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<br /> ' . 17.Tr�nsfer of the Property or a Beneflcial Interest fn Borrower. it au or eny part of the Property or �•-;��.��„,,;��
<br /> • any interest In It Is sold or transterred (or Ii e beneticlal Interest In Borrower Is sold or transferred end Borrower Is not u natural '. ,-�;�_
<br /> person)without Lender's prlor wr%ten consent,Lender may,et its opqon, requlre Immedlete payment in full ot ell sums secured by , �'.:`
<br /> this Secudty Instniment. Howavor, this optlon shall not be oxercised by Lnnder il oxercise is prohibited by federul law es of tho
<br /> date of Ihis Securily Instrument.
<br /> If Lender exerclses thls optlon. Lender shall give dorrower notice o1 acceleretion. Tho notico shall provide a penod of not .
<br /> less than 30 days lrom tho date tha notice Is detivered or mailed within which Borrower must pay all sums secured by ihis � ,. _.
<br /> Security In�trument. If Florrower falls to pay lheso sums prior to the expirellon o1 thls period. Lender may invoko any remedies �
<br /> � permltted by ihls Securlty Instrument without luRher notice or demand on Borrower. '
<br /> � � 1 8, Borrower's Right to Relltetate. Ii Borrower meots cerlain conditions. Borrower shall have the nght to have ,
<br /> enforcemont ot thls Secudty Instniment discontinued at any time prior to tha earller ol: (a) 5 days (or such other porlod as � ' —
<br /> appllcable law may speclly for relnstetement) before sele oi the Property pursuant to eny power of sale contzined in this Secunty r . -
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<br /> � Instrument; or(b) entry of a judgment eniorcing thls Security Instrument. Those conditlons are ihet Borrov�er: (a) pays Lender all __
<br /> i�, sums which ihen would be due under this Secudry Instrument and the Note as if no acceleration had occurred; (b)cures any � —
<br /> delault oi any other covenant or egreertients; (c) pays all expenses Incurred In enforcing thls Securiry Instrument, Inctudfng, but p
<br /> not Ilrttfled to,rea�oneble attomeys'ioes; and(d)lakes such ection as Lender may reasonably require to assure that lhe lien of N =—_-
<br /> � thls Security Instrument, Lender's rlghts In �he Property and Borrower's oblfgalion to pey the sums secured by this Security
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<br /> � ' Insirurnent shall Conlinue unchanged. Upon rslnstetement by Borrower. Ihis Security Insirument and the obligations secured
<br /> 1 hereby shall remein fully eNective as if no acceleratlon had occurred. However,this right to reinstate shall not apply in tho case
<br /> � of eccHeration under paragraph 17. _
<br /> • 19. S�le Of NOte; Chunge of Loan Servtcer. The Note or a a partlal Interest In the Nota (together with thls —
<br /> ; Security Instrument) may be sold one or more tlmes wfthout prlor notice to Borrower.A sele may result In e change In the entity �
<br /> � (known es the "Losn 3ervlcer")that collects monihly payments due under the Note and thls Securlty Instrument. There also may _ _
<br /> � be one o� more changes of the Loan Servicer unrelated to a sale of the Note. II there Is a change of the 4oan Ser�lcer, __ _
<br /> Borrower w�l be given wririen nolice ot the chango In accordance with pera�raph 14 above and applicabla iaw. The notice will _ _
<br /> � � � stete ihe name ctnd addresa of the new Loan�ervlcer and ttie address to which payments should be made. The notice will elso
<br /> ' contaln any other Informatlon requlred by applicf►ble law.
<br /> t � 20. Hazardous Substances. Bortower shall not cause or permlt the presence, use, disposal, storage, or release ot
<br /> any Hezardous Substances on or In the Properry. Borrower shall not do, nor allow enyone else to do, anything attecting the
<br /> � � i Property that Is In violatlon of any Envlronmental Law. The preceding hvo sentences shall not appiy to the presence, use, or
<br /> ' , storaga on tho Property ot small quantitles of Hezardous Substances that are generally recognlzed to be appropriate to nortnal
<br /> , ''�,� � resldenllal uses and to melntenance of the Properly.
