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200207183
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Last modified
10/15/2011 1:41:07 AM
Creation date
10/22/2005 9:00:52 PM
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DEEDS
Inst Number
200207183
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200207183 <br />uncelmation has occurred, rundam as provided in Section 19, by causing the action or proceeding to be <br />dismissed with a ruling <br />er a (hat, in lender's judgment, evt, precludes forfeiture ri the Property or other n ed; oh <br />impairment of drum for interest fl the Property gel rights coder rm Security major's went. t in he Props of <br />any award or claim Ibr damages than are eager. able m the impairment of bender's intcm.t in the Property <br />are hereby assigned and shall ee paid to Lender. <br />All the order pro Proceeds that are not applied m rammtion or repair of the Pmpary shall be <br />applied in the order provided for Section 2. <br />12. Borrower Not Released; Forbearance sums Lender Not a Walter. Extension of the bane for <br />payment or or any Successor orin jai Son of the sums secured by this Security Instrument e the li granted fl Lender <br />to any burrower <br />Successors ss any Successor in Interest of Borrower shall not operate t release the liability of Borrower <br />or any Smcor in in leases[ of Roi o brn refuse shall not to d impaired r commerce proceedings against <br />any Successor in Interest of Anrmwer a ri refuse m extend time far payment I otherwise modify <br />Ron cover or of the sums endured to this Security Any by reason of any demand main by the right Renewer or any , without in nation, of nd Borrower s _ Any forbearance n Lender in exer cising any right or <br />remedy including, without rowevtor i Lcndef s less than a payments from [hill persons, entities or <br />preclude e i Interest of y rower or in wrtS less than the amount they due, shall not be a waiver of or <br />preclude the exercise of any right or remedy. <br />13. Joist and Several Liability; and liable s; Successors and Assign. Bound. Borrower ower hS <br />and i agrees t that ec rity Instrument obligations said Nobility shall be joint and several. However, any c Hour <br />Signing who <br />ocsib s this Security o mour but does not convey the Note (a o «eyes+")' (a) r cc Signing this <br />Security Instrument only to mortgages of and convey the red to pa S interest in the Property under the <br />Inns of e this and (c)ry, heel that ad r not personally obligated to pay the sums endured di this Sorority <br />make Say end (c) agrees that bender and any other Borrower an agree m tit or t e Note forbear he or <br />make wry mwmntoda[iovS with regard m the terms of this security Instrument or the Nom without the <br />Subject to rite provisions of Section IS, any Successor it, Interest of Harrower who assume, <br />fornower's obligations under this Security instrument in writing, and is approved by Lender, shall obtain <br />all of Hanower's rights and batefit wider this Security Instrument. Bovbwa shall not be released Gem <br />Borrower's obligations and liability under this Security Instrument unless Leader agrees to Stich release in <br />writing. The canswunits said agreements of this Security Instrument shall bind (except as provided in <br />Section 20) and benefit the successors and assigns of Lauder. <br />16, Loan Charges. Lender may charge Borrower fees for services performed m comaection with <br />lioaower'a default, for the purpose of protecting Lender's interest in the Property and rights under this <br />Security Istnmrenb including, but not limited to, attorneys' fees, property inspection and valuation fees. <br />In regard to may other fees, the absence of express authority in (his Security Instrument to charge a specific <br />fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not charge <br />fees that are expressly prohibited by this Security Instrument or by Applicable Law. <br />If the Loan is subject to a law which sets maximum loan charges, and that law Is finally interpreted an <br />that the Interest or other loan charges collected or to be collected in connection with the Loan exceed the <br />permitted limits, rhea (a) any such loan charge shall be reduced by the amount necesaay to resume the <br />charge to the permitted Beek and (b) any sums already collected Nom Borrower which exceeded permitted <br />limits will be refunded to Borrower Leader may choose to make this refund by reducing the pricipal <br />owed under the Note or by making a direct payment In Borrower. If a reftmd reduces principal, the <br />reduction will be treated as a partial prepayment without any Prepayment charge (whether or not a <br />prepayment charge is provided for wader the Note). Borrower's acceptance of any such refund made by <br />Bret pvymevt to Borrower will constitute a waiver of coy right of action Borrower might have arising out <br />of such overcharge. <br />15. Notices. All notices given by Borrower or Lander in connection with this Security Instrument <br />cast be in writing. Any notice to liorrtwer in connection with this Security Instrument shall be deemed to <br />have been given to Burrower sciatic mailed by first class mail or when actually delivered to Borrower's <br />notice tailless if Sent by other means. Notice to any (site Borrower shall emutinae notice to all Bee mwnrS <br />unless Applicable Law expressly Tonares otherwise The notice address shall INS the Property Address <br />caless 1orrower has designated a substitute notice address by notice to Lends. Turnover .shall promptly <br />notify Leader of Borrower's change of address. If lender Specifies a procedure for rdeporting Borrower's <br />change of rmdruxt, then Borrower shall mly report a change of address through t� specified procedure. <br />229152 <br />CkSINE) banal iv, iran_ t� farm 2028 1101 <br />
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