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201601486
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Last modified
7/23/2017 10:06:14 AM
Creation date
3/14/2016 12:41:58 PM
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DEEDS
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201601486
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` 2� 1 �� 148� <br /> � <br /> �redity Agre�m�nt�hich can be gi��n efifect withvut the confli�ting prvWis�an, and ta this end the ' <br /> � <br /> pra�isEons of this S��urity inst�ument and the �redit Agreement are declared ta be se�rerab�e. As ; <br /> used herein, "cos�s," "ex�enses" and "attorneys' fees" ir�clude all �ums tn the e�tent not <br /> prohib�ted by appi�ca�l� law or �imit�d h�r�in. � <br /> �4. Prior Mar��age or De�d af Trust; Mvdificat�vn; Futur� Ad►�an�e. Bvrrow�r shal� not enter � <br /> into an agreement with th� holder vf any m�rt�age, deed of trust ❑r ather security agre�men� ' <br /> wh�ch �as rior�'� or�er thi Securit fnstrum�nt b whi h h ' � <br /> p y � y . y , c t at s�cur�ty agreement �s mvd��ed, <br /> ar�nended, extended, o� �enewed, ►nrithout the pr�c�r written consent of the Lend�r. Barrower sha�l <br /> neither reques� nor a�cept �ny future ad�ance und�r a pr�or martga�e, deed �f trust, or ath�r <br /> security agreement wi�hou�the p�r�a�written consent of i��nder. <br /> '15�. l��rrvwer's Ca . Borrawer shall be furn'shed a ca <br /> py i py o�the C�red�t Agreemen� an� af th�s <br /> Security Instrument at the time Qf exe�utic�n or after recordat�an hereof. <br /> ��K Reha�i�itat�c�n L�an �Igr��me�t� Borrowe� shall fulfill �Il �f Bvrrower's �bligat��r�s und�r <br /> any hame rehab�lita�ion, �mpra�ement, repair, or other Ioan agreement which Borrov►�er may enter <br /> �nto with L�nd�r. L�nder at Lender's v t�an ma re uir� Bvrrow�r to execute and �e�iWer to <br /> � <br /> ► <br /> Lender, �n � form acceptable to Lend�er, an assi�nment af an�y rigMts, claims or defenses �hich <br /> Barror►ve� may have �ga�nst parties who supp[y labvr, mater�al� or ser�ices in canne�tivn with <br /> im�rove�rter�ts mad� �v t�� Property. <br /> '�7. V�I'aiver of H�mestead Exerr�ption. Ta the �xte�n� p�rrnitt�d �y lavir, Barrower here�y <br /> wai��s th� benefit of the horrfestead exemption as tv all �ums secured by this �ecur�ty <br /> I nstrument. <br /> �8. V�lai►v�r�f 5tatutes vf Limi�a�ion. To the extent pe�m�tted b� [aw, Borr�wer hereby wai�es <br /> statut�� of fimita��an as a defense to any demand ar vbligat�on secured by thrs Se�ur�ty <br /> �nstrument. <br /> 'f 9� Mer�er. Th�re �ha�l b� no merger y vf the interest or estate created �y th'rs Securit� <br /> lr�strument wi�h any �ther interest ar estate in the Property at an� time held by a� for th� benefit <br /> of Lender in.any capacit , without the wr�tten cvnsen� of L�nder. <br /> ��. Not�ce a�' 1�ran��er of the Pro ��rt • �4drrances aft�r Tr nsfer. B r ' <br /> �, a� o rower sha�l g��e noti�e to <br /> Lender �s rv��ded in ar�g�ra h ��h�revf rivr �o an sal r r <br /> , p y p p , p y e o t ansfer of a!I vr part of the <br /> Pra ert ar an ri hts �n the l�ro ert . An person to w�om all or art of the Pro ert or an ri ht <br /> . p �Y Y. 9 p J� Y , p p Y Y � <br /> �n the ro erty �s sol� ar t�ansferred a�sa shall be ��li a�ed n �v i <br /> � e not�� t� Len er as rarn��d <br /> P 9 9 � • p <br /> in �r�a ra h T� her�of rom t� aft�r such transfer. <br /> r <br /> � Err�n f Bo�rvr�er trans�'er�the Pro ert vrrow r