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200207719
<br />already collected from Borrower which exceeded permitted limits will be refunded to Borrower. l ender maycherse hh make
<br />this re limd by reducing the o incipil owed under the Note or by making a dire:( payment to Borrower. If a refund reduces
<br />principal, the reduction wil�be treated as a partial prepayment without any prepayment charge (whether or nil a prepayment
<br />charge is provide([ for undet the Note). Borrower'sacceplance crafty such rcllunit made by direct payment to Borrower will
<br />constitute a waiver of any right ofacdion Borrower might have arising out of such overcharge.
<br />15. Notices. All notices given by Borrower or Lender in connection with this Security Instrument must be in
<br />wriIirig. Any notice to Borrower in connection with this Security Inslcontent shall be deemed to have been given to Borrower
<br />when mailed by firs( class mail or when actually delivered to Borrower's notice address if sent by rather means. Notice to any
<br />one Borrower shall constitute notice to all Borrowers unless Applicable law expressly requires otherwise The notice
<br />address shall be the Properly Address unless Borrower has designated a substitute notice address by notice to Icode,
<br />Borrower shall prompt notify Lender of Borrower's change of address. if Lcndcr speifics a procedure for reporting
<br />Borrower's change of address, then Borrower shall only report a change of address through that specified procedure. There
<br />may he only one designated notice address under This Security Instrument at any one lime. Any notice hr Gander shall be
<br />given by delivering it or by mailing it by first class mail In Lender's address Stated herein unless Leader has designated
<br />anotheraddress by notice to Borrower. Any notice in connection with this Security Instrument shall not he (treated to have
<br />Even given to Lender until actually received by Lender. If any notice required by [his Security Instrument is also required
<br />under Applicable Law, the Applicable law requirement will satisfy the corresponding requirement under this Security
<br />lnstmmenl.
<br />16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by
<br />federal law and the law of the jurisdiction in which the Properly is located. All rights and obligations contained in this
<br />Security Instrument are subject to a fly requirements and limitations of Applicable Law Applicable Law might explicitly or
<br />implicitly allow the parties to agree by contract or it might be silent, hill such silence shall not be constmed as a prohibition
<br />againstagrecmentbyconlmct. In the event that any provision Or clause oflhisSecurity Instrument or the Note contic(swi(h
<br />Applicable Law, such conflict shill nut affect other provisions of this Security Instrument or the Note which can be Liven
<br />drect without the conflicting provision
<br />As used in this Security Inatrumend: (a) words of the masculine gender shall mean and include uunxpnndiag nerar,
<br />words or words of the feminine gender, (b) words in the singular shall mean and include the plural and vice vetsa; and (c) (die
<br />word °may" gives sole discretion without any obi( iry elion to lake a action.
<br />17. Borrower's Copy. Borrower shall �e given one copy of the Note and of this Security Instrument.
<br />18. Transfer ofthe Property or a Beneficial Interest in Borrower. AS used in this Section 18, "Interest in the
<br />Propel)'' means any legal or beneficial interest in the Property. including, but not limited to, (hose beneficial interests
<br />transferred in a hand for deed. contract for deed, installment Sales contract or escrow agreement, the intent of which is the
<br />hnnsfer of title by Borrower at a future date In a purchaser.
<br />If all or any part of the Pfopeny or any fideres(in the Property is sold or transferred (or if Borrower is not a natural
<br />poison and if beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, lender may
<br />require immediate payment in full of all sums secured It this Security Instrument, Howevcq this option shall III)( be
<br />exercised by Lender it net, exeroise is prohibited by Applicable Law.
<br />I 11 cndcr excniscs Ihis up( ion, Ixoffer shag give Borrower nor ice oI aver] Via Iinn. The notice shall In as ide a period
<br />offer less than 30 days from the date the notice is given in accordance with Section 15 within which Borrower mast payall
<br />sums Secured by this Security last unu nI. ItBorrower fails In pay these sums prior In the expiration of Ihis period, Lender
<br />may invoke any remedies permitted by this Security Instrument without further notice or demand on harrower.
