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<br /> ' ,; 13. Losu Charges. If ttie toan secured by this Security [nscrument is subject to a!aw which sets maaimum loan �- -
<br /> , � chazges, and that law is finalty inte�preted so that the interest er other loan chazges collected or [a be colierted ia � < <
<br /> . � ; oonn e c t i o n w i t h t h e t o a.n e x c e e d the p e r n titted limits. then: (a)anY such loan charge shall be reduced by the amount `
<br /> - - ----' � - a e�e s s a c y tQ ceduce�he charge to the permiaed limit;aad(b)anY sums already oollect�d fcom Borrower w h i c h e a o e e d e d --_—> -
<br /> .. , �i permitted limits anU be nfunded to Bortuwer. Len der may c huose to m a k e t b i s r e fi m d b y z a i u c u�t t f e�{s a t a+�d ., . -
<br /> . . � ; ; ander the Note or by u►aking a dima Payment to 8osrower. If a refund reduces priaciPal.the reducdon will be ueated as a �_:.
<br /> .` .� . . • ° paztial prepayment without any prepayment charge under the Nate. '„; , .
<br /> ` .=�=� 14, Plot�ces, Any notice to Boaower provided for in this Securi�}r Instiument sha11 be given by de livering i t o r 6 y
<br /> _�� mailing it by fust class mail uniess apPlicable Iaw requires use of another method. The notice steall be directed to the �_::.4..�.:- ;.
<br /> — - , f property Address or any other addmss Borrower designazes by notice to Lender. Aay notice to Leuder shatl be given by -- - - , ,. .
<br /> , first class mail to L e n der's addre.ss stated herein or auy other address i.ender designates by norice to Bormwer. Aay narice . ?.`
<br /> , � provided for in tJus Security Instrument s�►all be dee�ued to have been givea to Borrower or L�nder when given as pmvided in
<br /> this patagaph. .
<br /> - .` � 15. Goveraing Lasv;Severability. Tfiis Secut►ry Insaument shall be govemed by federal law aad the law of tlte •l�<-;.��- •.
<br /> � •: , jurisdiction in wiuch the Properry is located. In the event that any provision or clause of this Security Insuument or the , �__,
<br /> � ' ' Note conflicts with applicable law,such conflict shall not affea.other provisions of this Security Instnunent or the Note • ,...
<br /> ' � � `} wluch can be given effect arithout the oonflicting provision. To this end the provisions of[his Securiry Insmiment and the .. ;. ..
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<br /> � ' • '; Note are declared w be severable. ' ` � r` ����
<br /> ' � `�; 16. Boa�roaer's Copy. Bormwer shall be given one conformed coPY of the Plote aad of this Security Instr�ment. .. -� _�,,-
<br />- �" E 17. 'Itansfec of the Prope�ty or a B�eticial Interest in Borrower. If all or any part of the Pmperty or anY _
<br />= � � `. ! interest in it is sold or transferred (or if a beneficial interest in Horrower is satd or uansferred and Borrower is not a : i �
<br /> ; , `�:` � naturai person)without Lender's prior written coasent,T.ender may.at its opdon,require immediate paYment in fiill of all . �,-__
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<br /> s u m s s e c u r e d b y tbis Se.aui ty Ias[niment. However,this optEon shali not be exercised by I.ender if exerc'sse is pmhibited by -_.�-,....
<br /> ° � .`,r.:T � federal law as of the date of this Seciuity Insuument. ,. ;,�-.-
<br /> If Lender exercises diis uPtioa.l.e�der shall give Borcower noace uf acceleration. The nouce shall pmvide a period of :.�_�
<br /> _ _ . , ,�,'��'`�` �-`
<br /> � �. :; not less than 30 days from the date the norice is delivered or ma�led within ahich Borrower must pay aU sums secured bY
<br /> ' ' . .�., �g�rity Insuvment. ff Bonawer fails to pay these sums prior to the expiration of this�eriod,Lender may invoke any ..,�;�-.
<br /> '" remedies permiaed bY this Securit3+Instrum�nt without further notice or demand on Borrower. . .)/�� � �
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<br /> 18. Bonower's Right to Reiastste. If Borrower meets certain conditions,Borrower shall have the right ta have ,
<br /> � � enforcemeat of this Security lnsaument disconanued at any tune prior to the earUer of:(a)5 days(or such other�:od as _ '�'�,,.��';;.
<br /> . ' appliccble law may specifY for reiastatement)before sale of t6e Properry pursuant co aay power of sale wnt�aed in this . - ':.r�:`_
<br /> . Securiry Instrument;or(b)entry of a judgment enfatcing this Security lnscr�ment• Those conditions are that Borrower.(a) '• f _s;'���-.`
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<br /> � - pays Leuder all swns which then would be due under this Securiry lnstrument and the Note as if no acceleration had !i �.
