201605994 - Laserfiche WebLink

Browse

2� 1 ��5994 by a��e�.�vhi�h has pr�or��r�ver�h�s S�curity�nstru.ment; (b)ap�ea�r�ng in cvurt;and�c}pay�u� reasvnable att�rne�s'fe�s ta protect i�s interest in�he Frapert�andl�r righ�s under this Security Instrument, including��s secured position in a bankrup�cy proceeding. Secur�ng the Property includes, but is not Iimited�o, �ntering the I'roperty to make repa�rs,�hange Ia�ks,rep�ace or baard up doors and �vindow�,drain�vater from pipe�,eliminate bui�ding ar other c�de violations or d�ngerous conditions, �.nd have ut�lities turned�n or�ff. Although Len�ier may tal�e act�on under�h�s S�ct�on 9,Lender does not ha�e to do so and is not under a�y duty or obli�ation to do so. It is agreed that Lender incurs no l�abi�ity for nat t�,king any or all actions au�horized un.der this Section 9. Any amounts disbursed by Lender under this Section�sha1��come additiona�debt qf Borrower secured by this Security Instrument. Th�se amounts sha11 bear interest a�the Note rate from the date af disbursernent and shal�be pa}�able,with such interest,upon notice from Lender to Borrawer requ�sting payment. If this Securi�In.strument is on a leasehold,Borrower sha�l comply with a�l the pro��ians of the lease. If Borrower acquires fe�trt�e to the�'roperty,the tea�e�old and the fee t��te s�aZZ�.ot merge un�ess Lender agrees to the mer�er in wrxting. '1 a. Assignmentof AlliscellaneousPr�ceeds;Forfeitur�.A11 Miscellanevus Proceeds are her�by as�igned to and shall be paid to Lender. If the Pr�perty is damaged� �uch Miscellaneous Proceeds sha11 be app�ied to rest�ration or repair of the Property,if the restorat�on ar repair xs economical��r feasib��and Lender'�secur�ty is nat�essened. During such repair and restoratioa period,Lender sha��have the right to hold such Miscellaneous Proceeds until Lender ha�had an opportunity to in�pect such Pr�perty tfl ensure the work has been camp�e��d to Lender's sa�isfact�on,provided that such insp�ctian sha11 be undertaken promptly. Lender may pay for the repairs and restoration in a single disbursement or in a series of progre�s payment�as�he �ork�s�omp�eted. Un�ess an agreem��t is made�n.wr�t�r�g or Applicable L�w requires interest to be paid on such Miscellaneaus T'roceeds,Lender shal�not be required to pay Borro�er any interest�r earaings on such N��scellaneous Proceeds. If the restoratior�or repair is not economicaily feasible ar Lend�r's security�vou�d be I�ssened,the�i�cel�an�aus Proceeds sha��be app�x�d t��the s��s sec�'�d b� this Security Ins�rum�nt,�vhether or nat then due,with the excess, if any,paid to Borrovver, Such Miscellaneous Proceeds sha11 be app�ied in the order provided for in Se�tion�. In the e�ent of a�otal taking,destruction,or�oss in�alue t�f the Property,�he Nlisc�l�aneous Pr�ceeds shal�be applied to�he sums secured by this S�curi�Instrument,whether or nvt then due,�v��h th.e ' excess, �f a�.y,�a�d to Borrow��. In the�vent of a partial taking,destru�tion.,or lass�n vaiue of the Property in which the fa�r market value of the Property immediatel�before the partial takin�,de�truc�ion,or loss in va�ue is equal to or greater than the amvunt af the sum�secured by th�s Securit�r Instrument�mmediatel�before the pa,rt�al taking,destruction,or�oss in value,unless Borrower and Lender otherwise agree in writ�ng,th�sums secured by th�s Secur�t�Instrument shall be reduced by the amQunt of the Mi�cellaneo�s Proce�ds multiplied by the follawing fraction: [a}the t�fi,al amount of the sums secured immediately bef�re the partiat taking,des�ruction,or loss in value div�ded by[b)the fair market value of the Property irnmediate�y befc�re th�partia�ta�ing,d�struction,or�oss�n�a�ue.A�.y�a�ance�ha��be pa��to B�rrower. FHA�eed of Trt�s#With MERS-N� 913�12014 Bankers Systems'� V�,AP� VMP4N4NEj(�5fl8).D4 Walters Kl�we�Financial Services Page 9 0#17 q433�023�997 D�33 572 �91a