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201607625
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Last modified
7/28/2017 10:00:21 AM
Creation date
11/15/2016 8:57:54 AM
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DEEDS
Inst Number
201607625
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2� 1 ��7�25 <br /> If Lender exercises this opti�n,Lender sha11 give Borrower natice of acceleration.The notice shall pra�ide <br /> a period af not less than 3�days from the date the notice is gi�en in accardance�vith Seetion 15 within <br /> wh�ch Borrower must pay all sums secured by th�s Security Instrument. If Borrower fa�ls to pay these <br /> sums pri�r to the expiration af this per��d,Lender may in�oke any remedies permitted by this Security <br /> Instrument withaut furth�r natice or demand on B�rrower. <br /> 'I 9. B�rrower's R�ght t� Reinstate After Acc��erati�n. If Borro�ver meets certain conditions, <br /> Borrawer shall have the right to ha�e enfor�ement of this Secur�ty Instrument discontinued at any time <br /> prior to the ear�iest of: (a}fi��days befare sale of the Property pursuant to any pawer af sale contained <br /> in this Security Instrument; �b}such ather period as Applicable Law might specify f�r the terminatian <br /> of Barr�wer's r�ght ta reinstate;or(c}entry of a judgment enforcing this Security Instrument. Those <br /> conditions are that Borrawer: �a}pays Lender a11 sums vvhich then would be due under this Security <br /> Instrument and the Note as if na accelerat�on had occurred;�b}cures any default of any other co�enants <br /> or agreements;(c}pays all expenses incurred in enforc�ng this Secur�ty Instrument, 1ri��L1C�lY]�,but n�t <br /> limited to,reasanable attarneys'fees,property inspection and�aluation fees,and other fees incurred for <br /> the purpose of protecting Lender's interest in the Property and rights under this Security Instrument;and <br /> (d}ta.k�s such act�an as Lender may reasonably require to assure that Lender's interest in the Praperty <br /> and rights under this Security Instrument,and Borrower's abligation to pay the sums secured by this <br /> Security Instrumen�,shal�cantinue un�hanged.Lender may requ�re that Borrower pay such reinstatement <br /> sums and e�penses in one ar mare of the follawing farms,as select�d by Lender: �a�cash; (b}money <br /> �rder; (c}�er�ified check,bank check,treasurer's check ar cashier's check,pra�ided any such check is <br /> drawn upon an instituti�n whvse deposits are insured by a federal agency, instrumentality�r entity; or <br /> (d}Electronic Funds Tra,nsfer.Upan reinstatement by Borrower,this Security Instrument and abligations <br /> secured hereby shall remain fu��y�fF�cti�e as if na acceieration had occurred.However,this r�ght to <br /> reinstate sha�l n�t apply in th�case�f acceleration under Section 1 S. <br /> ��. Sa[e af Note; Chang�of L�an S�rvicer; Notice of�rie�ance.The Note or a partial interest <br /> in the Note(tagether with this Security Instrument} can be sold one or more times withaut priar notice <br /> to Barr�wer. A sale might result in a change in the entity(known as the "Loan Servicer"}that collects <br /> Periodic Payments due under the Note and this Secur�ty Instrument and perf�rms other mortgage loan <br /> serv�cing obligations un�ier the Note,this Security Instrument,and Applicable Law.There also might be <br /> one or more changes of the Loan Ser�icer unr��at�d to a sale of the Note.If there is a change of the Loan <br /> Ser�icer, Borrower vvill b�gi�en written noti�e of the change which w�Il state the name and address of <br /> the new Loan 5er�icer,the address to which payments shauld be made and any other information RESPA <br /> requires in connect��n with a notice of transfer of ser�icing.If the Note is sold and thereafter the Loan <br /> is ser�iced�y a Loan Ser�icer other than the pur�haser�f the Note,the mor�gage loan servicing obligations <br /> to Barr�wer wil�rema�n with the Loan Ser�icer or be transferred to a successor Loan Servicer and are <br /> not assumed by the Not�pur�haser unless otherwise pro�ided by the Note purchaser. <br /> Neither Borrovver nor Lender may commence,join,or be jvined to any judicial actian(as either an <br /> indi�idual litigant or the member of a c�ass)that arises from the other party's actions pursuant to this <br /> Secur�ty Instrument�r that alleges that the�ther party has breached any pravision of, or any duty awed <br /> by reason of,this Security Instrument,until such Borrawer or Lender has notified the ather party(with <br /> such notic�given in comp�iarace with the reyuirements af Sect�on 15}vf such alleged breach and afforded <br /> the other party hereto a reasonable periad after the gi�ing of such notice to take corrective action. If <br /> .. � � <br /> �13882?543 <br /> 11115 <br /> VMPg <br /> Wblters Kluwer Financial Servir,es 2�1fi10311fi.1.D.353?-J201fi02�9Y initials: Page 13 vf 17 <br /> 1 9 3* <br />
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