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97110535
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Last modified
3/12/2012 8:26:47 AM
Creation date
10/19/2005 8:43:56 PM
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97110535
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;"�`� . "�^u�epap+aa'w5 . 'J'��i <br /> ' d�1��1�rs' . 'Mft7 ..__ <br /> ; _ __ <br /> ' . �:r.�..:�_���.��'� _.....J._.... . "_ _".s._...__.�. y.--__ <br /> . . _,.. .�'r;1:.._._ <br /> ,. ..��� <br /> _ ...,�—'�_—---- _ _�..:—- <br /> — _ ___ � a __—`�i•E`��---_ ��_.�� _— <br /> — _— - _ --_�� –_ _--_--- �•L'R.��.���__—_--- <br /> — - — .. � �4/IefLr'1'�{w.�/� 'd�4��.����iP1��'d' .T�:� • Y �u l .a�. �'�f�''��E_ . ia__-___. <br /> :+t` _"?�'��'f�'"'+E�s±'%�m€��'Cms.�s. �_�^_"�r.as"`�E'iliF,�'�''r�m _ _� _ � . .. . . _ - <br /> payments may no longer b�rcquired, at thc option of Lendsr, if mortgugc insuruncc covcrugc(in thc amount and for thc pericxl <br /> that Lender requires)provideci by an insurer npproved by Lender again becomes uvuilable nnd is obtuinecl. Borrower shnll pay <br /> :he premiums required ta mnintain mortgu�e insurunce in cffcct,or to providc a loss reserve,until thc requir�ment for mart�;a�c <br /> insurance ends in uc�ordance with any written ugreement hetween aorrower und I.ender or upplicuble law. <br /> 9.Inspectton. I.ender ar its agent may make reasonable entrics upon und inspcctions of the Property. I.cndcr shull give <br /> Borrower natice nt the time of or prior to an inspection specifying reasonable cause for the inspection. <br /> 10. Condemnation. The proceeds of uny award or claim for damages, direct or consequential, in connectlon wlth nnyy <br /> condemnation or other taking of any part of the Property,or for cunveyance in lieu of condemnation, are hereby assigned and � <br /> shall be paid to Lender. <br /> ln thc event of a total taking of the Property,the proceeds shal!t,e upplied ta the sums sccureci by this Security Instrument,� <br /> w}tctlier or not then duc, with any excess paid to Bonower. In the event of u partinl taking of the Praperty in which the fair <br /> markct vulue of the Property immediatcly before the taking is equal to or greater than the amount of the sums sccured by this <br /> Security Instrument immediately befare the taking,unless Borrower and Lender othenvise agree in writing, the sums secured by <br /> this Security Instrument shall be reduced by the amount of the proce.eds multiplied by the following fraction: (a) che total <br /> amount of the sums secured immediately before thc taking, divided by (b) the fair mArket value of the Property immediately <br /> bcfarc thc taking. Any balancc shall bc paid to Borrowcr. In thc cvcnt of a partial taking of thc Property in which thc fair <br /> market value of the Property immediately before the taking is less than the amount of the sums secured immediately before the <br /> taking, unless Bonower and Lender otherwise agrce in writing or unless applicable law otherwise provides, the proceeds shap <br /> be applied to the sums secured by this Security Instrument whether ar not the sums are then due. <br /> If the Property is abandoned by Borrower, or if,after notice hy I.ender to Bocrower that the condemnor offers to make an <br /> uward or settle a cluim for damages, Borrower fails to respond to Lender within 30 days aftcr the date the notice is �iven, <br /> Lender is authorized to collect and apply the procceds,at its option,either to restoration ar repair of the Property or to the sums <br /> secured by this Security Instrument.whether or not then due. <br /> Unless i.ender und Borrower otherwise agree in writing, any upplication of proceeds to principnl shall not extend or <br /> postpone the due date of the monthly payments ceferred to in paragraphs 1 und 2 or change the amount of such payrr�ents. <br /> 11.Borrower Not Released;Forbearance By I.ender Not a Waiver. Extension of the time for puyment or modification <br /> of smertization Qf th�sams se�ured b;th':s Sacuril;Irstnsment;rsnted b;ix.