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201008466
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201008466
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Last modified
11/12/2010 4:26:42 PM
Creation date
11/12/2010 4:26:41 PM
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DEEDS
Inst Number
201008466
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2010084G6 <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 rnailing it by �irst class mail to Lender's address <br />stated herein unless Lender has designated another address by notice ta Borrower. Any notice in <br />connection with this Security Tnstrument shall not be deemed to have been give� to Lznder until actually <br />received by Lender. If any anotice required by this Security Instrument is alsa required under Applicable <br />Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security <br />Instrument. <br />16. Governing Law; Severability; Rales of Construction. This Security Instrument shall be <br />gaverned by federal law and the law of the jurisd'zction in which the Praperty is located. All rights and <br />obligations contained in this Security Tnstrument are subject to any requirements and limitations of <br />Applicable Law. Applicable Law mught explicitly or implicitly allow the parties to agree by contract or iC <br />might be silent, but such silence shall not be construed as a prohibition against agreement by contract. In <br />the event that any pravisian or clause of this Security Instrurnent or the Note conflicts with Applicable <br />Law, such conflict shall not affect other 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) wards of the masculine gender shall mean and include <br />corresponding neuter vvords 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 "rnay" gives sole discretion without any obligation to <br />take any action. <br />17. Borrower's Copy. Borrower shall be given one copy of the Note arxd of this Security Instrument. <br />18. Transfer of the Property or a Bene�cial Interest in Borrower. As used in this Sectian 1$, <br />"Interest in the Property" rneans any legal or bene�cial interest in the Property, including, but not lirnited <br />to, those berne�cial interests transferred in a bond for deed, contract for deed, installment sales contract or <br />escrow agreernent, the intent of which is the transfer of title by Borrower at a future date to a purchaser. <br />If all or any part of the Praperty ar any Interest in the Property is sold or transferred (or if Borrower <br />is not a natural person and a bene�cial interest in Borrower 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 />Instnunent. Howevear, this option shall not be exercised by Lender if such exercise is prohibite.d by <br />Applicable Law. <br />If I.ender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall <br />provide a period af not less than 30 days frorn the date the notice is given in accardance with Section 15 <br />within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay <br />these swns prior to the expiration of this period, Lender may invoke any remedies pemvtted by this <br />Security Instnunent without further notice or demand on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. Tf Horrower meets certain conditions, <br />Borrower shall have the right ta have enforcernent of this Security Instnunent discontinued at any time <br />prior to the earliest of: (a) �ve days before sale of the Property pursuant to any power of sale co:ntained in <br />this Security Instrument; (b) such other period as Applicable l,aw might specify for the termination of <br />Borrower's right to reinstate; or (c) entry of a judgrnent enforcing this Security Instrument. Those <br />conditions are that Barrower: (a) pays Lender all sums which then would be due undar this Security <br />Instnunent and the Note as if no acceleration had occurred; (b) cures any default of any other covenants or <br />agrcernents; (c) pays all expenses incurred in enforcing this Security Instnunent, including, but not limited <br />to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for the <br />purpose of protecting Lender's interest in the Property and rights under this Security Instaru.ment; axxd (d) <br />takes such action as Lender rnay reasonably require to assure that Lender's interest in the Property and <br />rights under this Security Instrurnent, and Borrower's obligation to pay the sums secured by this Security <br />Instrurnent, shall continue unchange.d. Lender may require that Borrower pay such reinstatement sums and <br />expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) <br />certi�ed check, bank check, treasurer's check ar cashier's check, provided any such check is drawn upon <br />an institution whose deposits are insure�l by a federal agency, instrunr�entality or entity; or (d) Electronic <br />�'unds Transfer. Upon reinstatement by Borrower, this Security Instrument and obligations secured hereby <br />Initisls: <br />�-BG�NE) 100o51.ot �age ii of i5 Form 3028 1/01 <br />m <br />,;���r' ��:,, <br />�r� <br />
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