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90100090
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Last modified
3/7/2012 4:31:29 PM
Creation date
10/20/2005 8:25:17 PM
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DEEDS
Inst Number
90100090
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_ _ _� _ � _._ �.� _ __ <br /> _-i*_� <br /> �� <br /> I � <br /> �Q- 100090 <br /> � IP Lender required mongaQe insurance as a condition at making the laaa secured hy this Security 1r►strument. <br /> Sorrower shall pay the premiums requircd ta maint�in the insur�nce in eA'ect until such time u the rec�uirement for the <br /> in�unnce terminata in�ccordance with Bottower's and Lender's Mrittee a�rament or applicable law. <br /> 8. ias�ectio�. Lender or its�jent may mAke rcason�ble e�tries upon and inspecuons oi the Property. Leadcr <br /> shdl give Honawer notice at the time of or priar to an inspectian specifying reasonable cause for the inspection. <br /> 9. Coadernaadon. 'fhe proceeds of any award or claim for dunages.direct or conseyuential.in connection with <br /> any condemnation or other uking of any part of'the Praperty. or for conveyance in lieu of condemnation, ue hereby <br /> assijned�rd ahall be paid to I.ender. <br /> In the event of s total taking oP the Property�the praceeds shall be applied to the sums secured by this Security <br /> Instrument,�hether or not then due,�vith sny eaces�pai�to Borrower. !n the event of a putial taking of the Property, <br /> unless Harrower and Lender otherwise ajra in writing,the sums socured by this Security lnstrument ahall be reduced by <br /> the amount of tAe procads multip�ied by the following fraction: (a)the total amount of the sums secured imraediately <br /> before the taking,divided by(b)the fair market value of the Property immediately before the uking.Any balance shall be <br /> � paid to Borro�er. <br /> If the Property is abandoned by Bonower.or if,aRer notice by Lender to Borrower that the condemnor oifers to <br /> make an awud or settle a claim for damages,Borrower fails to tespond to L.ender within 30 days aRer the date the noti�e is <br /> given,Lender is authorizod to collxt and apply the proceeds,at its option.either to restoration or repair of the Property or <br /> to the sums secured by this Secwity Instrument,whether or not thea duc. <br /> Unless Lender and Borrower otherwise agra in writing,any application of proceods to principal shall not extend or <br /> postpone the dne date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of'such psyments. <br /> 10. Boerowu Not Relea�ed; Forbanace By I.ender Not a Wd�er. Extension of the time for payment or <br /> modi8cation of unartiution of the sums secwod by this Security Instrument granted by Lender to any succasor in <br /> inierest of Borrower shall not operate to release the liability of the original8orrower or Borrower's successors in interat. <br /> - Le�3:r:� nai � rquisr.3 ta euussssesir,� pr�tcdirsgs :gainsi an3 succe�,:or in interat er r=t�to entend sime fQz <br /> payment or othenvise modify amortization of the swns secured by this Security Instrumbnt by reason of xny demand made <br /> by the origi�al Bonower or Horrower's successors in interest.Any forbearance by Lender in exercising any right or remedy <br /> shall not be a waiver of or p_*tclLde ihe ex�rcise of a��right or remedy. <br /> li. Srcopron aa�Assipu Bo�sd;Joiat a�i Se�ee�al LiabWty;Co-sipers. The covenants and agramrnts of <br /> this Security Instrument shall bind and beaefit the successors and assigas of Lender and Horrower,snbject to the provisions . � <br /> of paragnph 17.Horroxer's covensu�ts and agrameats shall be joint and several.Any Borrower who co-signs this Security <br /> Inswmtat but docs not execnte the Note:(a)is co-signing this Security Instrument only to mortgage,grant and convey . <br /> that Borro�ver's interest in the Property under the teims of this Security Instrument;(b)is not persona]ly obligated to pay , . <br /> �- -•--- --- ��_. L• a. • • � .-` ----- L-' �---- L--n_�_....r_.... .. <br /> - inc aww�:i"uat vr iui5 ax:iiiiiji anaii�inati;aita tc�e�cc"s iva�j.cnuti +u�4�io�ji viuca aa�aivrvw uis7 o�icc tG cwact�t�i, - <br /> modify.forbear or m�lce any accommodations with re�rd to the terms of this Security Instr�ment or the Note without , <br /> thst Borrower's consent. . - <br /> 12. Lan C�arges. If the loan secured by this Security Instrument is subjoCt to a law which sets maximum loan , ;� <br /> chuges, and that law is finally interpreted so that ths interest or other loan charges collected or to be collected in - <br /> connection with the loan cxe,eed tho permittod limits. then: (a) any sueh loan charge shall be reduced by the amount � <br /> ne�essary to reduce the chuge to the permitted limit;and(b)any sums alrezdy collected from Bonower which eaaodai . '.