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89103335
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Last modified
10/20/2011 3:42:46 AM
Creation date
10/20/2005 9:42:01 PM
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DEEDS
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89103335
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�.�a3�. <br />It Lender rsgttlnd a>arilptge intttranoe a a coRWition of tnrtiting the loan secured bajr�this Secwrrty I <br />Dotrow 1►ht�lpav► MiskpnrsNiu. , requirid to maintain the insurance in effect until such tithe as tls rdegMitssMdsn4 Cur the <br />"; t twee ti�la+ itasovidac�.e with. iiorrowsesand Lender' swrittat agreement or applicable low <br />�. It11d� or itw meat tttay snake twoaraile entries` !itpxxa and utspectiotta d tltu I'�ropart. :,nNtder <br /># tittre ex prior toast OF wiar spars Y e *M%W s1WWfor the inspection. , <br />Aim <br />The proceeds of any award or ciaioi 4iiht di>t ew caaetsagnnantisl. is oasruactncts4 Rslk <br />any condematatim of odw taking of any Part of the Property. or fear conveyance in lieu of condemaatim are hereby <br />assigned and slM!! be paid to Isadtsr. <br />In the evaset of a total taking of the Property, the proceeds shell be applied to the am fecund by this Security <br />Instrument. whether or not that due,. with hay excess paid to Borrower in the event of a Parris! taking of the property. <br />stakes awrowa and Lauder othertie stgree in writing, the raps hem A by this Secrtrity Issutrmant *W be reduced by <br />the amount of the proceeds multiplied by the following fraction: (a) the total amount of the swus ssetersd it wsssdiateiy <br />before the takinng„ divided by (b) the fair market vahue of the Property immediately before the taking. -Any balance shall be <br />paid so aorr own . <br />If the Pioputy is abandoned by 6wimet or if, after notice by Lender to Borrower that the oondemnor offers to <br />make an award or settle a cl aim for danngsa. Borrower fails to respond to Lender within 30 days after the due the mice is <br />given. Leader is atedwrized to collar and apply the proceeds. at its option. either to restoration or repair of the Property or <br />to the moms secured by this Security Instr usn at. whether or not then due. <br />uttissa Leader and aortown otherwise agree in writing. any application of proceeds to principal shall not extend or <br />postpone the due dates of the monthly payments referred to in paragrsphs 1 and 2 or change the amount of such payments. <br />It Bwnwr Nat •slsasat Faebsaraaee 1!y Lender Nat a Waiver. Extension of the time for payment or <br />modification of amortization of the stems aecured by this Security Instrument granted by Lender to any successor in <br />interest etf sorrow a shou net operate to l d -- the liability of the original Borrower or Borrower's successors in interest. <br />I.estder shall no be requited to commence pro eikhrip against hay successor in interest or refuse to extend time for <br />payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand mock, <br />by the arigiaal Borrower or Borrowers successors in interest. Any fortmarance by Lender in exercising any right cw remaiy <br />shall not beawaiverofor preodide tine exercise dray right artemedy. <br />11. Satoewsrs and Astigaa Omsk Josh and So and I.laii W, Cooleaers. The covenants and agreaarnts of <br />this Security Instrument *AU bind and beach the successors and aesignsof Lender and Borrower. subject to the provisions <br />of pos elp pig 17. Borrower's covenant: and agreements shall bee joint had several. Any Borrower who cosigns this Security <br />Instrument but does not execute thti Note: (a) is w4igning Rltirs Security Instrument only to mortgage. grant and convey <br />*bZ# �..�rw.�.e. �.;M9. • :w #U- O.rww......./.. �1.�.........f' C�....N.. t.s.. .M .. li l :..w /1.. ob :ptcd *..;wi <br />w.......� � ...pw.� .r..w...w .w r� w ..w.p..j •..... ... �v, r ..... �.w..i..� .r.r..:. �v!'