<br />19. Borrower's Right to Reinstate After Acceleration. If B(irt)wcrme) tsccrtaincunditions ,Borrowershlhll
<br />have the right to have enforcement of this Norio av I list, nine tit discontinued at any time prior to the earliest of- (a) fivedays
<br />lie kno sale of the Properly pursuant to any power of Sale contained in Ihis Securi ty II13(mI11e11I; (b) such other period as
<br />Applicable dew might specify for the Iconma[ion of Borrower's right to reinstate; or (c) enlry efajudgr� eat cufuming this
<br />Security Instrument. Those conditions are that Borrower: (a) pays Tender all Sums which Then would ben due under this
<br />Security Instrument and the Note as if no acceleration had occurred; (b) cures any default of any other covenants or
<br />agreements; (c) pays all expenses incurred
<br />in enforcing this Security Inslrumenl, including, but not limited to, reasonable attorneys' lees, prop oly inspection and
<br />valualion fees, and otter fees incurred roe The purpose of protecting lender's interest in the Property and rights under this
<br />Security Instmmenl; and (d takes such action as Lender may reasonably require to assure Thal Lender's interest in the
<br />Prlperry and rights under IIlis Security Insouciant, and Borrower's nhligation to pay the suits secured by this Security
<br />Instramrm, shall continue unchanged. Lender may require that Borrower paysuch reinstatementsumsand expenses I . none
<br />or more oflhe 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 r lawn upon an institution whose deposits ate insured by a federal
<br />agency, instrumentality or Curtly; (Ir (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Security
<br />Instrument and ohligatons secured hereby shall remain fully effective as if no acceleration had occurred. However, this right
<br />It, reinstate shall not zip be in the case of acceleration under Section 18.
<br />20. Sale o[ Cie; Change of Loan Servicer; Notice of Grievance. 'the Note or a partial interest in the Nate
<br />Eogether with Ihis Socnd(y Instrument) con be sold one m more times without prior notice to Borrower. A sale might result
<br />in a change in the entity (known as the "Loan Servicer' ") that collects Periodic Payments due under the Note and this Security
<br />Instrument and performs other mortgage loarh servicing obligations under (he Note, this Security Instrument, and Applicable
<br />Law 'there also might be one or more changes of the Loan Servicer air elated to a sale of the Note. If (here is a chhange of
<br />the Limn Servicer, Borrower will be given written notice of the change which will state the name and address of the new
<br />Iran Servicer, tine address to which payments should be made and any other mformztion RF.SPA requites in connection with
<br />a nolice of dmnsrer of servicing. If the Note i.S sold and t eavaper the Loan is serviced by a Iran Servicer other than the
<br />purchaser of (he Note, the mortgage Iran servicing obligations to Borrower will remain with the Inan Serviert cur be
<br />Iramferred to a successor Loan Servicer and are not assumed by the Note purchaser unless otherwise provided by the Note
<br />purchaser. .
<br />Neither B(a rower nor lender may commence, join, or he joined to any judicial action (as either an individual
<br />litigant or the member (it a class) that arises from the tiller pa s's actions pursuant Ira this Security Ins rumeut or that alleges
<br />air the other parly has hrenehe[ any provision of or any duty owed by reason of, this Security Ihhalrnment, until such
<br />Burrower or lender has notified the edict parry (with such notice given in compliance with the requirements of Section 15)
<br />or such alleged breach and alfnrlei the ntsr party hereto a reasonable period after the giving of such notice RI take
<br />co..relive action. ILApplicable Law provides a (line period which must elapse before certain action can be taken, that time
<br />period will be deemed to be c"sonzhle for purr »scs of this paragraph. The notice of acceleration and oppman dly m cure
<br />given to 13m rower pursuant n1 Section 22 and( e notice of a coo lest inn given to Borrower pursuant to Section 18 Shall be
<br />deemed to satisfy the notice and opportunity to take corrective action provisions of this Section 20.
<br />21. Hazardous Substances. As used in this Section 21: (a) "Ilazardous Substances" are those substances
<br />defined as toxic or hazardous substances, pollutants, or wasles by Envirnnticand Law and the following substances: gasoline,
<br />kerosene, other tammahle tar toxic pohodeun products, toxic pesticides and herbicides, volatile solvents, materials
<br />cone iaiug asbestos or formaldehyde, and radioactive maleriaIS; (h) "Environmental law" means federal laws and laws of
<br />the juosdwhen where the Properly is located that relate to health, safely or to viromnendal protection; (C) "Environ men taf
<br />Cleanup" includes any response action, remedial action, or removal action, as defined in Environmental law; and (d) an
<br />"Environmental Condition meansacondition[flat can cause, contribute to, orolhenvise trigger air Environmental Cleanup.
<br />NI ;IIRASI Single family - -Fannie Mae /tteddie M1lne 11NIF OR M INSTR11M ENT Form 3029 lot Qmge SO,I svaR�'V
<br />'1711( V(Ia,') W1011
<br />GOT(r1alNCnt1'h
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