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<br /> 13. l.aun Charg�. If thc laan sccurcd by this Sccuriry Instrumcnt is subjec�to a law which �cts m.iximum loan �"Y
<br /> churges, and [hat law is finaily intciprotcd so thac thc iittcrest or cnhcr loan chargcs collccted or to hc collec�cd in ,��,;,
<br /> connectian with the laun exceed the permeted Iimits, then: lal any such luan charge shall be reduceJ by �hc amount ..��,__.v_.
<br /> ncccssary to reducc thc chargc ta�hc permiucd limi�;�uid(b)any sums already rallcctcd from Barrowcr which cxcccdcd -;•,�.�
<br /> permitted limlts will bc refundcd to Borrawcr. l.ender may choose to make ihis rcfund by rcducing �hc principal owcd � .,;+_��:�
<br /> under the Note ar by making a direct paynxnt to Borrower. If a refund reduces principal,the reductian will be�rcated as n �:;'7 _ _v
<br /> partial prepnymcnt without u��y prrp�+ymun�chargc undcr thc Note. ._.' - .
<br /> l4. Noticcs. Any noticc to Borrowcr provided for in this Sccurity Instrumcnt shall bc givcn by dclivcring it or by •'���
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<br /> mailing it by first class mail unlcss applicable law requires use of another method, The notice shall be directed to the ��._:
<br /> �� Property Address or any othcr nddress Borrawcr dcsignatcs by noticc ro Lendcr. Any noticc to Lendcr shall bc given by _- .---
<br /> first class mall to l.ender's address statcd herein or any other address Lender designates by notice to Borrower. Any natice __
<br /> provided for in this Sccurity lnstrument shall be dcemcd to have been givcn ta Borrowcr or Lendcr when givcn as provided in _—
<br /> thls paragraph. • _ - --
<br /> I5. Governijtg Lnw; SeverablUty. This Security Instrument shall be governcd by federal law anJ tlie luw of thc
<br /> jurisdiction in which the Property is locatcd. In the event that Any provision or clause of this Ser.urity Instrument or the
<br /> Note conflicts with applicable la�v, such conflict shall no[ affect other provisions af this Security Instrument or the Note
<br /> wMch can be given effect without the conflicting provislon. To this end the provisions of this Securiry Instrument and the __
<br /> Note are declarcd to be severable. .;-
<br /> 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Securiry Instrument. �_-
<br /> 17. Transfer oP the PropeMy or a Beneflcial Interest in Borrower. If all or any part of the Prc,perty or any ��,,,`�
<br /> interest in it is sold or[ransferred (or i f a beneficial interest in Borrower is sold or transferrcd and Borrower is not a r-
<br /> natural person)without l.ender's prior wriuen conscnt, Lcnder may,at its option, requirc immediate payment in full of all __._
<br /> sums sccured by this Security Instrument. However,this optian shall not be exercised by Lender if exercise is prohibited by
<br /> federal law as of the date of this Security Instrument.
<br /> } - If I.ender exercises this option, Lendcr shall sive Borrower notice of acccleration. The noticc shall provide a perlod of
<br /> , not less than 30 days from the date[he notice is delivercd or mailed within which Bonower must pay all sums secured by
<br /> �, this Securicy Instrument. If Borrower fails to pay thcse sums prIor to thc expiration of this periad,l.ender may invoke any
<br /> ' remedies permittcd by this Securiry Instrument without further notice or demand on Bonower. _
<br /> . � 18. Borro�ver's Right to Reinstate. If Borrower meets ccrtain conditions,Bonower shall have the rfght to have
<br /> �, enforcement of this Security Instrument dlscontinued at any time prior to the earlier of: (a)5 days(or such other period as ,
<br /> applicable law may specify for rcinstaternent)before sale of the Propeny pursuant to any power of sale contained in this
<br /> Security Instrument;ar(b)entry of a judgment cnforcing this Security instrument. Those conditions are that Borrower: (a)
<br /> pays Lender all sums which then would be aue under chis Securiry iust�wtier�i ar� thc Nate ao if na accelesation had _ �_
<br /> �� occurred; (b) cures any default of any oiher covenants or agreements; (c) pays all expenses incuned in enfarclnE this
<br /> 5ecurity Instrument, including, but not limited to,reasonable attomeys' fees; and(d)takes such action as l.ender may ',_
<br /> reasonably require to assure that thc llen of this Security Instniment, Lender's rights in the Property and Bonower's .— _�..
