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201602323
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Last modified
7/23/2017 10:39:48 AM
Creation date
4/19/2016 8:41:49 AM
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DEEDS
Inst Number
201602323
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2� 1 ��2323 <br /> �� <br /> ; <br /> � <br /> any award ar clai.m for damag�s that are attributab�e to the impairment of I�nder`s interest in the Property � <br /> � <br /> are here�y a.ssigned and�hal�be paid to L�nder. � <br /> � <br /> All Miscei�ar�e�us Praceeds�hat are not applied to r�starati�n ar repair of the Property sha���e applied <br /> i�the arder pro�ided for in Secti�n Z. ' <br /> '��. B�rr�wer N�t Rel�ased; Forbsaran�� By L�nder Not a V11ai�er.Extension of the time for <br /> payment or rr��dification of am�rti2ation af the sums secured by thxs Security Instrument granted by <br /> Lend�r ta B�rrawer or any Su�essor in�nterest�f Borrow�r shall nnt operate to reiease the liability of <br /> Borrower or any Successars in Interest of B�rrvwer.Lend�r shal�not be r�quired to evmmence pr�ceedings � <br /> agair�st ar�y Successor in Interest of Barrower or to refuse to extend time for payment or atherwise modify <br /> amartization of the sums secured by this Security Instrument by reasan of a�y demand made by the <br /> ori$ina�Borravver or any Successors in Interest of B�rrower.Any forbearance by Lender in exercising <br /> �x�y right ar remedy i�nc�uding,without limitation,L�nder's acceptance of payments fram third.persons, <br /> � ent�ties or Successors�n Interest of Borrower or in amounts less than the amaunt then du�,shall n�t be <br /> a wai�er af or pnec�ude the exercise of any right 4r remedy. <br /> '13. Joint and Se�era� L�abi��ty; �a-s�gner�; Successvrs and 14�signs 8ound. B�rr�wer <br /> covenants and agrees th�t Borrvwer's obli��tions ax�d liability shall be j��nt and se��ral. Howe�rer, ar�y <br /> Borrawer wha co-signs this Security Instrum�nt�ut does not e�ecute the 1�I�te�a"co-signer"}: [a� is <br /> c�-si in thi5 Se�uri Instrument only to mar�gage,grant and�on�ey the co-signer's interest in th� <br /> � � � . . . . <br /> Praperty under the t�rrns af th�s Secur�ty Instrument;(�} 1s not p�rsonally ob�lgated ta pay the sums <br /> secured by this Security Instrument; and(c�agrees that I�ender an�any other Borrower can agree tv <br /> extend,madify,forbear or make any accommadations with regard to the terms of this Secur�ty Instrument . . <br /> or the N�te without the ca-signer's consent. <br /> Subject t�th�pra�isians of Section �S,any Successor in�nterest of Borrower who assumes B�rrower's <br /> obl��atic�ns under this Security Instrument in writing,and is apprn�ed by Lend�r, shall obtain all�f <br /> Bvrrower's rights and benef ts under this Secur�ty Instrument. Borrawer sha��not be released from <br /> Sorraw�r's obligations and�iability under this Security In�trument ur�less�ender agree�to su�h re�ease <br /> in�vrit�ng. The ca�enants ar�d agreements vf this Security Instrument�ha11 bind�except as pro�ided in <br /> Section 2��ar�d b�ne�t the suc�essars and assigns af Lender. <br />' 14. Lvan Charg�s. Lender may charge Borrov►�er fees for services perfornned in conn�ction with <br /> , <br />� Barrowe�s default,for the purpose of protecting��nder's interest in the Pr�perty an�rights under this <br />� Security Instrument,inciuding,but not�imited to,attarneys'fees,property inspection ar�d�aluation fees. ` <br /> In regard to atly other fees,the ab�en�e of express authority in this SeCurity Instrument t�charge a s�ecific <br /> fee to Borrawer shall not be constru�d as a�rohibitian on the charging of such fee.Lender may not <br /> charge fees that are express�y pr�hibited by this Security Instrument ar�y Applicable Law. <br /> If the Loan is subject to a law whi�h sets maximum Yo�nn charges,ax�d that law is f na�ly interpreted so <br /> that th�interest or other�oan charges ca�Iected or ta be co��ected in connectian with the Loan exceed the <br /> permiited limits,t�en: �a}ar�y such��an charge shall be reduced by the amount necessary to reduc�the <br /> �harge to the perrn itt�d�irn it;and�b�any sum s already c�i lect�d from B�rrower wh xch exc�eded perm itted <br /> limits will be refunded to Bvrrow�r.Lender may choos�to make this refund by reduc�n�the principa� <br />� av�ved under the I�1ate ar by making a direct payment tv Barrower. If a refund reduces principai,the z <br /> i 1466144� <br /> 11115 <br /> VMP� <br /> Vlb�ter�Kluwer Financiai 5arvive� 2��80�407i5.1.Q.3112�l20151124Y Initials: Ps�e 11 of 17 <br /> . <br />
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