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89105548
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Last modified
10/20/2011 2:47:24 PM
Creation date
10/20/2005 10:08:34 PM
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DEEDS
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89105548
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F11 <br />rn <br />.W:� <br />f. <br />a <br />89--t .105548 <br />If Lender rtiquired mortpge insurance as a condition of making On Ian secured by this Security. 1111111711111M, <br />Borrower " pay the premium required to maintain the insunum in effilCt until such tims as the 111113ifcmut for the <br />irmsurance terrnirnata in accordance with BorrowePs and Larder's writtam ap+eenmeat or applicable law. <br />L lovadvis. Licaft of its agent MY nuke coin upon and in"Pections or the Property. LOW" <br />—wovem tbeiinwator prior to an Onowdon specilvingtemanable cum for the inspoctim <br />9. CAshinesdes. The proceeds of any award or claim forAaaoip <br />my condemination or othieruking or any pan of the Property, or for conveyance in lieu of roe A mudoe, are hwft <br />wa*nsil-sed *Mbepaidltolwmfer. <br />In the event of a total taking of the Property. the proceeds shall be applied to the sums sacwtid by " Security <br />iaatrrnraat, whether or not tbim due, with any ezom paid to Borrower. In the event Of a partial taking Of Ow Property- <br />111116111111 swimm ad Leader otherwise agree in oiritia& the therms seemed by this Security InstrimmatsWbe redwed by <br />the ammu of the proceeds muldpW by the following fraction: (a) the total amount of the am serum imaa. __V <br />before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balanci WWI be <br />;tfthe Property is abandoned by Borrower. or if, after notice by Leader to Borrower that the condemnor offers to <br />mki-..-W"xww-4or settle seWm for damages. Borrower fails to respond to Lender within 30 days alkier the date the notice is. <br />Oven. "wilier . authorized to collect and apply the proceeds, at its option. either to restoration or repair of the Property or <br />to the rmssecured by this Security Instrument, whether or not then due. <br />iJnkaa Leader and Borrower otherwise agree in writin& any applitafm of proceeds to principal doll no extend or <br />Po"M the doe date of the morithly payments refereed to in peragraphst and 2 or change the amount of such payments. <br />IM 11kiewe No Re mn* Forbearmee By I Not a Walver. Extension of the time for payment or .. , <br />moeifictiaoa of amortization of the sums secured by this Security Instrument granted by Leader to any successor in <br />intgrim,atpbrrower don not operate to release the h"ty ofthe original Borrower or Borrower's successors in interest. <br />Lenders I OWI not be required to commence proceedings against any successor in interest or refuse to extend time for <br />psyneWlarotberwise modifysmortization ofthestams secured by this Security Instrumentby reason ofanydemand made <br />by the original Borrower or Bormwees successor in interest. Any forbearance by Lender in exeraWag any right or remedy <br />shall rte. bets waiver of or preclude the exec else of any right or tgmwy. <br />The covehanti.and saw itimentsof <br />this Serimw:yInUumeat shag b1W and le At the succetsorsind aissosdf JAndersadillorrower, subject tot*Omvisioas <br />-ofpsr*VWh'17. Boomyces covinikitts and agreements shall be joist od several. Any Borrower who c"Sns this Security <br />Inummedt but does- na-ftecute the Note- (a) is cosigning this Secuft. Erstrument only to mortgage, grant and convey. <br />that Softiwees interest fn the Property under the terms of this SecurfAyInstrument; (b) is not personally obligated to PLY, <br />.ft uam=urad by this Security Instrument; and (c) agrees that Lender and any other Borrower may agirWO extenc4 <br />modioJiMmir or make any accommodations with regard-to the term of this Security Instrument or the Nor. without . <br />that Borrower's consent. <br />12. IM CbWV& If the loan secured by this Security InstrumeAt is subject to a law wlVch sets ntitkimurn loan." - <br />chargm and that law is finally interpreted so that the interen or other ken charges collecW or to bq'Collected in <br />connection with the loan exceed the permitted limits. then: (a) any such loan charge shall be reduced by the amount <br />tmenxsauy to reduce the chap to ibe permitted limit; sad (b) any sums already collected from Borrower w*h-exceeded <br />permitted limits will be rdWed, to Borrower. Lender may choose to make this refund by reducing the prftdpd owed <br />under the Kate crby ra :king adirect pa; m-ent to Borrower. if areFund rewfucm principal, the reduction Willbe treated l-11,5*. <br />partial prepayment without any prepayment charge under the Note. <br />13. IA*kdm Afflaft [,wires Riglits. if enactment Or expiration of applicable laws has OW effect Of <br />rendering any provision of the Note or this Security Instrunient unenforceable according to its terms. Lender,,4 i c j��s option, <br />may require immediate payment in full of all sums secumd by this Security Instrument and may invoke anj'.rernedies <br />permitted by paragraph 19. If Lender exerciscOltis option; Lender shall take the step specified in the second pa*sph.or <br />paragraph 17. <br />14. Notlem Any nof=ta Borrower provided for in this S=vfty Instrument shall be givren by dehmrOsS it orb?":. <br />mailing it by first class mail unlm applicable law requires use of another method. The notice shall be dirmted to the <br />Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender sbillf6e given by <br />Ant class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notim <br />psovi! I Ifor in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided. <br />in this paragraph. <br />M Gqwnft Lair, SeversMft. This Security Instrument shall be governed by federal law and the law of the <br />jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the <br />Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note <br />which can be given effect without the conflicting provision. To this end,the provisions of this Security Instrument and the <br />Note are declared to be severable. <br />146. Borrower's Con. Wrrower shall be given one conformed copy of the Note and of this Security Instrument. <br />17. Tram*rof Pia Property waReseAddletaMisBorrower. If all or any part of the Property or any <br />interest in it it sold or transferred (or ifs beneficial interest in Borrower is sold or transferred and Borrower is not a natural <br />person) without Lender's prior written content, Lender may, at its option, require immediate payment in full of all sums <br />secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by <br />federal law as of the date of this Security Instrument. <br />If Leader exercises this option. Lender shall give Borrower mice of amleration. The notice shall provide a period <br />of am less than 30days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by <br />this Security Instrument. If Borrower fads to pay these sums prior tothe expiration of this period. Lender may invoke any <br />remedies permitted by this Security Instrument without further notice or demand on Borrower. <br />l Ownwwa RW to Rebotati. If Borrower awns certain conditions, Borrower shall have the right to have <br />enforcement ortbis Security Instrument discontinued at any time prior to the earliL-r of, fa) 5 days for 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 Lender all sums which then would be due under this Security Instrument and the Note had no acceleration <br />occurred; (b) cures any default of any other covenants or agreements. (c) pays all expenses incurred in enforcing this <br />Security Instrument, including, but not limited to. reasonable attorneys' fm. and (d) takes such action As Lender may <br />reasonably require to assure that the lien of this Security Instrument. Lender's rights in the WOPMV and Borrower's <br />obligation to pay the sums serured by this Security Instrument shall continue unchanged Upon reinstatement by <br />Borrower. this Security Instrument and the obliptions secured hereby shall remain fully effective as if no acceleration had <br />occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraphs 13 or I T <br />FA <br />
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