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99102054
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Last modified
3/13/2012 2:43:48 PM
Creation date
10/20/2005 10:29:12 PM
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DEEDS
Inst Number
99102054
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. . ' �..�a. .. . <br /> . •'' . . " ' . ' . <br /> i � .� ' .. •� - . . . <br /> .. .� n .� . . � - . <br /> '_'.�.' _....�..�W:wriiY:9�"`._.�_.._._._...�.�_..._:_._.,.._�_. -...._.... . .......... ...._....."_'...�_�:_.._�.__.._.._._............ .�.""_"'_...__._.�.,... � <br />. '\ ....-.._.� . _.__.._.. " . <br /> � <br /> JJ - <br /> �. • ��° 1�1���4 orioo9ie <br /> �nyiit�nts mny rtq luu�cr bo rcqutrrd,c►c�he optton aP Lender.IP mortIIA�e Insurnnce coverage(in the amount and for the periad '�'``° <br /> , thnt l.cnder rcqulrts)pravldcd by un insurer nppraved by l.endcr a}�aire bccomes available and is obtaincd. Borrow�;r shali pay ;;Y_�"�, <br />. thc prcmiums rc�uircd to malntalm m�rtgnae lnsurunce in effcct,or to pravtde n loss reserve,until the requtrement for monguge �;��_„ <br /> , Insurance rndn In auardcuue with any written nBreement l�twecn Aarrowcr und l.cnder or applicable law. -�::.- <br /> " 9.Iusptttlun.l.�mder or!te oBent may mnke r�acannble entrleR upon und Inspections of the Property.l�e�der shnll�ive �''�� <br /> . Borrowcr aoticu at the time of or prtor to cnr►inspection eprcifying re�sonuble cause for th�lnspection. ��'=. <br /> � 10.Condtmnation. The proceeda af nny nword or clnim for dmm�ges,dlrect or cunsequentiul. In connection with any 'r�t-= <br /> � wndenu►nti�n or othrr tuking af any}�art uf tha Proprety. ur for wnveyuncr in Ileu of condemnetion. �re hereby assiguud axid �"'�" <br /> ; �� ahall be pAld to I.ender. , <br /> -��M1 !p the event o8 a totnl taking of the Property,the proce�ds shall be applied to the sums secumd by this Secudty fastmmant, ��_�_ <br /> �"";'�{y�p,� whether or not then due, with any excess pufd to Horrower. In thc event of a psutiai takla� of tho Property in which We falr <br /> � • � market value of the Pruperty itnmediately bPfore the taking is equtil to ar grenter than thc aznount of the sums secured by this e = <br /> � � Security Iasuumeat immediately befure the taking, uuless Borrower and Leader othervvlse agrec In wr�ting, tbe suma secured by - <br /> - ° this 5cxurlty Insuument sball be reduced by We emount of the proeeeds multiplied by the following fracdon: (a} the total � --- <br /> �• . umount of the swns secured imaiediately bafore the teking,divided by (b) the fair market value of tho Proporty lcnmediately -- <br /> �� before the teking. Any balance sdall he paid to Bonower. In the event of a partlat teking of the Property ia which We fair <br /> . - ,;.� ' market value of the Property immediately beforc the takiag is less thaa the amount of the sums secured imrnodiataly befom the .... <br /> takirtg,ualess Borrower and Lender atherwise agree in writing or unless appUca6le law otderwise provldes.the proceeds ehatl -_- <br /> �•� ' be applied to the sums secured by tbis Securlty Iasuument whether or not th�sutns are then due. <br /> . ,. If the Property is abandoned by Boreower.or if,atter aottce by I.ender to Borrawer tdat the condemaor offera to malce an - <br /> ` ��1� award or Eettle a claim for damages, Borrower fails to respond to Leader wlthin 30 daya after the dete the aodce is given, `�`- <br /> # Lender is authorized to coUect and apply the proceeds.at its option,either to restoratian or repalr of the Property or to the sums <br /> secured by tUis Securlry Instn►meat,whether or not then due. __. <br /> •� Unless I.�nder and Borrower otherwIse agree in wrlting, aay appiicadon of proceeds to prfncipd shall not extend or . _ <br /> • �7 i;1 pastpone the due date of tbe montbly payments referred to in para�raphs I and 2 or chaage the amount of such paymenta. __. <br /> ; .;` 11.Borrower Noi Reles�sPdi Torbearance By LQnder Not a Waiver. Hxtension of U►e Wne for payment o:raodification :'qti���:'" <br />�`�� . � � of r,mortization of the sums secured by this Securiry Instrumeut grauted by Lender to any aucc.essor in interest of Borrower shaU �i�u�.��:: <br /> �.�t:_:= <br /> ' " not operatP to release the liabllity of the original Horrower or Borrower's successora in interest.Leader shall aot be required to �R�_;��• <br /> :�:�. ,::i ;t; oommence procee�inge ageinat aay suacessor ln interest or refl�se ta eat�nd tims for paymeat or otherwise modify amortlzatloa =__ - <br /> af the sums secured b� tbis Securlry Iasttument by reasoa of any deroand made by the ortginal Borrower or Borrower's _- <br />..�;;�;�rF. �•� successora in intorest. Any farbearaace by l.ender in exercieing any right or remedy shall not be a waiver of or preclude tbe ��:�: <br /> uJ ;.�'�� exercisoof c�ny dght or iemedy. -- <br /> 5 • � F7��: <br /> `;`�r;�..r� 12. Succ�ssors ond Assigas Bouud;Joint and S�veral Liabili�y;Casdgei�rs. '1Lo covenants aad ag�eements of thia <br />�.�`_i,.A.��Vntlf"� Secudty Instrumeat shall bind aad benefit the successors and assigna of L.ender and Bomower. aubject to the prnvieions of <br /> ''r��� paragraph 17. 6orrov�er's covenante aad ngreem�nts shell be joint end several. Any Borrower wha co-stgas thia Security <br />�-`�' Instruntent but does aot execute thu Not�: (a) is co-signiag this Security Insuument oaly to moRgnIIe,grant aad convey that - <br /> =__--�---- Borrower's intemst in the Property uader the terms of tbis Serurity Iastrwnent; (b)is not pereonWly obllguted to pay the sums <br />--�''�=�� secured by thie Security Insuumenr.and(c)agrees that I,�ndec and eay ather Borrower may agree to extead.modify,forbear or <br /> '��`='�''�'°°° mnke aay a000mmodations with resard to the temis of this S�curtty Instrua�ent or We Note without that 8otcowrr's consent. <br />`�';s��,:T� 13.Losu Charges.If the loan secured by thle Securlty Instrument le subject to a Iaw wbicJi sets maxlmum lopa charges, <br />=-�-•�--s=� and thaz law ia Molly interprete�so thnt the tnterest or other loaa�hergcs coll�ted or W be collected ia coaneciton�vlth the <br /> °===w_�-;� loan exceed the perailtced limita,thea: (a)aay such loan charge shall he reduced by the aawunt aecessary w reduca the charge <br /> ------ to the permittecl Wait;aud(b)any sums already coltected from Borrower which eaceeded pr:npitted lim(to wUl b�s zeflrnded to <br /> —��— Borrower. Lender may eLoose to mt�ke this ceflutd by reducing the principal owed undor tho Notc or by mukipg u dir�ct <br /> _�`-�..:"'� payment to Borrower. If a re8ind reduces principal. the reductlon will be tre,�ted a+a partiel prepayment wlthout any <br />---- <br />
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