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200310517
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200310517
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Last modified
10/16/2011 4:17:44 AM
Creation date
10/28/2005 2:46:58 PM
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DEEDS
Inst Number
200310517
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200310517 <br />There may be only one designated notice address under this Security Instrument at any one time. Any <br />not ice to Lender shall be t k cn by delivering it or by mailing it by first class mail to Lender's address <br />stated herein unless Lcrtcic: has designated another address by notice to Borrower. Any notice in <br />connection with this Securit- Instrument shall not be deemed to have been given to Lender until actually <br />received by Lender. IC any notice required by this Security Instrument is also required under Applicable <br />L:m , the Applicable I.aw requirement will satisfy the corresponding requirement under this Security <br />Instrument. <br />16. Governing Law. Severability; Rules of Construction. This Security Instrument shall be <br />go\ crned 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 are subject to any requirements and limitations of <br />Applicable Law. Applicable Lav% might explicitly or implicitly allow the parties to agree by contract or it <br />ml,-,ht be silent, but such silcncc shall not be construed as a prohibition against agreement by contract. In <br />the event that any provision or clause of this Security Instrument or the Note conflicts with Applicable <br />Lim , such conflict shall not affect other provisions of this Security Instrument or the Note which can be <br />gr, -,it effect without the conflictin 1 provision. <br />As used in this SCCUI -ltv hnstrument: (a) words of the masculine gender shall mean and include <br />corresponding neuter vwords or words of the feminine gender; (b) words in the singular shall mean and <br />include the plural and vice crsa: and (c) the word "may" gives sole discretion without any obligation to <br />take any action. <br />17. Borrower's CoPe. Borrower shall be given one copy of the Note and of this Security Instrument. <br />18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, <br />"liitcrest in the Property" mcaus any legal or beneficial interest in the Property, including, but not limited <br />to. hose beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or <br />es row agreement, the intent ol' which is the transfer of title by Borrower at a future date to a purchaser. <br />If all 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 beneficial interest in Borrower is sold or transferred) without Lender's prior <br />written consent, Lender may require immediate payment in full of all sums secured by this Security <br />ILi,,irument. However, this ,)ption shall not be exercised by Lender if such exercise is prohibited by <br />Applicable Law. <br />If Lender exercises tlli> option, Lender shall give Borrower notice of acceleration. The notice shall <br />provide a period of not less that 30 days from the date the notice is given in accordance with Section 15 <br />v ithin 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, Lender may invoke any remedies permitted by this <br />Security Instrument without further notice or demand on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, <br />l3 mower shall have the right to have enforcement of this Security Instrument discontinued at any time <br />pi nor to the earliest of: (a) I I-. c days before sale of the Property pursuant to any power of sale contained in <br />th Security Instrument: (b such other period as Applicable Law might specify for the termination of <br />&grower's right to rcilata:e: or (c) entry of a judgment enforcing this Security Instrument. Those <br />concitions are that Bornmci: (a) pays Lender all sums which then would be due under this Security <br />111',11-ument and the Note a,, II no acceleration had occurred; (b) cures any default of any other covenants or <br />a I canents; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited <br />to_ reasonable attorneys' ices. property inspection and valuation fees, and other fees incurred for the <br />purpose of protecting Lenders interest in the Property and rights under this Security Instrument; and (d) <br />talcs such action as Lencicr may reasonably require to assure that Lender's interest in the Property and <br />rights under this Security Instrument, and Borrower's obligation to pay the sums secured by this Security <br />lnsn-ument, shall continue unchanged. Lender may require that Borrower pay such reinstatement sums and <br />expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) <br />cc: ! i Pied check, bank check. t r surer's check or cashier's check, provided any such check is drawn upon <br />at: Institution whose deposit, <uc insured by a federal agency, instrumentality or entity; or (d) Electronic <br />F : :cls Transfer. Upon rciiw itemcnt by Borrower, this Security Instrument and obligations secured hereby <br />Initials: <br />-6(NE) (0005) Page 11 of 15 Form 3028 1/01 <br />
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