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201008143
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201008143
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Last modified
11/2/2010 3:25:34 PM
Creation date
11/2/2010 3:25:33 PM
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DEEDS
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201008143
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2oioosl4j <br />There may be only one designated notice address under this Security Instrument at any one timc:. Any <br />notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's adc�'ess <br />stated herein unless Lender has designated another address by notiee to Borrower. Any notiee in <br />ccmnection with this Security Ii�strument shall not be deemed to have been given to Lcnder until actually <br />reccived by Lender. Tf any notice required by this Security Instrument is also requir�d under Applicable <br />I,aw, the Applicable Law requirement will satisfy thc carresponding requiremcnt under this 5ecurity <br />Instrument. <br />16. Governing Law; Severability; 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 />abligations contained in this Security Instrumcnt are subject to any requirements and limitations of <br />Applicable Law. Applicable Law mi�ht explicitly or implicitly allow the parties to agree by cantract or it <br />might be silenC, but such silence shall not be construed as a prohibition against agreement hy cantract. In <br />the event that any provision or clause of this Security Instrument ar the Note conflicts with Applicable <br />Law, such conflict shall not affect other provisions of this Secarity 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 m�an and include <br />corresponding neuter words ar words of the feminine gender; (b) words in the singular shall mean and <br />include the plural and vice versa; and (c) the word "may" gives sole discretion withaut any obligation to <br />take any action. <br />17. Borrower's Copy. Borrower shall be given one copy of the Note and of this Security Instrument. <br />18. Transfer of the Property or a Beneticial Interest in Borrower. As used in this Section 18, <br />"Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited <br />to, those beneficial interests transferred in a band for deed, contract for deed, installment sales contract or <br />escrow agreemcnt, the intent of which is the transfer of title by Borrower at a future date to a purchaser. <br />Tf all or any part of the I'roperty or any Inierest in the Property is sold or transferred (or if Barrower <br />is not a natural person and a beneficial intcrest in Borrower is sold or transferred) without Lender's prior <br />written consent, I�ender may require immcdiate payment in full of all surns secured by this Security <br />lnstrument. Hc�wever, this option slaall nat be exercised by Lender if suc11 exercise is prohibited by <br />Applicable I.aw. <br />If Lender exercises this option, Lender shall give I3orrower nocice of acceleratic�n. Tl�e notice shall <br />provide a period of not I�ss than 30 days from the date the notice is given in accordance with Section 15 <br />within which Borrowcr must pay 711 sums secured by this Security Instrument. If Borrawer fails to pay <br />these sums prior to the expiration of this period, Lend�r may invoke any remedics permitted by this <br />Security lnstrument wittiaut further notice or demand on IIorrawer. <br />19. Borrower's I2ight to Reinstate After Acceleration. If Borrower meets ccrtain coi�ditions, <br />l�arrower shall have the ri�;ht ta have enforcement of this Security Instrument discontinued at any time <br />prior to the earliest of: (a) five days before sale of the Froperty pursuant ta any power of sale contained in <br />this Security Instrument; (b) such other period as Applicable Law might specify for the terminatian of <br />I�orrower's right to reinstatc; or (c) entry of a judgment enforcing this Security Instrument. Those <br />conditions are that Borrawer: (a) pays Lender all sums which then wauld be due under this Sc;curity <br />Instrument and the Note as if no acceleration had occurred; (b) cures any default of any other covenants or <br />agrccments; (c) pays all expenst;s incurred in enforcing this Security Instrument, including, but not limited <br />tc�, rcasonable attorneys' fecs, praperty inspection and valuation fees, and other Fees incurred for the <br />purposc of protecting Lender's intc:rest in the Property and rights under this Security lnstrument; and (d) <br />tak�;s such action as Lender may reasonably require to assure that Lender's interest in the Property and <br />rights under this Security Instrument, and Barrower's obligation to pay the sums secured by this Sccurity <br />Instrument, shall continue unchanged. Lender may requir� that Borrower pay such reinstatement sums and <br />expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) maney order; (c) <br />certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon <br />an institution whose depasits are insured by a federal agency, instrumentality or entity; or (d) �lectronic <br />Funds Transfer. Upon reinstatement by Borrower, this Security Instrument and obligations secured hereby <br />�-6(NE) �oao��.az <br />� <br />P�e 11 of 15 <br />� <br />� � <br />! � <br />1111056077 <br />Form 3A28 11D1 <br />
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