HB_09-031_Dorsett/McDowell

118/2009 07:39 3145872515
RIG< COWMAN
PAGE
03
fit
f A, is
xtI V
Government 1'03
LAMA Permit
le
MINOR DEVELOPMENT
e.
PERMIT
au ifilari�lsd by the State of North Carolina, Department of Environment; d imaturalAesdurces and the coastal Itesources commission for development
.11
OftVirvinmant r6nrerM purguant to Section 1:L2A 9 of tho
inelf8l StAlbutes,:-Coai Area Management"
R
Dorsett and Steve McDowell, authorizing development in the Ocean Hazard (Ocean Ef6d1o) Area,
't, issued on" ,rl
(AEG) at 1156 Ocean Blvd. West, in Holden Beach, Brunswick County. pe
.,4 ;SeofOnn.� r2lf; 2000, is subilOctt6compliance with the application and site drawing and the cofidit hq;" and
111 Wppli4abld'regUlations and special conditions and notes set forth below. Any �Iolifioh. ftei °terl ll; lrr`f ay
ittee to a fine, imprisonment or civil action, or may cause the permit to be nulland.;V014
Al
�!thgoertilt alilthorites: The construction of 621 square feet of ground level ilitficoialse0d .
dkirig (d , round level is based on the existing ground as of I he
this
Tbr0und,pdol, and install 0 barrior and ect. in accordance with Appendikb raF 1166
�W : 0
4�06ildd`.Miil Building Code Regarding Swimming pools, spas and hot tabs
X
i
�Il proposed davelQpment and associated construction must be done I.-
ftnitted
_pIrk,Iiiiat drawings dated 08/19109 and signed and sealed by Jana K. Dais.
142) ;1� All c0struction must conform to the N.C. Building Code requirements and all other ld�Idl Sa n erg
i6gul4tions, applicable local ordinances and FEMA Flood Regulations.
My change or changes in the plans for development, construction, or
land use Acl;14100: iffli. Qte a re,
eV"Ihluitiori,and modification of this permit,
k,ccio�y of this permit shell be posted or available on site. Contact this
office at, 911-841- IOD fd
fl.r lad
f6pedtioh'ht completion of work.
-:N
qi$is k-ihit Mon Mby be appealed by the peffi%ee or other qualified persons
From 0 date of an appeal yervi 20) dAys of the issuing clate. F or the
'fork'l&:lduct4.a under this permit must cease Until the appeal is resolved, 12E,
R,
UO
,ai, . on ihii project site and accessible to the pent office[ when the
�
.2 1.
I I
4 ra Ifibipect6d for compliance. Any frisintonance work or project
OMbdif ,prom16ition 'Allot further OCT 14 2009
Rhonda Zo
c6bred. Under this permit, require written permit
liewheh this permit apires, ow
kprd4. AIjJ#rk ni�ist cei; C
AL CA It-
f
OAC
DECEMBER 6, 2009 DCM WILM)Nr-� Tr-
Holden BBach,N'-
J ri; IssIdiho thit'pairmij It Is agifeed that this project. is consistent with the local Land
�.@ie 56n This be transferred to
and'all applicable ordinances. permit may not
Jiiotta� pony withbut the written approval of the Division of Coastal
(Sionaturs
required 9 a Ay
tarortrifft

�
09/18/2009 07:39 3145872515 RICK COWMAN .PAGE84

09/18/2009 07:39 3145872515
RICK COWMAN
AEC HAZARD NOTICE
FIsIn An: rojic ? : Ocean Er6diblia Area _L.�High Hazard Flood Area
; . —
io o0orty., OWn r-
!*qperIyA,ddresi
Tlns'&ticiis intended to make you, the applicant, aware of the
sprciilriskS atid,conditions associated with development in this
lea; �VW6d is s4ioci to natural hazards such as storms, erosion
4W*61&Qni8. Th'16 rules of the. (',()a.gtnl Rosonmes r.nrnmissinti
,k :youreceive anAEC hazard Notice and acknowledge
'tka notice in meriting
before a permit for development can be
ark .1s4i's-tiles on building standards, oceanfront
and dufte alterations are designed to minimize, but not
property 1o' s from hazards. >3y granting permits, the
tvsourd ' e's Commi"s : Sion does not guarantee the safety of
op men�a4, assumes to liability for future damage to
opmorit. Permits issued in the Ocean Hazard Area of
a4tal Concern include the condition that structures be
or dismantled if they become imminently threatened by
in shoreline configuration, *The structure(s) must be
1,0t dismantled within two (2), years of becoming
tly:threate
ned, and in any case upon its collapse or
PAGE 02
101611 HAzaed.Ar6a
SPECIAL NOTE: This hazard notice is required fbi:1h
in areas subject to sudden and massive sWinas and arok.0.
issued for development in this ai is expire on beremb.
third year 61.1ouring the year in -which the pexmit%s
Shortly before, work begins on the ptoject sitej.-ihe
Officer must be contacted to determine }lie vdgctajii
setback distance at your site, If the property has.isceri ' i
since the time of permit issuance, and the proposed!Y
can still meet the setback requirement, the, UP will1i
that you may begin work. Sugstaitial piogro .. m 6 . ri
must be made within 60 days of this Setback Attt fti-it'
the setback must be remeasured. Also; the bcc=en6
shoreline change as the result of a storm withiri the 66:
will necessitate remeasurement of the setback ItI.s.
that you check with the LPO before the permit q*piris:
approval to continue the work after the petibit h,
Generally, if foundation pilings have btenplade.d amid
progress is continuing, permit renewal can be:.alul
unlawful to continue work after permit expiratip
All
Theest ',b avai
lable i le information, as accepted by the Coastal P or more ormation, eontact.,
-kb1So:iirces Commission indicates that the annual long-term
overage q ocean erosion rate for the area where your property is
located is feet per year. Local PE
T.hzaiewas.estiblihedbanalysisfphotographs syoarefa) of rILL
bfihcoastline taken over the past 50 years. Address
8! '6 es also indicate that the shoreline could move as much as
fegt laiidwAid ina major st6m
Locallt
The f1bodwatB6.;in q.-major storm are predicted to be about
��fe& deep it this area. Phone N
pi-eftred protection ction measures are beach nourishment
.1.
and r6location.6f threatened structures. Hard erosion control
strucialres such as bulkheads, seawalls, tevetments, groins, jetties
irad breakwaters. ate-probibited, Temporary sand bags may be
authorized under certain conditions.
The iffiieti.irtmust acknowledge this information and requirements
bylsiguing this notice in the space below. Without the proper
applicat'onwil] be co te.
'AiMirnnt-sip6attire RtP
u ffm� c
of the
!ermit
Ie and
linage
anent
nyou
an; or

