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<br /> • ' 1 T. Tr�nsf�r of th� Prap�rty or p Bonmflclal Int�rsat in Borrower. u au or any pnA oi �Ae Property or '"-
<br /> any Interest In it Is sold or translerred (or II a ben�ticiol Interosl In Borrower Is sold or tr�nslo�eni IntlulBl�o1 nllesums s'ecurod by
<br /> person)without Londer's prlor wrttten consen t, L o n d e r m u y.o t I I:� o p t l o n, r e q u l r o I m m o d l a to pn y
<br /> ihls Security Insirument. Howover, thls optlon ohall not bo oxarclsod by londer il oxorclso Is prohlbfted by federal law as ot tho
<br /> date ot thls Security Instrument. '
<br /> I1 Londor exorclsos thls optlon, Lender shall flive Borrower notica ol ecceloratlon. 7ho notico shall provlde e pertod oi not
<br /> less thnn 30 dsys trom the date ihe notice Is deliveied or mulled wlthln whlch Borrower must pay ell swns secured 6y lhis _
<br /> Security Inatrument. II Barrower lalls to pav these sums prlor to the explrellon o1 Ihls period, I.onder may Invoke any remedles �
<br /> permltted by thic Socurlty Instrument without (urther notice or demend on Borrowec
<br /> 18. Bor►ower's Rlght to R�Inst�t�. If Bortawer meets certaln conditlans, Borrower shall heve the right to nave '� `:
<br /> enlorcemont of thla 3ecudty Insirument dlacontlnued at eny tlme prlor lo tha eadler ol: (a) 5 days (or such other penod as
<br /> epplicable law mey apecify for reinstatement) before sale o1 the Property pursuant to any po�ver o1 sale contalned�e ts'Londerria l � '3
<br /> ,�.,-•�*� Instrument; or (b) entry ol a Judgment enforcing this Security Instrument.Those conditions are thet Borrower: (01 P Y cures an -
<br /> ^a� sums whlch then would be due un der l h is S e a�r i t y I n s t r u m e n t a n d t h e N o t e a s i f n o accaleratlon had occurrad: (b) Y ~ '
<br /> delault of any other covenent or agreementa; (c) pays ell expenses incurrod in anforcing this Secuiih� Instrumenl. includfng. but� „
<br /> not Iimlted to, reasoneble eflomeys' tees; and (d) tekes such action as Lender may reasonably requlro to essure Ihat the Ilen ot •-
<br /> thls Security Instrument. Lender's rlghts In the Property and Borrower's obligallon to pay the sums secured by thls Security� r
<br /> Instrument shall contlnue unchenged. Upon relnstatement by Borrower. thls Security Instrument and the obligatlons secured F
<br /> hereby shall remsln fuliy etlective as If no acceleratlon hed occurred. However, thls rl�ht to relnstnte shall not apply in the case �
<br /> of acceleratlon under paragraph 17.
<br /> � 19. Sale of Note; Change of Loan Servicer. The Note or a a partial interest in the Note (together with thls j
<br /> Security Instrument) may be sold one or more tlmes without prior notice to Borrower. A ssle may result in a change in the entity
<br /> (known as the `Loan Servlcor")that collects monthly paymenls due under tho Note and this Security Instrument. There also may _�_
<br /> be one or more changes of ihe Loan Servicer unrelatod to a sale of the Note. If there Is e change ot the Loen Servicer, �
<br /> Borrower wlll be glven written notice oi the change In accordance with paragraph 1a ebove and applicable law. The notice will —
<br /> state the name and sddress of ihe new Loan Servicer and the address to which payments should be made. The notice wlll also Y
<br /> conteln any other Infortnetlon required by applicable law.
<br /> . 20. Hazardous Sub8teI11CAe. Borrower shall not cause or pertnit the presence, use. dlsposel, storage, or release ot
<br /> � eny Hezardous Substances on ar in the Property. Bortower sheu nat do, nor allow anyone else to do, anything affecting the
<br /> Property lhat Is In vlolation of any Environmental Law. The preceding two sentences shall not apply to the presence, use, or
<br /> � storage on the Propetty oi smell quantftles of Hazardous Substances that ere gonerally recognized to be approprlate to nortnal
<br /> �,. resldentlal uses and to melntenance of the Property.
