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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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2010Q9Q92 <br />There may be oWy one designated notice address und�r this Security Tnstnunent at any one time. Any <br />notice to Lender shall be give� by delivering it or by nnailing it by frrst class mail to I.ender's address <br />state� hercin unl�ss Le�nder has designated a�ther address by notice ta Bo�owet. Any notice in <br />conrectian with this Security Instnm�ent sball z�t be deemed w tiave been givea� to I.ender until act�ally <br />receive� by I.er�der. If any notice roquired by tlus Security Instrument is also required under Applicable <br />I.aw, the Applicable Law �uirensent will aatisfy the corn,sponding requir�t under this 5ecurity <br />Tnsbrunpdent. <br />16. Govearn�ipg Law; Severability; Rnles af Co�vcHon. Tb�is Security Insttvment shall be <br />govern�d by federal law and the law of the jurisdiction in which the Property is located. All rights and <br />obligations containcd in this 5e�urity Instnunent are subject ta any req�ts and limitatians of <br />Applicablc ,[.,aw. Applicablc L,aw might �plicitly or innplici�tly allow the parties to agree by contract or it <br />a�night be sil�nnt, but suc� silence shall not be consw�d as a prohibition agaitast agreement by con,cract. In <br />the evr;nt that any provision or clause of this Security lnstrument ox the Nate conflicts with Applicable <br />I.aw, such c.anflict shall not affect other provisions of t�is Security Instru�nent or the Notc which can be <br />given eff�ct without the conflicting provision. <br />As used in tltis 5e�urity Instrument: (a) words of the rnasculine gender shall mean and include <br />conresponding neuter words or wards of the ferninine gend�r; (b) wards in the singular shall ;t�ean and <br />include thc plural and vice versa; and (c) the word "may" gives sole discretian without any obligation to <br />take any action. <br />17. Borrow�'s Copy. Barrower shall be given one copy af the Nous and of thra Seeurity Instnunent. <br />18. Tranef� o[ the P,ro�erly or a Benefidal Ltt�rest in Borrower. As used in this Section 18, <br />"Interest in th� Property" means any legal or be�eficial ianterest in the Fraperty, including, but not limited <br />to, thase bene�cial interests transferred in a bond for deed, enntract for deed, installment sales oontract or <br />escara'w agre�ea�t, the intent of which is the transfer of title by Borrower at a future datc co a purchaser. <br />If all or any parc of the PropeRy or any Interest in ths P'r�perty is sold or tt�ansferted (or if Hpr�rower <br />is not a natural person and a beneficial inte�st in Bornowear is sold or transferred) without �ender's prior <br />written consent, I.end�r may r�qu.i,re immediate payme�t in full of all swns secured by this Security <br />Instnu�nent. However, this optiax� shall not be exercised by L,ender if st�c.h e��ercise is prohibited by <br />Applicable Law. <br />If I.ender ea�ercises this option, Lender shall give Borrowe,� notice of acceleration. The natice shall <br />provide a period of not less than 3Q days from the date th� r�tice is given in accardance with Section l5 <br />within which Borrower mpst pay all sums se�urod by this Security I�nstn�ment. If Horrower fails to pay <br />these sums prior to tha expiration of this period, L,e�der may invoke any rer�dies permitted by this <br />Secucity T�nstn�nt without further noticc or demand on Horrower. <br />19. Borrower's Right ta Reinstate Atlber Arceleradon. If Borrower m�ets certain conditions, <br />Borrow�r shall hav� the right to have �forc�nent of thia Security Inatnma�ent discontinued at auy time <br />prior to the carliest of: (a) five days bcfore sale of the Prnperty pursuant to any pawer of sale oontained in <br />this Security Instrument; (b) such oth� period as Applicable Law might speccify for the terminatio�n of <br />Borrower's right to reinstate; or (c) e�ntry of a judgme�t enfo�ing this Sec�urity Instrument. Those <br />caxxditions are that Bormwer: (a) pays l.ender all sums which then would be dr�e under this Security <br />Instnunent and the Not� as if � accelcration had occ�ure�; (b) cau+es any default af any other arvenants ar <br />a8�; ��) p�Ys all expenaes incurred in enforcung this 58curity lnswment. including, but nat limiterl <br />to, reasonable attorneys' fee.s, property inspe�tion anKl valuation fees, and other fces incurred far the <br />Puxpose af prote�ting I.enGder's interest in the PropeRy and rights w�der tbis Security Instrutnent; aud (d) <br />tak,es such action as Lender may r�asonably require to assure that Lender's interest in the Property and <br />rights under this Security Inatrument, aud Borrower's obligatio� to pay tl� sums secured by this Sacurity <br />Instn�ne�nt, shall contin� unchanged. I.ender m$y require th�at Horrower pay such reinstate�nt sums and <br />expPanses in oae or more of the fallpwing forms, as selected by [.ender: (a) cash; (b) money order: (c) <br />certi�fied checl� bank chack, treasurer's check or cashier's check, provided any such check is drawn upon <br />an institution whose dcpaaits are insured by a federal agency, instnu�ntaliry or entity; or (d) IIectronic <br />Funds Tt�nsfer. Upon reinstat�ment by Borrower, this Security Instnunent and obligations secur�i hereby <br />� ASKA - Sin�le Family - Fannis Mae/Freddl� Mac UNIFORM INSTRUMENT� <br />-81NE) �oe � � 1 �e �� m � 6 1 Form 30�8 1/01 <br />
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