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<br /> ' # 13, Lo�n Charges. If the lonn Fecured by this Securiry lnstrument is subJcct to a IAw which scts maximum Ioan �'
<br /> � charges,and that law is tinally interpreted so that the inecrest or othcr loan chargcs collectcd or to be coll��ctcci in �►�
<br /> conneccion with �hr loan excecYl the permlued limlts, then: (a) nny such loan charge shall tx� reducecl by the amount �:;
<br /> necessary to teduce the charge to the permltted limit; and(b)any sums atrcady cull��;tc�l from Fiorrowcr which excc�c�ded }''
<br /> �'� permitted limlts wlll be refund��l ta Borrow�r. l.ender may choose to make this refund by r��lucing ihe principal ow��d
<br /> _. . under tho Note or by ma{cing a direct payment to Borrower, If a ref'und reduces principal,the reducUon will bc ireated as n s._
<br /> ,, "."� I partlal prepayn�ent without any prepxyrnent charge under the Note. • -
<br /> .��i 14. NMlew, Any natice to Barcower provided for In thie Sec:uriry Instrument shall be given hy deUvering It�r by
<br /> �, mailh►g It by f.rst clnss mall unless applicable law requlres use of another method. 1'h�� nodce sheU bc dirccted ta the =
<br /> .g,-� Property AAdress oi•any oth�r address Borrower designates by natice to L.ender. Any notiec to I.A:ndcr shall be given by
<br /> i first clws cr►all to Lender's address atated herein or any other address l.ender designates by notice ta Borrower, Any notice _
<br /> q. provlded for in thls Secu►•ity Instrument shall be deeme�i to havc bcen given to Borrower or l.cndcr when given as providc�d in
<br /> ` this par�graph. -
<br /> ' 13, Governln�LAw;Severablllty, 'this Sec:m•ity Instrument shall be governed by federal law and the law of ti►e
<br /> . jueisdiction in which�he Properly is located. In the event that any provision or clsuse of this Security Instru►nent or the
<br /> Note conflicts with applicable law, such wnfllct shall not affect other provislons of this Sec;urity lnstrument or the Note
<br /> which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the
<br /> .. Note are declared to be severable.
<br /> � 16. Borrower's(:opy, Borrower shall be glven one conformed copy of the N�te and of this S�curity lnstrument,
<br /> � 17, Transter of ttte Property or a Heneflcinl Interest in Borrower. If all �r any part of the Property or any _
<br /> interest In it is sold or transferred (or if a beneficial interest in Borrower is sold or transfcrred and Borrowcr is not a
<br /> natural person)without Lender's prior written consent, l.cnder may,at Its option,require immediate payment in full of all
<br /> sums secured by this Sec�rity Instrument. However,this option shall not be exercised by Lender if exerclse is prohibited by
<br /> ;•,�,,t�;;. fedoral law as of the date of this Security Instrument.
<br /> .' • If Lender exercises tliis option,L,endcr shall give Bonower notice of acceleration. The notice sli�li provide n period of
<br />�;:,�.ti.,• � not less than 30 days feom the date the notice is delivered or mailed within which Horrower must pay all sums secured by
<br /> ' "E•` � this 5ecurity Instrument. If Borrower fails to pay these sunu prior to the expiration of this periai, Lender may invoke any
<br /> -"�`��' • �• � remedia permitted by this Securiry Instrument without funher notice or demand on Borrower.
<br />`''�' � •� 19, Rorrower's Right to Reinstate. lf Aorrower meets certain condltions,Borrower shall have the right to have
<br /> ;��� `'� enforcement of thls Security Instrument discontinued at any tin�e prior to the earlier of:(a)5 days(or such other perlod as
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<br />��;°;"._.,'•; ; � applicable law may specify for reinstatement)t�efore sale of the Property pursuant to any power of sale contained in this
<br /> - S���rit;►_n�r����r;n�(hl entry�f a iudement enforcine this Security lnstrument. Those canditions are that Bonowes:(a)
<br /> -�w'�'`�'`''" ' pays I.ender afl sums which thtn would be due under this Security Instrument and the Note as if no acceleradon had
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<br /> ::.��h,.�, y y g a s all ex nses incurred in enforcin this
<br />-=�_w�.�;.z occurred; (b) cures an default of an other wvenants or a reements; (c)p y pe 8
<br />_ =°-`��" Securiry Instrument, including, but noc limited to, reasonable attorneys' fees; and(d)takes such action as Lcnder may
<br />�=�""�'�' reason�bly require to assurc that the licn of this Sccuriry Instrument, Lender's dghts in the Property and Bonower's
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<br />"�ti.��.'�°.�.�':�! obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by
<br />-�-'`-}"s-'�� Bonower. this Securiry Instrument and the obligations secured hereby shall remain fully effecdve as if no acceleration had
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<br /> __;R_ occuned. However,this right to reinstate shall not apply in the case of acceleration under paragraph 17,
<br />-__-;.�-,;;�� 19, Salc o[Note; Change of Loan Servicer. 1'he 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 iu the entity
<br /> - -°y�u;,.�� (known a.s the "Loan Servicer") that collects nwnthly payments due under the Nnte and this Security Instrutnent. There
<br />--��;sr�«` also rnay be one or more changes of the Loan Servicer unrelated ro a sale of the Note. If there is a change of the Loan
<br />.-��°��;,,�� Servicer, Borrower wilt be give.n written notice of the chenge in accordance with paragraph 14 above and applic�ble law.
