ࡱ> v  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuwxyz{|}~Root Entryb.@p`,JPerfectOffice_MAIN&PerfectOffice_OBJECTS,,J,JSummaryInformation( Oh+'Oh+'0`  ( 4 Dale Whitman  Dale Whitman11$C:\COREL\SUITE8\PROGRAMS\PRWIN8.EXEw Original Slide Show|%2|%2WW/ YY@1 333,*`-:]%%W]W13,*`-:;|%|%W;W1 .(3(,*`-:%W%WWW13,*`-Of%/ QY@1 .(3(,*`-9K%13,*`-Of%1 333,*`-WPC ~ lwDbhnfcwwww _|B"XXXX'33' >+ea- Rd R R  RH R R 9%RwRRQWPC ' '2  I  .3  FireInsuranceandEminentDomainAwards1'  12  I  .3  Whogetsthefireinsuranceproceeds?..2  A  .3  Ifbothmortgageandinsurancepolicyaresilent?..2  A  .3  IfmortgagesaysMEgetstheproceeds?..2  A  .3  IfMEisnamedasaninsuredonthepolicy?1'  12  I  .3  O, \AZ"Arial RegularO WhatarethelimitsontheMEsrecoveryofinsuranceproceeds?..2  A  .3  Theamountoftheproceeds..2  A  .3  ԀMEsimpairmentofsecurityasdefinedforpurposesofwaste(unlesstherescontrarymtg.clause)..2  A  .3  Thefulldebt.# #2  I  .3  ..2  A  .3  Standardmortgagepolicy:..2  A  .3  0h..O, \AZ"Arial RegularOThisinsurance,astoME,shallnotbeinvalidatedbyanyactorneglectofthemortgagororowneroftheproperty,norbyanychangeinthetitleorownershipoftheproperty,norbytheoccupationofthepremisesforpurposesmorehazardousthanpermittedbythispolicy.1'    12  I  .3  Whatstheeffectof.....2  A  .3  MRburningdowntheproperty?..2  A  .3  MRcommittingfraudontheinsuranceapplication?..2  A  .3  MRmanufacturingpaintthinnerontheproperty?..2  A  .3  MRfailingtopaytheinsurancepremiums?"  "2  I  .3  "   "2  I  .3  " "2  I  .3  ( (2  I  .3  ..2  A  .3  WhydidSigmondswanttheinsuranceproceeds?..2  A  .3  WastheSigmondssecurityimpaired?..2  A  .3  WouldthecasesresultbethesameifthemortgageitselfhadgiventheSigmondstherighttotheinsuranceproceeds?" "2  I  .3  " "2  I  .3  " "2  I  .3  1'     12  I  .3  WhatactionsbyMEarebarredbyafullcreditbid?..2  A  .3  Deficiency..2  A  .3  Pre-foreclosurerents..2  A  .3  Waste..2  A  .3  Casualtyinsurance..2  A  .3  Fraudinmortgageapplication(?)"  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  ? 13@3 `Ĉ   ?  `ň' ](] ]('1f3 `ƈ# ' '#13@3 `Lj'](##13 ȈX X @% Ɉ O, \AZ"Arial RegularO        @  1stQtr% ʈ11@% ˈuO, \AZ"Arial RegularO        @  2ndQtr% ̈  @% ͈lO, \AZ"Arial RegularO        @  3rdQtr% Έ$$@% ψO#w&O, \AZ"Arial RegularO        @  4thQtr% Јd% ш/ , O, \AZ"Arial RegularO        @  0% ҈M dM % ӈ   O, \AZ"Arial RegularO        @  20% Ԉ d % Ո ' $O, \AZ"Arial RegularO        @  40% ֈFdF% ׈  O, \AZ"Arial RegularO        @  60% ؈d% و   O, \AZ"Arial RegularO        @  80% ڈ>d>% ۈ O, \AZ"Arial RegularO        @  100WPCMXX81% 09#3'XXXXKKKK ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,9Z"&0h$h0h$C`T T A"Arial Regular +C`T T A"Arial Regular +C`T T A"Arial Regular +C`T T A"Arial Regular +C`T T A"Arial Regular +C`T T A"Arial Regular +)?  !@Z_33 4>2  I  .3  TitleofSlide  &0h$+3 %.#6O, \AZ"Arial RegularOT T T         @  Q QO, \AZ"Arial RegularOT T T         @TitleofSlide+3"(0w`0wC`xxA"Arial Regular +3f3fC`xxA"Arial Regular +3f3fC`xxA"Arial Regular +3f3fC`xxA"Arial Regular +3f3fC`xxA"Arial Regular +3f3fC`xxA"Arial Regular +3f3f)?   