201602156 - Laserfiche WebLink

Browse

2� 1 ��215� by a lien which has pri�r�ty ov�r this Securxty Instrument;[b�app�aring in caur�;and(G)pay�n.g reasonable attorne�s'f�es to protect its interest in the�Proper�y andlor rights under th�s Security Instrument,includxng it�secured pasit�on in a�bankruptcy proceeding. Securing the Fraperty includes, but is not limit�d to,entering the Property#o make�e�ai��,change�ac1�s,replace or board�p d�vo�s and windows,drain�vat�r from pipes, eliminate bu��ding or other code violations ar dangerous conditi�n�, and ha�e utilities tum.�d on or aff.�.�though Lender may take actio�.under this�ection�,Lender does not have to do so and is�ot�tnde�a�y du�or obligation to do sa.It is agreed that�.ender incurs no liabr�ity far nat ta�ing any or a�l actions authorize�under this Section 9. An.y amounts disbur�ed by Lender unde�r this Sectxon 9 shal�b�come a�ditional de�t af Borrv�t�r se�u�red by this Security In.strument. These amounts sha��bear�nt�rest at the Not�rate from the date of �isbur�ement and��a��be payable,with such int�rest,upan not�ce frvm Lend�r ta Barrower re�uesting �aym�nt. If this Securit�r Instrument is�n a lease�aold,B�rra�er sha11 con�pl�with al�t�e�rav�sivns of t��ase. If Borrower acquues fee titte t��he Propert�,the leasehold and the fee title sha11 n�t merge unless Lender agrees t�the merger in writing. '!4. Assi�nmentof II�Iiscellan�ousP�oceed�;FarFeiture.Alt M�sce�laneous Proceeds ar�hereby assigned to and sha1�be paid to�.ender. If the Property is ctamaged, �uch Miscellaneous Proc�eds shall be applied ta restoration�r repa�r of the Proper�y,rf th�restoration vr re�a�.r�s economi�a�ly f�as�ble and�ender's se�urit�is n�t lessen�d. Durin�su�h repair and restoration period,Lender sha11 h�ve the right to hold such Miscellaneou� Proce�ds until Lender has had an opportunity ta inspect such Pr�perty ta ensure the tivork has b�en campleted to Lender's satisfact��.�pro�ided�ha.�.such inspectiQn shall b�underta.ken pram�tly,Lend�r may pay fbr the repairs and restoration i�.a single disbursement or in a series of progress payments as the war�is campleted. Untess an agreement is made in writing or Applicab�e Lavv requues interest to be paid�n s�.�h N�iscel�aneous Pro�eeds,�.ender shal�not be required to pay Borrower an�in�erest ar earn�n�s on suGh Miscellaneous Proceeds. If the restoration of r�gau is not econo�icall�feasible or Lender's security wou�d be tessened,the Miscellaneous Proceeds sha11 be applied to the surr�s secured by this Security Instrument,vvh��her or not then due,wi�h the exces�, if any,paid to Bortower. Such Misce��aneous pra�e�ds shall be applied in.t�e order provided�'o�in Section�. In the eve�t o�f a total tal�in�,destructi�n,vr loss in�alue of�l�e�'roperty,the Mrscel�aneous Fro�eeds �ha11 be app��ed to the sums secured by this Security Insfxument,whether or not then due,�v��h the excess,if any,paid t��orrower. In the event�f a partial taking�destru�tion,or 1os�in�a�ue of the Property in which the fair market value of the Property immediate�y befare the partial�a.kin�,dest�ction,or Ioss�n value is equa�to or greater th�n the amount of the 5ums secured�y th.�s Secur��y Instrument i�ediately before th��artial tak�ng,destruction,or loss in�a1ue,unless Borrow�r and Leader otherwise agree in writing,the sum� se�ure�i by this Securi�y'Instrument shal�be reduced by the amount of the M�sce�laneous Proceeds m��iplied by t�.e follo�ring f�ction;f�a�}�h�total am�un.t of the�ums se�ured imm�diately b�fore t�e part�a�ta.king,des�ru.ction,or loss in value divided by�b}the fair marl�et v�lue of the Proper�y immediately before the par��a�tak�ng,destru�tion,ar loss ia value.Any balance sh�11 be paid to Bono�ver. FHA❑eed of Trust With MERS-NE 913flf2Q�4 Bankers 5ys#emsTM� VMR� VMP4N[NE}�154fi}.04 Woiters Kluwer F(r�anc�aE Ser►rices Page 9 af 17 q�33529Z3447 �Z33 327 4917