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<br /> � 13. L.ota Clwr�es. If ihe loan secured by thiK Security Insuvment is xubject tu o law which seta nwzimum loan
<br /> , cha��es,end that law is finally imerpreted�o thot the in�erest or other Ician churge�collected ar t�6e collected in c�mnrction -�.2�=
<br /> wlth the Icwn exceed�hr permitted limits,then:(ul any such loan churge xhall I+e reduced by the amaunt necezsary to reduce ;f -.�...;.�:���
<br /> � the chprge to the permitted fimit;and(bl any sums already collec�ed fram Bnrcowe�whicb exceeded p�:mutted limitn will �*", . �•_�_
<br /> be refur�dCd to Fi�rrower.I.ender may choose ta makc this refund by reducing ihc principal aweJ under thc Nac or by nwking ! •*�+;�
<br /> a direct paymem tu Borruwer. If a rcfund reduces principal,thc reduction will he treated a.u parlial prepaymem wnhuut t . �. �•- - _
<br /> any prepaymem char�e under the Note. � `'�''`�-` , _
<br /> 14. Notkes. Any notice lo Barrower pmvided far in[his Securiry Instrument shall be given by delivering it or � `'�';. •,._1��T--
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<br /> by mailing it by fi�st class mail unless applirable law requires ux of ancuher me�hod. The naire.hall i+c JirectcJ io the � �.� �_„__'-
<br /> Nroperty Addrcss or any u►hrr aJd�e.a BorrowCr dr+ignates by nuticc to l.a�nder. Any rnuirc�o l.ender shall tx•Uiv�n hy • _�',,-_a y _
<br /> �� first class moil to Lender's address stated herein or any other address I.ender deaignates by nWice t��Borrower. Any notice ,
<br /> �•S � provided for in this Security Instrument shall be dee m e J to h ave been given to B orru w e r o r L e n der when givcn as provided , •• ..y,.;
<br /> in this paragraph.
<br /> 13. Govecning law;Severpbillly. This Security Insaumant shall be govcrned by fedcral law und thr law nf the
<br /> �� jurisdiction in whicM the Propeny is Iaca�eA. In the event that any provisian or clause af thi�Security Inxtrument or the Note '. • . v ���• -
<br /> canflicts witli applicab►e law,such conflict shall not affect other provisions uf this Security Instrumem or the Note which ,
<br /> can be given effect Without the conflicting provisi�n. To this end the provisions uf this 3ecuriry lnstrument and the Note ,�„�,��',
<br /> : ,.•.
<br /> arc declared to be scverable. •
<br /> �� 16. Borrower's Capy. Borcower shull be given une conformeJ copy�of thr ti.�te and of ihis Securiry tuctrument. , • ,'- �:f,:
<br /> 17. Trnnster oP the Properly or�Benelic{al Interest in Borrawer. 3f al� ur any part of the Propeny �x any '
<br /> I interest in it is sdd or transferred(or if a beneficial interest in 8orcower is,old or�ransferred and Borrower is not a nrt;�ral •
<br /> person)without Lender's prior written cansent, Lender may, at its option, requirc immediatc paymcnt in fult of alt surns
<br /> � secured by this Securiry Instrument.However,this option shall not he exercised by L¢nder if exerciae i�proh�bit�d b� ftderal .
<br /> � I law as of the date of this Security Instrument. • •
<br /> lf Lender exercises this option. Lender shall give BoROwer notice of acceleration.The ndtice shall provide a period
<br /> i of not less than 30 deys from the date the notice is Jelivered or mailed within which BoiTOwer must pay all sum,>.ecured t_
<br /> � . � by this Securiry Instrument.lf Borrower fails to pay these sums prior to the expirution of this periad. I.�:ndcr may invoke �
<br /> . • ! any remedies permitted by �his Security Instrutnent without further aotice or demunJ on Borruwer. �,�"
<br /> 18. Botrower's Right to Reinstate. If Barrower meets certain conditions,Biinower sh�ll havc thc right u�have .
<br /> enforcement of�his Security Instrument discantinued at any time prior to the c•rrlier i�f: la) S days 1�►r such othcr periad
<br /> l as applicable law rnay specify for reinstatement)before sale of the Propeny pursuunt to any power of sale conwined in this
<br /> � _ I SCCU�iiy Iaalruu�ili;��i(b)CAify of a judgmcoi enforcing this Stcurity Im�n�tn�•nt. Thrne conditions arc that Borrowcr.
<br /> (a)pays l.ender all sums which Ihen would hr due under this Security Intitrumenl and �he Ni�te as if M►ucceleration had
<br /> � cecurred;(b)cures any default of any other cuvenants or agreements;(c)prys aU exp:nses incurted in enforcing this Sccurity "
<br /> i lnstrument,including, but nat limited to, reasonable attorneys' fees; nnd Idl twkes+uch uction as l.ender may rcatiunably �
<br /> require to assure that ihe lien of thic 5ecurity lnstrument, l.ender's rights in thc Property und Horrowcr's obligatian u��y
<br /> � the sums secured by Ihis Security In�trume��shall c�ntinue unchanged.Upon reinwtatcmen[by Barrower,thir S�curity !n�
<br /> � strument and the obligations secured hereby shall rcmnio fully effective us if no uceelerati�m had occurred. Howevcr, this
<br /> � right to reinstate shall not apply in the case o1'acceleranun under paragraph 17.