4A2  I  .3  SubtitleofSlide  (0w+%3f13f3 '@#Q/9O, \AZ"Arial RegularOxxx        @  Q QO, \AZ"Arial RegularOxxx     3f   @3fSubtitleofSlide+%13 *[ pg C`@@A"Arial Regular +C`xxA"Arial Regular +3f3fC`A"Arial Regular +3f3fC`A"Arial Regular +3f3fC`  A"Arial Regular +3f3fC`XXA"Arial Regular +3f3f9?   433333333X2  I  .3  FirstItem2  A  .3  subitem2  I  .3  SecondItem2  A  .3  subitem2  I  .3  ThirdItem2  I  .3  FourthItem  *[ +%31333 )@[  O, \AZ"Arial RegularOXXX        @  a aO, \AZ"Arial RegularO@@@     3   @33        @FirstItemO, \AZ"Arial RegularOxxx     3   @33     3f   @3fsubitemO, \AZ"Arial RegularO@@@     3   @33        @SecondItemO, \AZ"Arial RegularOxxx     3   @33     3f   @3fsubitemO, \AZ"Arial RegularO@@@     3   @33        @ThirdItemO, \AZ"Arial RegularO@@@     3   @33        @FourthItem+%13  01 0#?Y@4@#?Y@4@#?@? + +   22226ffffffֿp= ף(\?TQ ` + ` +f ` +_ ` +f  ` +3 ` +f ` +f ` + ` +  ` +   ` +   ` +    ) |   ) |  )|  )|  )|  )|  )|?  )|  )|  )|  )|  )| 43J$`0w;FR]htIC`` ` A"Arial Regular )|  )|C`eeA"Arial Regular )|3f  )|C`eeA"Arial Regular )|  )|C`eeA"Arial Regular )|  )|C`eeA"Arial Regular )|  )|C`eeA"Arial Regular )|  )|C`eeA"Arial Regular )|  )|C`A"Arial Regular )|  )|C`LLA"Arial Regular )|  )|C `LLA"Arial Regular ) |  ) | C A"Arial Regular ) |  ) | C `A"Arial Regular ) |   ) | C A"Arial Regular ) |   ) |   // /Title of ChartLegendd  m@1st Qtr2nd Qtr3rd Qtr4th QtrNorth# Z2AU@South# 2(-F@East# (@West# -   0'1 `+226 6 +%13 `,:!#O, \AZ"Arial RegularO        @North.+%1f3 `-$$%%.+%13 `.&b)O, \AZ"Arial RegularO        @South.+%1_3 `/226 6 .+%13 `0:!#uO, \AZ"Arial RegularO        @East.+%1f3 `1$$%%.+%13 `2&b)uO, \AZ"Arial RegularO        @West.%1 3;T ;  4;T ; 0 0T  5 ;T 0T , 1 6 ;w 0w 7; 0 8;; 0 9]; 0) :K "T  ;# $'T  <4( +T ) =4/ b  >b ba ?[.   @  A-s s  Bs  1MM3 `C \!, \! x13 `D xx1MM3 `E x\!"x `Fd% %, %d%213 `G*# d% d%2*#21MM3 `Hd%2%#*#2 `I) E*, E*)13 `J' ) )'1MM3 `K)E* (' `LM. ., .?M.13 `M, M. M.,1MM3 `NM..?,?,13f `O <  1f3 `P<  <  13f3 `Q  I `R$< $ $$1f3 `SP"< $< $P"13f3 `T$$"P" `U(< l) l)Z( 1f3 `V&< (< ( & 13f3 `W( l)Z2'Z&  `Xt-< - -t-1f3 `Y9+< t-< t-9+13f3 `Zt--+9+1f0 `[=   =G 1_3 `\ = =G G 1f03 `]=G  o G  `^# $ $# 1_3 `_w! # # w! 1f03 ``# $!w!  `a&( ( (1&(1_3 `b% &( &(%1f03 `c&((1X&1% `d, - - , 1_3 `e`* , , `* 1f03 `f, - * `* 13@ `gd K \ d 1f3 `h) d d ) 13@3 `id \ \ )  `j" E#K E#n " 1f3 `k " "  13@3 `l" E#n !n   `mM' 'K ' M'/ 1f3 `n% M' M'/ %/ 13@3 `oM'/ ' % %/  `p+ .,K .,+1f3 `q) + +)13@3 `r+.,))13 s G .% tO, \AZ"Arial RegularO        @  1stQtr.% u! !G .% v"#O, \AZ"Arial RegularO        @  2ndQtr.% w% %G .% xo$'O, \AZ"Arial RegularO        @  3rdQtr.% yn* n*G .% z(+O, \AZ"Arial RegularO        @  4thQtr.% { T .% |: + O, \AZ"Arial RegularO        @  0.% } T .% ~] N O, \AZ"Arial RegularO        @  20.% T.%  pO, \AZ"Arial RegularO        @  40.% ;T;.% O, \AZ"Arial RegularO        @  60.% ]T].% O, \AZ"Arial RegularO        @  80.% T.