|
' ,L:.`� t�_�1.. {f,y.-:. ` 4. x.,.. ,�,.. J , . . . .. . .. .. . . .. . .. .'j
<br /> �... . ..� iv
<br /> }ti.. . . . .. _ . . . . . . . .... � . .
<br /> '4...j�. . . . .
<br /> t
<br /> 17. Transfer of ihe Property or a Benefi��aC Inte�est in Borrower. If all or any part of the Property or any interest in it
<br /> is sald or transferced(r�r if a beneficial interest in Iiorrower is sold or tr^..nsterred and Borcower is not a natural p�,rson)without
<br /> � Lender's prior writt:r: consent, Gender ma••, at its cption, requirL immediate payment in full of all sums secured by this
<br /> Security Instrument. Ho�rev�r, this option shalt not be ezercised by Lender if exercise is prohibited by federal [aw as of the date
<br /> oFthis Security ;ns�rum�•nr
<br /> � If i.ender rxercise�this option, Lender shatl give Borrower notice of acceleration. Tihe notice shsll rovide a
<br /> less than 30 da}•s frorn the date the raotice is deliveeed os a�Ied within wfiich gonc,wer must pay a31 sums s ur byf tn�s
<br /> Security Instniment. 1f[3orrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies
<br /> Fermitted b}�this Security Instrument witho�t further notiee or demand on Borrower. �
<br /> 1�. $orrower's Right to Reinstate. If Borrower meets cer[ain conditions, Borrower stiall have the right to have "�
<br /> cnforcement of this Se:,urity Instrument discontinued at any time prior to the earlier of: (a) 5 da��s (or such other period as 1
<br /> applicable law ma�- spe�ify for rei�statement) before sale of the Property putsoa.�t t� any power of sale contained in this �a►
<br /> Security Instrumenr, or(b)ertry of a judgment enforcing this Securiiy Instrument: Those ccr:d.itions are that Borrower: (a)pays '`.�,
<br /> L,ender al; s�ms which chen would be due under this Serurity Instrument and the IClote as if no accel,.P�tion had excurr�d; (b) �
<br /> cures any default of any uther cover.ants or agrc�ements; (c) pays a11 expenses incurred in enforcing this Securiry lnstrument, �Jf
<br /> incfuding, but not limited to, reasonab(e attomeys' fees; ansl (d) takes snch action as Lender may reasonably require to assure:
<br /> that th� lien of this Security dnstrument, L,ender's rights in the Property and B�rrower's obtigation to pay the sums secured by �
<br /> this Security instrument shali continue unchanged. Upon reinsta�ement by Borrower, this Securih; Instn�ment and the �
<br /> obligations secured herehy shall remain fully effective as if no acceleration had occurred. However, ihis right to re'•nstate sha(I
<br /> not apply in the case of acceleration under paragraph 17.
<br /> i9. Sale of Note; Change of I,oan Serv,cer, 'the Note or a partia( interest in the Note (together wich this Securiry '
<br /> Instriiment)may be sold one or more times without prior notice to Borrower. A sale ruy result in a change in the\�entity(known
<br /> as the "L.oan Servicer")that colie�ts monthly payments due under the Note and this Srcurity instrument. 7'here alsa may be one
<br /> or more changes of the Loan Servirer unreiaied to a sale of the Note. ?f there is a change of the Loan Servicer, Bc�rrower will be
<br /> given written notice of the change in accordance with paragraph 14 above and applicabie law. The notice w�ll state the name anu
<br /> address of the new Loan Servicer and the address to which payments shuuld be made. The nor�cr .v��� also contain any other
<br /> information requirecl by applicable law.
