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200206958
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Last modified
10/15/2011 1:14:27 AM
Creation date
10/22/2005 8:58:20 PM
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DEEDS
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200206958
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2002069513 <br />coleration has occurred, reinstate as provided in Section 19, by causing the action of proceeding to he <br />dismissed with a in IIng fhail, in Lender 'a judgment, first I'd es forfeiture of the Piopery or other material <br />bmpairnent of Leader's internal in the Popery or rights under htiS Security lusts ce(ur The proceeds of <br />any award or claim for damages that are mtributable to the impairment of I runs a interest in the Property <br />ve hereby assigned and shall be paid to Lender. <br />All Moccllarteons proceeds that are not applied to restoration or repair of the Property .shall be <br />applied to the order provided for in Section 2. <br />12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the limo for <br />psymont or modification of mnortization of the sums secured by this SeGUity, Instrument granted by Lender <br />In Borrower or any Successor in Interest of Borrower shall not operate to release the liability of Borrower <br />or any Successors in Interest of Borrower Lender shall not be required to commence federations against <br />any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify <br />amortisation of the sums secured by this Security Instrument by reason of my demand made by the original <br />Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising ally right or <br />remedy including, without Inanition, Lender's acceptance of payments from third persona, entities or <br />Successors in Interest of Borrower or in amounts less than the amount then due. shall not be a waiver of or <br />preclude the exercise of any right or cannot <br />13. Joint and Several Liability; Co- signers; Sncreesoes and Assigns Bound. Borrower covenants <br />and agrees that Borrower's obligations and liability shall bejohtt and several. However, ally Borrower who <br />o-signs this Security Instrument but does not execute the Note (a 'cc signer"): (a) is so signing This <br />Security Instrument only to mortgage, grant and convey the cosigner's interest he the Property tinder the <br />terms of this Sccunto Instrument; (If) is not poorer le) obligated to pay the sums secured by this Security <br />Instrument; and (c) agrees that Lender and any court Borrower cats agree to extend, modify, forbear or <br />make any accommodations with earned to the moms or tills Security Iretrumcut or the Note without the <br />to signer s Consent. <br />Sol bject to the provisions of Section IS, ant Sec aaor is Interest of Borrower who assumes <br />Borrower's obligations underlies Security Imstrument in writing, and is approved by Tender, shall obtain <br />all of Borrower a rights and benefits under this Security Instrument. Borrower shall not be released from <br />Borrower's obligations and liability under tills Security Insmtmnmt unless Lender agrees to inch release in <br />writing. I lie cavernous and agreements of tills Security Instrument shall bind (except as provided in <br />Section 20) and benefit the successors and assigns of Lender. <br />14. loan Charges. Louder may dtarge Borrows fees for services performed in contraction with <br />Borrower's default, for the purpose of protecting Lender's Interest in the Property and rights under this <br />Security htsmument, including, bill not limited to, attorneys' fees, property Inspection and valuation fees_ <br />In regard to any other fees, the absence of express authority ill this Security Instrument to charge a specific <br />fee to Borrower shall not be construed as a prohibition on the charging of such fee, knees may not charge <br />fees that tie cxpre" I , prohibited by this Security Instrument or by Applicable Law. <br />If the Loan n.. Meet to a law whell sets nevisionled fail,, charges, and (list t law is finally - Unilateral so <br />that the internal or other loan charges all ocd or to be collected in nettion with (lie I. n exceed the <br />permitted limits then (a) any such Ivan charge shall be mdoced by the adenine necessary le reduce Clue <br />charge to the permitted limit; and (b) any sums already eellonted from Borrower which exceeded permitted <br />hours will be refunded w Borower. lender may choose to make this refund by reducing the <br />' Principal <br />d under B Note o by m ka g direct 1' t t t Borrow If refund reduces 1 noca, <br />ray .icon will be reated is a partial prepayment without any prepayment d rg (whether or not it <br />prepayment charge is provided for under the Note). Borrower s acceptance of any such [ d made by <br />direct payment to Bonewer will constitute a waiver of any right of action Borrower might have anaing out <br />of such overcharge. <br />15 Notices All ri s green by Burrower or Lender connection -th Illis Security I stmmcnt <br />mast be ill wring Any notice, t n t end with this Seculity <br />InetraluEnt shall be decried to <br />have been given et Borrower when ma iled <br />by first class nail or r whe.n delivered to Thinower 's actually <br />notice address if ( m m m shall constitute notice t o Il Borrowers <br />unless Applicable Law expressly it s otherwise. Thenotice address shall to the Property Adepts <br />unless Borrower 1 . substitute rote street vot t' tI dr Bore e shall promptly <br />eats) harder f rawer s change fed d s. It Leader sp f d procedure for sporting Borrower <br />e <br />change of address, then Borrower shall only report change of address through that specified proculnre . <br />Ow 6UNE) axx�) 10, 1 b form 3028 1101 <br />
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