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201608250
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Last modified
7/28/2017 1:02:52 PM
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12/9/2016 10:20:14 AM
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DEEDS
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201608250
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2� 1 ��825� <br /> Credit A�reernent w�ich can be ��r�er� effec�v►rit�qut the �nnflictir�g pra�is�on, ar�d �a this �nd the <br /> pro�i�ior�s of this �ecurity Instru�nent an� the Cred�t Agr�e�nent ar� declar�d to be severabf�. �1� <br /> �tsed h�r��n, r�C�]�t���� '�exp��s�s" at�d "attorn�ys' f�e�" �nciud� ��� �ums to th� extent nvt <br /> prahibited by appli�abl� law or limited he�r�ir�. <br /> �4. Pr��r Mortga�� s�r ���d �f Tr�u�t; M�����ati�n; Fu�ur� A�d►v�n�e. �vrrow�r �h�l! not enter <br /> intv any agr�ern�nt �v�th �he ho�d�� �f any mort��ge, d�ed af trust Qr vth�er se�ur�t� agreemer�t <br /> wh�ch has r�orit oWer th�s ��cur�� � � r� n <br /> p y y n t �rr� t by wh�ch �hat securrty agreerne�� i� mod�f�e�l, <br /> amended, ex��nd�d, or rer��vved, w��th�ut the pr��r wr�tten canser�t �f the L�nder. �arr�r►�er �hail <br /> n�i���r reques� nor ac��pt any futu�r� �d�ar�ce und�r a prio� n�a�t�age, deed �f tru�t, �r c��her <br /> �e�u���y agr��rfl�nt without the priar wr�tt�r� c�nsent�f L�nde�. <br /> "��. Bvrrv��r r� �� . �orraw�r sha I I e fur ' h • . <br /> p� b rtNs ed a �vpy c�f the Cred�t A�re�m�nt a�d vf t��s <br /> 5�cur�ty �nstrur�er�t at�h���me of c�ec��ion �r af��r ���vrdati�n here�f. <br /> ��. 1Reh���Nit����n Lvar� Agre��e��, �3o�rovuer �hal� f��fil� all of �orrouver'� �b��ga�ic�n� ur�der <br /> any h�.me reha�ilEta�ian, in�pr�rrerment, repai�, vr oth�r ivan a reem�r�t wh�ch ��rrc�v►►�r rna �n�er� <br /> �n�o rnrith �,e�c���. L�nder, at L.�nder'� a ��vn ma re u�r� �c��rrow�r to ex�cu�e �nd ���v�r tn <br /> Le�der �n a farm a�c�� ta��e t� Lender �n �s�i nme�� �f �n rr h " <br /> , p, , g � g t�, ��a�ms or �efer�$�� whi�h <br /> Bc�rrov►►er �n�y ha�e aga�nst p��rties w�o supp[y labor, m�ter�als Qr s�r�ice� �n �onnectior� wi�h <br /> ir�npro�emen�� m�de t�th� Prop�rty. <br /> 1�. �lilai�er �f hl�m��t��� Ex�mptr�r�. Ta the exte�nt p�rm�tted by lav►r, �3a�rraw�r her��y <br /> r�vaives th� k�er��fit of the ho�estead ex�mptivr� �s �a all �ums secur�d �y �his �e��ar�ty <br /> �r�str�mer�t, <br /> �1�� 'Ul�����r c�f�t�t�t�� �f Li�i�at��n� To the �xtent permit�ed �� law, �orro►rv�r her�by wai►��s <br /> �ta�ut�� of lirr�ita�ion a� � defense t� a�y t��r��nd ❑r obl�gativ�n se�ur�� �y tl��s �ecur�ty <br /> i��trt�ment. <br /> '�9. M�rg�r. �'h�r� �hal� b� na m�rg�r w af th� int�res� or �s��te created by this �ecur�ty <br /> Ins�rumer�t w�th �n� oth�r int�res� �ar esta�e �n th� Prop�rty at a�n� �'rr�e I�e�d �y �r far �h� b�n�fi�t <br /> ❑f Lend�r in�ar�y ca�a a��t , without �he rr�ritten cvnsent of L�r�d��� <br /> ��. N�ti�� �f Tra�����r af th� �r�a �rt • �drr�r�c� f r�" <br /> p �, � � a t� ra��f�r. �o�rvv►►er shall gf�� nQt�ce to <br /> Len�er, as prvr�ided �n �ar� raph 'I� hereaf, �rfc�r t� ar�� sale ar tr�r�s�'�r o�' alf or par� of the <br /> Prc� e�r� or an ri �t� �n �Che�ro erty. P�r� er�vn t� �rha�rr� all r art af h P <br /> p y', g p y p , a p t e r�per�y ar �ny r� h� <br /> ir� th �rc� erty �s �ald or �ran�f�rred � <br /> � a so �f�all be o��� at�d ta ��e r�c�t�c� to L�nder a�s ra���ed <br /> i� ar� ra�h `f� hereof ro� �l �fter s��h tran��er. � g r p <br /> . <br /> �ve� if �orr�v�r r ransfer�� e Pr r B " <br /> � � t� t�p� ty, vr�o�v�r