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<br /> , ;,,.� ���f'.`:'�,:: 17.�'tgnsfrr of the Frogs�y or a�e�eficta!Lrtee�st in Bnreower,If alf as eny part of ehe P�ope�ty or any interest in tt -; �
<br /> < is sold or transferred(or if a bene�iciat imerest in Borrower is sold or tiansferc�d and Borrower is�ot a natural Person)without �..4�,
<br />- :���2-.'..�' l.ender's prior written consc,rit. Lender may. ai its option. rec�►re inmediate payment in ful! of ali sums sewred by this .
<br /> � °' ' gecuriry Instncment.Nawever.this optioa st�all not be exercised by Lender if exercise is prohibitt�by federal law as of the date
<br /> a
<br /> ` of thls Security�nstnrment• ve Sorrower aotice of accele�tion.The natice shall provide a perEod of nat�
<br />- • . �,,�• if L.ender exercises this oprion,Lender shall gi �,.
<br /> �c����� ��..:_ less�than 30 days from tlis date the notice is deliverai or mailed wIdrin�vhich Borrower rtsust pay all snms secured by thls.� .«. �_
<br /> ' 5ecurity Instrumem.If Borrower faits ta pay these sums�rior to ths explration of d�is periad,Lender may invoke any remedies � -- .
<br /> :}�°�'�� Qermitt�d bp this Security �m t without furt6er nouoe or demand on Borrower. ��wer shalt Uave the right ta have � � _
<br /> . . ;s; _;_ t�. Borcower*s Ri�ht tt► Refnstate If Eorrower m�ts cettain oonditions, y
<br /> '�, .:�;._r:;•_:�,, �;: enfo�mrneat of this Security Instmment disoontinued a:any tiACe Prior to the earlier of:1a)5 days (or s�c6 other periad as �
<br /> czc � ' �
<br /> ..•. • aPPiic�ble law may sPecifj► for reinstatement) b�fore sate of the Fr�oFertY pursuant w anY power af sate wntaiued ia this�
<br />- . s�;`,"" ,' SecuriRy Insuumens:or(b)entry of a judgmeai enforci�this 5ecurity instrument.Those conditions are tLat Borrower:(a)paYs �
<br />.�r - , .... �-,—'
<br /> - I.ender aU swns attich thsn wouid be due uader this Secnrtty Insunc�ant and the Note as if no acceterdtion had occumed;@)� c___._
<br /> r, ' - c u r e s an y default of an y other aovenants or agreements;(c)PaYs all eapenses incurred in e�nforciag Wis Security.Im-troment. �
<br /> g. a n d(a)t a k e s s u c h a c t i o n a s L e n d e r m a y r e a s o n a b l y n q u u e t a a s s u r e �-�_
<br /> - . . : t h a i t h e l ien of W is �t y I n s t m a n e n te L e n d�s r i g h u i n t h e P r o Q e r t Y_and Borrawer's ubli g a t ion w pay the.sums seaued by �_�-',':
<br /> � � � '.,r
<br /> �. ;: �:n:-.
<br /> � this Security Inst�ument shall continue unchanged. IIpoa reinstatement by Borrower, dus Ser�uity Insmimeut and the -
<br /> ;' ' . ' � � obligations setured hemby shaU remain fully effedive ss if no aoceleration had ocained.However,t6is right to reinstate sliai! �__
<br /> F' �_,-,;:.
<br /> - �,�•:� not appiy tn.tke case of acceteratioa ur�er paragraph 17. . f 4
<br /> ��. +-� 19�Sale af Not� Ch�nge oi Loan 5ervtcer. Ttce Note�r a Qartiai inteiest in the Note (together with Wis $ecucsty • �_ �;
<br /> *.' � ' �: Instrvmeat)may be sotd mte oi more times withom priflrnotice w Borrower.A sdle may tesult in a chaage in the entity(Imown • �,,:-:,
<br /> • ��•' as tt�"I.oan Senricer")that collects manthly payments due under the Note and this Secunry Inswment.There also may.be ane �l
<br /> �' � ;,�k��r or more changes of the l:oan Servicer w�related�to a sale of the Note.If t6ere is�change of the Loaa Servicer.Botrnwer wilI Ise
<br /> ' � � _' ' given written notice of the change in accordance w�'th F�S�Ph 14 above andapplicable law.The notice wil!state the name and ��_
<br /> . , �
<br /> ;�.�::":_;,.,•.,.:.,,:,-��,. . address of the aew I.onn Servicer and ths address to whirh paymeats shoWd be made. T6e aotice wilt also c�ntain any other �;.---
<br /> . information required tsY aPPlicable law. . � .,
<br /> ' �•` ��. 2t► Hazardot6s Suhstancee.Bormwer ahall not cause or permit the presenos, use.dispasat, storage,or retease of any �"
<br /> t.
<br /> �,., �:,��" � • I�ardrdous Substances on or in ths PrapertY• Hosrower shall not do, nor altow anyone eise to do, anything affectinS the �'���
<br /> ,,��.. Yroperty that is in vialation of any Environmental Law.The prec:edin$two sentences shall not appo be��ra�normal �
<br /> r� .: ' 5�olage oD the Property of small qu�ti$es of H818iduUS Subs[anCes that are geaerally necognized aPP P � ,w
<br /> ••..� rt. .,'�it. • .