C
.AND OWNER
1 i v
Address ��(��� 2 jja 6 Phone
State A[ — Zip � p , i
City 'tom
Name
Address
State __� Zip
City
Address street name and/or directions to
LOCATION OF PROJECT,. ( D h �G
adjacentwaterbody.)
_Phone
If not oceanfront, what is the name of the
OF PROJECT' (List all proposed construction and land disturbance.)
DESCRIPTION
6�7
©o/ Coo o acres
s'o� X I e a ' square feet
SIZE OF LOT/PARCEL: —�" __ ) Commercial/Industrial
Smgle-family—� Multi -family
PROPOSED USE: Residential (
Other — OCEAN BAZARered decks)
D �,' OF ENVIRON-
ENCLOSED FLOORAREA OF BUDING IN THE
TOTAL square feet (includes all floors and roof cov
MENTAL CONCERN (AEC): ACES IN THE
OT�i g IlVIPERVIOUS OR BUILT -UPON SURF
C): square feet
SIZE OF BUILDING FOOTPRINT AND ONMENTAL CONCERN ( concrete or masonry patios,
AREAOFENNgR driveways, covered ecks,
COASTAL SHORELINE line of all buildings,
(Calculations includes the area of the-C- Attach
our calculations with the project drawing •)
etc., that are within the applicable AEC• Attach y
Les to your property: e Shoreline AEC ad scent to
Choose the AEC area that app h VJater/Norm� Water Level for the Estuarine
(1) within 75 feet of Normal Hig Water Level for the Estuarine Shoreline AEC, j 11P9
(2) witbin 575 feet of Normal High Water/Normal
Outstanding Resource Waters Water Level for the Public Trust Shoreline AEC
h Water/ Normal to your property } E C E I V E U
(3) within 30 feet of Normal High you are not slue which AEC appliesnn 1
(Contact your Local Permit Officer if y 8 .
AGEMENT PERMIT. Is the project located in an area su ctEP 2 44 0O9
STATESTORMwATERMAN Quality?
Management Permit issued by the NC Division of Water Q ti
YES NO__
—
If yes, list the total built upon agnate feet.
i area/unpervious surface allowed for your of or parcel:

PHER PERMITS MAY BE Rr, Q=1 D: The activity you are planning may require permits other than the CAMA minor develop-
int permit. As a service we have compiled a listing of the kinds of permits that might be required. We suggest you check over the list
th your LPO to determine if any of these apply to your project. Zoning, Drinking Water Well, Septic Tank (or other sanitary waste
atment system), Building, Electrical, Plumbing, Heating and Air Conditioning, Insulation and Energy Conservation, FIA Certification,
nd Dune, Sediment Control, Subdivision Approval, Mobile Home Park Approval, highway Connection, and others.
PATEMENT OF OWNERSHIP:
the undersigned, an applicant for a CAMA minor development permit, being either the owner of property in an AEC or a
ason authorized to act as an agent for purposes of applying for a CAMA minor development permit, certify that the person
-ted as landowner on this application has a significant interest in the real property described therein. This interest can be
;scribed as: (check one) p
p (� �ST� Q ! 2
an owner or record title, Title is vested in ors rot &� -Osee Deed Book
tge j I r% (, in the 13 " -S v c/� _ County Registry of Deeds.
_an owner by virtue of inheritance. Applicant is an heir to the estate of
-obate was in County.
if other interest, such as written contractor lease, explain below or use a separate sheet & attach to this application.
(OTIFICATION OF ADJACENT PROPERTY OWNERS:
furthermore certify that the following persons are owners of properties adjoining ansd t aertPP apply for aC tAMA permit.
grven
LCTUAL NOTICE to each of them concerning my intent to develop this property
(Address) C, 19D R ui
(Name) rp �1% C Ztf3�8
.J N% N�4ko� n. o flpnN ivteS
1) 1.P, 2ta�els�n �e a fin. l—vcusf Groan Va 22So�
2) r 1-fetl� 1 U �T • tt��'�
2) �f(, Sect.V'=e.rt1 !t"niuQ —
:4)
FOR DEVELOPERS IN OCEAN HAZARD AND ESTUARINE HAZARD AREAS:
( acknowledge that the land owner is aware that the proposed development is planned for an area which maybe susceptible
to erosion and/or flooding. I acknowledge that the local permit officer has explained to me the particular hazard problems
associated with this lot. This explanation was accompanied by recommendations concerning stabilization and floodproofing
techniques.
PERWSSION TO ENTER ON LAND:
I furthermore certify that I am authorized to grant and do in fact grant permission to the local permit officer and his agents to
enter on the aforementioned lands in connection with evaluating information related to this permit application.
This application includes: general information (this form), a site drawing as described on the back of this application, the
ownership statement, the AEC hazard notice where necessary, a check for $100.00 made payable to the locality, and any
information as may be provided orally by the applicant. The details of the application as described by these sources are
om
incorporated without refer nc developing any pm awn ABC without which mayt
This issued. Deviation
evil, these r minaltand administraails will tive actionte a ation
of any permit. Any person
This the �day of 0 cts 20._.
Landowner or person authorized to act as his agent for pure
ose of filing a CAMA permit application.

