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201605994
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Last modified
7/24/2017 3:27:53 PM
Creation date
9/13/2016 2:00:04 PM
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DEEDS
Inst Number
201605994
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2� 1 ��5994 <br /> ��the even�af a par�ial ta.king,destructia�,or�ass in value�f the Frop�rty�n vv�ic�t��fair market <br /> �alue of the Property�r�nmediately hefore the par#ia�taking,d�struction,or loss in value is less than the <br /> amount of the su�ns s�cur�d immediatel�before the partial taking,t��s�ru�tion,or lo�s in va1u�,un��ss <br /> Borrvwer and Lender oth�rw�se a�ree in writing,�he Miscellaneous Proceeds�ha�i be app�ied ta the sums <br /> �ecured by this S�curity Instrument wbe�her or nat the sums are the�due. <br /> If the i'ro�ert�i�abandoned by Borrotiver,�r�f,after notic��y�en�er�o��rro�ver that t���ppas�n.g <br /> Par�y(as defined in the next�entence)offers to rnake an award to settle a�laim f�r damages,Borrovv�r <br /> fa�ls ta respond t�Lender within 3�days after the d�te the�atice is given,Lender is auth�rxzed to coilect <br /> and app��r the Miscellaneous Froceeds either t�res�or�tion or repau of th�Pro��rty or ta the sums <br /> se�ured by th�s Securi�y Instr�ment,�vheth,er or not then due. "�pposing Par�"means the thixd�aar�y <br /> that�we�Borrower ll�iisc�llaneous Proceeds ar the party against vvhom Borrower has a right of action in <br /> re�ard ta Miscellaneous Proceeds. <br /> �3orrower sha��b�in default if any action or proce�ding,wh�ther civil�r criminal, is b��un that, in <br /> Lender's judgmen�,cau�d r�sult in forfeitu.re of t��Fr�perty or other materia��mpairm�nt af Lend�r�s <br /> interest�n the Property�r right�u�.der this�ecurity Instrument. Borrovver can�ure such a default and,if <br /> acceieratian has vccurred,reins�ate as pr��ided in Se�tion 18,by causing th�ac�ion or pr�ceeding tv�ae <br /> dismissed with a ruling that, in Lender's judgment,prec�udes f�rfeiture of the Proper�y or ath�r material <br /> impairment vf Lender's interest in the Prapert�r'ar rights under this S�curity Instrument. The proceeds of <br /> any award or c�aim for damages that ar�attributable to the impaument of Lender's interest�n the <br /> Propert�are hereb}�assigned and shali be paid to Lender, <br /> Ali Misce�lan�ous Froceeds tha�ar�not applied to restorat�on�r repai.r of the Frap�rty sha��be applied in <br /> the order provided for in Section�. <br /> 'I'I. Borrower Not R�leased;ForbearanceBy LenderNot a Wai��r. E�tension of the time for pa3rment <br /> or rr�vdif catio�.of a�ort�za��or�of the sum.s secured b�th�s Sec�r�t}��n.s�ment grant�d b�Lender tv <br /> Borro�er or any Successor in Int�res�of Barrower sha11 not operate t�release the liability of$orrower or <br /> any�u��essars in�nterest of Bo�rrower. Lender sha11 not be required to c�mm�n�e proce�dings again.st <br /> any�uccessor in Interest of Borrawer ar to refu�e to extend t�me for payment�r atherwise modify <br /> a.mor�ization of the surns secured by this S�curity Instrument by reason af any demand made b}�the <br /> original Borrower or any 5�ccessors in Interest of�orrawer,An�farbearance by Lender in exercising <br /> any right or remedy including,without Iimitation,Lender'�acceptance of payments from third persons, <br /> entities or Successors in Interest of Borro�er or in am.ounts 1es�than the amount�h�n due,sha�l not�ae a <br /> waiver of or preclude the exercise of any right or remedy. <br /> 'I�. Joint and Se��r�al Lia�ilit^�;�o-s�gners;Suce�ssorsand Assign�Bound.Borrower covenants and <br /> agrees that Barrower's obligations and liabi�i�y sha11�e jotnt and several. Howe�er,any Borrovver wha <br /> co-s�gns this�e�urity Instrument but do�s not execute the�ote(a'#co-signer"}: (a�is co-signing thrs <br /> Secur�ty Instrument�nly to mortgage,grant and canvey the co-signer's int�rest in the Property under the <br /> terms of�his S�curity In�trument;�'b}�s nat persanally�b�igat�d to pay the sums sect�.red by th�s�ecurity <br /> Instrument;and�c}agrees that Lend�r and an�other�o�-�r�wer can agree to extend,modify,farbear or <br /> make any accommodat�ons vvith regard to the terms of this Security Instrum�at�r th�Note withvut the <br /> co-sign�r`s consent. <br /> FHA Deed of Trust Wi'ttt MERS-NE 91�412Di4 <br /> Ba�kers 5y►s#emsT�" VMP� VMp4N�NE}�150B).� <br /> Wa�ters Kiuwer Financial 5erv�ces Page'IQ vf 97 <br /> qQ336n�3�39? U233 5a2 1Q17 <br />
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