201701458 - Laserfiche WebLink

Browse

2� 17� 1458 hy a �ien tivhich ha� prinrit�o�rer this Sec�rit�r In�trument; �b} appearing in �ourt; and �c} pa�ing reasonable att�rneys' fees to pr�tec� its intere�t in the Praperty andl�r rights under this Securit� Ins�rument, �ncluding its s�cured pasitiorj in a �ankruptcy praceedin�. Securing t�le Property irie�udes, but is not lim�ted ta, entering the Proper�y t� make repairs, c��ange I�cks, replace ❑r board up d�ars and tivindov�rs, drain v�rat�r fram pipes, eliminate �uilding ar ather cade�iolations �r dangerou� �anditi�ns, and have utiiit�es turned an or off. A1l�l�ugh Lender may take acti�n under i�ris Sectian 9, Lender dae� not haWe �o do s� and is not und�r any duty❑r❑�ligation ta d� so. It is agreed t�iat Lender incurs n� liability for not taking any or all ac#ions authori2ed under this Section 9. An�amounts disbursed hy Lender ur�der t��is See#ion 9 shall becom�additional debt af�orrower se�ured by �his 5ecurit� Instrum�nt. The�� amaunt�shall b�ar interest at the I1Iat� raf� fram the dat� of disbursement and shall be pa�abl�, with such interest, upan natice from L�nder t❑ Barrativer reqtlesting pa�ment. If this 5e�urit�Instrument i� an a lea�ehald, Sarro�ver�hall �am�ly�rith all the pro�rision� �f the lease. If Borr��er a�quire� fee title �o the Pro��rt�, ttie leasehold and t�e fe� title shall not merge unless Lend�r agrees ta the merger in�rriting. 14. Assignment �f M isceilaneaus Proc��d�; FarFeiture. All MisGellaneous Pro�eed�are hereb� ass�gned to �nd sha11 be paid ta Lender. If the Propert�r is damaged, such Mzsceli�neaus �roceeds��tall he applied ta restoration or repair❑f t��e Property, if�he rest�rati�n ar r�pair is e��nomically feasiUle and Lender's securit�r is not less�ned. During suc�� repair azid rest�ratifln peri�d, LetldQr sha�l ha�e t��e right to hald such I1�i�cellaneaus Proceeds until Lender has had an opportunit� to in�pect su�h Propert� to ensure the�vork has been campteted to Len�er's sati�faction, proWided t�iat su�h inspecti�n shall �e und�rtaken pr�mpt�y. Lender may pay f�r th� re�airs and re�torativn in a �ingle di�bursement ❑r in a series �f progr��s payments as the v�rork i� �ompleted. Unle�s an agreement i�ma�e xn v�rriting ar Applicable Lavv requires interest ta be paid an�uch Miscellaneaus Praceed�, Lender�hall n�t be ret�uir�d t� pay Borrativer any interest or earnings ❑n suc�i Miscel�arleou� Pr�c�eds. If t��e restoratian ar repair i� nat ec�nomically feasihle ar Lender'� se�urity Evou�d b� lessen�d, the Mi�cellane�us Proceeds sha�l be appi�ed to t��e sums �ecured �y this Security InStrument, vvhett�er or nat ttaen d�ie, �rit�� t�ie ex��ss, if an�, paid to �orrotiver. Suc�l Miscellaneaus Fr��eeds��ia11 �e appli�d in th� arder provi�ed far in Sectian �. �n �he e�ent of a total �akin�, destruction, ❑r 1os� in vaiue af the Propert�r, the Mis�ellaneau� Procecds s�Ya11 be applied t� t��e surris�ecured�y t�iis Securit�Instrument, w�lether �r not th�n due, with �he exc�s�, if an�r, paid to B�rrower. In tt�e e�rent of a partial taking, destruction, or loss in value of the Praperty in �vhich t�te fair market valu� vf the Prapert�immediately be�`ore the p�rtial takin�, destructivn, �r las�in�ralue is equal ta or greater than the amaunt�f t��e sums secured hy this Securit�r�nstrument immediatel�befare t�ic partial ��[lp�, destruction, or loss in�alue, unle�s Bvrr�vv�r and Lender athertivise agree in wr�tin�, t��e suYns s�cured b�th�s Securit� InstrE�ment s�iall be re�iuc�d�y the amaunt af the Mi��llan�ous Pro��eds multiplied by t��e folla��ing fraction: �a� the total amount of the sums s�cured imm�d�ately befor� the partiai taking, de�truction, or lo�s in�alue di�ide�by �b� the fair mark�t Wa1ue �F the Praperty imme�iately before the partial �aking, �estruc�ian, ar Io�s in value. Any balanc��}�all he pai� t� Borrat��er. 23D78814� 0�9785079� FHA Deed o�Trust IrVith MERS-NE 5130l��1� Bar�kers 5ysiems;M VMP CR' VMP4N�NE)��5D6�.0❑ Wolters Kluwer Financia!Ser�ices Page 9❑f 17