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201608797
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Last modified
7/28/2017 1:20:23 PM
Creation date
12/29/2016 9:04:55 AM
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DEEDS
Inst Number
201608797
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2� 1 ��8797 <br /> insurance ar car�demnation proceeds are nat suff cient�o repair or restore�he Property,Borrower is not <br /> relieved�f Borrov�rer's obl�gati�n for the completion af such repair or restoration. <br /> If c�ndemna�ion pr�ceeds are paid in connection vvith the taking vf�he Pr�pert�,Lender sha1�app�y <br /> such proceeds to tihe reduction of the�ndebtedness under�he Nate and�his Security Instrumen�, first <br /> �o any delinquent amounts, and then to payment of principal.Any appiication of the pr�ceeds to the <br /> pr�ncipal shall not extend or postpane the due date of the monthly pa�ments or change�he amaunt of <br /> such pa}�men�s. � <br /> Lender ar its agent rnay make reas�nable entries upon and inspections of�he Property. If it has <br /> reasonable cause,Lender may inspec�the in�erior vf the improvernents an�he Praperty.Lender shall <br /> give Barrower notice at the time of or prior ta such an interiar inspection specifying such reasonable <br /> cause. <br /> 8. Borro�rrer's Loan App�icatron. Borrower shall be in default if, during the Loan application <br /> process,Borrovver or any persons ar entities acting at the direction of Borrower vr vsrith Barrower's <br /> knowledge vr consent ga�e materially false,misleading,or xnaccurate information or statements t� <br /> Lender�ar failed ta pro�ide Lender v�ith material information� in connec�i�n�vi�h th�Loan.Material <br /> representations include,but are not lrmi�ed ta,representations cancerning Borro�uer's accupanc�af the <br /> Praperty as B orrvwer's principal residence. <br /> . <br /> �. Protection �f Lender's lnterest in the Pro�erty and Rights Under this Secur�ty <br /> I nstru m ent. If�a}B arrow�r fails�o perform the co�enants and agreements contained in�his 5ecurity <br /> Instrument, (b�th�re is a legal proceeding that might significantly affect Lender's interest in the <br /> Prvperty andlor righ�s under this Security Instrument�such as a pr�ceeding in bar�krupt��,prabate, <br /> f�r condemnation ar farfeiture, for enforcement of a lien vvhich may attain priarity over�his Security <br /> Ins�rument ar to enforce laws or r�gula�ions}, or�c}B�rrov�er has abandaned the Property,#hen <br /> L�nder may do and pay for vWha�e�er is reasonable or appropriate tv pro�ect Lender's interest in the <br /> Property and rights under this Se�urity Instrument, including protecting andlor assessing the�alue <br /> of the Property,and securing andlar r�pairing the Property.Lender's actio�s can include,but are not <br /> 1imi�ed to: �a}paying any sums secured by a lien v�h�ch has pri�rity aver this Security Instrument; �b� <br /> appearing in court; and�c}paying reasonable attorneys'fees to protect its interest in the Property andl <br /> or rights under this Security Instrument,including i�s secured p�siti�n in a ba.nkruptcy proceeding. <br /> Securing the Praperty includes,but is not limited to, entering the Praperty to make r�pairs,change <br /> lacks,replace ar board up dvors and v�indavWs, drain v�ater from pipes, eliminate building or ather <br /> code vialations or da.ngerous conditions,and have utili�ies turned on or aff.Although L�nder may take <br /> action under this Section 9,Lender does not ha�e to d�so and is not under any duty or abl�gation to <br /> do sa. It�s agreed�hat Lender in�urs no liability for not taking any or aIi actions autharized under this <br /> Secti�n 9. <br /> Any amounts disbursed by Lender under this Section 9 shall become additianal debt of Borrower <br /> secured by this Security Tnstrument.These amaunts shali bear interest at the Note ra�e from the date of <br /> disbursement and shall b�pa�able,v�rith such in�eres�,upan notice fr�m Lender t�Borrov�er requesting <br /> payment. <br /> � HCF�-aa�Q3 24�88256162'l� <br /> FHA aeed of Trust-NE s���2��4 <br /> Bankers SystemsT""VMP� ��f�� <br /> Wa�ters Kluwer�inancial Senrices �016�12191�.3.2.3509-J�a16QT21Y Page 8 of�ifi <br /> � i <br />
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