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<br /> • 16.Horrawcr's Copy.Horrower shall be given one conformed copy of the Note and of thia Security Inetrument. w°'
<br /> l7. 'I'ranafer of the Propertx ar s Beneficial Interest in Borrower. If ell or any part of the Property or any . ,
<br /> intereat in it is sold or transferred(or if a beneficial interest in Borrower is sold or tranaferred and Ii�rrawer is not a ` �
<br /> natural pc:rson)without Lender's prior�ti�ritten consent,I.ender may,at it4�ption,require immediete payment in Pull of i ,
<br /> all Aume secured by thia Security Inetrument. I��nwover, thia option ehall not t�e exercised by Lender if exercise is
<br /> ;,. prohibited by federal lew as of the date ot thie Security Instrument. „
<br /> ' ,�, If I.ender exercises this option,I.ender shall give Borrower natice of acceleration."The notice shall provide a period
<br /> of nat less than 30 days from the date the notice ie delivered ar mailed within which Iiorrower muat pay all suma secured ,
<br /> by this Security Inatrument.It Borrower faila to pay these aums prior to the expiration of this period,I.ender may invake ,
<br /> any remedies permitted by thia Security Instrument without Yurther notice or demand on Barrower. �
<br /> t8. Borrower's Right to Reinstete.If Borrower meeu certain conditions,Aorrower shall have the right to have " .:h-_ ,
<br /> enfarcement of thie Secunt�Instrument discontinued at any time prior to the earlier of:(a)5 days(or auch other period ••'" '°-�`
<br /> ae applicable law may specify for reinatatement)before sale of the Property pursuant to any power of sale contained in �'�'_
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<br /> . this Security Instrument; or (b) entry of n judgment enforcing thie Secur�ty Inetrument. those conditions are that -
<br /> Borrower: (a) pays Lender all sums which then would be due under this Security Instrument and the Note as if no �:
<br /> acceleration had occurred;(b)cures any default of any other covenants or agreementa; (c)pays all expenses incurred in
<br /> enforcing thie Security Inatrument,inc lu ding,bu t no t limi t e d to,reaso n a b l e a t t o r n ey e'f e e s;a n d (d)t a k e a s u c h a c t i o n a s '�;�
<br /> Lender may reasonably require to essure that the lien oP this Security Instrument,L ender's rights in the Property and ,
<br /> Borrower's obli�atioa to pay the aums sccurcd by this Security�Instrument shall continue unchanged.Upon reinetatement ".y._
<br /> by Borrower,this Security Instrument and the obligations secured hereby shall remain fully effective ea if no acceleration �;_
<br /> had occurred.However,this right to reinatate shall not apply in the case of acceleration under paragraph 17. :�_-
<br /> 19.Sale of Note;Change of Loan Servicer.'I'he Note or u pnrtial interest in the Note(to�ether with this Security
<br /> ,. Inetrument)may be sold one or more times without prior notice to Borrower.A sale may result in a change in the antity
<br /> '�_ (known es the"Loan 5ervicer") that collects monthly payments due under the Nute and this Security Instrument.There
<br /> ;�� also map be one or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the I.oan __
<br /> Servicer,Borrower will be given written notice of the change in accordance with paragraph 14 above and applicable law.
<br /> `�� The notice will atate the name and address of the new Loan Servicer and the address to which payments ahould be made. _
<br /> 'The notice will also contain any other information required by applicable law. --
<br /> 20. Haaardous Substances.Borrower ehall not cause orpermit the presence,use,disposal,etorage,or release of
<br /> � any Hazardous Suhstanaes on or in the Pro�erty.Borrower shall not do,nar allow anyone else to do,anything affecting _
<br /> the Property that ie in violation of eny Environmentnl Lacv.The preceding two sentences ehall not apply to the presence,
<br /> _- use, or storage on ttiC r^rupeity of o�nall quan'atia: af Hszs:do� Subsisa�es *.l:st a�e geaera!�; *eCO$P.±ze� to 1_+P _.
