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200204175
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200204175
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Last modified
10/14/2011 8:46:59 PM
Creation date
10/22/2005 6:53:39 PM
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DEEDS
Inst Number
200204175
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Instrument without further notice or demand on Borrower. 200204175 <br />18. Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrower shall <br />have the right to have enforcement of this Security Instrument discontinued at any time prior to the <br />earlier of (a) 5 days (or such other period as applicable law may specify for reinstatement) before sale of <br />the Property pursuant to any power of sale contained in this Security Instrument; or (b) entry of a <br />judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender all <br />sums which then would be due under this Security Instrument and the Note as if no acceleration had <br />occurred; (b) cures any default of any other covenant or agreements; (c) pays all expenses incurred in <br />enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees; and (d) takes <br />such action as Lender may reasonably require to assure that the lien of this Security Instrument, Lender's <br />rights in the Property and Borrower's obligation to pay the sums secured by this Security Instrument shall <br />continue unchanged. Upon reinstatement by Borrower, this Security Instrument and obligations secured <br />hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate <br />shall not apply in the case of acceleration under paragraph 17. <br />19. Sale of Note; Change of Loan Servicer. The Note or a partial interest in the Note <br />(together with this Security Instrument) may be sold one or more times without prior notice to Borrower. <br />A sale may result in a change in the entity (known as the "Loan Servicer") that collects monthly payments <br />due under the Note and this Security Instrument. There also may be one or more changes of the Loan <br />Servicer unrelated to a sale of the Note. If there is a change of the Loan Servicer, Borrower will be given <br />written notice of the change in accordance with paragraph 14 above and applicable law. The notice will <br />state the name and address of the new Loan Servicer and the address to which payments should be made. <br />The notice will also contain any other information required by applicable law. <br />20. Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, <br />storage, or release of any Hazardous Substances on or in the Property. Borrower shall not do, nor allow <br />anyone else to do, anything affecting the Property that is in violation of any Environmental Law. The <br />preceding two sentences shall not apply to the presence, use, or storage on the Property of small <br />quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential <br />uses and to maintenance of the Property. <br />Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit <br />or other action by any governmental or regulatory agency or private party involving the Property and any <br />Hazardous Substance or Environmental Law of which Borrower has actual knowledge. If Borrower <br />learns, or is notified by any governmental or regulatory authority, that any removal or other remediation <br />of any Hazardous Substance affecting Property is necessary, Borrower shall promptly take all necessary <br />remedial actions in accordance with Environmental Law. <br />As used in this paragraph 20, "Hazardous Substances" are those substances defined as toxic or <br />hazardous substances by Environmental Law and the following substances: gasoline, kerosene, other <br />flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials <br />containing asbestos or formaldehyde, and radioactive materials. As used in paragraph 20 "Environmental <br />Law" means federal laws and laws of the jurisdiction where the Property is located that relate to health, <br />safety or environmental protection. <br />NON - UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: <br />21. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration <br />following Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to <br />s <br />
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