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201702876
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Last modified
7/28/2017 3:44:38 PM
Creation date
5/3/2017 9:32:52 AM
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DEEDS
Inst Number
201702876
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2� 17�287� <br /> In the e�ent of a partia�taking, destruction, ar lass in�aiue of the Propert}�in which the fair marke� <br /> �alue of the Prop�rty immediately before the par�ial taking, destruction, or loss in va�ue is Iess than the <br /> amount of the s�ums secured imrnediately befare�he pa�ial taking, destru�tion, or lass in�alue, unless <br /> Bvrrower and Lender otherwise agree in writing, the Misceilanevus Proceeds shall be applied to the sums <br /> secured by this Security Instrument whe#her ar nat the sums are then due. <br /> If�he Praperty is abandoned by Sorrower, or if, after no�ice b�Lender to Borrower that the Qpposing <br /> Party�a�def n�d in the next s�n�ence�affers to rnake a�n awa�rd#a settle a cl�Ym fvr damages, �arrovver <br /> fails to respond to Lend�r within 3U days after the date the notice is giWen, Lender is authorized to collect <br /> and appiy the Mis�ellaneous Proceeds ei�her to rest�ration or repair of the Property ar to the sums <br /> secured by this Security Ins�rument, whether ar not then due. "�pposing Par�" means the third party <br /> that owes Bvrrower Miscellaneous Proceeds or the party against whom Borrower has a righ�of ac�ion in <br /> regard ta Miscellaneous Proceeds. <br /> Borrower shali be in defauit if any action or pro�e�ding, whether ci�il or criminal, is begun that, in <br /> Lender's judgment, cauld result in forfeiture of the Prapei-t�or other materiaZ impairment of Lender's <br /> interest in the Proper�or rights.under this Security Instrument. Bnrrawer can cure such a defau��and, if <br /> acceleratian has occurred, reinstate as pro�ided in Section 18, b�causing the action or proceeding to be <br /> dismissed with a ruling that, in Lender's judgment, precludes forfeiture of the Proper� or ather material <br /> impairmen#of Lender's interest in the Praperty ar rights under this Security Instrument. The proceeds of <br /> any award or claim for darnages that are ariributabie fo the impairment of Lender's interest in the <br /> Propert� are hereby a�sign�ed and sha�1 be paid to Lender. <br /> A11 Miscellaneous Praceeds��at are not applied to restara�tion or r�pair af the Property shall be appiied in <br /> the order pr��ided for in Section 2. <br /> '[1. Barrow er Not Released; Forbearance By Lender Not a V1Jaiver. Extension af the time for payment <br /> ar modif eation of amarfization of the sums secured b�this Security Instrument granted by Lender to <br /> Borr�vver or any Successor in Interest of Borrower shall not aperate to release the liability of Borrower or <br /> any Successors in Interest of Borrower. Lender shall not be required to commence proceedings agains� <br /> any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify <br /> arnortization of the sums secured by this 5ecurity Instrum�nt by reason of any dernand made by the <br /> ❑rYginal Borrower or an�r Successors in Interest of Borrawer. Any farbearance by Lender in exercising <br /> any right�r rerned�including, without�imitation, Lender's accep�ance of paymen�s from third persons, <br /> entities or Succ�ssors in�nteres�of B�rrower or in amaunts Iess than the amoun�then due, shall na�be a <br /> wai�er af or preclude the exercise of an�r�ght or remedy. <br /> �2. Joint and Se�eral L�abi�ify; Cv��gners; Successars and Ass�gns Bound. Borro�rer co�enan�s and <br /> agrees that Borrower's obiigations and liability shali be joint and se�eral. Howe�er, any Barrower who <br /> co-signs this Secur�ty�nstrument but does not execute the Note�a"co-signer"}: �a}is co-signing this <br /> Security Instrument anly to mortgage, grant and con�ey the co-signer's interest in the Praperty under the <br /> #erms of this 5ecurity Instrumen�; �b�is not person�lly obligated to pay the sums secured by this Security <br /> Instrument; and (c}agrees that Lender and any other Borrawer can agree ta extend, modify, forbear or <br /> make any accommodat�ons with regard to the terms of thrs Se�urity Instrument or the Note without the <br /> co-�igner's conse�t. <br /> 236335174 pp9gg3426Q <br /> FHA Deed of Trust With MERS-NE 91301�014 <br /> Ba�kers 5y stemsTM VMP Cl VMP4N[N�}�'�506).OD � <br /> W�It+�r�Kfuwer Ffn�ncial Services Page'!Q af'�7 <br />
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