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201606443
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Last modified
7/24/2017 3:46:13 PM
Creation date
9/29/2016 10:08:43 AM
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DEEDS
Inst Number
201606443
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2� 1 ���443 <br /> �n the event of a par�ial taking. dest�liction,or 1o�s in��altie of the �'ropert�in�vhich the f�air market <br /> �a1ue af the Proper�y immedrat�ly befare the par�ial taki�l�.destr��ctian,a�r loss i1�value is less tha��th� <br /> amount of th�su��s se�ured ir�rnediately before the pax-tial ta.king,�lestruct.ion, or loss in��lue,ur�less <br /> Bor�o�er and Lender otherwise agree iX�writing,the Miscel�ai�eous Proceeds sha1�be applied to th�sums <br /> secured by this Security Ins�1-ume��t��he�her or not the surns are then due. <br /> If t�ie Property is aba�idor�ed by�orrotiver,or�f, after not�c�by Lender to Barro�ver t��at���e�pposin� <br /> Party(as defined in�h�next sentence}offers to make an awa�d ta settie a c�aim for dama�cs, Bor�avver <br /> fa.iis to respond to Lend�r wit��i���3�days after the date t���notice is�;iv�r�, Lcnder�s aut��ori�ed to callect <br /> and apply the Miscel�aneous�roc�eds either tfl restoration or repair of the�'r�pel�ty or ta the sums <br /> secured by this SecE�rity rtistru��rient,whet��e�r or riot ���e���ue. "�pposir���'arty" �nea���s t�ae t��ird party <br /> that owes�orrowcr Misccllaneo���Pro�ccds ar t:hc party a�ainst�whor�n Bo1-ro��cr has a right c�f action i11 <br /> re�ard to Miscellaneou��'r�ceeds. <br /> F3arrower shall be in d�fau�t if any ac�ion or proceeding,�vhether ci�ril or�~riminal, is b�gun that, in <br /> Lender's judgrner�t,could resu�t i�.�'orfe�tz�r��#'the propert�ar other m�ter�a� irr��a���-nent af�ender's <br /> in�erest in the Propel-ty or rights under this Secur�ty Instrument. I3ar��wer can c�.�re such a default ai�d, if <br /> acceleration has oce��r�ed,reinstate as pro�ided in Se�tior� 1$,by causing�he actian or proee�ding to�e <br /> dismissed�v�t.h a r��ling tha�, in Lender's��dgment,preclud�s forfeit.ure ot"the Proper�y or athex-mat.erial <br /> impairmen�of Le�nder's ii��erest in the Property or ri�hts under this Security Instr�Ymert�t. The praceeds of <br /> any a���rd or��aim for damages that are attrib��table to the impairrne��t of Lender's interes� in the <br /> Proper�y are hereby assign�d a��d sh�.�1 be pard to Lex7der. <br /> All Miscellaneaus Proc�eds tha�are not applied to r�stora�ion or repair of the �'roperty shall b�applied in <br /> thG ordcr pro�idcd for i� Scctiiot�2. <br /> '!'1. Borrv►rver Nv� Released;ForbearanceBy Lenderhlot a Wa�rrer. Extension of the t�me for payment <br /> or madificatian of amortizatiox�of the sur�ns secured by#:his Security Znstrument�rant.ed by Le�ider to <br /> Borrpwer or any 5uc�essor it�Inreres�af�3or-r�wer sha��nat opera�e ta re�ease�he liabilit�of�3orro�ver or <br /> an�r St�ccessors in In�erest of Bor�ow�r. Lender shall not be required to commence proceedings agarnst <br /> any 5�ccessor i��Interest ot�Bo1-rower or to refuse to extend rime far payment or otherwise mo�ify <br /> amortizatiori of the su�ns secured by�his Sec�xrity Ix�struine�lx by reasoi�of ar�y dernai�d made by the <br /> original Bor�•a��ver or ar�y Successors in Zn�erest of�3onotiver.Any forbeara��c�by Lender ir�exercising <br /> a�ly right or remedy includii�g,��vithout limitation, Le�lder's acceptan�e of paymetxts froin�hird persons, <br /> er�tities ar Successors�n In�erest af Borra�wer or rn a�mounts�ess�harz the amotzr�t theYT����, sh�.�� no�be a <br /> ��ai�t�er of or preclu�e the ex�rcise of any righ�or remedy. <br /> 1�. Jo�nt and Se►reral Liability;�o-�signers;Successors�nd Assigns Sound.Barrower covenants and <br /> a�re��that F��rro�ver's c�bli�ations anci liabili�y shall be joint anc�severa.l. However, ax-�y Borr�wer�vh� <br /> co-signs this Security Instrument but does not ex�cute�he Not��a "co-signer"}; (a)is co-sig��i�g this <br /> S��uri�y Ii�strumen#only t�xncart�a�e,�rar�t an�i c�c�nvey the cc�-si�taer'�inter��t�n the Prc�perty under the <br /> terms of this Security Ins�rument; (b} is�not p�rsonally obligated to pay th�sums s�curcd by this 5�crrrity <br /> �n�trutnent;anc�(c;}a�rGe�that Ler�c�er ai�c�any other�3�i�rc�wer c�.�.i�a�;r�e tc�ext.�nc�, �nc��ify, fc�rbear c�r <br /> make any accommodations��vith regard i�a the terrns af this Security Instr��m�nt or�hc Note witha���the <br /> ca-signer's conse��t, <br /> FHA Deed�f Trust 1Nith MERS-NE 9�3��2U14 <br /> Bankers 5y�temsTM VMP C�7 VMP4N�hiE}(15�?5}.OQ <br /> Wolters Kluwer Fir�ar�cial Services Pag�1 D a�17 <br /> qo3�s7���a�� o��� �o� Zo1� <br />
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