w��� c�ant�nue tta b� v�lr�ated�ur�dl�r the <br /> �redi�.A�reement ar�d thi� S�c�rity �r�s���ment unle�s Lend�r r�l�a��� �arrower �r� r�vr�ting. �� � <br /> cond�tian ta Le��er'� canse�t tv a�y pro�o�ec� ��a�sf�r �r �s a conditi�n �o t�e re�ea�� o� <br /> �orrvv►►er, Le�der �rtay re��ir� that the persvn to whar�n the Proper�ty i� tran�ferred sig� an <br /> assumpt�vn agt�eern�n� sa��sfa�tary ta Lend�r ��d Ler�d�r �ay ir�n��se an a�sumptio� fee. `Th� <br /> as�umpt�vn ag�e�m�nt will r�ot er�t�t�e the person si�gning it ta r���nre ad��n��s �nder the Credi� <br /> �A,gr�er�+�r�t. <br /> ��� Tra��f�� �f �h� Pra �rty. Suhj��t to ap�fica��� ��w, L�nder sha�l ��►�e �he rigi�t to <br /> acc�let��te �I��t is to d�m�n�imm�d��te a nn�n �n f li of �II ��a� <br /> p.y � [� s �ec�red by th�s Mor�gag� vr <br /> C]eed of `��rus'�, if B�rro►r��r, wit�out �he ►►vr�tt�n ct�r�sent �f L�nder, �e�ls ar trans��r� ai1 �r p�rt �f <br /> t�� Pr�perty or anyRright� i�th� Pr�pert�. <br /> If L�nd�r �x�rc�ses th� a tian to accelerat�, L�n�e� �hali girre gorrower no�i�e of �ccef�rativr� <br /> in acGard�nce with ara ra � '1� her��f. Th not��� s� �I r � <br /> p g p � a p ��d� a per�od v� nv� ie�� th�� ��7 <br /> day� from �h� date of t�e not�c� wi�h�r� w��ch �orrow�r r��y �y t�e sum� d��l�red due� �f <br /> B��r�uver f�il� ta a th�se �ur�� ri�r to the �x irat�an �f suc� eri�d Lend�r r�� with <br /> fur�h�r no i vr p �n r � p � � p r �� o�at <br /> t c� dema d or� Bor c�►��r, ��rrvk� an�remed�es ��r�°n�tt�c! by �ar�qraph �� ��rev�. <br /> �2. ��f�u�1�; l�erm�n�ti�n ar�c� �i►�c���r�ti�a�r• 1�em�di�s. ��G� vf t�� fc�l��v��n ��r�nt� �h��l <br /> r . <br /> +c�n�t��ute a�n ev��nt �f �efau�t �"�rr��t �af ��fau�trr� t�r�der tlhi� ���urit� �n�trur���t:� �'I� ��r��r�ver <br /> cc��mrn�ts fr��a�t �r makes a mat�r�a� �m��r�pr���ntat�vrr ��n ���r���ti�n r�vit� th�s ���u�r�t �n�tr�m��t <br /> �r the �r�dpt A r�e��rnt� � �orr�w�r dves r��t r��et th� r� a rr��r�t t�rm� c�� � i <br /> � � � � y t � �r�d� <br /> � r��nr�e�t• vr � I��rrvwer'� �����n �r �r���t��r� a�►�e ��1 �ff�c ' <br /> g , � � �r y ts t�� �.�nd�r� r��h�� �r� the <br /> Pr�p�rt� ���ur�d �y t��� ����ur�ty� In�trun��n�. lf �n �v�nt vf def��udt �ccur�. th�n r��ar t� <br /> �xerc�s�n ��t ri h� �r r�m�� rvr►�el�d f�r �n tlh�� ��c�r�� �n�tr�mi�nt a��c! r��r t� a����er�t�or� <br /> L�nd�r�ha�� �irr�*��t����� r��id�d �n �ra r� � �� h� r �� " p � <br /> 9 P P � � � �nd a� �e�u�r�t� t�y ap�p�����ae ���v. Th� <br /> n�nti�.� �h��l spe�ify: ��� the er���nt �f c�ef�u�t� �a� th� ��t�on �r�quired tc� �ure th� e�rent� �f �def�u�t; <br /> �cj � d�t� r��t ���� th��r� twenty d�y� �ar �n� tvng�r p�r��d r�qu�r�� �y �ppl�ca�a�� la►�) fr�art��th� <br /> ��t� th� r�a�ic� is ��r��r� t� B�rr���r Iby �nr�e�h th�� �v��nt arf�I�f�u�t mu�t t�e r�ur�c�r �c�y tha�t f����r� <br /> t� c�r�s th��e�rent�f d�f�ult�r� c�r ��f�re th� ��t� �p������d �r� the n�ta��m��y r�sult i� �c��l�r�t��� <br /> �f the ���nn� s�cur�d by th�� 5���rit� In�trun°��nt ��d s��e o� th�� IProp�rty; �r�d ��� �n� �th�r � <br /> anfr�rnnati�n requir�d i�y �pp�6��b�� I��nr. T'he n�ti�e �ha�l fu�h�r ir�f�rrr� �vrrarnre� af �he r��h�t t� <br /> r�ins�;��� a�fter �c����r�tr�n, �f �p ��cal���, �r�d th�e rig�t t� brNn�� � c�ur� ��tion to �s��rt th� <br /> m�nex�st��r�e of �n �v�nt �f d�fau�t arr �n � her d�f�n�� af Bc�rr w► r ' <br /> y � � e t� a�c���r�t�c�n �r�� sal�. �f <br /> the �r��r�t vf d�fault�� n�t�ure� �� �r �a�f�r�the c�at� �pe�ifi�a� in �he r�ot���, L�r�d�r� at Lend�r'� <br /> EN��98-e <br />
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