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201008633
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Last modified
11/18/2010 4:35:33 PM
Creation date
11/18/2010 4:35:32 PM
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DEEDS
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201008633
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201008633 <br />'Tb�ere rnay be only one designat�d natice addr�ss under this 5e�urity Inst�rrurnent at any one time. Any <br />notice ta Lender shall be given by delivering it or by mailing it by first class mail to Lender's address <br />stated hexein unless Lender has designat� another address by notice to Borrower. Any notice in <br />connection with this Security Instirrument shall not be deemvd to have b�n given to Lender until acrually <br />re�eived by Lender. If any natice required by this Security Instxurnent is also required under Applicable <br />Law, the Applicable Law requirennent will satisfy the correspanding requirement under this Security <br />Instrutrient. <br />16. Governing Law; Severability; Rules of Construction. This Security Instrument s�all be <br />governed by federal law and the law of the jurisdiction in which thc Property is located. .All rights and <br />obligations contained in this Security Instrument are subject to any requireme�ats and limitations of <br />Applicable Law. Applicable Law might explicitly or implicitly allaw the parties to agree by contract or it <br />might be silent, but such silence shall nat be construed as a prohibition against agreement by contract. 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 af�'ect other pravisions of this Security Instrurnent or the Note which can be <br />given effect without the conflicting provision. <br />As used in this Security Instrument: (a) words nf the masct�line gender sha11 mean and include <br />corcesponding neuter words or wards of the feminine g�ndex; (b) words in the singular shall mean and <br />include the plural and vice versa; and (c) the word "may" gives sole discretian without any obligation to <br />take any action. <br />17. Borrower' a Copy. Borrowe�r shall be given one copy of the Note and of thia Security Instivment. <br />18. Transfer of the Properiy or a Ben�cial Interest in Borrower. As used in this 5ection 18, <br />"Interest in the Property" rneans any legal or beneficial interest in the Property, including, but not limited <br />to, those beneficial intere.qts transferred in a band for dead., contract for deed, installment sales con�act or <br />escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. <br />If �ll vr any part of the Property or any Interest in the Property is sold or transferr� (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 />Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by <br />Applicable Law. <br />If Lencier exercises this option, Lender shall give Borrower notice of acceleration. The notice shall <br />provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 <br />within which Borrawer must pay all sunns secured by this Security Instrument. If Borrower fails to pay <br />these sunns prior to the expiration of this period, Lender xnay invoke any remedies pernutted by this <br />Security Inst�vment without further notice ar demand on Borrower. <br />19. Barrower's Right to Reinstate After Acceleration. If Borrower mects certain conditions, <br />Borrower shall have the right to have enforcemcnt of this Security Instrument discontinued at any time <br />priar to the earliest of (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 to reinstate; or (c) entry of a judgment enforcing this Secunity Instrunnent. Those <br />conditions are that Bc�rrower: (a) pays Lender all sums which then would be due under this 5ecurity <br />Instrument and the Note as if no acceleration had occurred; (b) cures any default of any other covenants or <br />agre�ments; (c) pays all expenses incuired in enforcing this Security �nstrument, including, but not limited <br />to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for the <br />purpose of prote�ting Lender' s interest in the Property and rights undcr this Security Insirurnent; and (d) <br />takes such action as Lender may reasonably xequixe to assure that Lender' s interest in the Property and <br />rights under this 5ecurity in.atru_ment, at�d Borrower's obligation to pay the sums se�ured by this Security <br />Instrument, shatl continue unchanged. Lender may r�uire ihat Borrawer pay such reinstatement sums and <br />expensea in one or mcare of tk�e following forms, as selected by Lender: (a) cash; (b) money order; (c) <br />certified check, bank check, treasurer' s check or cashier' s checic, pravided any such check ia drawn upon <br />an institution whose deposits are insure�i by a fecieral agency, inslrumentality or entity; ox (d) Electronic <br />Funds Trat�sfer. Upon reinstatement by Borrower, this Security Instruinent and obligatians secured heraby <br />sha11 remain fully effective as if no acceleration had occurred. Hawever, thia right to reinstate shall not <br />apply in the case of acceleration under Section 18. <br />2200070924 D V6ANE <br />N�SKA - 5fngle Family - Fannla Mae/Freddla Mac UNIFORM IN57RUMENT WIl"H ERS <br />�-BA(Nq �os� o� pee• i i or i fi Inldala: � Form 3028 1/01 <br />c� <br />
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