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201607892
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201607892
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Last modified
7/28/2017 10:07:31 AM
Creation date
11/23/2016 11:45:32 AM
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DEEDS
Inst Number
201607892
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2� 1 ��7892 <br /> As used in this Security Instrument: (a}words of the ma�culine gender shall mean and in�lude <br /> c�rrespanding neuter wards or words of the feminine gender; (b)words in the s�ngular sha11 mean and <br /> inc�ude the piural an�vice versa;and(c}the word"may"gives sole discretion without any obligatian�o <br /> ta.ke an�action. <br /> 'I fi. Borrower's Copy.Borrower sha11 be gi�en one copy of the Note and of this Secur�ty Ins�rument. <br /> 1?. Transfer of the Praperty or� B�n�ficiallnter�st in �orrower,As used in this Section 17, "�nterest <br /> in the Pr�perty"means any 1ega1 or benefxcial interest in the Property, including,but not limit�d to, <br /> those beneficial interests transferred in a bond for de�d,contract for deed, installment sales contract ar <br /> escrow agreement,the intent of which�s th�transfer of tit�e by Borrotiv�r at a future date ta a purchaser. <br /> If a11 or any part of the Praperty or any Interest in the Property is sold or transferred(ar if Borrower is <br /> not a natural persan and a bene�cial interest ir�Borr�wer is sold vr transferred}without Lender's prior <br /> writ�en consent,Lender may require immediate payment in fu��of al1 sums secured by this Security <br /> Instrument, However,this option sha11 nat be exerc�sed by Lender if such e�ercise is prohibited by <br /> App�icab�e Lativ. <br /> If Lender exercises this option,Lender shall give Borrower notice of acceleration. The notice sha11 <br /> provide a period of no�less than 3�days from the d�te the notice is giv�n in accordance with Sect�on �4 <br /> �vithin whi�h Borrower must pay a11 sums secured by this Secur�ty Instrument. If BQrro�rer fails to pay <br /> these sums prior to th�expiration of this period, Lender may invoke any remedies permitted by this <br /> Security�Instrument without furth�r n�ti�e�r demand on Borrower. <br /> 'I 8. Borrower's R�ght to Rein�tateAfter Acceleration.If Borro�ver meets eerta�n condition�, Borrower <br /> shall have�he right to reinstatement of a mortgage. Those condi�ions are that Borrower: (a}pays Lender <br /> a11 sums which then would be due under this Security Instrument and the Note as if na acceleration had <br /> occuned;(b}cures any default of any oth�r covenants or agreements; (c}pays a11 exp�nses incurred in <br /> enforcing this Security Ins�rum�nt, including,but not limited to,reasonabl�attorneys' fees,property <br /> inspectian and valuation fees,and o�her fees incurred for the purpose of protecting Lender`s interest in <br /> the Propert�r and righ�s under this Security Instrument; and(d}takes such action as Lender may <br /> reasonab�y require to assure that Lender's interest in the Property and righ�s under this SeGurity <br /> Instrument,and Borrower's obligatian to pay the sums secu�red by this Security Instrument, sha11 <br /> continue unchanged. Hovvever,Lender�s not required to reinstate if: (i}Lender has accepted <br /> rernsta.tement afte�the�a�rnencerr�ent of forec�osure proceed�ngs����.�n two�ears�mmed�a�te�� <br /> preceding the commencement of a current fareclosure proceeding;�ii}reins�tement wi11 preclude <br /> foreclosure�n different�rounds in the futu�re;ar�iii}reinstatement wi11 ad��rs�ly affect the pr�ority of <br /> the lien crea�ed by this Security Instrumen.t, Lender may require that Borrower pay such reinstatement <br /> sums and exp�nses in one or more of the follovving formsA as selected by Lender: (a}cash; ��b}money <br /> order; (c}certified check,bank check,treasurer'�check or cashier's check,provided any such check�s <br /> drawn upon an institution whose depasits are insured by a federal agency, instrumentality or entity;or <br /> (d}Electroni�Funds Transfer.�pon reinstatement by Borrow�r,th�s 5ecurity�nstrument and obligations <br /> secured hereby shal�remain fu11y effecti�e as if no acce�eration had occurred. Hotivever,this rig�t to <br /> reinsta�e sha11 not apply in the case of acce�eration under Section 17. <br /> FHA Deed of Trust W ith M ER5-N E 9l3412414 <br /> Bankers Systems�M VMP C� VMP4N(NE}�150fi)AO <br /> Wolters Kluwer Fin�ncial Ser�ices Page 12 af 17 <br /> q�3351294865 ��33 443 1217 <br />
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