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201302832
<br /> is. Borrower's Right to Reinstate. /f BOETOWat II-reels certain conditions.Borrower shall have the right to have enforcement of this
<br /> Security Instrument discontinued at any time prior to the earlier oil (a).5 days(or such other period)as applicable latv may specify f
<br /> reinstatement)before sale of the Property pursuant to any power of saie contained in this Security Instrument;or(o)entry sin a judgment
<br /> enforcing this Security Instrument Those conditions are that Borrower. (a)pays Lender all sums%dder.,then would be due and this
<br /> Security instrument and the Note as if no 13cceiemtion had ocCUMfd.(:6)cures any default of any other covenants rff agreements;(c)pays all
<br /> expenses incurred in enforcing this Security Instrument,including.but not limited to,reasonable attorneys fees;,ind(d)takes such action as
<br /> Lender may reasonably require 10 assure that the lien of this Security instrument Irinderls rights in the Property and Borroiver's obligation to
<br /> pay the Sams secured by this Security Instrument shall continue unchanged Upon reinstatement by Borroisver,this Security Instrument and
<br /> the obligations secured hereby shall remain fully th fees ivs as if no acceleration had occurrod. However,this right to reinstate shall not apply
<br /> in the case of acceleration under paragraph 1 7.
<br /> 19, Sale of Note;Change of Leaf;Sea-ether. The Note or a partial interest in the Note(together with this Security Instrument;may
<br /> be sold one or more times without orior notice to Borrower. A sale niiay reSliit in a change in the entity tknown as the in Servie-er")that
<br /> collects monthly payments die under the Note and this Security Instrument. Than also may he one or more iIhanges of the Loan Servicer
<br /> unrelated to a are of the Note. If there is a change of the Loan Servicer,Borrower will o given wiritten notice of the change in accordance
<br /> with paragraph 14 above and applicable law. The notice wrili state the mune Itad address of the 13CW 11.0331.Service r and the address to Which
<br /> payments should be made. [be notice will also coma in any other information required by applicable law.
<br /> 20. Hazardous Substanees, Borrowrit shall is cause or permit the presence.USU.disposal.storage,ot release of any Hazardous
<br /> Substances itr,or in the Property. Borrimver shall riot do. or i isv anyone else to do,anything affecting the Property that is in violation of
<br /> any Environmental I.aw The preceding two Sittlk,fiCeS Shari not apply to the presence,use.or aturtigc cm the Property of small quantities of
<br /> Hazardous Substances that are generally recognized to he appropriate to normal residential uses and to maintenance of the Property.
<br /> Borrower shall promptly give Lender written notice of any investigatio.n.claim,demand,lawsuit or tither action by any gown-uric:WA
<br /> cti regulatory agency or private part y.involving the Property and any Hazardous Substance or Environmental Law of which Bensawer has
<br /> actual knowledge. If Borrower i52:135,or is notified by any governmental or regulatory authority,that any removal or other remethation of
<br /> any flazarclous Substance affecting the Property is necessary,Borrower Shall promptly take all necessary remedial actions to accordance with
<br /> Environmental Law.
<br /> As used in this -paragraph 20, "Hazardous Substances' are those substances derived as toxic or hazardous substances by
<br /> Environmental Law and the following substances;gasoline,kerosene,other flammable or isac petroleum prod:xis, toxic pesticides and
<br /> herbicides, VOtaitte ',ill-vents. materials containing asbestos or formaldehyde, and radioactive materials. As It Sed in this paragraph 20,
<br /> "Iinviroilmcnial Law" weans federal irnxis and ■3`0,'S of the jurisdiction sshere the Property is located that colas to health. safety of
<br /> environmental proteePon.
