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� � 99 110593
<br /> Loan Number: 1210117 4 0 Servicing Number: 2 2 3 5 5 4-7 Date: 10/2 9/9 9
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br /> 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of
<br /> amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not
<br /> operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shall not be required to
<br /> commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization of
<br /> the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's successors
<br /> in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any
<br /> right or remedy.
<br /> 12.S�ccessors and Assigns Bound;Joint and Several Liability;Co-signers. The covenants and agreements of this Security
<br /> Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of paragraph 17.
<br /> Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security Instrument but does not
<br /> execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey that Borrower's interest in the
<br /> Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security
<br /> Instrument; and (c)agrees that Lender and any other Borrower may agree to extend, modify, forbear or make any accommodations
<br /> with regard to the terms of this Security Instrument or the Note without that Borrower's consent.
<br /> 13. Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges,
<br /> and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the loan
<br /> exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the
<br /> permitted limit; and (b)any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower.
<br /> Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower.
<br /> If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge under the Note.
<br /> 14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing
<br /> it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address or
<br /> any other address Borrower designates by notice to Lender. Any notice to lender shall be given by first class mail to Lender's
<br /> address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this Security
<br /> Instrument shall be deemed to have been given to Borrower or lender when given as provided in this paragraph.
<br /> 15.Governing Law; Severability. This Security Instrument shall be governed by federal law and the law of the jurisdiction
<br /> in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note conflicts with
<br /> applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect
<br /> without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable.
<br /> 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br /> 17. Transfer of the Property or a Beneficial Interest in Bortower. If all ar any part of the Property or any interest in it is
<br /> sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without
<br /> Lender's prior written consent, Lender may, at its option, require immediate payment in full of all sums secured by this Security
<br /> Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this
<br /> Security Instrument.
<br /> If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice sha11 provide a period of not
<br /> less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secuP�by this Security
<br /> Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted
<br /> by this Security Instrument without further notice or demand on Borrower.
<br /> 18.Borrower's Right to Reinstate.If Borrower meets certain conditions,Borrower shall have the right to have enforcement
<br /> of this Security Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other period as applicable law may
<br /> specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this Security Instrument; or (b)
<br /> entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums which then
<br /> would be due under this Security Instrument and the Note as if no acceleration had occurred; (b) cures any default of any other
<br /> covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited to,
<br /> reasonable attorneys' fees; and (d) takes such action as Lender may reasonably require to assure that the lien of this Security
<br /> Instrument, Lender's rights in the Property and Borrower's obligation to pay the sums secured by this Security Instrument shall
<br /> continue unchanged. Upon reinstatement by Borrower, this Security Instrument and the obligations secured hereby shall remain fully
<br /> effective as if no acceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration under
<br /> paragraph 17.
<br /> 19. 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
<br /> as the "Loan Servicer") that collects monthly payments due under the Note and this Security Instrument. There also may be one
<br /> 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
<br /> given written notice of the change in accordance with paragraph 14 above and applicable law. The notice will state the name and
<br /> address of the new Loan Servicer and the address to which payments should be made. The notice will also contain any other
<br /> information required by applicable law. The holder of the Note and this Security Instrument shall be deemed to be the Lender
<br /> hereunder.
<br /> 20. Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any
<br /> Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Property
<br /> that is in violation of any Environmental Law. The preceding two sentences 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
<br /> to maintenance of the Propeny.
<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
<br /> of which Borrower has actual knowledge. If Borrower learns, or is notified by any governmental or regulatory authority, that any
<br /> removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all
<br /> necessary remedial actions in accordance with Environmental Law.
<br /> Borrower shall be solely responsible for, shall indemnify, defend and hold harmless Lender, its directors, officers,
<br /> employees, attorneys, agents, and their respective successors and assigns, from and against any and all claims, demands, causes
<br /> of action, loss, damage, cost(including actual attorneys' fees and court costs and costs of any required or necessary repair, cleanup
<br /> or detoxification of the Property and the preparation and implementation of any closure, abatement, containment, remedial or other
<br />+ Page 4 of 6 NED10014(OS-28-98) I
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