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201702603
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Last modified
7/28/2017 3:36:59 PM
Creation date
4/24/2017 8:43:19 AM
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DEEDS
Inst Number
201702603
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2� 17�2��3 <br /> As used in this Security Instrument: �a}�vords�f the masculine gender shall mean and inclu�e <br /> �orrespond�ng neuter words ar�vords of the feminine gender;�b�words in the singular sha�l mean and <br /> inc�ude the plural and vice�ersa; and(c}the word"may"gives sole discretian without any obligatian to <br /> take any action. <br /> �I C. Borrawer's Cc�py.Barrower sha�l be given one copy of t�e Note and�f this 5ecurity I�strument, <br /> �!l. Transfer of the Property or a Beneficiallnterest in Borr�wer.As u�ed in this Section 17, "�nterest <br /> in the Froperty"means any legal or beneficial interes�in the Property,inclu�ing,but not limited t�, <br /> those beneficial intere�ts transferred in a bond for deed,contra.ct far deed,installmen�sa�es con�ract vr <br /> es�r�w agreement,the in#ent of which is�he transfer af ti�1e by�arrower at a future date to a purchaser. <br /> If all or an�part of the Praperty or any I�ater�st in the Praper�y is sa�d or transferred�ar if BQrrawer is <br /> nnt a natural persan and a beneficial interes�in�arrower is sald or transferred}without Lender's prior <br /> written consent,Lender rnay require immediate payment in fuli of a1I sums se�ured by this Seeurity <br /> Iastrutnent. Howe�er,this option shall not be exercised by Lender if such exe�rcise is prohibited by <br /> Applicable Law. <br /> If Len�er exerGises this option,Lender sha11 gi�e Borrower notice of acceteration.The notice shal� <br /> pravide a period of nat less than 3�days from th�date the n�ti��is given in accordance with Section�4 <br /> within vvhich Barrawer must pay a11 sums secured by this Security Instrument. If Barrower fails to pay <br /> th�se�ums priar to the expirat�on af this period,Lender may invoke any remedies permitted by this <br /> �ecurity Instrument without further nat��e or demand on BQrrower. <br /> '18. �arrawer's Right to ReinstateAfter Acceleration.�f Borrower meets�ertain canditians, Barrower <br /> sha11 ha�e th�right t�reinsta.tement of a mortgage. Th�se�onditions axe that Borrawer: �a�pays Lender <br /> all sums which then woutd be due under this Security Instrument and the Note as if no acceleration had <br /> � occurred; (b}eures any default af any ather covenants or agreements; (c)pays a11 expen�es incurred in <br /> �nforcing this Security Instrument, including,but not limited ta,reasonable attorneys'fees,property <br /> inspection and valuation fees,and other fees incurred fQr the purpose af protecting Lender`s interest in <br /> the Property and rights under this�ecurity Instrument;and(d�takes�uch action a�Lender may <br /> reasonably require to assure that Lender's interest in the Property and rights under this Security <br /> In.strument,and Borrqwer's obligation to pay the sums secur�d by thi�Se�urity Instrument, sha11 <br /> eontinue unchanged. Ho�ever,I,fender is not required to reinstate if: �i}Lender has acc�pted <br /> reinstatement after the commencement of forec�osure praceedings w�thin two years�mmediately <br /> preceding the commencement af a current foreclosure procee�ing; (ii}reinstatement wi�l preclude <br /> foreclosur�on different grounds in the future;or�iii�r�instatemeat�ill adversely affect the priority of <br /> the lien created by this 5ecurity Instru.ment. Lender may require that Borrower pay such reinstatement <br /> sum�and expenses in one or more af the fo�lo�vin�farm�,�.s selected by Lender: �a��ash;(b)maney <br /> order;(c}Gertified cheek,bank check,treasurer`s check or�ashier's checl�,pravided any such check is <br /> drawn upon an institutian who5e deposits ar�iasured by a federal agency,instrumea�ality or enti�y; or <br /> �d}Electronic Funds Transfer.Upon reinstat�ment by Borrawer,this Security�nstrumen�and obligations <br /> secured hereby shall remain fu11y effective as if no acceleratian had occurred. However,this right to <br /> reinstate sha11 nat apply in the case of acceleration under 5ection 1'7. <br /> FHA De�d o#Trust With MERS-ME 9�3412414 <br /> 9ankers Systems'�'" Vl1AP fl VMP4IV�NE)(15a8�.�4 <br /> W�Iters}tluwer Financlal5ervices Page 12 of i T <br /> q 33749�9474 �233 434 1217 <br />
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