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200801606
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Last modified
2/27/2008 4:32:24 PM
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2/27/2008 4:32:22 PM
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DEEDS
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200801606
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<br />200801606 <br /> <br />18. Transfer of the Property or a Beneficial Interest In Borrower. Iv; used In this Section <br />1 B, "Interest in the Property" means any legal or beneficial interest In the Property, including, but not <br />limited to, those beneficial interests transferred In a bond for deed, contract for deed, installment sales <br />contract or escrow agreement, the intent of which Is the transfer of title by Borrower at a future date to <br />a purchaser. <br /> <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 beneficiallnterest in Borrower i8 sold or transferred) without Lender's <br />prior written consent, Lender may require Immediate payment in full of all sums secured by this <br />Security Instrument. However, this option shall not be exercised by Lender if such exercise is <br />prohibited by Applicable Law. <br /> <br />If lender exercises this option, Lender shall give Borrower notiCe of acceleration. The notice shall <br />provide a period of not less than 30 days from the date the notice is given in accordance with Section <br />15 within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to <br />pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by <br />this Security Instrument without further notice or demand on Borrower. <br /> <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, <br /> <br />Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time <br />prior to the earliest of: (a) five days before sale of the Property pursuant to any power of sale <br />contained in this Security Instrument; (b) such other period as Applicalbe Law might specify for the <br />termination of Borrower's right to reinstate; or (c) entry of a judgement enforcing this Security <br />Instrument. Those conditions are that Borrower: (a) pays lender all sums which then would be due <br />under this Security Instrument and the Note as jf no acceleration had occurred; (b) cures any default <br />of any other covenants or agreements; (0) pays all expenses incurred in enforcing this Security <br />Instrument. including, but not limited to, reasonable attorney's fees, property inspection and valuation <br />fees, and other fees incurred for the purpose of protecting Lender's interest in the Property and rights <br />under this Security Instrument; and (d) take such action as Lender may reasonably require to assure <br />that Lender's interest in the Property and rights under this Security Instrument, and Borrower's <br />obligation to pay the sums secured by this Security Instrument, shall continue unchanged. Lender <br />may require that Borrower pay such reinstatement sums and expanses in one or more of the following <br />fonne, as selected by lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's <br />check or cashier's check, provided any such check is drawn upon an institution whose deposits are <br />insured by a federal agency. instrumentality or entlty; or (d) Electronic Funds Transfer. Upon <br />reinstatement by Borrower, this Security Instrument and obligations secured hereby shall remain fully <br />effective as If no acceleration had occurred. However, this right to reinstate shall not apply in the case <br />of acceleration under Section 18. <br /> <br />20. Sale of Note; Change of Loan Servlcerj Notice of Grlevanee. The Note or a partial <br />interest in the Note(together with this Security Instrument)can be sold one or more times without prior <br />notice to Borrower. A sale might result in a change in the entity(known as the "Loan Servicer")that <br />collects Periodic Payments due under the Note and this Security Instrument and performs other <br />mortgage loan servicing obligations under the Note, this Security Instrument, and Applicable Law. <br />There also might be one or more changes of the Loan Servlcer unrelated to a sale of the Note. If there <br />is a change of the Loan Servicer, Borrower will be given written notloe of the change which will state <br />the name and address of the new Loan Servicer, the address to which payments should be made and <br />any other information RESPA requires In connection with a notice of transfer of servicing. If the Note <br /> <br />M!l'II NodlIlecl Fo""302411U1 <br /> <br />4200055 <br /> <br />(_19dW._- <br />l"n"l&~ <br /> <br />~ <br /> <br />N1!BFlASKA-4In;I. F.mlty-~ANNlIi MAilfRiODlE MAC UNIFORM ItIIITFlUMENT <br /> <br />""''''''''"~',''n''U''''''"''''',i, <br /> <br />"-_.,,~v~ <br />
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