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<br /> 17.Transfer of the 1'mperty or e Beneficfal Interext in N�rruwer. If:iU��r any part of tl��Prw i yt in it
<br /> ���•.
<br /> is suW ur trunsterreei(or if a beneticial interetit in Borrowcr is sold ar ti•un5ferrcd imd Bottower is not u natural person)without
<br /> L,c;u�ier'ti priur writzen con�cnt. L�:ndcr niay. at its aptian. requirc immeciiete payment in full of :dl �ums sec�rcd by this �
<br /> Security[nstrurnent. However,this option shall not be exercised by I.endrr if exercise is prohibitcd by fcderal f:iw us of the dute
<br /> . of this Security Instrumcnt. _
<br /> !f Lender exercises this option,L.ender shall give Borrower notice of acceleration. The noticc shull provide u period af not
<br /> less than 30 days from the dute the notice is delivered or maileci within which Anrcowcr must p:►y all +ums secured by this
<br /> , Security l�strunxnt. If Borrower fails to pay these sums prior to the expiration of this p�rioci,Lcnder may invoke uny remedles
<br /> permitted by th is Security Instrument withaut funher natice or demand un Borrower.
<br /> 18. Borrower s RiRht to Rcinstutc. If Borrower meets certain conditions. Borrowcr sh�ll have thc right to have
<br /> enfarcement of this Secu�ity Instrument discontinued at any tlme prinr to the eurlier of: (u)5 duys (or such ather period as
<br /> applicnble law may specify for reinstatement) before sale of the Property pursuunt to any power of sule contuined in thIs
<br /> Security Instrurncnt;or(b)entry of u judgment enforcing this Security Instrument.Those conditions are thut Borrower:(u)puys
<br /> Lender ull sums�vhich then would be due under this Security instn�ment and the Note as if no uceeleration had occurred: (b)
<br /> cures any default of any other covenants or ugmements; (c)pays all expenses incurred in enforcing this Security Instrument.
<br /> including, but not 1 imited to, reasonable attorncys' fees;and(d) takes such action as Lender tnuy reusonably i�eyuire to assure
<br /> that the licn of ihis Security Instrument. Lender's rights in the Property and Borrower's obligation to puy the sums secured by
<br /> this Security� Instrument shall contiaue unchanged. UNun reinstatement by Barrower, this Securit�� Instrument and the ___
<br /> obligatinns�ecured hereby shaU remain fuqy �ffective as if no acceleration had occurred. However, this right to reinstute shall
<br /> not apply in ihe case of acceleration under paragraph 17.
<br /> 19. tiulc o[Note; Change af I.oan Serv(cer. The Note c�r a partial interest in the Note (together with this Security
<br /> Instrumentl may be sold one or rnare times without prior notice to Bonower. A sale may result in a change in the entity (known
<br /> � us thc"Loun 5ervice�")that collects monthly payments duc undcr the Notc and this Security Instrument.There also may bc onc
<br /> ar more ch�nges of the Loan Servicer unrelated to u sule af the Note.If there is�chan�e of the i.uan Servicer, Borrower will be
<br /> given written»aticc of the rhange in accordance with paiagraph 14 above and applicable law.The natice will state the name and
<br /> ' address uf the new Lonn Servicer und the address to which payments should be mude. The notice will ulso c�ntain nny othe�
<br /> informati�n rcquired by applicablc law.
<br /> 20. Huu�rdous Substanecc. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any
<br /> Hazardous Substances on ar in the Prope�ty. Bonower shall not d�, nor altow anyone else to do, anything :�ffecting the
<br /> Property that is in viulution of uny Environmental Luw. The preceding two sentences shull not upply to the preseixe, use, or
<br /> storage on the Property at smalt quaneities of Ha�ardou+Sub�ia,icr� tl�ui utc gci2idlly ii.�ubi7iZCu ta b:.appropriat�to nerma!
<br /> residential uses and to maintenancc of the Property.
<br /> Bon•ower shall promptly give Lender wrinen natice of any investigatian, claim, demand, lawsuit or other action by any
<br /> govcrnmental or regulatory agency or private pnrty invalving the Propeny und any Hazardous Substance or Environmentul Law
<br /> � of which Borruwer has actual knowledge. If Borrotver lcarns, or is nutificd by any govcrnmental ar regulatory nuthority,that
<br /> any removal or other remediation of any Hazardous Substance affecting the Propeny is necessary. Borrower shall promptly take
<br /> utl necessary remedial actions in accordunce with Environmentul I.uw.
<br /> As used in this paragraph 20, "Hazardous Substances"ure those substances deflned as toxic or l�azardous substances by
<br /> Environmental Law and the following substances: gasoline, kerosene, other flammable or roxic petroleum products, taxic
<br /> pesticides und herbicides.volatile solvents,materials containin�usbestos or formaldchyde.and radioactive mntenals.As used in
<br /> � this para�rapli 20. "Environmcntal Law" means Yedernl laws und laws of the jurisdiction where the Property is located thut
<br /> relate to henith,safety or environmental protection.
<br /> NON-UNIFURM COVENANTS.Bonower and L.ender further covenunt und agree as follows:
<br /> " 21. Aaeleration;Remedles.I.ender sl�all�ive nottce to Borrower prior to ucceleratton following Borrower's breach
<br /> of any covenant or agreement In this Securtty Instrument (but not pr[or to accelerutton under pAragraph 17 untess
<br /> applicable law provtdes otherwise).The notice shall ypectfy: (a}the default; (b) the actton requlred to cure the defaulh,
<br /> (c)n date,not less than 30 days from the dute the nottce is given to fiorrower,by which the default must be curedi and
<br /> (d) that t'allure to cure the detault un or betore the date specified in the notice may rrsult In accelerntion of the sums
<br /> secured by tttls Securlty Instrument and sale of the P�•operty. The nottce shall further inform Borrower of the right to
<br /> • r�etnstate Atter acceleration and the right to bMng a court action to assert the non-existence of a default or any other
<br /> defense of Borrower to acceleration and sale. If the default is not cured on or bePore the dute spectfied in the notfce,
<br /> i.ender� at!ts option, may require immediate paymen4 in fuU 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. Lender sholl be
<br /> entitled to coilect s�ll expenses incarred in punuing the remedi�provided in thls paruRraph 21,including,but not Itmited
<br /> to.reuwnnble Attorneys'fees and cos�t of title evldence.
<br /> If the power of sale is invoked, Trustee shall record a notice of default tn each county in whtch any part of the
<br /> Property Is located and shall mail copies of such notice in the manner prescribed by applicable law to Borrower and to
<br /> the other persons prescrlbed by appliceble law. After the time required by appllcable law,Trustee shall�1ve public not[ce
<br /> of sale to the persons and in the manner prescribed by applicable law.Trustee, wtthout demand on Borrower,shsll sell
<br /> the Property at publlc auction to the hlRhest bidder at the time and place nnd under the terms desiRnated in the notice o[
<br /> sale In one or more parcels end In any order Trustee determines. Trustee may postpone ss�le of all or Any parcel of the
<br /> Property by public unnouncement s�t the time and place of any previously scheduled sule. Lender or its designee mur
<br /> purchase the Property at uny sale.
<br /> �orm 3028 9/80
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