<br />_�_:F,s�_�� The notice will state the name and address of the new I.oan Servicer and the address to which payments should be made.
<br /> �,;�;;_r=�•:: The notice will also contain any other information required by applicable law.
<br />~"'""`"' 20. Hazardous Substanees. Borrower shall not cause or permit the presence, use, disposal,srorage,or release of
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<br /> = "''' any Huardous Substances on�r ln the Property. Borrower shall not do,nor allow anyone else to do,anything affecting
<br /> .��`�'V°�' the Property that is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence,
<br /> x�>`�;_ � use,or storage on the Property of small quantities of Ha�ardous Substances that are generally recognized to be appropriate ro
<br /> "-�.r . nortnal residentfal uses and to maintenance of the Property.
<br /> ''�° � Borrower shall prornptly give Lender written notice of any investigation, claim,dema�id, lawsuit or other action by _
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<br /> ���*��� any governmental or regulatory agency or private party involving the Propeny and any Hazardous Substance or
<br />"=��""��� ��� Environmental Law of which Borrower has actual knowlcdge. .If B�rrower learns,or is notified by any govemmental or
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<br /> -�-"���.�.. regutarory authority,that any removal or other remediation of any Hazardous Substance affecting the Property is necessary,
<br /> ,, ' . Borcower shall prompdy take all necessary remedial actions in accordance with Environmental Law.
<br /> • ' As used in this parngraph 20, "Hazardous Subs;ances"are those substances defined as toxic or hazardous substances by __
<br /> - Enviranmental I.aw and the following substN�ces: gasoline, kerosene, other flammable or toxic petroleum products, toxi�
<br /> pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materiuls. As _
<br /> 1 �� .; used in this paragraph 20, "Environmental Law" means fedcral laws and laws of the jurisdiction where the Property is ..
<br /> 4 located that relare to health,safety or environmental protection.
<br /> - NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br /> - - 21. Acceleratlon; Rcmedlcs. Lender shnll give notice to Borrower prior to acceleration following Borrower's
<br /> ' � breachof any covenant or agrcement In this Security Instrument(Uut not prior to acceleration undcr paregraphl7
<br /> , unless appl(cable law provldes otherwlse). The notice shall specify: (a)the default; (b)the action requlred to cure
<br /> the det4ult;(c)u date,not less than30 days from the datethe notice is given to Borrower,by which the detault must be
<br /> � I cured;and d)that fellure tu cure the defeult on or before the date speclCed in the notice may result In ncccleration of
<br /> � the sums secured by this Securtty Instrument nnd sale of the Property. The notice shall further inform Iiorruwer of
<br /> - �� -� ---��� •M...i.6� �..rn{we►n1u OPfaY I�MPIPMOHAtl on.�►hp��eh��n hrino,�cnurt netlon to acce►t tt�e non-exlstence of e defuult or
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<br /> any other dcfcnse �of Borrower to accclerutlon and sule. !f the default Is not cured on or before the date specified in
<br /> the notice, Lender nt Its aptl�n m�y require fmmedinte puymcnt In full of all sums sect�red by this Security
<br /> � Instrument without furthcr demund and mny Invoke the powcr of sulc nnd nn�� othcr remedlcs permlttcd by
<br /> nppliceble Ieiw. Lendei•shall be entitled to callect ull expenses Incurred in pursuing the remedles provlded in this
<br /> puragraph 21, Including, but not Ifmitecl to, rei�sonnble uttorneys'fees and costs o:title evidence.
<br /> Forn�J028 9�90 lpng�a uJS pngttJ
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