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90105330
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Last modified
10/20/2011 5:12:16 PM
Creation date
10/20/2005 9:40:38 PM
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DEEDS
Inst Number
90105330
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p/!Q <br />I <br />90.-- 05330 <br />It Lender nqubd -n leans inducers as a condition of maldtg ter tan seared by the Security Instrurnml, Borrower and Pay the <br />Prwnimm required to WA Nsbt the Inwnnw in WW ta11$ such rims as the requkemsnt for the inWM& terminates In accordance with <br />b a aplpkatiM law. <br />spent airy make reasonable wMas upon and Inspections of the Property. Linder shall give Borrower <br />speolf" ressortabla cause for the in-pod lon. <br />of any award or claim for dahnaam I. died or consequential. In connection with any corndwma- <br />Don or other W" of any part of Me Properly. or for oonwyanoe In lau of condenrstlon, we hereby assigned and shelf be paid to <br />Lr*idar. <br />In On werlt of a MW W ft of she Properly. the proceeds shat be applied to the was seamed by this Security ktalAmmil. whether <br />or not than der, with arty aloe" pold to Sommer. In go event of a partial taking of the Property. unless Borrower and Lender otherwise <br />agree in writing. line suns soared by this Searrky Inolnoft lilt shall be reduced by the animus of the proceeds rraAt—, by the following <br />fraaion: (a) the IoW emtount of wme somwed tnemadhuly before an Whig. divided by (b) the err► ataaftet v"m of the Property Immediately <br />hrlbre the taking. Any balertoe shell be paid to Swrcwer. <br />If the AoFwify N abandoned by Borrower, or K agar omens by Lender to Borrower that the ommkm xw offers to milts an award or <br />side a loam W dsrrtapes, Borrow.► her to respond to La tdor within 30 days after the date the notice is given, Under M MAhatted to <br />oohed and appy she prooesds. at its at". either to ►edomOon w repair of the Property ar to tM ions seared by dit Seourgy <br />kab rnenl. whether or not thert der. <br />Unless Lander end Borrower otherwise aligns In writing. any application of proceeds to prhotpal shall not exNnd or postpone lea due <br />date of ter mouthy psyrnants slo scl to in paragraph t and 2 or change the amount of such payments. <br />10. Borrower Not Released; Forebearance By Lander Not a Waiver. Extension of the time for payment or naris- <br />caion of arnorWillon of the sums waxed by this Sowrily Instrument granted by Lender to any successor in Interest of Borrower shall <br />not operate to release the lability of ter original Borrow or Borrower's successors In Interest. lender she$ not be required to commence <br />paosedkps sgafnst any successor In Intweat or refrain to extend time for payment or otherwise modify amor0ration of the some secured <br />by this Security Instrument by resew of any demand made by the original 8orrowsr or Borrower's suoassors In Interest. Any forbearance <br />by Lender In awdehip any right or remedy shall not be a waiver of or predude the exercise of any night or rermdy. <br />11. Suceaasore and Assigns Bound; .taint and &World USM111% Co- 819ners. The covenants and agreements of <br />ihia SM=4 ilsbut'M ehaii birw and bwmsili the sucoessors and sawgns of Lwrdw wind Sorroww. subjei to taxi pFoi,66na Of Pwagr-'Ph <br />17. Borrowers covenants and agnmimis shall be Joint and savotal Any Borrower who co -signs this Security Instrument but does not <br />execute the Note: (a) Is co-signing this Security instrument only to mortgage, grant. and convey that Borrower's interest in the Properly <br />under the leans of this Security Instrument: (b) Is not personally obligated to pay the sums secured by this Security Instrument; and (c) <br />agrees that lender and any other Sonoww may agree to odend, awbfy, forbear or make any auannodeVons with regard to term of <br />this Seatrky loollmnin or On Note wkhout that Borrower's consanA. <br />12. Low Cbwpe& if the ban seared by this Seoudly Instrument is subject to a law which sets maximum ban charges. and <br />that law N Andy Interpreted so that the interest or other ban charges colecfed or to be cosected In connection wvh the loan exceed the <br />permitted knits. then. (a any such ban charges shW be reduced by the wrroaxN necessary to reduce IM charge to the permitted &nit; <br />and (b) any sums already collected from Borrower whbh stcasded p ted Mains will be refunded to Borrower. Lwow