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201700525
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Last modified
7/28/2017 1:40:50 PM
Creation date
1/25/2017 8:54:35 AM
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DEEDS
Inst Number
201700525
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2� 17��525 <br /> 7n th�event of a partial ta.king}C��SttLtCt14l1y or loss in value of the Property in which the fair market <br /> value of the Proper�y imm�diately before th�partial taking,destruction,or 1o5s in�alue is tess than the <br /> amaunt of the sums secured immediately before�he partial takin�y destructi�n,4r l�ss in value,uniess <br /> Borrower and Lender othertivise agr�e in writing,the Misce�laneous Proceed�shall be app�ied�a the�ums <br /> secured by this Security�nstrument whether or no�the sums are then due. <br /> If the Property is abandoned by�orrawer,or if,af�er notice by Lender to Barrower that the�pposing <br /> Party(as d�fined in the next sentenc�}offers to m�.ke an award t�settle a claim for damag�s,�orra�ver <br /> fails to respand�o Lender within 30 days af�er the date the aatiGe is given,Lender is authari2ed to callect <br /> and apply the Miscelian�ous Proc��ds either to re�toration ar repair of the Property or to the sums <br /> secured by this SeGurity Instrument,whether or no�then due. "Qppasing Farty"means the t�xird party <br /> that o►�ves BorrQwer Miscel�aneaus Praceed�Qr�be party again�t whom Borr+ower has a right af action in <br /> r�gard to Miscellaneous Proceeds. <br /> Borrow�r shall be in default if any actian or pr�ceeding,wh�ther ci�il or criminal,is�egun#hat, in <br /> Lender's judgn��nt,cou�d res�lt in fflr�eiture of the Praperty or ather material impairment af Lender's <br /> interest in the Property or rights under this Security Instrument. $orrawer�an cure such a default and,if <br /> accelera�ion has occurred,reinstate as pro�ided in Section 18,by causir�g the action�r proc�eding to be <br /> dismiss�d v�rith a ruling t�ia�,in Lender's��.d.gment,p�ecludes fo�feiture of t���raperty or other materia� <br /> impairmen�of Lender's interest in the Property or rights under this Security In�trument. Th�proceeds of <br /> aay a�ard or c�aim for damages that are attributable to the impairment of Lender's interest in the <br /> Prop�rty are hereby assigned an�sha1�be pait�to Lender, <br /> A�1 Miscellaneous Proceeds that are nat applied to restoratxon or repair of the Property shal�be applied in <br /> the order provid�d far in S�ction�. <br /> '11. Bvrrv►n►er Not Released;Forbearance�y LenderNo�a Vlla��er. Extension of the t�me for payment <br /> or mo�ifica�ion of amor�i2ation of the sums secur�d by thi�Security Instrument granted by Lender t� <br /> �orrower or any Successor in Interesi�oF Barrow�r shall not op�rate to r�leas�the�iability of Borr�wer or <br /> any Succe�sars�n interest of Borrower.Lender shall not be required to comm�nce proceedings against <br /> any Successar in�nterest of Borrower or to refuse to extend time for payment Qr otherwise modify <br /> amort�zation of the�ums secured by this�ecurity�ns�rument by reason of any den7anti made by the <br /> original Borro�ver ar any Successors in Interest of Borrower.Any forbearan�e�y Lender in e�ercising <br /> any right or remedy�neluding,Without Iimitation, Lender's acceptance of pay�nents frarn third persons, <br /> entities or Suc�essors in�nterest of Borrawer or in amounts less than the amoun�thea due,shall not be a <br /> waiver of or preclude the exer�ise of any righ�or remedy. <br /> '��. Join�and Se�era!Liab�litys�v-signers;Suc�essor�and�Iss�gns Bound,B�rrower�avenants ar�d <br /> agrees�hat Borr4wer's obligations and Iiability shall be joint and several.However,any Borr�wer who <br /> co-�igns�his Security I�.strument bu�does not execute the No�e(a"co-signer"�: �a}is�a-signiag this <br /> Security Instrumeat only�a mortgage,grant and convey th�cv-sig�ner's inter�st in the Property under the <br /> terms of th�s S�curity In�trument; (�}is no�personally abligated to pay the sums s�cured by this 5ecurity <br /> �nstrument;and�c}agr�es�hat Lender and any other Borrower can agree to extend,modify, forbea.r Qr <br /> mal�e�ny acc�mmodation.s with regard to the terrn��f this Secur�ty In�trurn�nt or the�Tote wvithaut the <br /> co-signer's consent. <br /> FHA Deed of Trust Wlth MERS-NE 913AfZQ14 <br /> ga�kas's SystemsTM� I1MP� Vf+JIP4N(NE}(1�d6}.dU <br /> Wolters Kluwer F�nan�ial Services Pa�e 14 af�7 <br /> q�335449 6 4 �233 6 1a17 <br />
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