10
S 86'21'03" W
HB 21
X-2195614.120
Y-57273.210
R/W
R/W
Dam MEw mow.
i
ATLANTIC OOEAN
VICINITY MAP NTS
I
��•�1ry LOT 8
�J E.IRON —
e�d E.IRON N 8603'10 E X
PROPOSED• FENCE
x o WOOD DECK AREA
/ \ BAO' �/ 24150' S.00'
PROPOSED POOL
\W W000 DECK AREA
/ 50' n
.44 OECK (CANTLE ED) o 9.31'
Q 3 COVERED. OPEN
W 0mLg
/AC �w .S.F.H. M
O
Q o- /�U� ON PILINGS o m "
o o x N0.1156� n `0
Ld �o rn a Iln
z
DEGK o
0
6.46' 34.00' O1 9.28'
U Z Z
U
LOT
U �j
LOT 6
E.REB
40.26L- S 86'04'31" W
�S B6'12'09" W
OCEAN .VIEW BLVD. WEST
60' R/W
EMS
NOTES:
PROPERTY IS IN A FLOOD HAZARD AREA
FIRM INFORMATION
COMMUNITY NO. 375352
MAP NO. 3720109500 J DATED 6/2/06
ZONE VE 16.0
ELEVATION NAVD 1988
SURVEYED BY USING MAP CAB. H, PAGE 365
AND EXISTING PHYSICAL CONDITIONS
LOT AREA=4980.97 S0. FT.
LOT RECORDED 50' X 100'
TAX PRCEL 245FA03311
N GARO
OQ�QopE.ssloAr�� 'Y.y
*
i L126D
PLOT PLAN FOR
P7 A Dlmm
HOYT DORSETT
OF
LOT 6
TRACT 9
SCALE
1" _
TOWNSHIP
LOCKWO(
COUNTY
BRUN'
STATE -
N.C.
III �No sUP�/
COLONIAL BEACH
MAP CAB. H. PAGE 365
TOWN
HOLDEN
P�
'9N K.O
MAP BOOK 6, PAGE 145
DATE I
8/19/0E
JAN K. DALE
N.C. REG_ NO_ L-1250
891 COPAS RD. - SHALLOTTE, N.C.
910-754-4477
FIELD BOOK
67
L S JAN K. DALE
DRAWN BY
JKD
N.C. REG. NO. L-1250
I
DWG. N0.
99/HE

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Cb6e�ge PraVt�edJ, ...a...
atlorl
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Postage
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Return Racelpt Fee
(Endorsement
i
-�■
_M
Restrtcled .:
1.
`41
Adjacent Property Owns
Mailing Address
City, State, r Code
r "1A6,6Jsh- eoHe'"}'«r.ns
qr?�'�?F�an�Jet`s`2iorla'?ararcil&ris`
Dear Adjacent Properly:
Ale, 'r o o r" s e / " have applied for a CAMA Minor
This letter Is to inform you that I, I
Property Owner n
(�Qe �5C• In Brunswick
Permit on my propedy at 11 S 6 �property ddress
County. As required by CAMA regulations, I have enclosed a copy of my permit application and project
drawing(s) as notification of my proposed project. No action is required from you or you may sign and return
the enclosed no objection form, if you have any questions or comments about my proposed project, please
contact me at s q2 9'" 6" t.3 rf 4.. ror by mail at the address listed below. If you wish to
AppiicanPs Telephone
file written comments or objections with the Town of Holden Beach CAMA Minor Permit Program, you may submit
them to: Rhonda Wooten
Local Penult Officer for Town of Holden Beach
110 Rothschild Street
Holden Beach, NC 26462
Sincerely,
Pmperl Owner p�
Mailing Address
AP
City, State, Zip Code

Lender's address is 223 West Nash Street, Wilson, NC 27893
(D) "Trustee" is John C. Warren
(E) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is acting
solely as a nominee for Lender and Lender's successors and assigns. MERS is the beneficiary under this
Security Instrument. MERS is organized and existing under the laws of Delaware, and has an address and
telephone number of P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS.
(F) "Note" means the promissory note signed by Borrower and dated as of the date hereof
The Note states that Borrower owes Lender Six Hundred Five Thousand and No/100
Dollars
(U.S. $ 605, 000. 00 ) plus interest Borrower has promised to pay this debt in regular Periodic
Payments and to pay the debt in full not later tits[[ February 1, 2035
(G) "Property" means the property that is described below under the heading "Transfer of Rights in the
Property
(H) "Loan" means the debt evidenced by, the Note, plus interest, any prepayment charges and late charges
due under the Note, and all sums due under this Security Instrument, plus interest
(1) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following
Riders are to be executed by Borrower [check box as applicable]:
® Adjustable Rate Rider ❑ Condominium Rider ® Second Home Rider
❑ Balloon Rider ❑ Planned Unit Development Rider ❑ 1-4 Family Rider
❑ VA Rider ❑ Biweekly Payment Rider ❑ Other(s) [specify]
(.D "Applicable Law" means all controlling applicable federal, state and local statutes, regulations,
ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final,
non -appealable judicial opinions.
(K) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other
charges that are imposed on Borrower or the Property by a condominium association, homeowners
association or similar organization.
(L) "Electronic Funds Transfer" means any transfer of funds, other thane transaction originated by check,
draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument,
computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an
account. Such term includes, but is not limited to, point -of -sale transfers, automated teller machine
transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers.
(M) "Escrow Items" means those items that are described in Section 3.
(N) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by
any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i)
damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any pan of the Property;
(iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or
condition of the Property.
(0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the
Loan.
(P) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the
Note, plus (ii) any amounts under Section 3 of this Security Instrument
(Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) and its
implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time,
or any additional or successor legislation or regulation that governs the same subject matter. As used in this
Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard
DOC q:523822 APPL N:7000508818 LOAN t1:6612600676
In11191s:
(M®6A(NC) (0207) Page 2 of 16 Form 3034 1/01

