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<br />already collected fi'c m Borrower which exceeded permitted limits will be refunded to Borrower. Lender maychrxxe to make
<br />this rebind by reducing the principal owed under the Note or by making a direct payment to Borrower_ It a rehmd reduces
<br />principal. the reduction will be treated as a partial prepayment without any prepayment charge(" bethei or not a prepayment
<br />charge is provided for under the Note). Borrower' is acceptance of any such refund made by direct payment to Borrower will
<br />constitute wuiverof any right of icuon Hot t,ce mlgIn have ari s ing out of such overcharge.
<br />15. Notices. All notices given by Borrower of Lender in connection with this Security Instrument must be in
<br />writing. Any notice to Boo rower in connection with this Security instrument shall he deemed Rt have been given to Burrower
<br />when mailed by first class mail or when actually delivered to Borrower's notice address it sent by other 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 Property Address unless Borrower has designated a substitute notice address by notice to Lender,
<br />Borrower shall promptly notify Lender of Borrower's change of address. If Lender specifies a procedure for reporting
<br />Borrower's change ofaddress, then Borrower shall only repoita change ofaddiess through that specified procedure There
<br />may be only one designated notice address under this Security Instrument at anyone time. Any notice to lender shall he
<br />given by delivering it or by mailing it by first class mail to Lender's address stated herein unless Lender has designated
<br />unutheraddressbynotice toBorrower. Any notice in connection with this Security Instrument shall not he doomed to have
<br />been given to Lender until actually received by Lender If any notice required by this Security Instrument is also required
<br />under 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 jurisdiction in which the Property is located. All rights and obligations contained in this
<br />Security Instrument are subject to any requirements and limitations of Applicable Law_ Applicable Law might explicitly or
<br />implicitly allow the parties to agree by contract or it might he silent. but such silence shall not be construed as a prohibition
<br />against agr event by contract. Bt 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 Nutt; which can be given
<br />effect without the conflicting provision.
<br />As used in this Security Instrument: (a) words of the masculine gender shall mean and include corresponding neuter
<br />words or words of Nc 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 ohl igstion to take any action.
<br />17. Borrower's Copy. Borrower shall be yaven one copy of the Note and of this Security Instrument,
<br />18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, 'Interest in the
<br />Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests
<br />trunsfered in n bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the
<br />transfer of title by Rorrowci at a MUM Chic to a purchaser
<br />If all of any pan of the PI-opertyor any Interest in the Property Is sold or transtered for it Borrower is not a natural
<br />person and a 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 by this Security Instrument. However, this option shall not be
<br />exercised by Lender if such exercise is prohibited by Applicable Law.
<br />If Lender exercises this opt ion, Lender shall give Borrower notice of acceleration, The notice shalI provide a period
<br />of not less than 30 days from the date the notice is given is accordance with Section 15 within which But must pay all
<br />sums secured by this Security Instrument If Borrower tails to pay these sums print to the expiration of this 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. If Borrower meets certain conditions, Borrower shall
<br />have the right to have enforcement of this Security Insti ument discontinued at any time prior to the earliest of: fa) Five days
<br />before sale of the Property pursuant to any power of sole contained in this Security Instrument; (b) such other period as
<br />Applicable Law might specify for the termination of Borrower's right to noimsmtc; or (c) entry of a juCgment enforcing this
<br />Security Instrument. Those conditions are that Borrower (a) pays Lender all sums which then would be due under this
<br />Seoul'ity Instrument and the Note as it no acceleration had occurred; (h) cures any default of any other covenants or
<br />agreements; (c) pays all expenses incurred
<br />in enforcing this Security Instrument, including, but not limited ht, reasonable attorneys' tees, property ispretion 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 lr sirumeuf, and (d) takes such action as lender may reasonably require to assure that Under's interest in the
<br />Property and rights under Nis Security Instrument, and Borrowers obligation to pay the sums secured by this Security
<br />Instrument, shall continue unchanged I ender may require that Borrower pay such reinstatement sums and expenses none
<br />or more of the following forms, as selected by Lender: (a) cash; (b) money order: (e) 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 shat I remain fully effective as if no aa;cicrat i on 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 Servicer, Notice of Grievance. The Note or a partial imerest in the Note
<br />(together with this Seem ity Instrument) col he cold one of more times without In "" notice to Borrower. A sale might result
<br />in a change in the crucify (known as the "Loan Servicer ") that collects Periodic Payments due under the Note and this Security
<br />Instrument and performs other mortgage loan servicing obligations under the Note, this Security Instrument and Applicable
<br />Law. There also might be one or more changes of the Lean Servicer unrelated to a sale of the Note- If there is a change of
<br />the Loan Servicer, Borrower will be given wndeir notice of the change which will state the name and address of the new
<br />Loan Servicer, the address to which payments should be made and any other information RLSPA requires in connection with
<br />a notice of transfer of servicing. If the Note is sold and thereafter the Loan is serviced by n Loan Servicer other than the
<br />purchaser of the Note, the mortgage loan servicing ohligatons to Borrower will remain with the Loan Servicer or be
<br />transferred to a successor Loan Servicer and ore not assumed by the Note purchaser unless otherwise provided by the Note
<br />purchaser.
<br />Neither Beer nvcr nor Lander may commence, join, or be joined to anyjudicial action (as either an individual
<br />litigant or the member of a class) that arises from the other party's actions pursuant to this Security Instrument or that alleges
<br />that the other party has breached any provision oil', or any duty owed by reason of this Security Instrument, until such
<br />Borrower M Lender has notified the other pity (with such notice given in compliance with the requirements of Section I S)
<br />of such allcgcd breach and aflhrdel the other party herew a reasonable period 'after the giving of such notice to take
<br />corrective action. If Applicable Law provides a time period which must elapse before certain action can betaken, that time
<br />period will be Cccmcd m he masunable for puryoses of this paragraph. The notice of acceleration and opportunity m care
<br />given ro Borrower pursuant to Section 22 and the notice of acceleration given to Borrower pursuant to Section 18 shall be
<br />deemed to satisfy the notice and opportunity m take cumctive action provisions of Nis Section 20.
<br />21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances" are those substances
<br />defined as toxic er hazardous substances, pollutants, or wastes by Environmental Law and the hdlowingsubstarecs: gasoline,
<br />kerosene, other flanunable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials
<br />containing asbestos or formaldehyde, and radioactive matcriass (h) "Environmental law" means 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, of removal action, as defined in Environmental Law: and (dl an
<br />"Environmental Condition" means a condition that can cause, contribute to, of otherwise trigger an Environmental Cleanup.
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