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200008683
<br />19. Sale of Note; Change of Loan Servicer. The Note or a partial interest in the Note (together with this Security
<br />Instrument) may be sold one or more times without prior notice to Borrower. A sale may result in a change in the entity
<br />(known as the "Loan Servicer ") that collects monthly payments due under the Note and this Security Instrument. There also
<br />may be one or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan Servicer,
<br />Borrower will be given written notice of the change in accordance with paragraph 14 above and applicable law. The notice
<br />will state the name and address of the new Loan Servicer and the address to which payments should be made. The notice will
<br />also contain any other information required by applicable law.
<br />20. Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any
<br />Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting 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 Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal
<br />residential uses and to maintenance of the Property.
<br />Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or any other action by
<br />any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental
<br />Law of which Borrower has actual knowledge. If Borrower learns, or is notified by any governmental or regulatory authority,
<br />that any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower shall
<br />promptly take all necessary remedial 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 substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic
<br />pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As used
<br />in this paragraph 20, "Environmental Law" 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. Borrower and Lender further covenant and agree as follows:
<br />21. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's
<br />breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraph 17
<br />unless applicable law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the
<br />default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be
<br />cured; and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of
<br />the sums secured by this Security Instrument, foreclosure by judicial proceeding and sale of the Property. The notice
<br />shall further inform Borrower of the right to reinstate after acceleration and the right to assert in the foreclosure
<br />proceeding the non - existence of a default or any other defense of Borrower to acceleration and foreclosure. If the
<br />default is not cured on or before the date specified in the notice, Lender, at its option, may require immediate payment
<br />in full of all sums secured by this Security Instrument without further demand and may foreclose this Security
<br />Instrument by judicial proceeding. Lender shall be entitled to collect all expenses incurred in pursuing the remedies
<br />provided in this paragraph 21, including, but not limited to, reasonable attorneys' fees and costs of title evidence.
<br />If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the
<br />Property is located and shall mail copies of such notices in the manner prescribed by applicable law to Borrower and to
<br />the other persons prescribed by applicable law. After the time required by applicable law, Trustee shall give public
<br />notice of sale to the persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower,
<br />shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated in
<br />the notice of sale in one or more parcels and in any order
<br />Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and
<br />place of any previously schedules sale. Lender or its designee may purchase the Property at any sale.
<br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property.
<br />The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply
<br />the proceeds of the sale in the following order: (a) to all costs and expenses of exercising the power of sale, and the sale,
<br />including the payment of the Trustee's fees actually incurred, not to exceed .5 %
<br />of the principal amount of the note at the time of the declaration of default, and reasonable attorney's fees as permitted by law;
<br />(b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it.
<br />22. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to
<br />reconvey the property and shall surrender this Security Instrument and all notes evidencing debt secured by this security
<br />Instrumnent to Trustee, Trustee shall reconvey the Property without warranty and without charge to the person or persons
<br />legally entitled to it. Such person or persons shall pay any recordation costs.
<br />23. Substitute Trustee. Lender, at its option, may from title to time remove Trustee and appoint a successor trustee to
<br />any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded.
<br />Without conveyance of the Property, the successor trustee shall succeed to all the title, power and dutied conferred upon
<br />Trustee herein and by applicable law.
<br />24. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to borrower's address
<br />which is the Property Address.
<br />DocuINES Page 5 of 6 Form 3028 9/90
<br />D0001NE5.VTX 05/02/2000
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