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<br /> ., 13. l.oan Cbnrgcs. If the loan scr,ureJ by t1�iR Security Instrument is subjcct to a!nw which sets maximum loan
<br /> chnrges, and that law is finally interpreted so thnt �he interest or othee loan charges collected or to be collected in
<br /> - counection with tt�c loan exceeA thc permltRCd Umita, thcn: (U) uny such lonn ct�nrge s1�Nl be rcduced by thc nmount
<br /> -, nccessnry ta reduce thc charge to the�ermittcd limft; nnd (b)nny sums nlrenAy collected from E��rrower which cxceeded
<br /> .. i � pern�iued Umits v�pl be refunded to Borrawer. Lender mny choose to muke thia refund by rcducing the princiPal owcd
<br /> undcr tlic Note or by making a dlrect payment to 9orrower. �f n rcfund reducca principal,thc rcductlon will be trcatcd as a
<br /> y., .`,�� partial prepayment without nny prepaymeut cliai�ge undcr t{�c Note.
<br />' •�� 1�?. ltiU6:C!�. nny ��uuu.�v^uv�iu�JC,�Ti�v�:�L�••f4E !:t thie G'r��r��y Inxtniment ahall bc aiven tiy dclivcrins it or by _
<br /> �+� � `� maiUng it by first clpss maii unless npplicnble law requires use of�tnother method. The notice shall be direc�en to thc
<br /> Property Address or any other addmss Borrower designates by notice to Lender. Any notice to Lender shall be given by
<br /> ,"°�� firs[class mail to I.ender's nddress etated herein or any otk►cr address Lender designatcs by notice to Borrower. Any notice �-;�
<br /> �:
<br /> provi d e d for in t h is Securi q�l n s t r u m e n t s h a l l b e d c e m e d t o h a v e h e e n g l v e n t o B o n o w e r o r L e n d c r w h e n Sivcn as providcd in �..
<br /> �. ; thls pazagrnph. �:
<br /> • 15. Governing Law;Seveinbtltty. This Securlty Instrument shall be governcd by fedcral law a�id tiie law of thc _.
<br /> '� jurisdtction in which thc Progerty is located. In the event thnt any proviston or clause of this Security lnstrument or the c
<br /> „, . Note cunflicts with appll�able InN, such con�lict erovi ion af To this end theisrovisi nslof his Securityr[n trun enthand the --
<br /> which can be given effect without the conflictin�p P =
<br /> � ���" Note are declarcd to be severable. t-
<br /> °�" r'' '�' 16. Borrower's Copy. Bonower shall be given one wnformed copy of the Note and of this Security Instrumcnt.
<br /> �:�.:�� .a�l
<br />-= ��•° ��< 17. 'I��anster ot the Prop�rty or a aeneflctal Interest tn Borrawer. If all or any part of the Properry or any
<br /> •6 •• interest in it is sold or transferred (or if a beneficial intcrest in Borrower is sold or transferred and Horrower is not a �
<br /> ���;:,�. � natural person)without Lender's prior wdtten consent,Lender may, at its option,re�uire immediate payment in full of all _
<br /> ` � . sums secured by this Security Instrument. However,this optlon shall not be exercised by L.ender if eaercise is prohibited by �
<br /> - federal law as of the date ot this Securiry Instrument. �.'
<br />-�'�`='�"' �. If Lender exerciaes this�ption,Lender shall give�onower notice of acceleration. Tt�e notice shall provide aperlod of �
<br /> ,a,�,'.: , • not less than 30 deys ftom the date the notice is dolivered or mailed within which Borrower must pay all sums secured by e�_
<br />- �•••r'` this�ecur[ty Instrument. If Bonower fails to pay these sums prlor to the expiration of this periad, Lender may invoke any
<br />_ _'..�.;;.' remedies permitted by this Se,curiry Instrument wlthout further nutice or demand on Borrower. •--
<br /> �� , ,;:��; 18. Borrower°e Right to Relnstate. If Bonower meets certain conditions, Bonowar shall have the right to have _
<br /> :�>^ �. enforcement of th�s Securiry Instrument discontinued at any time prior to the earlier of: (a)5 days(or such other period as __
<br /> � a licable law ma s i for reinstatement)before sale of the Pro rty pursuent to any power of snle cantained in this
<br />-'r:.:; °'• PP Y P�fY Pe
<br /> �=�t�F-•r�° .- Security Instrument;or(b)entry of a Judgment enforcing this Securlty Instrument. Those condttions are that�onower: (a)
<br /> ,,,';Y�.�'::r�},,: •, pAys Lender all sums wpich then would be duc uudci u►►5 Sa.ariiy Ias�-umens :s:d s.he Note as if n_o errplPrarion had
<br /> • occuned; (b) cures any default of any other covenants or agreements; (c)pays all expenses incurred in enforcing this
<br />�""`;���� Security Instrument, including, Uut not limited to, reasonable attarneys' fees; and(d)takes such action as Lender may
<br />_--'�'?��' reasonably requlre to sssure that the lien of this Securiry Instrument, Lender's rights in the Properiy anc3 Borrower's _
<br />_- . - :��,�, obligation ta pay the sums secured by this Security Inswmeat ahall conttnue unchanged. Upon reinstatement by
<br /> {�;� Borcower,this Securiry Imstrument and the obligations secured hereby shatl remain fully effective as if no acceleration had
<br /> --y-�+�� occurred. However,this rtght to reinstate shall not apply in the case of acceleration under paragraph 17.
