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�g- 1�.r4'736
<br /> I G. Borrower's Copy. I3orrower shall be given one conformed copy of the Note and of this Security Instrument.
<br /> 17_ Transfer of the Property or a Beneficial Interest in Borrower. If all oc any part of the Property or any
<br /> �nterest 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.�f 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 further 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 spectfy 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: �a) 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. tlpon reinstatement
<br /> by Borrower,this Security Instrumentand 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 Property. Borrower shall not do, nor allow anyone else to do, anything affecting
<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 Yroperty is
<br /> necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law.
<br /> As used in this paragraph 20, "Hazardous Substances" are those substances defined as toxic or hazardoiis substances
<br /> by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products,
<br /> toxic pesticides and herbicides, volatile solvents, materiais containing asbestos or formaldehyde, and radioactive
<br /> materials. 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. I,ender shall give notice to Borrower prior to acceleration following
<br /> I3orrower'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, Lender, 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 /> �3orrower 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 /> ��-6RINEl�9ztz>.oi Page e of e Form 3028 /90
<br /> Initials: 1I��
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