to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan"
under RESPA.
(R) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not
that party has assumed Borrower's obligations under the Note and/or this Security Instrument.
TRANSFER OF RIGHTS IN THE PROPERTY
The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors
and assigns) and the successors and assigns of MERS. This Security Instrument secures to
Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and
(u) the performance of Borrower's covenants and agreements under this Security Instrument and the
Note. For this purpose, Borrower irrevocably grants and conveys to Trustee and Trustee's successors and
assigns, in trust, with power of sale, the following described property located in the
County of Brunswick
[Type of Recording Jurisdiction] [Name of Recording Jurisdiction]
BEING all of Lot Six, TroLct 9, Colonial Beach, according to a survey plat
for Beach Development Corporation, prepared by Jan K. Dale, R.L.S., recorded
13 September 1976, in Map Cabinet H at Page 365 of the Brunswick County
Registry, to which reference is made and which is incorporated herein for
greater certainty of description.
Parcel ID Number: 245FA03311 which currently has the address of
1156 Ocean Blvd West [Street]
Holden Beach [City], North Carolina 28462 [Zip Code]
("Property Address"):
TO HAVE AND TO HOLD this property unto Trustee and 'Trustee's successors and assigns, forever,
together with all the improvements now or hereafter erected on the property, and all easements,
appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also
be covered by this Security Instrument All of the foregoing is referred to in this Security Instrument as the
"Property." Borrower understands and agrees that MERS holds only legal title to the interests
granted by Borrower in this Security Instrument, but, if necessary to comply with law or custom, MERS (as
nominee for Lender and Lender's successors and assigns) has the right: to exercise any or all of those
interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action
required of Lender including, but not limited to, releasing and canceling this Security Instrument.
BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has
the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of
record. Borrower warrants and will defend generally the title to the Property against all claims and demands,
subject to any encumbrances of record.
DOC 11:523823 APPL #:7000508818 OAN #:6612600676
Inlllaln
-6A(NC) t02071 Paga 3 of 15 �� Form 3034 1101

THIS SECURITY INSTRUMENT combines uniform covenants for national use and non -uniform
covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real
property.
UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges.
Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any
prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items
pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S.
currency. However, if any check or other instrument received by Lender as payment under the Note or this
Security Instrument is retumed to Lender unpaid, Lender may require that any or all subsequent payments
due under the Note and this Security Instrument be made in one or more of the following forms, as selected
by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check,
provided any such check is drawn upon an institution whose deposits are insured by a federal agency,
instrumentality, or entity; or (d) Electronic Funds Transfer.
Payments are deemed received by Lender when received at the location designated in the Note or at
such other location as may be designated by Lender in accordance with the notice provisions in Section 15.
Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring
the Loan current. If Borrower has breached any covenant or agreement in this Security Instrument and Lender
has accelerated the obligations of Borrower hereunder pursuant to Section 22 the Lender may accept any
payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or
prejudice to its rights to refuse suchpayment or partial payments in the future, but Lender is not obligated to
apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its
scheduled due date, then Lender need not pay interest on umapplied funds. Lender may hold such unapplied
funds until Borrower makes payment to bring the Loan current. If Borrower does not do so within a
reasonable period of time, Lender shall either apply such funds or return them to Borrower. If not applied
earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to
foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve
Borrower from making payments due under the Note and this Security Instrument or performing the
covenants and agreements secured by this Security InsuumenC
2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments
accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the
Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to
each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied rust to
late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal
balance of the Note.
If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a
sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and the
late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from
Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in
full. To the extent that any excess exists after the payment is applied to the full payment of one or more
Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be
applied fast to any prepayment charges and then as described in the Note.
Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the
Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments.
3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under
the Note, until the Note is paid in full, a stun (the "Funds") to provide for payment of amounts due for: (a)
taxes and assessments and other items which can attain priority over this Security Instrument as a lien or
encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums
for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance premiums, if any,
or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in
accordance with the provisions of Section 10. These items are called "Escrow Items." At origination or at any
time during the term of the Loan, Lender may require that Community Association Dues, Fees, and
Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item.
DOC #:523024 APPL #:7000508818 j.QAN #:6612600676
Initlale•��\ ��(r/�
(MDm6A(NC)(0207) Page 4e115 / o—?5o jU Form3034 1/01

Borrower shall promptly furnish to Lender all notices of amounts to be paid under this Section. Borrower
shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay the Funds
for any or all Escrow Items. Lender may waive Borrower's obligation to pay to Lender Funds for any or all
Escrow Items at any time. Any such waiver may only be in writing. In the event of such waiver, Borrower
shall pay directly, when and where payable, the amounts due for any Escrow Items for which payment of
Funds has been waived by Lender and, if Lender requires, shall fumish to Lender receipts evidencing such
payment within such time period as Lender may require. Borrower's obligation to make such payments and
to provide receipts shall for all purposes be deemed to be a covenant and agreement contained in this Security
Instrument, as the phrase "covenant and agreement' is used in Section 9. If Borrower is obligated to pay
Escrow Items directly, pursuant to a waiver, and Borrower fails to pay the amount due for an Escrow Item,
Lender may exercise its rights under Section 9 and pay such amount and Borrower shall then be obligated
ander Section 9 to repay to Lender any such amount. Lender may revoke the waiver as to any or all Escrow
Items at any time by a notice given in accordance with Section 15 and, upon such revocation, Borrower shall
pay to Lender all Funds, and in such amounts, that are then required under this Section 3.
Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply
the Funds at the time specified under RESPA, and (b) not to exceed the maximum amount a lender can
require under RESPA. Lender shall estimate the amount of Funds due on the basis of current data and
reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable Law.
The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality,
or entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home
Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time specified under
RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually analyzing the
escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and
Applicable Law permits Lender to make such a charge. Unless an agreement is made in writing or Applicable
Law requires interest to be paid on the Funds, Lender shall not be required to pay Borrower any interest or
earnings on the Funds. Borrower and Lender can agree in writing, however, that interest shall be paid on the
Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds as required by
RESPA.
If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to
Borrower for the excess funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as
defined under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to
Lender the amount necessary to make up the shortage in accordance with RESPA, but in no more than 12
monthly payments. If there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall
notify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up
the deficiency in accordance with RESPA, but in no more than 12 monthly payments.
Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to
Borrower any Funds held by Lender.
4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions
attributable to the Property which can attain priority over this Security Instrument, leasehold payments or
ground rents on the Property, if any, and Community Association Dues, Fees, and Assessments, if any. To the
extent that these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
Borrower shall promptly discharge any lien which has priority over this Security Instrument unless
Borrower. (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to
Lender, but only so long as Borrower is performing such agreement; (b) contests the lien in good faith by, or
defends against enforcement of the lien in, legal proceedings which in Lender's opinion operate to prevent the
enforcement of the lien while those proceedings are pending, but only until such proceedings are concluded;
DOC p:523825 APPL H:7000508818 _ _LOAN #:6612600676
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®6A(NC) to2o» Pages of 15 ,U �^p ( Form 3034 1/01

