|
..� ...
<br /> �I y . .. , .. - . . . .. .��;v��-
<br /> .. ,. ��4i�:':="'`�. - .. ._. . _.,.... . . . ._ . .. . . .. . . .. .._. . ... -=ivi'�w��•'
<br /> ,:F gg_ .i3z,�,� =
<br /> r. �:
<br /> . n ,, � =r
<br /> �
<br /> � ' _
<br /> � •17.Tmn9ter ut the Property or W Beneticlai Interest In 8orrower,If all or;my part of the Property ar any intcrest in it _
<br /> is�bid or transferred(or if a beneficial interest in Borrower is sold or transferrcd and Borro+ver is noi a natural person)withaut
<br /> . �� Lender's prior written consent, I.ender may, at its op[ion, require imn�ediate payment in full of all sums secured by this �
<br /> Security Instrument. However, thfs option shall not be exercised by L,ender if exercise is prohibitcci by fcderal law as of�he datc
<br /> N, of this Securiry Instrum�nt. —
<br /> ='� If L.ender exercises this option, I..ender shall give Borrower notice of aceeleration, The noiice shall provide u period of not
<br /> less [han 30 days from the date the notice is delivered or m�iled wiihin which Borrower rnust pay all sums secured by this �;
<br />• '. �j Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period. I.cnd�r may iirvoke any rcmcdics
<br /> .. permitted by this Seeurity Instrument without furthcr notice or demand on Borrower. �
<br /> 18. Barrower's Rlght to Relnstata If Bc►rrower meets certain conditions, Borrower shall have the iight to have ��
<br /> =r'�^� enforcernens of this Securiry Instrument discontinucd at any time prior to thc earlier of: (a)S days (or such other �xriod as
<br /> �� applicablc law may spccify for rclnstatement) before sale of the Property pursuant to any power of sale contained in this
<br /> Security Instntment;or(b)entry of a judgment enforcing this Security lnstniment. Those condi�ions are that f3orrower: (a) pays
<br /> Lender all sums which then would be due under this Security Instrument and the No[e as if no acceleration had occurred; (b)
<br /> cures any dcfault of any other covenants or agrecments; (c) pays all cxpenses incurred in enforcing this Sccuriry Ins[rument,
<br /> � ��. inc!uding, but not limited to, reasanable attomeys' fees; and (d) takes such action as Lender may reasonabiy requirc to assure
<br /> ' dtat the lien of this Security Instrument, L.r.nder's rights in the Property and Borrower's obligati4nto pay the sums secured hy —
<br />• this Security Instru�nertt shaU continue unchanged. Upon reinstatoment by Borrowor, this Saurity Instrument and the
<br /> � • � obligations secured hereby sha11 remain fully effective as if no acceleration had occurred. However,this right to reinstate shall
<br /> � not apply in tlte case of acceleration under paragraph l7.
<br /> ' 19. Sale of Note; Change of Loan Servlcer. The Note or a panial interest in the Note(togethcr with this 5ecurity
<br /> Instrument) may be sold one or more times withouc prior notice to Barrower. A salc may result in achange in the entity(known
<br /> �a'' �- ' as thc "Loan Servicer")that wllects monthly payments due under the Note and this Secunry Instrumenc.There also may be one
<br /> �. or more changes of the Loan Servic..r unrelated to a sale of the Note. If there is a change of the Loan Servicer, Borrower will be
<br /> _ { given written notice of the change in accordance with paragraph 14 above and applicable law. The notice will statc the name a��d
<br /> � address of the new l.oan Servicer and the address [o which payments should be made. The notia will also contain any other
<br /> . information required by applicabte law.
<br /> 20. Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any
<br />`�„�� ` Hazardous Substanas on or in the Property. Borrower shall not do, nor allow anyone else to da, anythinq aff�cting the
<br /> Property that is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence, use,or
<br /> " '-'�`;�••�, storage on the Propeny of small quantities of Hazardous Substances that are generaUy recognizedto be appropriate to norn�al
<br />_',� ;,,` residential uses and to rnaintenance of the Property.
