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201607457
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Last modified
7/28/2017 8:55:51 AM
Creation date
11/7/2016 1:09:06 PM
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DEEDS
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201607457
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2� 1 ��7457 <br /> In t�1e e�et�t of a pa��tia� �akit��, destructi���, c�r l�ss i�� va��ze of the �'rc�p�r�y i�� w��icl� tl�e fair i-nark�t <br /> val u� of the Pr�perty iir�mediately beforc tl�e pa�•ti al tak�r1�;, de5tr�.�cti on, c��- 1 oss i n �a���� i s 1�ss than th� <br /> arnout7t of�l�e s��ms s�cured i�n�r�ec�idtely b��c�t-e t��� paz-tidl tak�n�, de5�r��c�iUn, �r 1c��5 ia� va�uc, ����1e5� <br /> B�rrow�;r and L�nd�r otherwis� a�;rce i n wri�i t��, th� �i�c��l�i��e��i� �'r��ccc;ds sh��1 b��appl i�d t� �h� <br /> s�ims s�c��r�d by th�s Security Ins�r��n7�n� wl��t��cr c�r�-�ot thc sL��r�S a����het� d���. <br /> if�l�e Prop�r�y is dbd��do��ed by �3�rrc�wer, or if', a�ter����tice by ��c��c��r to �3��-��owcr tl�at th� C�ppoSin� <br /> Party �as d��i�-��d in tl�e nex�se���e���e� ❑fic�•s t� mak�ar� award to s�t��e a clai�� fc�r darr�age5, �3orr��r����� <br /> fai ls to respat�d to Le��der w��:hi�� 3� days a[ter�hc date tl�� ��o�icc is �i�en, L���d�r is autl���'1'LLC� t(3 <br /> ��l l�ct and apply ti�e M is�el laneo�zs Yr�ceeds eith�r t� restora�ion or repdir of the I'rop�r�ty or to the <br /> sums sc�;��rcd b�th�s Secur�ty ���s�r���r�ei�t, whe�h�x•c���n��t tl�et7 d�ze. "�pposin��'arty"' mc�a��s the tl���•d <br /> party�hat owes I3orror�v�r iV�isccllaneo�rs �'ro�;�cds�r���e party a�;ai��st w��o�n �3ot•r�wcr has a ri�l�t of <br /> ac��or� in re�;drd t� M isce��a��co�.xs �'�•�ceeds. <br /> �3orrower si�all �� in default if a��y acti��� �r px'(3C�LC�11��, w�7c����r ci�il �r cri�nii�al, i� b������that, in <br /> Lender's jud�tnent, cauld res��lt ii� f'flrfeiture of t��e �'rop�rty c�r ot��er tnat�ria� impair�r��j�� af'L1ei�c�cr's <br /> i��terest in the Pr�per�y or ri�;l�ts u�7d�r this S�c��rity Inst��rine��t. 13c�rro��v�:r can c��r� s�icl� �G�t�fault a���, <br /> if acceler�tian has accurred, rei��stat� as pro�ide� it� 5�ction 19, by causi���tl�e ac�i�r� ox�proce�c�in� <br /> #a be distn�5sed vvith a ruling tl�at, �t� Lc;n���r's�����;������, prcc����.