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89105114
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89105114
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Last modified
10/20/2011 12:06:34 PM
Creation date
10/20/2005 10:02:44 PM
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DEEDS
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89105114
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1 <br />89- 105114 8 x.04202 <br />� <br />if Ladetr r*giair cf-- -' tiMSW inwrasce as ar condition of making the Ian secured by S=k* f I,atrtinaeat. <br />r .1110"tumis the insurance in efect until such time as the rotA+ihstent for the <br />- Socmwar shall pay Alan required to maiataua <br />_ <br />in iirastce tertllipaterS i11:1 with Rattoartr's tuatl Leed+er'3 written agrem eat or appbcabie fart.; . <br />L Impsct w.- ttvo s or its Wet may make rmom*k entries upon and iaspsatioaia of the li tores'ty. header <br />fl. diailsttatwlwt, Tie praosrdt sufatay wom a claim for damages, disect or ooaeQuasltiit, Rsecostaacttatt with <br />.� - - - - -- <br />any condeRtnatiatt. or 1wher taftittg. of easy part of the Property. or for conveysece is Nett of co dlema im are bait <br />aatrgasil and *ail bepttid'-t#r.Ltaider. <br />In the mw as fbW taking of ttlie Property, the pracoeds shall be applied to the saws seu:atdd by this Security <br />Instrmma. whedw rrr'wx tbee doe, whit asy excess pad to Borrower. In the event of a.•ptirtM uAiag of the Property. <br />unles Rorriyaar mad L'Rpder otherwise spree is waiting. the sums secured by this Security Imttt mentJoll be reduced by <br />the amount of th e p 1 r o-ds muhipW by the following fraction- (a) the total swami of the sosas.swured immediatdy <br />berm the taking. divided by (b) the fair market wlm of the Property unmedia dy before the takis+gr-?Wy ball shall be <br />Paid to Sort mer.. <br />If thee Pnrpectu. is abandoned by Borrower. or if, after notice by Lender to Btr.•to —wa that the condemnor offers to <br />make an swan! or nettle a ciatin for damages, Borrower fails to respond to Lei+de.1 tithi n.3l) %jays after the date the notice is <br />given. Lender is authatincid to collect and appty the proceeds, at its ol>t , ail c'.io cestbratiran or regair of the Property or <br />to the wins swun d 6j. ii)isSecurity Instrumot. whether or rat then due: . <br />Unless Leader and Borrower ott4mm agree in writing, any aWiation of proceeds to principal shall not extend or <br />pompone the due date of the monthly payments referred to in,puW&* I and 2 or chs4p the amount of such payments. <br />IQ. Bor+nnw Nat Rekwe$ Fasiawome By Gasidsr: Nat a waiver. Extension of the time for payment or <br />modification of ataorttiWicin of the suns secured .by bran Security instrument granted by Lender to any successor in <br />interest of Sommer shall not operate to release the lialxhty of the original Borrower or Borrower's accessors in interest. <br />Leader shall not be required to commence proceedings against any successor in interest or refuse to extend time for <br />payment or otherwise modify smortiration of the sums secured by this Security instrument by reason of any demand made <br />by the original Sorrower oc Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy <br />shall not be* rviaiirer o>7 or peectitde the ewe* of aby right or remedy. <br />ill. Satetasaats area Aaaysr hila�su>k ieihiat'asii Several Liailllty; C iyiplra. The covenants and agreements of <br />this Security Iasim merit shall bind ar4 bemfet .chore siw essm and assigns of L=der and Borrower. subject to the provisions <br />' -< <br />of pmgmph 114 &grower's cavassrrit nail .Weemeritt shall be joint and several. Any Baefrower who co- sighs this Security <br />instrumen t beat dues not execute that attune dui). is co- signiti$ this Security Instrument �oo►l to mortgage, pant and covye:y. . <br />that Borrower's interest%n:tlit'Property andtr the rums of this Security Instrument; (b) is not personally obligated to'pay <br />the sums secured by this SOurity Instrument; and fc) agrees that Lender and any other Borrower may agree to extend. <br />' <br />modify. forbear or make Any accommodations with regard to the terms of this Security Instrument or the Note without <br />that Borrowers consent. <br />alt Loan CUgp& If the loan secured by this Secunty Instrument is subject to a law which sets maximum loan <br />charges. and that law is finally interpreted so that the interest or other loan charges collected or to be collected in <br />' conaet;tion with the ban