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! <br /> k <br /> i <br /> 17. Transfer oi'the Properi}� or a Beneficial Intcrest in Bor�vwer. If a11 or any part of tS��Property or any intnrest in it <br /> is sold or transferc�d(or if a beneficia! interest in�orruwer is soid or transferrtd and Borrower is not a natural person)without <br /> Ltnder's pri�r written consent, Lender may, at its option, r�quire immediate payment in full of all surna securW by this <br /> Securiry Instrument. However, t�iis option shall not be exercised by L.ender if ozercise is prohibited by federal law as of the da:e <br /> oE this Sccucity [nstrument. <br /> If L,ender ex�rcises this option, L,encier sha�l give Borrower notice of acceleradon. The notice shall provide a period of not <br /> less than 30 days from thc �ato the notice is dclivere� or mailed �ithin which BgrTOwer must pay all ,ums secured by this <br /> Security lnstrument. if Borrowcr fails to aay thesc sutns prior io the ezpiration of this period, I,ender may invoke any remcdies � <br /> permitted by this Security Instruxnent without further noticx or demand on Borro�Her. ,� ' <br /> i 1S. Barrower's Right to Retnstate. If Borrower meets certa'sn conditions, Borrowcr shal( have the right to have � ' <br /> enforccme�r ot this Securiry Instrument discontin:�ed•at any.time prior to the earlier of: (a) 5 days (or such other period as �,.), ' <br /> applicable law may specify!f�r rein'state�aent) tiefcrc'sale•o� the Property pursuant to any power of sale contained in thi� Q <br /> Security Iiutrument; or(b)ci�try of a judgment oh'forcing this'Security Instrument. Those conditions azethat Borcower. (a)pays <br /> Lender all sums which then would b�due under.this'Security Instrument ansi tbe Note as if no acceleratian had occurred; (b) � ' <br /> cures aray default of any other covenants or agreements; (c) pays a11 ezpenses ineurreef in enfoccing this Security Instrument, ul <br /> including, b�t noc limited to, reasonabla atturneys' fers; and (d) takes such action as ;xnder may reasonably requirc to assure v� ' <br /> thas the lirn of this Security Instrument, Lender's rights in tht t�raperty and Botrower's obligation to pay the sum.e secured by � <br /> this Secuixty Instrument shall �ontinue �nchanged. Upen reinstatement by Borrower, this Security Instrument and the <br /> obligations ::ecured hereby shail remain fully effective as if no acceleration had occurre�. Hewever, this right to reinstate s��all <br /> not appiy in the case of acceleration under paragraph I7. <br /> 19. Sale �f Note; Change of Loan Servicer. 1'he Note or a partial interest in the N�te (together with this Sectirity <br /> Instrument)may he sc,ld one or more time5 without prio�noticr_to Eorrower. A sale may result in a change in the en!ity(known <br /> as the 'Loan Servicer")that collects monthly payments due undei the Note and[his Security instrument. 'I'here also may be one <br /> ar more changes of�he Lc�an Servicer enrelated to a sale of the Note. If there is a change of the L,oan S�•-vicer, Borrower will be <br /> given written notice .�f the change in accordance with paragraph 14 above and applicabfe law. The notice will state the name and <br /> address of the new Loan Servicer and the address to which payrnents should be made. Ths natice will also contain any other <br /> infor*nation required by a�plicable law. <br /> 20. Hazardous Subs.ances. Borrower sball not cause or pernut the presence, use, disposal, szorage, or� elease of nny� `- —� <br /> Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone e�se to do, anything�ffeciing the <br /> °raperty that is in violatior. o�any� Em�ironmental Law. TI:e preceding two sentences shall not apply to the presetice, use, ar <br /> storage on the Preperty of small quantities of Kazardous Substances that are generally recognized to be appropriate to normal <br /> residentia! uses and to maintenance of the Property. <br /> Borrower shall prompfly give Lender writtemnotice of,any investigat:on, claim, demand, lawsuit or other actio.i by any <br /> governmental or regulatory agcncy or private party involving the I'roperty and any Hazardous Substance or Environmental Law ' <br /> of which Borrower t�as actual knowledge. If Borrower learns, or is notified by any governmental or regulatory authority, that <br /> aziy removal or ott.er remediation of any!-iazazdous Substance affecting the Propeny is necessary, Borrower shal] prompQy take , <br /> aIl aecessary remedial actions in accordance with Environmental Law. ' <br /> As csed in this paragraph 20, "Hazardous Substances" aze d,ose substznces defined as toxic or hazardous substances by <br /> Environmental Law and the following substances: gasoline, kerosene, other fl;unmable or toxic petroleu�n products, tozic <br /> pesticides and herbicides, volatile solvents, tnaterials cuntaining asbestos or€ormaidehyde, and radioactive materiais. As used in <br /> this paragraph 20, "Environmental Law" mcans federal laws and laws of the jurisdiction where the Property is located that <br /> relate to health,safety or environmental protection. <br /> NON-UNIFORM COVENA.NTS. Borrower and Lender further covenant and agree as follows: <br /> 21. Acceleration; Remedte.c. Lender shalt give notice to Borrower priwr to acceleration following $orrower's brrach <br /> of any covenant or agreemeni in this Security Instrument (but not prdor to acceleration under parngrAph 17 unless ;•� <br /> applicable law provides otherwise). The notice shall specify: (a) the defnult; (b) the actton required to cure the default; '' <br /> (c) a �ate, not less than 30 days 'rom the dste the no4ice is glven to Borrower, by which the default must be cured; and <br /> (d) that tailure to cure the defautt on �r before the date specified in khp notice may result in acceleration of the sums <br /> secured by this Security Ir.strument and sale of the Property. The notice shall further inform Borrower of the right to � <br /> reinsta2e after accele:ation and fhe rlght to bring a court astion ta assert the non-existence of u default or any other <br /> defense of Bnnower to acceleration and sale. If the default is nod cured on oc before the �ate s}�ecified in the notice, <br /> �n��;, at its option. may requlr� i.mmediate payment in fuli of all sums serurec2 by this Security Instrument wlthout <br /> further demand and may invoke the power of sale and any other remedies pec�rtitted by appl;cable law. Lender shadl be <br /> entitled to collect all expenses incurred tn pursving the retnedies provided in thls paragraph 21, fncluding, but�ot limited <br /> to, reasonable attorneys' fees and costy of ttxle evidence. <br /> lf 4he power oF sale is invokeci, Trustee shall recoM a notice of default in each courety in which any part of the <br /> Property is located and snall mail cupies of such notice in the manner prescrebed by applicable law to Borrower and to <br /> the c,ther petsons preszrybed by applicable law. Afte�the timn required by spplicable law, Trustee shall give public notice <br /> of sale to the persons and :n the manner prescribed by appUrable law�. Trustee, wlthout demand on Borrower, shal! sell <br /> the Property at public auctiors to thc highest btdder at the time and place and under the terms designated In the notice of <br /> sale in one or more pareels and in uny order Tnastee determines. Truskee may po�p�n���e of all or Any parcel of the <br /> Property by public announcement at the time und place of any previously scheduled sa�e, I,ender or its designee tr�ay <br /> parchase the Property at any sale. <br /> r <br /> �•6RINE)i9zi2�.pa Form 3028 9/90 ' <br /> m Faps 6 of 8 <br />