<br /> Borrower shall promytly gNo Lender written notice of any Investigation, clalm, demand, Iawsuit or other actlon by any
<br /> �. govemmental or regulatory sgency or privale party involving the Properly and any Hazardous Substance or Environmental Law oi
<br /> ' '� whlch Bottower hes actuel knowledpe. it bonower idams, ur is ��oiY�e� hy��y gc'rs:ns�'ent°! ^' 'enuiatory euthodty, that any
<br /> � removal or other remedlatlon of eny Hazardous Substance aHecting Property is necessery, Borrower shall promptty take all
<br /> necessary remed��l ectlone in eccordance with Envlronmental Law.
<br /> t..,
<br /> As used In uds paregraph 20, `Hezardous Substences°are those substances deflned es toxic or hazardous substances by
<br /> ,. Environmontal Law and the foilowing substances: gasoline, kerosene, other flammable or toxic petruleum products, tox c
<br /> n pesticldes and herblcldes,volatile salvents, materials containing asbestos or fortnaldehyde,and radfoactive metedals. As used In
<br /> � paragreph 20, "Environmental Law" mesns federal laws and Isws of the Jurisdicllon where the Property Is loceted that relete to
<br /> health, safety or envlronmental protectlon.
<br /> `, NON-UNIFORM COVENANTS. Borrower end Lender turther covenant and egree as follows: -
<br /> k 21. Acceleration; Remedlee. Lender shall give netice to Dorrower prlor to acceleration ,,
<br /> foliowing Borrower'� breach of any covenant o� agreement in this Security Instrument (but not -
<br /> �. prior to acceleration under paragraph 17 unless applicable law provides otherwfse). The notice
<br /> � .x ahall specify: (a) the default; (b) the actlon requlred to cure the detault; (c) a date, not less then
<br /> �' 30 days from the date the notice la given to Borrower, by wh�ch 3he default must be cured; and
<br /> - "' (d) that failure ta cure the default on or before the date apecified In the not[ce may result in
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<br /> acceleration of the sums secured by this Security Instrument and sale of the��roperty. The notice
<br /> ? shall further tnform Borrower of the right to reinstate after acceleratlon and the right to bring a
<br /> �• • court actlon to assert the non-exlatence of a default or any other defense of Borrower to _
<br /> ,� acceloration and sal�. If the default is not cured on or betore the date specffled in ihe notice, -
<br /> Londer at its optlon may require immediate payment in full of all sums secured by this Security �
<br /> ' Instrument without further demand and may invoke the powor of sale and any other remedles =
<br /> permitted by appllcable law. Lender shall be entttled to collect all expenses Mcurred In pursuing �:_.�_.
<br /> the remedies provlded In this paragraph Z1, including, but not Ilmited to, reasonable attorneys' _��._„
<br /> feea and coste of tltle evidence. ` _
<br /> If tho power of sale fs Invoked, Trustee ahall record a nntice of default in dach county In
<br /> which any part ot the Property is located end shall mall copies of such notice In the manner
<br /> prescribed by appllaable law to Borrower and to the other persons prescribed by applicable law. .
<br /> After the time required by applicable law, Trustee shall give pubHc notice of sale to the persons
<br /> and In the manner prescribed by applicable law.Trustee, wlthout demand on 8orrower, shall sell
<br /> the Property at public auction to the highest bidder at the time and place and under ths terma
<br /> designated in the notico of sale in one or more paraels and In any order Trusstee determ�nes.
<br /> Trustee may pOStpone sale of all or t�ny parcel of the Property by pubUc announcomont ot tho
<br /> _ time and place of any previously scheduled sale. Lender or its desf�nee may purchase the
<br /> Property at any sale.
<br /> . 1 ___�._. ..s .,s...,.o.,* nf fha n�ir.a 61d. Trustee shall doliver to the purchaser Trustee's
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<br /> deed conveying the Property. The recttals in the �rustee's deed shall be prime facle evidence of
<br /> the truth of tho statements made 4he�ein. Trustee shall apply the proceeds of the sale fn the
<br /> following order: (a) to all costs and expenses of exerclsing the power of sale, and the sale,
<br /> including the payment of the Trustee's fees actually Incurred, not to exceed three
<br /> _ � �'o of the principal amount of the
<br />- � note at the tlme of the declaration of defautt, and reasonable attomoy's fees as pvrmitted by law;
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<br /> _ ' (b) to all sums secured by this Security lnstrument; and (c) any excess to the person or persons
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<br /> legally entitled to it. �
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