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89105982
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Last modified
3/7/2012 4:00:50 PM
Creation date
10/20/2005 10:14:13 PM
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DEEDS
Inst Number
89105982
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� � <br /> ' 89- 1d59�2 <br /> if t.aider required mort�e icuuruue as s condltion ai�nal�iag tAe laan �ecured by this Security lnatrummt. <br /> (� Borrower�hall pay tbe premiums roquited to msiataiu the iasurance in eRect until iuch tim�as the requimnent far tl� <br /> � ituurance termit�►tes in�ccatdanet with Bt�rrower's st�d I,endtr's�vritten��recment or ap�licablt law. <br /> •. i�. Lender or its Krnt may n�lce ra�onabk mtries upon and inspection�d'the Propert3�. L�cnder <br /> •hall�ive Aorrower�wtice�t tht timr of or prior to an inspectioa specifyinj raaonable cawe for tha inspection. <br /> 9. Cai�tle�. The pr000eds of any aMard or cLim for duna�es.direct or co��equentul,in canneetion�►rith <br /> any condpnaetioo or otha takin=oi'any pRrt oP the�roperty.or for conveyance in lieu of oondemnstion, are heceby <br /> atNpied and�al!De pid to I.ender. <br /> 1n tlse tYeat of a tos�l takinj of ths Property.the praoeeds shall be�pplia!to the�ums�ocured by this Security <br /> Inttn�aaais,Mbether or not t1�a�due.�vith tny exoat paid to Borrower.ln thr eveat of a parti�l ukin=of the PropertY� <br /> un1w��Or�sad Le�der other�vlte��ree in aritin�tAe suau�ecured by thi�Sacur�ty Insttumrnt slull be reduced by <br /> tbe amount d'tbe prooeeds iaultlpFkd by the folloMin�tr�ction:(s)the cotal araount of the sums�ecured im�nediatelY <br /> bc3a+e tlie talcia�divided bY(b)tbe fiir:aarket value of the PropertY immediatdy before tbe takin�.Any baW�ce shall be <br /> paid to BocroNet. <br /> If tGe Pt+opetty is abandoned by Borrower,or if.atter aotice by l.ender to Borro�rr�r tMt the condemnor o�bts to <br /> make aA a�td oc aettk�olaim for damt�es,Borrower fails to rapond to Lender Mithin 30dayt sfter tbe date tbe notice is <br /> �iven,�;u:uihcriz�.i ta ra}l.�.t aad app4y ths pro:!�s�et it��pUan,either ta ratonaon or rep�ir of the PtopettY or <br /> to tbe sun��xured by thu Security Instrummt,w►hether or not thea due. <br /> vakp I.end�etu�d Horrownr otber�viu aproe in�ritin�,any applioation of�roceed�to principal�hsll not eatqid or <br /> po�tpone tlie dae date of the monthly p�yma�u referred to in par�p'aphs 1 and 2 or chan=e the unount of such p�ymet�ta.. <br /> 10. Doerow.r Noe R�M..�� Fo�#ar..ce By Le.der Na s wd.K. F.�tmsion o!th�time for�payt�mt o�• <br /> enodiscatlon of�mortiratioo of the sums sxured by this Secufity Insuument gr+�nted by Lender to�ny successor i�n� <br /> interat ot Botroaer shall not operate to release the liability of the ori�inal Borrower er LoROwer's succ�essors in intetsst.� <br /> I.ender �U not be required to canmencs procaedinp a�ainst any successor in interdt or•rcfus�e to extend�tiate�fa� <br /> P�Y�t or o3herwi�e modlfY amortintion d'the sua�feaured by this Security Instrumtrt by rei�on.of any demsnd made <br /> by tl�t pn�utl Hoxro+�er or HorroMer's succxswrs in iaterat.My forbarance by Lend�r in eaercisin�.any ri�t or remedy <br /> •datl oot.tic a�+vsivar ef or prxlude tlie eaercise of as�y d�tt ct cs�edy. <br /> it. 5�oo�ws a■�AMFp�Ha�Joiat ri Se+�e�i ILiWh�t Co�iO�eri. The�covenuit!and ynDamenu of <br /> � t!�Securlty Inswa�ent ihW bind and baxflt the woca�on wd asa�oiLender u�d�arraruer.aubjrct eo the pmvisions : . <br /> of para�rapb 17.Bonower'�covenaau md yreeaaa�u aball be joiat and uver�l.My Hetrow►er v�ha�co-�isns this Security ; � <br /> Inttrumeat bnt doa t�ot execute the Note:(�)u co�sip�in�this Saeurity Instrumeat oc�y to mart�a�e,jrant and convey _ <br /> tbat BorroMet'�iAtaat in the Praperty uAder ehe tun�of thi�Securlty lnstnunetit;(��u not pet�on�lly oblipted to pay � ': <br /> Utii LC�toEt�{i i��y vi ici anxr."Tis..'v.Iii:�ySt�!Q:..'�r. i .