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APR.23.1998 11�11AM WMC (81B)712 4044 N0.895 P.32
<br /> , ert ar e BeneP�cial L�tereat in Sorrowex, zf a�l ar at� art of the�ro��o�f.�in��res�t�it
<br /> ,, �,7. Tran�[er of the Prop y Y P P�riY Y
<br /> is so�d az t�saaferred (or if a beneflcial intesest fu Boaower is sold or transferred a�d Bo�awer is not a natural person)without
<br /> Le�adtr's prlor writtan consent, Y.endes may, at its option, require immediate g�ymenC iu� 'fu� o� all sums sccurzd by this
<br /> Se�urity Instniment. However, this option ahall not be exercisod b�L�nder if exercise is prahibited by fedaral law as of the date
<br /> of this Secauity Instivment. •
<br /> If Leader exercises this oprion, Lender shall give Borrower natice of accole�rat�an. 'Y'he notice shall provide a period of not
<br /> less chaa 30 days from the date the notice is delivered or mailed within v�►hieh �orrower musc pay a11 sums seeured by this
<br /> Sxurity Instrument. If Borrower fafls to pay these aums prlor to the ezgiration of this pp�iod, Lendar may involce any remedies
<br /> permitted by thfs Security Instrument without fiuther notice or demaud on Borrower.
<br /> 18. Borrower's Rigbt ta Reiaatste. If Borrower mceta certain condition.s, �o�xowar sha�l have the right to have
<br /> enforcement of this Security Instxume�t discoatinued as aay time prtor to the earlier of: (a) S days (or such other period as
<br /> npplicable �aw �y speeify fox xei�stacemrat) befote sele of cha Prapen,y pursuant to any power of saIe containad in this
<br /> Security�stxuutp�t; or(b)en�try of a judgmcnt eafordng this Securiry�astitmeat.Those eonditions are that Borrower: (a)pays
<br /> L.eudex all swns which then would be dne uader this Seaurlty Instrument and the Note�s if no acceleration had occurred; (b)
<br /> cuxes auy default of any ether cov�ts or agreements; (e) g s alI exponses inauTed in anforcing this Secwity Instrument,
<br /> including, but Aot ]i�ted to, xessonabl�at�omeys' fees; aad(d}y takes such action as Leuder may reaaonably require to assure �
<br /> that tha lian of thi� Secu�ity �onum�t, Lsnder's �lghts in the Property and Borrowes's obligation to�ay tha suma secured b�
<br /> this Scxuriry Instrumeat shall cantinue unebaa,ged Upou reinstatea�t by Borr�wer, tlus Se.CUttcy Iusu'umesat and the
<br /> ob�igatioas aeeured l�ereby ahall remain fully effective as if no acceleration had accurred. However� this r�ght to reinstate shaa�
<br /> not a�ply ia the ease of acce�exatioa under paragraph 17. �
<br /> 19. Sale of �Tote; Change o! Losn Bervlcer. The Note or a partial interest in the Note (wgether with this Se�trity
<br /> Instrumart)may b�sold o�n ot more times without prior notice to Sorrower. A sale may result in a change in the entity (lmown �
<br /> as the "Loan Servicer")that colleccs moathly payments due under the 1�1ote and this Secarity Instrument. There aiao may be one
<br /> or more ehan�es af tho Loaa Servtcer uarelated to a sala of the Nate. If thero is a change oi�the Loan 3ervfcor, Borrower will be
<br /> given written notice of the chauge ia accocdance with paragrap� �4 above and a�plic�bc�blc lsw.The notice will stace the name and
<br /> addre�e o�r�e ba�w Loau Se�wicer and the aadrass to which payments shauld be mado. The notiee will also contaia aay other
<br /> information nquired by applieable law.
<br /> 24. Hsasrdons 3nbstane�. Sorrower shalt aot eauae or permit the presence, use, disposai� starage, or release of auy
<br /> Hazardous Substances on or in the Property. Borrower shall not do, nor ailow auyone else to do� nnythins affectiug the
<br /> Properry that ts in violation of any Environmental I.aw. The precedin$ two sentences shall not appIy to the presence, use, or
<br /> storage on the Propeity of smalt quantities af Hazardnua Substances that are generally rocognized to be appropria�e to aox�taal
<br /> residential uses uad to mairnenance of the Property.