or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this
Security Instrument. If Lender determines that any part of the Property is subject to a lien which can attain
priority over this Security Instrument, Lender may give Borrower a notice identifying the lien. Within 10
days of the date on which that notice is given, Borrower shall satisfy the lien or take one or more of the
actions set forth above in this Section 4.
Lender may require Borrower to pay a one-time charge for a real estate tax verification and/or reporting
service used by Lender in connection with this Loan.
S. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the
Property insured against loss by fire, hazards included within the term "extended coverage," and any other
hazards including, but not limited to, earthquakes and floods, for which Lender requires insurance. This
insurance shall be maintained in the amounts (including deductible levels) and for the periods that Lender
requires. What Lender requires pursuant to the preceding sentences can change daring the term of the Loan.
The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's right to
disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require
Borrower to pay, in connection with this Loan, either. (a) a one-time charge for flood zone determination,
certification and tracking services; or (b) a one-time charge for flood zone determination and certification
services and subsequent charges each time remappings or similar changes occur which reasonably might
affect such determination or certification. Borrower shall also be responsible for the payment of any fees
imposed by the Federal Emergency Management Agency in connection with the review of any flood zone
determination resulting from an objection by Borrower.
If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance
coverage, at Lender's option and Borrower's expense. Lender is under no obligation to purchase any
particular type or amount of coverage. Therefore, such coverage shall cover Lender, but might or might not
protect Borrower, Borrower's equity in the Property, or the contents of the Property, against any risk, hazard
or liability and might provide greater or lesser coverage than was previously in effect Borrower
acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of
insurance that Borrower could have obtained. Any amounts disbursed by Lender trader this Section 5 shall
become additional debt of Borrower secured by this Security Instrument These amounts shall bear interest at
the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender
to Borrower requesting payment
All insurance policies required by Lender and renewals of such policies shall be subject to Lender's
right to disapprove such policies, shall include a standard mortgage clause, and shall name Lender as
mortgagee and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal
certificates. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and
renewal notices. If Borrower obtains any form of insurance coverage, not otherwise required by Lender, for
damage to, or destruction of, the Property, such policy shall include a standard mortgage clause and shall
name Lender as mortgagee and/or as an additional loss payee.
In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may
make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in
writing, any insurance proceeds, whether or not the underlying insurance was required by Lender, shall be
applied to restoration or repair of the Property, if the restoration or repair is economically feasible and
Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to
hold such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the work
has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly.
Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress
payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires
interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest
DOC 0:523826 APPL q:7000508818 e_ „r.OAN q':6612600676
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M-6A(NC) (0207) Page 6 of 16 7K5-,t'? voJnk Form 3034 1/01

or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not
be paid out of the insurance proceeds and shall be the sole obligation of Borrower. If the restoration or repair
is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied
to the sums secured by this Security Instrument, whether Or not then due, with the excess, if any, paid to
Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2.
If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim
and related matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance
carrier has offered to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will
begin when the notice is given. In either event, or if Lender acquires the Property under Section 22 or
otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount
not to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Borrower's
rights (other than the right to any refund of unearned premiums paid by Borrower) under all insurance
policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender
may use the insurance proceeds eitherto repair or restore the Property or to pay amounts unpaid under the
Note or this Security Instrument, whether or not then due.
6.Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence
within 60 days after the execution of this Security Instrument and shall continue to occupy ,the Property as
Borrower's principal residence for at least One year after the date of occupancy, unless Lender otherwise
agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances
exist which are beyond Borrower's control.
7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not
destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property.
Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent
the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to
Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if
damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in
connection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or
restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds
for the repairs and restoration in a single payment or in a series of progress payments as the work is
completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property,
Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration.
Lender or its agent may make reasonable entries upon and inspections of the Property. If it has
reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give
Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause.
g. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process,
Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or
consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to
provide Lender with material information) in connection with the Loan. Material representations include, but
are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal
residence.
9. Protection of Lender's Interest in the Property and Nights Under this Security Instrument. If
(a) Borrower fails to perform the covenants and agreements contained in this Security Instrument, (b) _there is
a legal proceeding that might significantly affect Lender's interest in the Property and/or rights under this
Security Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for
enforcement of a lien which may attain priority over this Security Instrument or to enforce laws or
regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is
DOC #:523827 APPL #:7000508818 LOAN #:6612600676
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(M•6A(NC) (0207) Pago 7 of 15 �t/-^ �'p� Form 3034 1/01
® b

