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200704727 DOC ID #1 00Q164'3810105007 the sums aecUftld by this Security Instrument by reasOn of any cIenulDd made by the original ~ or any SUcccuors in Interest (If BOrrower. Ally ~ by lAnder in cxorcisinllDJ right or I1lIIIecly includins, without limitation. LoQder's 1CCeptII1Ce. of paymenu ftom third porsOIlS. entities or SUCClIl8tOt"ll in Interest of Borrower or in ~ounts leu thaDtho amOUDt then due. slWl not be . waiver of or ~Iude the exercise of Ill)' risht or remedy. 13. JoiDt and SeYeral UablUty; Co-lipen; SaeceIIon ..... AAiIU Boud. Borrower coYenenf$ and agiee8 that Borrowcr's obUptions and liability shall be joint md lIeVcraI. However, any Borrower who CXJooIians this Security Instrument but does not execute the N~ (a "go..sipr"): (a) it eo--siplina this Security Instrument only to mortI*Ic, anmllPld convey the 'CO-signer's interest In the Property under the terms of this Security Instrument; (b) is not ponoaaUy obligatod to pay the sums secured by this Security Instrument; and (c) apt that Lender ad MY other BolTOW1ll' CIIlllpil to oxtend. modify, 1brbt8r or make any accommodations with l'8pI'd to 1be tonnI of tbiI Security Insb'UIneIlt or the Note withOut the co-Ilgner's consont. Subject to the provisions of Section 18, any Succeeor in Interest ofBorrowcr who UJumes Borrower's obli.gatiolll under this Security Instrumcmt in writina, and is approwd by lAnder. shall obtain all ofBonower's rights and benofiU under this Security Instrumcnt. Borrower shall not be Mleued tiom Borrower's obliptions and liability under this Security lnalrumcnt unless Lenclar agnllllI to neb rel_ in wrltinJ. Tho oovonant$ and agreements ofthia Security Instrument shall bind (except as provided in Section 20) and bonofit the successors and lUians ofLcmdcr. 14. Loan CIIa..... Londet ~ cbar(o Borrower foes for icrYicoa performed in connootion with BolTOWtll"s default, for the purpose of ptotcctin. Lendcf. Interest in the Property and rights under this S~ Instrument. including. but not limited to. attorney.' fca, property inspeetion and valu.tion fees. In regard to any other fees, tho absence of exprIII audtority in this Security Instnunctrt to charp a specific foe to Bonowet shall not be constn&od as a prohibitioll on the cbargina of such tK. Lender may not ebarp fees that are expreIsly prohibited by this Security. Wtiumont or by Applicable Law. If the Loan is subjcctto 8 law which sets maximum loan charges, and that law Is finally mterpreled so that the interest 01' other loan charpa col1eeted or to be collected in cormectlon with the Loan exceed the permittoclllmlts. thon: (8) any 10th IoI1i c:blqe shall be reducod by Chc amount necessary to reduce the cbarge to the permlttcd limit; and (b) any sums aI.-ly collettod ftom Borrower which exoceded pcrmittocllimits will be refunded to Borrower. Lender may cillooaoto mike this ro1\md by n::ducins the principal owed under tho NolO or by mBkina a direct payment to Bonower. Ita Rlfund tcducci principal, the reduction will be tmIted 81 a partial ~ent without III)' prcpaymCllftt charp (whether or not a prepll)'llUll1t chatJe is provided for under the Nom). Borrowct. aceeptance of lID)' sudJ rdUnd made by diroct payment to Borrowtlt will comtitutO a W'Bivcr of any riaJU of actioft BoftOwer might have arising out of such ovorcharJe. 15. NoIifa. All nodeo given by Borrower or Lender in oonnllCtion with thisSecwity Inltntment must be in writing. Axty notice to Bonower in cormection with this Security Instrument shall be cltemod to have been given to Borrower whcm mailed by first cl_ mail or when actually dtllveted to Borrower's notice atIdred if ient by other tneanJ.Wotico to ally one Borrower shall constitute notice to all Borrowers unless Applicable Law expressiy requires otbl:fWlse. The notice address shall be the Property AddnlIs unless Bonower has dosipated 8 substitute notice addtess by notice to LOlider. Borrower shali promptly notity Lender of Borrower's ebu&e of addreu. If Lc:au:lcr specifies a procodwe for repOrting Bonower's change of addrou, then Borrower shall only repon a change ofllddrcss tbiou&h that apocifiod proooduro. TheM may be only ODe deaipated notice addreu under this Seeurity InstnnneIiI at any one time. Any notice to Lender shill be given by dOlivoring it or by mailing il by fb1t elm mail tv Lender's addms IbdIld herein union Lender bas desipauxt 8IlOlher IIddIess by notice to Bormwer. Any notice in connection with this Security mstrameDt shall not be deemed to have IRcn aiven 10 Lender untillduaJly nICOivod by Lender. If any notice required by this Security Instrument is also roquirod Imdor Applicable Law the Applicable Law requirlmeot wUl satisfy the cotrcspondins requirement under this Security InstrumoIrt. 16. CovemJaa Law; SenrablUty; Rules or COIIItrucdoll. Thi. Seeurity hulrwnODt .hall be govaned by fechn1 law and the taw of the jurlsdiedon In wbicb tho Property is located. All ri&hII and obliptions contained in this Security 1nstrumeRt- are subject to any rcquiremcmts and limitadODl of Appiicable Law. Appliceble Law misJ'tt explicitly or implicitly allow tho parties to ... by contract or it might be silent. 1M such .ilenco shall IIC)t be construed as a prohibition lIpinst apemcnt by contract. In the event that any proviaion or clause oflhis Socurity InItrument or tho Note confliCts with Applicable Lawj such QOftt'lict shall Dot affect other provisions of this Security InS1rWD'ont or the Note whieh can be SiveD cft'cc:t without the conflicting pn:wlJiQll. As used In this Security INtnDncnt <a> wards of the mascu1iDe pad<< shall mean and indude corresponding neuter words or words of tho tcmhline pnder; (b) words in tho siDguIar sbaU meu IIIId include the plural ami viet:: versa; lIRd (c) the word "may" gives sole disenltion without any obllpdon to take any action. 17. Borrower'. Copy. BolTOwet Jball be given oaecopy of the Note and of this Security Instrument. lL 1'rll-.fer of die Property or a ....eftdaJ IDtenIt in Borrower. A5 used in this Section 18, "lntae.t in the Property" mew any lepI or bcneficlallnwcst in the Property. Including. but not limited to, those bollcficial intoreIts tran.fomd in a bond ibr deed. comract fur deed. installment sales COIIIraCt or oscrow agreement. the intent ofwhk:h is the IrIMfer oftitlt by Bonoww at a ftdure dale to a purchaser. ".aA(NE) (CM07] CHL (OlIOS) Plplaf11 Fonn 1021 '/8'