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201607217
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Last modified
7/28/2017 8:44:37 AM
Creation date
10/31/2016 9:12:17 AM
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DEEDS
Inst Number
201607217
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2� 1 ��7217 <br /> by a iien vvhich has priority o�er this Sec�rity Instrument;(b}appearing in court;and�c)paying <br /> reasanable attorneys'fees to pratect its interest in the Property andlor rights under this Security <br /> Instrument,including its secured position in a bankruptcy proceeding. Securing the Praperty includes, <br /> but is nat limite�to,ent�ring the Praperty to make repa�rs,chang���c�s,replac�flr board up doars and <br /> wind�ws,drain water from pipes,eliminate building ar other code�ialations or daagerous canditions, <br /> and ha�e u�ili�ies turned on or�ff.Although Lender may take acti�n under this Section 9,Lender does <br /> n.ot ha�e ta d�so and is not under any du�r or obligation to do so. It xs a�reed that Lender incurs no <br /> liability for not ta�ing any or all actions authori2ed under this Section 9. <br /> Any amaunts disbursed by Lender under this Sectian 9 shall bec�me additianal debt of Barrower secur�d � <br /> by this�ecurity Instrument.T1�e�e amounts sha�1 bear interes�at the Note rate from�he date of <br /> di�bursement and sha��be pa�ab�e,�vith such ir�.terest,�p�n n.otiee fr�rn Len��r to Borto�rer request�ng <br /> payment, <br /> if this�ecurity Instrurnent is on a leasehold,Borr�wer shall c�mply vvith al�the provisions of th�lease. <br /> If Bonower acquires fee title to the Property,the l�asehold and the fee tit�e sha11 not rnerge unless <br /> Lender agrees t�the merger in wr�ting. <br /> '�4. �tss�gnm�ntvf Mi�ce��anear�sProceed�;Fc�rte�tUre.���Mi�ce��aneo�s�'roc�eds are hereb� <br /> as�ig�aed to and sha11 be paid to Lender. <br /> If the Property�s damaged,such Misceilaneous Proceeds shal�be applied ta res�Qrati�n ar repair of the <br /> • Property, if the restoration�r repair�s economicall�r feas�ble and Lender's security is not lessened. <br /> During such repair and restorat�on peri�d,Lender sha11 have the rigbt ta h�ld such Miscellaneous <br /> Proceeds until Lend�r has had a�opportunity to iaspect such Proper�to ensure the wQrk has been <br /> completed to Lender's satisfaction,pro�ided that�uch inspectiQn shall be und�r�aken promptly. Lender <br /> may pay for�he repairs and res�aration in a single disbursem�n�or in a series�f progr�ss payments as the <br /> wark is cornpleted.U�aless an agreement is made in�vriting or Appiica�le Law requires interest to be <br /> paid on�uch Miscellaneous Proceeds, Lender sha11 n�t be required to pay Borrower any interest or <br /> earnings Qn such Miscellaneous Proceeds.�f the restoratian ar repair is not eco�omically feasible or <br /> Lender`s security would be lessened,the Miscellaneous Proceed�sha1�be applied to the surns se�ured l�y <br /> this Security Instrument,whether or not then due,with the excess,if any,paid to Borrower. Such <br /> Miscellaneous Proceeds sha�l be applied in the order pr�vided for in Sectian 2. <br /> �n the event of a tata�t.�.kiflg,de�tructian,or�oss�n va1u�af'the�roper�y, ��e Mrscel�aneaus Pr�ceeds <br /> shall b�appl�ed to the sums secured by this Securi�y�ns�rumen�,whether�r not then due,vvith�he <br /> excess,if any,paid to Borrawer, <br /> In the e�ent of a partia�taking,destxuctian,or loss in value af the Property in which the fa�.r market <br /> value of the Property immediately befare the partial�taking,destrueti�n,or loss in value is equal to�r <br /> greater than the atnount of t�e surns secured by this Security Instrument imm�diately before the partia� <br /> taking,destructian,or lass in�a1u�,unless Borrower and Lender atherwis�agree in�rit�ng,the sums <br /> secured by this Security Instrument shall be reduc�d by the amount of the Misceilaneaus Pr�ceeds <br /> muttiplied by the follawin�fraction; �a�the tatal amount of the sums secured immediately befare the <br /> partial taking,destructian,or toss in va�ue di�ided by(b}the fair market value af the Property <br /> imm�diately before the partial taking,destructian,Qr loss in value.Any balance s�a11 be paid to <br /> Borrower. <br /> FHA De�af TrustlNith MERS-NE 9�3412t114 <br /> Bankers SystemsT�+ VMP C�7 VMP4N(NE)t�5�6}.�4 <br /> Wvlters I{luwer�inan�ial Services Pags 9 of i 7 <br /> q�33G�7456�4 a233 318 �917 <br />
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