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9$- 1��461'� <br /> 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. <br /> 17. Transfer of the Propert or a Beneficial Interest in Borrower. If all or any part of the Property or any <br /> interest in it is sold or transferred (�or if a beneficial interest in Borrower is sold or transferred and Borrower is not a <br /> natural person) without Lender's prior written consent, Lender may, at its option, require immediate payment in full of <br /> •all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is <br /> prohibited by federal law as of the date of this Security Instrument. <br /> If Lender exercises this option,Lender shall give Borrower notice of acceleration.The notice shall provide a period <br /> of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured <br /> by this Security Instrument.If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke <br /> any remedies permitted by this Security Instrument without f urther notice or demand on Borrower. <br /> 18. Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrower shall have the right to have <br /> enforcement of this Security Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other period <br /> as applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in <br /> this Securit Instrument; or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that <br /> Borrower: (Ya) pays Lender all sums which then would be due under this Security Instrument and the Note as if no <br /> acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in <br /> enforcing this Security Instrument,including, but not limited to, reasonable attorneys'fees; and (d) takes such action as <br /> Lender may reasonably require to assure that the lien of this Security Instrument, Lender's rights in the Property and <br /> Borrower's obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement <br /> by Borrower, this Security Instrument and the obligations secured hereby shall remain fully effective as if no acceleration <br /> had occurred.However,this right to reinstate shall not apply in the case of acceleration under paragraph 17. <br /> 19. Sale of Note; Change of Loan Servicer.The Note or a partial interest in the Note (together with this Security <br /> Instrument)may be sold one or more times without prior notice to Borrower. A sale may result in a change in the entity <br /> (known as the "Loan Servicer") that collects monthly payments due under the Note and this Security Instrument.There <br /> also may be one or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan <br /> Servicer, Borrower will be given written notice of the change in accordance with paragraph 14 above and applicable 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 /> The notice will also contain any other information required by applicable law. <br /> 20. Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of <br /> any Hazardous Substances on or in the Pro�erty. Borrower shall not do, nor al(ow anyone else to do, anythingaffecting <br /> the Property that is in violation of any Env�ronmental Law. The preceding two sentences shall not apply to the presence, <br /> use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be <br /> appropriate to normal residential uses and to maintenance of the Property. <br /> Borrower shall promptly give Lender written notice of any investigation,claim, demand, lawsuit or other action by <br /> any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or <br /> Environmental Law of which Borrower has actual knowledge. If Borrower learns, or is notified by any governmental or <br /> regulatory authority, that any removal or other remediation of any Hazardous Substance affecting the Property is <br /> necessary, Borrower shall promptly take all necessary remedial actions�n accordance with Environmental Law. <br /> As used in this paragraph 20, "Hazardous Substances" are those substances defined as toxic or hazardous substances <br /> by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, <br /> toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive <br /> mater�als. As used in this paragraph 20, "Environmental Law" means federal laws and laws of the jurisdiction where the <br /> Property is located that relate to health,safety or environmental protection. <br /> NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: <br /> 21. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following <br /> Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to acceleration <br /> under paragraph 17 unless applicable law provides otherwise). The notice shall specify: (a) the default; (b) the <br /> action required to cure the default; (c) a date, not less than 30 days from the date the notice is given to <br /> Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the date <br /> specified in the notice may result in acceleration of the sums secured by this Security Instrument and sale of <br /> the Property. The notice shall further inform Borrower of the right to reinstate after acceleration and the <br /> right to bring a court action to assert the non-existence of a default or any other defense of Borrower to <br /> acceleration and sale. If the default is not cured on or before the date specified in the notice, I,ender, at its <br /> option, may require immediate payment in full of all sums secured by this Security Instrument without <br /> further demand and may invoke the power of sale and any other remedies permitted by applicable law. <br /> Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph <br /> 21, including, but not limited to, reasonable attorneys' fees and costs of title evidence. - <br /> If the power of sale is invoked,Trustee shall record a notice of default in each county in which any part of <br /> the Property is located and shall mail copies of such notice in the manner prescribed by applicable law to <br /> I3orrower and to the other persons prescribed by applicable law. After the time required by applicable law, <br /> Trustee shall give public notice of sale to the persons and in the manner prescribed by applicable law.'Trustee, <br /> without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and <br /> place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee <br /> determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the <br /> time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any <br /> sale. <br /> �-6RINEIca��z�.oi Paa• 5 ar 6 Form 3028 9/90 <br /> Initials:�_ <br /> .�, , Li� <br /> ,.; -. <br /> , ' .�; <br />