<br /> � Borrower shall promptly glve Lender written notice of any investigation, claim, demand, lawsult or other action by any
<br /> � govemmental or regulatory agency ar private party Invalving the Property end eny Hezardous Substance or Environmentel Law of
<br /> � ' whlch BoROwer has actual knowledge. If Borrower leams, or is notifled by eny governmental or regulatory authority, that any
<br /> '� removd or other remedlatlon of any Hazardous Substance attecting Properly is necessary, Borrower shell promptly lake all
<br />- — necessery remediai actions in accorJai�ce w��h E��.Irorm�^!s;La;�.
<br /> - As used in this paragraph 20, °Hazardous Substances" are those substences defined as toxic or hazardous substances by
<br /> Environmentel Law and the tollowing substances: gesoline, kerosene, other tlammable or toxic petroleum products, toxlc
<br /> - pesticides end herbicldes,volatile salvents, matedals containlne� esbestos or icrmaldehyde, and radioactive materials. As used In
<br /> peragraph 20, "Environmental Law' means federel laws and laws of the�urisdlctlon where the Property Is located that relate to —
<br /> , health,safery or environmental protection. —_
<br /> NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: _^._
<br /> � 21. Acceleration; Remedies. Lender shall glve notice to Bor�ower prlor to acceleratfon �e_
<br /> following Borrower's breach of any covenunt or agreement in this Security Instrument (but �ot ��_..
<br /> �� pri4r to acceleration under paragraph 17 unless appltceble law provtdes otherwise). The notice ��._
<br /> �• ahall specify: (a) tho default; (b) the action required 4o cure the default; (c) a date� not less than
<br /> t�•. � 30 days from the date the notfce is given to Borrower, by which the defauft must be cured; and __
<br /> (d) that failure to cure the default on or before the d�te specified In the notice may result In
<br /> . � I accelaration of the sums secured by this 5ecurity Instrument and sale of the Proporty. The notice
<br /> �., shall further inform Borrower of the right to reinstate after acceleretion and the right to bring a _
<br /> � ` court action to asaert the non•exlatence of a default or any other defense of Borrower to
<br /> � � acceleration and sale. If the default is not cured on or bofore the date specified in the nutice,
<br /> F • Lender et Its optlon may requlre Immedlate payment in full of all sums secured by this Socurity � .
<br /> �� ; Instrument without fu�ther demand and may invoke the power of sale and any other remedles
<br /> • permitted by applfcable law. L.ender shell be entitled to collect all exqanses incurred in pursuing —
<br /> . the rernediea provided in this paragraph 21, including, but not limited to, reasonable attorneys' __Y _
<br /> . ' fees and costs af title evidence. ��ti_.
<br /> If the power of sale Is invoked, Trustee shall record a notice of default in each county fn •.;•
<br /> • which any part of the Property is located and shall mall copies of such natice in the manner .,�. ,;,,.,_�;
<br /> prescribed by applicable law to Borrower and to the other persons prescribed by apqlicable law. _,:::,�,���
<br /> i licabte law, Trustee shall Ive ublic notice of sale to the persons "" :`'''�?`
<br /> , After the time required by app 9 P
<br /> � and In the manner presaribed by applicable law. Trustee,without demand on Borrower, shall sell . _
<br /> j the Property at public auction to the hic�hest bidder at the time and place and under tfi�e terms ..
<br /> i deslgnated in the notica of sale in one or more parcels and fn any order Trustee determinea.
<br /> i Trustee may postpone sale of all or any parcei of the Property by public announcement at the
<br /> i tirre and place of any previously scheduled sale. Lendep or its designee may purchase the •
<br /> Property at any sale.
<br /> ; Upon recofpt of payment of the price bid, Trustee shall deliver to thie purchaser 7rustee's ,
<br /> ', deed conveying the Property. The recitals in the Trustee's deed shall be prima facle evidence of
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<br /> �_._._....,.. .....ae ►hn�nln r����tpp shall aunlv tNe aroceeds of the sale In the
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<br /> 1 followfng order. (a) to all costs and expenses of exercising the power of sale, and the sale,
<br /> . , Including the payment of the Trustee's fees actually incurred, not to exceed three
<br /> 9'a af the principal amount of the
<br />- nate at the time of the declaratfon of default, and reasonable attorney's feos as permitted by law;
<br /> (b)to all sums secured by this Securlty Instrument; and (c) any excess to the person or persons
<br /> tagally entitled to it.
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