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18. Borrower's Right to Reinstate. it eorrowe� meets certetn condkions, eorrower snau nave cne rt�nt to nave
<br /> entorcement of this Security Instrument discontinued at any time prior to the earli� of: (a) 5 days (or such other period as applfcable
<br /> law may speci(y for reinstatement) before sale of the Property pursuant to any power of sale contained in this Security Instrument; or
<br /> (b) entry of a judgment enforchg this Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums whbh then
<br /> would be due under this Security Instrument and the Note as if no acceleration had occurred; (b) cures any defauR of any other
<br /> covenant or agreements; (c) pays all e�enses incurred in enforcing this Security Instrument, including, but not IimRed to, reasonable �
<br /> attomeys' fees; and (d) takes such actbn as Lender may reasonaby require to assure that the lien of this Security Instrument, Lenders �
<br /> rights in the Property and Borrower's obligation to pay the sums secured by this Security Instrument shall contnue unchanged. Upon
<br /> reinstatement by Borrower, this Security Instrument and the oblipatbns secured hereby shall remain fully effective as if no acceleretion �
<br /> had occurred. However, this right to reinstate shaN not appy in the case of acceleration under paragraph 17.
<br /> 19. Sale of Note; Change of Loan Servicer. The Note or a partisl interest in the Note (together with this Securiry �
<br /> Instrument) may be sold one or more times without prior notice to Borrower. A sale may resuR in a change in the entity (known as the �
<br /> "Loan Servicer") that collects monthy payments due under the Note and this Security Instrument. There also may be one or more �
<br /> changes of the Loan Servber unrelated to e sale of the Note. If there is a change of the Loen Servber, Borrower will be ghren wrkten �
<br /> notice of the change h accordance with paraqraph 14 above and epplicable law. The notice wlll state the name and address of the
<br /> new Loan Servicer and the address to whbh payments should be mede. The notbe will aiso contain any other infortnation requked by
<br /> aPPlicable law.
<br /> 20. Hazardous Substancea Borrower shaA not cause or permit the presence, use, disposal, storage, or relesse of any
<br /> Hazardous Substances on or in the Property. Borrower shaA not do, nor allow anyone else to do, anything af(ecting the Property that
<br /> is h vblatbn of any Environmental Law. The preceding two sentences shaA not apply to the presence, use, or storage on the
<br /> Property of smaN quantities of Hazardous Substances that are fleneraly recoqnixed to be appropriate to normal residential uses and to
<br /> maintenance of the Property.
<br /> Borrower shall prompty give Lender written notice of any investigation, claim, demand, IawsuR or other action by any govemmental
<br /> or regulatory agency or private party invoNing the Property and any Hazardous Substance or Environrtiental Law of which BoROwer has
<br /> actual knowledge. If Borrower leams, or is notified by any govemmental or regulatory authority, that any r�noval or other remediation
<br /> of any Hazerdous Substance affecting the Property is necessary, Borrower shail prompty take all necessary remedial actions in
<br /> accordance with Environmental Law.
<br /> As used in this paragraph 20, "Hazardous Substances" are those substances defined as toxic or hazardous substances by
<br /> Environmental Law and the folbwing substances: gasoline, kerosene, other Hammable or toxic petroleum products, toxic pesticides and
<br /> h�bicides, volatile soNents, materials containing asbestos or formaldehyde, and rad'aactive materiais. As used in this paragraph 20,
<br /> "Env'ronmental Law" means federal laws and laws of the jurisdiction where the Property is located that relate to heakh, sefety or
<br /> environmental protectbn.
<br /> NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as folbws:
<br /> 21. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following
<br /> Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to
<br /> acceleration under paragraph 17 unless applicable law provides otherwise). The notice shall speciiy:
<br /> (a) the defauit; (b) the action required to cure the default; (c) a date, not less than 30 days from the
<br /> date the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure
<br /> the default on or before the date speci�ied in the notice may result in acceleration of the sums
<br /> secured by this Securily Instrument and sale of the Property. The notice shall iurther inbrm
<br /> Borrower of the right to reinstate after acceleration and the right to bring a coun action to assert the
<br /> non-existence of a default or any other defense of Borrower to acceleration and sale. If the default is
<br /> not cured on or before the date specitied in the notice, Lender at its option may require immediate
<br /> payment in iull of all sums secured by this Security Instrument without further demand and may
<br /> lnvoke the power of sale and any other remedies permitted by applicabie law. Lender shall be
<br /> entitled to collect sll e�enses incurred in pursuing the remedies provided In this paragraph 21,
<br /> including, but not limited to, reasonable 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 which
<br /> any part of the Property is located and shall maii copies of such notice in the manner prescribed by
<br /> applicable law to Borrower and to the other persons prescribed by applicable law. Aiter the time
<br /> required by applicable law, Trustee shall give public notice of sale to the persons and in the manner
<br /> prescribed by applicable law. Trustee, without demand on Borrower, shall seli the Property at public
<br /> 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
<br /> or any parcel of the Property by public announcement at the time and place of any previousiy
<br /> 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
<br /> conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth
<br /> of the statements made thereln. Trustee shall appiy the proceeds of the sale in the following order:
<br /> (a) to all costs and e�enses of exercising the power of sale, and the sale, including the payment of
<br /> the Trustee's fees actuaily incurred, not to exceed 3 % of the principal amount of the note
<br /> at the time of the declaration of default, and reasonable attorney's fees as permitted by law; (b) to all
<br /> sums secured by this Security Instrument; and (c) any excess to the person or persons legally
<br /> entiUed to it.
<br /> 22. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to reconvey
<br /> the Property and shall surrender this Securiry Instrument and all notes evidencing debt secured by this Security Ustrument to Trustee.
<br /> Trustee shall reconvey the Property wkhout warranty and wkhout charge to the person or persons legaly entitled to it. Such person or
<br /> persons shall pay any recordation costs.
<br /> 23. Substitute Trustee. Lender, at its option, may from time to tkne remove Trustee and appoint a successor trustee to
<br /> any Trustee appointed h�eunder by an instrument recorded 'n the county in which this Security Instrument is recorded. Without
<br /> conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and
<br /> by applicable law.
<br /> 24. Request for Notices. Borrower requests that copies of the notices of defauR and sale be sent to Borcower's address
<br /> which is the Property Address.
<br /> 25. Riders t0 this Security InBVumen� If one or more riders are executed by Borrower and recorded together wkh
<br /> this Security Instrument, the cov�ants and agreements of each such rider shall be incorporeted into and shall amend and supplement
<br /> the covenants and agreements of this Security Instrument as ff the rider(s) were a part of this Security Instrument.
<br /> Form 3028 B/90
<br /> F1029.LMa(10/B9) Pape 4 of 5
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