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<br />200707602
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<br />charge shall be reduced by the alllonnt necessary to reduce the charge to the permitted limit; and (b) any sums already collected
<br />from Borrower which exceeded perllliucd limits will be refunded to Borrower. Lender may choose to make this refund by
<br />reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the
<br />rednction will be treated as a partial prepayment without any prepayment charge (whether or not a prc~paYlllent char).!e is
<br />provided for nllder the Note), Borrower's acceptance of any snch refnnd Inade by direct paynlentto Borrower will C011Stit111c a
<br />waiver 01' ,lilY right or action Borrower might have arising ont of snch overchargc"
<br />IS, No!ice';, 1\11 notices given by Borrower or Lender in cOllllection with this SecLlrity Illstnlnlent nnlst be ill writnlg.
<br />,\111' noti..:e w !l(IITOWer in connection with this Secnrity Instrlllnellt shall he deenled to have !,een given to Borrower when
<br />maikd by first class 1l1,IiI or wIlen actually delivered to Borrower's notice address ir sent hy other nleiUIS, Notice to any Olle
<br />Borrower shall \:onstitllte notice to all Borrowers unless Applicahle Law expressly requires otherwise, The notice address shall
<br />be the Property Address unless Borrower has designated a substitute notice address by noti\:e to Lender, Borrower shall
<br />promptly notify Lender of Borrower's change of address, If Lender specifies a pro\:edllre for reponing Borrower's \:hange or
<br />address, then Borrower shall only report a dwnge of address through that specified pnxednre, There may be 01111' Oil"
<br />deSignated notice address under this Se\:urity Instrument at anyone time, Any notice to Lendcr shall bc gi ven by deh vC'l'ing it
<br />or by Inailin); it I,v rirst clitss mail to Lender's address stated herein unless Lender has designated another address hy noticc to
<br />130rrower, Any Iloti\:e in connection with this Security Instrument shall not he deemed to have been given 10 Lendn nllt1l
<br />actually received by Lender. If any notice required hy this Security Instrumellt is also required under Applicalile Law, th~
<br />Applicable Law reqlliremellt will satisfy the corresponding requirement uuder this Security Instrument.
<br />16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed hy federal law
<br />and the law of the jnrisdiction in which the Property is located, All rights and obligatiolls contailled ill this Se\:lIrily Illstrlllllc'lll
<br />:lre sllhject 10 any requil'Cnlellts and limitations of Applicable Law_ Applicable Law nlighl explicitly or illlpli\:itly :djow thl'
<br />parties to agree by contract or it might be silent, but such silellce shall not be construed as a prohibition a);ainst a/'n:Clllelll by
<br />L'(llltr,lcL III the ":1(:;111 that any provision or clause of this Security Instrument or the Notc conrtiCls with Applicable Law, sllch
<br />,:old'lic! sh,dl 110' alTeet other provisions of this Security Instrumcnt or the NOle which call be given erfect without illl'
<br />Lllllrticti II); provislOlI.
<br />As used in this Seulrity Instrument: (a) words of the masculinc gender shall mcan allcl include corresponding nellll;r
<br />words or words of the feminine gender; (b) words in the singular shall mean and include the plural and vice versa; a III I (e) 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 of the Note and of this Security InstrLlmenl.
<br />18. Tnlnsf'cr of' the Property or a BeneficIal Interest in BOl'I'ower. As used in this Secl.ion IS, "Interl;st ill thl'
<br />I'mpl:r1Y" 111,:aw; allY legal or hell~tlcial interest in the Property, including, but not limitcd to, thosc bencfici:li interests
<br />transknnl in a lh'lId for deed, cOlltract for deed, installment sales contract or escrow agreement, the iutent of whidl is the
<br />transfer of title by Borrower at a futnre date to a purchaser,
<br />If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person
<br />,tllll a beneficial interest in Borrower is sold or transferred) withont Lender's prior written consent, Lender IlIay requirc
<br />illlllledialc payment in full of all SUIllS secured by this Security Instrlnllellt. However, this option shall 1I0t be aercisul by
<br />Lellder ir sllch exercise is prohibited by Appli\:able Law,
<br />11' Lellder eXc~rcises this option, Lender shall give Borrower notice of acceleration_ The 1I0tice shall provide a period Ollll)t
<br />kss than 30 cI;IY:; 1'1'0111 the date the Ilotice is givell in accordance with Section 15 withill which Borrower mllst pay :tll SIIIIIS
<br />sC'lIlr,:d by this Sec'lLrily IlIstrument. If Borrowcr fails to pay thcse SUIllS prior to the expiration or Ihis period, r _ellder IWI)'
<br />invoke any remcdies pcnnined hy this Security Instrumcnt without furthcr noticc or demand on Borrower.
<br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets ccrtain comlilions, Borrower shall have Ihe
<br />right to have enforcement of this Security Instrument discontinued at any time prior to the ciirliest of: (,I) five dnys herore sak
<br />or the Propc'lty pllrsuanl to allY power of sale contained in this Security Instrumcnt; (b) slLch olher period as Applicnhlc 1.0111'
<br />1111)211t specify rur tll\: Ic'rminatioll of Borrower's right to reinstate; or (e) cntry of a judgment ellforcillgthis Sccllrily Illslnlllll'lll.
<br />Those uHldiliolls are that 130rnJwel"' (a) pays Lender all SUIllS which then would be due under this SeclLrily IllslrlLlllellt ;lIllllhc'
<br />Note as ir 110 :Il'_.'ckration had occlLrred; (b) cures any default of any other covenants or afrecments; (c) pays ;111 expclls,'s
<br />illllllTed In eUr(JlTllIg this Sccurity Instnllnellt, including, bllt not limited to, reasonable attorneys' fees, properl.y inspc\:tioll ;lIId
<br />valualion fees, and other fees incurred for the purpose of protecting Lemler's interest in the Property and rights 111l<kr Ihls
<br />Sccurity Iustnullent; and (d) takes such action as Lender may reasonably require to assurc that Lender's intercst in thc Property
<br />and rights under this Security Instrument, and Borrower's obligation to pay the SUlllS secured by this Security instrumcnt, sh,lIl
<br />continne ILnchanged, Lender may rcquire that Borrower pay such reinstatement sums and expenses in onc or Inore or th,:
<br />following f(1ml', as seleckd by Lendcr: (a) cash; (b) mOlley order; (c) certified check, bank check, trcasurer's c1wek or
<br />cashin's check, provided any such check is drawn UpOIL an institlltioll whose deposits arc inslLred by a kder:t1 i1gl:IICY,
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<br />>IEBHA',hA--Sill)'.k 1'''"lily--Fallllic IVlac/Frc~hlle Mac UNIFORM .INSTRtlI\IENT
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<br />ITEM 1'26981.9 (0308)._.MEHS
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<br />Forni J02S 1/11.1
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<br />GIU,A I LAND.
<br />111 0,<1", [,;It: I-BOO-530-9393 LI ['IX: C 1 C-791-11 ~ 1
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