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17. 'I'raa�fer of the Property or$ Beroe�cial Interest in Borrowcr. If all or any part of the Property or any interest in it
<br /> is sold or transferred (or if a 4eneficial interest in Borrower is sold or transferred and Bonower is not a natural person)without
<br /> Lender's prior written consent, I.ender may, at its option, require immediate payment in full of al] sums secur°d by tnis
<br /> Security Instrument. However, this option shall n��t be exercised by Lender if ezercis�is prohibited by federal law as of the date
<br /> of this Security Instrument. �
<br /> lf L,ender e�ercises this option, Lxnder shall givc Barrower notice os acceleration. The notice shail �rovide a period af not _ :
<br /> less than 30 days from the date the notice is delivered oc`mailed,within which Bonower mus[ pay all sums'secured by this
<br /> Security Instniment. If Borrower fails to pay these sums prior to the ezpiration of this period, Lender may invoke any remedics
<br /> permitted by this Securiry Instrument without further no!ice or demand on Bvnower.
<br /> 18. BQrrower's Right to Reinstate. If Borro��er meets certain conditions, Borrower s:�all have the right to have :
<br /> enforcement of this Security Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other period as
<br /> applicable law n�ay specify for reinstatement) before. sale of the Property pursuant t� any power of sale contained in this
<br /> Security instrument; or(b)intry of a judgment enforcing this Security Instrumer,t.•Those conditions are that Borrower: (a)pays
<br /> L.ender all sums which then would be due under this Secnrity Insttument and the Note as if no acceleration had a:curred; (b)
<br /> cures any default of any other covenants or agreements; (c) pays aIl expenses incurred in enforcing this Security It�strument,
<br /> including, but not limited to, reasanable attorneys' t'ees; and (d) takes such action as Lender may reasonabiy require ro assure
<br /> that the lien of this Security Instrument, l,ender's rights in the Property and Borrower's obligation ro �ay the sums secured by
<br /> this Security Instrument shall continue ur�changed. Upon reinstatement by Borrower, tltis Security Instn�ment and the
<br /> obligations secured hereby shall remain fully effec:ive as if no acceleration had oecurred. However, this right to reinsiate shall
<br /> not appiy in the case of acceleration under para�raph 17. :
<br /> 19. 5ale of A'ote; Change of Lofln Se�-vicer. The Note or a partial interest in the Note (together with this Security
<br /> [nstrument) may be sold onP or more times without prior notice to Borrower. A sale may result in a change in the entity (known
<br /> as the "Loan Servicer") that collecrs monthly payments due under the Note and this Security Instrument. 'There also may be one
<br /> or more ch�nge: of the Loan Servicer unrelat�d ro a sale of the Note. If there is a change of the Loaii Ser.icer, Borrower will be
<br /> given written notice of the change in accordance with paragraph 14 above and applicable law. The notice will state the name and
<br /> address of the new Loan Servicer and t��e address to which payments should be c�ade. The notice will also �ontain any other
<br /> infcrmation required by applicable law. :
<br /> 20. Hazardow Substances. Borrower shali not cause or permit the presence, use, disposal, srorage, or release of any
<br /> fiazardous Substances on or in che Prope�y. Borrower shail not da, nor allow anyone else te do, anything affecting the S1
<br /> Propeny that is in violation of any Envirc�nmental Law. The preceding two sentences shall not apply to the prescnce, use, or ��
<br /> storage on the Property of small quantities o'f Hazardous Substances that are generaIly recognized to be appropriate to normal t
<br /> residential uses and to maintenance of the Preperty.
<br /> Borrower shall prornptly give Lendc;r written notice of any investigation, claim, demand, lawsuit or other action by any �
<br /> governmental or re�;ulatory agency or privatz party involving the Property and any I3azardous Substance or Enviroiimental L��� �
<br /> of which BorroweT has actual knowledgE. If Borrower learns, or is noti�ied by any govPrnmentai ur regulatory authority, that �
<br /> any removal or other remediation of any f-Irizardous Substance affecting the Property is necessary, Borrower shall promptly take �
<br /> all necessary remediai actions :n acGOr@ance with Environmental Law.
<br /> As used i❑ this paragraph 20, "Hazardous Substances" are those substances defined as toxic o* hazardous stibstances by �
<br /> Environmentat Law and the following substances: gasoline, kerosene, other klammable or toxic petroleum products, toxic
<br /> pesticides and herbicides, volatile solvents, materials containing asbesros or form�ldehyde, and radioactive materials. As �sed in
<br /> this paragraph 20, "Environmenta( Law" means federal laws and laws of the ,jurisdiction where the Property is iocated that
<br /> relate to health, safety or environmental protection.
<br /> NON-UNIFORM COVENANTS. Bonower r,rd Lcnder further covenant and agree as follows:
<br /> ?1. Acce��ration; Remedies. Lender sl�,adl s�,?ve natice to Borrower prior to acceleratian following Borrower's breach
<br /> of any covenant or agreement :n t4�is Security Inrtrument (but not prior to acceleration under paragraph 17 unless
<br /> appli�able taw provides oQherwis�e). The not9ce shall specify: (a) the defautt; (b) the mctioti reyuired to cure the default;
<br /> (c) � date, not less than 30 days from En�e date the notice is given to Sorrower, by which the default must be cured; and
<br /> {d) th�t failure ta cure the defauit ofl or before the dAte specified in the notice may result in acceleration ef the sums
<br /> srcured b}� ihi� Security Instrument and sale of tiee Property. The notice shzl! further inform Borrower of the right to
<br /> reinstate after acceleration and the right to bring a court action to assert th� non-existence of a default or any other
<br /> defense of Borrower to acceleration and sale. IC the default is not cured on or before the date sp+eci�ed in the notice,
<br /> l,ender, at its option, may require immediate payment in ful! of all sums secured by this Security Instrument �vithout
<br /> further demand and may invoke the power af sale mnd any other remedies pQrmitted by applicable law. Lender shall be
<br /> entitled ta collect a13 exgenses incur,ed in putsuing the remed�es provided in this paragraph 21, inciuding, but Rot limited '
<br /> to, reasanable 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 wh:'�h any part of the '
<br /> F'roperty is located and shall mail copies c�f such notice in the mAnner prescribed by applicable law to Borrower nnd to
<br /> the other persons prescribed by applicable law. After the time required by applicable law, Trustee shalE give public notice
<br /> of sale to the persons an�i in the manner prescribed by applicable law. Trustee, without demm�d �r. BorrQwer, shnll sell
<br /> the Property at public auction to the highest biader at the time and place and under the!e:.-r�s �lQSignated in the noti�e of
<br /> sale in one ur more parcels and in any order Trustee determines. Trustee may postpone sAle of al! or any pAncl of ttie '
<br /> Property by public announcement at the time and �Iace of ad�y previously schedufed sale. Lender qr its des9gnee may
<br /> purchase the Property at any sale.
<br /> Form 3028 9/90 '
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