<br /> appropriate to normal residenual uses and to maintenance of the Property.
<br /> �. Borrower ehall promptly give Lender written notice of any inveat�gation,claim,demand,laweuit or other action by �
<br /> •:!: any governmental or regulatory agency or privete party involving the Property and an� Hazardoua Substance or
<br /> ;y Environmental Law of which Borrower has actual knowledge. If Borrower learns,or is notified by any governmental or �� .
<br /> �•� regulatory authority, that any removal or other remediation of any Hazardoua Substance affecting the Property ia :°-
<br /> necessary,Borrower shall promptl�take all necessary remedial actions in accordance with Environmental Law. �;�'
<br /> ' As used in this paragraph 20, Hazardoua Substances"are those substances defined as toxic or hazardous sobstances
<br /> '� by Environmental Law and the following aubstances:gasoline,kerosene,other flammable or toxic petroleum praducta, `�!"�
<br /> d, toxic �esticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive ,.
<br /> matenals.As used in this paragraph 20,"Environmental Law" means federal laws and laws of the jurisdiction whera the �,tis_
<br /> Property is located that relate to health,safoty or environmental protec;tion. Y:=�,
<br /> NON'UNIFORM COVENANTS.Borrower and Lender f urther covenant and agree as followe: ��:��
<br /> 21. Acceleratiou; Ramedtes. Lender shall Rive notice to Borrower prior to acceleratton following
<br /> Borrower's breach uf any covenant or agreement in t6is Security Instrument (but not prior to accoleratioa
<br /> under paregraph 17 unless appltcable law pr�vides otherwise).The notice shall specify: (a)the dofault; (b)the - __
<br /> action requ�red to cure the defeult: (c) a date, not less than 30 days from the date the notice is given to `"._,.
<br /> � Borrower, by which the default must be cured; and (d)that feilure to cure the dcfault on or before the date � —T•..'=�__
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<br /> specified in the notice may reault in acceleration uf the sums secured by this Security Instrument and sale of
<br /> � the Property.The notice shall further iniorm Borrower of the right to reinstate after acce(eration and the � '•��__.
<br /> right to bring e court action to assert the non-existence of a defsult or any other defense of Borro�ver to .= ___- _---
<br /> acceleration end sale. If the default is not cured on or before the date specified in the notice, Lender, et its -_
<br /> option, mey require immediato payment in full of sll snms secured by this Security Instrument without _-- _
<br /> further demand and may invoke the power of sale and any other remedies permitted by applicable lew. ,�' `^
<br /> Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this peregruph °�;,:�,� _�� ;��=��.�
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<br /> 21,inclading,but not limited to, rcasonable attorneys fees and costs oi title evidence. . �, ;,��'.,.• .
<br /> If the power of salo is invoked,Trustee shall record a notice of default in each county in which any part nf � � .
<br /> thc Property is located and shall mail copies of such notice in the manner Qrescribed by applicable law to � •
<br /> Burrower and to the other persons ptescribed by applicable lew.After the t�me required by applicable law, ••� ��"y'�'
<br /> Trustee shall give public notice of sale to the persons and in the manner prescribed by ap�licable law.Trustee, • �•:;, '-
<br /> jwithout demand on Borrower,shall sell the Property at public auction to the highest bidder et the time and . . .
<br /> I place and under the terms designated in the notice of sale in one or more parcels and in any order Trustec
<br />. ; determines. Trustee may postponc sale of ull c�r any parcel of tl�e Property by public announcement at the
<br /> I timc end place of any previously scheduled sale. I.ender or its designee may purchase the Property at any
<br /> j
<br /> sale.
<br /> G
<br /> � Form 3028 9/90 �
<br /> � �—BR(NE1�9�,��0+ a�o. ry o� e inlcisla:�� `
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