<br /> ��.._ r - ..-.,. resiQentiat uses aad to'mainte�ace of t6e Property. t�:'°'-
<br /> ti'..:`. •� ° Borrower shall prom�tly give Lender written notice o f any iaves6 g a t ion.c laim, d e r n a n d.l a w s a i t o r o t h e r a c t i o A b y a i`ry �.:
<br /> - ' ' govemmental or regiilatory ageacy or private pai4y involving the Propeny and anY Hazardous Sabstailce or Environmental Iaw _
<br />"�. : ; � � of wluch�Borrower has acxaal Imowtedge.If Bonower learns,or is notified by any govemmentai or regWatory authoriry.that =-_:
<br /> �.. ��.' : ��.`: e � Bormwer shall promptly take �.
<br /> � .:,... .', :.� any removal or other remediation of any Harardons Substance affecting the Prop it5+� aecessaq'• • -- -
<br /> ,� : al!necessary remedial aaioas in accordauce with Snvimnrnental I�w. -----�
<br /> �t,• ,: ' . , ps used in this paragra�t�Z0. °Hazardovs Substances"are those substances defined as touc or harardous substanoes by �;,
<br /> agr
<br /> � ' ' Eavironmental I.aw and the folloanng substances: gasoline, kerosene. othzr flanomabte or wxic petroleum produds, toxic _._,.
<br />:t;� � • • pesricides and he�tsicides.volatile solvents,aiaterials containing asbestos or formaldebyde,and radioacdve matedals.As used in ��;_
<br /> � tlus pnrag�raph 20.�°Envimnmental law" means federal laws and laws of the jurisdiction where the Property is lopted that p.�-
<br /> r:� � , •_. .... - �„=�
<br /> ' relate to health.safety os emriranmental pmtection. . _
<br />:�. . .:'. .�:,� �-�•�.' NON-i)NIFORM COVENAN7'S.Horrower and Ix,nder fuNier covenant and agree as follows: .�_:
<br /> T; .
<br /> • 21.Aceeteratlon;RemedFes.Lender s6aU�Ive notice to Borro�ver prlor to acaeeteratiun foltowing$orrowa:r's brearL. ��r i��
<br /> . ,
<br /> ' ~� � of any covenant or agre�nent im t6is Sesusitq Inshvma►t (but nai prior to accelerat�on under paragcaph 17 �tess. u:*��:-
<br /> appltcabie.law proWdes otherwise�.The notice sHall specify: (a)the defanit;(b)the uct�on reqWr�to aae the defanit; �`�"`
<br /> i` .'� (cy a date,uot less ttmn 3�days from the date the nonce is given to Basrower,by w6Ich the�fa�It must 6e cured;an� �;�;:'_
<br /> _� �.:,: .:
<br /> � t�that fatim�e to cuce the defaWt on or 6efore the date spgci4ied in the.aotioe maY resnit€n $cceterallon of the s�, �_,_,
<br />`t•: '; � ..:'� ' sacure�t byr thiy Se�a�rlty I�stntmeat and sate of the Property.The nottce shall farther inform Borrowes oY tlte righi to � _=-
<br /> ""� "� remstate efter accele►atto:�r•�d the rlght to 6ring a court actioa w assert tQ�aoa-existenoe of a defaalt or urry at6er _ __
<br />�': � � defease ot Bosawer w ao�t�ratton and sa1e.If t8e detaWt is not,cnred on or before the date specified ifl the nn4Yce, a'�
<br />-� ��• .' Leader.at its option,may require im�diate paymeat in fnll of all sum9 sRCUred by thLs Secmity Inshumeat wittiaut r,, _.
<br /> '�',..• ,:'� ��•'. , . CarWEr demand and ruay invoke the poser of sate and aay o3her remedies peemitted by appltcable taw._Lender shaII Qe -
<br /> ��'? :' �' � �, entitted w oollect all expenses ins�ured(n puisotn�thQ reu►e�es provided In tlils paragraph Zl,iacludirtg,but not�
<br /> y.; •- � ta,reasorr�Me attorneys'fees aad costs of'tttte evldeu�. � �f�``
<br /> � �=-�=
<br /> �.�
<br /> :.�. ., ' " if the power of sale�s invoked, Trastee svall record a ao8ce of defanit.in eacb covnty in w6ich any pact of the .�,,.-_
<br /> +`� ;� -...� ... •` Property ts tcuoted and shall mail copi�of sac6 notice in We manner picscTibed by appltcable taw to Borrower and to �=:-;=
<br /> �:_-
<br /> ' tfae other persons prescribed by appllca6le law.Afte'r the time reqaired by appHcab2e law,Trustee shaD give pnbfic aotice �.__.
<br />_.��•: . � . of sate to the aersons and in the manner prescrltred by appltcable taw.Trustee,without demnad on�orrower,shall seU•
<br /> -,� � �' ��� . the Psoperty at pnbltc sucNon to t�e highest bidder at�the time and face and under the tenns designated tn t�e antice oY � ���
<br /> T� � � � sale im one or anom paroets and in any order Trustee determiaes.Tcustee may postpone sate of aU or any parcel of the �r.'�s=
<br /> �-�:-;�,:;: : �� . .
<br /> .��:�;'`�' • property 6y pnbltc anao�cement at the tlme and place of any previously sdsedWed sale. Lender or its deslgnee may • _
<br /> � .� . .: .. .. . .
<br /> �' .. • pnsthase the PropeMy at se3y saie.
<br /> . . «
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<br /> � Form 3628 9/80
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