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96107002
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96107002
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Last modified
3/11/2012 11:00:40 AM
Creation date
10/19/2005 4:01:27 PM
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DEEDS
Inst Number
96107002
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�_ r��i1�I�"f:S..'; ..O�rYltMi�b)ib}H/1M.l..a...� , .. .. <br /> rr-N�w�.-.�w;r-� _ <br /> ., <br /> "' ���.........�....� ..-. _- �"_'_—'_' '" _ _ <br /> _' _,S_ . � R,��.'—_____" .. . . . ... . . ....—a �� _. <br /> _. <br /> , . .. � .. - ....-�_ _ ... <br /> payn�ents nwy nu lo��er br. rec�uirecl. ut�he optinn of l.encle�-.If n�urtgagcs insucaneu cnveruge(IP(fl5e rntnoiii�t u�ixl f'ur tii�riiKl - <br /> thut i,ender oequires)pmvl�lsd by an inxurer wpprova3 by L.cnder ugain bccomes available s�xl is ohtainal. &irrc►wcr xlu�ll p�y <br /> the pr�miums reyuinx!to main��in nxutgagc I��surance in�fFi�ct,or tu pnivlde u losy rescrva,untll thc�requirrm�nt far cnohgrgC <br /> insuranc�e enu.lii�.c;�rdan::.with cny wri�t:n a�ati:r.s�s:t�!�Mn Borrowtr and I.��uier or wpplic�blc Iww. ___ <br /> 9, I�tsprcllun. [.e�xfcr or +ts agent may�tu�kc rcasa►wble rnMes upnn and lns{x�ctinns of thc Property. I.cnJer shall give <br /> &xrawer ratice rt the lime uEor pri��r to ru�in�pesUon specit'yfng rensonabic cause ior fiic iu+��tiuu. °'- <br /> 10� Canekn�n�tion. 'The praeCds of Nny award or claim for dam�ges. direct or cnnwequential. in eonnsction wilh any <br /> condemnatton or other tnking uf wny part of�hp 1'ropeny,or for conveyarxe in Ileu aP c;wixleomaUc�n, At� hcrcby agsignctl and <br /> chx11 bs paid to l.ender. <br /> In the event of s total taking of tlx Prapsrly,the procec�ds shall be a�lial to ehe sums sec;urecl by tlds Security Insrru►rnnt, <br /> whcthtr or r►crt tben due, v�i�h�u�y txasg paid to Borrower. In tt►e event of s�pariial tuking of thc Pmperiy in which tlrc fair <br /> rtuirket value af the Property immedis►tely beforo the taking is cqual to or greater than the w,►cw�it uf tl�e sunu Secuzed by this <br /> Socurity I�utrument i�runediately before the t�king,unless Barrowcr a�xl Ltinder atherwise agrec in writing. the aums secur�cd by <br /> this Socurity Instrument shnll be raiucecS by the umount a£th�s pnoeeu�s multiplia! by the fallowing frwctian: (a) tt►a totRl <br /> arrKwnt of tl�c sums secured immedi�rtety bofore the taking. divickd by (b) the fair merket value of the Property immodiat:ly <br /> beforc tlu teking. Any bal�nca shall be pai� to Horrower. In the event of a paninl taking af thc Property in whir,h the fiir - <br />: m�ricet value of the Prope�ty immediately befara the taking is fess than the�mount of the sumc sec�rrod imnwdi�tely beforG the <br /> t�ng, �!�!�s�Ekx!?nwe.r nnct[.ender wherwlsc agree in writing ar unless applicablo!�w alxrai.se provide3, thc procetd9 shal! <br /> be appliad to d�c sums socund by this Security lnstrument wtxther or oot the sums ar,c then due. <br /> If the Property is�bundonrd by Bocrower,or if.aRer notioe by Lerxler to Borrower tk�at the condemnor offeis to malce�n <br /> award ur seltle a cleim for dsmeges. 8orrawer fails to restpond to Lender within 30 duys aftcr tr�e date the notice is given, <br /> i.enc�cr is authorized to culloct pnd�pply the pr�ocoeds.at its uption,either to rostoration or repair of the Property or to the sums <br /> scxurod by this 5e�urity Instrument,whet�xr or not then due. <br /> iJnless Lende.r and Borrower otherwise agrx in writing. any application of procetjds ta principal sluill not extend or <br /> postp�rs�trhe due date of the mor►thly payments rcfcrrai to in puagraphs 1 and�or change the arnount of such payments. <br /> � 11:$ocrower Not ReleRSed;Forbearxnce By LerMkt Not a Waiver.Exten�Iun of the time for payment ar modification <br /> of