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201603476
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Last modified
7/24/2017 2:03:26 PM
Creation date
6/6/2016 9:11:05 AM
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DEEDS
Inst Number
201603476
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2� 1 ��347� <br /> As used in this Secu.rity Instrument: �a�words of the masculine gend�r sha11 mean and include <br /> conesponding neut�r words or wards of the feminine gend�r; (b)words in the singular shali mean and <br /> include the plural and vice versa;and(c}the word"rnay''gives sole c�iscr�t�on w��hout any abligation to <br /> take any action. <br /> �I fi. Borrvwer's Gopy.Borrower sha��be given one copy of the Note and of this Security Instrurr�ent. <br /> �I 7. Transfer nf the Pr�operty or a Beneficiaf�r�terest in Borrower.As used in this Section 17, "Interest <br /> �n the Property"means any legal or beneficial interest in t�he Property, in�Iuding,but not�imited�o, <br /> those ben�ficial interests�ransfened in a bond far deed,cvntract for deed,ins�a��ment sales contra�t�r <br /> escrav�ag�eement,the intent af tivhich is�he transfer af title by Borrower at a future date�o a purchaser. <br /> If a�t ar any part of the Property or any Inter�st in the Property is sald or transferred(�r if Borr�we�is <br /> not a natural person and a beneficial interest in�orrower is sold or transfened}without Lender's priar <br /> �iitte�CQnS�nt,L�nder ma�re��.ire immediate payme�t in ful�of a�l sums s��ure�by this Security <br /> Instru.ment. Howe�er,this optian sha��not be exercised by Lender if such exerc�se is prohibited by <br /> Applicable Law. <br /> If Lender exer�ises this apti�n, Lender sha11 gi�e Borrotiv�r notice of acce�eration. The notxce sha11 <br /> pro�ide a period of nat less than 3�days from the dat�the notice is given in accordance�vith Section 14 <br /> w��hin�rh.i�h Bt�rrvwer must pay a��s�r�s s�ct�r�d b�r this Se�urit�Instrument.If Borrower fails to pay <br /> these sums priar ta the expiration af this periad,Lender may�nvoke any remedies permitted by th�s <br /> Security Instrumen�without further notiGe or demand on Bonower. <br /> '18. E3arrower`s Rightto ReinstateAiter Ac�eler�ation.If Borra�ver meets certain conditions, Borrower <br /> �ha��have the right ta reinstater.�ent of a mortgage.Thos�conditions are that Borrower: �a)�ays Lender <br /> a11 sums which then wautd be due under this Se�urity Instrument and the Note as if no acce�eration had <br /> occurred; (b}cures any defau��of any other�ovenants or agreements; (c]pays a�l expenses incurred in <br /> enforeing this Security Instrument,inciuding,bu�not limited ta,reasonable attomeys'f�es,property <br /> inspection and�aluation fees,a�d other fees incurred for the purpose of prote�tir�g i.er�d�er�s int�rest in <br /> the Property and rights under this Security Instrurnent;and(d}�akes such action as Lender may <br /> reasonab�}r re�uire to assure that Lender's�nterest in the Property and rights under this Security <br /> Instrument,and Borro�rer's obti,�ation to pay the sums s�cured by this Se�urity I�strument,sha�� <br /> cantinue unchanged. Hawever,I�ender is na�requir�d tv reinstate if; �i}L�nder has accepted <br /> reinstatement after the�ommen�ement af foreclosure proceedings within two years im�nediately <br /> preceding the commencement of a curr�nt foreGlasure proceed�ng; (ii)rein�tateme�t tiv��l prectud� <br /> foreclasure on diff�rent grounds��the futur�e;or�iii)reinstatement w���advers�ly aff�ct the priority of <br /> the�ien cr�ated by this Security Instrument. L�nder may require that Borrower pay such reinstatement <br /> sum�and expenses in one or more of the fallowing forms,as selected by Lender: (a}cash; �b}money <br /> order; (c}certified check,ban�check,treasurer's check or cashxer's check,prov�ded any such check is <br /> dra�vn upon an ins�itution whose depos�ts are insured by a federal agency,inst�umental�t�or entity;or <br /> (d)Electronic Funds Transfer. Upon reinstat�ment by Borro�r�r,this Security Instrument and ob��gations <br /> secured hereby shall remain fu�ty effective as if no acce�eration had oce�rted. Ho�ever,this right to <br /> rei�sta��sha���ot appl�in the case of acce��ra�ion und�r Section 1'�. <br /> FHA d�ed vf Trust Wit��lERS-NE 913�f2414 <br /> Bankers Systems7"�+ VMP� VMP4N(NE}[150fi}.4� <br /> VElolters Kluwer Financia!5eivices Page 12 of 17 <br /> q�3357�124?3 �3233 315 1�17 <br /> . ` <br />
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