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90100296
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Last modified
3/7/2012 4:36:38 PM
Creation date
10/20/2005 8:27:27 PM
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DEEDS
Inst Number
90100296
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� _ _ <br /> =�+� <br /> _ � � <br /> - � _. <br /> 90�, 0029� <br /> � If Lender required mortgAge insurance u e condition of making the loan secured by this Security lnstrument. <br /> Bosrower shAll pay the premiums required to maintain the iniuranoe in effect until such time as the requirement for the <br /> insurance terminata in accordance with Horrower's and Lender's written sgrcement or applic:ble law. <br /> -- 8. Inspecdon. Lendar or it�seent may make rasontble entries upon an�inspections of the Propeny. iencier <br /> ahall give 8orrower noNce at the dme of or prior to an inspoction specifying rasanable cauae for the inspection. <br /> 9. Condea�atio�. The proceeds of any awud or claim for damsges,direct or conseyuenti�l.in conncetion with <br /> �ny condemnstion or other ukinR of snY put of the Property, or for cdnveyance in lieu of condemnation� ue hereby <br /> assi=ned and sball be paid to Lender. <br /> In the event of�total aking of the Property, the proceeda shall be applied to the sums secured by this Security <br /> Instrument,Mhether or not then due,with u�y eacas paid to Borrower. In the event of a panial t�king of the Property, <br /> unlas Borrower and Lender otherNise ajrec in wrltir�g.the sums secured by this Secwity Iastrummt shall be reduad by <br /> the unount of the praceeds multipHed by the follo�viaa frudon: (a)the total unount of the aums secured immedlately <br /> befon the taking.dividod by(b)the f�ir market value of the Property immediately before the taking.Any balance�ball be <br /> paid to HorroMer. <br /> If the Property is abandoned by Borrower,or if.after notice by Lender to Borrowu that the condemnor o6ers to <br /> make�aMard or settle a claim for damages,Borrower fails to respond to Lender within 30 days after the datc the noNce is <br /> jiven.Lender is suthorizal to collect and apply the proceed�,at its option,either to restoration or repair of the Property or <br /> ta the sutas aecured by this Secwity Imtrument,whether ar not then due. <br /> Unless Lender and Borrower otherwiae sga in writing�any applicacion of proceeds ta principsl shall not extend or <br /> postpone the due date of the monthly paymeats referred to in paragraphs 1 and 2 or change the amount of such payments. <br /> 10. Hon�ower Not Relea�ed; Forbeuance By Lender Not s Wd�e�. Eatension of the time for psyment or <br /> modiflcation of amortization of the sums secured by this Security lnatrument granted by Lender to any successor in <br /> interat of Borrower shall not operate to relase the liabllity of the original Bonower or Borrower's successors in interest. <br /> Leader shall not be required to commence procadings against nny successor in interest ot refuse to extend time for <br /> psyment or other�vise modify unortiution of the aums secwed by this Security Instrumtnt by reason of any demand madr <br /> by the ori�it►�1 Horrower or Bortower's succeasors in interest.Ary forbearance by Lender in exercising any right or remedy <br /> aha11 not be a waiver of or preclude the exercise of any ri�ht or remedy. <br /> li. Saeca�ois aad A�i�Ho��d;Joint�ad Se�eral LiabWty;Casi�neri. The covensnt9 and agsaments of <br /> tlus Security Inatrument:hall bind and beneflt the succa�on and assigns of Lender and Horrower,aubject to the provisions ' <br /> of puagraph 17.SorroMer's covenanu and a�reements s}Wl be joint and several.Any$orrower who co-signs this Security <br /> • Instwnent Dut doa not ea�xute the Nok: (i)is co�ignin�this Security Instrument only to mortgage,graiit and convey , <br /> thst Horrower's interat in the Property under the terms of thia Security Inatrument;(b)is not personally obligated to pay <br /> �1.�.�.�:'�"e�"^..L'!."'�. �!�:�li,a�C,.�«,•'.!l�.w in»»^'.w.�li;!1`wi�^•3�"*..""�..t�*i.M��.*„^.ei*..^�4ttl�!AnrrQ�r�r��*e�,e+�tL�i�rtw��1 �---:° <br /> r ' <br /> modify,forbar or make�y accommoduions with regud to the urms of this Sxnrity Instnunent or the Note without . <br /> thst Borrower's coasent. � <br /> 12. Lo�n G7�arQes. If the loan secured by this Security Instrument is subjeCt to a law which sets maximum loan <br /> charges, and that lawr is 9nally interpnted so that the interest or other loan chugd collxted or to be collected in ''� <br /> connection w►ith the loan exceed the permitted limits.then: (a) any such loan chuge shsll be reduced by the amouat � � <br /> neassary to reduce the cbuge to the pennitted limit;and(b)�ny sums alrady coUected from Borrower which exce�ded �=-=r <br /> perniitted 1'uaits aill be nfunded to Borro�ver. Lender msy choose to make this refund by reducing the pdncipal owed ': _ <br /> • under the Note or by making a direct psyment to Borrower.If a retLnd reduces principal,the roduction will be trated as a � <br /> � psrt�al prepaymrnt aithout any prepayment chuge under the Nots. <br /> !3. I,e�istloe AReetin� I.eader's R!