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200205763
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200205763
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Last modified
10/14/2011 11:18:25 PM
Creation date
10/22/2005 8:44:41 PM
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DEEDS
Inst Number
200205763
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200205763 <br />There may he only one designated notice address under this Security Instrument at any one time. Any <br />notice to Lender shall be given by delivering it or by rushing it by first class mail to Lender's address <br />stated herein unless Lender has designated another address by notice m Borrower. Any notice in <br />connection with this Security Instrument shall not he deemed mm have been given to Lender until actually <br />received by Lender. It any notice required by this Security Instrument is also required under Applicable <br />Law, the Applicable law requirement will satisty the curesponding requirement under this Security <br />Ins( rnlllenl. <br />16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be <br />governed by federal law and the law of the jurisdiction in which the Property is located. All rights and <br />obligations contained in this Security Instrument arc subject to any requirements and limitations of <br />Applicable Law. Applicable Law ought explicitly or implicitly allow the parties to agree by contract or it <br />might be silent, but such silence shall not be construed as a prohibition against agreement by contract. In <br />Ore event that any provision ur clause of this Savrtty Instrumon[ or the Note conflicts with Applicable <br />Law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be <br />given effect without the conflicting provision <br />As used in this Security Instrument (a) words of the masculine gender shall mean and include <br />corresponding neuter words or words of the feminine gender; (b) words in the singular shall mean and <br />include the plural and vice versa; and (y Ore word "may" gives sole discretion without any obligation to <br />take any action. <br />17. Borrower's Copy. Boaowcr shall be given nnc copy of the Note and of this Security Instrument. <br />18. Transfer of the Property to a Beneficial Interest in Borrower. As used in this Section Is, <br />"Interest in the Property" mewls any legal or bcucficial interest in the Property, including, but not limited <br />to, those beneficial interests transferred in a bond for (foal, contract for deed, installment sales contract or <br />escrow arsncnt, the intent of which is the harsher of title by Borrower a1 a future date to a purchaser. <br />It a 1 e or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower <br />is not. a natural person and a hereticial interest in Borrower is sold or transferred) without Lender's prior <br />written consent, Leader may require inunodiate payment in full of all sums secured by this Security <br />Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by <br />Applicable Law. <br />If Lender exercises this option, Lcndcr shall give Borrower notice of acceleration. The notice shall <br />provide a period of not less than 30 days from the den the notice is given in accordance with Section 15 <br />within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay <br />these sums prior to the expiration of this period, Leader may invoke any remedies permitted by this <br />Security Instrument without further notice or demand ou Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, <br />Borrower shall have the right to have enforcement of Ibis Security Instrument discontinued at any time <br />prior In the earliest of (a) five days hcfore sale of the Property pursuant to any power of sale contained in <br />this Security Instrument; (b) such other period as Applicable Law might specify for the termination of <br />Borr'ower's right to reinstate; or (c) en( ry of a judgement utorcing this Security Instrument. Tlmose <br />conditions are that Borrower: fa) pays LCmler ell sums which then would he due under this Security <br />Instrument and the Note as if no acceleration had oa;urrcd; (h) cures any default of any other covenants or <br />agreements; (c) pays all expenses i ii( ire roil it enforcing this Security Instrrnnen[, including, but not limited <br />to, reasonable anorncys' fees, property tnspeainn and valuation fees, and other fees incurred for the <br />purpose of protecting Lender's iutcrest in the Property and rights under this Security Instrument and (d) <br />takes such action as Lender may reasonahly require to assure that Lender's inn;aret in the Property and <br />rights under this Security Instrument, and Borrower's ohfitalon to pay the sums secured by [his Security <br />Instmuent, shall continue unchanged. Lender may require that Bnrruwcr pay such reinstatement sums and <br />expenses in one or more of the tollowing ferns, as selected by Lender (a) cash; to money order; (c) <br />certified check, bank check, trva,cua's check or cashier s check, provided any such check is drawn upon <br />an instilulinn whose deposits are insured by a federal agency, instrumcuality of entity; or (d) Llectronic <br />Funds'fmnsfer. Upon reinstatement by Borrower, this Security Instrument and obligations secured hereby <br />m <br />4W- 6AINE1 wooer <br />T <br />Form 3028 <br />1101 <br />
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