 17,an�r Successar in Interest af Barro�er who assumes Borrower's <br /> obligations under this Security�.n.s�rument��r�riting,and is ap�rov�c�by Lender, s}aa11�btain a11 af <br /> Borrawer's rights and�en�fits under this Security I�strum�ent. Bo�o��r sha��n.�t�e released.�'rom <br /> $orrower's obligations and liability under this Security Instrument u�il.�ss Lender agre�s to su�h re�ease <br /> �n writing. The co�renants and agr�ements of this Security Instrument sha11 bind�except as pravided in <br /> Sectior� i�}and benefit the success�rs and assigns of Lender. <br /> '!3. Lv�n�har�es.Lender may charge$orrower f�es f�r serv�ces p�rf�rm�d in cvn.nection wi��$orrower's <br /> default, for the puxpose of protecting Lender's interest in the property and right�under this Secu.r�t� <br /> Instrument, including,but nat�im�ted to,attorn�y�'fees,prop�rty inspection and valuat�on fees. Lender <br /> may collect fees and c�arges authorized by the Secretary. L�nd�r may nat charge fees that are expressly <br /> prohibite�by this Security Instrument or by Appl�cab�e�aw. <br /> If the Loan is subject to a�ativ wh�ch sets maximum laan charges,and that law is finally interpreted sa <br /> that the interest ar other loan charges cal�ected or t�be collec�ed in cann�ction w�th the Loan exceed the <br /> permitte�1imi�,�hen: (a)any such loan eharge shall be�reduced by the amount ne�essa�ry to r�duce th� <br /> c�arg�ta the permitted��mit;and�b)a�.y sums already�o�lected from Bonower which exceeded <br /> perm��ted li�i�s�ill b�r��inded to�orr�r�er.Lender r.�ay c�oose ta make this refund by reduci�.g the <br /> princi�pat ow�d under the Nat�or by�naking a du�ct pa��nent to B�rrowe�. �f a�ef�nd.redu�Ges pri�.cipal, <br /> the reduction�v�ll be trea�ed as a gartra�pr�pa�ment with no changes in th�due date�r in the month�y <br /> pa�ment amount unless the Lender agrees�n writing to those�hanges. Barro�er's accepta.nce of any such <br /> refund made by direct payme�.t t�Borrower�v�tl constitute a waiver of any r�ght�f acti�n Borrawer <br /> might hav�ar�s�ng out of such o�r�rcharg�. <br /> '14. Nnt��es.All n�ti�es gi�en by Borrower�r Lender in connection w�th�his Security In.strument must b��n <br /> writin�.Any not�ce to Borro�er in connection with this Security Insirument sha��be deemed to ha�� <br /> been given�a�o�r�wer�hen mailed by firs�c�ass mai�or when actuatly delivered to Borrotiver's natice <br /> address i�sent by other means.Noti�e to any one Borrawer sha��cnnstitute notice to a11 Borr�wers unl�ss <br /> �pplicahte Law�xpre�sly requires oth�rwis�.The not�ce addre�s sha11 be�he Property Addr�ss unl�ss <br /> ���o�ver�as designat�cl a subst�tute notice addre�s b�notice t�Lend�r.Bor�'t�vver Sha��promptly <br /> n�tify L�nder of Borrower's chang�of address.If Lender sp�ec��'�es a pr�cedure for reporting Borrower's <br /> chan�e af address�then Borro�ver shall only report a change af address�hrvugh that sp�cxf�ed pro��dure. <br /> There may b�only one designa.ted not�ce address under this SeGurxty Instrume�t at any one time.An.y <br /> notice to Lender shall be given by deliverin.g it or by mai�ing it by fust class mail to Lender's address <br /> stated herein unZess Lender has designated aao�her address by notice to F3nrro�ver.Any not�ce in <br /> connectian with�his Securi��nstrurnent sha11 not be deemed to ha�v�been given to Lendex until actually <br /> �'�cei�ec�by�.ender.I�any notice required by t�is Se�urity.Instrument is a�so requued under App�icable <br /> Lavv,th�A�ap��cab1��Law�equire�ent witl sa�is�th���rresponding�equirement under this S��urity <br /> Instrument. <br /> 'I 5. �flvern�r�gLaw; Sev�rab�f�ty;Rufes of Canstru�ti�n.This Security Instrument sha11 be governed by <br /> fet�eral�avv and the�aw a�the j�.st�ictian in w�ich the F�roperty is locate�i.All r�ghts and abliga�ians <br /> contained in thts Security Inst�rument are su�ject to a�y requ�ements a�nd limitations of Applicable La�. <br /> App�icab��Law might explicitly or implicit�y a�i��v the parties ta ag�e�by cantract or it m,ight be sil�nt, <br /> but such silence sha11 not be construed as a prohibitian a�ainst agr�ement by contract. In th�e�ent that <br /> any provisi�n or clause of this Security Instrument or the N�te conflicts with App�icable Law, such <br /> conflict shal�not affect o�her pro�isians of this Secur�ty Instrument or the Nvte whi�h can be gi�en effect <br /> wii�hout the conflicting pro�rision. <br /> FHA deed af Trust With MERS-NE 9f3QfZQ14 <br /> 9ankers Systems'TM+ VNlP� VMP4N�NE}{154B}.4� <br /> I�lo�ters 1{luwer Financiaf Services Page 11 of 17 <br /> q�33529�3�47 9Z33 3�� 1117 <br />
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