<br /> Borrower ahall remptly give Lender�curitten nouce of an�► in,�vesdgatia�, claim. demaad, lawsnit or arher action by any
<br /> governmencal or re�acary agency or�rivate puty in�►olving the Propezty aad an,y�Tazardous Substance or�,nvirommencat Law
<br /> o�wluch Baxroaar has �n�al l�aawl �e, If�arro�ver Ieaxas, or �s nou�ied by auy �ovarnmmtal or xegulatpry authoriry� chat
<br /> any ramoval or othar x�mediation of any H�ardous Subste�ce�cdng the propetcy�s neccssary, Borrower shall prosnpdy take
<br /> all necessary remedial aotions 9n accardsace with�nviroameatel Y.aw.
<br /> As used ia this p h 20, "Hazardous Substanaea" are thoae substances defined as toxic or hazardous aubstances by
<br /> Eavironmeatt� Law an�fallawfng aubatauces: gasolina, keroaene, othor flammabla ar toxic �eaoleum �roducts, taxac
<br /> pesticides and horbicides,volaula solveuts, maier�als co�o�ai�ai�ng asbestos or�onn�c�ab�y►da, end rad�aacrive mncer�ats. As used in
<br /> this para�raph 20, "L•'nviroa�ucal Law" means federal lawa end laws of the junsdiction where the property i� locaud t1�at
<br /> relaze to he,a�th,safery or environm�ntal protoetion.
<br /> NON-UNIFORM COVBNANTS.BOrrowar aad LLe�nnder ftuthor covenant and agree as followa:
<br /> 21. Acs�laration; Rem@dies. I.ander s�all give nutice to Borrower pdor to acceleradon following Sorrower's breach
<br /> of oqY covenanC or agr�ement in t�hts Secnrity Instrumeat (but not prior to acceleration under paragraph 17 unless
<br /> applicable lavr pro�idea oth�+iae). The notice ahall speeify: (a)the defa�lt; (b) the action reqnfred to core the default;
<br /> (c) � date� tlot Ie�s tha�n 30 clays frnm the date the notfce is.given ta Borrower, by which�the default must be cured; attd
<br /> (� that f9�tlure to cure tlie defstvlt on or before the date apedfied 3n the notice may result in acccleration of the sams
<br /> secured by thts Securlty lbgtrument and sale oP tt�a Froperty. The notice st�tt further InPoim Borrower o[thc rl�;ht to
<br /> reinstate afitter �axlet�t�on and the r�ght M bring a court action to aseert the non-adstGnce oP a dePault or an� other
<br /> deeense or Borrower to acceleradon a�,d sale. If the def�alt is nbt aured on or bdfore the date apedt'!ed in the aotice,
<br /> Lender, at fts upttun, may reqalre�mmedia�e p��e� Yn fali af all atpqms aeaued bp this Secarity Instrwnent wkhout
<br /> further demand and m�y tnvoke the po�ver oF sale end any other remeclies perm�tted by ap licable law. Lender shell be
<br /> n p
<br /> e�ntitled to coIItct all�es incun�d in pursur�the remedies provided ia this paregrr�ph 21,including�but not Iimited
<br /> to,i'eeasoneble�tturneys' fees and costs oP tltle cvidence. g
<br /> X� tho power of g�le is in�oked, Trustee sh�ell mord a notice of dePanit in each coan in wbich any part of the
<br /> el
<br /> Property i�Iocated at►d sh�►It tnAil copies of such notice in the menner presc� by applica�le law to Borrower and to
<br /> che otl�er per�ons p�e�scxibed by applicable law. Afltet the time reqnired b�appliesble law,Tnrstee ahall give�obIic no�ice
<br /> of sate to the pee�sons and i�tbe taatwer prescri'bed by applieable Iaw. Z�rastee, v►ithout demand on Sorrawer, ahall sell
<br /> the Property at gnblic auct�on to the highest biddet'at tl�e tr�qe an�d plarce and w�der the terms deefg�taled in tho notice of
<br /> s�Ie In one or more parcele aad 9n eay order Trnstee determines. 'rrustee may postpone sate of�ll or an� garcel of the
<br /> Property by pnbHc announcemeat at the time and place o[ any previansly scheduted sale. �.�ndex or tts dee�gnee u�ay
<br /> u
<br /> punchsse the Property at aqy sale.
<br /> �211-02/95 � Fortn 3028 9/90
<br /> R(NE)Isa�z�.o� Pege 6 0�6 10153462 /� 1/
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