exceed the permitted limits. then: (a) any such loan charge shill be reduced by the amount <br />necessary to reduce the charge to the permitted limit; and (b) spy sums alcrsdy collected from Borrower which exceeded <br />permitted limits will be refunded to Borrower. lender may chmse to make this refund by reducing the principal owed <br />under the Note or by making a direct payment to Borrower. If a rafaind reduces principal, the reduction will be treated as a <br />partial prepayment without any prepayment charge under the Neer. <br />13. Iegfatlatioa Aftting Leaier's Rft%�a. If enactment or ei �coition of applicable laws has the effect of <br />rendering any provision of the Note or this Security Instrument unenforceable.according to ifs terms* Lender. at its option. <br />may require immediate payment in full of all sums secured by this Seciifay Instrument and may, Javoke any remedies <br />permitted by paragraph 19. If Lender exercises this option. Lender shall take the steps specified in tke second paragraph of <br />paragraph 17- - <br />14. Notices. Any notice to Borrower provided for in this Security lnstrumett shall be givc*.`by delivering it or by <br />mailing it by first class mail unless apphcableclaiw, re;uires use of anotherimethod. The notice 0*0 be directed to the <br />- <br />Property Address or any other address Borrower desipates by notice to Lender. Any notice to Lender shall be given by <br />An ass t elm mail to Lender's address stated herein or any other address Lander designates lsy atotice to Borrower. Any notice <br />provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided <br />in this paragraph. „ <br />it Grerniag Lor. Severablifty. 'ibis Security Instrument shall tr governed by federal law and the law of the <br />jurisdiction in which the Property is hosted. In the event that pity provisrnte ar clause of this Security Instrument or the <br />Note conflicts with applicable law, such conflict shall not afferat'other proifisions of this Security Instrument or the Note <br />which can be given effect without the conflicting provision. TO' t�ii rnd the provisions of this Security Instrument and the <br />Note are declared to be severable. <br />16. Borrower's Copy. Borrower shaK be given one canformed cnpy of the Note and of thisSerurity Instrument. <br />17. Tnmmkr. of tie Property or a Beiaefie Uf lmttmt in Bear *oer. If ail or any part of the Property or any <br />interest in it a sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not r natural <br />person) without tender's prior written consent. Lender may. at its option., require immediate payment in full of ati sums <br />secured by this Security Instrument. However. t1tr3 option shall not be a xetcised by Lender if exercise is prohibited by <br />federal law as of the date of this Security Instrument. <br />If Lender exercises this option. Lender shall give Borrower notice cifAcceleration. The notice shall provide a period <br />of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by <br />this Security Instrument if Borrower fails to pay these sums prior to the expiration of this period. Lender may invoke any <br />remediespertnitted by this Security Instrument without funkier notice or demand on Borrower. <br />It, iGoaArrYStlli°ss iii,;ai rio �rili ice'. If €i Ji fO*E iur?i5 �Si2iiTr 6ir"x�itiflti3. 'norirawcr Aall -bavc the righ., to have <br />enforcement of this Security Instrument discont-inued at any time prior to tie earlier of: (a) i days fait 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 & judgment enforcing this Security Instrumens Those cenditicans are that Harrower. <br />(a) pays Lender a;l sums which then would be due under this Security Instrument and the Note had no acceicration <br />occurred, (b) cures any default of any other cotenants or agreements, (c) pays all expenses incurred in enforcing this <br />Security instrument, including, but not limited to. reasonable attorneys fees. and (d) takes such action as Gander may <br />reasonably require to assure that the lien of this SeeLunty Instrument. Lender's rights in the Property and.Fkrrowtr's <br />' obliptom to pay the sums tenured by this Security Instrument snail continue unchariged l'pon reirstattt*etit by <br />Borrower. this Security Instrurnert and the abligstions secured hereby shall remain fully effective as ifno acceleration had <br />occurred Ifowe:er. this right to rmnctateshall not apply in the case atacceletation under raragrapht 13 our 17 <br />
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