<br />-• ` Borrower shall promptly givc Lender written notice of any investigation, claim, demand, lawsuit or other action by any
<br /> governmental or regulatory agcncy or privatc party involving the Property and any Hazardous Subs�ance or Environmental Law
<br /> - . :. of which Bonower Nas actual knowledge. If Borrower leams,or is n�tified by any govemrnental or regulatory authority, that
<br />= ,.�;, .. any removal or otlier remediation of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take
<br /> " all necessarv remedial actions in accordance with Environmental Law.
<br /> �:� �.'�( :�M1 M
<br /> As used in this paragraph 20, Hazardous Substanas" aze those substances defined as toxic or nazazdous subscan�es oy
<br /> �;�..,; .•�` Environmental Law and the following substances: gasoline, kerosene, other flammable or toaic petroleum praducts, toxic
<br /> �' p�sticides and herbicides, volatile solvents,materials containing asbestos or formaldehyde,and radioactive materials. As used in
<br />=,,_;a'�':`.• this paragraph 20, 'Environmental Iaw" means federal laws and laws of the jurisdiction where the Property is located that
<br />-:' •�. '�": relate to health, safety or environmental protection.
<br /> ` ' �'�` NON-UNIFORM COVENANTS.Borro�ver and L.cnder further covenant and agree as follows:
<br /> 'rt''��r'y". 21. Acceler�►tlon; Remedies. Lender shAll give noNce to Borrower prlor to accelerwtlon tollowing Borrower's brwch
<br />���t��i�y�, o[ wny covenwnt or agrament in thi9 Security Instrument (but not prior to acceleratbn under pxragraph 17 unless
<br />=r::,.::-� AppUc�►ble Ipw provides otherwlse). The noNce shall specity: (a) the default; (b) the ectlon rcyuired to cure the defoult;
<br /> :-4:�.� (c)a dAte, not less than 30 days[rom the date the notice is given to Borrower,by which the detault must be cured;ond
<br />_ � ��••-t� (d)thpt fwilure to cure the def�ult on or be[ore the clate specified in the notice mAy resultln occeln•ation of the sums
<br /> f'`'�'��, ti• secured by this Security Instrument and sale of the Property. The notice shall further Inform Borrower of the right to
<br />�'J-�`-�,`-•;:4;� reinstate aner accelerxtlon xnd the rlght to bring a coutt action to assert the non-existenM of a default or stny other
<br />�'�`?� defmse of Borrower to Acceleration and sale. I[the defs►ult is not cured on or be[ore th�d�te spec([ied in the notice,
<br />-�-;-r,••�•r, r" Lender, at its optton, may require immedlate poyment in full of all sums secured by thls Secudty Instrument without
<br />—`''"°�--` further danpnd and mo invoke the wer ot sale and an other remedies ermitted b a Icable law. Lender shall be
<br /> ,,:,,�,,�� Y P� Y P Y Pd
<br /> entltled to collcet all expenses incurred in pursuing the remcdies provldr.d in thlv paragraph 2f, includfng,but not Iimited
<br />_f�� to,ra�sonable attorneys'tees wnd costs ot title evldence.
<br />' . ' � It the power ot sale is invoked, Trustee sbAll record a notice of defwult tn each county in whlch ony part ot the
<br />""" Property is located and�hall mail copies of such notice in the manner prescribed by appl[cable lew to Borrower and to
<br /> .: ,�, the other persons prescribed by ppplEcable law. Aher the tfine requtred by appllcable law,Trustee shall give public notice
<br />-'• � o[sale to the persons and In the manner prescribed by applics►ble law. Tr�stee, without demwnd on Borrow�er, shAll sell
<br />�. ���'^`., the Property at public auction to the highest bldder at the tlme and place and under the terms designated In the notice of
<br />��-""`��' sale in one or more parcels and in any order Trustee determines,Trustee may postpone ssle of all or any parcel ot the
<br /> �'"�r.F� �� Property by pubfic announcement at the time and place of any previously scheduled sale.l.ender or its deslgnce may
<br />= ���-.�T �, purchwse the Property at ony sAle.
<br /> • . �
<br /> form 3028 9/90
<br /> �' �-ORINEI i92ix�.02 Pape 6 oi s , imueis
<br /> . ; m :l , r. .
<br /> r
<br /> • , _.. . . _ , ._.._.__,.,. .---� a��_.__,.,...,,_ --
<br /> •--._--- - ._._ ...... ,,.;,;��+�1vd��r�'"o --- -- - . ,..
<br /> �
<br /> � "
<br />
|