<br /> 20. HazaPdaus Substances. Bor,ower shall not cause or permit the presence, u;e, dispasal, srorage, or release of any
<br /> yazardouc Substances on or in :he Property. Borrawer shall not do, no; allow anyone else to do, anything affecting �he
<br /> Property thac is in viotatian of any Environmental La�v. The precedin� two sentences shall not apply to the presence, use, or
<br /> srorzge on the Property of small quantities of F:azardous Substances that are generally reco�nized te be appropriate to normal
<br /> residential uses and to maintenance of the Freperty.
<br /> Borroever shall prompd�� give Lender written notice of any investigation, daim, demanc3, lawsuit or other action hy any
<br /> governmenta( or regulatory agency or private party involv�ng the Property and any Hazardous Substance or Bnvironmental La�v
<br /> of which Borrower has actual knowfecige. If Borrower iearns, or is notified by any governmental or regulatory authoriry, that
<br /> any removal or o��er remediation of any Hazardous Substance aFfecting Ihe Property is necessary, Borrower shall pmmptly take
<br /> all necessary remedial actions in accordance with Environmental Law.
<br /> As used in this �ara�raph 20, "Hazardous Subs¢ances" are those substan�e� dcfinecl as t�xic or hazardous substanccs by
<br /> G�rvironmer,tal Law and the C�Ilowing substances: gasoline, keroser�e, other tlammable or toxic petroleum protfucts, tr.�xic
<br /> pesticides and herb;cides, volatile solvents, materials containing asbcstos or forma!dehyde, and ;adioa.ctive materi�ls. As us2d in
<br /> this paragraph 20. "Environmentaf Law° means federal laws and laws oi the juri:,ctiction wfiere the Propetty is loca[ed that
<br /> relate to health, safery or environmental protection.
<br /> NON-UNIFORM COV�:NANTS. Borrower an� Lender further cov�nant and agree as !'ollows:
<br /> 21. Acceleration; Remedies. Lender shall give notice to Borrokver prior to�cceleration following Borrower's breach
<br /> of �nv co��enant or agreernent in this Securit,y Instrument (but not priur to acccleration under paragr�ph 17 untess
<br /> applicable law provides othenvise). 'The notice shall specify: (a) the default; (b) the action requi:crl to cure the default;
<br /> (c) a date, not less than 30 days from the date the notice is given lo IIorrov,er., by which the default must be cured; anrl
<br /> (d) that fail�re to cure the default on or �efo�•e the date specified in the notice may resulz in acceleration of the sums
<br /> secUred by this Security Instrument and sale of the Property. The noticc shaU further inform Borrower of the right to
<br /> reinstate :�fter acceleration and the rignt to bring a conrt action to acserr the nar..-existence c�f a defuult or any other
<br /> defense ot Borro���er to acceleration and siiie. If the dePaulf is not curcd on or before the date specified in the nntice,
<br /> Lender, at its option, may require immediale paymers! in full of�❑ sums secured by this Security Instrument without
<br /> further demand �nd may invoke the po�ver�f sale and an��other remedies permitted by applicable law. Lender shall be
<br /> eeifitled ro collect alt expenses incurred in pursoing the remedies provided in this paragraph 21, ir�cluding, but not limited
<br /> to, reasonable attorney�s' fee;and costs of:itle 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 /> P:opert�- is located and shall mail copies of such notice in the manner prescribed by applicable la�ti• to Borrower and to
<br /> the other persons prescribed bu applicable law. After the time reyuired b,y applirable!aw,Trnstee shail give public notice
<br /> of sale to the persons anr� in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell
<br /> the Properi�� at public auction to tiie highest bidder at the time and place anrl t�nder fhe terms designated in the notice of
<br /> sale in one or rnurc parcels and in any order Trustce determines. Trustee may postpone sale ot'all or any parcel of She
<br /> Propert�• b�� public anhouncement at the time and place of any previously scheduled �le. Lender or its desi�nee ms�v
<br /> purci�ase the Pr{�perty at anv sale.
<br /> Pege 5 ot ti Form 3028 9/$�
<br /> �
<br /> �
<br /> d
<br /> �'
<br /> ' �_
<br />
|