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200214010
<br />already collected firm Rorrowcr which exuceLee! pc ii, led limits will be refunded to Be,, mvcr. Lcndenmay choose ((intake
<br />this rethnd by I eras Ing the principal owed neder the Note or by making a dire,( f,sm,ot (o Borrower. Its ,chid reduces
<br />principa I, the reduction wi II be it as a pal Gal pre clai ,:Waal any orcpapnart ahargo (,bother In not a prcpayna nt
<br />Jai n.. IS pm,i Jed or under theA,,is) Bvrro„e1' s 11 eprane e atanynth reAlnd made by diyet payment to Bonnmmt �, ill
<br />corollate it waiver of right of action Bar Io, as might hay, arising out of such overdmrSc.
<br />15. Notices. All notices given by Borrower or lender in connection with this Security Instnmlem must be in
<br />writing; Any notice to Ratio, at nconnccliun w ith this Scent LY ln,trmnan shall be dccmcd to hate been Ric an to Borrower
<br />when mailed by first class mail or when actually deI,vel'ed to Borrower's notice address ifsent by othermems- Notice to any
<br />one Borrower shall rnnstitute notice to all Borrowers unless Applicable Las expressly rcyuires othcnrlot, I lie notice
<br />address shall be the Property Address unless BOn'owel has designated a substitute notice address by notice to Lender
<br />Borrower shall promptly nofity lender of Borrower's change 01 address. If Lender specifics u procedure for reporting
<br />Bunuuer's change ofaddress, then Bm io,ci shall only report t change ofaddress through that specified procedure There
<br />may be only one designated nonce address under this Security Instrument at anyone time Any notice to Lender shall he
<br />g ,,le by delivering it 0r by smiling it by first class mull to Lcndci's address stated herein unless Lender has designated
<br />another addicts bynouce to Borrower. Anynolo' it, Connection with this Sccarity Instrumcntsholl not be dccmcd to have
<br />been given to Louder until actually received by Lender. If all note required by this See urit - Instrument is also required
<br />under Applicable Lau, the Applicable I au ra,uuen..or will satiety the corresponding, requirement under this Security
<br />Instmmcnl.
<br />16. Governing Law; Sererability; Rules of Construction. 'Phis Security Instrument shall be governed by
<br />federal law and the law of lire jarlsd"ban h, ,vlaiub the Property is located. All rights and obligations contained in this
<br />Security losooneent are Saimcet to any reel ...rein... is and li ...nations of Applicable l awl Applicable l aw might.,pl,,itls or
<br />implicitly, line the purees to ug ce by ambuct ' Inli gbtbe_1Ieotbulsuch.- Ilenceshall no( be - nscred as ailmillbWal
<br />againstagreement by Untrast. In the evennh r any provision or elms. at this Securiry Lisrcnn..at or the Voreconf lco with
<br />Applicable Law, such conflict shill not a17eet other pm . :dons ofthis Security hoovnwnt or the Note uvhich can be given
<br />skeet without the cent(:,no provisions
<br />As used in 11111 Security Insb mac lt. wo head, oflhe n a c (line. radcr shell mean and ioiude corresponding neaten
<br />,old, or ,,,Is of the feminine genden(b)w rd: Resingala ll, ll mean and include the pl aLad vice veua, and(,) the
<br />word `mov" eyes sole discretion vii thent :illy obligation W take any action.
<br />17. Borrower's Copp. Borrower shall be glen one copy of the Note and shirts Se,u1'ity lostrunve 11
<br />18, 'Transfer ot'the Property or a Beneficial 1 merest in Borrower. As used m this Section 1 S_ 'LIlnc,c,t in the
<br />P,.perly unCan, a,y legal ,, benaefi,i1 interest in till Property, including but not limited to those bcneficial ... (crests
<br />I, and,,, ILI i,I a bond Inv deed_ contract for deed, insallmcnt sales rontract or escrow agreemen, the intent of which is the
<br />transfer eftitle by Borrower at e future date to a purchaser.
<br />It all or any part at Property or any late.... in the Property 1, sold or transferred (or if par rower is not a natural
<br />person nod a beneficial interest in Bo11ower is sold or tnansl'ened) without Lender's prior written consent I ands, may
<br />require immediate payment in full ofII I sums Secured by this Scenery Instrument. Howcvcr, this option shoal net be
<br />exercised by Lender ifsach exercise is prohibited by Applicable Law.
<br />III coder exorcises this option, LCrder,Iok gi ve Bu11uwm notice ufaceclemumn. Thu notice shall provide a penod
<br />.footless than 30 days from the d-vte the notice is given in accordance with Section 15 within which Bonower must pay all
<br />sinssecured by this Security Instrument Iftinrrmvcr fails(opay these sumspnnrtothccxpirationofthisperio d,lCrider
<br />ally invoke iry remedies permitted by this Security Instnumem without finther notice of demand on Bono,ver.
