|
.,.. .:_
<br /> ..—___ . ......,-:,��,- .l'
<br /> riw.� - • � � .-
<br /> ��
<br /> ' "_'_'__'....
<br /> ., .. _
<br /> ..:_7�@� ., -
<br /> �:,'a•. - - . ' .
<br /> " .�.—
<br /> ----` —._..... .. . . .,. —. ,_
<br /> - _ . . r . w�bae[••r•c.
<br /> . • thY'
<br /> � w�
<br /> � 1 b.Horrower's Ce�py. Horrower ehall be given one contormed copy ot the Note and of thie Security Instrument. ���
<br /> • 17. Tnuefer u1 the Praperty c�r a Iidneticial Interest In Borron•er, !f all or an;� part of the Property or nny� . �_ .
<br /> interest in it ie sc�ld or trene[arred(or if e beneficial interest in Borrowet is s�ld or traneferred end Horrower ie not a
<br /> .,. natural person) without I.ender's prior written consent,Lender may,et its option,require immediate payment in tull of '�
<br /> " � .,,. all sums secured by thia Security Iqstrument. Howover, this option shall not be exercised by I.ender if dxercise i� . ,"�.;;�-
<br /> prohibited by federal law es of tha datt af this Security Instrument. �
<br /> If L,end�r exercises this o tion,I,ender shall give I3orrowar notice�f acceleration.'fhe natice shall provide a period �'�,;
<br /> � of not less than 30 deys from tRe dete the notice ie delivared or mailed within which Borrower muat pay all sume secured ,_ ''_.-�i
<br /> by this Security Instru�rient.If IIarrower fails to pay theso sums prior to the expiration ot this period,Lender mey invoke , _��''_ __.
<br /> any remedies perittitted by thie Security Instrument without further notice or demand on Borrower, � :
<br /> � l8. Borrower's Ri�ht to Reinstate.If Barrower meets certain conditions,Borrower ahall have the right to have "d � _ --
<br /> : enforcement of this Securit�Instrument discontinued at any time prior to the earlier of: (a) 5 days(or such other period � ��
<br /> as applicable law may specify for rsinetatement)before sale of the Property purauant to any power oi sale contained in � :''
<br /> this Security Instrument;or (b) entry of a judgment enforcing this Security Instrument. 'Those cot�ditions ar� that .,,,�-�
<br /> • Borrower: (a) pays Lender all sums which then would be due under this Security Instrument end the Note as if no d Nrr�—
<br /> • acceleration had occurred;(b)cures any default of any other covenanta or agreements;(c) pays all expenses incurred in � -;�-=--
<br /> enforcing thie Security Instrument,including,but not limited to,reesonable attorneys'fees;and (d) takes such action os
<br /> • Lender may reasonably require to assure that the lien of this Security Instrument,I.ender's rights in the Property and � -
<br /> Borrower's obli�ation to pay the sums secured by this Security Instrument ehall continue unchanged.Upon reinstntoment
<br /> by Borrower,this Security Instrument and the obligationa secured hereby shall remain fully effxtive as if no acceleration _ _—
<br /> had occurred.However. this right to reinstate shall not apply in the case of acceleration und�r paragraph 17.
<br /> � . 19.Salo of Note; Change of Loan Servicer.Tha Note or a partial interest in the Note(topether wit h thia Security
<br /> Instrument)may besold one or more times without prior notice to Borrower.A sale may result in a change in theentity
<br /> (known es the"Loan Servicer")that collects monthly payments due under the Note and this Security Instrument.There _
<br /> �• also may be one or more changes of the Loan Servicer unrelated to a sale of the Note. If.there ie a change of the Loan ;_
<br /> . Servicer,Borrower nill be given written notice of the change in accordance with paragraph 14 above and applicable law. :
<br /> , ,:
<br /> � The notice will state the name and address of the naw Loan Servicer and the address to which payment4 should be made. .,,,_
<br /> The notice will also contain any other information required by applicable law.
