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201605790
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Last modified
7/24/2017 3:19:52 PM
Creation date
9/6/2016 9:42:53 AM
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DEEDS
Inst Number
201605790
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2� 1 ��579� <br /> As used in this Security Inst�ument: �a)words of the masculin�gender�ha11 mean and include <br /> eorrespandiag neuter words or words af the femin�ne g�nder; �b)words in the singular sha11 mean and <br /> include the p�ural and vice vers�.;and(c}the ward"may"gives sole discretion withot�t any obligation ta <br /> take an�act�on. <br /> �I C. Bvrrvwer's Cvpy.B�rrower shall be giv�n one copy of the Nate and of�hi� Se�urity Instrument. <br /> ��. Transfer of the Prop�rty or a Benefic�a�lnterest in Barrower.As used in th�s�ecti�n 17, "Interest <br /> in the Pr�per�y"means any legal�r beneficial interest in the Property, including,but not limited to, <br /> thvse benef cial�nterests transferred in a bond for deed,contract for deed,installmeat sales contract ar <br /> es�row agreemen�,the intent of which is th�transfer of title by Borrower at a future date t�a purchaser. <br /> If all or any part of the Proper�y or an��nterest�n the Praperty�s sold or transferred(or if Borrotiver is <br /> not a natural pers�n and a b�n�ficial interest in Borrower is sa�d or�ransferred}�vithout L�nder'�prior <br /> �rr�tten consent,Lender may require immediate payment in full of att�um�secured by this Security <br /> Inst�rument. Howe�er,this optian sha11 not be ex�rcised by Lender if such exerc�se is prohi�ited�y <br /> Appticable La�. <br /> If Lender exercises th�s option,Lender sha11 give I3onaw�r n�tice of a�celerat�on. The notice sha11 <br /> provide a period of not less than 3�day�from the date the not�ce is given in accardance with Section 14 <br /> �vithin which Borrower mu�t pay al��ums seeured by this Securi�Instrt�ment. If B�rrovver fails to pay <br /> these sums prior to th�expiration of this peri�d,Lender may inv�ke any remedies permi�ted b}�this <br /> 5ecurit�Instrument�vithou�further natice ar demand on Borrow�r. <br /> �I 8. Borrower's Right to ReinstateAfter Accel�ratior�.If Borrower meets certain conditions, Borrower <br /> sha11 have the right t�reinstatement af a mQrtgage. Th�se conditians are that Borrower: �a}pays Lender <br /> all sums which then would be due under this Security Instrument and the Note as if no acce�eratxon had <br /> occurred; (b}cures any default of an�other cavenants or agreements; (c}pays a11 expeases incurred in <br /> enforcing th�s�e�urity Instrument, including,but not limited to,reasonable attarneys'fees,pr�perty <br /> inspection and valuation fees,and ather fees incurred for the purpose of protectin�Lender's int�rest�n <br /> the Property and right�under�hi�Security In�trumen.t;and�d}tal�es such action as Leader may <br /> reasonably require tv assur�that Lender's�nteres�in the Property and rights under this Security <br /> Instrument,and Borrower's obligatian to pay the sums secured by this�ecurity Instrumen#,sha�� <br /> continue unchanged. However,Lender is nat required t�reinstate if: (i}Lender has accepted <br /> reinstatement a�er the commencement of for�closure proceedings�vithin t�uo years immediatel}� <br /> precedin.g the commencement of a current fareclosure praceed�ng; (ii)re�nstatement wi11 pr�clude <br /> foreclosure on different ground�in�he future;or(iii}reins�atement�vill ad�ersely aff�ct the priority of <br /> the lien�reated by this Security Instrument. Lender rnay requ�re�hat Barrower pay such reinstat�rnent <br /> sums and expenses in on�or more of the fo�lowing forms,as�elected by Len�er: �a}cash; (b)money <br /> order; (c}certified check,bank check,treasurer's check or cashier�s eheck,pro�ided any such check is <br /> drawn upon an xnstitution whose deposits are insu.red b�a federal agency, instrumentality or entity;�r <br /> �d}Electronic Fu�ds Traasfer.Upon rein.statement by Borrower,this Security Instrument and ob�igations <br /> s�cured hereby sha11 remain fully effect�ve as if no acceleration had occurred. However,this right ta <br /> reinstate sha��no�apply in the case af acceleratian und�r Section 17. <br /> FHA De�+d o"f Tn�st With MERS-NE 913�12�14 <br /> Bankers SystemsT�+ VMP� VMP�N(IVE}[95�B),4U <br /> IIVo�ters Kluwer Financ�ai Services Page 12 of t? <br /> q�3359816158 U233 35� 1217 <br />
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