|
��1 5�665�
<br /> Transfer of thQ Prtiper�y ar a E�nefi�ial In�eres�i�n Borrower.�f a��or any par�of�he Prop�r�y ar any interes�
<br /> in it is s�ld ar �ransferred 4or �f a beneficiaT in�erest in Borravver is said aar �ransferred and Barrower is not a
<br /> natura� person� u�i�haut Lender's prior urritten cansent, Lerider may, a� its opt�on, requ�re immedia�e pa�rment in
<br /> full of all sums secured by thi� 5ecurit� Ins�rument. HoWe�rer, �his op#��n sha�� n�� be exercised lay Lender if
<br /> exerci�e is prahibi�ed b�federal laur as of�he date of��is Securi�y�ns�rumen�.
<br /> �f Len�Ier exercises this op�ion, Len�er shal� give Barra�ver no��ce ❑f accelerat�on. The no�ice sha1l pr�vide a
<br /> period of not�ess than�he m�r�imum r�umber of days es�ab�ished by App�icable Law from th� da�e the natice is
<br /> delivered or mailed vv��h�n whi�h Barra�er must pay all sums �ecured by this Security Ins�rument. �f Barrower
<br /> fails to pay�hese sums pri�r�� �he �xpira�i�n af th�s periad, Lender may invoke any remedies perm����d by th�s
<br /> Secur�ty�ns�rument wzthout further not�ce or demand or�Barrower.
<br /> Lorrower's Right �o Re�.nstate. �f Borrovver rneets cer�a.�n conditi�ns, Borrawer shall have the righ� to have
<br /> enf�rcemen��f th�s Security Tns�rurnen�discont�nued a�any tirne pr�ar to the earlier af: (a} S days��r such��her
<br /> peria�as Applicable La�v rnay spec�fy fflr reinsta.tem�nt}�efare�a�e af�he Property pursuant�o any power of sale
<br /> can�a�ned in this 5ecur�ty Instrument; �r �b) en�ry of a judgmen� enforcxng th�s Security �ns�rum�nt. Tho�e �
<br /> candxti�ns are �hat Borr�wer: �a� pays Lender a11 surns v�rhich �hen u�ou�d be due under this Security Instrument
<br /> and the C�ntract as�f no ac��lerati�n had occurred; �b��ure�any default af any other�ovenants or agreements; �c}
<br /> pays all expenses�ncurred in enfarcir�g�his Secur�ty�nstrum�nt,rncluding,bu�not lim�ted to,reasonable af.torneys'
<br /> fees�� �he ex�erit permit�ed by lav�; and�d�ta�es such action as Lender may reasonai��y require tn assure tha��he
<br /> ��en af thi.s 5ecurity�ns�rument,Lender's righ�s�n the Prapert�y and F�arrovver's ob��gati�n ta pa�th�sums secur�d
<br /> by�his Security Ins�rument shall cfln�inue unchanged. Upo�a reuas�a�ernen�by Borr��ver, th�s Security Ins�rumen�
<br /> and the �bliga�ons s��ur�d her�b�shal�remain ful�y effec�iv� as if no accelera�ion had occu.rred. However, �his
<br /> righ�ta reins�a�e sha�l not app�y in the case of accelera�ion under�.e sec�ian���1ed Transfer of the Property�r a
<br /> Ben�ficial Interest in�34rrovver.
<br /> Hazardous Substan�es.Barrowe�shail no��ause or permit the presence,use, dispasal, �tara�e, or re�ease of any
<br /> Ha�ardous Suhs�anc�s an�r in the Property.Borrower sha1�not do,nar a�la�v anyon�else to do,anything affec�ing
<br /> the Property that is in vio�at�on of an�Environrnen�al La�v. The pre�eding twa sentenGes shal� no� app�y�o the
<br /> presence,use,ar s�orage on�he Proper�y of�ma1�qua�.tzties af Ha2ard�us Substa.nces�.a#ar�genera�l�recagnized
<br /> t�be apprapria�e�o norrnal residen�ial uses and�o main�ena��.ce of the Pr�per�y.
<br /> Borra�ver sha1�promptl�give Lender wrz�ten riti��ce of any inves�iga�ion,c�aim,dernand, lawsui�ar o�her ac�ion by
<br /> any gavernmental or regulatory agency or private par�y in�a�ving �he Prflperry and any Hazardaus Substan�e or
<br /> Environrnental Law of vvh�ch B�rrower has ac�u.a� knowledge. �f Borro�er Iearns, ar zs na�ifie� b� any
<br /> g��r�rnmental nr regu�a�ary au�hority,that any remaval�r othe�-rernediati�n�f any Hazardous Substance affecting
<br /> �he Property is necessary, Borrawer shax� promp�ly take all necessary remed�aX actions in ac�ardance �i�h
<br /> Environ.men�a.I Law.