<br />14. Borrower's Right to Reinstate Nfer Acceleration. IfLorrower meets certain conditions, Bmmecer shall
<br />have the rightist have en lorccanent of this Scum ity I ostuuneut disconb,ued at ally time PI im W the earliest oll (a) f ve Jays
<br />before sale III the Propery pursuant to an,, pouel' ofsolc contained in this Security Inseument; (b) srdh other period as
<br />Applicable Law mightspec:(' fill tile L milli lion of Borrower's right to reinstate;.r(c) entry Cl a Iudgmentcnfu rcing this
<br />Security Instrument Those conditions are Thal Ilorro'e, (a) pays I ender all sums which then ,orld be one under this
<br />Scuudty loos nnent and Jac Note as if no maehemtiou had 01aurcd; (b) cures any default of any other Celerities or
<br />agrcemen(s; (,) pays all expenses mcarred
<br />iu cnfurcing this SCULIIIV, Inshument, including, bat not limited to, reasonable uttomeys' fees, property inspection and
<br />calnaii e, Ices and other fees named for the purpose ofpmrecdng I ender'. interest in the Properly and rights under this
<br />Seou,ity InsbunneoC and (d) takes such uctlon a, Lcndcr may reasonably require to assure that Lender's interest in tire
<br />Property and rag.(, under ([it' s"no ry Insrumenl, and Ib,m'yCT a nhligannn TO pay Tile sums secured by thin Securiry
<br />kolrunlent shall continue unchanged. Lend,, rgra, that Borrower pay such reinstatement shins and expenses iiiune
<br />armor, of the tcllowing forms as selected bbl Code a ( n )m,sh�(h)mnnev older :(c)certified check bank ch(sck,IreaSlnerI
<br />check in eashic( s,beak_ pr0,idad UrV null , leak 11 111,1111 alto mstit Lsn whose deprAU arc insured by a Ibdcml
<br />agcnry, mstrumentalhnv or ennb. or (d) I e,,In c Funds T a nstel Upon renolaorient by Borrower, This Se,urip-
<br />In,trumcntind 061igulians stroured hereby slydl ,,(auto fully cffedivc un ifuo :¢celentlion hod 0ccuned. H0„c%v, 0rls light
<br />to reinstate shall no( apply m thecase ol'.r,"I"allon aide, Secton I N.
<br />20. Salient Note; Change of Loan Scrviccr; Notice of Grievance. Dissonant a partial :molest in the Note
<br />(together withthfs Securitylnseument) canbesolcioneon' more times wi thout prior nonce to per 'owet Asalereightresul(
<br />in a change in the cot: ty (known as 11K "Lull Son - ice, "1 Ihat collects Periodic Pay's' is due under the Note and thi.a S,,oa m
<br />Instrument and peROnns other mortgage loan secs seine ob ligatiollS under the Note, this Secant- Inseument lid Appli Labile
<br />Law. Them alto might be one ur nor, changes ollhe Luarl Scrviccr wuelaLLdtoa,alcufthe Nbtc. Ifthere suchaagcot
<br />the Loan Servicer, Bestowal' mill be given „nacre loo,, rd th, change ,bath will site the name and address of [Ile ire„
<br />Loan Scrviccr, the addms's la ,hick payrncnl, should be made and airy 01hcr ort onmution RESPA rcyuires in connection with
<br />a notice ofeforster ofservieing. It tire Note is sold and Iheneabri the Loan is serviced by Loan Servicer other than the
<br />purchaser of the Note. Life mortgage loan scfyicing obligations to Burro ser will remain with the Loan Scrviccr or be
<br />tiansti'ned m a successor Loan Sel'emer and art not assumed by the Note purchaser unless otherwise provided by the Kate
<br />purchaser.
<br />Neither Bor,owel nor Lender may commence. join, or bejoined to anyjudicial action (as either an individual
<br />htganuu the menisci of class) that aria,, Iron, We (,tiro party's actions pursuant to this Slcudty Inseumcm or that alleges
<br />that the other party has bleached any provision ol', or any duty owed by reason ot. this Security Instrument, until such
<br />forrower er I ender has notified the other party yylth such nobs, given in compliance with the requirements of Section I I
<br />of such alleged breach and afforded the othu party hereto I reasonable period after the tieing of soh notice to take
<br />correct,,, actimt IfApph,stilc Law provides a nor, period which must elapse before ccrtaaactnni can he taken, that ime
<br />period will be deemed to be reasonable for purpose, of this Paragraph The notice of accele etmo and oppo,nmitl to care
<br />.liven Lo 130110111 punuant W Section 22 and the (make 01 acocleration given to Bunoler pursuant to Section 18 shall he
<br />deemed to wally the notice end opportunity to take conceive action provisions of this Section 20.
<br />21. Hazardom Substances. As used in this Scenon 21: (a) " Hazordous Substances" are those suhstances
<br />defined as toxic or hazardous substances, pollutants. or wastes by Environmental Lev and the following substances: gasoline_
<br />ke,ocne- odder nanmrahle or toxic peuolnmh Products_ ro,1C pesticides and herb (,ides, volatile solve I:, material,
<br />conminiog asbestos er ibrmaldehyde. and radloactiye materials, (b) " Emvironmental Lam -" means federal la„s and lmvs of
<br />the jurisdiction where the I" op'tfy is Incaned That « lam m hcilth safety or env :nmmenteI plotecnnn: (II "I nvvonmenml
<br />Cleanup" includes anv I'sl ores action. rcmul al a Lion, or removal action_ is defined in Ell 11si, nNl Law, and (d) an
<br />" En v I oil men to l( emi, ti oil mlanfia Coil diIi0llThatcan , s ize c nn it Is u to I n, I r othrwi SC Iip,Lcr In E..,' I rnnm Cartel ( learn,
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