reasonable or appropriate to protect Lender's interest in the Property and rights under this Security
Instrument, including protecting and/or assessing the value of the Property, and securing and/or repairing
the Property. Lender's actions can include, but are not limited to: (a) paying any stuns secured by a lien which
has priority over this Security Instrument: (b) appearing in court; and (c) paying reasonable attorneys' fees to
protect its interest in the Property and/or rights under this Security Instrument, including its secured position
in a bankruptcy proceeding. Securing the Property includes, but is not limited to, entering the Property to
make repairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate
building or other code violations or dangerous conditions, and have utilities turned on or off. Although
Lender may take action under this Section 9, Lender does not have to do so and is not under any duty or
obligation to do so. It is agreed that Lender incurs no liability for not taking any or all actions authorized
under this Section 9.
Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower
secured by this Security Instrument These amounts shall bear interest at the Note rate from the date of
disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting
payment
If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease.
If Borrower acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender
agrees to the merger in writing.
10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan,
Borrower shall pay the premiums required to maintain the Mortgage Insurance in effect' If, for any reason,
the Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that
previously provided such insurance and Borrower was required' to make separately designated payments
toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to obtain coverage
substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent to
the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate mortgage insurer
selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall
continue to pay to Lender the amount of the separately designated payments that were due when the insurance
coverage ceased to be in effect Lender will accept, use and retain these payments as a non-refundable loss
reserve, if permitted under Applicable Law, in lieu of Mortgage Insurance. Such loss reserve shall be
non-refundable, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be
required to pay Borrower any interest or earnings on such loss reserve, if permitted under Applicable Law.
Lender can no longer require loss reserve payments if Mortgage Insurance coverage (in the amount and for
the period that Lender requires) provided by an insurer selected by Lender again becomes available, is
obtained, and Lender requires separately designated payments toward the premiums for Mortgage Insurance.
If Lender required Mortgage Insurance as a condition of making the Loan and Borrower was required to
make separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the
premiums required to maintain Mortgage Insurance in effect, if permitted under Applicable Law, or to
provide a non-refundable loss reserve, until Lender's requirement for Mortgage Insurance ends in accordance
with any written agreement between Borrower and Lender providing for such termination or until termination
is required by Applicable Law. Nothing in this Section 10 affects Borrower's obligation to pay interest at the
rate provided in the Note.
Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it may
incur if Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance.
Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and may
enter into agreements with other parties that share or modify their risk, or reduce losses. These agreements are
on terms and conditions that are satisfactory to the mortgage insurer and the other parry (or parties) to these
agreements. These agreements may require the mortgage insurer to make payments using any source of funds
that the mortgage insurer may have available (which may include funds obtained from Mortgage Insurance
premiums).
As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any
other entity, or any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that derive
from (or aught be characterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange
for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreement provides that an
affiliate of Lender takes a share of the insurer's risk in exchange for a share of the premiums paid to the
insurer, the arrangement is often termed "captive reinsurance." Further:
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(M®6A(NC)(0207) Page8ol18 ��^ J Form 3034 1/01

(a) Any such agreements will not affect the amounts that Borrower has agreed to pay for
Mortgage Insurance, or any other terms of the Loan. Such agreements will not increase the amount
Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refund.
(b) Any such agreements will not affect the rights Borrower has - if any - with respect to the
Mortgage Insurance under the Homeowners Protection Act of 1998 or any other law. These rights may
include the right to receive certain disclosures, to request and obtain cancellation of the Mortgage
Insurance, to have the Mortgage Insurance terminated automatically, and/or to receive a refund of any
Mortgage Insurance premiums that were unearned at the time of such cancellation or termination.
11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby
assigned to and shall be paid to Lender.
If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the
Property, if the restoration or repair is economically feasible and Lender's security is not lessened. During
such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds until
Lender has had an opportunity to inspect such Property to ensure the work has been completed to Lender's
satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay for the repairs and
restoration in a single disbursement or in a series of progress payments as the work is completed.
Unless an agreement is made in writing or Applicable Law requires interest to be paid on such
Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings on such
Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security would be
lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument,
whether or not then due, with the -excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be
applied in the order provided for in Section 2.
In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous Proceeds
shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if
any, paid to Borrower.
In the event of a partial taking, destruction, or loss in value of the Property in which the fair market
value of the Property immediately before the partial taking, destruction, or loss in value is equal to or greater
than the amount of the sums secured by this Security Instrument immediately before the partial taking,
destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the sums secured by this
Security Instrument shall be reduced by the amount of the Miscellaneous Proceeds multiplied by the
following fraction: (a) the total amount of the sums secured immediately before the partial taking, destruction,
or loss in value divided by (b) the fair market value of the Property immediately before the partial taking,
destruction, or loss in value. Any balance shall be paid to Borrower.
In the event of a partial taking, destruction, or loss in value of the Property in which the fair market
value of the Property immediately before the partial taking, destruction, or loss in value is less than the
amount of the sums secured immediately before the partial taking, destruction, or loss in value, unless
Borrower and Lender otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums
secured by this Security Instrument whether or not the sums are then due.
. If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the Opposing
Party (as defined in the next sentence) offers to make an award to settle a claim for damages, Borrower fails
to respond to Lender within 30 days after the date the notice is given, Lender is authorized to collect and
apply the Miscellaneous Proceeds either to restoration or repair of the Property or to the stuns secured by this
Security Instrument, whether or not then due. "Opposing Party" means the third party that owes Borrower
Miscellaneous Proceeds or the party against whom Borrower has a right of action in regard to Miscellaneous
Proceeds.
Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in
Lender's judgment, could result in forfeiture of the Property or other material impairment of Lender's interest
in the Property or rights under this Security Instrument. Borrower can cure such a default and, if acceleration
has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a
ruling that, in Lender's judgment, precludes forfeiture of the Property or other material impairment of
Lender's interest in the Property or rights under this Security Instrument. The proceeds of any award or claim
for damages that are attributable to the impairment of Lender's interest in the Property are hereby assigned
and shall be paid to Lender.
All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied
in the order provided for in Section 2.
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��6A(NC)lozo7l Page 9o116 /�� �p� Form 3034 1/01