axnortixelion uf Rhe sums securod by this Security Instrument granted by Lender to any successor in int�r+ast of Aon�ower shalt <br /> not.operate to relGase the liability of the oriEinal&►rrower or Bormwer's successors in interest. Lender shall not bc roquired to <br /> rnmmence nmomdinas a¢ainst anv sucQessar in interest or refuse to cxte�xl time for payment or othenvise modify amortization <br /> of tlk+ sums sec+!red by this Security Inattument by rrason of any demand made b� the original Horrow�r or �atrowe�'s <br /> succossca�orn interest. Any forbe��w�ce by I.ender in exercising any right or remedy shall iat be a waiver of or preclude the <br /> cxerGise of���ny ria6t or remody. <br /> 12. Successors �Rd AsBi�ns Uound; Joint wW Several l.iab9�ity; Co-signers. Thc cnvenants azxf agrccmenu of this <br /> Soc�triry Instniment sha1� thind and bcnefit the succcssors and assigas of I,cnd�T and Bo►r+ower. subject to the provisions of <br /> pu�pgnph 17. Sorrower's cav�n�Ms and egroeme:nts shatl bc joint arxl sovcral. Any Borrower who casigns this Security <br /> lmtn►merit but does not execute the Nnte: (a) is co-signing th[s Socurity Instrunxnt anly to mortgage, gnnt and oonvay thet <br /> Aorrowor's interest iR the Properry under the terms af this Sa�►rity Instcu►neni;(b)is not persona(ly obligat�d to pay the sums <br /> .. ,socunxi by this Socurity Insr.ument; and(c)agras that I.ender and any other Borrower may agc�ee to exirnd,modify, forbca�or <br /> .t:u�ke any accommodatians witl►agard to the terme s�iF+t}i�y Security Inst+vment or�tpe Note witktout that Borrawer's consent. <br /> ' ' I3,,�.o�n CMr�e,+. If the loan sceurod by thi�;_aecurity Instrument is sub,�ect.�a a 1Rw which sets mAxlewm loan ctwrges. <br /> and chtX�tanv is fim{ly interpc�ted so that the inter+e�t or other lnAn chruges col�e�toel or to be coliectad in oonnection with the <br /> Ioan exaxd the permined limits,thrn:(.a)any such loan charga shnll:be roducai by the arta+lnt naxssuy to rodua t��e c:lYrtge <br /> to ihe pemuttod limit;�nd(b) any sums•a�reacly collected fmm DoiroWer whi�h.�exoetded pennittai limit�will be retLn�lt:d to <br /> Borrower. Lxnder may choosc to malce.'�ls refuRd.by rodueing tbc princi�l<o�yed under the Note or by malcing a dirxt <br /> pa�yma►t to Hormw�r. It e refund ratu�es p�ms.iQ��l-, the,ralu�tion wi13 be�tnatsd as a partial p�tpaynoent widx�ut�nny <br /> P!'+�Y�chuge uader the Mote. �.�: � . <br /> Z�f.Nntkes.Any ratice tn Bortawor provided for in this:iaurity Instrument shull be given by delivering it or by sn�i.ling <br /> it•by first clsu mail unless applicable lavv requires use of another methad.The nc�tice shall be diroctad to the Eh+o�erty,�;�lilress <br /> or�any other address Borrower designates by noticc to I.onder. Any notice to Lender shall be given by first c�ats��i"'vil to <br /> l,erxkr's sddrds st�ted henin or eny othcr addnss I.ender designates by notice to Borrower. Any noticG p.ro��ldai for,in this <br /> Securiry.�n�scrumcnt shall be doemed to h�vt boen given ta Bonawcx br C,ender when given as provided irt this pangcap�t; �, <br /> L�:�wpverning I.aw; SeveraMldRy. This Security Instru�n�ut sh�ll be govemed by��fedcral law and the Ww� af the <br /> jurisdictiod in which the Properry is'•luc�tod. In the event that a�grovision or clause of tbis 5xurity Irut�umcnt or t�t Notc <br /> conflicts with applicable law,such coriflict shall not affect other provisions of this 5ecurity Instrument or the Note which can be _ <br /> g�ven etfoct without the conflicting pmvision. To tl:is end the provisians of this Securicy Instrument and the Alote are declaz�ed <br /> to be stverable. <br /> 1P�,.,Alprrowet's Copy.�onower Rhall bo given one confornxxl copy of the Note a�M of this Security Instrumcnt. <br /> . • Form 3028 9/90 <br /> vp.4 of a <br />
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