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<br /> 17. Trunsfce�ot the Praperty or a Beneficial 6iterest tn Hurrower. If uU or uny purt of t e Property or uny interest in ii
<br /> �` 't��� is soldar trunsfcrrcd(or if u bencticial interest in Horrower is sold��r trancfcrred and Borrawcr i�no[u nuturul pcnon) withom
<br /> ,�„�;�:.-
<br /> ' .a,. L.ender's prior written consent, Lender muy, ut its option, require immediute payment in full of ull tiwns secured by this
<br />�_��� , Srcurity iiutrument.Huwever, thi,optiuu�hull nut M;exerci+eJ by iw:nder if�x�rciu: is prohibiteci by fcderal law;�s��f the ds�te
<br /> r�� of this Security Instmment.
<br />`;,,�...:..�� If Lender exercises this optian. Lender shall give Horrower notice af accelerution.The natice shall provide a periai of na
<br /> .,�,��� less thun 30 duys from the date the nuticc is delivercd ar mailed within which Barrower must pay ull sums secured by this
<br /> ��'�� Security Instrument.If Bonower fuils ta pay these sums prior to the cxpirution of this pericxl. I.ender may invake any remedies
<br />__ - � •� permitred by this 5ecurity Instrument without further notice or demand on Borrower.
<br /> . c: l8. Barmwer's Righf tu Retnstnte. Tf Borrower me..Gti certain conditians, Borrower shall have the right to have _
<br /> ,• �•r; : enforcement of this Secu�ity Inslrur�ient disccmt[nued at any time prior to thc carlicr of: (a) 5 duys (or sucli other period as
<br /> -�,K�:`�:�.' applic�able Inw may specify for rcinstatement) before sale of the Praperty pursunnt ta any power of sale containcd in this
<br /> ;!:,�;;;. Security instrument;or(b)entry of a judgment enforcing this Security Instrument.Those conditions are thut Borrower: (A)pays
<br /> •'���'-.;.f' Lender all sums which then would be due under this Security Instrument and the Note as if no ucceleration had occurccd; (b)
<br />='�'��� cures any default of nny other covenants or Agreements; (c)pays aU cxpenses incurred in enfarcing this Security Instrument,
<br /> �'fY�.�� includins.but not limited to,reasonable attomeys' fees;und(d)tal:es such action as Lender may reasonably requ�re to wsum
<br /> ,•��� that ehe lien of thls Security Instrument,l.ender's righu In the Property and Borrower's obligation to pay the sums secured by
<br />_;�, this Sccuriry Instrument shaU continue unchanged. Upon reinstatement by Borrawer, this Security Instrument and the
<br />=.-_�� oblisations secured hereby shall remain fully effective as if no acceleration hud occurred. However, U�is rlgl►t to relnstate sh�ll
<br />--- not apply i�the case of acceleration under paragraph 17.
<br /> _ 19. Sale ot Note; Change of Loan Servicer. The Note or a partiul interest in the Note (together with this Security
<br />���� Insuvment)may be sold one or more times without prior notice to Borrower.A sale may result in a change in the entity(known
<br /> - '�""_ as the'[..oan Servicer")that collects mantP�iy payments due under the Note and this Secunty Instrument. There also may be one
<br /> �;;y� or more changes of the Loan Servicer unrelated to a sale of the Note.If there is a chinge of the Loan Servicer.Barrower will be
<br /> ____— _ given written notice of the change in accordance with paragraph 14 above and applicable law.The notice will st�te the name and
<br />=;�,o� address of the new Loan Servicer and the address to which payments should be made. The notice will also oontain any other
<br /> __�— information requ'sre�by applicable law.