<br /> 20. Hazardous 5ubstances.Borrower shall not cause or permit the presence,use,disposal,storage,or release of
<br /> any Hazardoua�ubstances on or in the Froperry.Borrower sna1l noi dv,twr alluW nCtj�uiic 61tso t0 uG,anything atfaciing
<br /> the Property that is in violation of any Enwronmental Law.The preceding two sentences ehall not apply to the presence,
<br /> . use, or storage on the Property of small quantities of Haxardous Substances that are gonerally recugnized to be �`�-�
<br /> appropriate to normal residential uses and to maintenance of the Property. --
<br /> Borrower shal]promptly give Lender written notice of any investigation,claim,demand,lawsuit or other action by
<br /> any govornmental or regulatory agency or private party involving the Property and any Hazardous Substance or � _—_
<br /> Fnvironmental Law of which Borrower has actual knowledge. If Bonower learns,or is notified by any governmontal or ti�P�t�
<br /> regulatory suthority, that any removal or other remediation of any Hazardous Substance affecting tha Property is �I
<br /> necessary,Borrower shall promptl�+take all necessary remedial actions�n accordance witl�Environmental Lew. �"T
<br /> As used in this paragraph 20, Hazardous Substances"are those substances defined as toxic or hazardoas substances ,
<br /> by Environmental Law and the following substances:gasoline, kerosene,other flammable or toxic petroleum praducts, ---�
<br /> toxic pesticides and herbicides, voletile solvents, materials containing asbestos or formaldehyde, and radioactive _ - -
<br /> matenale.As used in thisparagraph 1A,"Environmental Law" maane fedcral Iawa and laws ot the jurisdiction where the - - -
<br /> Property ie located that relate to health,safety or environmental protection.
<br /> NON'UNIFORM COVENANTS.Borrower and l.ender further covenant and agree as follows; .
<br /> 21. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration foUowing __-�.,
<br /> Borrower's breach of eny covenant or agrCement in this Security Instrumeat(but not prior to acceleration ___._.._._.
<br /> ' under paragraph 17 unless�pplicable law provides otherwise).The notice sh�ll specify: (�)the default;(b)the =
<br /> ', action requ�red to cure the default; (c) a date. not less than 30 days from the date the notice ie given to -�
<br /> � Borrower, by whic6 tho default must be cured; and (d)that failure tn cure the def�ult on or before the date J':�.�:=��
<br /> � ; specified in the notice may result in acceleration of tho sums secured by this Security Instrument and sale o[ -__-�`_` -
<br /> � the Property. The notice shell further inform Borrower of the right to reiast�te aiter accelerat{on and tha
<br /> � , rig6t to bring a court action to assert the non-existence of a default or �ny other defense of Borrower to ---
<br /> acceloration aad s�le_ 1t the default is not curcd on or before the date specified in the notice, I,ender,st its � ���•�
<br /> option, may require immediate pagment in full of all sums secured by this Security Instrument wituout �''' -
<br /> '� further demand and msy invoke the power of sale and any other remedies permitted by applicable law. �`����''� �
<br /> Lender shsli be entiticd to collect all expenses incurred in pursuing the remedios provided in th�s par�graph �'.��
<br /> .��q�(..
<br /> 21,including,but not limited to,reasonable attorneys'fees and costs of title evidence. `;,�,�.kT��
<br /> If tho power of sale is invoked,l'rustee shall record a notice of default in each county in which any part of , ,�z.;
<br /> the Property is laceted and shall mail copies of such notice in the manner Qrescribed by applicable law to �.'':�F'.
<br /> � Borrower and to the other persons prescribed by applicable law. After the time required by applicable law.
<br /> � 'Trustee shall give public notico of sale to the persons and in the manner prescribed by npQlicable lew.Trustee.
<br /> I �vithout demand on Borrower,shall sell the ProQerty at public euction to the highest b�dder at the 3ime and
<br /> � place and under the tcrms designated in the not�ce of sale in one or mnre psrcels and in any order Trustee
<br /> I detormines.Trustee rney postpone sale of all or any parcel of the Property by public announcement at the
<br /> i time and place of any previously scheduled sate. Lender or its dcsignee may purchase the Property at any
<br /> I sale. i
<br /> � �� Form 302d 9/90i
<br /> � Q�-8R(NEli9�iz�.o, P.o.s er o Innlele.'�� f —. ...- _—.--.--
<br /> I
<br /> , � � j .
<br /> , �
<br /> _
<br /> I
<br /> --1_ __---_ _ _ _ _ _
<br />
|