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18. Borrower's Right to Reinstete. If 6orrower meets certain conditions, Borrower snall nave tne rignt to nave
<br /> enforcement of this Securky Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other period as appl'�cable
<br /> law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this Security Instrument; or�
<br /> (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Bonower: (a) pays Lender ali sums which th
<br /> wculd be due under this Secur'dy Instrument and the Note as ff no acceleratbn had occurred; (b) cures any defauk of any oth�
<br /> �ovenant or agreements; (c) pays all expenses �curred in enforcing this Security Instrument, including, but not limited to, reasonable �
<br /> �ttomeys' fees; and (d) takes such action as Lender may reasonably require to assure that the lien of this Security Instrument, Lender=s.}r�f.
<br /> rights in the Property and Borrower's obligation to pay the sums secured by this Securky Instrument shall continue unchanged. Upon �
<br /> reinstatement by Borrower, this Security Instrument and the obligations secured hereby shall remain fully effective as 'rf 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. Tne Noce or a part�i �ncerest tn cne Note (cogecner w�cn cnis secur�cy (,Q
<br /> Instrument) may be sold one or more tknes without prlor notice to Borrower. A sate may resuR in a change in the entity (known as the �
<br /> "Loan Servicer") that collects monthty payments due under the Note and this Security Instrument. There also may be one or more
<br /> changes ot the loan Servicer unrelated to a sale of the Note. If there is a change of the Loan Senricer, Borrower will be given written
<br /> �otice of the change in accordance with paragraph 14 above and applicabis law. The notice will state the name and address ot the
<br /> new Loan Servicer and the address to which payments shouid be mede. The notice will also contain any other infonnation requked by
<br /> appl'�cable law.
<br /> 20. Hazardous Substances. Borrower shail not cause or permit the presence, use, disposal, storage, or release of any
<br /> Hazsrdous Substances on or in the Property. Borrower shait not do, nor albw anyone else to do, anything affecting the Property that
<br /> is fn violation of any Environmental Law. The preceding two sentences shall not apply to the presence, use, or storage on the
<br /> Property of smali quantities of Hazardous Substances that are generaly recognized to be appropriate to normal residential uses and to
<br /> maintenance of the Property.
<br /> BoROwer shall promptly gHe Lender written notice of any investigation, clakn, demand, lewsuk or othe� action by any govemmental
<br /> or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law of which Borrower has
<br /> actual knowledge. If Borrower ieams, or is notified by any govemmental or reguletory authorky, that any removal or other remedietion
<br /> of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in
<br /> accordance wkh Envkonmental Law.
<br /> As used in this paragraph 20, "Hazardous Substances" are those substances defined as toxic or hazardous substances by
<br /> Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and
<br /> herbicides, volatile soNents, materials containing asbestos or formaldehyde, and radioactive materials. As used fn this paragraph 20,
<br /> "Env'ronmental Law" means federal laws and laws of the jurisdiction where the Property is located that relate to heafth, safety or
<br /> 3nv'ronmental protection.
<br /> NON-UNIFORM COVENANTS. Borrower and Lender turther covenant and agree as follows:
<br /> 21. Acceleration; Remedies. Lender shall give notice to 8orrower prior to acceleration following
<br /> Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to
<br /> acceleration under paragraph 17 unless applicable law provides otherwise). The notice shall specity:
<br /> (a) the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the
<br /> date the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure
<br /> the default on or before the date specified in the notice may result in acceleration of the sums
<br /> secured by this Security instrument and sale of the Property. The notice shall further inform
<br /> Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the
<br /> non-existence of a default or any other defense of Borrower to acceleration and sale. If the default is
<br /> not cured on or before the date specified in the notice, Lender at its option may require immediate
<br /> payment in full of all sums secured by this Security Instrument without further demand and may
<br /> invoke the power of sale and any other remedies permitted by applicable law. Lender shall be
<br /> entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph 21,
<br /> 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 defauit in each county in which
<br /> any part of the Property is located and shall mail copies of such notice in the manner prescribed by
<br /> applicable law to Borrower and to the other persons prescrlbed by applicable law. After the time
<br /> required by applicable law, Trustee shall give public notice of sale to the persons and in the manner
<br /> prescribed by appiicable law. Trustee, without demand on Borrower, shall sell the Property at public
<br /> auction to the highest bidder at the time and place and under the terms designated in the notice of
<br /> sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all
<br /> or any parcel of the Property by public announcement at the time and place of any previously
<br /> scheduled sale. Lender or its designee may purchase the Property at any sale.
<br /> Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed
<br /> conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth
<br /> of the statements made therein. Trustee shall apply the proceeds of the sale in the following order:
<br /> (a) to all costs and expenses of exercising the power of sale, and the sale, including the payment of
<br /> the Trustee's fees actually incurred, not to exceed 3 °� of the principal amount of the note
<br /> at the time of the declaration of default, and reasonable attorney's fees as permitted by law; (b) to all
<br /> sums secured by this Security Instrument; and (c) arty excess to the person or persons legally
<br /> entitied to it.
<br /> 22. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to reconvey
<br /> the Property and shail surrender this Securky Instrument and all notes evidenc�g debt secured by this Securky Instrument to Trustee.
<br /> Trustee shall reconvey the Property without wananty and wfthout charge to the person or persons legally entitled to it. Such person or
<br /> persons shall pay any recordation costs.
<br /> 23. Substitute T�ustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to
<br /> any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Wkhout
<br /> conveyance of the Property, successor trustee shall succeed to all the title, power and duties confeRed upon Trustee herein and by
<br /> applicable law.
<br /> 24. Request for Notices. Borrower requests that copies of the notices of defauk and sale be sent to Borrower's address
<br /> which is the Property Address.
<br /> 25. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with
<br /> this Security Instrument, the covenants and agreements of each such rider shall be �corporated into and shaii amend and supplement
<br /> the covenants and agreements of this Securky Instrume�t as if the rider(s) were a part of this Security Instrument.
<br /> Form 3028 9/90
<br /> F702c'.LMO (10/B7) Paps 4 of 5
<br /> see
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