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201201755
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Last modified
3/14/2012 1:54:35 PM
Creation date
3/7/2012 11:08:25 AM
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DEEDS
Inst Number
201201755
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201201755 <br /> designated a substirute nodce addre�s by notice to Lender. Borrower shall promptly notify L,ander of <br /> Borrower's change of address. If I.enda sp�ifies a procedure for reporting Borrawer's change of address, <br /> then Borrower shall only repoE a change of addras through tbat sp�ified procedure. <br /> T7�ere may be only one designated noace address under this Security Inshvment az�y one time, Any notice <br /> to Lender shall be given by deliveting it or by mailing it by first class mail W Lender's acldtess stated hereln <br /> unless Lender has designated another address by notice to Bonower. Any notice in wnnection with this <br /> Security Instrument shall not be deemed to have bcen given to L.ender until aemally raoeived by L.ender. If <br /> atry notice requir�l by this Security Insuvment is also required undet Applicable Iaw, the Applicable Law <br /> requirement will satisfy the conesPondin8�c4uiremen�under this Security Instrument. <br /> 7 B. Ooveming Lew; Severebility; Rules of Construction. T6is Security Tnm,,,me.�r�be govemed by <br /> federal law and the law of the jurisdiction in wbich the Property is located. Al1 rigttts and ohligazions <br /> contained in this S�urity Instrument are subject to�y requirements and limitations of Applicable Law. <br /> Applicable I.aw might explicitly or implicifly allow the parties to agree by contract or it might be silent, but <br /> such silence shall not be construed as a prohibition against agreement by contract. In the eveut that any <br /> provision or clau�of this S�urity in�m,,,,�,r or the Note conflicts with Applicable Law, such conflict shall <br /> not affect otha provisions of ttus Sec�sity Instrument or the Note which can be given effect without the <br /> contlicting provision. <br /> As used in tlus Security Instrument: (a)words of the ma.5 ��Q gender shall mean and include corresponding <br /> neutet words or wards af the feminine gender; (b) woais in the singulaz shall mean�d include the plural <br /> and vice versa; and(c)the word "may" give.v sole discretion without any obligation to take any action. <br /> 77. Borrower's Copy. Borrower shall 6e given one copy of the Note and of this Security Instrument. <br /> 1 S. Transfer of tl�e Properry or a Beneficlal Interest in Borrower.As used in Nus Section 18, "Interest in <br /> the Property"meaos any legal or heneficial interest in the Praperty, including, 6u[not limi[ed to, those <br /> beneficial interests uansfetted in a bond for deeil, contract for de�, installment sal�contract or escmw <br /> agreEment, the intent of which is the hansfer of fitle by Borrower at a future date to a purchaser. <br /> If all or any part of the Property or any Interest in the Property is sold or trmsFerretl(or if Borrower is not a <br /> natutal person and a heneficial interest in Borrower is sold or transferred)without Lender's prior written <br /> consent, I.ender may require immediate payment in full oF all sums s�ured by this Secarity Instrument. <br /> However, ttus oprion shall not be exercised by Lender if such exercise is prolilbited by Applicable I.aw. <br /> If Lender exercises this opdon, Lender shall give Borrower notice of acceleration. The notice shall provide a <br /> period of not less than 30 days from the date the notice is given in accordance with Section 15 within wlrich <br /> Borrower must pay all sums secured by this Security iner�,.�„r, If Borrower fails to pay these sums prior to <br /> the expirarian of flus petiod, Lender may invoke any reanedies permitted by this S�urity Insttumsnt without <br /> further notice or demand on Horrower. <br /> 19. Borrower's Right to Reinstate After Acceleration. If Borrower mcets certain condiuons, Borrower <br /> shall l�ave the right to have enforcement oF tiris Security instn,mQ.+t discontinued at any[ime prior ro the <br /> earliest of: (a)five days before sale of the Proper[y putsuant to any power of sale cornained in tLis Security <br /> Instrument; @) su�h other petiod as Applicable L.aw might specify for the t�*++inarion of Borrower's right to <br /> reinstate; or(c)entry oF a judgment enforcing ktus Securiry Insmiment. Those conditions are that Borrower: <br /> (a)pays Lender all sums which then wauld be due under this Security Instrument and the Note as iF no <br /> acceleration had occurred; (b)cures any default of any other covenants or agr�menu; (c)pays all expenses <br /> incurred in enforcing tlris Security Instrument, including,buT not limited to, reasonable attomeys' f�s, <br /> property inspeclion and valuation fees, and other fces incurred for the purpose of pmtecting Lender'y interest <br /> NFBHASNA-Sl�la Femilyfemtie Mae/Fraddie Mec UNIFORM IPoSfHUMENT Fortn 3028 1/01 <br /> VMP� VMPBINE1111051A0 <br /> W ohere Kluwv Fire�lal Servicae Paga 12 of 1] <br />
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