- <br /> the•vms�.c.wred Dy el�s�urity iastrument:ano fci•t��' s_ <br /> �nodifj,,{orbar or mal�e tny�a�modation��vith reprd to tbe te�m�of thi�Security Insuument or the Note without ��-- <br /> tbat Hon+oMer'a oontent. [, <br /> 12. Lou C1�r�. If tbe iwn secured by tbis Security Instrument i�subjeet to s law�vhicl�sets n�imum loan <br /> eWr�a. and thst l�w is Anally i�terpreted io th�t th� intaat or other lan chu�a collacted or to be collected in �— <br /> eonnection rvitb the lan exoeed tlse pera�itted Iimiu, thae:(a)any such lou�chu�e shdi b�roduced by the amount — <br /> necewry to reduoe tbe abar=e to the permitted limit;aad(b)any uuns alrady collecca!from Horrower which eacceeded <br /> permitced limia wrill be refhnded to Horra�ver• Lender'msY chaae to make this retiind by red�the principal owed <br /> uader tl�e Note or by maicln��direct payiaaet to HorraMer.If�refbnd reduca principai.the reducaon�►►ill be treated a a <br /> p�rtial pR+epayment�rltbout any prepaYmeat chst�e under tbe Note. <br /> 1�, I,�i�IM Afhctf� T�e�lw'� Ryl�b. If enactment or expiration of appliable kwn hu the eRxt of � <br /> renderi�y any provl�ion of the Nae or this Security Instrumrnt unenforceabk accordia�to iu terms,Lcnder,at iu option, � <br /> may require immediate paymeat in fuA of a11 sums secured by this Security Instrument and msy�invoke any remedia <br /> permitted by parasraph 19.If I.ender exercisa this option,Lender shall take the steps:peci�ed in the secand para�raph of � <br /> paryraph 17. � <br /> i4,, 1Votlp�. My notice tg BorroMer pmrided for ia sh�s Secwity lnstrummt shsl!be�iven by deliveriu j it or by <br /> auilin�it by Ant cWt mail unlest spplicable laM requirts�e of another methad. The notice shall be directed to the ;.� <br /> p[op�erty Addrew ot�y other address Borrower desiputa by notia to Latder. Any notice to Lender shdl be given by <br /> Ant cWf mtil to I.eader's address tuted heran ar sny other�ddras Lender desi�nata by notiae W Borrower.Any natice <br /> ptovided 1'or in tbv Security lnstrecmeat th�ll be dermod to bave been pven to Borrower or Lender Mhen given u providai <br /> ia tLis p�t�y,nph. <br /> is. G�enla�L�Se�uabWty Thi�Socurity Instrummt shall be�overned by federal 1aw and the tsw of the <br /> jtui�diction in Mhich the property i�lecated.In the event that any provision or clause of this Security Instrument or the <br /> rlou eonticss witl�appliable Isw�tuch con!lict ahall not a�'xt otha provisiens of this Security lnstrument or the Note <br /> wr�c6�be pvea e�'ect�vitl�out the condictin�provi�ian.Ta this end tke provisioas ef this Se�uiity ln�trument and the <br /> Note ar+e declsrad to be�evenble. <br /> li. 8orrow�r�s Cop. BorroNer sh�ll be pven one eonformed copy of the Nate and of this Security Instrument. <br /> 17. '�'�■����peo�rty or �gqe�ciitl I�t�rqt is Borrower. If tll or any psrt of the Property or any <br /> interat in it is�oid ot tru�sferred(or if t bene6cial intenst in Borrower is sold or tru�sferred and Borrower is not�natural <br /> penon)aithout t.ender's Qrior w�ritten consent�Lender m�y.at its option,require immediate payment in full of alt sums <br /> secured by thi�Security Instrument. However. this oprion ahaU not be exercised by Lender if eaercise is prohibited by <br /> tadera3la�r u of the date of ehi�Secwity instrument. <br /> If LRnder esacisa this option�Lender sha11 pve Horro�er notia of acceleration.The notice shall provide a period ,___�____ <br /> otnot lew than 30 daya from the date the notice is delivered or mailed within which Borrower must psy all sums securcd by . <br /> this Security Instrument.If Horro�ver fails to p�y these sum�prior to the eapiraaon of this period,Lender may invoke any <br /> t�emedip permitted by this Security instrument without further notice or dcmand on Borrower. , <br /> 1�.BoRawMh iti�Yt to Rd�sutt. lf Botro�u meets aruin conditions,Horrower shall hsve the right ta have <br /> snforcement of this 5ecunty Instrument discontinued at ar�y time prior to the arlilr of:(�)S days(or�uch other period as <br /> �pplicabk It+iv may specify tor reinsuternent)before sale of the Property pursuant co any power of sale contained in this � <br /> Secunty lnstrumrnt;or(b)entry of a judpnent enforcins this Security lnstrument. Those condiuons are thae Borrower: tT <br /> L (�) pay� l.tnder ail sums which then would be due under this Secunty Instrument and the Note h�d no accelent�on �. <br /> oecurne�, (b) cura any def�vli of any other covenints or asteemtnts: (c)psys sll expenses �ncursed ro enfotcing thrs <br /> .Seeunty Ynstrument,mdutl�n�, but not Lmited to, rason�bte aetomey.c' fees, and(d)ukes such �ct�on u Lersder may t�• <br /> reawrtably reQwre to usure that the I►en of this Secunty Instrument. Lender's nghts �n the Froprrty an� Barraurr's �` <br /> o�l�pt�on to psy the sums stcured by th�s Secunty Instrument shill conunue unchanged l.'pon remseatement �y �t <br /> 8o�rowtr.thi�Secunty Instrumcnt�nd the oAl�tat�ons sesur�d hereby sh�il remain fully effed��e ns if nc acceleranon had ,, , <br /> cucurrtd Nawe�et,th�s n�ht to Pe►nsutr_sh�ll noi�p�ply+n the ca�ce of accelaet�on undrr paragraphv t?or I� <br /> � <br />
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