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89106173
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Last modified
3/7/2012 4:06:35 PM
Creation date
10/20/2005 10:16:49 PM
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DEEDS
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89106173
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=r <br /> _-�_ � � <br /> a9-� iosi�r3 <br /> � If l.ender required mo»�� insunnct�s� candition oP m�king the loan secured by this Security lnstrument, <br /> i Horro�,�!!pry tba pctanl�requirad to ma�ntain the insursnce in elfect uAtil utch time a�the requirement for the <br /> ; d/n{1iil�tdfn fkcOtdWAee�rltb 8ono�er's and I.ender's�ritten a6reemeat or�pgticable la�. <br /> : � � ' �,Kt.�liaer or its a�ent may mske reaortablt entries upon �utd inspcctions of the Prapeny. Lender <br /> s�ll�fyetBQrt�N�tl��it tha#i�e oPor pdflr to Rn inapection tpecifyin�re�aon�ble cauae for the insprction. <br /> 9. Co�iai�tio�. The proceeds of any�Mard or cltian for dams�a,direct or consequenti�l,ia connxtioa with <br /> any condannatlon or other uklnj oP any put of the Property�or for conveyance in lieu of condannation,ue hereby <br /> wip�ed aad thall be paid to Lender. <br /> In the eveat of a totsl t�1c1a�of the Property.the procads sbdl be�pplied to the sum�sxurod by thia Security <br /> Instrument,Mhetber or aoe theu due,rvleh iny oacxu p�id to Horrower.In the eveat of�partW takin�of the Property. <br /> . uAlps BorroMCr and Lender otherrvi�e ajree in�ritin�,the tum�seeur�d by this Security lnstrument�h�tll be redaced by <br /> ehe�mo�nt of the proceeds cnultipHed by the follo�viA�fraction: (a)the totsl unount of the sums secured immadiatdy <br /> befora the takin«.dlvjdad by(b)the fd�muket value of the Property immediately before the uking.Any balance shall t+e <br /> p�id to Horm�ver. <br /> lf the Property U abandoned by Borro�ver,or if,after Aotice by Lender to Borrower that the oondemnor offers to <br /> maice�sw►ud or iettle�claim for d�ma�a,HorroMer fdls to reapond to Lender within 30 days aiter the date the notice is <br /> �iva�,Lender is authotised w collxt and apply the procaade,�t 1ts option�either to restoration or repsir of the Property or <br /> W the tums�ecura!by tbi�Security Iiutruma�t,Mbether or not then duc. <br /> Unless L�der snd Bormaer other�vlse afree in wrlria�,any spplication of{�roceed9 to principal shall not extend or <br /> patpone the due date of the monthly p�ymeats referred to in parajraphs l�nd 2 or chinge the amount of sucb payments. <br /> 10. Horrowar Not Reler�d; Foebe�r�sa By I.eader Not � Wd�e�. Extet�sion of th� time for psyment or <br /> modiacstion of amortization of the eums socwed by this Security lnstrument granted by Lender to any successor in <br /> iata+at of Borrower ahall not operate to releax the li�bility of the origiaal Borrower or Borrower's successors in interat. <br /> �.eader shall nat be required to commeaoe procexdinp s�ainst any successor in intereat or refuse to eatend time for <br /> p�yment or othenviu modify amortization of the awas secured by thi�Security Inscrumtnt by rason of any demand made <br /> by the oripntl HonoMer or Borrower'��ucoes:on in intaa�My forbesrance by Lender in eaercising any right or remedy <br /> shall uot be�waiver ofbr prrclude the oxercise of any rl�ht or remedy. <br /> ii. Su�aMO��ud A�dP�Hor�+Joiat a�d S��enl LiabWq'i Co�tp�rt' 7`he covenant!�nd ssrekmenu of <br /> tl�;s Security In:wment sluil bind and bax�t the suc�awn and aui�u of I.ender uid Borro�vec,subjeet to the provisions . <br /> of p�ryrapb 17•HorroMer's ooveaanu snd t�reemenu shsU be,joiat u►d�everal.Any Borrower who casi�ne this Secwity . � <br /> In�trummt but doa not execute the Note:(s)�s co-�ipiin�this Sacudty tnstru:nent only to mort�a�c�W ant and convey <br /> thu HorroMer's interat ia the Property uader the term�of thu 9ecurity IAUrument;(b)i�aot persoualty obti�ated to psy ; •. <br /> ����y��.�_����}�t�,.: ..�.�.�;.