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95106425
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Last modified
3/10/2012 3:10:58 PM
Creation date
10/21/2005 10:15:43 AM
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DEEDS
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95106425
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: '?�;�;�;,'� . .. �� ''� ., <br /> . �• -IAS� ^�914... � � .. i /14A(7 , ._ ..•... •'l�'� ._ <br /> L�T�".+.�kr, - --- — ----._ _=_.._ .� ._..----. <br /> n no lon er be uired.nt 9o�Jpd �o�of�nderi �I�f�rtBQBo insurnnce coverage tin tho umaunt und for the(�edod <br /> payn�ents m y B �9 <br /> duu Lender requircs)pravided by an icusurer approved by L.ender agaln becomes available and iA obtnined. 8orrower ahall pny <br /> the premiums required ro mnintnin mangngo insurarsce in effect,Qr ta pmvide u losa reserve.untit�hc requicement for mortgege <br /> insurancx enda in uccordance with anY wdtten ogreement bctwcen Borrower und Leudcr or upplicabte tu�v. — <br /> 9.Inspectton.L.ender or its agent may make rensonable entrles upon und irtspectians of the Property I.ertder shall give <br /> Bortower noticc at the time of or prlor to�u�Inspection specitj�fng reusonubte casuse for the inspection. <br /> 10. CondemnaUaa. The pmceeds of any award or clalm fer damages. direct ar consequendal. in connection wtth any <br /> �_.._.,_.. ..a.».,�:.,,, ,.�qn..oart nf ihe Pxv�rrtN.ar far rnnvevartce in lieu of condemnation.are hereby assigaed end <br /> wiiuwtu�wav�.v. ......�. «.....,o _ –,. . <br /> shalf be paid to Leacter. <br /> In the event of a total tokIng of the Propetty.the praea�s slisit be appliod ta the sums securEd by this Security instcumeat, <br /> whether or not then due. wtth any excess paid to Borrower.In the event of a partiai takln6 af the Property ia which the fair <br /> macket value of the Properry immedintely befare the utk�n$ ls ulusl to or grcater than the amaunt of dic swns secured bY thiB <br /> Socvri�y Instrument immediately bofore tho takins,ualess Borrow+er und I.ender otherwlse agree in writing.the suma secured by <br /> this �xuriry Instrument shell be reduced by the Rmount of the pmceeda multiplied by the foilowing fraction: (e) the totel <br /> amount of the eums secured immediately before the taking.divtdcd by (b)the fair market value of the Property imir►cdiatolY <br /> b�fQre the teking. Any baiaacx s6a11 be pald to Borruwer. In the event of a partlal taking of the Ptnperty in which the fair <br /> market value of the Property immedlatelY before the taking Is less than the ttmount of the sums serured Immedia�ely befom the <br /> ta6dng,unless Borrower and Lender othenvtse agree in writin8 or unless appltc�tble law othenvise provides.the pmoceds ehell <br />�, bo applied to the st►mg secured by this Secur�ty Instniment whether or not the sums are then due. <br /> IP the Property[s abandoned by Borrower,or if.eRer nadce by Lender ta Borrower that the condemnor offera to make an <br /> awarQ or settle a claim for da�nages, Boncower fails to respond to Lender within 30 days after the date thc notice 1s Siven, <br /> I.ender fs authorized to colicct and apply the pmceeds,at its oprion,elther to restoiatioa or repai�of the Pioperty or to the sums <br /> securod by thls Security Insavment,whether or not then dae. g li�uoa of rocteds to princi shall not eatend or <br /> Unt�ss Lender aad Borrower othenvlse agree In writia . any apP P � <br /> postpone thc due date of the monthly payateats referred to i�n paragraphs t and 2 or change the nmo�u►t of such payments. <br /> 11.Borrower Not Rele�sed;For6earance Hy I.ender Not a Waiver.Extension of the time for puyment or moditication <br /> ��n�ti�ntian of tbe sums s�uted by