il <br /> p y, B e w I �ar�t�nue to be vbl��ated under the <br /> ��edit Agreem�nt and this Security �nstrument unless L�nd�r releas�s Borrawer �n writ�ng. As a <br /> cQnd���on to L�nder � G�a���r�� �� �ny p�Q�Q��d �ra��t�f�r �r� �� � �ar�di�i�n to �he r���as� �f <br /> Borrornr�r, Ler�der may re�uire that th� persan tc� whom the Property �s transferred Sign an <br /> assun�pt�on agre�ment sat�sfactn�y to Lender and Ler�der may impos� an assumpti�n fee. The <br /> assumpt�on agr��ment v�ill not ent�tfe the pers�n signing it to rece��e ad�ances under the �redit <br /> Agr�ement. <br /> 2�. Tr�n�f�r ❑f th� Prc� erty. Subject to ap�ficable law, Lender sha�l ha�re the �ight tv <br /> accefe�rate �hat �s to deman��mmediate a ment �n fu�l nf all su s secure i M t <br /> r , � p_y r r� d b y �h s �r g a g e a r <br /> Dee� v f Trus t, i f Barro►�ver, wi t hou t t he wr�t ten cons�n t o f Len der, se 1�s or trans fers a l l �r pa�rt o f <br /> t he Pr�per ty or any�r�g h ts �n t he Pr�per�y. <br /> !f Lender exerc�ses th� ❑ption to acc��erate, Lender shall gi�� �orror�ver n�tic� of acceleration <br /> in a�cordance vvith ara ra h '�� hereof. The notiGe sha�l r �ide a ri f n <br /> p g p p o pe od a ot less thar� 3� <br /> days fram �he date of tne nvtice ►nrithin rrvh�ch Barrower m�y pay th� surns d�c�ar�d du�, If <br /> Bor�ower fai�s �o a thase sums rior to the �x irat�on �f sucY� er�ad Ler�de� ma v►rithout <br /> r r <br /> �Further nat�ce or demand on Borrawer in�ok an epirr�� i p � <br /> , � y r d es per��tted by paragraph �� h�revf. <br /> ��. Default; Terminat�on ar�d ►�cc���ration• Remred��s. Ea+�� vf th� fa�lvw�n e►�ents shal� <br /> r <br /> cons�it�t� an err�nt of d�f�ult �"event �af default") under this �ecurit� Instru�ment: (`1� Barrower <br /> �orx�m�ts frauc� ar mak�s a ma�er��l mNSr��re�entatran �n �onnect�vn w�th this �ec�rity 1r�strument <br /> �r the �redit ►4 r��rr�ent; ��� Barrvwer does nat me�t th� repayment terms of the �redit <br /> A re�mer�t• or � ��rr�w��r' act��n +vr ina�tiar� adrrers I ff ' <br /> � r � � � � �� a e�t� the Lend�r s r�gl�t� in the <br /> Pr�pert� �ecured !�y th�s �e�ur�ty� �nstrument. If �n eWen� af d�fau�t accurs, the� prNar tv <br /> �x�rc�$in an r� ht ar remed ro►r�ded for in th�s Se�urity lnstrum�nt �nd rior to a�celerati�r� <br /> . <br /> Lender shall i►►e r��ti��as rorrided �n �ra �ra h 'I� hereof and as re �ir�d b�a I�cab�� law. The <br /> r�o ic� �hal� g e�if : � the n � �, q Y Pp � <br /> � p y � � er►e t c�f default, b� the act�on requ�r�d to cure the e►r�r�t �f d�fault. <br /> �c� a dat� not I�ss than twenty d�y� {or �ny �onger p�ri�d required by appl��abte law� frvrn the <br /> date the notice �s gir►er� ta Borrower by whi�h t�e �rrent vf d�fau�t must b� cured� �d� �ha� fa�lure <br /> tv cr�r� the even� af de��u�t an or �efore �he �dat� spe��fied in the r�atice n�ay result im a�c�l�ra�t�or� <br /> of the s�ms secur�c� �y thi� Security Inst�rum�nt and �a�e of the �rapert�; and �e� an�y oth�r <br /> i�farmatran requ�re� by app6��able law. T'he r�oti�e ��al� furth�r inf�rrn �orrawer of the r�ght to <br /> reinstate after accel�r�tion, �f applicab��, and t�e right ta hr��g a c�urt a�tion to assert the <br /> nvnexisten�e vf �n ever�� of de�ault nr an ather def�n�e af Bnrrower t acce�eration and �al�� �f <br /> Q <br /> ��� �rrent +af�efau�t i� nat �ured on �r �efc�re �he date specified �n t�e r��tice, Lender, at Lend�r's <br /> ENE998-e <br />
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