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200112579
<br />rental of the Property or will otherwise make unavailable or deny the Property to anyone because of race, color, religion,
<br />sex, national origin, handicap, age, or familial status, and (b) Borrower recognizes as illegal and hereby disclaims and will
<br />not comply with or attempt to enforce any restrictive covenants on dwelling relating to race, color, religion, sex, national
<br />origin, handicap, 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
<br />(known as the "Loan Servicer ") that collects monthly payments due under the Note and this Security Instrument. There
<br />also may be one or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan
<br />Servicer, Borrower will be given written notice of the change in accordance with paragraph 13 above and applicable law.
<br />The notice will state the name and address of the new Loan Servicer and the address to which payments 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
<br />with such 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
<br />the Property of small quantities of hazardous substances that are generally recognized to be appropriate to normal
<br />residential uses and to maintenance of the Property. Borrower shall not do, nor allow anyone else to do, anything
<br />affecting the Property that is in violation of 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
<br />any governmental or regulatory agency or private party involving the Property and any hazardous substance or
<br />environmental law or regulation of which Borrower has actual knowledge. If Borrower learns, or is notified by any
<br />governmental or regulatory authority, that any removal or other remediation of any hazardous substance affecting the
<br />Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with applicable
<br />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
<br />pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As
<br />used in this paragraph, "environmental law" means federal laws and regulations and laws and regulations of the
<br />jurisdiction where the Property is located 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 or assumed by Borrower, and default under any other such security instrument
<br />shall constitute default hereunder.
<br />NON - UNIFORM COVENANTS. 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 decreed incompetent, or should any one of the parties
<br />named as Borrower be discharged in bankruptcy or declared an insolvent, or make an assignment for the benefit of
<br />creditors, Lender, at its option, with or without notice, may: (a) declare the entire amount unpaid under the note and any
<br />indebtedness to Lender hereby secured immediately due and payable, (b) for the account of Borrower incur and pay
<br />reasonable expenses for repair or maintenance of and take possession of, operate or rent the property, (c) upon application
<br />by it and production of this instrument, without other evidence and without notice of hearing of said application, have a
<br />receiver appointed for the property, with the usual powers of receivers in like cases, (d) foreclose this instrument as
<br />provided herein or by law, and (e) enforce any and all other rights and remedies provided herein or by present or future
<br />laws.
<br />23. The proceeds of foreclosure sale shall be applied in the following order to the payment of. (a) costs and expenses
<br />incident to enforcing or complying with the provisions hereof, (b) any prior liens required by law or a competent court to
<br />be so paid, (c) the debt evidenced by the note and all indebtedness to Lender secured hereby, (d) inferior liens of record
<br />required by law or a competent court to be so paid, (e) at Lender's option, any other indebtedness of Borrower owing to
<br />Lender, and (f) any balance to Borrower. At foreclosure or other sale of all or any part of the property, Lender and its
<br />agents may bid and purchase as a stranger and may pay Lender's share of the purchase price by crediting such amount on
<br />any debts of Borrower owing to Lender, in the order prescribed above.
<br />24. Borrower agrees that Lender will not be bound by any present or future state laws, (a) providing for valuation,
<br />appraisal, homestead or exemption of the property, (b) prohibiting maintenance of an action for a deficiency judgment or
<br />limiting the amount thereof or the time within which such action may be brought, (c) prescribing any other statute of
<br />limitations, (d) allowing any right of possession or, (e) limiting the conditions which Lender may by regulation impose,
<br />including the interest rate it may charge, as a condition of approving a transfer of the property to anew Borrower.
<br />Borrower expressly waives the benefit of any such state law. Borrower hereby relinquishes, waives, and conveys all
<br />rights, inchoate or consummate, of descent.
<br />25. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with
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