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<br />13. Joint and Several Liabllity; Co-si�ners; Successors and Assigns Bound. Boxmwet' cov�nants and agrees
<br />that Borrower's obligations and liability shall be �oint and several. However, any Borrower wha co-signs this Secwnity
<br />Tnstrurnent but does not execute the Note (a "co-signer'�: (a) is co-signing this Security Instrunne�nt only to rnortgage, grant
<br />and convey the casigner's interest in the Propertyunder the terms ofthis Security Tnstrurnent; (b) is notp�rsonallyobligated
<br />to pa� the sums secured by thrs Security �strument; and (c) agx that Lender and any other Borrower can agree to extend,
<br />modrfy, forbear or make any accomrnodations with regard to ttl e ofthis Security Instrument or the Note w�thout the co-
<br />signer's consen�
<br />; Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower's obligatians
<br />under this Security Instrum,ent in writing, and is approved by Lende�r, shall obtain all of Barrower's rights and benefits under
<br />this Security Instrument Borrowc�r shall not be released fronn Borrower's obligations and liability under this Security
<br />Instrument unless Lender agrees to such release in writing. The covenants and agrr.�rnents ofthis Security Instrurnent shall
<br />bind (except as provided in Section 20) and benefit the successors and assigns af Lender.
<br />14, Loan Charges. �ender rnay charge Borrower fees for services performed in connection with Sorrower's
<br />default, frn the puipose ofproi�ecting Lender's interest in the Pro� �ty and righ�s under this SecurityInstrument, including,
<br />but not limited to, attorncys' fees, propertyinspection and valuai�on�fees. In regard to any other fees, the sbsence ofexpress
<br />authority in this Security Instiument to charge a s�ccific fee to Boxrower shall not be construed as a prohibiiion on the
<br />charging afsuch fce. L,ender maynot charge fces that are expresslyprohibited bythis Security Insirument ox by Applicable
<br />Law.
<br />�'the I,oan is subject to a law which sets maxirnum loan char�es, and that law is finally interpreted so that the
<br />int�rest or other loan charges collected or to be collected in connection v�nth the T oan exceed the permitted lirnits, then: (a)
<br />any such loan chargc shall be reduced by the amount n�cessary to reduee the chaxge to the permitted limit; and (b) any sumns
<br />already collected from Bonrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make
<br />this refund by reducing the principal owed under the Nate or by maldng a di�ct payment to Borcower. If a refund reduces
<br />principal, the reduction will be treated as a partial �repayment vv�thout any prepayiment charge (whether ar not a prepayment
<br />charge is provided for under the Note). Borrower s acceptance ofany such refund made by direct paymcnt to �orrower will
<br />cqnstttute a waiver of any right of ac�on Borrower might have arising out of such overcharge.
<br />15. Notices. All nodces given b�+ Borrower or Lender in connecdon with this Security Instrument must be in
<br />writing. Any notice to Borrower in connechon. with this Security Instrument shall be deemed to ha.ve been given to Borrower
<br />when mailed by first class mail or when actually delivered to Borrower's nolice address if sent by other rneans. Notice to any
<br />one Borrower shall cons�tute notice to all Horcowers unless Applicable I.aw expressly requirss otherwise. The notice
<br />address shall be tlie Property Address unless Borcower has dcs�gnated a substitute notice address by notice to Lender.
<br />Borrnwer shall promptly nodfy Lender af Borrower's change of addr�ss. If Lendcr specifaes a procedure for reporting
<br />Borrower's change of adixess, then Bot7rower shall onlyxeport a change ofaddress through that speci�ed procedure. There
<br />may be only one designated natice address under this 5ecurity Instrument at any one time. Any notice to Lender shall be
<br />given by delivering it or by rnailing it by first class mail to �cnder's address stated herein unless Lender has designated
<br />. anather address by notice to Borrawer. Any notice in connection with this Security Tnstrument shall not be deemed to have
<br />beeii given to Lender until actuall� received by Lender. Zf any noticc required by this Secuxity Instrument is also required
<br />under Applicablo Law, the Apphcable Law requirexnent will satis�fy the corresponding requirement under this $ecurity
<br />Instrurnent .
<br />16. Governing Law; Severability; Rales of Construction. This Security Instrument shall be governed by
<br />federal lavv and the law of the �uxisdictipn in which the Property is located. All rights and obiigations contained in this
<br />Security Instrument �e subject to anyrequirements and limitatians ofApplicable �.aw. Applicable Xaw rnight txplicitlyar
<br />implicitly allow the pariies to agree by contract or it might be silent, but such silence shall not ba aonstrued as a prohibition
<br />aga�nst agreernent by contracL In the event that any prornsion or clause ofthis Security �nstrument or tha Note conflicts with
<br />Applicable Law, such conflict shall not a�ect other provisions of this Security Tnstrurnent ar the Note which can be given.