<br />� _„� 19. Sale oi Note; Chan�e oi Loan ServScer. The Note or a partial interest in thc Note(together with this Securiry
<br /> _._�,�:�„;,,� Instrument)may be sold one or more times without pr[or notice to Borrowee. A sale may result in a change ia the entity
<br /> - --Ye�;�i (known as the "Loan Servicer") that collects monttily paryments due under the Note and tliis Securiry Instrument. There
<br /> :-=.=��� also may be one ur more changes of the Loan Servlcer unrelated to a sale of the Notc. If there is a change of the i.oan
<br /> --`° Servicer,Borrower will be given written notice of the change in accardance with paragraph 14 aUove and appl[cable law.
<br /> - The notice will state the name and address of the new Loan Servicer and the address to which payments should be made.
<br /> --�--- == Thc notice will also contain any other information requlred by applicable law.
<br /> - " = 20. HAZ�u'dous Substances. Bonower shall not caus�or p•rmit the presence,use, disposal.storage. or rclease of
<br /> ---- �_� any Hazardoiu Substances on or in the Property. Borrowcr shall not do,nor allow anyone else to do, anythiug affecting _
<br /> ==_� tlie Property that is in violati�n of any Environmental Law. •The precedtng two sentences shall not apply to the presence,
<br />- -__- _ � use.or srorage on the Property of small quantities of Hazardous Substances that aze generally recognized to be appropriate to
<br /> --=- -�—' nflrmal residential uses and to maintenance of the Pcoperty. _
<br /> -- - - Hon�ower shail prnmptty eivc Lender wrltten notice af any investigation,claim,demand, lawsuit or other action by
<br />-- --—_�� any governmental or regulatory agenoy or private party involving the property and any Hazardous S��batance or
<br /> ����� - Environmental Law of which Borrower has actual knowledge. If Borrower leams,or is notified by any govemmeatal or
<br /> � -��_�� regulatory autt�P�dty,that any removal Ar odier remediation of any Hazardous 5ubstancc affecting the Property is necessary, -
<br /> - �.=T�� Banower shall promptly take all aecessary remedial nctiona in accordance with Environmental Law.
<br /> --� �:,�, As used in this paragraph Z0,'Hazardoue Substances"are those substances de�ined as toxic or hazardous sabstances by
<br /> _-r�r��:?=' Environmental Law and the following substa�ices:gasoline,kerosene,other fiammable or toxic petrolcum products, toxic
<br />--��'r:- ., pesticides and herblc des,volatile solvcnts, materials contatning asbestos or formaldehyde.and radioactive materials. As �
<br /> 4.:-�.,• i
<br /> _-=�•`:�7= • used in this pazagraph 20, "Bnvironmental Law" means fcdernl laws and laws of the jurisdiction whem the Property is =
<br />;�;";T;- ��=-F� located that relatc ta healtli,safery or environmental protection. :r-'�
<br /> "' '= " NON-UNIFORM COVENANTS. Bonower and Lender further covenant and agree as follows: �':
<br /> �-'�3�-;c.,.,;;;,,` Zl. Aeceleretton; Remedies. Lcnder sl�all glve nottce to Borrower prtor to accelenttion tollowing Borrower's �
<br />_- _:.��:,:::�� � .�� breacl�ot any covenanR or agreem.ent in thls Securtty Instrument(but not prior to accele�atinn nnder paragraphl7 ^
<br /> -- �;;:,� • unless eppltcable lew providcs ott�erwtse). The nottce shall specify: (a)the default; (b)the actton requtred to cure
<br /> -'���, � • � the dePault;(c)a date�not less than30 days from the datethe mottce(s glven to Borrower,by which the dRfaWt must be �
<br /> ' 'x' cured;and d)that[allure to cure the default on or before the date specified[n the notice may result[n acceleratlon of -
<br /> -` w the sums secured by this Secur[ty Instrument and sale of the PropeMy. The notice shall f�urtl►er in4orm Borrower of `,"
<br />'!-�a r�, the right tu��el►istute efter acceleeation and the right to br[ng u court action to nsscrt thc non-exlstence of e default or �
<br /> --�.�__ .Ya_ ..�...D�.N.e Ao�o no..Itlnd[n -
<br /> � :�:-t any other defense oT Borrower to acceierniion anu saie. ii inc tecinun��uvi w.cv v.-.v, ....................+�r�......�-— _
<br /> �� � the notice, I.ender at its optton muy require immedlate puyntent In full of eU sums secured by thts 5ecurlYy ;
<br />- '' Instrurnent w[thout furtl►er demand and may invoke thc powcr of sale �nd auy oii�er remedtes permitted by i
<br /> - � appltcable law. Lender shall be entitled to collect nll expe►ues incurred in pursufng thc remedies pn►vfded in this �
<br /> paragraph 21, imcluding, bu3 Rot Itmited to, reasonable nttorneys'fees and costs of title evldence.
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