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201506959
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Last modified
7/21/2017 8:36:24 AM
Creation date
10/9/2015 10:24:36 AM
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DEEDS
Inst Number
201506959
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� ��15�6959 <br /> �pterest f��arn the date of disburs�men�at�he No�e xate a�d s�7a��be a ��le <br /> p Y ,w���l�n�eres�,upon r�o��c�fr�m Le��der <br /> to Barr��rer requesting paymen�. � <br /> MortgagQ Insurance. �f Lender required mor�gage insuranc� as a c�nditian of ma�in the �a <br /> Secur�ty Instrumen�,Barrawer sha�l pay the premiums re u�re��a main�a.i g �p. secured by �h�s <br /> � n�he rnor�ga�e�nsurance�n effec�. I f,#�or <br /> any r�ason, �he mor��a ge�nsurance co�er a b e r e�u�r e d b y L e n d e r l a p s e s �r c e a s�s �o be in e f fec� Borrov�er sh <br /> p a y t h e p r e m�u m s r e Q u�r�d ta o b�a�n �:a�erage su bs�an��a11 e u�vaien� �o ��� ' a I l <br /> Y � e mar�gage �nsuran�e pr���ously �n <br /> effect, at a cos� �ubs�antialiy eyu��aient to �he cas� �o ]3or�-o�ver of the mnrt a e �nsurance re�iou <br /> frarn an a�ternate martgabe �nsur�r approve��b Lender. �f substanti g � p 5�3� �p eff�c�, <br /> Y ally equ�vaIen��no�t�age��asurance co�era.ge is <br /> no� available, Bo�-rower sha�i pay �o Lend�t� each m�n�h a sum equa� t� one-�welf�h of�he ear� ma <br /> �nsurance premium being pa�d�y Barrov�er v�hen the �nsurance covera e �a sed or � � ����e <br /> g p ceased to be �n effec�. Lender <br /> wi�1 accep�, use and re�ain th�se paym�nts as a�oss r�serv� in lieu�f mo�-tga e insurance. L�ss reserv <br /> may n� �nn��r be requ�red, a� �he ap�ion af Lez�der if mort � � insu � ��a�men�s <br /> � g g rance �o�rerage �in �he arnount and for t��e <br /> peri�d that Lender requ�res}pro�rided by an �nsurer appraved by Lende�again becames a�ailabie and �s obtain <br /> �d. <br /> B�rr�wer sha�I pay the p�-ernzums regu�red t�main�a�n mort�a�e �n�uran�e �n eff�c�, o�-to ra��de a Ioss re <br /> untzi the requ�rcrnent far mor�gage �nsurance ends �n accordance w��h an wr�tte � ��r�e, <br /> y n agree���enL betv�een Borrower <br /> and Lender ar AppIzcabte Law. <br /> Inspec��an. L�n�er or its agent may ma�e reasonab�e en�ries u on.and �ns ection <br /> � p . s of the Proper�. Lender shal i <br /> g�ve Borrower no��ce a�the�zme af��r pr�or�o an inspe�tion specif�r�ng reasanable cause for�he ins ect��n. <br /> � <br /> �'andemnat�an. T�e pr�ceeds af any award�r c�aixn for damag�s, direct or ca��sequen��al��n connect�an��i�h an <br /> condernn.at�an ar�ther�ak�ng qf any par�af�1�e P�apert��, �r f�r�an�eyance �n lieu of condernna��on y <br /> , are hereby <br /> assigned and shai�be pa�d�o I.,�nd�r. �� <br /> In the even� of a �ata� takin� of#he Propex�y, �he proceeds sha�l be a ���ed to the sum <br /> �� s sccured by �h�s Secur�ty <br /> �ns�rument, whe�her or n�� �hen due, v�i�h any excess paid �� Ba�-r-owver. �l� t�ae e�en� of a artial takin of�he <br /> Property in �hich t�� fair market va�ue �f�l-�e Pr�pert� �mmed�a�el befare the tak� � � <br /> Y n� �s e�ua� tia or g�-ea�er than <br /> the amount af the sums se�ur�d by �h�s Secur�ty Instrument irnmedi�ate�y before�he �a��n�, Unless B�rr��ver and <br /> Lender other�v�se agree�n w�i��ng,�he sums s�cured by this Security Ins�rumen�sha�� b�redu�ed by�l�e amount af <br /> �he proceeds mu��iplied by�he follovv�ng fraction: �a}the�otal amaunt af the�ums secured ��r�r��e�iatel befnre the <br /> �aking, d��ided by �b� �he fa��•marke��atu� �f�he Proper�r ��nrnec�iatel bef�re �h� �akin . y <br /> Y g �ny balan�e shal� be <br /> pa�d �o Borr�v�,�er. In �he everi�vf a par��al ta.lcin� of�he PraperCy in v�hich �h� fa��- marke� va�ue of��e Pra er�� <br /> �mmediately bef�re the �a�ing �s �ess than the amaunt af the sums se�ured �mn�ediate� before the ta • P � <br /> y k�ng, unless <br /> ��rrotiv�r and Lender otherw�se agree in��ri�ing or un�ess