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201104304
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Last modified
6/8/2011 4:17:49 PM
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6/8/2011 4:17:49 PM
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DEEDS
Inst Number
201104304
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�Q��04304 <br />16. Waiver. By exe�ising any remedy available to Lender, Lender does not give up any rights to ]ater use any other remedy. By not <br />exercising any remedy upon Borrower's default, Le�nder daes not waive any right to later consider the event a default if it happens again. <br />17. Joint and Several Liabllity; Co-signers; Successors and Assigns Bound. All duries under tlus deed of trust are joint and several. Any <br />Borrower who casigns t6is deed of trust but does not co-sign tUe underlying debt inshuments(s) do� so only to grant and convey that <br />Borrower's interest in the property to the Tmstee under the terms of ttris deed of trust. In addition, such a Borrower agrees that the Lender and <br />any other Borrower under tlus deed of trust may extend, modify or make any other changes in the terms of tlus deed of trust or the secured debt <br />without that Borrower's consent and without releasing that Borrower from the terms of this deed of m►st. <br />The duties and beaefits of tlris deed of Uust shall bind and benefit the successors and assigas of Lender and Borrower. <br />18. Notice. Unless othemise required by law, any notice to Borrower shall be given by delivering it or by mailing it by certified mail <br />addressed to Borrower at the pmperiy address or any other address that Borrower has given to Lender. Borrower will give any nofice to Lender <br />by certified mail to Lender's addr�s on page 1 of this deed of Uvst, or to any other address, which Lender has designated. Any other notice to <br />Lender shall bc sent to Lender's address as stated on page 1 of this deed of hvst. <br />Any notice shall be deemed to have been given to Borrower or Lender when given in the manner stated above. <br />19. Transfer of the Property or a Beneflclal Intereat in the Borrower. ff all or any part of the property or any interest in it is sold or <br />Uansf�rred without the I.ender's prior written consent, Lender may demand immediate payment of the securad debt. Lender may also demand <br />immediate payment if the Borrower is not a natural peison and a beneficial interest in the Borrower is sold or transferred. However, Lender may <br />not demand payment in the above situations if it is prolu'bited by federal law as of the date of this deed of Uust. <br />20. Reconveyance. When the obligation secured by tlris dced of rivst has been paid, and Lender has no further obligation to make advances <br />under the instruments or agreements secured by this deed of tmst, the Tr�stee shall, upon written request by the Lender, reconvey the tYUSt <br />pmperty. The Lender shall deliver to the Borrower, or to Borrower's successor in interest, the trust deed and the note or other evidence of the <br />obligation so satisfied. Borrower shall pay any recordadon costs. <br />21. Successor Trustee. Lender, at Lender's option, may remove Tnistee and appoint a successor trustee by first, mailing a copy of the <br />substitution of hvstee as required by applicable law, and then, by filing the substiturion of trustee for r�ord in the office of the register of deeds <br />of each county in which the hust property, or some part thereof, is situated The successor hvstee, without conveyance of the pmperty, shall <br />succeed to all the power, duries, authority and title of the Tn�sttee named in the deed of tiust and of any successor hustee. <br />y <br /> � <br />� <br />J <br />
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