��s �arf'cit�ir�Uf the Yr�p���ty or oth�r� <br /> �na�erial impairm�nt of Lende�'s i��tcr�st in tl�e Pro��erty ar ri�;l�ts �.uzt�er t��is S�c��rity I����r�im����. `I,hc <br /> pr�ceeds of any award or clai�n for dair�a�es tl�at a��e attributabl�to the it��pairm�:���of'Lci�dcr"s ir�tcr�s� <br /> in�he Property are h�reby a.ssig���d ai�d s��al� b� paid�U Lender. <br /> Al� Miscclla��eous Pro�e���s tl�at ar� nat app�ic�d t� re�t�ration�r r���air o�'t��� �'��o��t�ty� s��al� be appli�d <br /> i���he order prflvided f�r in S�ction 2. <br /> '�2. Barrn�nrer IVot R�leased; Fvrb��r��r�� E3y L�r���r �1ot � V11�ior�r. F���cr-�s�c}r1 c�f�t�7� <br /> tirne f�r paym�nt or rnodi�f�ica�io�� oi�a��zo�•ti;catic��� o�'t��� s�r���s sGcur'LC� by f�715 �t'C:Llt�ity Ii�St�-ui���nt <br /> gran��d by Lender to �3orrowcr ar a��y S�tcc�ss��z� �r� l��t�rest of'13o��rc�we�•sl�a�� ��ot op�r��e tc� t-cl���s� <br /> the liability of'Borro�nr�r or a��y S�r�c�ssc��•� i�� IntGr,�st �f�orrower. L�t�d�r s�za�l ��ot be r�q�zired �o <br /> co�r��ne��c� pt-oceedin�s a�;ai�-�st a��y �ucc�s�ax• i�� �l�ter�s�o�'�3orrc�wer ar t� r�T��se i�cxt�a�c��itne <br /> f�r paym�nt or othcrwisc rn�dify am�rtizati�n o#�the s�.t��s secured b�this S�curity I�-��tr�.zmci-�� by <br /> rca�on Uf a;7y dem�nd �na�e by�he origina� Lal r�wcr ar a��� �uccessc�rs in ��-���r�st c�f'�3orrc�wc��. <br /> At�y f�rbearat�ce by Lender i�-� �x��cisirzg at�y r��l�t c�r z�emec�y incl��ding, w�thv�ft ��mitati�n, Le��d�:r's <br /> accep�a��ce of'paymel�t5 fro�-n t��ird perso��s, e��ti�ic�s or Suc�essors it� ����er�st of �3�r�•��w�r c�r i��t <br /> amout�fis less than th�amn��nt thep d�ze, shall ��ot be a wai��r of ar p�-ecl���i�th�excrci5e c�f'any rigl�t or� <br /> r�;medy. <br /> '��. Joint and Se��ral Liak�i�ity; ��-sigr��r�; �ucc��svrs �nd A��igns Bour��. �3arrc��ver <br /> �o�e�-�ants�.nd a�rees t�7at Borrowc�r's �b���;a�i���s���d 1 iabi 1 ity s��a�1 b��oi nt�n� ���e��al. ��owc�er, <br /> at�y �3�rrower wl��co-s��n���iis Sec��rity ���s�r���ne��t but d��s r�ot ex�c���e tl�e No�c�a "'c��5i����r"}: <br /> �a} is co�si�;���n�;thi5 Sec�,�rity In�i��uin�nt only to �r����a�e, �ratzt ai�d conv�y th� c�Wsi�;���r�'s i���crest <br /> in the �'roperty ut-�der the tei�ms of tl�is Scc;�.�i ity It�str���n�nt; �b� is not p�rs�nally obl i�a�ed t� pay tl�� <br /> SUt�17S S�C:�II"�C� by �:I1I5 SLL'L1I'1�� I!`ISti-�z��ne��t; a��c� �c} �t�rec�s that I�er�dcr and any athe� �3orr«w�r c��� <br /> agree ta ex�end, modify, forbear or makc ar�y �cco�nin�dat�ons witlz r��;ar� t�th� te�•rns of'�l7is Security <br /> Instr�.�ment c�r th�No�e wi�ha���tl�e co-�i��7er'� �:Ul�sca�t. <br /> I-iC�G-[]�353 <br /> N�:F3f�i�5FCf1-�5ingle f���mify-F"anr�i�M�clf�reddie MaG L.1NIf�CJRM INS'T#�iJPJiE_N�� f arrn 3Q�8 1101 <br /> V M f'CH� �]�!1�i <br /> Wolters Kiuwer frir7ancia�5ervices �0�61 U�E3�:.i.3.�.35U9�J101���?.�Y �'�ge'!1 of 1y <br /> #�1(]�f��9��6�1�'" <br />
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