thia Seenrlty Instrument grantec5 by Lender w any succ�ssur in int�rCSt of Borrower shall <br /> not opCrute to release the liability of the original Sorrower or Borrower's successors in interest.I.ender shaii rrot t�e�ir�d ta <br /> commence p�ings against any suocessor in interest or nfuse w extend t�me for payment or othenvise raodify amortization <br /> of trie swns secured by th[s Security Insuument by reason of any demand mnda by the odginal Bbr�ewer or Borrower'g <br /> successors in luterest.Any forbearance by Lender in exercisiag any rigdt or remody shaU not be a wA�var of or preclude the <br /> exercise of uny rlght ur netnaly. • • <br /> 12. Su�oessore and Assigos BaAn� Joint and Severa� LiabWty;Co-st8�r.t��• 'I'he covenants aad agreements of this <br /> Socudty Instn�meat shall bind esid Aemfie the successors and assl8as of Lender and Aormwer. subject to the provisions of <br /> paragraph 17. Barrower's coveaants and agneinents shal!bo joim and several. A,ay Borrnwer who aasigns this Secudty <br /> Iasicumcnt aut does not execuce the Note: (a)is ao-signing this Security Insuument oniy to mortgage.gtant and convay that <br /> 8ormw�er's interest in the Property under the terms of this Secudty Insuument;(b)is not personAlly obligated t�pay the sums <br /> securrd by:Ysid s:auFtg Lutnur�nt:and(c}n�nz.e shat Lender 9nd eny other Burrower mey aQrx to extend.modify�forbear or <br /> u�e�y�oommodat(ons with cegard to the terms of thta Securiry b�suumeat or tde Note without that Borrower s consent. , <br /> 13.Loan Ch�r�'s•If the loan secured by this Sxurity Insaument is s:ibjnct to a law wlilch sets maxtmum loaa chargea�. <br /> � and that law is fin�ly�3nterpretat so that the iaterest or other loan charges cotlectod or ta be coilected in conneCdon wtth the . , <br /> loan eacad the pemtitted ltmits.then: (e)any such loan charge shai!bo ceduood by the amount aaxssary W raduce the cdu8c . <br /> w the p�ra�iaod llmir,and(b)any sums al�+eady collecud from Borrower which excceded permiaed limits wiil be rethndod to <br /> gurrowrn: I,ender may choose to make thfs refund by reducin,$ the principal owed undor the Note or by maki�dirxt <br /> psymnt to Borrower. If a refl�nd reduces primclpal. the reduction will,be tnated as a partfal ptepayme Y <br /> � P�Yment charge uader tha Note. � , <br /> 14.Notices.My nodce to Borrowor provided for in thts Socurity Instniment shaU be given by del�vtlring it or by m�iling <br /> . it by tirst cluss mail ualess applicabl�law requires use of another method.The nodce shall bo directod to the Propeity Addi+ess <br /> or eny otlier addnss Barrower designates by notire to Lender. My noNce W Lender shall be given by first clas,s mail to <br /> Y,euder's addnss stated herein or any other address Lender designates by norlce to Borrower. Any noti�provided for in this . <br /> Security Insuument�sb�'ll be deemed to have been given w Bozrower or Lender when given as provided in this parag�aph. : <br /> � ' 15,Governing I.nw; SeverAbiUty. 't7ils Securiry Instrunaent shetl be govemed by federal law and the law of tho � <br /> jurlsdictIon in whlch the Property is locaud•In the event that any provision or clause of this Security Instrument or ihe Piou <br /> oonflfcts with applicable law,such conflict shall not sffeci other pmvisions of this Security Insuument or the Note which can be <br /> given effi�t without the conflicdng provision.To this ettd the provisians of this Security Instrument and the A1ote ar�c dxlac+ed <br /> to 6e sevenible. � <br /> 16.�orrawer's Copy.Bormwer shall be given one confomx;d onpy of the Note und of th[s SecurIty Instrument. <br /> Form 3028 8190 <br /> Pp��o�8 <br /> • • � <br />
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