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201502705
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Last modified
7/21/2017 2:07:56 AM
Creation date
4/29/2015 2:02:25 PM
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DEEDS
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201502705
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��15��7�5 <br /> the Prope�rty �such as a proceeding in bankrup�cy, proba�e, far condemna�ion ar forfeiture nr to enforce Iaws or <br /> regu�a�ions}, �hen Lender may do and pay for whatever �s necessary �a protect the valu� of th� Property and <br /> Lender's r�gh�s xn�he Prap�r�y. Lender's act�ons may znc�ude pay�ng any sums secured by a Iien which has priority <br /> over this �ecurity Instrument,appear�ng in court,pay�ng reasona��e attorneys`fees and en�ering on the Proper�y�a <br /> make repa�rs.Alth�ugh Lender may�ake ac�ion und�r th�s sec��4n,Lend�r daes n��have to d�sa. <br /> Any amo�n�s dxsbursed by Lend�r under th�s sec�ion sha�l be�ame addi�ional debt of Barrawer se�ured by �his <br /> Secur��y �ns�rumen�. U�.�ess B�rrow�r and L�nder agree to o�her �erms of pa�men�, �h�se amnunts sha�� bear <br /> in�eres� fram �he da�e of d�sbursem�nt a� the same ra�e assessed on ad�ances und�r th� C�n�ract and sha�� be <br /> �payable,with interest,upon nati�e from Lender to Barr�wer requesting payment. <br /> In�p�ct�an. Lender or i�s agen�may make reasanab�e en�ries upan and inspect�ans of the Property. Lender sha11 <br /> g�ve Borrflwer r�a��ce at the time�f�r prior to an ins�ection specify�ng reasonable cause for�h�inspec�zan. <br /> Condemna�inn. The proceeds af any av�ard�r��axm f�r damages, direct or c�nsequent�al, in connection wi�h any <br /> ��ndemnati�� or other�aking of any par� of�he Prop�rty, or for c�nveyance �n lieu af condemna�zon, ar�hereby <br /> assigned and sha��be paid�o Lender. <br /> �n the event of a t��a1 �aking of the Properry, �he praceeds shall be applied to th� sums secured by th�s Secur��y <br /> �nstrument, vwhether or nat �hen due, with any exeess pa�d to Barrower. �n the even� of a partial tak�ng of the <br /> Prap�r�y �n which�he fair market�a�ue �f�he Property immediate�y before �he �ak�ng is equal�o or grea�er than <br /> the amou�.t of�he sums secured by th�s Security Instrumen� immed�ate�y befare the �akir�g, unless Borrovver and <br /> Lender o�herw�se agre� in vvritir�g,the sums �ecured by this Secur��y�nstrumen�sha�I be reduced by the amount�f <br /> �he proceeds mu�txp���d by�he following fract�on: �a}�he�o�a�amaun��f the sums secured immedia��ly befare�he <br /> taking, divided by �b� �h� fa�.r marke� valu� af the Pr�perty imm�dia�ely befare the �ak�ng. Any balance sha��be <br /> pa�d tfl B�rrow�r. �n�he even� af a par�xa� �aking of the Praperty in which the fair marke� va�ue of the Properry <br /> immed�a�z�y before �he �ak�ng xs Iess than the amaun� �f�he sums secured �m.mediately before �he takxng, unless <br /> Borrawer and Lender o�her�v�ise agree zn v�r�t�ng or un�ess App��cable Law otherwzse pro�ides, the proceeds sha�� <br /> be app�ied�o�he sums secured by th�s 5ecurity�nstrumen�whether or nflt the sums are the�.due. <br /> �f�he Pr�pez-�y �s abandoned by Borr�Wer, or if, after notice by Lend�r�o Borrower tha��he �ox�demnor offers�o <br /> make an a�vard or settle a cla�m for damages, Borr�Wer fails�o r�sp�nd ta Lender v���h�n�he minimum number of <br /> days esta�lished by Applica�le Lav�after�he da�e�he notice is given,Lend�r�s authorzzed�o co�Iect and appXy the <br /> proc�eds, at its option, e��her to res�ora��on �r repa�r of the Proper�y �r �o the sums secured by �his Securi�y <br /> �nstrumen�,v�he�her or n�t then due. <br /> Unless Lender and Borrower o�herw�se agre� in wri�ing, any applica�z�n of pr�ceeds to pr�ncipa� sha�l nat ex�end <br /> ar pos�pone�h�due da�e�f the payments due und�r the Contrac�or change�he am�unt af such paym�n�s. <br /> Borrowe�- Not Released; Forbearance By Lender Not a Wa��er. Extensz�n flf �he time for payment or <br /> mod�f Ga�i�n of amor��zati�on of the sums secured by thxs Security �ns�rument granted by Lender�o Borrower or <br /> any su��essar in �.