<br />ef�ect without the conflicting provision.
<br />As used in this Securrty�nstrument: (a) words ofthe masculine gender shall mean and include correspond�n� neuter
<br />words or wards of the feminine gender; (b) words in the singular shall mean and include the pluxal and vice vecsa; a dn (c) the
<br />word "ma}�' gives sole discretion without any obligation to take any ac�ion.
<br />17. Borrower's Copy. Sorrower shall be given one copy pfthe Note and of this Security Tnstrurnent
<br />18. Transfer of the Property or a Bene�ictal Interest in Borrower. As used in thrs Scction 18, "Interest in the
<br />Propert� means any legal or beneficial mterest in the Property, including, but not limited to, those bentficial interests
<br />transferred in a bond for deed, cantract for dced, installrnent sales contract or escrow agreernent, the intent of which is the
<br />transfer of title by Boxrower at a future date to a purchaser.
<br />If all or any �art of the Property or any Int�rest in the Property is sold or transferred (or if Borrower is not a natural
<br />person and a beneficial interest in Borrower ys sold or transfexred) without I.ender's priox written cansent, Lender may
<br />require immediate payment in full of all sums secured by this Security rnstrument, However, this option shall not be
<br />exercised by T.ender if such exercis� is pzohibited by Applicable �.aw.
<br />ZfJ.ender exercises this option, Lender shall give Borrower notice ofacceleration. Thonotice shallprov�ide apeniad
<br />ofnot less than 30 days from tho date the notice is given in accordance with Section l5 within which Borrower mustpay al]
<br />sums secured by this Security Xnstrurnent Tf Borrower fails to pay these sums prior to the expiration ofthis pexiod, Lender
<br />may invoke any remedies permitted hy this Security Instrument vv�thout turther notice or demand on Borrower.
<br />19. Borrower's Riight to Relnstate After Acceleratiori. IfBorrower meets certain conditions, Borrower shall
<br />have the right to have enforcernent of this Security Instrurra�ent di�continued at any time prior to the earliest o� (a) five days
<br />before sale of the Properry �ursuant to an�+ power of sale contain,ed in this Security Ynstrument; �b) such other period as
<br />Applicable Law rnight spec�fy fior the termmalaon of Bqrrower's right to reinstatc; ar(c) entry of a�udgment enforcing this
<br />Security Instrument Those conditians are that Borrower: (a) pays Lender all sums which then would be due under this
<br />Security Instrument and the Note as if no acceleration had occunred; (b) cures any default of any other covenants or
<br />agreements; (c) pays all expenscs incurred
<br />in enforcing this Secarity Inslrurnent, including, but �not lirnited to, reason,able attorneys' fees, properiy inspection and
<br />valuation fees, and other fees incurred for the purpose ofpratec�ing T�der's interest in the Property and nghts under this
<br />5ecurity Instrument; and (d) takes such action as Lemder may reasonably require to assure that Lender's interest in the
<br />Property and rights under tl�is Security Inshument, and Borrower's obligadon to pay the sums secured by this Security
<br />Instrument, shall continuc ux�changed. I,ender rnayrequire that Borrower pay such reinstatement sums and expenses in one
<br />or more of the following forms as selected byLer►der: (a) cash• (b) rnoney order; (c) certified check, bank check, treaswr�r's
<br />check ar cashier's check, provided any such chcck is drawn upon an inshtution whose depasits are insured by a fedcral
<br />ageney, instrurnentality or entity, or (d) �lectronie F'unds Transfer, Upon reinstatcment by Borrower, this 5ecurity
<br />Instrurnent and obligataons secured hereby shall remarn fitlly effec6ve as ifno acceleration had occurred, However, this right
<br />to reinstate shall not apply in the case of acceleration under Scction 18.
<br />20. Sale of Note; Chan�e of Laan Servfcer; Notice of Gr6evance. The Note nr a partial interest in the Nota
<br />(together with this Security Instxument� can be sold one or more times without prior notice to Borrower. A sale might result
<br />m a change in the entity (Irnown as tha `I.oan Service�') that collects Periodic Paymernts due under the Note and this Secucity
<br />Instrwnent and perforn�s other mortgage loan servicing obligaUons under the Note, this Security Instruman� and Applicable
<br />Law. There also might be one or more changcs af the Loan Servicer unrelated to a sale of the Note. If there is a change vf
<br />the Loan Servicer, Borrower vvill be given wntten notice of the change which will state the name and address of the new
<br />1VEBxtASKA�ingle Family--Pannte Mae/Freddie Mac UNIFQRM INSTRTIM�NT (lyX$g5� Form 3028 1/tl i(pqge 6 af 8 pages)
<br />, 12439.CV (1/08) 20006858 Creakive Thinldng, Inc.
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