<br /> NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as frillows:
<br /> 21, Acceleration; Remedies. Irmder shall give notice to Borrower prior to iteeehtMtiM1 following Borrower's breach of any
<br /> covenant or agreement in this Security instrument (but not prior at acceleration tinder paragraph 17 unless applicable law provides
<br /> otherwise). The notice shall specify:Ca)the default;list the action required to cute the default;
<br /> IC) a date,not less than 30 days from the date the notice is given to Borrower,by which the default must he cured:and
<br /> (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums
<br /> secured by this Security Instrument,riot-ethos:in:by judicial proceeding and sale of the Property. The t:Otieti shall Molter in forai Borrower of
<br /> the right to reinstate alter acceleration and the right to bring a.court acts to assert the not-existence of a default or tiny other defense of
<br /> Borrower to acceleration and sale. If the default is not cured or,or-before the date specified in the notice,Lender at its option may require
<br /> immediate payment in full of all'Urn 5 seemed by this Security instrument without further demand and may invoke the Dower iif sale and any
<br /> other remedies pia-rimmed by applicable law. Lender shall be crittitled to collect all expenses incurred in iiiiirstring the remedies provided in
<br /> this paragraph 21,including,but not!Mined to,reasonable attorneys'fees and costs of title evidence.
<br /> if power of sale is Invoked.Trustee shall record a notice of default in each county in which any part of the Properly is located ted
<br /> shall mail copies of such notice in the manner prescribed by applicable law to Borrower and to the ether persons prescribed by applicable
<br /> law. After the time required by applicable law.Trustee shall give public notice of saie to the persons and in the manner prescribed by
<br /> applicable law. Trustee,without demand on Borrower shrill sell the Property at public auction to the highest bidder at the ice and place and
<br /> Under the:elms designated to the notice of sale in one or more parcels and in any order Trustee determines. Trustee!nay pdaanone sale of all
<br /> or any parcel of the Property by public announcetnent at the time and place of any previously scheduled sale. Lender or its designee may
<br /> purchase the Property at any sale.
<br /> Upon receipt of payment of the price bid,Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The recitals irt
<br /> the Trustee's deed shall be prima facie evidence or the truth or the statements made therein. Trustee shall apply the proceeds of the sale in the
<br /> following order:fa)to ail costs and expenses of exercising the power of sale,and the sale,including the payment of the'lusters fees actually
<br /> incurred,rim to exceed 3 000%of the principal amount of the note at the dine of the declaration of default,anti reasonable attorneys'fees as
<br /> permitted by law.(b)to all SUMS secured by this Security Instrument;and ie.)any excess to the person or persons legally entitled to it.
<br /> indebtedness secured by this security instrument is subordinate to lire lien of any senior hue holder. "Notwithstanding Lender's eight
<br /> ro invoke any remedies hereunder,as provided in paragraph 7 abos,e,the Lender agrees that it will not commence foreclosure proceedings or
<br /> aceept a deed is lieu of foreclosure,or exercise any other rights or remedies hereunder until it has gis'en the senior lien holder at least PO
<br /> days'prior written notice. Lender shall be entitled ha collect till expenses incurred in pursuing the remedies provided,in this paragraph 23
<br /> inehlding,htmt net limited to.reasonable attorney's fees and costs of title evidence.
<br /> 22, Reconveyanee. Upon payment of all SUMS'secured by this Security Instrument,Lender shall request Trustee to reconvey the
<br /> Property and shall surrender this Security 111SrfUrtEent and all notes evidencnig debt secured by this Security tr.,1:111.1nCtit to Trustee. Trustee
<br /> shall reconvey the Property without warranty and without charge to the person or persons legally entitled to it. Such person or persons shall
<br /> pay any recordation costs.
<br /> 23, Substitute Truste.e.Lender,at irs opt:om may from lime tO Mlle remove Trustee and appoint a successot trustee to any'Trustee
<br /> appointed hereunder by an instrument recorded in the county in which this Security instrument is recorded. Without conveyance of the
<br /> Properly,the successor trustee shall succeed to all the title,power and dunes confined upon Trustee herein and lay applicable law.
<br /> 24. Request for Notices. Borrower requests limit copies of the notices of default and sale be sent to Borrower's addiess.which is the
<br /> Property Address.
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