16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed
by federal law and the law of the jurisdiction in which the Property is located. All rights and obligations
contained in this Security Instrument are subject to any requirements and limitations of Applicable Law.
Applicable Law might explicitly or implicitly allow the parties to agree by contract or it might be silent, but
such silence shall not be construed as a prohibition against agreement by contract. In the event that any
provision or clause of this Security Instrument or the Note conflicts with Applicable Law, such conflict shall
not affect other provisions of this Security Instrument or the Note which can be given effect without the
conflicting provision.
As used in this Security Instrument (a) words of the masculine gender shall mean and include
corresponding neuter words or words of the feminine gender; (b) words in the singular shall mean and
include the plural and vice versa; and (c) the word "may" gives sole discretion without any obligation to take
any action.
17. Borrower's Copy. Borrower shall be given one copy of the Note and of this Security Instrument.
18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18,
"Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited to„
those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow
agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser.
If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is
not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written
consent, Lender may require immediate payment in full of all sums secured by this Security Instrument.
However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law.
If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall
provide a period of not less than 30 days from the date the notice is given in accordance with Section 15
within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these
sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security
Instrument without further notice or demand on Borrower.
19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions,
Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time prior
to the earliest of. (a) five days before sale of the Property pursuant to any power of sale contained in this
Security Instrument; (b) such other period as Applicable Law [night specify for the termination of Borrower's
right to reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those conditions are that
Borrower: (a) pays Lender all sums which then woudd.be due under this Security Instrument and the Note as
if no acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all
expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys'
fees, property inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's
interest in the Property and rights under this Security Instrument and (d) takes such action as Lender may
reasonably require to assure that Lender's interest in the Property and rights under this -Security Instrument,
and Borrower's obligation to pay the sums secured by.this Security Instrument, shall continue unchanged.
Lender may require that Borrower pay such reinstatement sums.and expenses in one or more of the following
forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or
cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal
agency, instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this
Security Instrument and obligations secured hereby shall remain fully effective as if no acceleration had
occurred. However, this right to reinstate shall not apply in the case of acceleration under Section 18.
20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in the
Note (together with this Security Instrument) can be sold one or more times without prior notice to Borrower.
A sale might result in a change in the entity (known as the "Loan Servicer") that collects Periodic Payments
due under the Note and this Security Instrument and performs other mortgage loan servicing obligations
under the Note, this Security Instrument, and Applicable Law. There also might be one or more changes of
the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan Servicer, Borrower will be
given written notice of the change which will state the name and address of the new Loan Servicer, the
address to which payments should be made and any other information RESPA requires in connection with a
notice of transfer of servicing. If the Note is sold and thereafter the Loan is serviced by a Loan Servicer other
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-6A(NC) tozo7t Page 11 oils
o /�„r 75" jrA Form 3034 1101

than the purchaser of the Note, the mortgage loan servicing obligations to Borrower will remain with
the Loan Servicer or be transferred to a successor Loan Servicer and are not assumed by the Note purchaser
unless otherwise provided by the Note purchaser.
Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an
individual litigant or the member of a class) that arises from the other parry's actions pursuant to this Security
Instrument or that alleges that the other party has breached any provision of, or any duty owed by reason of,
this Security Instrument, until such Borrower or Lender has notified the other party (with such notice given in
compliance with the requirements of Section 15) of such alleged breach and afforded the other party hereto a
reasonable period after the giving of such notice to take corrective action. If Applicable Law provides a time
period which must elapse before certain action can be taken, that time period will be deemed to be reasonable
for purposes of this paragraph. The notice of acceleration and opportunity to cure given to Borrower pursuant
to Section 22 and the notice of acceleration given to Borrower pursuant to Section 18 shall be deemed to
satisfy the notice and opportunity to take corrective action provisions of this Section 20.
21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances" are those
substances deemed as toxic or hazardous substances, pollutants, .or wastes by Environmental Law and the
following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and
herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials; (b)
"Environmental Law" means federal laws and laws of the jurisdiction where the Property is located that relate
to health, safety or environmental protection; (c) 'Environmental Cleanup" includes any response action,
remedial action, or removal action, as defined in Environmental Law; and (d) an "Environmental Condition"
means,a condition that can cause, contribute to, or otherwise trigger an Environmental Cleanup.
Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous
Substances, or threaten to release any Hazardous Substances, on or in the Property. Borrower shall not do,
nor allow anyone else to do, anything affecting the Property (a) that is in violation of any Environmental
Law, (b) which creates an Environmental Condition, or (c) which, due to the presence, use, or release of a
Hazardous Substance, creates a condition that adversely affects the value of the Property. The preceding two
sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous
Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of
the Property (including, but not limited to, hazardous substances in consumer products).
Borrower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit or
other action by any governmental or regulatory agency or private party involving the Property and any
Hazardous Substance or Environmental Law of which Borrower has actual knowledge, (b) any
Environmental Condition, including but not limited to, any spilling, leaking, discharge, release or threat of
release of any Hazardous Substance, and (c) any condition caused by the presence, use or release of a
Hazardous Substance which adversely affects the value of the Property. If Borrower learns, or is notified by
any governmental or regulatory authority, or any private party, that any removal or other remediation of any
Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial
actions in accordance with Environmental Law. Nothing herein shall create any obligation on Lender for an
Environmental Cleanup.
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®6A(NC) (0207) Page 12 a115 ,y/Jc jplL,_ Form 3034 1/01