<br /> � 19. Sale of Note;Change oP Loan Servlcer. The Nute or a partial interr,i in thc Note(toRether with thu Scrurity •
<br /> Instrument)may he s��ld one��r more times without prior notice lo Borrower. A .ale may result in a�hange in the cntity ,
<br /> � (known us the"I_oan Serviccr") Ihat coUec�s manthly payments du� umler the Nu�r :,nJ this Security In��rumcnt. There
<br /> � also muy be one or:nore changes nf the L�ian Servicer unreluted to a sale nl�hr hutr. If there is a change of thc Loan
<br /> � Servicer, Borrower will t►e given written natice of the change in accordancc wi�h paragruph 14 abcwe and applic�ble law.
<br /> I The notice will state the name and addres�of the new Laan Servicer and thc aJdress to which payments slxiuld be mude.
<br /> The naice will also contain any other inf�rmation required by applicable luw.
<br /> 20. Hw.ardous Substanees. Borrower shall not cause or permit the pre�enc�, u,r,dispinal, saxage,or relrase ..
<br /> nf any Hazardous Substances on or in the Ptoperty.Borruwer shall not do, nnr alluu•un�unr clse t�do,unything�i'fcrting
<br /> the Property that is in violati�m oP any�nvironmental Law,The preceding twu,entenc�+tihall not apply to thc pre+ence,
<br /> use,or storage on the Propeny af smull quantitics of HazarJous Substances that arc genrrally reca�nixed a►hc appr��pria�e
<br /> � to normul residential uscti und to ma�ntcnance of thc Pruperty.
<br /> Borrowcr shall promptly givc L.ender wriucn noticc ot'uny investigauon,claim.Jrm�nJ, 1•rw.uit or�xhcr ac�ion by
<br /> any governmental or regulutory agency ar private party involving thc Pm�xny und :my Haznrdnus 5ubstance ar
<br /> � Environmental Law of which Borrower has actual knowledge. If Borrower Iearn+,��r i. n��titi�d by any governmental or
<br /> E' � regulatory authority,that nny rcmovul or otlxr remediatinn of any Haxurd�w�Suh,tanrr:d�f'rcun�!thr Propeny i,necessary,
<br /> ,� porrower shall promptly take •rll nerrssary remedial uciions in uccordan�:c with Em irunment.il Law.
<br /> . , As used in this paragraph 20,"H:aarJou�Substanrc+"arc thotic suh.iancr�d�lincJ:��tu�ic or har.ard��u�.uh,�ancc.
<br /> j by Environmemal l.uw•rnd�he following suhstunceti:gasi�line.kcro.ene,a1h�r flammahle��r taxrc�xtroleum pnxfuct,,tuxi�
<br /> pesticides and herbicides, volatilc �nlvents,matcriulr rontaining ashr����+��r t��rmaldrh��d.�, ;�nd rudio:utive murcrial.. As
<br /> � used in this paragraph 20,"�nvironmenlul Law"means 1'ederal laws and luw�ti nt the Iun�J�:ti�m w•here tlm Prop�:rty iti I�x ated
<br /> that rclate to health, safety nr envirnnmentul protectiun.
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<br /> NON•UNIFOR�t CtIVENANTS.Borruwer anJ lxndcr furthrr cuvrnautl .tnJ at�r«• :�� h�lluu ti:
<br /> • � 21. Accelerallon:Remedle�.Ixnder shall�ive nntice lo Borrower prior t�i uccelerution fidluwin�FMrrnraer'�
<br /> � bt�each oi'Any covenanl or agreement in Ihis tiecurilv Instrument IAut not prinr to accelerali�►n under psvw�raph 17
<br /> � unless applicabte Ww provfdes othrrwise).The nutice yhwll specify:lal the default:Ihl thr acli�m required In rure the
<br /> � deflault; (c) a daie,not less th�n JO days from the dpte the nutlre i+�i�en to Rorrv�wrr, In• µhich the default mu�t
<br /> i be cured:And Id)lhat tAilure to cure the default on or before the dale sp��clfied in thr m►tice ma}•rexult in arrrleration
<br /> � of lhe sums secured by thic Serurky Instrument�nd sate of the !•ropert}�. i ne nrnire snaii iurtner iniurm n.�rr..»ci
<br /> i ot the rfght to reinstate aRer acrrlerrtion end the ripht to b�fnR a rourt ��ctfon t�►u++ert the n�mi xistence�►f a dcfault
<br /> ' or any other defense ot Borrow•er to skcrleration�nd+�le. IP the default i+not cured on n�hefore the dale.�ified
<br /> in the notice.Lender at its option may r��uire immcdiatc payment in f'uU uP all+um.utiured b�thi.tia�urit��In.titrument
<br /> wit6out further demand Lnd may Invake thr p►w•er af wle�nd any other rerordic+permiurd Ny applicable law. le•nder
<br /> shall be entttled to collect all expenses incurrrd in pursuinR the remedicti pr���id���i in �hi. par�aruph 21,includinK.
<br /> but not Ilmited to,reawnable attorneys'fees and costs ui tltle e��ldence.
<br /> � � Form�021 9�90 �pag�•�����p�er,►
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