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202503228
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Last modified
6/16/2025 11:16:54 AM
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6/16/2025 11:16:53 AM
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DEEDS
Inst Number
202503228
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202503228 <br />If it has reasonable cause, Lender may inspect the interior of the buildings and improvements on the <br />Property. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying <br />such reasonable cause. <br />15. Protection of Lender's Interest. Lender may do and pay for whatever is reasonable or appropriate to <br />protect Lender's interest in the Property and its rights under this Deed of Trust, including protecting and/or <br />assessing the value of the Property, and securing and/or repairing the Property. Any amounts disbursed by <br />Lender under this Section shall become additional debt of Borrower secured by this Deed of Trust. These <br />amounts shall bear interest at the same rate as the Principal Amount in the Note. <br />16. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums <br />secured by this Deed of Trust granted by Lender to Borrower shall not operate to release the liability of <br />Borrower. Any forbearance by Lender in exercising any right or remedy including, without limitation, <br />Lender's acceptance of payments from third persons or entities or in amounts less than the amount then <br />due, shall not be a waiver of or preclude the exercise of any right or remedy. <br />17. Sale of the Property. Borrower shall not sell, transfer, lease, assign or otherwise dispose of all or any <br />part of the Property or Borrower's interest in the Property without Lender's prior written consent. If all or any <br />part of the Property or Borrower's interest in the Property is sold, transferred, leased, assigned or otherwise <br />disposed of without Lender's prior written consent, Lender may require immediate payment in full of all <br />sums secured by this Deed of Trust. <br />18. Sale of the Note. The Note or a partial interest in the Note (together with this Deed of Trust) can be <br />sold one or more times without prior notice to Borrower. Borrower will be given written notice of the change <br />which will state the new name and address, the address to which payments should be made and any other <br />information required by RESPA. <br />19. Events of Default. The following shall each constitute an "Event of Default": <br />- Borrower fails to make any required payment due under the Note or this Deed of Trust. <br />- Borrower fails to comply with any of the terms or conditions of the Note or this Deed of Trust. <br />- Borrower gave materially false, misleading, or inaccurate information or statements to Lender (or <br />failed to provide Lender with material information) in connection with the loan. <br />- If Borrower abandons the Property. <br />- If a default occurs on any lien or encumbrance on the Property, or an additional lien or encumbrance <br />is registered on the Property without Lender's consent. <br />- If any action or proceeding, whether civil or criminal, is begun that, in Lender's judgment, could result <br />in forfeiture of the Property or other material impairment of Lender's interest in the Property or rights <br />under this Deed of Trust. <br />20. Acceleration. Upon the occurrence of an Event of Default, Lender shall give notice to Borrower <br />specifying: (a) the default; (b) the action required to cure the default; (c) a date, not less than thirty (30) <br />days from the date the notice is given to Borrower, by which the default must be cured; and (d) that failure <br />to cure the default on or before the date specified in the notice may result in acceleration of the sums <br />secured by this Deed of Trust and sale of the Property. The notice shall further inform Borrower of the right <br />to reinstate after acceleration and the right to bring a court action to assert the non-existence of a default <br />5/10 <br />
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