NON -UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following
Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to
acceleration under Section 18 unless Applicable Law provides otherwise). The notice shall specify: (a)
the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the date
the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the
default on or before the date specified in the notice may result in acceleration of the sums secured by
this Security Instrument and saleof the Property. The notice shall further inform Borrower of the right
to reinstate after acceleration and the right to assert in the foreclosure proceeding the non-existence of
a default or any other defense of Borrower to acceleration and sale. If the default is not cured on or
before the date specified in the notice, Lender at its option may require immediate payment in full of all
sums secured by this Security Instrument without further demand and may invoke the power of sale
and any other remedies permitted by Applicable Law. Lender shall be entitled to collect -all expenses
incurred in pursuing the remedies provided in this Section 22, including, but not limited to, reasonable
attorneys' fees and costs of title evidence.
If Lender invokes the power of sale, and if it is determined in a hearing held in accordance with
Applicable Law that Trustee can proceed to sale, Trustee shall take such action regarding notice of sale
and shag give such notices to Borrower and to other persons as Applicable Law may require. After the
time required by Applicable Law and after publication of the notice of sate, Trustee, without demand
on Borrower, shall sell the Property at public auction to the highest bidder at the time and place and
under the terms designated in the notice of sale in one or more parcels and in any order Trustee
determines. Lender or its designee may purchase the Property at any sale.
Trustee shall deliver to the purchaser Trustee's deed conveying the Property without any
covenant or warranty, expressed or implied. The recitals in the Trustee's deed shall be prima facie
evidence of the truth of the statements made therein. Trustee shaft apply the proceeds of the sale in the
following order: (a) to all expenses of the sale, including, but not limited to, Trustee's fees of
Five (5.00) % of the gross sale price; (b) to all sums secured by this Security Instrument;
and (c) any excess to the person or persons legally entitled to it. The interest rate set forth in the Note
shall apply whether before or after any judgment on the indebtedness evidenced by the Note.
23. Release. Upon payment of all sums secured by ,this Security Instrument, Lender. or Trustee shall
cancel this Security Instrument If Trustee is requested to release this Security Instrument, all notes evidencing
debt secured by this Security Instrument shall be surrendered to Trustee. Borrower shall pay any recordation
costs. Lender may charge Borrower a fee for releasing this Security Instrument, but only if the fee is paid to a
third party for services rendered and the charging of the fee is permitted under Applicable Law.
24. Substitute Trustee. Lender may'from time to time remove Trustee and appoint a successor trustee
to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument
is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and
duties conferred upon Trustee herein and by Applicable Law.
25. Attorneys' Fees. Attorneys' fees must be reasonable.
DOC #:323833
(M�6A(NC) (0207)
APPL #:7000508818
Page 13 0116
NOOAn
Initlale•
#:6612600676
Form 3034 1/01

BY SIGNING UNDER SEAL BELOW, Borrower accepts and agrees to the terns and covenants
contained in this Security Instrument and in any Rider executed by Borrower and recorded with it.
Witnesses:
DOC #:323834
(Seal)
-Borrower
(Seal)
-Borrower
(Seal)
-Borrower
7;�L ,�" s ,J—/ (Seal)
Hassell S McDowell -Borrower
Q'i
eal)
y P cDowell Borrower
(see)
HdFt N Dorsett -Borrower
1
Pry =4364
L
WUWAWWW.W,IQi1
APPL #:7000500818
_ (Seal)
-Borrower
LOAN #:6612600676
®OA(NC) (0207) as#a 14 of 16 Form 3034 1/01

NOTICE OF FILING
OF APPLICATION FOR
CAMA MINOR DEVELOPMENT
PERMIT NOTICE
Pursuant to NCGS 113A-119(b),
Town of Holden Beach, a locality
authorized to issue CAMA permits
in Areas of Environmental concern,
hereby gives NOTICE that on August
31, 2009, applicant Linda and Hoyt
Dorsett, Judy and Hassell McDowell
applied for a CAMA permit to install
a below ground pool, wood decking
at existing ground level and fence at
1156 Ocean Boulevard West.
The application may be inspected at
the below address. Public comments
received by September 18, 2009, will
be considered. Later comments will
be accepted and considered up to the
time or permit decision. Project mod-
ifications may occur based on further
review and comments. Nonce of the
permit decision in this matter will be
provided upon written request.
Rhonda Wooten
Local CAMA Permit Officer
110 Rothschild Street
Holden Beach, NC 28982
(910)8426080
Sept.3
11 OCT - 8 2009
I1
^tl
STATE OF NORTH CAROLINA
COUNTY OF BRUNSWICK
AFFIDAVIT OF PUBLICATION
Before the undersigned, a Notary Public of said County, and State,
duly commissioned, qualified, and authorized by law to administer
oaths, personally appeared
Scott R. Harrell
who, being first duly sworn, deposes and says: that he is
Publisher
(Owner, partner, publisher, or other officer or employee
authorized to make this affidavit)
of The Brunswick Beacon, a newspaper published, issued, and en-
tered as periodical mail in the Town of Shallotte in the said County
and State; that he is authorized to make this affidavit and sworn state-
ment; that the notice or other legal advertisement, a true copy of
which is attached hereto, was published in The Brunswick Beacon
on the following date(s):
September 3, 2009
and that the said newspaper in which such notice, paper document
or legal advertisement was published, was at the time of each and
every such publication, a newspaper meeting all the requirements
and qualifications of Section 1-597 of the General Statutes of North
Carolina and was a qualified newspaper within the meaning of Sec-
tion 1-597 of the General Statutes of North Carolina.
This the 3rd day of September, 2009.
(Sig ature of person making affidavl[)
Sworn to and subscribed before me this 3rd day of Septem-
ber, 2009.
....0 ... ...��z.......
V (Notary Public)
RECEIVED
My commission expires: December 29, 2009. OCT 14 2009
DCM WILMINGTON, NC

STATE OF NORTH CAROLINA,
I, F'osftr—
a Notary Public of the County of
certify that Hassell S McDowell,
Dorsett
County ss:
, State of North Carolina, do hereby
Judy P McDowell, Hoyt N Dorsett, Linda T
personally appeared before me this day and acknowledged the due execution of the foregoing instrument
Witness my hand and official seal this day of S-A x P-RY, Z WS
My Commission Expires: /0/7/. 00
OFFICIALLOAVIEk
No" C NTT me
COUNiY Notary Public ANNE MARIER
t AyCommts I: Expiresi
STATE OF NORTH CAROLINA,
The foregoing certificate of
a Notary Public of the County of
is certified to be correct
INS day of
DOC #:523835
(sk6A(NC) (0207)
County ss:
, State of
Registrar of Deeds
By
Deputy Assistant
APPL #:7000508818 pn #:6612600676
Initial
PaOe 15 of 15 )PA� Form 3034 1/01