<br /> As used�n�h�s paragraph, "Hazardous Substa.nces" are those substances d�fined as ta�ic flr hazard4us subs�ances
<br /> by En�rir�nmental Law and the fo�lowing su�s�ances: ga.sal�ne, ker�sene, o�her flammable vr �QxiG petraleum
<br /> pr�ducts, to�ic pes�icides an� herbic�des, volatile solvents, rna�erials con�aining asbest�s or formaldehyde, and
<br /> rad�oactive materials. As used in this paragraph, "Eri�rironmental Lavv"mean�f�dera�laws and Iavvs af the s�ate af
<br /> Nehras�a that rela�e�o heal�h,safety or environmental pro�ec�ion.
<br /> Ac�eleratian; Remedies. Lender shaYl give no�ice �o B�rrawer pr�or to a�celerat��n f�l�vwing Borrfl�wer'�
<br /> breach of any�ovenan�or agreemen��n�his Security Instrurnen�or th���ntra�t under yvhich acceiera�ion
<br /> is permit�ed�but nnt pr�ar�a accelera��on under the section �itled Transfer of�he Property or a Beneficia�
<br /> In�erest�n Barro�ver,un�ess App�icable Law pro�ides otherw�se). The no���e sha�l spe�ify: �a� th� defau��;
<br /> �b] �he act�on required ta cure the defauit; t�} a da�e, no� less than the minimum number of days
<br /> es�ablished b�App�icable Law from the date th�not�c��is given�o Borr����r,by v�h�ch the defauxt mus�t be
<br /> cured; and {d} that fa��ure ta cure the d�faui� an or b�fore the da�e specified in �he n�tice rnay result i�n
<br /> acceiera��nn flf the sum� secured by thi� S�curity Instrurnent and sale of �he Property, T� �h� extent
<br /> perm�t�ed hy Iaw, th�no�aiee sha�.l fur�her�nf�rm B�rrawer of th�r�ght to re�nstate af�er a��elera�Yon and
<br /> �he r�gh��a bring a court a�t�on tn assert the non-exis�enc�of a defau�.t vr any other def�nse�f Borro�ver�a
<br /> accelera���n and sale.If the defau�t�s nvt cured an vr before �he date speci�ed in�he no�ce,Lender at its
<br /> apti.on may requ�r� xmmediate payment in fu�l of all sums secured by th�s Secura�ty Instrument w�thvut
<br /> further demand and may invake�he pawer of sa�e and any 4�her remedie� permi��ed b�Applicable Law.
<br /> Tu the ex�en� p�rmitted by Ia�v, Lend�r shall be enti��ed to collec� au expenses i.ncurred in pursuing the
<br /> remedie�pr�vided�n�h�s See��ion,�n��ud�ng,bu�not��mited to,reasonable a�torn�ys'f�es and�asts af titie
<br /> evidence.
<br /> If the power of sale Ys�n�oked,Trus�e�shall r��ard a noti�e of default in each caunty in which any part of
<br /> the Property�s xoca�ed and shall rnai��opi�s of su�h notY�e�n�he manner prescribed by App���able Law t�
<br /> Bvrrvyver and �� �he o�her p�rsons pres�ribed by Applicab�e Lav�. Af�er the �i�me requ�red by Applfcable
<br /> Law, Trus�ee sha�.� give public no�ice vf sale to the pers�n� and in �he manner prescribed by Appi�cable
<br /> Law.Trustee,vv�ifhou� demand on B�rro,wer,shall s�l��he Property at pub��c auc�xan to the highes�bidder
<br /> a�the t�me and place and under the terms designated in�he nati�e af saxe�n one vr more parcels and�n any
<br /> arder Trus�ee determxnes. Trus�ee may postpon� sale �f all or any parcel of the Praperfiy by pub�i�c
<br /> ann�uncenc�ent at the#�me and pxace af any previ�usxy s�hQduled sa�e.Lender ar its designee may pur�hase
<br /> �he Property at any sale.
<br /> Ugor� receip� of payment af the price bid, Trus�ee shall delxver to the purchaser Tru�tee's deed convey�ng
<br /> �he Prflperty. The r��itals in �he Trus�ee's deed shall be pr�ma fac�e ev�den�e of the tru�h of�he staternents
<br /> C�Z��4-2415 Campliance Systems,Inc.AfiSC-�C7I-2Q 15.3.S.1 D54
<br /> Consumer Reai Estate-Se�ttr�ty Tnstrtarnent DL2035 Page 4 a£5 www.compliancesysterns.corr3
<br />
|