� ' 99 111622 LOANN0. 15ss2iasss
<br /> If Lender exercises this option, Lender shall give Borrower notice of acceleration.The notice shali provide a period
<br /> of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured
<br /> by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke
<br /> any remedies 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 Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other period
<br /> as applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in
<br /> this Security Instrument; or(b) entry of a judgment enforcing this Security Instrument.Those conditions are that
<br /> Borrower: (a) pays Lender all sums which then would be due under this Security Instrument and the Note as if no
<br /> acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred
<br /> in enforcing this Security Instrument, including, but not limited to, reasonabie attorneys'fees; and (d)takes such action
<br /> as Lender may reasonably require to assure that the lien of this Security Instrument, Lender's rights in the Property and
<br /> Borrower's obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon
<br /> reinstatement by Borrower,this Security Instrument and the obligations secured hereby shall remain fully effective as if
<br /> no acceleration had occurred. However,this right to reinstate shall not apply in the case of acceleration under
<br /> 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
<br /> (known as the"Loan Servicer")that collects monthly payments due under the Note and this Security Instrument.There
<br /> also 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
<br /> Servicer, Borrower will be given written notice of the change in accordance with paragraph 14 above and applicable law.
<br /> The notice will state the name and address of the new Loan Servicer and the address to which payments should be
<br /> made. The notice will 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
<br /> any Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting
<br /> the Property that is in violation of any Environmental Law.The preceding two sentences shall not appiy to the presence,
<br /> use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be
<br /> appropriate to normal residential 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
<br /> any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or
<br /> Environmental Law of which Borrower has actual knowledge. If Borrower learns, or is notffied by any governmental or
<br /> regulatory authority,that any removal or other remediation of any Hazardous Substance affecting the Property is
<br /> necessary, Borrower shall 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
<br /> substances by Environmentai Law and the following substances: gasoline, kerosene, other flammable or toxic
<br /> petroleum products,toxic pesticides and herbicides,volatile solvents, materials containing asbestos or formaldehyde,
<br /> and radioactive materials.As used in this paragraph 20, "Environmental Law"means federal laws and laws of the
<br /> )urisdiction where the Property is located that 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
<br /> 17 unless applicable law provides otherwise).The notice shall specify: (a)the default; (b)the action required to
<br /> cure the default; (c)a date, not less than 30 days from the date the notice is given to Borrower, by which the
<br /> default must be cured;and (d)that failure to cure the default on or before the date specified in the notice may
<br /> result in acceleration of the sums secured by this Security Instrument and sale of the Property.The notice shall
<br /> further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert
<br /> the non-existence of a default or any other defense of Borrower to acceleration and sale. If the default is not
<br /> cured on or before the date specified in the notice, Lender at its option may require immediate payment in full of
<br /> all sums secured by this Security Instrument without further demand and may invoke the power of sale and any
<br /> other remedies permitted by applicable law. Lender shall be entitled to collect all expenses incurred in pursuing
<br /> the remedies provided in this paragraph 21, including, but not limited to, reasonable attorneys'fees and costs of
<br /> titie evidencee
<br /> If the power of sale is invoked,Trustee shall record a notice of default in each county in which any part of
<br /> the Property is located and shall mail copies of such notice in the manner prescribed by applicable law to
<br /> Borrower and to the other persons prescribed by applicabie law. After the time required by applicable law,
<br /> Trustee shall give public notice of sale to the persons and in the manner prescribed by applicable law. Trustee,
<br /> without demand on Borrower, shall sell the Property at pubtic auction to the highest bidder at the time and place
<br /> and under the terms designated in the notice of sale in one or more parcels and in any order Trustee determines.
<br /> Trustee may postpone sale of all or any parcel of the Property by public announcement at the time ar.d piace of
<br /> any previously scheduled 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
<br /> the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made
<br /> therein. Trustee shall apply the proceeds of the sale in the following order: (a)to ail costs and expenses of
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