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<br />ah'eady eollneted from Borrower which exceeded permitted limits will be refunded to Borrower. Lender meychoosawmake
<br />this refund by reducing the principal owed under z Note or by making a direct payment to Borrower. To refund reduces
<br />principal, the reduction will be treated as a partial prepayment without any prepayment charge (whether or not a prepayment
<br />charge Ispruvided for under the Note). Borrower's acceptance ofany such refund made by direct payment to Borrower will
<br />constitute a waiver of any right of action Borrower might have arising out of such overcharge.
<br />15. Notices. All ounces given by Borrower or Lender in connection with this Security Instrument must be in
<br />writing. Any notice to Borrower in connection with this Security Instrument shall be deemed to have been given to Bon ower
<br />when mailed by first class mail or when actually delivered to Borrower's notice address ifsen[ by othU means. Notice [o any
<br />one Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The nolice
<br />address shall be the Property Address unicsa Borrower has designated a substitute notice address by notice to Lender.
<br />Borrower shall prompptly notify Lender of Borrower's change of address. If Lender specifies a procedure for reporting
<br />Borrower'scbangeofaddress, then Borrower shall only report a change. faddress'duungh that specified procedure There
<br />may be only one designated notice address under this Security Instrument at anyone lime. Any notice to Lender shall be
<br />given by delivering it or by mailing it by first class mail to Lender's address stated herein unless Lender has designated
<br />another address by notice to Borrower. Any notice in connection with this Security Instrument shall not be deemed to have
<br />been given to Lender until actually received by Lender. If any notice required by this Security Instrument is also required
<br />tinder Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security
<br />Instrument.
<br />16. Governing Law; Severability, Rules of Construction. 'Phis Security Instrument shall be governed by
<br />federal law and the law of the jur m isdiction which the Property is located. All rights and obligations contained in this
<br />Security Instrument are suhjcctlo any requirements and limitations ol-Applicable Law. Applicable Law might explicitlyor
<br />implicitly allow the pas ties to agree by contract or it might he silent, but such silence shall not be construed as a prohibition
<br />agam5, agreement by contract. In the event that any provision or clause ofthis Security Instrument or the Note conflicts with
<br />Applicable Low, such conflict shall nut affect other provisions ofthis Security Instrument or the Note which can be given
<br />ct
<br />effe without the conflicting provision.
<br />As used in this Security lost[ remain (a) words ofthe masculine gender shall mean and include corresponding neuter
<br />words or words ofthe feminine gender; (b) words in the singular shall mean and include the plural and vice versa; and (c) the
<br />word "may' gives sole discretion without any obligation to take any action.
<br />17. Borrower's Copy. Borrower shall be given one copy ofthe Note and ofthis Security Instrument.
<br />18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, `Interest in die
<br />Property" means any legal or beneficial interest in lire Property, including but not limited to, those beneficial interests
<br />transferred in a build for deed, contract for deed, installment sales contract or escrow agreement, the intent ofwhich is the
<br />transfer oftitle by Borrower at a future dale to is purchaser.
<br />Ifall or any part ofthe Properly or any Interest in the Property is sold or transferred (or if Borrower is not a natural
<br />person and a beneficial interest in Burrowers sold or transferred) without Lender's prior written consent, Leader may
<br />require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be
<br />exercised by Lender I such exercise is prohibited by Applicable Law,
<br />If Lender exercises this option, Lender shall give Borrower notice ofacceleration. 'f he nolice shall provide a period
<br />.fuel less dun 30 days from the date the notice is given in accordance with Section 15 within which Burrower must pay all
<br />sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration ofthis period, Lender
<br />may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower.
<br />19. Borrower's Right to Reinstate After Acceleration. IfBomeweriu et scertaincondilions,Borrowershall
<br />have the right to have enforcement ofthis Security Instrument discontinued at any time prior to the earliest of (a) five days
<br />befa'e sale ofthe Property pursuant to any power of sale contained in this Security Instrument; (b) such other period as
<br />Applicable Law might specify for the termination of Borrower's right to reinstate; or (c) entry ofajudy rent enferemg ills
<br />Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums which then would be due under this
<br />Security Instrument and die Nate as ifmo acceleration had occurred; (h) cures any default ofany other covenants or
<br />agreements; (c) pays all expenses incurred
<br />in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees, property inspection and
<br />valuation fees, and other fees incurred for the purpose of protecting Lender's interest in the Property and rights under this
<br />Security It trumcnl; and (d) takes such action as Lender may reasonably, require to assure that Lender's Interest in the
<br />Property and rights under this Security Instrument, and Borrower's obligtion to pay the sums secured by this Security
<br />Instrument, shall continue unchanged. Lender may require that Borrower pay such reinstatement sums and expenses in one
<br />or more of following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's
<br />check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal
<br />agency, instrumentality or entity: or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Security
<br />Instrument and obligations secured hereby shall remain fully effective as iLou acceleration had occurred However, this right
<br />to reinstate shall not apply in the case of acceleration under Section 18.
<br />20. Sale of Note; Change of Loan Services Notice of Grievance. The Note or a partial interest in the Note
<br />(together with this Security Instrument) can be sold one or more times without prior notice to Borrower. A sale might result
<br />in a change in the entity (known as the "Loan Services') that collects Periodic Payments due under the Note and this Security
<br />Instrument and performs other mortgage Ivan servicing obligations under lire Note, this Security Instrument, and Applicable
<br />Law. 'I [,ere also might be one or more changes ofthe Loan Servicer unrelated to a sale ofthe Note. Ifthere is a change of
<br />the Loan Servicer, Borrower will he given written notice cflhe change which will stale Ihename and address of the new
<br />Loan Servicer the address to which payments should be made and any other information RESPA requires in combecien will,
<br />a notice ftransfer of servicing If the Note is sold and thereafter the Loan is serviced by a Loan Servicer other than the
<br />purchaser ofthe Note, the mortgage loan servicing obligations to Borrower will revnaul with the Loan Servicer or be
<br />transferred to a successor Loan Servicer and are not assumed by the Note purchaser unless otherwise provided by the Note
<br />purchaser.
<br />Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an individual
<br />litigant or the member ofa class) that arises 6 our the other party's actions pursuant to this Security Instrument or that alleges
<br />that the other party has breached any provision of, or any duty owed by reason of this Security Instrument, until such
<br />Borrower or Lender has notified the other party (with such notice given in compliance with the requirements of Section 15)
<br />of such alleged breach and afforded the other party hereto a reasonable period after the giving of such notice to take
<br />corrective action ifApplicuble law provides a time period which must elapse before certain action can betaken, that time
<br />period will be deemed to he reasonable for purposes ofthis paragraph. 'I he notice ofacceleration and opportunity to cure
<br />given to Borrower pursueit to Section 22 and the notice of acceleration given In But rowe pursuant to Section 18 shall be
<br />deemed to satisfy the notice and opportunity to take corrective action provisions ofthis Section 20.
<br />21. Razerdaus Substances. As used in this Section 21 (a) N Warders Substances" are those substances
<br />defined as toxic or Lorna does substances, pollutants, or wastes by Eavirormtental Law and IM following substances: gasoline,
<br />kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials
<br />containing asbestos or formaldehyde, and radioactive materials; (h) "Emireintental Law" moans federal laws and laws of
<br />the jurisdiction where the Property is located that relate to health, safety or environmental protection; (c) "Environmental
<br />Cleanup" includes any response action, remedial action, or removal action, as noticed in Environmental Law; and (d) an
<br />"Environmental Condition" mess a condition that can cause, contribute to, or otherwise trigger an Environmental Cleanup.
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