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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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� <br /> � <br /> 2� 1 ��2323 <br /> to pre�ent the enforcement of the lien while those pmceedings are pending,but oniy vu�til such proceed�ngs <br /> are coneluded;or(c}secur�s fmm th�holder of the 1�en�n agreement 5atisfactory t�Lender subardinating <br /> the lien t�this Security Instrument,If Lender determines that any part of the Praperty is subject to a lien <br /> �vhich can attain priorifiy o�er this Security Instrument,Lender may gi�e Barrower a natice identify�ng <br /> th�lien. Within �4 days of the date on wh�ch that notice is gi�en,Borrower shal�satisfy th� �ien or take � ; <br /> one or more of the act�on�set forth abo�e in this Secti�n 4. �� <br /> Lender may require Barrower to pay a ane-time charge for a rea�estate tax�erification andlar rep�rt�ng . <br /> service use�.by Lender in c�nnection with this L�an. <br /> 5. Property tnsurance.Bornower sha�l k�ep the impru�ements now existing�r hereafter erected on <br /> the Pr�perty insured against loss by fire,hazards inc�uded within�he term"extended�o�erag�,"and any <br /> other hazards inc�uding,but nat lirnited to,eart�yu.akes and floods,for whi�h Lender requires insurance. <br /> T�his ir�surance shall be maintained in the arnounts�including deductibi�l��els)and for the pe�rivds that <br /> Lender requires.What Lender requires pursuant t�the preceding s�ntences can change durin�the term <br /> of the Loan,The insurax�ce�arrier pr��iding the insurance shall be chosen by Borrawer subj�ct to Lender'S <br />� r� ht ta disa ro�e B�rr�wer's choice,which right shall nat b�ex�r�ised unreas�nab��.Lender ma}� �• <br /> � PP <br /> require Borrawer to pay, in connectiox�with this�aan,either: (a}a one-time�harge for flaad�one <br /> determinatian,c�rtification and tra�king servi�es;flr�b}a�ne�time�harge for fl��d zone determi�ation <br /> and certificati�n services and subsequent charges�ach t�me rer�nappings or sirn��ar changes vccur which <br /> reasonably might affect such determination ar certifi�ation.Borrower shall also be responsible for the <br /> payment af any fee�imposed by th�Federal Emergen�y Management A�ency in connection with the <br /> re�iew of any tload zone determination resulting frvm an objection by Borrow�r. <br /> If Borrower fails to maintain any af the co�erages descr�bed ah��e,Lender may�btain insuraz�ce�o�era�e, <br /> at Lender's aption and Borrower's�xpense.Lender is under no obligation ta purchase�ny particular type <br />� ar amount af co�erage.Therefore,su�h caverage sha11 c���r Lender,but might or mi�ht nat protect <br /> Borrower,I3orrower's�quifiy in the�'roperty,or the contents of the Property,against any risk,hazrar�i o�' . � <br /> -,. <br />� �ia.bility and mi�h#�ro�ide greatex or lesser co�erage thar�was pre��ously�n ef�ect.Borr�wer acknowledges <br />� that the cost nf the insuran�e Go�era e so obtained rnight si�n�ficantly exceed the��st�f insurance that . <br /> . � , , , . <br /> Barrower could ha�e obtained.Any amounts d�sbursed by Lender under th�s Sectian 5 shall became <br /> additional debt of Borrower secure�by this Security Instrument.These am�unts sha�l bear interest at the <br /> Note rat�frvm the date�f disbursement and shall be payab�e,with such interest,upon natice fr�m Lender <br /> to Barrawer rec�uesting payment. <br /> A1�insur�n�e policies required by Lender and renevvals af such policies shall b�subject ta Lender's right <br />. to disappro�e such policies,sha11 include a stan�ard martgage c�ause,and sha�l name Lender as m�rtgagee <br /> ar�dlor as an additional Ioss a ��.Lender shall�a�e the right ta hold the palicies and renewai c�rt}fica�es. <br /> pY <br />� If Lender requires, Borrower shall prornptly gi�e to Lender all receipts of paid prerniums an�renewa1 �. <br /> notic�s.If Borrower abtains any fa�of insuran�e co�erage,not Qtherwise required by�.ender,f�r �� <br /> da.ma�e to,or destru�tion of,the Property,such palicy shall�nclude a standard martgage Glau�e and shall <br /> name Lender as mvrtgagee andl�r as ar�add�ti�na� loss payee. . <br /> In the e�ent af lass,Borraw�r shall g��e prompt noti�e to the insurance�arrier and Lender. Lender may ; <br /> make pro�f af�oss if no�made promptly by Barrower. Un�ess Lender and Borrower otherwise agree in <br /> writin an insurance roceeds,whether or not the under�ying insurance was required by Ler�der, shall � <br /> �� Y p <br /> � <br /> ; <br /> ��as��avso � <br /> �1�ti� ; <br />, vrN� <br /> Wblters Kiuwer Finencial Se�vices �01fiDaU715.1.D.311�-�2�151124Y lnitials. Pefle�of 1l •, <br /> • .� <br /> �I <br /> .i <br /> � <br /> " �i <br />
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