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201701661
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Last modified
7/28/2017 2:29:57 PM
Creation date
3/17/2017 9:14:00 AM
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DEEDS
Inst Number
201701661
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2� 17� 1 �� 1 <br /> In the eWent of a partial taking,destruction,or loss in�a1ue of the Property in which the fair market <br /> �a�ue of the Property immediately before the par�ial taking,destruction,or�ass in value is less than the <br /> amount of the sums secured immediateiy before the partial taking,destruction,or lass in value,unless <br /> Borrower and Lender otherwise agaree in writing,the Miscellaneous Proceeds shall be applied to�.he sums <br /> secured by this Security Instrument whether ar not the sums are then due. <br /> If the Property is abandoned by Borrower,or if,after notice by Lender to Borrower that the Qpposing <br /> Party(as def ned in the next sentence}offers to make an a�vard to set��e a claim for damages, Borro�er <br /> fails to respond to Lender within 3�days af�er the date the notice�s given,Lender�s authorized to collect <br /> and apply the Miscellaneous Proceeds eitber to restoration or repair of the Property or tQ the sums <br /> secured by this Security Instrument,whether or not then due. "Qpposing Party"means�he third party <br /> that owes Borro�ver Miscellaneous Proceeds or the party against wbom Barrower has a right of action �n <br /> re�ard to Misce�ianeous Proceeds. <br /> Borrower shatl be in default if any action or prpceeding,whether civil or criminal, is begun that, in <br /> Lender's judgment,could result�n forfeiture of the Property or other material impair�ment of Lender's <br /> interest in the Property or rights under this Security Instrument. Borrawer can cure such a default and, �f <br /> acceleration has occurred,reinstate as provided in Sectio� 18,by causing the ac�ion or proceeding to be <br /> dismissed vvith a ruling that,in Lender's judgment,prec�udes forfeiture of the Property or other materia� <br /> impaument of Lender's interest in�he Property or rights under this Secur�ty Instrument.The proceeds of <br /> any award ar c�aim for damages that are attributab�e to the impairment of Lender's interest in the <br /> Property are hereby assigned and sha��be paid to Lender. <br /> A1� Miscellaneous Proceeds that are not applied to restoration or repa�r of the Property sha11 be applied in <br /> the order pro�ided for in Section 2. <br /> 11. �orrowerNot Released;ForbearanceBy LenderNvt a Wai�er. Extension of the t�me for payment <br /> or modification of amortization of the sums secured by this Security Instrument graated by Lender to <br /> Borrower or any Successor in Interest af Borrower shall not operate to re�ease the liability of Borrower or <br /> any Suecessors in In#erest of Borrower. Lender shall not be required to commence proceedings against <br /> any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify <br /> amortization of the sums secured by this Security Insirument by reason of any demand made by the <br /> or�ginal Borro�er or any Successors in Interest of Borrower.Any forbearance by Lender in exercising <br /> any right or remedy including,without limitatian,Lender's acceptance of payments from third persons, <br /> entities or Successors in Interest of Borrower ar in amounts�ess than the amount then due,shall not be a <br /> waiver of or preclude the exercise of any right or rem�dy. <br /> 1 Z. Joint and Se�eral Liab�I�ty;Co-signers;Suc��ssorsand Assi�ns Baund.Borrower covenants and <br /> agrees tbat Borrower's obligations and liabi lity sha11 be joint and several. Ho�ever,any Borrower t�vho <br /> co-signs this Security Instrument but does not execute the Note(a"co-signer"}: (a}is co-S1�Il1�lg t�115 <br /> Security Instrument only to mor�gage,grant and convey the co-signer's interest in the Properry under the <br /> terms of th�s Security Instrument; (b}is not personally ob�igated to pay the sums secured by this Security <br /> Instrument;and�c}agrees that Lender and any other Borrower can agree to extend,madify,forbear or <br /> make any accommodations with regard to�he terms of this Security Instrument or the Note without the <br /> co-signer's consent. <br /> FHA Deed of Trust W�th MERS-NE 9l34f2414 <br /> Bankers SystemsT� VMP� VMP4N(NE}�154fi}.44 <br /> Wo�ters Kluwer Financial Services Page 10 of 1? <br /> q�336?96U4S3 �233 548 1�17 <br />
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