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201009092
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Last modified
12/7/2010 3:23:44 PM
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12/7/2010 3:23:44 PM
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DEEDS
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201009092
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2�1009092 <br />ac�eleration has occurred, reinstate as provide� in Section 1.9, by caus�ing tlie adion or proceeding to be <br />dasmissed with a ruling that, in L�ender's judgment, pr�cludes forfeiture of the Propetty or other material <br />impaint�ent af Lender's interest in the Property ar rights under thia Security InsUtvment. The proceads of <br />any award or claim for damages that arc attributable ta the impairment of L.ender's interest in the PropertY <br />are hereby assigned and shall be paid W Lcndcr. <br />All Miscellaneous Proceeds that are npc applied to reswration or repair of the Property s1�a11 he <br />applied in Che order provid�l for in Section 2. <br />12. Borrow� Not Rel�d; For�earance By Lender Not a Waiver. Ext�nsion af the time for <br />paymient or nnodification of amartization af the sums secured by tlus Security Iz�strumcnt granted by I.ender <br />to Borrower or any Successor in I�aterest of Borrower sha11 not aperate to relea�e the liability of Borrower <br />ar any Successors in Interest of Borrovver. Lendcr shall nat be required to co�ce proce�dings against <br />amy Successor in Interest of Borarower or to refuse to extend tira� for payment or otherwise modify <br />amortixation of the surns secured by this Security Instruxt�ent by reaaon of any dernand made by the ar�ginal <br />Borrower ox any S�cces.sors in Interest of Borrower. Any forbearance by I.endcr in exercising any right or <br />remedy including, without limitatian, I.ender's acc�tance of payme�ts from third persons, entaties or <br />Succes.gors in Ynterest af Horrower or in amounts less than the amount the� due, shall not be a vt+aiver of or <br />preclude the exercise of any right or remedy. <br />13. Joint and Several Liability; Co�signens> gncoe�or� auq�d qssig�s Bound. Borrower covenants <br />and agt�ees that Horrower's obligations and liability shall b� joint and aeveral. However, any Borrower who <br />co-si$ns this Security Inst�uiraent but does not execute the Note (a "casigner"): (a) is co-signing Chis <br />Security Instnunent only to mortgage, graint and canvey the co-signer's irnerest in the Property under the <br />tern�s of this Se�urity Instrument; (b) is not personally obligated to pay the surns secured by this Secuzity <br />Instrument; and (c) agrees that Lender and any other Barrower can agree ta extend, �dify, farbear or <br />make any accommodations with r�gard to the terms of this Security Instrument or the Nate withput the <br />co-sig�r's consent. <br />S�►bject W the provisions of 5ec�ion 1$, any S�sar in Tnter�st of Borrower wha assumes <br />Borrower's obligations under this 5ecrtrity Ixastn�n�t in wnitimg, aud is approved by Lender, sha(1 obtain <br />all of Borrower's rights and bene�ts undcr this Se.cYU�ity Instrume�►t. Bormwer shall nat be released from <br />Bornower's obligations and liabiliry under tfus Se�urity Ins�xt unless Lender agrees to such release in <br />writing. The covenants and agree�ments of this Security InsUvnnent shall 'bind (except as provided in <br />Section 20) and benefit the succ�ssors and assigns of �x;nder. <br />14. I.oan Charges. I.endcr may charge Borrower fe�s for scrvices performed in conn�ction with <br />Borrower's default, for the pwpose of protecting L.ender's intexest iti the Property and rights under this <br />Security Ir�strument, including, but nat limited to, attorineys' feES, property inspection and valuation fe�.s. <br />In regard to any other fc�s, the abse�ce of e.xpress authoriry in this S�urity I�nt to charge a s�pecific <br />fec to Borravver sbal,l not be constn�ed as a pmhibition on the charging of str�h fee. I�der may not charge <br />fces that arc eapressly �rahibitsd by this Security Instrurnent or by Applicable Law. <br />If the L�oan is subject W a law which �ets m�innum laan charges, and t6at law is �inapy interpreted so <br />that the interest or other loan cbarges collected ar to be colle�ted in counecCi�n with t�e L,o�n exceed the <br />permitted limiits, then: (a) any s�h loan charge shall be reduced by the at�auount necessary to reduce the <br />charge to the permitted limit; and (b) anY sums already collected firom Barrower which ea�ceedcd pemutted <br />lixnits will be refttr�de� to Borrower. L.emder may choose ta nnalce this refund by reducing the priacipal <br />owed undcr the Note or bY malpin8 a dire�t payment to Borrower. If a refund reduces principal, the <br />reduction will be treated as a partial prBpayme�t without any prePaYme�t c�arSe (whether or not a <br />P�Y�t charge is provided for under th� Note). Borrowcr's acceptance of any such refund' made by <br />direct pa�+mcnt ta 8arrower will constitute a waiver of any right of �tion Horrowcr might have arising out <br />of such overcl�arge. <br />15. Notloea. AIl ru�tices given by Sorrower or �,tder in co�ian with thi$ Security InstruYnent <br />must be in vc+riting. A,ny notice to Borrower in connection with this Security �t s�hall be deented to <br />have been given to Horrower whe�n mailed by first class marl or when actually delivered to Borrower's <br />notice addm�ss if scnt by other mcans. Naace ro any nne Boz�rawer shall canstitute notice to all �arrowcrs <br />unless Applicable Law expressly requires otherwise. The notice addt+ess shall be tbe Property Address <br />unless Bormwer has designate� a substitate �tice addre�s by notice to Lendor. Horrower shall promptly <br />notity L.cnder of Horrower's change of address. If Lender s�ecifies a procedure for repoRing Borrower's <br />changc of address, then Bornuwer shall only report a change of address thxoug� that spcc,ified prace�ure. <br />NEeRA►8KA - Single Family - Fann� pAea/Fr�ddie Mae UNIFORM INSTRUMENT <br />�-BINE) loettl � P�, �o or �s ir�ueW.� Form 30Z8 1/p7 <br />
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