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<br />Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph.
<br />14. Governing Law; Severability. This Security Instrument shall be govemed by federal law. In the event that
<br />any provision or clause of this Security Instrument or the Note conflicts with applicable law, such conflict shall not affect other
<br />provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. To this end the
<br />provisions of this Security Instrument and the Note are declared to be severable. This instrument shall be subject to the present
<br />regulations of Lender, and to its future regulations not inconsistent with the express provisions hereof. All powers and agencies
<br />granted in this instrument are coupled with all interest and are irrevocable by death or otherwise; and the rights and remedies provided
<br />in this instrument are cumulative to remedies provided by law.
<br />15. Borrower's Copy. Borrower acknowledges receipt of one conformed copy of the Note and of this Security
<br />Instrument.
<br />16. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest
<br />in it is leased for a term greater than three (3) years, leased with an option to purchase, sold, or transferred (or if a beneficial interest
<br />in Borrower is sold or transferred and Borrower is not a natural person) without Lender's prior written consent, Lender may, at its
<br />option, require immediate payment in full of all sums secured by this Security Instrument.
<br />17. Nondiscrimination. If Borrower intends to sell or rent the Property or any part of it and has obtained Lender's
<br />consent to do so (a) neither Borrower nor anyone authorized to act for Borrower, will refuse to negotiate for the sale or rental of the
<br />Property of will otherwise make unavailable or deny the Property to anyone because of race, color. religion, sex, national origin,
<br />disability, age, or familial status and (b) Borrower recognizes as illegal and hereby disclaims and will not comply with or attempt
<br />to enforce any restrictive covenants on dwelling relating to race, color, religion, sex, national origin, disability, age or familial status.
<br />18. Sale of Note; Change of Loan Servicer. The Note or a partial interest in the Note (together with this Security
<br />Instrument) may be sold one or more times without prior notice to Borrower. A sale may result in a change in the entity (known as
<br />the "Loan Servicer ") that collects monthly payments due under the Note and this Security Instrument. There also may be one or more
<br />change 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
<br />notice of the change in accordance with paragraph 13 above and applicable law. The notice will state the name and address of the new
<br />Loan Servicer and the address to which payment should be made.
<br />19. Uniform Federal Non- Judicial Foreclosure. If a uniform federal non judicial foreclosure law applicable to
<br />foreclosure of this security instrument is enacted, Lender shall have the option to foreclose this instrument in accordance with such
<br />federal procedure.
<br />20. Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage. or release of
<br />any hazardous substances on or in the Property. The preceding sentence shall not apply to the presence, use, or storage on the
<br />Property of small quantities of hazardous substances that are generally recognized to be appropriate to normal residential uses and to
<br />maintenance of the Property. Borrower shall not do, not- allow anyone else to do. anything affecting the Property that is in violation of
<br />any federal, state, or local environmental law or regulation.
<br />Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by any
<br />governmental or regulatory agency or private party involving the Property and any hazardous substance or environmental law or
<br />regulation of which Borrower has actual knowledge. If Borrower learns, or is notified by any governmental or regulatory authority, that
<br />any removal or other remediation of any hazardous substance affecting tile Property is necessary, Borrower shall promptly take
<br />all necessary remedial actions in accordance with applicable environmental law and regulations.
<br />As used in this paragraph, "hazardous substances" are those substances defined as toxic or hazardous substances by
<br />environmental law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides
<br />and herbicides, volatile solvents, materials containing asbestos or formaldehyde and radioactive materials. As used in this paragraph,
<br />"environmental law" means federal laws and regulations and laws and regulations of the jurisdiction where the Property is located
<br />that relate to health, safety or environmental protection.
<br />21. Cross Collateralization. Default hereunder shall constitute default under any other real estate security
<br />instrument held by Lender and executed by Borrower, and default under any other such security instrument shall constitute default
<br />hereunder
<br />NON - UNIFORM COVENANT. Borrower and Lender further covenant and agree as follows:
<br />22. SHOULD DEFAULT occur in the performance or discharge of any obligation in this instrument or secured by
<br />this instrument, or should the parties named as Borrower die or be declared incompetent, or should any one of the parties named as
<br />Borrower be discharged in bankruptcy or declared an insolvent or make an assignment for the benefit of creditors. Lender, at its
<br />option, with or without notice, may: (a) the entire amount unpaid under the note and any indebtedness to Lender hereby
<br />secured immediately due and payable, (b) for the account of Borrower incur and pay reasonable expenses for repair or maintenance
<br />of and take possession of, operate or rent the property, (C) upon application by it and production of this instrument, without other
<br />evidence and without notice of hearing of said application, have a receiver appointed for the property, with the usual powers of
<br />receivers in like cases, and (d) authorize and request Trustee to foreclose this instrument and sell the property as prescribed by law.
<br />23. At the request of Lender, Trustee may foreclose this instrument by advertisement and sale of the property as
<br />provided by law, for cash or secured credit at the option of Lender, personal notice of which sale need not be served on Borrower,
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