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201602198
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Last modified
7/23/2017 10:37:33 AM
Creation date
4/14/2016 8:54:29 AM
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DEEDS
Inst Number
201602198
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2� 1 ��2198 <br /> As used in this Security Instrument: �a}words o f�he masculine gender sha11 mean and inc lude <br /> corresponding neuter words or words of the feminine gender; �b}words in the singular sha11 mean and <br /> include the plural and vic�versa; and�c)the word "may"gi�es sfl�e discre�ion�vithout any obligation to <br /> take a�.y a�tion. <br /> 'I C. Bvrrower's Copy.Borrower shall be given one cop�of the Note and of this Security Instrument. <br /> ��. Transfer of the Propertyor a Beneficia�lnterest in Borrovwer.As used in this S�ction 17, "Interest <br /> in the Proper�y"means any legal or beneficial�nterest in the Property, including,but not 1imi�ted to, <br /> �hose benefi�ial intere�ts transferred in a bond for deed,contract for deed, insta�Iment sales contract or <br /> escrow agreement,the intent of wh�ch is t�ie transfer of titie by Borrower at a future date to a purchaser. <br /> If a�l or any par�of the Propert�ar any In�erest in th�Property is sold or transferred(ar�f Borrower is <br /> not a na�ural person and a beneficial interest�n Borra�ver is sold or transferred}t�vithout Lender's prior <br /> wr�tten consent,Lender may require immediate payment in fu�1 of a11 sums secured by this Security <br /> Instrum�nt. However,�his option sha�1 not be exercised by Lender if such exercise is prohibited by <br /> Applicable Lav�, <br /> If Lender�xercises this opti�n,Lender sha11 gi�re Barrotiver natice of acceleration. The notice shall <br /> provide a period of n.o��ess than 3�days from the date the notice �s given in accordance with Section 14 <br /> �vithin which Borro�ver must pay a�l sums secur�d by this Security�nstrument. If��rro�ver fa���to pay <br /> these sums prior to the expiration of this period,Lender may invoke any r�medies permitted by this <br /> Security�n.strument without�.rther notice or d�mand.on Borra�ver. <br /> �I 8. 8orrower's Righ#to ReinstateAft�r Acceleration.If�orrower meets certain con.dit�ons, Borrower <br /> sha11 have the right to reinsta.tement af a rx�o�r-�gage. Thase conditions are that Borrower: �a}pays Lender <br /> all sums�hich then would be due under this Security Instrumen�and the Note as if no acceleration had <br /> occurred; �b}cu.res an�defau�t of an�other covenants or agreements; (c}pays all expenses incurred in <br /> enfqr�ing this Security Instrument,�ncluding,but not limited to,reasonable attorn��s'fees,��operty <br /> inspectYon and valuation fees,and other fees incurr�d for the purpose of protecting Lender's interest in <br /> the Property and rights und�r this Security Instrur�ent; and(d}takes such action as Lender may <br /> reasonably require ta assure that Lender's interest in the Froperty and r�ghts under this Security <br /> Instrument,and Borro�ver's obligat�on to pa�the sums secured by this Security Instrument, shail <br /> c�ntinue unchanged. HoWever,Lender is nat required to rein�ta.te if: �i}Lender has accepted <br /> reinsltatement after th�commencement of fore�losur�proceedings vvithin�vo�ears immediately <br /> preceding the commencement of a curren�fareclosure proceeding; �ii}reinstatement wil�preclude <br /> foreclosure on different�rounds in the future;�r(iii}reinstatement will adversely affect the priority af <br /> the�ien created by this Security Instrument. Lender may require that Borro�rer pay such reinstatement <br /> sums and�xpenses in one or more of the follo�ing forms, as se�ected by Le�.der: �a)cash; (b}maney <br /> order; �c)certified check,ban�check,treasurer's check�r cashier's check,provided any�uch check is <br /> drawn upon an institution whose deposits are insured by a federal agency, instrumentality ar entity;or <br /> (d}E�ec�ronic Funds Transfer.Upon reinstatement by Borrower,this Security Instrument and obligations <br /> secu.red hereby sha�l remain fu11y�ffeGtive as if no acceleration had occurred. However,this right tn <br /> reinstate sha11 nat apply in the case of acceleration under Section 17, <br /> FHA Deed vf Tr�st V11ith MERS-NE 9f3412�14 <br /> Bankers Systems�++ VMP� V�P4N{NE)(15U6}A4 <br /> Wolters K��twer Financial Services Page 12 of 17 <br /> q�335385�889 �Z33 359 1z17 <br />
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