Appl�cab�e Law otheru�is�pr���des, ���e pr��eeds shal� <br /> be ap�l�ed t��he�ums secured bw th�s��curi�y�pstrurnent whe�her�r not the su�ns are then due: <br /> �f the Property�s abanda�ed by B�rrower, or if after no�ice by L�nder ta Borrower�hat�he candem.n r <br /> 0 offers to <br /> ma�e an av�rard or set��e a c�a�m for damages, Borro�ver fa��s�o resp�nd�a Lender�v�thin t�e n�inimum number of <br /> days e�tablished by Appl��ab�e Law after the da�e�he nn�i�e is gi�en,Lender��au�harized�o c�l�ect a��d applyr the <br /> praceeds, a� �ts option, either to restara��on or repa�r of�he Proper�y or �o the surns se�ured by �h�s Securi�y <br /> Ins�rument,�vhe#l�er or r�at�hen due. � <br /> Unless Lender and Borro�er a�her-�v�se agree in writing, any app�ica�ion af �-aceeds�t� rinci a� shall no�e <br /> P � � xtend. <br /> or postpone the due da�e af�he paymen�s referred to �n �he sec�aan�tx�ied Pa�men� af Frinc�pal and in#�res�; <br /> Prepaymen�and Late Charges or change�he amount af such pa�men�s. <br /> B�rra�ver �ot Rel�ased; �arb�arance By Lender Not a Wa�ver. �x�ens�an of �he �i�-ne for a ment �r <br /> PY <br /> m�d�f�cation of amort�za�ion of the sums secu�-ed �y this Secur��y �nstru���en� granted by Lender�o Barro�er or <br /> apy su�cess�r in �n�eres� of Bo�-rawer sha�i n�� opera�e t� re�ease the liabiIi�� of �h� arig�nal B�r�ov��r or <br /> Barrov��er's successors in in�eres�. Lender shall nat be required to cammence prace�dings against any success�r�n <br /> in�e�rest or refuse��extend tirne for payment or ot��e�-wise madify arnorti�a�ion�f�he sums secured by�h�s Security <br /> Instrumen� �y reasan �f any dern�nd made by �he �ri�inal Bor�-owe�- �r B�rrower's successors i�� �nterest. Any <br /> farbearan�e by Lender in exercis�ng any r��h�or remedy s��a�� no�be a waiver of ar precIude �he exercise of any <br /> r�ght or rerned�. . .. <br /> �uccessars and Assigns Baund; Join� and Severa� L�ab�tity; Accnmmadatian �igners. ��,I�e co�enants and <br /> agreeme��s of�h�s Se�urity ���strurnent shal�bind and benefit�he succ�ssot-s and assigns of Lender and B�r�rc�wer, <br /> subjec� �a �he prav�sians of sectian ti��ed Transfer of the Propert�► or � �en�fieEa� �n�eres� in Sorrower. <br /> Barro�er's cflvenan�s and agreements sl�a�i be.�oin�and several. Anv person�vh�c�-s�gns�his Seeuri�y�ns�rumen� <br /> but daes not e�ecu�e ��ae N�te �"Accomrnada�ian Si�ner"�: �a} is.co-si�nin� �his S�cur�ty�Tr�s�rumen� on�y to <br /> mort�age, grant and�apvey that Accornmad�ti�n Signer's �n�eres��p the Praper�y under�he terms of the Securi�y <br /> �nst�rument; ��) is no�pe�-sona��y ob�iga�ed ta p�.y���e sums secured by���is Securi�y �nstrurnent; and �c} �gre�s that <br /> Lender and anv.other Barr�wer may a�ree to ex�e�d,mfldify,forbear or make any accQmmodatians�+ri�h regard ta <br /> �he terms of�his Secur��r Ins�rument ar the Note wi�haut that Accommadatzon.S�gner's coz�sen�. <br /> Lvan Charges. �f�he �aan �secured by th�s Security Inst-�-ument is subjec� t� a lav�i wh��h sets rnaximum loan <br /> charges, and fi��a�ia�r is fnalJy �nterpre�ed so�hat the in�erest or a��aer loan �harge� cc��l�ect�d ar ta be cal�ecte� in <br /> c�nnec�ion ��vi�h the �.aan ex�eed �he perm��ed ��mi�s, ther�: �a� an�r su�h ��an c��arge sha�l be reduced by the <br /> amoun�necessary�o reduce the charge tfl�he perrni��ed �imits and�b}.any suzns_already colle�ted frorn Bor�-aw�r <br /> which e�ceeded permit�ed limi�s ��i11 be refunded �o Borrower. .Lendet� ma� choase to make �his refund by <br /> reducing the p�incipal ov�ed under �he No�e ar by mal�xng a direc� paymen� �a Borrower. If a refund redu�es <br /> principa�,�he reductxan v�i1�be�reated as a par��al.p�-epa�ment withaut an�prepay�nent charge under�he I�[a�e. <br /> C 2�04-2�7 S Cor�i�rtiar�ce Systems,Inc.�SBC-G 19C-2a 15.3.5.1 Q54 . . <br /> Consurner Rea�Estate-5ecurity Instrument DL243G � Pa�e 3 of G ww�i�.corn�;lian�esystems cnm <br />
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