� <br /> pertnitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed �� <br /> under the Note or by making a direct payment to Borrower.If a tefund reduces principal,the reduction wiU be treated as a � <br /> putid prepaymmt without any prepaymrnt charge under the�Tots. <br /> 13. I.e�tslaHon A}fectin� Lender's RI�6ts. If cnactment or eapiration of applicable laws has the effxt of '- <br /> • rrndering any provision of the Note or this Security Instrument unenforceable according to its terms.Lender.at its option, � <br /> may require immodiate payment in full of all sums secured by this Sccurity Instrument and may invoke any remedies ` ;�.'� <br /> . permittal by puagraph I9.If Lender exercises this option.Lender shall take the steps specifiod in the second paragraph of ' 4 <br /> ParaSmPh 17. t".i°. <br /> 14. Nodea. Any noace to Borrower provided for in this Security Instrument shall be given by delivering it or by . ,� . <br /> mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the � :.� <br /> Property Address or any other address Bonower designates by notice to Lender.Any notice to Lender shall be given by ' � <br /> first class mail W Lender's address stated herein or any other address Lender designates by notice to Borrower.Any notia <br /> provided for in this Security Instrument shall be deemed to have ban given to$onower or Lender when given as provided <br /> ia this parsgraph. <br /> 15. Gqitrnin�Ltw;Se�enbility. This Security Instrument shall be govemod by federal law and the!aw of the <br /> jurisdiction in which the Property is located.In the event that any provision or clause of this Security Instrument or the <br /> Note conflicts with applicible law.such conflict shall not aff'ect other provisions of this Security Instrument or the Note <br /> , which can be given cffect without the canflicting psovisian.To this cr�d the provisians of this Security Instrus�ent and the <br /> Note are declared to be sevenble. <br /> !6. Botwwer's Copy. Borrower shall be givcn one conformed copy of the Note and of this Security lnstrument. <br /> 17. Trsnsfer of the Property or a Heneflcial Interest in Banower. If all or any part of the Property or any <br /> interest in it is sold or transferred(or if a beneficia)interest in$orrower is sold or transferred and Borrower is not a natural <br /> person)without Lender's prior written consent,Lender may,at its�ption,require immodiate paymtnt in full of all sums <br /> socurod by this Security Instrument. However. this option shdl not be exercised by Lender if exercise is prohibited by <br /> federal law u of the date of this Security Instrumrnt. <br /> If I.ender exercises this opiion,l.ender shall give Borrower notice of acceleration.The notice shall provide a period `-� -�--- - <br /> of not less than 30 days from tht date the notice is deliverod or mailed within which Barrower must pay all cums secured by <br /> this Security Instrument.If Bonower fails to pay these sums pnor to the eapiratian of this period,Lender may invoke any <br /> remedies permittod by this Security Instrument without further notice or demand on Borrower. <br /> 1S.Borrower's Rig6t to RetnsUte. If Bonower mats certain condit�ans, Borrower shall have the nght to have � <br /> entorcement of this Security Instrumtnt discontinued at any time prior to the earlibr of:(a)5 days(or such ather penod as <br /> �pplicable law may specify for reinstatement)befote sale of the Praperty pursuant to any power of sale contained in this �1 <br /> L Secunty Instrum=nt;ot(b)entry of a�udgment enforcing this Security lnstrument. Those cond�uons are that Borrower: <br /> (a) pays Lxnder all sum� which then would be due under this Se�urity lnstrument and the Note had no acceierAt�on <br /> ' occurred; (b)eures any default of any other covenants or agreements; (c) pays all eapensts incurred �n enforc�ng th�s M1 <br /> �� Seeunty Instrument. �nclud�ng, but not l�m�ted to, reasonable attorneys' fers; and (d)takes such action as Lender may I�� <br /> �-_,' reasonabiy requ�re tn assure thet the litn of this 5ecunty instrument, Lender's nghts m the Property anci Horrower'� � � <br /> ===�!1� obligatton to pay the stems tecurtd by th�s Secunty Instrument shall continue unchanged l'�+cm rem�tntement by � <br /> �� Borrowtr,thi�5ecurity lnstrument and the r.bhgahons secuted heteby shall remam fully etfectnr n�if n�acceleration haci <br /> !'!' ��ccurreti HUwe�er,this r�ght to reinstate tihall nnt apply m the care�f accelerau��n under par�Rraphs i a�r 1� <br /> {fa <br /> ��+� <br /> ``�`' �l <br /> ���.�� <br /> . �� . <br /> . , :. <br /> ..� �., <br />
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