<br /> . . occurted: N)cures any default of any other covenaats oa agrcemenu: (c)PaYs a11 expenses incurred in enfo�this "`:4't',;`�,�__:
<br /> • '. Se�uriry Instrument, including.but not limited to,reasc^��e attomeys' fees: aad(da cakes such actioA as Lender�nay .•!':-=y�
<br /> reasonably require to assuie that the liea of tdis Securit� �suument, I�der's rights in the Properry and Borroj�r's � r
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<br /> • abligadon to pay [he sums secumd by this Securiry Imsuument shall continue unc6anged. Upon reinstatemeat by � ;`
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<br /> Borrower.this Secudty(nstrumeat and the obligations secured hereby shall remain fiilly effective as if no acceleration had :_.�
<br /> �� ` '�� occurred.However.this right to reiastate sball not apply ia the case of acceIeraaon uuder paragraph 17. � �
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<br />::� • 19. Sale o!Nate:Change of Loan Servicer. T�e�ote or a partial interest in c�e Note(�oget�er with this S�curiry , .��-.
<br /> � • Instrument)may be sold one or more times without prior aotice to Borcower. A sale may result in a change in tbe entiry . '� +�,�,,;
<br /> (kaown as the "Loan Senricer")that collecu monthiy paymenu due under the Note and this Seturity Ins[niment. There � . -'.:�:,
<br /> ;_, � also may be one or more changes of the Loan Servicer unrelated to a sale of the Note. If[here is a chan8e of the Loan • ; ��:
<br /> Servicer,Borrower will be given wrinen notice of the change in accordaace with paraSraPh 14 above and applicable law. '._;�;�;
<br /> ' The notice will state the name and address of the near Loan Servicer and the address to wluch payments should be made. ;,;_,1_: � ¢.__'
<br /> ' The nouce will aiso contain any other informatioa required by applicable law. � � � �-�
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<br /> Z(►, fiazardous Substaaces• Barrower sha11 not cause or permit�e presence,use.disposal.storage,or release of ,1�`
<br /> � � ,;,.� any Hazardous Substances on or in the Property. Borrower shall not do.nor allow anyone else to do,anything affeccin8 , _ .
<br /> „�,i� the Property that is in violation of any F.nvironmental Law. The preceding two sentences shall aot apply to the presence,
<br /> .- : usr,or stonge on the Propecty of small quantities of Hazardous Substances chat are generally recognized to be appropdate to
<br /> ' norma!residential uses aad to maintenance of the Property.
<br />-.. Bonower shall promptiy give Lender written noticc of any investigation,claim.demand,lawsuit or othes action by , , „
<br /> � � any govemmental or regulatory ageacy or private party involving the Propecry and aay Hazardous Substauce or
<br /> ' � • ; Environmental Law of which Borrowes has actual knowledge. lf Borraa�er leams.or is notified by any governmental or . .
<br /> ` � regulatory authority.that any removal or other remediation of any Hatzr��:s Substance affecting the L�roperty is netessary,
<br />';,j,� , Boaower shall promptly take all necessary remedial actions in accordance with Environmental Law.
<br /> i As used in this pazagraph 20,'Ha7ardous Substances"aze those substances defined as toxic or ha7ardous substances by
<br /> �• ;• . . ., i Environmenta]Law and the following substances: gasoline,kerosene,other flammable or toxic petroleum products.toxic
<br /> . ; • � pesticldes and herbicides.volatile solvents,materials containing asbesios or formaldehyde. and tadioactive materials. As . �;
<br /> ,, 5 used in this F:sagraph 20. "Environmental Law" means federal laws and laws of the�urisdiction where the Property is
<br /> . ! Iccated that relate to health.safety or environmental protection. .
<br /> � ' NON-UNIFORM COVENANTS. Borrower and l.ender Porther covenant and agree as foltows: .
<br /> . � • � � 21. Acceleratiun; Remedies. Lender shall give notice to Borroaer prlor to acceleration following Borrower's
<br /> � 6reach oY any covenant or agreement in this Security Instrument(but not prlor to acceteration under paragrapb 1?
<br /> ' , wntess applicable law prnvtdes otherx�ise). The notice shall specify: (a)the defautt;(b)the action required to cure ,
<br /> • � tke default;(c)a date,aot tess than30 days fmm the date the nottce is gieen to Borrower,by�ic6 t6e detault musi be i . _-_,
<br /> ; cured;and d)that failure to cure the default on or 6eYore the date specitied in the notice may result in acceleretton of i
<br /> � , the sums secured by thls 3ecusity Instrumeat and sale of the Property. The notice shall further inform Borrowee o!
<br />. . 1 the Nght to reinstate after acceleratfon and the Hght to bring a court actton to acsert the noa-exlstence of a default or
<br /> � s�qy other defense of Borrotirer to accelcration and sale. If the default ie nnt cured on or bePare the date specifted in
<br /> the aotice, Lender at its opiioa may requlre lmmediate payment in Pull of aU sums secured by thls Securlty
<br /> � � Instrument without further dema�ed and may invoke the power of sale and any other remed4es permitted by
<br /> ' applicabte law. Lender shull be entitled to collect all expenses incurred in pursuing the remedies provided in this �
<br /> ' � i paragraph Zl,includiag,but not Iimited to,reasonable attorneys'fees and costs uf title evtdence. •
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