����a�re�a tlut 1.ender and aav other Hortower may sjree to eatead. � _., <br /> tnodit�►�forbar or malce ury accommodaaona with te�ard to the term�of thf�Secunty imerument or the Note without . _ <br /> tbtt Borro�rer't conseat. � <br /> 12. I.aa C1iar�a. If the lan secvred by this Security Iastrument i�subjxt to R laa which sets maximum lan <br /> a � <br /> ebar�a. and that laM is flnally iAterpreted �o that the interat or other loan chu�a collxted or to be collected ia ,� <br /> connection wdtb the loaA�xcad the permitted llmiu� then: (s) any such losn chsr�e thall be reduced by the unaunt :�;,�. <br /> neoesary to reduce tbe chu�e to the peanitted tinxft;aad(b)any suau alradY coUected from Boaower which eaceeded <br /> pamitted lim9ts will be re.W�dod to HorroMer. Ler�cier msy cboo�e to m�ke thi�reltusd by reducin;tbe pdncip�l owed _ <br /> under the Note or by m�lcia�a direct psyma�t to Borrower.If t refl�ad reduca principal�the reduction aill be treaud a a <br /> pattial prep�ymart w�ithout�y prep�yma�t chu�e under the Note. <br /> 1�, I,e�adoe Af�i�tly I.eader'i Rl�b. If enwctment or expintion of spplicable l�an has tbe etfect of _ <br /> renderin j�ny provision of the Note or this Security Instrumer�t unenforcable accordin�to�u terms,Lender�at iU option, � <br /> • may raquire imm�diue payment in fu11 of all sums secured by this Security Yaatrument and mRy invoke uiy remedies <br /> permitted by pa»p�aph l9.IF Lender exercisa this option�Leeder�hall take the steps tpecifled in tha second paragraph of � <br /> p�ra�raPh 17. �� <br /> 14. Notica. My nodce to Borrower pmvided for in this Security Instrument sh�ll be given by deliverittg it or by <br /> mtilin�it by flrst clw mail nnleas applic�ble l�w requira use of ueother method.The notice shall be directed to the ,,�,; <br /> property Address or any other addras Borrower dai�nates by notice to Lender. Any notice to Lender ahall be given by -� <br /> At�tt clvs mail to I.ender's addras stated herein or any other address I.ender daignates by notice to Bonower.Any notice <br /> ptovided'for in this Socwity Inttrument ahall be doeraed to have ban given to Horrower or Lendcr when given as provided <br /> in thitpara�aph. <br /> IS. G�ereit�Lw;Se�erabUity. This Security Instrument shsll be governod by federal law and the law of the <br /> yuri�diction in which the P:operty is located.I�s tEre event that any provision or clauee of this Security Instrument or the <br /> lVote cont�icta with a�plieabte ltw,such con}lict shall not a�'ect other provisions of this Security Instrument or the Note <br /> which csn be�ven e6ort w►ithout the coaAlcting provisian.To this end the prorisions of thia Security Inurament and tha <br /> Nou ur dec4red to be severable. . " <br /> i6, ,BoRqwer's Co�y. Borroaer�hrll bt given one coaformed copy of the Note aed of this Security Instcument. <br /> 1�� ?ea�d�e o!t�e pro�trty or a BeneQai�l Interat ln Borrower. If sll or�ny part of the Property or�ny <br /> tnterat in it is soid or tru�sferrod(or if s beneflcitl interat in Borrower is sold or transferral and Borrawer is not a natural <br /> person)withaut Lender's prior written consent.Lender msy�at its option,require immaliate paymcnt i»fult of all sums <br /> secured by this Security lnstrument. However�this option ahall not be exercised by Lender if exercise is prohibited by <br /> federal bw u of the date of this Security Instrument. <br /> If Lender eaerctisa this option,Lender'hall�ive Borrower notia of acceleration.The notice shall provide a period ,-_______ <br /> - of not leu than 30 days from the dste the notice i�delivered or muled within which Borrower must psy sll sums secured by . <br /> ehis Socurity lnstrument.If Borrowrer fiils to psy these sums prior to the ezpiration of thia period,Lender may invoke any <br /> remedia permitted by this Security Instrument witi�out furth+er notice or demand on Bonower. <br /> ls.Horrowsr'�Ri�Yt to Rela�tate. If Borrower mats artain conditi�ns,Borrower shall have the right to have . <br /> enfarcement of this Security Instrument discontinued st any time prior to the arlibr of:(�)S daya(or such othet period as <br /> applicable 1sw may specify for reinststement)before sale of the Property pursuant to�ny power of ssls contained in this « <br /> L Security Iastrument;or(b)entry of�jud�ment enforein�thia Security Instrument.7'hose conditions are thet Bonower: . <br /> (�) p�ye Lender all sums w�hich then would be due under this Security Instrument and the Note had no acceleration � . <br /> occurred; (b)cures any defiult of sny othet covenants ar agreements; (c)pays all expenses incurred in enforcing this ��,, <br /> 5ecurity Instrument, �nclud�n�,but not limited to,reason�ble attorneys' fees; an�(d)taka such action as l.ender may r. <br /> rast�nabiy rtquire to assure that the lien of this Sxutity Instrument, Lender's rights in the Propeny and F3orrower's _�u�„� <br /> v61�pi�cm to p,iy the sums secured by th�s Scaunt� lnatrumznt sh,ll conttnue unchanged. Upon re�nstatement by . <br /> Bortower.this Secunty Instrument�nd the abli�auons secured hereby shxll rema�n fully eft'ective as�f no acceleration had r. <br /> occurrW However.th�s n�ht t�rein�t�te shall not apply in the case of acceleratton under parogrephs 13 or 17 <br /> � <br />
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