=6b. If enactment or ezpiration of applicable laas has the eifxt of <br /> rendering any provision of the Note or this Security Instrument unmt'orceable ucording to its terms�Lender,at its option. r <br /> miy require immediate payment in full of sll sums secure� by this Security instrument and msy invoke any remedia '� <br /> permitted by puagraph l9.If Lender exercises this option.Lender shall talce the steps specified in the second parsgraph of ' ; <br /> P�BnPh U. �. <br /> 14. Notica. Any notice to Bonower provided for iu this Secwity Instrument shall be given by delivering it or by :� : <br /> mailing it by first claas mail unless applicable lsw requires use of enother method. The notice shall be directed to the <br /> Property Address or any other address Bonower designata by notice to Lendes.Any notice to Lender shall be given by �� x <br /> 5nt elsss mail to Lender's addras stated herein or any other addreu Lender designates by notice to Bonower.Any notice � <br /> provided'for in this Secwit�Iastrumeat shall be damed to have ban given to Borrower or Lender when given as provided <br /> in this puagraph. <br /> 1S. G�ernie�Lw;Se�uability. This Security Instrament sha116e governed by federal law and the!sw of the <br /> jurisdiMion in Which the Property is locatod.In the event that any provision or clause of this Secur�ty Instrument or the <br /> Note contlicts with applicable tsa,such conflict shall not affect other provisions of this Security Instrnment or the Note <br /> which can be given effect anthout the con!licting provision.To this end the provisions of this Security Instrument snd the <br /> Note are declued to be sevenble. <br /> 16. Horrower's Copy. Borrower shtll be given one conforrr:ed copy of the Note and of this Security Instrument. <br /> 17. Traa�fer ot the Property or a BeneflaW Interest in Borrower. If af1 or any part of the Property or any <br /> interat in it is sold or transferred(or if a beneficial interest in Borrower is sold or eransfened and Borrower is not a natural <br /> � person)�rithout Lender's prior written conaent,Lender may,at its option,require immediate payment in full of all sums <br /> secured by this Security Instrument. However,this option shall not be exercised by Lender if exercise is prohibited by <br /> federal law as of tha date of this Secnrity Instrument. <br /> If Lender ezercises this option,Lender shall give Borrower notice of accelerAtion.?he notice shsll provide a period =-_ _-_ <br /> of not less then 30 days from the date the notice is delivered or mailed within which Bonoaer mnst pay all sums secured by • <br /> this Security lnstrument.If Borrower fails to pay these sums prior to the expiration of this period.Lender may invoke any <br /> remedies peimitted by this Security Instrument without further notice or demand on Borrower. <br /> ls.Borrower's Iti�6t to Reinstate. If Borrower meets certain conditions, Borrower shall havc the right to have � <br /> - enforecment of this Seturity lnstrument discontinued at any time prior to the earlitr�f:(a)5 days(or such other period as <br /> spplicable law may specify for reinstatemtnt)before sale of the Ptoperty pursuant to 8ny power of sale contained in this N� <br /> � Security lnstrument;or(b)entry of a judgment enforcing this Security Instrument. Those conditions are chet $orrower: � <br /> (a) psys Lender all sums whi�h then would be due under this Security lnstrument and the Note had no acceleration <br /> occurred; (b)cures any defauit of any other covenants or agreements; (c) pays a11 expenses incurred in enforcing this ` v <br /> ___ Security Instrument, including, but not limited to, reasonable attorneys'fees;and (d) takes such action as Lender may �l <br /> ===�° reawmbly require to assure that the ticn af this Secutity instrument, Lendrr s nghts in tt�r Property and Iiorrower's ��,� <br />�_�--- obligation to pay the sums secured by this Secunty Instrument shall conUnue unchanged Upon remstatement by - <br /> -==;t�r 8orrower,th�s Security Instrument and the obl�gat�ons secured hereby shall remain fully effecnve as if no accelerat�on had • <br /> ��*�� occurred. Nowever.this ngh!to re�nstatc shall nut epply�n the case of aecelerauon under paragra�hs I z nr l 7 <br />��:-�`. <br /> �ti��� <br /> I��1� / _� <br /> �,�� <br />.�l� , <br /> °�,��-.4 <br /> � <br /> +. <br />. l,^�b' , <br /> �! <br />
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