Laserfiche WebLink
2� 1 ��7892 <br /> by a lien which ha�priority aver this Security Instrument; ��}appearing in court;and(c}paying <br /> reasonable attorneys'fees to protect its in�erest�n the Property andlor rights under this�ecurity <br /> Instrument, including its secured position in a bankruptcy proceeding. Securing the Property in.cludes, <br /> but�s not l�m�ted to, e�.�ering the Property to make repa�s,chang�e locks,re��ace or board up doars and <br /> �tuindows,drain v�ater from pipes, e�iminate building�r other code�iolations or dangerous conditions, <br /> and ha�e utilities turned on ar off.Although Lender may take action under this Section 9, Lender does <br /> not ha�re to do so and is not under any duty or obi�gation to do so. It is agreed that Lender ineurs no <br /> �iability for not taking any or a11 actions authorized under th�s Sec�ion 9. <br /> Any amounts disbursed by Lender under this Section 9 sha��become addi�iona�debt of Borr��ver secured <br /> by this Security Instrument. These amounts sha11 bea.r interest at the Note rate from the date of <br /> disbursement and sha11 be payable,�vith�uch in�erest,upan notice from L�nder to Bortawer requesting <br /> payment. <br /> If this Security�nstrument is on a teas�hold,Borrower sha��comply with a11 the provisians of the lease. <br /> If Borrawer acquires fee tit�e to the Prop�rty,the leasehold and the fee title sha11 nat merge unless <br /> L�nder agrees to the merger in writing. <br /> �4. Assignmentof MiscellaneousProceeds;ForFeiture.All Miscellaneous Proceeds are hereby <br /> assigned t�and sha�t be paid ta Lender. <br /> If the Property is damaged, such Misc�llaneous Proc�eds shaX1 be applied to restorati�n or repair of the <br /> Property,if the r�storation or repair is ecQnomica�ly feasible and Lender's security i�not lesse�ed. <br /> During such repair and restaration peri�d,Lender sha��have�he right to ho�d such Miscellaneaus <br /> Proceeds untii Lender has had an opport�nity ta inspect such Property to ensure the work has been <br /> completed to Lender's satisfaction,pravided that such inspection shall be undertaken promptly. Lender <br /> may pay for the repairs and restorati�n in a single disbursement or in a series�f progress payments as the <br /> work�s campleted. Unless an agreement is made in writing or Applicable Law requires interes��o be <br /> pai�on such Miscel�ane�us Pr�ceeds,Lender shall nat be requ�.red to pay Borrower any interest or <br /> earnings on such Miscellan�ous Proceeds. If the restoration or repair is not economically feasible or <br /> Lender's security would be lessened,the Misee�laneous Proceeds sha11 be applied to the sums secured by <br /> this Security Instrument,whether or nat then due,tivith th�excess, if any,paid to B�rrower. �uch <br /> Miscellaneous Proceeds sha11 be applied in the order provided for in Section 2. <br /> In the event of a tatal taking,destr�.ctian,ar loss in value of the Praperty,the N��scellanevus Proceeds <br /> sha11 be applied to the sums secured by this Security Instrument,whe�her ar not then due,with the <br /> excess, if any,paid to Borrower. <br /> in the event of a par�ial taking,destruction,or loss in va�ue af the Praperty in which the fair mar�et <br /> value of the Property immediately b�fore the partial taking,destruction,or loss in value is equal to or <br /> greater than the an�ount vf the sums se�t�ed by this Security Instrument i�mediate�y befo�e th�partial <br /> ta.kingy C�e��Ct1011�or loss in�a�ue,unless Borrower and Lender otherwise agree in wr�ting,�he sums <br /> secured by this Security Instrurnent sha11 be reduced by the amount af the Miscellaneous Proce�ds <br /> mu�tiplied by the fol�Qwing fraction: (a}the total am�unt of the sums secured immediately before the <br /> partial ta.king,destruction, or 1o�s in value divided by(b}the fair market�alue of the property <br /> immediately before the partia�taking,destruction,or lass in value.Any balance sha�l b�paid t� <br /> �orrativer, <br /> FHA Deed of Trust With MERS-NE 9134iZ0f4 <br /> Bankers SystemsTN+ VMP� VMP4N[NE][15fls}.40 <br /> Wvlters Kluwer FRr�ancial Services Page 9 of 17 <br /> q�3361294865 ��33 443 �917 <br />