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� � 99 109100
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<br />� � 17. Transfer of the Property or a Beneficial Interest in Borrower. lf all or any part of the Property or any interest in it
<br />; is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without
<br /> I.ender's prior wcitten consent, Lender may. at its option, require immediate payment in full of all sums secured by this
<br /> Security [nstrument. However, this option shall not be exercised by I.ender if exercise is prohibited by tederal law as of the date
<br /> of this Security Instrument.
<br />� [f Lender exercises this c�ption, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not
<br />� less than 30 days from the date the notice is delivered or inailed within which Borrower must pay all sums secured by this
<br /> Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies
<br /> permitted by this Security Instrument without further notice or demand on Borrower.
<br /> 18. Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrower shall have the right to have
<br /> enforcement of this Security ]nstrument discontinued at any time prior to the earlier of: (a) 5 days (or such other period as
<br /> applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this
<br /> Security Instrument; or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) pays
<br /> Lender all sums which then would be due under this Security Instrument and the Note as if no acceleration had occurred; (b)
<br /> cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrument,
<br />� including, but not limited to, reasonable attorneys' fees; and (d) takes such action as Lender may reasonably require to assure
<br />� that tl�e lien of this Security Instrument, Lender's rights in the Property and Borrower's obligation to pay the sums secured by
<br />! this Security Instrument shall continue unchanged. Upon reinstatement by Borrower, this Security Instrument and the
<br /> 1 obligations secured hereby shall remain fully effeetive as if no acceleration had occurred. However, this right to reinstate shall
<br /> not apply in the case of acceleration under paragraph 17.
<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 (known
<br /> as the "Loan Setvicer") that collects monthly payments due under the Note and this Security Instrument. There also may be one
<br /> or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan Servicer, 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 the address to which payments should be made. The notice will also contain any other
<br /> I 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 aifecting the
<br /> Yroperty 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 nortnal
<br /> i-esidential uses and to maintenance of the Property.
<br /> Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by any
<br /> govei-nmental or i•egulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law
<br /> of which Borrower has actual knowledge. If Borrower learns, or is notified by any governmental or regulatory authority, that
<br /> any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take
<br />� all ilecessary remedial actions in accordance with Environmental Law.
<br />� As used in this paragraph 20, "Hazardous Substances" are those substances detined as toxic or hazardous substances by
<br /> Environmental Law and the following substances: gasoline, kerosene, otlier flammable or toxic petroleum products, toxic
<br /> pesticides and herbicides, volatile solvents, materials 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
<br /> relate to health, safety or environmental protection.
<br />; NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br /> i ll. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach
<br /> of anv covenant or agreement in this Security Instrument (but not prior to acceleration under paragraph 17 unless
<br />� applicable law provides otherwise). The notice shall specify: (a) the default; (b) the action required to ci�re the default;
<br /> (c) a date, not less than 30 davs from the date the notice is given to Borrower, by which the default must be cured; and
<br /> (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums
<br /> secured bv this Security Instrument and sale of the Property,. The notice shall further inform Borrower of the right to
<br /> reinstate after acceleration and the right to bring a court action to assert the non-existence of a default or any other
<br /> defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice,
<br /> Lender, at its option, mav require immediate payment in full of all sums secured by this Securitv Instrument without
<br /> further demand and may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be
<br />; entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph 21, including, but not limited
<br /> to, reasonable attornevs' 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 /> Propertv is located and shall mail copies of such notice 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 notice
<br /> of sale to the persons and in the manner prescribed by applicable law. Trustee, wit�hout demand on Borrower, shall sell
<br /> the Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of
<br /> sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or anv parcel of the
<br /> Propertv by public announcement at the time and place of any previouslp scheduled sale. Lender or its designee may
<br /> purchase the Propertv at anv sale.
<br /> Form 3028 9/90
<br /> i �-6I�N�(9212).04 Page 5 of 6
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