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201002490
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201002490
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Last modified
4/14/2010 4:20:52 PM
Creation date
4/14/2010 4:20:51 PM
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DEEDS
Inst Number
201002490
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~. ~ M~ <br />t <br />201002490 <br />There may be only one designated notice address under this Security Instrument at any one time. Any <br />notice to Lender shall be given by delivering it or by xnaiiing it by first class mail to Gender's address <br />stated herein uniesx Lender has designated another addresx by notice to Borrower. Any notice in <br />connection with this Security Irrstrttmertt shall not be deemed to have been given to Lender until actually <br />received by Lewder. If any notice required by this Security Instrument is also required under Applicable <br />Law, the Applicable Law requirement will satisfy the corresponding requirem;en;t under this Security <br />Instrurr~nt. <br />Id. Governing Law; Severabllfty; Rules of Construction. This Security Instrument shall be <br />governed 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 lirtritations of <br />Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract or it <br />might be silent, but such silence shall not be construed as a prohibition against agreetx~ut by contract. In <br />the event that any provision or clause of this Security Instrument or the Nvte conflicts with Applicable <br />Law, such conflict shall not affect nther provisions of this Security Instrument or the Note which can be <br />given effect without the conflicting provision. <br />As used in this Security Instrument; (a) words of the masculine gender shall mean and include <br />corresponding neuter words ar words of the feminine gender; (b) wards in the singular shall mean and <br />include the plural attd vice versa; and (c) the word "tray" gives sale discretion without any abligativn to <br />take any action. <br />17. Borrower's Copy. Harrower shall be given one Dopy of the Nate and of this Security Instruunent. <br />1$. Tra,nssfer of the Property ar a Beneficial Ingest in Borrower. As used in this Section 18 <br />"Interest in the Property" mans any legal or bet~ficial interest in the Property, including, but not limited <br />to, chase beneficial interests transferred iar a bond for deed, contract for deed, installntcnt sales contract or <br />escrow ag t, the intent of which is the transfer of title by Borrower at a future date to a purchaser, <br />If ail oar an part of the Property or any Interest in the Property is sold ar transfczrcd (or if Borrower <br />is not a naarral 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 ail earns secured by this Security <br />fit. However, this option shall not be exercised by Lender if such exercise is prohibited by <br />Applicable Law. <br />If Leader exercises this option, Lender shall give Borrower notice of acceleration. The notice shall <br />provide a period of not less than SU days from the date the notice is given in accordance with Section 1S <br />''Within which Borrower must pay all earns secured by this 5eeurity Instrument. If Borrower fails tv pay <br />these sums prior tv the expiration of this period, Lender may invoke any remedies permitted b3' this <br />Security Instruntend without tlrrther ttotiae ar demand on Harrower. <br />X9, Borrovvar's Right to Reinstate After Acceleration. If Borrower meets certain condidons, <br />Borrower shall have the right to have eaforcetttent of this Security Insttutnent disrontinued at any time <br />prior to the earliest a ; (a) five days before sale of the Property pursuant to any power of sale contained in <br />this Security Instrument; (b) such other period as Applicable Law might specify for the termination of <br />Borrower's right i4 reinstate,• or (c) entry of a judgment enforcing this security Instrument. Those <br />conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security <br />Instrument and the Note as if na acceleration had accurr+ed; (b) cures any default of~any other cvvepants or <br />agreem~earts; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited <br />ta, reasonable attorneys' fees, property inspection and valuation fees, aad other fees incurred far the.. <br />purpose of protecting Lender`s interest is the Property and rights under this Security Instrument; and (d) <br />tapes such action as Lender may reasonably r~uire to assure that Lender's interest in the Property and <br />rights undo' this Security Instrument, and Borrower's obligation to pay the sums secured by this Security <br />Instrument, shall continue unchanged. Lender may require that Horrower pay such reinstatement sums and <br />expenses in one or ~re of the following farms, as selected by Lender: (a) cash; (b) rrrvney order: (c) <br />certified check, bank check, tr,easurer's check or cashier's dreck, provided arty such check is drawn upon <br />an institution whose deposits are insured by a faders,] agency, instrumentality or entity; or (d) Electronic <br />Funds Transfer. Upon reitistatemem by Borrower, this Security Instrurnetrt and obligations secured hereby <br />~mnw.:~_ <br />tt'~-6~tMt:i tooost•o+ P.y. ++ or +s Form 302t; 1101 <br />
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