may choose to <br />make this -lu A by redudrq the prhrobal owed trader the Note or by making a direct payment to Borrower. N a rsAM reduces pff g#W. <br />the redmilon wi be treated as a partial prepayment wlitwut any prepayment charge under the Note <br />13. Leylalalion Atleoft UmWw's R19W N enactment or ertpirstion of applicable law has the dhd of nnderlrig any <br />provision of teal Now or this Seawky InsYwnerll unenlorcaable according to Its terns, Lander. at No option, may require Immediate payment <br />in fu$ of d etmns asoured by this Sao&** Instrument and may invoke any fwnedWs pen, ed by paragraph -19. N Lender exerclow this <br />option, Low* shelf leis the steps speo9Md in the second pwepraph of paragraph 17 <br />14. NOi1COL Any nice to Borrower provided for in this Securtly Instrument shag be green by deleverng it or by mailing 4 by fist <br />cuss mall unless appli abb tow reotltles use of another method The notice shelf be tfreeted to the Properly Address or sny other address <br />Borrower desigrabs by notice to Lender. Any notice to Lender atoll be given by first class mad to Lender's address stated herein or any <br />other address Lender desig alm by not" to Borrower. Any notice provided for in this Secutsy Instrument shall be deemed to have been <br />given to Borrower or Undw when given as provided N " paragiWh. <br />15. Governing Law; Severaibft. This Seamy inonxnent shot be governed by lederel law and the law of the jurtadicllo n In <br />which the Property is located. In the o"M that any provision or Clouse of this Security Inslrarnent or the Note convicts with appkabW <br />law. such coriSkd shall not affect other pmvWorts of this Security Instnrnent or she Note which can be given ~ without the ton&ctng <br />provision. To uds end the provisions of this Securely Instrument and the Note are declared to be severable <br />18. BOrrOM'a COM. Bwmww shall be given we conformed copy of The Note curd of this Securely Insinor nt. <br />17. Transfer of ter Ptrgwvty or a BenoftW Iniv+waf In Illwower. N as or any p4n of the Phoprly at any interest n <br />N Is sold or hand W (or N • bwwkW Interest in Borrower is axis or transferred wad Borrower is nor 4 mw4sai parwn) wdhout Leadr's <br />prior written consent, Under may, at As trpuon, noggino ineraftle payment In full of ere sums wwwi t:) tints Secunhy Instr~IL <br />However. this option shat not be awaked by lender N exaca* is prohlbftso by faders) taw rn of the date of the Security Instnunenl. <br />N Lender earolase this option. LM4er shad give Borrower notice W scooleralion The nwcA Mid provide a pow of not lose than 30 <br />.L... V. �. Jr. Y. __ '' � -_'__ •� � ___ __ �...... ..0 �. �......w .......r Cw..r.. MrY...wa..f If <br />...r........... �..w •..live. w .....�... v. •,.ter ........ w•w.., .... vv.•v..w ....... �� .,. ..... .. ........� _� ...� ��.... _.__� _ . <br />Borrower ide to pay these stars prior to the s prelaw of this period Lender may invoke any rerretses Stan. lied by UMs writ# Insuu• <br />merit without farther nolloe or rim w rl on Borrower. <br />18. OorrWWWO RV& 10 RSkMtd9. N Bonoww meets certain condbone. Borrower shall have the right to hvve enforcement <br />of this Security kaburnant dsoonlinoW at any tine prix to t11m earner of (a) 5 days (or such other period as appitcobie law nay WON <br />for reinstahmsnt) before sale of the Properly pursuant to any pmww of sale cor*AwAd in the SmeuwV instrument. or (b) entry of a <br />Judgment enforcing 00a Securly Instrument Thaw ou ndfbals alto this Borrower (et pays Lender d tune whKh then would be due under <br />the Security Instrument and the Note had no acceleration oCOWled. (b) curs* any delmll of any other co,,~t or agreemenls (c) Pais <br />d ONWIM Inaxred in enforcing this Snurey Insivnsnl OrJuding. but not WIWed to reasurlable attorneys hex and id) tikes such act,un <br />as lerldw limey reasornaMy regtairs b assure that ter fan of the Sa�wity InskunlerN Lendw s rights in the Prtgwly mid Bwruww s ubbg <br />axon to poly starts sawed by ter SectAry Insburn rd *had continue unchanged upon ranstitw+snt by Borrower. this Secunty tnorumertl <br />and the ebIpMm Bowled hereby ehd remain w$y aNecYYe u If no accahntron had occurvalr H M#vOr 1h,f nght to reanstate VAN <br />not apply In the pees of acceleration under paragraph 13 or 17 <br />.",.v „'a;, <br />ill <br />�t <br />�r <br />ti <br />i" <br />•'r <br />J <br />
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