Laserfiche WebLink
201605678 <br /> but is not limited to, entering the Property to make repairs, change locks, replace or board up doors and <br /> windows, drain water from pipes, eliminate building or other code violations or dangerous conditions, <br /> and have utilities turned on or off. Although Lender may take action under this Section 9, Lender does <br /> not have to do so and is not under any duty or obligation to do so. It is agreed that Lender incurs no • • <br /> liability for not taking any or all actions authorized under this Section 9. <br /> Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured <br /> by this Security Instrument. These amounts shall bear interest at the Note rate from the date of <br /> disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting <br /> payment. <br /> If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. <br /> If Borrower acquires fee title to the Property, the leasehold and the fee title shall not merge unless <br /> Lender agrees to the merger in writing. <br /> 10. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby <br /> assigned to and shall be paid to Lender. <br /> If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the <br /> Property, if the restoration or repair is economically feasible and Lender's security is not lessened. <br /> During such repair and restoration period, Lender shall have the right to hold such Miscellaneous <br /> Proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been <br /> completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender <br /> may pay for the repairs and restoration in a single disbursement or in a series of progress payments as the <br /> work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be <br /> paid on such Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or <br /> earnings on such Miscellaneous Proceeds. If the restoration or repair is not economically feasible or <br /> Lender's security would be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by <br /> this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such <br /> Miscellaneous Proceeds shall be applied in the order provided for in Section 2. <br /> In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous Proceeds <br /> shall be applied to the sums secured by this Security Instrument,whether or not then due, with the <br /> excess, if any, paid to Borrower. <br /> In the event of a partial taking, destruction, or loss in value of the Property in which the fair market <br /> value of the Property immediately before the partial taking, destruction, or loss in value is equal to or <br /> greater than the amount of the sums secured by this Security Instrument immediately before the partial <br /> taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the sums <br /> secured by this Security Instrument shall be reduced by the amount of the Miscellaneous Proceeds <br /> multiplied by the following fraction: (a)the total amount of the sums secured immediately before the <br /> partial taking, destruction, or loss in value divided by(b)the fair market value of the Property <br /> immediately before the partial taking, destruction, or loss in value. Any balance shall be paid to <br /> Borrower. <br /> In the event of a partial taking, destruction, or loss in value of the Property in which the fair market <br /> value of the Property immediately before the partial taking, destruction,or loss in value is less than the <br /> amount of the sums secured immediately before the partial taking, destruction, or loss in value, unless <br /> FHA Deed of Taut-NE 9/30/2014 <br /> Bankers SystemsDA VMP® VMP4R(NE)(150601 <br /> Writers Kluwer Financial Services Page 9 of 17 <br /> t.9 <br />