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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 /> � <br /> If this Secur�ty Instrument is on a leasehald,Borrv�ver shall comply with all the provisions of the <br /> lease. If Borrovver acquires fee titie to the Praper�y,the Ieaseh�ld and�he fee title sha11 n�t merge , � <br /> unless Lend�r agr�es t�the merger in writing. <br /> � <br /> ��. Assignment of M�scellanevus Proceeds; F�rfeiture. A11 Miscellaneous Proceeds are <br /> . hereby assigned to and sha�1 be paid to Lender. <br /> If the�Property is damaged,such Misce�Ianeous Proceeds shall be applied ta restorativn ar repair of <br /> the Praperty,if the restoration or repair is e�onom�cally feasibl�and Lender's security is nat lessened. <br /> During such repair and restoration period,Lender sha11 ha�e the right t�hold such Miscellaneous <br /> Praceeds until Lender has had an opp�r�unity to inspect such Property t��nsure�he�vork has been <br /> comp�eted�o Lender's satisfac�ian,pr�vided that such inspect�an shall be under�aken pramptly.Lender <br /> may payf for the repairs and restoration in a s�ngle disbursement or in a series�f progress payments as <br /> the work is c�mpleted�Un�ess an agreement is made in�riting or Applicab�e La�requires in�erest ta <br /> be paid on such Miscellaneous Proceeds,Lender shall not be required to pay Borrawer an�r�nterest ar <br /> earnings on such Miscellaneous Pro�eeds. If the restoration or repair is not ecanom�cally feasible or , <br /> Lender's security wauld be lessened,the Mi�ce�laneau�Proceeds shail be applied to the sums secured • <br /> by this Security rnstrument,vWhe�her or nat then due,vvith the excess,if any,paid to Barrovwer. Such <br /> Miscellaneous Proceeds shall b�applied in the�rder pro�ided far in Section 2. . � <br /> In the event of a�ota1 taking, destruction,or loss in value of the Property,the Miscellaneous Proceeds <br /> shall be applied��the sums secured by this Security Ins�rument,�vhether�r not then due,wi�h the <br /> excess, if any,paid to Borro�ver. <br /> In the e�ent of a par�ial taking, destruc�ion, ar Ioss in�alue of the Proper�y in wh�ch the fair maxket <br /> �a�ue�f the Praperty immediatel�before the par�xal taking,destruction, or Ioss in�a�ue is equal to <br /> or greater than the amount�f the sums secured by thi� Security Ins�rument imrnediately bef�re the <br /> partial taking,�iestruction, or loss in�alue,unless Borrovver and Lender�ther�vise agree in�vriting, <br /> �he sums secured by this 5ecurity Instrument shall��reduced by the am�unt of the Miscellaneous <br /> Praceeds multiplied by the follvwing frac�ion: �a�the tata�amaunt af the sums secured immediately <br /> before�he partial takin�,destruction, vr lass in�a1ue di�ided by�b}the fair marke�value of the <br /> Prop�r�y immediately before the par�ial taking, destruction, or Iass in va�ue.Any balance shall be paid <br /> �a B orrower. . <br /> In the event af a.par�ia�taking, destruction, or loss in va�ue of the Property in vWhich the fair market <br /> value of the Pr�per�y immedia�ely before the partial taking, destruc�ion, ar Iass in value is less than the <br /> amount�f�he sum�secured immedia�ely before the partiai taking,des�ru��ion,ar loss in�a1ue, un�ess <br /> B orrawer and Lender o�herwise agree in writing,�he Miscellaneous Pro�eeds sha1l be applied to the <br /> sums secured by this Security Instrument vWhe�her❑r not�he sums are then due. <br /> If the Pr�perty is a�a.ndoned by Borrower, or if, after no�ice by Lender to Borrvwer that the�pposing <br /> Party�as defined in the next sentence) offers�a make an a�vard to settle a claim for damages,Borrov�rer <br /> fails�o respond to Lender�vithin 3�days after the date the notice is given,Lender is authorized to <br /> coll�ct and apply tihe Miscellane�us Proceeds either ta restoratian vr repair of the Praperty or to the <br /> sums secured by this Security Instrument,v�hether or not then due. "�ppasing PQrty"means the third <br /> HCFG-�D7a3 z4oss����6��2 <br /> FHA Deed�f Trust-NE ���1���4 <br /> Bankers Systems�'�VMP� 1�I�5 <br /> Vlla�ters Kluwer Financial 5ervices �016121915.3.2.35�9-J��16DT2'iY Page 9 af�6 <br /> � ' . � � <br /> r <br />
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