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200800270
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Last modified
1/14/2008 7:43:01 AM
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1/14/2008 7:43:00 AM
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DEEDS
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200800270
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<br />200800270 <br /> <br />There may be only one designated notice address under this Security lI1stnunent a.t anyone time. Any <br />notice to lender shall be gjven by deliveriIl$ jt or by mailing it by fitst class mail to Lender's address <br />stated herein 'LU1less Lender has (lesi.gnated another address by notice to :Borrower. Any notice in <br />connection with this Security InBtIument shall Dot be deexne4 to have been. given to Lender until actually <br />received by Lender. If any notice required by this Security InstrumtnI is also required under Applicable <br />Law, the Appueable Law requirement will satisfy the corresponding requirement under this Secutity <br />Insmunent. <br />16. Governing Law; Sevelabllity, Rules of Construction. This SeC1:Lrity Instrument shall be <br />governro by federal law and the law of the jurisdiction in which the Property is located.. All rights and <br />obligations contained in this Securtry Insrrument are sUbjl";Ct to any requiretntnts and limitations of <br />Applicable Law. Applicable Law might explicitly 'or U'npIicitly allow the pan.J.es to agree by COntract or it <br />might be silent, but such silence shall DOt be construed as a proh1"bition against ~reement by contract. In <br />the event that any provision or clause of this Security l'nstrument or the Note conflicts with Appl~ca.ble <br />Law, such conflict shall not affect other provisions of tbj,$ Security Instrument or the Note which can be <br />,given effect without the conflicting provision. ' <br />As used in this Security Instrume;u,t: (a) words of the DJ.8$C1lline gender shall mean and include <br />corresponding neuter wotds or words of the feminine gender; (b) words in the singular shall mean and <br />include the plural and vice versa; and (c) the word. ~ntay" gives sole discretion without any obligation to <br />rake any action. <br />17. ;8Qr;rOwer's Copy. Borrower $hall be given one copy of the Note and of this Security InstIUIIlet1t. <br />18. Tramfer of the Property or a Beneficial Int~n:st in Borrower. As used in this Section 18, <br />"Interest jn the Property" meaJ.;J.$ .any legal or beneficial in~ereSt in the Property, iD.clud,i.ng, but not limited <br />to, those beneficial interesrs transferred in a bond for deed, contract fOr deed, i11sta.llment sales COnttact or <br />e$Crow agreement, the mtent of which is the tramfer of title t,y BOlTOWer at a future date to a purohaser. <br />If all or :.w,y part of the Property or ~y Interesl in the Property j,s sold or transferred (or if BorrOwer <br />is not a natural per5Dn and a benefi~al intemrt in ;BoftQwer is sold or transferred) without Lender's prior <br />, written consent, Lender may require immediate payment in full of all sums secured.. by this Security <br />InstJ:utnent. However, this option shall not be exercised by Lender if such exercise is probibjted by <br />Applicable Law. <br />If Lender exercises this option, Lender shall give Borrower notice of accelerttiort. The notice shall <br />pl"ovide: a period of not less than 30 days from the date the notice is given In accordance with Section 15 <br />within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails 10 pay <br />these: sums prior IO the expiratio;tl. of this period, Lender may involce any remedies pennined by tbj$ <br />Security Inst:rument withoUt further notice or. demand on BorrOWef_ <br />19. :BQ;rr()wer~s }light to Reinstate After Acceleration. If BOrrower :meets certain conditions, <br />Borrower shall ba.ve the right to have enforcement of this Security Insuwnent discolltll1ued at -any time <br />prior to the earliest of; (a) five days before sale of tb~ J>>wpmy'pursuant 10 any power of sale ooatained in <br />this SecPrity In.stnunentj (b) such other period as Applicable law might spe:c:ify for the teImination of <br />Borrower's right to reinstate; or (c) entry of a- judgment enforcin~ this Securtty 'ln$trUmeDt. Those <br />COJ;;I.(ljrions are that Borrower: (a) pays Lender all sums which then would be due under this Security <br />Instrument and the Note as if no acceleration had occurred; (b) cures any default of 811Y other covenants or <br />agreements; (c) pays all expen5e$ mcurred-in enforcing this Security lnsmunent, includ~, but not limited <br />to, reasOnable tltomeys' fees, property inspection' and,valuation fees, and. other fees incurred for the <br />pU1pOse of protecting Lender's interest in the Property and rights under this Security Instron'1eJ1t; and (d) <br />takes such actiOn as Lender may reasonably require to assure that Lender's interest in the Property and <br />rights under this Security Instrument, and BOlTower's obligati<m to pay tht SU1'l.1S secured 'by this secunty <br />mrrument, shall continue unchanged. Lender may require that Borrower pay such reinstatement SUlllS and <br />expenses in one or more of the following fonns, as selected by Lend.er: (J) cash; (b) money ower, (c:) <br />certified. check, bank check, treasurer's check or cashier's check, provided any such check is. drawn upon <br />an institution whose deposits are insured. by a federal agency, instrumentality or entity; or (d) Electronic <br />Funds Transfer. Upon reinstatement by Borrower, this Seeuriry InstrUment and obligations secured 'hereby <br /> <br />CD<5 -6IN!;) (000$1 <br /> <br />PaGe " 01 , $ <br /> <br />fl"j <br /> <br />In"iale~ <br /> <br />Form 3028 1/01 <br />
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