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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 /> by a tien which has priority o�er this Securi�y Ins�rument; �b}appearing in court; and (c}paying <br /> reasonable attorneys' fees to prot�c�its interest in the Property andlar rights under this Security <br /> Instrument, including�ts secured position in a bankruptcy proceeding. 5ecuring the Praperty includes, <br /> but is not�united to, entering the Property to make repairs, change locks, replace or board up doors and <br /> wind�ws, drain vvater frvm pipes, eliminate building vr ather cvde�iolatians or dangerous conditions, <br /> and haWe utiiities turned on or�ff. A�though Lender may�ake action under this Sec#ion 9y Lender dves <br /> nat ha�e to do so and is not under any duty or obligation ta do so. It is agreed that Lender incurs no <br /> liability for not taking an�or a�1 actions authorized under this Section 9. <br /> Any amaunfs disbursed by Lender under this 5ection 9 shall become additional de�t of Borrawer secured <br /> by this Security Instrument. These amounts sha11 bear in�erest a�the Note rate from the da�e of <br /> disbursement and sha�l be payable, with such interest, upon natice fram Lender to Borrower requesting <br /> payment. <br /> If this Security Instrument is nn a leasehald, Borrower shall comply with aI�the pro�isions of the Iease. <br /> If Borrower ac�uir�s fee tYt1e ta the Property, the �easehold and�he fee�itle shal�not merge uriless <br /> Lender agrees to the merger in writing. <br /> 'i 0. Assignmenf of M rs�elfaneous Proceeds; Forte�f ure. All Misceilaneous Pra�eeds are hereby <br /> assigned to and sha11�e paid to Lender. <br /> If the Property is damaged, such Misceilaneous Proceeds shall be applied to restvration or repair of the <br /> Property, if the restoratian or repair is economically feasible and Lender's security is not Iessened. . <br /> During such repair�nd rest�ration period, Lender shall ha�e th�right to hold s�xch Miscellaneaus <br /> Proceeds until Lender has had an opportunity ta inspec#such Proper�y to ensure the work has been <br /> completed to Lender's satisfac�ion, pro�ided that such inspection shall be undertaken promptiy. Lender <br /> may pay far the repairs and r�storation in a single disbursement or in a series of progress payments as the <br /> work is c�mp�eted.'Unless an agreernent is made in writing ar Applicable Law requires in�erest to be <br /> paid on such Miscellaneous Praceeds, Lender shall nat be required to pay Borrower any interest or <br /> earnings on such Miscellaneous Proceeds. If�he restoration or repair is not econ�mically feasible or <br /> Lender's security wouid be lessened, the Miscellaneous Proceeds shall be applied ta the sums secured by <br /> this Security Instrumen�, whether or not then due, with�he excess, if any, paid to Borrower. 5uch <br /> Miscellaneous Proceeds shalt be appiied in the order pravided for in Section 2. <br /> In the e�ent of a tofal taking, destruction, or Ioss in�alue of the Praperty, the Miscellaneous Proceeds <br /> shai�be applied to the sums secured by this Security Instrument, whether vr not then due, with the <br /> excess, if any, paid to Borrawer. <br /> In�he e��n�of a partial taking, destruction, or Ioss in value of the Property in which the farr market <br /> �alue vf the Praperty immediatety befvre the partial taking, destruction, or lass in�aiue is equal ta ar <br /> gr�ater than the amount af the sums secured by this Securi�Instrument immediately before the partial <br /> taking, destruc�ion, ar Ioss in�a1ue, unless Borrower and Lender otherwise agree in writing, the sums <br /> s�cured by this Security Instrument sha11 be reduced by the amoun��f the Miscellaneous Praceeds <br /> multip�ied by the follawing fraction: �a}the tatal amount of the sums secured immediately before the <br /> partial taking, destruction, or loss in�aiue di�ided by�b}the fair market vaiue of the Praperty <br /> immedia�ei�before the partial taking, destructivn, ar loss in�alue. An�balance shall be paid t� <br /> Bvrrower. <br /> �36335174 0�9883426� <br /> FHA❑eed of Trust With MERS-NE 913�l20'!4 <br /> Bankers 5ystemsTM VMP� VMP4N[N�)(7 5�6).OQ <br /> Walters f{fuwer Financial Sen►i�es Page 9 of 17 <br /> � <br />
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