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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 /> by a li�n which has priority over this Security Instrument; (b)appearing in co�xrt;and�c}paying <br /> reasonable attorneys' fees ta protect its interest in the Property andlor rights�xnder this Sec�rr��y <br /> �nst�-u��ent, �nc�uding its secured position�z�a�a���-�.�ptcy pro�ee�i��g. �e�t�ring�he PrQperty i�7�lr��es, <br /> but is not limited�o, en��rir�g the Property to make�repairs.change Iacks, replace o�r board��p�oo��s and <br /> windo�vs,drain`�ater frorn pipes, eiim�nate br�ildin�or other�o�le��i�latians or dangero�i5 cor�ditia��s, <br /> and hat�e uti�ities turrl�d on or oft'. Al�hot�gh Lender inay ta�Ce action u��der th�s Sec:tion 9, r.�x�dcr does <br /> not hav�to do so a�ad is riot under any duty or oblig��ion�a do sa. �t is a�reed that Lcnder i��curs no <br /> liabilit�for nat#aking any or all actions au#horiz�d u��.der this Section 9. <br /> Any amaunts disbursed by Lender under tihis�ection 9 shall become addit�ana�debt of�3anower secu�red <br /> by t��is 5ecurity Instrumeta�, These amounts shall bear�x�ter�st at.the l�nte rat� fro�xz t��e date af <br /> disb�ar�cmc��and shall bc payablc,wi�h st�ch intcrest�,t�pon notiee from Lcndcr�a Borrowcr rcques�ing <br /> paymet�t. <br /> If this Se�urity Ii�s�xltment is on a l�as�hald, Bor�o�er shall cornpl�with all the pro�isions of the lease. <br /> If��rra�ver acq�zres �'ee trt�e ta�he�raper-�y, the �easeho�d a��d the fee t�t�e sha�� r�ot�merg�un�ess <br /> Lerld�r agrees�o the mer�er irl writii�a�. <br /> 1�. Assi+�nmentaf MiscellanevusProce�ds;Forfeiture.A�� Misccl�anco��s��occcd�a�•c hcrcby <br /> assigned to and�hall be paid to Lender. <br /> If the property is darnaged, such Miscelianeo��s Proceeds�hali be applicd to restaration or repair of the <br /> Property, if th�rest�ratiot�or repair is econom�c�.��y feasib�e and Ler�der•'�se���rr��rs��ot�essene�. <br /> D��ring such repair and restoratioi�period, Lender shall have the right to hold such Mis�ella��eous <br /> Proceeds untit Lender has had an opp�rtunity�o inspect such Prape�ty to ensure the work has been <br /> completed ta Lender's satisfacti�n,provided that such inspection shall be unde�-�aken promptly. Lender <br /> may pay for the repairs ar�d restaratian in a single disbursement or in a series of progress payr�ents as the <br /> work xs compl��ed. Unless an a�reemei�t is made ix�writin�or�lpplicabie La�v reqt�ires ii�terest to be <br /> paid on suc�Miscel��neou�Froceeds, Lender sha�l i�at be re�uired�o pa�r Borra�ver any ir�tere��ar <br /> eaxnixags on such Mrscellaneous Proceed�. If�hc restorati�n or repair i�11a�econoxnicali� feasibie or <br /> Lender's security would be lessened, the Miscellanea��s�'raceeds�hall be applied ta the sums secured by <br /> this Security I��stru�nei�t,whether or��at then due,��v�th the�xcess, if a��►y, paid�o Borrower. Sl�ch <br /> Misce�laneaus Proc�eds sha11 be applied in the�rder provided for i�a Sectian 2. <br /> In tihe event of a tt�tal takin�,de�tructic�n,�r I�ss ir��a1ue of the Froperty,the Misc�llaneo�zs Proceeds <br /> shall be appiied to the sum5 se�ure�by this�ecurity Tns�rument,�vhe�her or not then d��e,�vith the <br /> �;xce�s, if any,pa�d tc��3Unc���er. <br /> In the event of a partial takii�g, d�structioia, or�oss ii��alue of�he Propertiy if��vhich th� C�ir ma�-ket <br /> value of�he Property i�nmediately before�he partial taking,destructioi�, or lass in��l�ze is equal �o or <br /> g�eater than the ainount of the sums sec�rred by this Sec��rit����str�xrneY�t imrnediately be#are th�partial <br /> taking,[��S�111G�1017,flT�QSS 111 Vallle,1111IeSS 8�1�"�We1 a17d L�17CI�1 Qt�7eI�V1S�a�r�e 11�W11�111g,,the sums <br /> � secured by this Security Ii�str���nent shall be reduced by th�amourlt af the M�sce�laYl�ous�'roc�eds <br /> multiplied�by the fallo�ving fract�on: �a}�he to�al amount of#he sums�ecured irnx�nediately before fhe <br /> partial taking,destructioi�,or loss it�►value divided by(b}the fa�r rnarket vatue of the P�operty <br /> irnmedia�ely before the partial tal�ir�g,dest�lrc�ion,or loss ix�value. Any balat�ce shall�e paid to <br /> Borrower. <br /> FHA❑eed af Trust With M�FtS-NE 913(]Il�?1� <br /> Bankers Syst�ms�"� VMP� VMF��iN{NE)(15��}.fl() <br /> Wolt�rs Kluwer Financial Servi��s F�ag�9�f 17 <br /> qo�35��9���z oz�3 �o� a�7� <br />
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