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201008469
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Last modified
11/12/2010 4:43:11 PM
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11/12/2010 4:43:11 PM
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DEEDS
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201008469
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2oioos4s� <br />There may be only one designated notice address under this Security Instrument at ainy one time. Any <br />notice to Lendec shall bc given by delivering it ar by rnailing it by first class mail to Lender' s address <br />stated hetein unless Lender has designated another address by notice to Sonower. Any notice in <br />connection with this Security Instrument shall not be deemed to have bcen given to Lender unt�l actually <br />received by Lender. If any notica required by this Security I�strument is alsa required undet' Applicabl,e <br />Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security <br />Instrtrment. <br />�6. Govennin�g Law; Severability; Rules of Construction. This 5ecurity Ins�urnent shall be <br />governe�i by federal law and the law of the jurisdiction in which the Property is located. All rights and <br />abligarions contained in thia Security Insbrument aze subject to any raquirements and limitations of <br />Applicable Law_ Applicable Law might explicitly ar implicitly allaw the parties to agree by contract ar it <br />rnight be silent, but such silence shall nat be constxved as a prohibiri�n against agreemeant by contract. In <br />the event that any provision or clause of this Security Instrument or the Note conflicts with Applicable <br />Law, such canflict shall not affect other provisions of this Security Tnstrument or the Note which can be <br />given effect witb�out the conflicting pruvision. <br />As used in this Security Inst�rument: (a) words of the masculine gender shall mean and include <br />correspanding neuter words ar words of the feminine gende�r; (b) words in the singular sha11 nnean and <br />include the plural and vice vecsa; and (c) th.e word "may" gives sole discxetion wiithout any obligation to <br />take any action. <br />17. Borrower's Capy. Borrovver shall be given one copy of the Note and of thia Security Instrument. <br />1$. Transfer of the Property or a Beneficial Interest in Borrower. As used in tl�is Section 18, <br />"Interest an the Property" means any legal ar beneficial interest in the Property, including, but not limited <br />to, those bene�rcial interests transferred in a bond for deed, contract for deed, installment sales contract or <br />escraw agreement, the intent of which is the transfer of ritle by Borrower at a future date to a purchaser. <br />If all or arny part of the Property or any Interest in the Property is sold or transfecred (ar if Bor�rower <br />is nat a natural person and a beneficial interest in Borruwer is sold or transferrad) without Lender' s prior <br />written consent, Lender may require immediate payment in full of all sums secured by this Security <br />Inst�vment. However, this option shall not be exercised by Lender if such e�cercise is prohibited by <br />Applicable Law. <br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall <br />provide a pe�.od of not less than 30 days from the date the notice is given in accordance with Secl 15 <br />within which Borrower must pay all surns secured by this Security Inst�vment. 1£ Borrower fails to pay <br />these surns priar to the expiration of this period, Lender may invoke any remedies permitted by this <br />Security Instnunent without further notice or demand on Borrower. <br />19, Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, <br />Borrower shall have the right to have enforcement of this Security Instrurnent discontinued at any time <br />prior to the earliest of (a) �ive days �efore sale of the Property pursuant to any power of sale contained in <br />this Security Instrument; (b) such other period as Applicahle Law might specify for the texmination o� <br />Borrower's rigbt to reinstate; or (c) entry of a judgment enfarcing this Security Instrument. Those <br />conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security <br />Instrumerit and the Note as if no acceleration had occurred; (b) cures any default of any other covenants or <br />agreements; (c) pays all expensea incurred in enforcing this Security Inst�vment, including, but not limited <br />to, reasonable attorneys' fees, property inspect�ian and valuation fees, and other fees incut�'ed for the <br />purpose of protecting Lender' s interest in the Property and rights under this Security Instrument; and (d) <br />takes such action as Lender may reasonably require to assure that Lender' s interest in the Property and <br />rights under this Security Instrument, and Borrower's obligation ta pay tha sums secured by t.his Security <br />Tnstrument, shall cantinue unchanged. Lender may require that Borrower pay such reinstatement sums and <br />expenses in one or more of the following forn�s, as selected by Lender: (a) cash; ('b) money arder; (c) <br />certified check, bank che�k, treasurer' s check or cashier' s ch�k, provided any such check is drawn upon <br />an institution whose deposits are insured by a federal agency, inslxumentality or enrity; or (d) Electronic <br />Funds Transfer. Upon reinstatement by Barrower, this Security It�smunent and obligations secured hereby <br />shall xerxaaain fully effective as if no acceleratron had occurred. However, this right to reinstate ahall not <br />apply in the case of acceleration under Section 18. <br />220d068229 D V6ANE <br />NEFJF2ASKA - Single Family - Fannle Mae/Freddie Mac UNIFORM INSTRUMFTIT WITH <br />�-aa�Nq,oe�o� Paga i i of 15 Initlela: � Form 3D28 1/01 <br />�> <br />
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