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200200742 already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender muychoose to make this refund by reducing lire principal owed under the Note or by making a direct payment to Borrower. Ifa refimd reduces principal, the reduction will he if cated as a partial prepayment without any in cF,,ymcri charge (Whether to lot it prepayment charge is provided for under the Note). Borrower's acceptance ofany such refund made by direct payment to Borrower will constitute a waiver of any fight of action Bnl'rtiwor might have arising nut of such overcharge. 15. Notices. All notices given by Borrower or Lender in connection with this Security hsstnmnent most be in writing. Any notice to Borrower in connection with this Security Instrument shall be deemed to have beat given to Borrower when mailed by fast class mail or when actually delivered to Borrower's notice address if sent by other mcoits. Notice to mty one Borro wer shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall he the Property Address unless Borrower has designated a substitute notice address by notice to Lender. Borrower shall promptly notify Lender of Borrower's change of address. If Lander specifies a procedure for reporting Borrower's change ofaddress, then Borrower shall only report a change efaddress through that specified procedure. 'There may be only one designated notice address under this Security Instrument at any one time. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address staled herein unless lender has designated another address by notice to Burrower. Any notice in connection with this Security lnstrinneni shall not be deemed to have been given to Lender unfit actually received by Lender. Ifally notice required by this Security Instrument is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument 1G. Governing Law; Severability{ Roles a Construction. This Security Instrument shall be governed is federal law and the Inc ubhe jurisdiction a which the property is Appliic All rights and obligations' contorted in this Security Instrument are subject to any requirements and limitations, b Applicable Law. Applicable law might explicit}' or implicitlyi ad low eem the parties toagreee by eo.mthat orit might io silent,but such silence shillshwlbeconstheNas aprohibiwith against AppiicbleLow, byconnact. hltheeventthatany provision inurclauseofthis Security Int or the on, Note conflicts with Applicable Low, such conflict shall not affect outer provisions ofthis Sccurily Instrument or the Nac which can be given effect without the conflicting provision As used in this Securty Insn'ument (a) words oRhe masculine gender shell mean mul indudeeorresponding feu ter words or words ofthe feminine gender, (b) words in the singular shall nicum and include the plural and vice versa; and (e) the word "may' gives sole &cjetion without any obligation to take any action. 17. Borrower's Copy. Borrower shall be given one copy of fire Note and ofthis Security Instrument. 18. Transfer of the Property or a Beneficial Interest in Borrower. As used inthis Section lg ,'9nterestinthe Property" means any legal or beneficial interest in the Property, including, but not limited to, those huoficial interests transferred in a head for decd, contract for deed, installment set" contract or escrow agreanent, the intent of which is the transfer oftitle by Borrower at a figure date to a purchaser. "If ur any part ofthe Property fr any Interest in file Property is sold or transferred (or ifBori'ower' is not a natured parson and a beneficial interest in Borrower is sold or transfnried) without lender's prior written consent, Lender may require invmediaate pit))-Vent in full of all sums secured by this Security Instrument. However, this option shall not be exercised by LcVder if such exercise is prohibited by Applicable Law - If ].ender cxc,ei,w, this option, Lender shall give Borrower notice ofacceleration. 'F)ie notice shall provide a period .fuel less than 30 days Rom the date the notice is given in accordance with Section 15 within which Burrower must Pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration ofthis period, Lender may invoke any remedies permitted by this Security Instrument without former notice or demand on Borrower. 19. Borrower's Bight to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower shall have the right to have enforcement of Security Instrument discontinued at any time prior to the earliest oft (a) the days bcfure sale of the Property pursuant to any power of-sale contained in INS Security Instrument, (b) such other period as Applicable Law might specify for the termination of Borrower's right to reinstate; or (c) entry ofajudgV ent enforcing this Security Instrument. 'Those conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security instmment and the Note as if no acceleration had occurred; (b) cures any deMult of any other covenants of agreements; to) 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 at protecting I f rdei s interest lathe Properly and rights under this Security Instrument, and (d) takes such action as Lender may reasonably require to aasure that Leader's interest in the Property and rights under this Security Instrument, and 13onowei's obligation to pay the sums secured by this Security Instrument, shaH continue unchanged. Lender may require that Borrower pay such rvia,dacruent shots and expensesin one or fire ofthe following farms, as selected by Lender (a) cash; (b) money order; (c) certified check, batik check treasurer's check or cl ier's check, provided any such check is drawn upon an institution whose deposits are insured by a fedev,al agency, Instrumentality or until)- of (d) Nlectrome Funds Transfer. Upon reinstatanenl by Borrower, this Security Instrument and obligations secured hereby shall remain fully effective as Min acceleration had occurred However, this right to reinstate shat] not apply in the ease ofacceleration 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 line or more times without prior notice to Borrower. Asalemightresult Ina change in the entity (known as the "Loan Set v ice[") that col feels 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 rune ohamgas of the Lean Scrvicer unrelated io a sale of the Note. Ifthere is a change of the Lee,, Service,, Borrower will be given written notice ofthe change which will state the name and address of the new Loan Servic.q tste address to which payments should be made and any other information RESPA requires in eu uiectiom with a notioe oftransfcf of servicing. If the Note is sold unit (hereafter the Loan is serviced by a Loan Set vicar other than the purchaser of the Nne, is re mortgage loan servicing obligations to Bon'ower will remain with the Loan Service, or be transforzed to a successor Loan Scrvicer and are not assumed by the Note purchaser unless otherwise provided by the Note purchaser. Neither Borrower our Lender may commence, join, or be joined to anyjudicial action (as either an individual l 6g: nt or the member ofa class) that arises firm the other party's actions pursuant to this Security Instrumental thatalleges that the other party has breac m had any pvrsiom of, or any duty owed by reason o£ 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) ofsach alleged breach and afforded lire other party hereto a reasonable periat ado, the giving of such notice to take corrective action. If Applicable I aw provides a time period which must elapse before certain action can be taken, that time period will be deemed to be reasonable for purposes ofthis paragraph. 'flue notice ofacceleration and opportunity to care given to Borrower pursuant to Section 22 and the notice ofaccelernto i given to Borrower' pursuant to Section 19 shall he deemed to satisfy the notice and opportunity to take corrective action provisions ofthis Section 20, 21. 11... rdla s Substances. A, rased is this Section 21'. (a) "1 hazardous Substances" ofa those subsances defined as mxie or hazardous sub ranee,, pollutants, or wastes by Environmental Law and the fallowing substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or falialdehyde ,and radioactive materials; (b)''havironmema ]Law" means federallawsandlawsof the ptisdiction where the Property is located that relate to health, safety or environmental protection; (c) °Lavn'onmental Cleanup" includes any response action, remedial action, or removal action, as defined in Environmental Law; and (d) an "Lavirunmeand Condition' means a condition that can cause, earn drutc to, or otherwise trigger an Environmental Cleanup. NJ "HR KA- Single Family -- Fannie Mao /Frrddis Mee ONIFORM INSTRUMFN'I Form 3038 1/01 (,uge 6 ofd relic) 9754 CV(2/f1) (111505 GO10(01m6411)