��res� of Borrower sha1l not �perate �o r�leas� the liabili�y of �he ar�gina� B�rro,wer or <br /> Borrov�er's su�cessors ix� int�re��. Lender shall na��e requ�red to cammence praceedings agains�any successor�n <br /> in�eres�or refuse�o ex�end�i_me for pa�m.en�or o�herwise madify amor��za�ion af the sums secured hy this Se�ur�ty <br /> Instrumen� by reas�n of any demand made by the original Sorrower or Borr�wer's successars in interest. Any <br /> farbearan�e by Lender �n e�erc�s�ng any right or remedy sha��no�be a wa�ver of�r pre��ude the ex�rc�se of any <br /> r�gh�or remedy. <br /> Successo�-s and Assigns Bound; Ja�nt and S�veral Lia��lity; Accommoda�ion Signers. The covenan�s and <br /> agreemerits of�his Securzty Instrum�nt sha�l bind and berieft�he successors and assxgns of Lender a�.d Borrower, <br /> subj ect �o �he prov�s��ns af sectxon titled Transfer �f the Property or a Benef�cial Interest in Borrower. <br /> Borrower's co�enan�s and agreemen�s sha1l be join�and several.Any person v�ha co-signs�his Security Instrument <br /> �u� has no p�rsona� ��abi�ity under the �antract �"Accommoda�i�n S�gner"}: �a} �s cowsign�ng this Security <br /> �nstrumen� only to mortgage, gran� and con�ey that Accommodati�n 5 igner's in�eres� xn �he Proper�y under the <br /> �erms of �he Securi�y �nstrumen�; �b� zs not personaliy oblxga�ed �o pay �he sums secured by �his 5ecur�ty <br /> �nstrumen�; and�c}agrees�ha�Lender and any o�h�r Borrower may agree�o�xtend, mod�fy, f�rbear or make any <br /> acc�mmodatinns�xth regard�o�he terms of�his S�curi�y Instrument ar�he�ontract w�thout tha�Accommoda��on <br /> S�gner's consen�. <br /> Loan �harges. �f�he loan s�cured by th�s Securx�y Ins�rumen� is subje�t �o a Iaw wh�ch s�ts maximum �aan <br /> charges, and�hat�aw is fina�Iy interpre�ed so�hat the �nteresti or o�her loan charges �ol�ec�ed or�a be ca��ec�ed�n <br /> cannect��n vc���h the Iaan ex�eed the perm�tted lim��s, then: �a} any such �oan charge shall be reduced by �he <br /> amount necessary�o reduce�he charge to�he perm�tted Iim��s and�b} any sums already co��ected from Borrawer <br /> whxch exceeded perm�t�ed limits wi11 be refunded �o Borrower. Lender may choose to ma�e �his refund by <br /> reducing the �rincipa� oWed under the Contract or by makzng a d�rect paymen�to Borrov�rer. If a refund reduces <br /> principal,the redu�t�an�i11 be�reated as a par�ial prepayment under th�Contrac�. <br /> No��cQs. Any na�ice �o Borrow�r prfl�ided for in �hxs Secur�t� Ins�rument shall be gi�en by deiiverzng it ar �y <br /> mai�ing�f by f�rst c�ass mail un�ess App���able Law requ�res use of ano�her meth�d. The no��ce sha��be direct�d�a <br /> �he Prop�rty Address or any other address Borrnwer des�gna�es by notice ta Lender. B�rrov�er agrees to pravide <br /> Lender wi�h Borrower's mast current mailing address, as zt may change fram t�xne-�o��zme. Any notii�e�o Lender <br /> sha1��e�.�ven by f rs�c�ass ma��to Lender's address s�ated here�n or any other address Lender des�gnates by not�ce <br /> �a Borro�er.Any no�i�e pravid�d for in this Security�ns�rumen�sha11 be de�med ta have been given to Borr�w�r <br /> ar Lender vvhen g��en as pro�ided�n this paragraph. <br /> Cc�Z044-2�14 Cvrnpliance Systems,�n�.�'Dda-BDOz-20I3L2.I0.1,895 <br /> Consumer ReaI Estate-Security Instrumen#DL243d Page 3�f 5 www.compliancesyst�ms.com <br />
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