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201103196
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201103196
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Last modified
5/25/2011 8:55:00 AM
Creation date
4/28/2011 8:57:25 AM
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DEEDS
Inst Number
201103196
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201103196 <br />prohibitlon against agreement by contract. In the event that any provision or clause of this <br />Security Instrument or the Nate conflicts with Applicable Law, such conflict shall not affect <br />other provisions of this Seci�rity Instrunnent or t?ne Note which can be given effect without the <br />conflicting provision. <br />As used in this Security Instrument: (a) words of the masculine gender shall mean and <br />include conesponding neuter words or words af the feminine gender; (b) words in the singular <br />shall mean and include the plural and vice versa; and (c) the word "may" gives sole discretion <br />without any obligation to take any acHon. <br />17. Borrowar's Copy. Borrower shall be given one cvpy of the Note and of this <br />Security Instrument. <br />18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this <br />Secflon 18, "Interest in the Property" means any legal or beneflcial interest in the Property, <br />including, but not limited to, those beneflcial interests transferred in a band for deed, contract <br />for deed, installment sales contract or escrow agreement, the intent of which is the transfer of <br />title by Borrower at a future date to a purchaser. <br />If all or any part of the Property or any Interest in the Property is sold or transfened <br />(or if Borrower is not a natural person and a beneficial interest in Borrower is sold or <br />transfened} without Lender's prior written consent, Lender may require iramediate payment in <br />full of all sums secured by this Security Instrument. Howcver, this option shall not be exercised <br />by Lender if snch exercise is prohibited by applicable law. <br />If Lender exercises this opflon, Lender shall give Borrower notice of acceleration. The <br />notice shall provide a period of not less than 30 days from the date the notice is given in <br />accordan.ce with Section 15 within which Bonower must pay all sums secured by this Security <br />Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender <br />may invoke any remedies permitted by this Security Instrument without further noflce or deraand <br />on Borrower. <br />19. Borrower's Right to Reinstate After Acceleratioa, If Borrower meets certain <br />conditions, Bonower shall have the right to have enforcement of ttus Security Instrument <br />discontinued at any time prior to the earflest of. (a) five days before sale of the Property <br />pursuant to any power of sale contained in this Security Inshvment; (b) snch other period as <br />Appflcable Law might specify for the terminaflon of Bonower's right to reinstate; or (c) entry of <br />a judgment enforcing this Security Instrument. Those conditions are that Bonower: (a) pays <br />Lender all sums which then would be due under this Security Instrument and the Note as if no <br />accelerafion had occurred; (b) cures any default of any other covenants or agreements; (c) pays <br />all expenses incurred in enforcing this Security Instrument, including, but not limited to, <br />reasonable attorneys' fees, properly inspecflon and valuation fees, and other fees incurred for the <br />purpose of protecting Lender's interest in We Property and rights under this Security Instrument; <br />and (d) takes such action as Lender may reasonably require to assure that Lender's interest in the <br />Property and rights under this Security Instrument, and Borrower's obligation to pay the sums <br />secured by this Secnrity Instrument, shall continue unchanged. Lender may require that <br />Borrower pay such reinstatement sums and e�cpenses in one or raore of the following forms, as <br />selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check <br />or cashier's check, provided any sach check is drawn upon an institution whose deposits are <br />insured by a federal agency, instrumentality or entity; or (d) Electronic Funds Transfer. Upon <br />�BRA$I�i — Slogle FaWly -- Faonio MaelFtaddia Mae tIHIFO1tM INSiRUMENI' Form 30Z8 U01� e / <br />GCC - Qr3028-14 (09/Ol) (Page i4 of19) Initia]s: �� <br />
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