�7 <br />the swan secured by this Security Instrument; and (e) agrees that Lender and any other Borrower may agree to extend; <br />modiflr, forbear or make any accommodukm with regard to the terns of this Security Instrument or the Note without <br />that 3"fo itottai. <br />IJ. Leas Clwp& If the loan encased by this Secu ft l astrtiment is subject to a law which sects nsascitam loan <br />charges, amd that law is finally interpreted so that the interest or other loan charges colketed or to be o*mtvd -inn <br />ooanrtxion with the loan exceed the permitted limits. that: (a) any such loan charge shall be reduced by the:" atuount <br />necessary to redone the cif W to the permitted, Rimit; hood (b) my sum shandy collected from Borrower whid)ea�realed <br />permitted bits will be rdnudtd. to Bonow+er. Lender may choose to make this rdiend by reducing the prucilaal owed <br />under the Now or by makiag.adirrct paymdnt to Borrower. S�'at Wund reduces principal. the reduction will be treated as a <br />partial prepayment witbW.any pr+epaysaant charge under the Note. <br />I& LejaiWaa Afeethg iwadals Wo to If auctmant or expiration of applicable laws has the effect of <br />.rendering any provision oftM Note or this Security Instrument unenforceable according to its terns. Lender, at its option, <br />may require immediate payment in full of all sums secured by this Security Instrument and may invoice any remedies <br />permitted by paragraph 19. If I.atder exercises this option. Leander shall take the steps specified in the second parragraph of <br />paragraph 17. <br />Id. Natieas. Any notice to Borrower provided for its this Security instrument shall he given by deliveens it or by <br />mailug it by first class mail unless applicable law sequins use of another method. The notice shall be directed to the <br />Property Address or any other ade#ens Borrower diarignates by, notice to Lander. Any notice to Lender shall be given by <br />ilia class mail to Lender's address stated herein or ant+ otbesa Wress Leader designates by notice to 8onower. A ty notice <br />provided for in this Security Itnstruaxnt small be diaeeeted to have been peen to Borrower ce lender when given as provided <br />is this paragraph. <br />M Gtrsrstistg Law; Severarilky. This Security Instrument shall be governed by federal law and the law of the <br />jutiedictim in which the Property is located. In the event that any provision or clause of this Security Instrument or the <br />Note emnflicts with law. such catiftt shall not affect other provisions of this Security Instrument or the Note <br />which can be gives effect widest the eonbeml; provision. To this end the provisions of this Security Instrument and the <br />Noteandecland tobesevereW <br />166 aarronrrls Cagy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. <br />17. Transisr d for PesWty er a BmrfieW lakce d V Barrawsr. if all or any part of the Property or any <br />interest in it is sold or trattadarred (or if a beneicial interest in Borrower is sold or transferred and Borrower is not * natural <br />person) without Lender's prior written consent. Lender may. at its option, require immediate payment in fuil. d all sums <br />secured by this Security Instrument. However. this option shall net be exercised by Lender if exercise is Mtobited by <br />federal law as of tbedme of" Security Itutruaftf- <br />IfLender exercises this options, lender sW1 gilt $affowe r notice of acceleration. The notice.shall pm*iiie a period <br />: of scot less than 30days from the date the notice is deliviered ormailed within which Borrower must pay all %umx".sepaure:d by <br />this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, lender may, iri wake any <br />remedies p drnaitted by this Security Instrument without further notice ar d6nand on Borrower. <br />1i. ;wrreww% 10*A to FAInnstate. if Borrower meets certain conditions. Borrower shall have the right to have <br />entoretmew of this Security Instrument discm1inuad at any time prior to the earlier of. (a) S days (or such other period as <br />applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this <br />Security Instrument; or (b) entry of a judgment enforcing this Security instrument. Those conditions are that Borrower: <br />(a) pays Leader all suns whieb then would be due under this Security instrument and the !Vote had no acceleration <br />occurred. (b) cures any default of any other covenants or agretmeots; (c) pays all ezpensts incurred to enforcing this <br />simufay ittttnttitent. including, but not limited to. reasonable attorneys' fees, and (d) takes such action as Lender may <br />resssonably require to assure that the lien of this Security Intururnertt. Lender's rights in the Property and Ik :mower'% <br />obligation to pry they wemt secured by this Security Instrument shall continue unchanged Upon remsiatetnent by <br />(dotrower, this Security Instrument and the obligations secured haeby shati remain fully effective as of no acceleritttan had <br />occurred Mewever. ibis right to reinstate shall not apply to the ear of accelenrtton under paragraphs 13 ar 17 <br />t . <br />i� <br />,j <br />w <br />
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