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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 /> by a lien which has priority o�er this Security Instrument;(b}appearing in court;and(c}paying <br /> reasonable a�omeys`fees to protect its interest in th�proper�y andlor rights u�nder this 5ecurity <br /> Instrument, inGluding its secured position in a ba�kruptcy procee�ing. �ecur�ng�he Property includ�sy <br /> but xs not�imited ta,enter�ng the Property to mak�repairs,change l�cks,replace or board up daors and <br /> �iadows,drain water fr�m pipes, eliminate buildiag or other eode vialations�r dangerous conditions, <br /> and ha��utilities turned on or�ff.Although Lender may take action und�r this Section 9,Lend�r does <br /> not have ta da sa and is not under any duty or ob�igation to do so, It is agree�i that Lender inc�rs no <br /> tiabitity far n�t taking any or a11 ac�ions auth�r�zed und�r this S�ction 9. <br /> Any amaunts disburse�by Lender under this Section 9 sha11 become additianal d�bt of Borro�er se�ured <br /> by this Se�urity Instrument, These amaunts shall bear in�erest at the Note rate fram the date of <br /> disbursement and sha��be payable,with such interest,upon n�tice fram L�nder to Borrower requesting <br /> payment, <br /> If this Security Instrument is an a Ieasehold,Barrower shall comply with a11 the pro�isions af the lease. <br /> If Borrower acquires fee title to the Property,th�leaseh�ld and th�fe�title shall not merge unless <br /> Lender agrees to the rnerg�r in writing. <br /> 1 D. Assignmentof MiscellaneousProceeds;Forfeitur�.A11 Miscellaneous Proceeds are hereby <br /> assigned to and sha11 be paid ta Len�er. <br /> If th�Property is damaged,such M�scellaneous Proceeds sha11 be app�ied to restora�ion or repair of the <br /> Praperty,if the restoration or r�pair is ecor�arnically feasible and i�ender's s�curity is not lessened. <br /> During such r�pair and restarati�n periad,Lender shall hav�the right to hold such Miscel�aneous <br /> Proceeds until Lender has had an opportunity to inspect such Praper�y ta ensure the�vork has been <br /> completed to Lender's satisfaction,provided that such inspection sha11 be undertaken�rpmpt�y. Lender <br /> may pay for the repairs and restoration in a singie disbursement or in a series of progress payrnents as the <br /> work is comp�eted,Z,.�n�ess an agreemen�is made in writing or Applical�le Law requires interest ta be <br /> �aid on such Miscel�aneous�Qceeds,Lerader sha11 nat be�equ�ired tt�pa}�$arro�ver any interest or <br /> earnings on such Miscellaneous Proceeds. �f the restoratian or repair is not e�onomically feasible pr <br /> Lender's security would be iessened,the Miseellaneous Proceeds shall be applied ta the sums secured by <br /> this Security rnstrument�whether or nat then due,with the excess,if any,paid to Barrower. S�ch <br /> Mis�ellaneous Proceeds sha�1 be applied in the order provided for in Section 2. <br /> In the e�ent of a tatal taking,destruction,ar l�ss in value of the Property,the Misceilaneou5 Proc�eds <br /> sha11 be applied to the sums secured by this 5ecurity In�trument,whether or not then due,with the <br /> �xcess, if any,paid to F3orrawer. <br /> �n the event of a partial taking,destructian,or loss in value of the Property in which the fair market <br /> value of the Property immediately befare the part�al tak�ng,destruction,or loss in value is equal to or <br /> greater than the amount of the sums secured by th�s Security Instrument immed�ately before the partiai <br /> taking,des�uction,or loss in�al�e,t�nless Bo�ror�er and Lender othervvise agree in writing,the sums <br /> secured by this Security Instrument sha11 be reduGed by the amount of the Miscellaneous Praceeds <br /> multip�ied by the foilowing fraetion: (a}the tata�amount flf the sums secure�immediately�efore the <br /> partial taking,destru.ction,or�oss in value divided by(b}the fair market va�ue of the Praperty <br /> immediately before the partial ta.king,destruction,or lass in�a1ue.Any balance sha11 be paid to <br /> Barro�er, <br /> FHA❑eed of Trust With M ERS-N E 9134J�414 <br /> Bankers Systems� VMP 4� VMP4N(NE)(15�6}.Qd <br /> Wolters 14iuw�r Firtancial Services Page 9 of 17 <br /> q�33749�9474 p 33 434 ��l <br />
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