% O, \AZ"Arial RegularO        @  100 /ARdu!2DUfw66 ^ p6 %a.1 A NQxWPCXX81%XX81%DŽ3'XXXX,,,,519'"Ƅ{0<$ 0<$ 0<$-.)*+%'513 e.\#^OA"Arial RegularOH H H         @  Q QOA"Arial RegularOH H H         @  FireInsuranceandEminentDomainAwardsWPCXX81%XX81%'3'XXXX,,,,9""0h$ 0h$  "0h$' `!.#O, \AZ"Arial RegularOT T T         @  Q QO, \AZ"Arial RegularOT T T Whogetsthefireinsuranceproceeds?WPC XX81%XX81%3'XXXX,,,,9j"I0BI0C , \AZ"Arial Regular +C ++, \AZ"Arial Regular +3f3fC , \AZ"Arial Regular +3f3fC , \AZ"Arial Regular +3f3fC CC, \AZ"Arial Regular +3f3fC , \AZ"Arial Regular +3f3f9?   433333333 @3 @3 @3 @3 @3 @3 f" dddddd$   I0.'133 @IQ/O, \AZ"Arial RegularO        @3  a aO, \AZ"Arial RegularO        @        @3    O, \AZ"Arial RegularO        @0..Ifbothmortgageandinsurancepolicyaresilent?f  O, \AZ"Arial RegularO        @3    O, \AZ"Arial RegularO        @0..IfmortgagesaysMEgetstheproceeds?f  O, \AZ"Arial RegularO        @3    O, \AZ"Arial RegularO        @0..IfMEisnamedasaninsuredonthepolicy?WPC4XX81%XX81%-3'XXXX,,,,9"( 0h$  0h$  ( 0h$' ' .#TO, \AZ"Arial RegularOT T T         @  Q QO, \AZ"Arial RegularOT T T O, \AZ"Arial RegularO WhatarethelimitsontheMEsrecoveryofinsuranceproceeds?WPC XX81%XX81%3'XXXX,,,,9j"K0BK0C , \AZ"Arial Regular +C , \AZ"Arial Regular +3f3fC xx, \AZ"Arial Regular +3f3fC , \AZ"Arial Regular +3f3fC , \AZ"Arial Regular +3f3fC , \AZ"Arial Regular +3f3f9?   433333333 @3 @3 @3 @3 @3 @3 f" dddddd$   K0-.'133 @KQ/O, \AZ"Arial RegularO        @3  a aO, \AZ"Arial RegularO        @        @3    O, \AZ"Arial RegularO        @0X..Theamountoftheproceedsf  O, \AZ"Arial RegularO        @3    O, \AZ"Arial RegularO        @0X..MEsimpairmentofsecurityasdefinedforpurposesofwaste(unlesstherescontrarymtg.clause)f  O, \AZ"Arial RegularO        @3    O, \AZ"Arial RegularO        @0X..Thefulldebt.WPCXX81%XX81%'3'XXXXKKKK9"&<+Y02+Y0C ` ` , \AZ"Arial Regular +C @@, \AZ"Arial Regular +3f3fC xx, \AZ"Arial Regular +3f3fC , \AZ"Arial Regular +3f3fC , \AZ"Arial Regular +3f3fC , \AZ"Arial Regular +3f3f)?   433333333 @3 @3 @3 @3 @3 @3 " dddddd$   &+Y0' %;I/O, \AZ"Arial RegularO        @  Q QO, \AZ"Arial RegularO` ` ` Standardmortgagepolicy:  O, \AZ"Arial RegularO` ` ` 0,..O, \AZ"Arial RegularOThisinsurance,astoME,shallnotbeinvalidatedbyanyactorneglectofthemortgagororowneroftheproperty,norbyanychangeinthetitleorownershipoftheproperty,norbytheoccupationofthepremisesforpurposesmorehazardousthanpermittedbythispolicy.WPCXX81%XX81%-3'XXXXKKKK9"(0h$ 0h$  (0h$' '.#OA"Arial RegularOT T T         @  Q QOA"Arial RegularOT T T Whatstheeffectof...WPC XX81%XX81%-3'XXXXKKKK9",0+k1Bk1C , \AZ"Arial Regular +C , \AZ"Arial Regular +3f3fC xx, \AZ"Arial Regular +3f3fC , \AZ"Arial Regular +3f3fC , \AZ"Arial Regular +3f3fC , \AZ"Arial Regular +3f3f9?   