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200006898 24490051i <br />16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Se =ity Instrument. <br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest in it is <br />sold or transferred (or if a beneficial interest in Borrower is sold or traatferlai and Borrower is not a natural person) without <br />Lender's prior written canseot, header may, at its option, require imirriediate payment in full of all sums seaaai by this Secrity <br />Imtntmax- However, this option shall not be exercised by Lender if eroexcise is prohibited by fede_21 law as of the date of this <br />Security Imtzumnent- <br />If Lender exercises this optiaa. Lender shall give Borrower notice of aeon. The notice shall provide a period of not less <br />than 30 days from the dare the notice is delivered or marled within which Borrower mast pay all sums seamed by this Security <br />hL trumcut. If Borrower fails to pay these stems prior to the expbation of this period, Rader may involm any remedies permitted <br />by this Sec u-ity Instrument without further notice or demand on Borrower. <br />18. Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrower shall have Abe right to have <br />enf":ement of this Security Instrument disroulmned at any time prior to the earlier of: (a) S days (or such other period as <br />applicable la nary specify for reinstatement[) before sale of the Property pursuant to any power of sale amtained in this Security <br />hsstrumcr,:- or (b) entry of a judgment eaforciog this Security Insmi rest. Those conditions are that Borrower: (a) pays L ender all <br />stems which then would be doe under this Security Instrument and the Note as if no acceleration had occurred; (b) cares any <br />default of any other covets or agreemer::s; (c) pays all expenses i»amred in eking this Security Imo, inchading, but <br />not limit-�d to, reasonable attorneys' fees; and (d) takes such action as Lender may reasonably require to assure that the lien of this <br />.' Security Instrument, Leader's rights is the Property and Borrowers obiigation n pay the sums secured by this Security <br />Instrument shall coat; unchanged. Upon reinstatement by Borrower, this Security Instrumes: and tdte obligations secured <br />:hereby shall remain billy effective as if no acceleration had occurred. However, his right to reinstate shall not apply in the case of <br />acceleration tuxler paragraph 17. <br />19. Safe of Note; Change of Loan Serrkrr. The Note or a partial interest in the Note (together with this Security <br />Instrument) may be sold one or more tithes without prior notice to Borrower. A sale may result in a change is the entity (known <br />as the 'Loan Servicer7 that collects monthly paymienrs due trader the Note and this Security Instrument- There also may be one or <br />more changes of the Loan Servicer unrelated to a sale of the Nate If there is a change of the Linn Servicer, Borrower will be <br />given written notice of the change in accordance with paragetph I4 above and applicable law. The notice wt71 state the name and <br />address of the new Loan SeSvicer and the address to which payments should be made The notice will also contain any other <br />information required by applicable law. <br />." 0. Hazardous Substances. Borrower shall not centre a permit the presence, rase. disposal• store e , or release o "aw <br />Hazardous Substance on or in the Property. Borrower shall not do, nor allow anyone else to do. anything a the Property <br />b that is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence, use, or storage on the <br />f : Property of small quanut-es of Hazard= Substances that are generally suxogmaed to be appropriate to normal "ivsidential cues <br />and to maintena of the Property. <br />' Borrower shall pmmptiy giro: Larder writoea notice of any iavest4atim claim. demand, kv -suit or other action by any <br />„ governmental or regulawry agency or Pete Pty involving the Property and any hazardous Substance or Environmental Law <br />of which Borrower has act-1 knowledge. If Borrower lei, of is notified by any governmental or regulatory authority, that any <br />i removal or other remediation of any Haardow Substance affecting the Property is necessary, Borrower shall promptly take all <br />necc -ary re medal actions in accordance with Environmental Law. <br />As used in this paragraph 20, 'Hazardous Substances' are those substances defined as toxic or hazardous substances by <br />Environmental Law and the following sxhbstance: gswiiae, kerosine, other flammable or toxic petroleum products, tonic <br />pesticides and herbicides, volatile solvents, maaaals containing asbestos or formaldehyde, and radioactive materials. As used in <br />this paragraph 20, 'Environmental Law' means federal laws and laws of the jurisdiction where the Property is located that relate <br />to health, safety or environmental protection. <br />?: NON- UNIFORM COVENANTS. Borrower and Lender further covenant and agree as fellows: <br />y 21. Acceleration; Remedies. Lender shall give notice to Bonvwer prior to aeaderatbu folknving Borrower's breach of <br />any covenant or agreement in this Security Instrument (but not prior to acceleration tench- paragraph 17 finless <br />c ` applicable Law provides otherwise). The notice shall spedfy: (a) the default; (b) the adieu required to care the tiefault; (c) <br />a date, not less than 30 trays from the date the notice is given to Borrower, by which the default enter be cured; <br />an fd) <br />that failure to cure the default on or before the date specified In the notict may resuR In acceleration of the sums secured <br />by this Security InsLr t and sale of the Property. The notice shall ftarther inform Borroes—a of the right to reinstate <br />after acceleration and the night to bring a coat action to assert the non- exbtence of a default or any ether defense of <br />= Borrower to acceleration and sale. If the default is not aaced on or before the date specified In the notice. Lender, at its <br />option, may require Immediate payment in fall of all stems sea>nd by this Security Instrument without farther demand <br />z and may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to tolled <br />all expenses incurred In pursuing the renedies provided In this paragraph 21, Including, but root limited to reasonable <br />attorneys' fees and casts of title evidence. <br />If the power of sale is Invoked, Trustee shall record a no&-: of default Is each county In which any part of the <br />Property 's located and shall mall copies of such notice in the mamoer prescribed by applicable law to Borrower and to the <br />other persons prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of <br />sale to the persons and is the manner prescribed by applicable law. Trustee, wit>atrt demand on Borrower, shall sell the <br />Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale <br />in one or more parcels and in any order Trustee detwralnes. Trustee may postpone sale of all or my pawl of the <br />Property by public announcement at the time and place of any previously scheduled sale. Lender or its designee may <br />purchase the Property at any sale. f <br />For. 30P WW <br />^ ._,6WNE) p4m.oi v+w s a a Maw <br />W <br />