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200207239
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Last modified
10/15/2011 1:47:19 AM
Creation date
10/22/2005 9:01:35 PM
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DEEDS
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200207239
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200207239 <br />acceleration has Occurred, reinstate as provided in Section 19, by causing the action or proceeding to be <br />dismissed with a Future Ent, in Lender's judgment, precludes forfeiture of the Property or other material <br />impairment of Leaders interest in the Property or rights under this Security Instrument The proceeds Of <br />any award or claim for damages than are auributahle to the impainnem of Lender's interest in the Property <br />are hereby assigned and shall be paid to Lender. <br />All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be <br />applied in Ilse orler provided for in Section 2. <br />12. Burrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for <br />payment or modification of amortization of the sums secured by this Security Instrument launch by Lender <br />to Borrower or any Successor in plaunt of Borrower .shall not operate to release the liability of Borrower <br />any Successors in Interest of Borrower I error shall not be required to commence proceedings against <br />any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify <br />amortization of the sums secured by this Secm'iry Instrument by reason of any demand made by Elie original <br />Borrower or any Successors in Interest of Borrower Any forbeeranec by Lender in exercising my right or <br />cntrdy including, without Initiation, Lender's acceptance of payments from third persons, entities or <br />Successors in Imerogt of Borrower or in ammets less than the amount than due, shall not be a waiver III <br />piaglude the exercise of my right or remedy. <br />13. Joint and Several Liability: Cosigners: Successors and Assigns Bound. Borrower covenants <br />nut agrees Ihnt Borrower's obligations and liability shall be joint and several. However. any Borrower who <br />no signs This .Security instrument but does not execute the Note (a "w signer 'L (1) is cc - signing this <br />Security histmment only to mortgage, grant and convey the co- signer `a interest in the Popery under the <br />[arms of Ihis Security lrrsnumcnC m) Is not personally obligated to pay the sums secured by this Security <br />Instrument: and (e) ages that Lender and any other Borrower can agree to extend, modify, forbear or <br />make any a ommodations with regard m the terns of this security Instrument or the Note without die <br />�t to the -n Interest of Buttoner who airlines <br />si sal t nt the provisions of Section I8, any <br />Bono OblieolOn.s under this Security Instrument in writing, and is approved by Leader, shall unfair <br />all of Borrower's rights and benefits under this Security Instrument. Borrower shall not be released from <br />Borrower's obligations and liability under this Security Instrument unless Lender agrees [O Inch release in <br />writing. The covenants and agreements of this Security Instrument shall bind (except as provided in <br />Section 20) aid benefit the smcicssors and assigns of Lender. <br />14. Lunn Charges. Under may charge Borrower fees for services performed in correction with <br />Borrower's default, for the purpose of protecting Lenders interest in the Property and rights undo thus <br />Security Instunent, including, but not limited to, attorneys' fees, property Inspection and valuation fees. <br />In regard to any other fees, the absence of express authority in this Security Instrument o charge a specific <br />fee to Borrower shut] not be construed as a prohibition on the charging of such tee_ Lender may not charge <br />fees that are expressly prohibited by this Security Instrument or by Applicable Law. <br />ff Ore Loan is subject to a law which sets maximum lent charges, and that law is finally interpreted so <br />]hut the inteiestto other loan charges collected or to he collected in connection with the Loan exceed the <br />permitted limits, their (a) any such loan charge shall be reduced by the amount necessary to reduce the <br />charge to file perailed Fear; and (h) any sums already collected from Borrower which exceeded permitted <br />limits will be refunded to Borrower. Lender may choose to make this refund by reducing [tie principal <br />-ell ruder the Note or by making a direct payment to Borrower. If a refund reduces principal, the <br />reduction will be Ironed as a partial prepayment without any prepayment charge (whether or not a <br />prepayment charge Is provided for under the Note)_ Borrower's acceptance Of any such refund made by <br />direct payment to Borrower will constitute a waiver of any right of action Borrower might have arising out <br />Of scull Ovemhurge. <br />15. Notices. All notices given by Bormwcr or ]trader In nection with this Security Instrument <br />must be In writing. Any notice to Borrower In connection with this Security Instrument shall he deemed to <br />have been given to Borrower when mailed by first lines mail oi when actually delivered to Borrowers <br />notice address if sent by other meats. Notice to my one Borrower shall c [ nstitute notice to all Borrowers <br />imless Applicable Law expressly residues otherwise- Ilse notice address shall he the Property Address <br />micas Borrower has designated a subdue o notice address by notice to Lender. Borrower shall promptly <br />notify Lender of Borrower s change of address. If Lender spauifies a procedure for mporing Borrower's <br />chance of address, then Borrower shall only repot a change of address through t � �tspecified procedure <br />- . . <br />61NFJ Imo -�c 1� Form 3028 tNt <br />
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