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200906316
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Last modified
8/3/2009 2:20:35 PM
Creation date
7/31/2009 3:11:07 PM
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DEEDS
Inst Number
200906316
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.~ <br />;~ <br />~_ .i <br />~oo~os3is <br />2oosoi43o <br />'Xhere may be only one designated notice address uuader this Security Instrument at any one tune. ,Any <br />natic:e t4 Lender shalt be given by delfverixtg it or by mailing it by first class mail to I.ead~'s address <br />stated herei,~ unless Tender has denigrated smother addt'egs by nacicta to I3oxxawer. Any notice ixr <br />connection vvitlr Ibis Security ~ ,g~tl mot be deemed to have been given to Lender wctil. any <br />received by I~der. If any notice required by this Security Instrument is also required under Applicable <br />Law, the Appiic&ble Law requirement will satisfy the corresppzading requixelnextt ttttder this Security <br />Ir-stxument. <br />1G. Governing Law; $cverab~ity; Rules of Gonstruetion. This Security lnstrtunent slxall be <br />governed by federal law and the law of the jurisdiction in which the Property is located. Ail righra and <br />obligations contained in this Suety Instrumcri are su$ject tv any require,~~ and limitatiatas of <br />AppIiCabie Law. Applicable Law xrir t explicitly ar implicitly allow the parties to agree by contract or xt <br />might be silent, but such silence sI~ ~,t be ~~~ ~ a ~h{bitiaa against agreement by crnnvact. In <br />the event that amy provision or cleuse of this Security Instnment ar tlae Note conflicts with. Applicable <br />Law, such eon~ict shall ant affect other provisions Of this Security Instrument ar the Note which can be <br />given effECt without the conflicting provision. <br />As used in this Security Xnstruznent: (a) words of the masculine gender shall mean and ic;clude <br />corresponding renter words or words of the feminine gender; ($) words its the singular shall mean and <br />.~~;,~~nclude the plural and vice versa; and (c) the word "may" gives sole discretion without any obligation to <br />y~gNZA~~. any action. <br />tr n, <br />~~? ~! . ~~, °' ~~. 7. Borrower's COPY- Borrower shall be given one cagy of the Note and of this Security Instxumet>.t. <br />~~~. ~ <br />~r TransFer of the P!<,operty or a Heq~'icia! Ynteregt in Bvrrawer. As used in this SeCtiorl 18, <br />;,~~'~' ?"lht ~ ~ in lire Property" mea>tia any legal or bcae~cial int,~rest in t&e 1?rope~ty. including, but not limited <br />y~~u`i ` ^,.~a,~tb°`, benefaciai interests trat[sfen~cd iu a bond fior deed, cornzact far decd. instalItnent sales contract ox <br />~hV\ ~ V+l <br />~~,~r> ;a,~. ow agreernenc, the iatcrrt of which is the transfer of title by Borrower at S future date to a purchaser. <br />,~~,~~ . If ~ or any part of the Property or any Interest in the property i4 sold ar transferred (or if Borrowez <br />~' °`~~-sw I ~~ onsent ~nder ma ~~ mkt m BO~wer is sold or transferred) without Leader's prior <br />~~i,- ~ ~ Y require immediate paytnpat in full of all soma secured by this Security <br />~[TAgf ARG ~ ent. However, this option shall not be exercised vy Lex-dex if such exercise is prohibited by <br />pplicable Law. <br />If l:.ender eJ~cises this optlot~, Lender shall give Horrvwer notiac of acceleaation. The notice shall <br />provide a period of not less tlzaa 3p days from the date the notice is given in accordance with Section 15 <br />within which Borrower nxxtst pay all sums secured by this Secuurity Instrument. Xf Borrower fails to pay <br />these Sums prier to the expiration of this pentad, Lender may involte any remedies peralitted by this <br />5ecuriry XnStrumtnt without further rtdtice ar demand on Borrower, <br />~9. Borrawet-'s Right to Reinsrtate After Acceleration. if Borrower meets certain conditions, <br />Borrower shawl have the right to have aaforaemeat of this 5ecuriry Instrument discan;tinued at any time <br />prier to the earliest af: (a) live days before sale of the Pxopeny pursuant to any power of salt contained in <br />this Security Instrument; (b) suelx other period as Applicable Law might specify for rite tetnairxation of <br />Borrower's right to reinstate; or (c) trrtry of a judgtrrent enforcing this Security Instrurne,~ut. Thgse <br />conditions are that Borrower: (a) pays Larder all sums which then would be due under this Secauity <br />Instrument and the Noce ~ if np ~I~pn had aCGttiied; ro) ctlt+d5 any defaault of afly other covenants ar <br />agreements; (c) pays all expenses incurred in enforai~g thfs Security Instrument. including, but not limited <br />ta, reasonable attorneys' fees, property inspecfiar and valuation fees, nand other fees incurred far the <br />purpose of protesting Lender's rnterest in the Property and rigJats under this Sectzriry Instrument; and (d) <br />takes such action as Lender may reasonably require w assure that Lender's interest in rite Property and <br />rights under this Security Instrument, and Borrower's obligatioA to pay the strrus secured by tb;is Security <br />Instrument, shalt continue Lendq~- may requsre that Banawer pay such reinstatement sums and <br />expenses in pre or more of the oAowing forms, ss selected by L~der: (a) cash; (b) money order; (c) <br />cenified check, b$n1C chock, treasurer's check ar cashier's check, provided any such t is drawn upon <br />an institurion whose deposits are insured by a feder~ agency, in~r~.antaIity or entity; or (d) Electmnie <br />Ponds TYansfer. Upon xeinsratement by Borrower, this Security Yustrutnent and obligations secured hereby <br />~~~'"tlnisieis;~"~/ <br />®6SNE) rooosi PseR,+ of is ®® Fo-m 3028 1/Q~ <br />
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