433333333 @3 @3 @3 @3 @3 @3 f" dddddd$   ,k1.133 +;k1 O, \AZ"Arial RegularO        @3  a aO, \AZ"Arial RegularO        @        @3    O, \AZ"Arial RegularO        @0X..MRburningdowntheproperty?f  O, \AZ"Arial RegularO        @3    O, \AZ"Arial RegularO        @0X..MRcommittingfraudontheinsuranceapplication?f  O, \AZ"Arial RegularO        @3    O, \AZ"Arial RegularO        @0X..MRmanufacturingpaintthinnerontheproperty?f  O, \AZ"Arial RegularO        @3    O, \AZ"Arial RegularO        @0X..MRfailingtopaytheinsurancepremiums?WPC XX81%XX81%?3'XXXX,,,,9">0B0C ` ` , \AZ"Arial Regular +C , \AZ"Arial Regular +3f3fC xx, \AZ"Arial Regular +3f3fC , \AZ"Arial Regular +3f3fC , \AZ"Arial Regular +3f3fC , \AZ"Arial Regular +3f3f9?   433333333 @3 @3 @3 @3 @3 @3 " dddddd$   >0.'133 =.O, \AZ"Arial RegularO        @3  a aO, \AZ"Arial RegularO` ` `         @        @3    O, \AZ"Arial RegularO` ` `         @0X..WhydidSigmondswanttheinsuranceproceeds?  O, \AZ"Arial RegularO` ` `         @3    O, \AZ"Arial RegularO` ` `         @0X..WastheSigmondssecurityimpaired?  O, \AZ"Arial RegularO` ` `         @3    O, \AZ"Arial RegularO` ` `         @0X..WouldthecasesresultbethesameifthemortgageitselfhadgiventheSigmondstherighttotheinsuranceproceeds?WPCXX81%XX81%3'XXXX,,,,9Hj"g1k$ g1k$  g1k$.)*+%'153 W0#O, \AZ"Arial RegularOT T T         @  Q QO, \AZ"Arial RegularOT T T WhatactionsbyMEarebarredbyafullcreditbid?WPCvXX81%XX81%3'XXXX,,,,9Hj"0B0C ` ` , \AZ"Arial Regular +C , \AZ"Arial Regular +3f3fC xx, \AZ"Arial Regular +3f3fC , \AZ"Arial Regular +3f3fC , \AZ"Arial Regular +3f3fC , \AZ"Arial Regular +3f3f9?   433333333 @3 @3 @3 @3 @3 @3 " dddddd$   0.133 .G O, \AZ"Arial RegularO        @3  a aO, \AZ"Arial RegularO` ` `         @        @3    O, \AZ"Arial RegularO` ` `         @0X..Deficiency  O, \AZ"Arial RegularO` ` `         @3    O, \AZ"Arial RegularO` ` `         @0X..Pre-foreclosurerents  O, \AZ"Arial RegularO` ` `         @3    O, \AZ"Arial RegularO` ` `         @0X..Waste  O, \AZ"Arial RegularO` ` `         @3    O, \AZ"Arial RegularO` ` `         @0X..Casualtyinsurance  O, \AZ"Arial RegularO` ` `         @3    O, \AZ"Arial RegularO` ` `         @0X..Fraudinmortgageapplication(?)~6 3 u$ol+2:4BHpMSECZWPCXX81%~/3'XXXXKKKK ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,942*+%1 ^n$/nWPCXX81%/s3'XXXXKKKK ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,942*+%1 ":x/x/xWPCXX81% 03'XXXXKKKK ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,9+%1 LdW0dWPC1XX81%f/"f3'XXXXKK?K? ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,9'"ej!/"O, \AZ"Arial RegularO` ` `         AssumetheresafirecausedbytheintentionalactoftheMR.Thefireinsurancecompanypaysoffallorpartofthemortgage.Whatwillitdonext?WPC XX81%u0T#i3'XXXXKKKK ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,942*' eE0"^O, \AZ"Arial RegularO` ` `         Starkman........ .. SigmondsBirnbaum'1f f !! !! !!111! ! ! ! ! ! !!!"""""""""'1"gVDV !zO, \AZ"Arial RegularO` ` `         Mtg"hm0O, \AZ"Arial RegularO` ` `         Purchaseprice..... .. $150,000Mortgage.............. .. $60,000Ins.proceeds........ .. $135,000Landvalueafter .. loss................... .. $71,500WPCsXX81%4."f3'XXXXKK?K? ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,942*'"e7.$"O, \AZ"Arial RegularO` ` `         FNMAform:(p.1210)0 ..Insuranceshallbeappliedtorestorationif...0 ..economicallyfeasibleand0 ..lenderssecurity(afterrestoration)isnotlessened.WPCmXX81%. 0!g3'XXXX,,,,51 ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,942*+' e. :.'!~O,wAZ"Arial RegularO` ` `         ShouldMRbeabletoforceMEtobecomea constructionlender?Whatifthebuildingwasa nonconforminguseunderthezoningordinance?+%ef'1 f/WPCXX81%p.R#l3'XXXX,,,,51 ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,942*+'"e2 ^.!mO,wAZ"Arial RegularO` ` `         SupposeMEmakesafullcreditbidattheforeclosuresale.ThenMEdiscoversthatthebuildingburneddownthedaybeforethesale!'51?& f@'@'.'/,Y/,/,/,/, g@'$$J@'* h$)A,'513B"i$p %pG%ZY%{Y%S%%%%MU&&H&&$B j&&&{&S'@'M''( <(N((H'(v'v'F k(:`(<(l((/N((q([()'))) K)3])~])$WPCXX81%WD;/#g3'XXXXKK?K? ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,942*'"eC0! O, \AZ"Arial RegularO` ` `         Eminentdomainawards:FNMAform(p.1213):0 ..Inapartialtaking(withnorestoration),themortgageisreducedby: .. @..@` ..`  .. ..0..Pre-takingdebtPre-takingFMV"f*!Q'p O, \AZ"Arial RegularO` ` `         ProceedsxWPC2XX81%5z0#f3'XXXXKKKK ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,942*'"e ;p0!#O, \AZ"Arial RegularO` ` `         Example:0 ..FMV................$100,0000 ..Debt..............0..$70,0000 ..Proceeds.........$60,000Debtreduction:0 ..$60,000x70/100=$42,000 .. Newdebt........$28,000 .. NewL/Vratio..:..70%WPCXX81%?/"g3'XXXX,,,,51 ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,942*+' e?."O,wAZ"Arial RegularO` ` `         Thus,theformulaspurposeistopreservetheactualpre-takingloan-to-valueratio.Butifthecondemnationawardundervaluesthepropertytaken,theloan-to-valueratiowillbeworse(higher)thanbefore.+%ef'1 f^"~/"WPCXX81%:0M3'XXXXKKKK ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,9+%ef1"$pq/qWPCXX81%f/"h3'XXXXKK?K? ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,9'"gj!/"O, \AZ"Arial RegularO` ` `         AssumetheresafirecausedbytheintentionalactoftheMR.Thefireinsurancecompanypaysoffallorpartofthemortgage.Whatwillitdonext?0 ..Takeanassignmentofthenote&mortgage,andenforcethemagainstMR.WPCCXX81%I .t!f3'XXXXKK?K? ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,942*'"ev  -/!O, \AZ"Arial RegularO` ` `         DoestheFNMAformallowuseoftheeminentdomainproceedsforrestorationoftheproperty,asitdoesforcasualtyinsuranceproceeds?(Seep.1213,Sec.11).WPCXX81%4. f3'XXXXKKKK ? ///???OOO___fffooof1?O/_??ߟ߿_?_?_?ffffO3(f3 3f1I_#f3ffL3$33fffff'3#33fLff̙fZ(/!f 3(f&3.3fu3f3f3%3(K_fLff333&fJr̕uknXBf,33 f!,7ff3 3f&3?[3pT8f3'3Nf3p`ff33f3?f3f̵kfU,:!.f0(-#fW3#fW̷̙0%3f̙0 0f̙ef 0! f!"!"!effff3#&e2e2,942*+<</ @1   e . .RRSlideShow`,J`,JMain FontInformation `,J`,JFontNumber0  Times New Roman6RwhT\|f|h0\RwRwTimes New Roman Regular&d9 Z FontNumber1 FontNumber2Times New Roman6RwhT\|f|h0\RwRwTimes New Roman ArialNew Roman6RwhT\|f|h0\RwRwArial Regular, \AZ