<br /> ---- 20. Hazardous Substances. Borrowcr shall not cause ar permit tt►e presence. use, disposal, storage, or release of any
<br /> -���� Hazardous Substances on or in the Prop�ny. Borrower shall not do, nor allow anyone else to do, anything affecting the
<br /> - Property that is in violation of uny �nvironmentul I.aw. The preceding two sentences shall not apply to the presence, use, or
<br /> storage on the Property of small quantities of Hazardous Substances that are�enerally recognized to be uppro}�riate to normel
<br /> residennal uscs and to ma�ntenance ot the Property.
<br /> _-- Horrower shall pmmptly give Lender written notice uf any investigation. claim,demand, lawsuit or other action by <zny
<br /> __ governmental or regulatory agency or private parry involving the Property and any Hazurdous Substence or Environmental E...�w
<br /> __-— of which Borrower has actual knowledg�. If Bonower learns, or is natified by any governmentnl or regulatory authority,tha�
<br /> '° any removal or other renxdiation of any Hazardous Substancc affecting the Property is necessery,Bonower shall prompdy take
<br /> all necessary mmedial actions in accordance with Environmental 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
<br /> � pesticides and herbicides.volatile soivents.materials containing asbestos or formaldehyde.and radiaactive materials.As used in
<br /> this paragraph 20, "Environmental Law" mear►s federal laws and laws of the jurisdiction where the Property is located that
<br /> relate ro health,safety or environmental protection.
<br /> --- N�N-UNIFORM COVENANTS.Borruwer and Lender further covenant and agree us follows:
<br /> 21. Axelrrntton;Remedies.Ixnder shAll give notice to Borrower pdor to acceleratlon following 8arrower's breach
<br /> of any covenant or agreement in this Security Instrument (but not prior to acceleration nnder paragraph 17 unles�
<br /> applicable law provides otherwise). The notice stwll spec(fy: (a)the defAUlt; (b) We Action required to cure the defi�ult;
<br /> (c�s�date,not less ttu�n 30 days from the date t6e notice Is given to Borrower,by whict�the de[nult must be cured;sind
<br /> (d) that tailure to cure the defoult on or before the date specitied in the nodce may resuli in acceleration ot the sums
<br /> secured by this Security i�stniment and sale oi the P�opeMy. The notice sh�ll furtt�er inform Borrower ot the rlght to
<br /> re(rLSt�te oRer Accele�tion s►nd the right to bring a court action to assert the non�existence of s�detatdt or any otha
<br /> defense uf Borrawer to acceleration and sale. If the det9ult is not cured on or before the date specitied in the noNoe,
<br /> I.ender, at its optton,mpy requtre immediAte pnyment in t�li o�a!I sums secured by thts Security Instrument w(thaut
<br /> furtlxr danand and may Invoke the power of ssde�nd any other nernedirs permitted by applicsible Iaw.I.euder slwl! 6e
<br /> . entitled to collact�11 expenus iricurnd In pursuing tl�e remedies peovlded In thts paragraph 21,Including,but not Iimited
<br /> to, reason961e attorneys'fees and costs of title evider►ce.
<br /> If the power of sale ts invoked,Trustee shall record A notice of default in each wunty M which any part oP the
<br /> PropeRy is located and shu�l mail rnp[es of such notice(n the manner prestribed by appltc�ble law to Borrower and to
<br /> tbe other persons prescribed by applicable law.Atter the time requlr+ed by upplicable law,Trustee shs�ll give public eotice
<br /> of s91e to the pecsons and in the m�nner prescribed by appllcable Iaw.Ttvstee. witiwut dems�nd on Borrower, atull sdl
<br /> the Property at public auctiou to the hiphest bidder at the time and pl�ce and under the terms designated in the nottce ot
<br /> ---- sale in one or more parcels and in any order Tn►stc+e detcrmines.Tnrstee may postpone sale of all or�ny�rcel ot tAe
<br /> �_— � Property by public announcement xt the time and piace ot any previously scheduled sale. Lender or its designce may
<br /> `� purch9sc the Property at any sale.
<br />. ''�r:�3�
<br /> ;,_'�?�� Form 3048 9/80
<br /> Pagn 5 of 8
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