<br /> • obllgation to pay the sums secured by ihis Security Instrument shall continue unchanged. Upon rcinstatement by
<br /> Borrower, this Security lnstrument and the obUgacions secured hereby shall remain tully effective as if no acceleration Gad • , _
<br /> occurred. However, this right to reinstate shall noc apply in the case of acceleratton under paragraph 17. `��
<br /> ° 19. Sale of Note; Change of LoanServlcer. Thc Note or a panial interest in the Note(together with this Security '="_�
<br /> . Instrument) may be sold one or more ttrnes wiihout prlor notice to Borrower. A sale may result in a change in the entity __
<br /> (known as the "Loan Servicer") that collects monthly paymen[s due under the Note and this Security Instrument. There _
<br /> also may be one or more changes of the I.oan S�n�icer unrelatcd to a salc of the Note. If there is a change af thc Loan -=�
<br /> , Servicer, Borrower will be given wriuen not ice of the change in accordance with pazagraph 14 above and applicable law. ;:���
<br /> The notice will s[ate the name end address of ihe new l,oan Servicer and the address to which puyments should be made. :3�,.�—
<br /> �. The notice will also contain any other infamation required by applicable law. __�---
<br /> 20. Hazardous Substances. Borrower shall not cause or permit the presencc, use, disposal,storagc, or release of -:::____
<br /> any Hazardous Substances on or in the Propeny. Borrower shall not do,nor allo�v anyone else to do. anything affecting •;���=-�.
<br /> � che Property that is in violation of any Environmcatal Law. The preceding two sentences shall not apply to the presence, . �`�'—
<br /> � use,or storage on the Propeny of small quantities of Hayardaus Substances that are generally recognized to be appropriate to '�'i",��_,
<br /> normal residential uscsand to mainter�anceofihe Propeny. =`�- '�`'_�`---__
<br /> Bonower shall promptly give Lender wriuen notice of any investigation,claim, demand, lawsuit or other action by ___
<br /> �°; uny govemmcntat or rcguiatory agcncy or private party im�olvtng the Property and any Hazardous Substance or �
<br /> ! Environmental Law of which Borcower has acival knowledge. If Borrower learns,or is notifted by any govemmental or ' �
<br /> regulatory authority,that any rcmoval or aher remcdlation of any Ha•rardous Substancc affccting the Propcny is necessary, +''������.
<br /> � Borrower shall prompdy take all necessary remedial actions in accordance with Environmental Law. '�,���`�":;.�'• :'.
<br /> ; As used in this para�raph 20,"Hazardous Substances"are those substances defined as toxic or haz�3rdous substances by ".��,�.��::.�� •
<br /> � Environmental Law and the following subs�amcs:gasolinc,kcrosene,other flamrnable or toxic petroleum praducts,toxic !�;;,
<br /> � pesticides and herbicides, volat�le solverns, rnaterials containing asbe�lu�or formaldehyde, and radioactive materials. As i
<br /> uscd in this paragraph 20, `Environment�l Law"mcans fcdcral laws and laws uf the jurisdiction where thc Propeny is
<br /> j located that rclatc ta health,safcty or environmental protection.
<br /> 1 NON-UNIFORM COVENANTS. Borrower and Lcnder further covenant and agrec as foUows:
<br /> � 21. Accelerntton; Remedies. Lendershall give notice to Borrower prlor to accelerution follo�v(ng Borrower's I
<br /> I breach of any covenunt or ugreement In this Secur(ty Instrwnent(but not prior to urceleratlon ander parn�ruph 17 �,
<br /> unl�s appl[cuble la�v provides utherwlse). The nottce shull specify: (u)the defuult;(b)the actlon requfred to cure � r
<br /> I the defuult;(c)u dutc,not Iess than30 deyc trom thc dutethc notice Is given to Borro�rer,by whlch thc dcfnult must be �
<br /> jcurcd:und d)thut Pullure to cure the defnulton or hefore the dete specified In the nottce muy result(n accclerntton oF �
<br /> : the sums securcd by this 5erur(ty Instrumcnt und sale of the Property. The not(ce shall further intorm Borrower of
<br /> . rh�rtnht to reinstate ufter►uceler�tion and the right to bring u court uctlon tu assert the non-existence ot'u default or � .
<br /> uny othcr dcfense uf Borroa�cr to i�cccleratton and sulc. If thc dcfuult is nut rured on or bet�orc tne avte spccinea in � - __
<br /> the noticc, Lendcr nt itx optton mur rcyuire immedtutc puymcnt in full of all sums scrured by this Security
<br /> Instrumcnt �rithout furthcr demund und muy Invokc the power oP sulc and uny athcr rcmedtec permitted by I
<br /> upplicublr.lu�v, l.cndcr shall be cntitled to collcct ull erpcns��s incurred in pursuin�:hc remedies provtded in this
<br /> paru�n�ph 21. Includin�;, but nut It�nitcd to, rcusom►ble iittorncy:fc��+ ��nd rusts uf titic evidencc.
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