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201607625
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Last modified
7/28/2017 10:00:21 AM
Creation date
11/15/2016 8:57:54 AM
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DEEDS
Inst Number
201607625
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I <br /> 2� 1 ��7�25 <br /> any award or claim for damages that are attributable to the impairment of Lender's�nterest in the Property <br /> are hereby assigned and shall be paid to Lender. <br /> All Miscellaneous Proceeds that are not applied to restoration Qr repair of the Praperty shall�e applied <br /> in the arder pro��ded far in �ection 2. <br /> 'I�, Borrower Not Released; Forbearanc� By Lender Nvt a Vllai�er, Extension of the time for <br /> payment or modification of amortizativn of the sums secured by this Security Instrument granted by <br /> Lender t�Borrower ar any Suc�essar in Interest of Borrower shal�n�t operate ta release the liability�f <br /> Borrower or any Successors in Interest af Barrawer.Lender shall not be required to commence praceedings <br /> against any Successor in Interest af Barravver or to refuse to e�tend time f�r payment ar otherwise modify <br /> amortization af the sums secured by this Security Instrument by reason of any demand made by the <br /> original Borrower or any Successors in Interest�f Borrower.Any forhearance by Lender in exercising <br /> any right or remedy including,without limitation, Lender's acceptance of payments from third persons, <br /> entiti�s or Successors in Interest of Borrawer or in amounts less than the amount then due, shall not be <br /> a waiver of or prec�ude the exerc�se af any right vr remedy. <br /> '13. Joint and Se��ral Liability; Co-si�ners; Suc��ssors and Assigns Bound. B�rrovver <br /> co�enants and agrees that Borrow�r's obligati�ns and liability shall b�joint and se�eral.Hovve�er, any <br /> Borrower vvho co-signs this Security Instrument but does not execute the Note�a��C�-signer"}: �a}is <br /> co-signing this Security Instrument anly to mortgag�,grant and canvey the co-signer's interest in the <br /> Property under the terms of this Security Instrument; �b��s not persona��y ob�igated tn pay the sums <br /> secured�y this Security Instrument;and(c}agrees that Lender and any other Borrower can agree ta <br /> extend,mod�fy,forbear or ma.ke any accammodations with regard to the terms of this Security Instrument <br /> or the Note without the co-signer's consent. <br /> Subject to the pro�isions of Section 18,any Successor in Interest of Borrower who assumes Barrower's <br /> obligations under this Security Instrument in writing,and is appra�ed by Lender, shall obtain aIl of <br /> Barrower's rights and benefits under this Security Instrument.Borro�ver shall not be released from <br /> B�rrower's obligat�ons and liabi�ity under this Security Instrument unless Lender agr�es ta such release <br /> in writing. The co�enants and agreem�nts of this Security Instrument shall bind(except as pro�id�d in <br /> Sectian 2��and benefit the succe�sors and assigns of Lender. <br /> 14. L�a n C ha rges. Lender may charge Borrower fees for services performed in connection with <br /> Borraw�r's default,far the purpase af protecting Lender's interest in the Praperty and rights under this <br /> Security Instrument,lI'lC�L1C�1�1g,but nat limited to,attorneys'fe�s,pr�perty inspection and�aluatian fees. <br /> In regaxd to any oth�r fees,the absence of express authority in this Security Instrument to charge a spe�ific <br /> fee to Borrower sha��not be construed as a prahibit�on on the charging af such fee.Lender may not <br /> charge fees that are expressly prahib�ted by this Security Instrument ar by Applicabl�Law. <br /> If the Loan is subject to a�avv which sets maximum laan charges,and that law is f nally interpreted so <br /> that the interest ar other loan charg�s collected or ta be collected in connect�on with the Loan exceed the <br /> permitted i�mits,then: (a}any such loan charge shall be reduced by the amount necessary to reduce the <br /> charge to the permitted limit;and�b�any sums already collected fram Borrower which exceeded permitted <br /> Iimits wil�be refunded to Borrower.Lender may choose ta make this refund by reducing the principal <br /> owed under the Note or by making a d�rect payment to Borrower. If a refund reduces principal,the <br /> 1138827543 <br /> 11115 <br /> VMP� <br /> Wbiters Kluwer Financial Services 201fi103116.1.0.3537-J2�1fi�219Y knitials: Page 11 of'!7 <br /> 11 1 '` <br />
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