^.der ta sny succc.:sar in intc:csi of P.asro�:cr sha!! <br /> not uperate to release thc liability of thc original Borrowcr or Borrower's successors in interest. I.ender shall not be required to <br /> commence praeedings aguinst nny successor in interest or rcfuse to extend time for puyment or otherwise madify amorti�atian <br /> of thc sums securcd by this Sccurity Instrument by ra�tson of any dcmand mude by thc original Borrower or Borrowcr's <br /> succestic�rs in interevt. Any forbearimce by L,ender in exercising any right or remedy xhull not be n wiifver of or preclude the <br /> cxcrcisc of any risht or rcmedy. <br /> 12. Succex.w��a and As�IRny Bound; Joint and S�veral I.lublllty; Co•signers. Tl�e covenants und ugrcements of this <br /> Sccurity Intitrument shnll bind und bcncfit thc succcsson and ussigns of I..cndcr und Borrowcr, subject to thc provisions of <br /> prragraph 17. Borrowcr's covcnunts and ogrecmcnts tihull bc joint and scvcral. Any Borrowcr who co-signs this Sccuriry <br /> Inxtrumcnt but does not exccute the Notc: (a) is co-si�ning this 5ecurity Inctrument cmly to mortguge, grant and convey that <br /> Borrower's.interest in thc Property under thc terms of this Sccurity Instrument; (b)is not personally obligated to pay the sums <br /> secured by this Security Instrument;und(c)agrecs that Lendcr und uny ather Borrower may ugree to extend. malify,forbear or <br />• make any accommodations with rcgard to the terms of this Security Instrument or the Note wlthout that Borr�wer's r.onsent. <br /> 13.Loan Cltarge.s.If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges, <br /> and that law is rnally interpreted so that the interest or other loan charges collected or to be collected in connection with the <br /> loan exceed the permitted limits, then: (a)any such loan chai•ge shall be reduced by the amount necessary to reduce the chasge <br /> to thc permittcd limit; and (b)any sums alrcady collected fram Borrowcr whicU exceecied permitted limits will be refunded to <br /> Borrower. Lender muy cliouse to muk� this refund by reducing the principal owed under the Note or by making a direct <br /> paysnent to Borrowcr. If a refund reduces principul, the reduction will bc treuted us a parti;il prcpayment without any <br /> prepaynient chargc undcr the Notc. <br /> 14.Notices. Any nuticc to Iiorrowcr provid�i for in this Security Instrumcnt shall be given by dclivcring it or by mailing <br /> it by fi�st class mail unlcss applicuble law requires usc nf anothcr method. The noticc shall be directed to the Froperty Address <br /> or any other uddress Borrower dcsignatcs by notice to Lender. Any notice to Lcnder shall be given by tirst clnss mail to <br /> Lender's uddress stnted herein or any othcr address L.cnder designates by notice to Borrower. Any notice provided for in this <br /> 5ecurity Instrument shall bc deemcd to havc been givcn to Borrower or Lender whcn givcn as providcci in this purngraph. <br /> 15.Governing LAw; Severability. This Sccurity Instru►ncnt shall bc governed by fe.deral lu�v and the law of thc <br /> jurisdiction in which the Property is locatcd. In the event that any provision or clnutie of this 5ccurity Instrumcnt or the Notc <br /> conflicts with applicable law,such conflict shal! not affect other provisions of this Security Instrument or the Note which can be <br /> givcn cffect without thc contlicting provision. To this end thc provisions of this Securit�� Instrument and thc Notc are declarcd <br /> to bc scvcrablc. <br /> 16.Borrower's Copy.Borruwer shull be given onc conformed copy cif thc Notc and of thix Sewrity Instrument. <br /> Form 3028 9l90 <br /> � Pepo A of 6 <br />� . <br /> �r., . . _...._. .... . .. . ... ... . .. . . . . .. . __ ' _ __ _ _ <br /> , . � � . . . ..... ,. �.i. .��.ydrJ tt.4'+i`F�1.Wr�N1Aif�R`.ua'a�r�nt'MIS-tt�.:;c-t?TiluiEl:�:�.,..: -- ""�-�—`— <br /> .. .. . - ---,mn,.�ac�cc� .�--r:.: <br /> �__ ._ r <br />
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