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<br />17. Transfer of the Property or a Beneficial Interest In Borrower. " al or any part of the Property or
<br />any .,terest In It ~ sold or transferred (or If a beneftclallnteteSt In BOITOWtl' " ,old or transferred and 8on'OWer Is not a natural
<br />person) without Lender's priof wrltten consent. L!llOer may.at b option. recPre IrnrnfdIate PlfYI1"I""t In ful of .. sums secured by
<br />this Security Inslnlment. HOWlWer, this opllon shd not be _dMd by lendw U ex'" 10 prcihl:llted by fedeNllaw as of the
<br />date of this Security Instrument.
<br />If Lender fIl(erdses this option, Lender ,11&1 give 8om:lwer rtGtice of accMat\on. The notice ,hd PfO'4Ide.' CMdod of Mt
<br />less than 30 days from the date the notice '- deIY.-.d or mded wlthln which Bom:lw.- IftISt pay .. SUI'" HCUI1Id by thIa
<br />Security Instrument. If B(xm.,.,er faIs to pay thesfI sums prior to the fJlCpIrdon of thIa perlocl. lAnder nwy make trr'I remedes
<br />permitted by this Seeurtty Instrument without further !lob or demand on Booowc.
<br />18. Borrower's Right to Reinstate. " BOITower meets certUt condtlons. Bonower shat have the right to h~e
<br />enforcement of this Security Instrument d1scontk1ued at any lime prior to the .... of: (II) 5 days (or such othC!l' period as
<br />applicable law may spedfy for rWtstatement) before sale of the Property pursuant to any power of sale conllmed In this Securtty
<br />Instrument: or (b) entry of a Judgment enforcing this Securtty Instrument. Those concltlcns .... that Borrower: (a) pays Lender ..
<br />sums which then would be due under this Security InstJUment and the Note as If no acceleration had occurred: (b) cures any
<br />default of any other covenant or agreements: (c) pays III expen:sn Incurred In enforcing this Securfty Instrument. including, but
<br />not Rmlted to. rl!l!sonable attorneys' fees: and (d) takes such actlon as lender may reuOMbly Il!qUIre to assure that the Ien of
<br />this Security Instrument. lender's rights In thfi Property and Borrower's oblgatlon to pay the sums secured by this Secttrlty
<br />Instrument shal conllnue unchangec;. Upon . reinstatement by Borrower. this Security Instrument and the obIgatlons secured
<br />hereby shall remain fully effective as if no acceleratlon had occurred. However, this right to reinstate shal not app/y In the ease
<br />of accelenltlon under paragraph 17.
<br />19. Sale of Note; Change of Loan 5ervlc..", The Note or a a per':iR1 Inten;~t In the Note (together with this
<br />Security Instru/Th:!nt) may be sold one or more times without prior notice to Bonowef. A Sllle may result In a change In the enllty
<br />(known as the .loan SeMcerO) that coRect! monthly payments dug under t."'e Note and this Securtty In!ltrurr.ent. There also may
<br />be one or more changes of the Loan Servicei' unrelated to a sale of the Note. ". there Is a change of the loan Servlcer.
<br />B~rrower will be given written notice of the change In acCordance with paragraph 14 above and applcable law. The notice wi!
<br />state the name and address of the new loan Servlcer and the address to which payments should be made. lhe notice wi also
<br />contain any other information required by appRcable law.
<br />20. Hazardol,ls Substances. Borrower shal not cause or permit the presence, use,d1!1posal, storage, or release of
<br />any Hazardou!l SUbstances on or in the Property. Borrower shaR not do, nor aRow anyone else to do, anylhlng affecting the
<br />Property that is in violation of any Environmental law. The precl!dlng two !Ientences sha' not apply to the presenco, U!le, or
<br />storage on the Property of smaH quantities of Hazardous SUbstances that are generaly recognized to be appropriate to normal
<br />residential uses and to maintenance of the Property.
<br />Borrower shan promptly give Lender written notice of any investigation, . claim, demand, lawsuit or other action by any
<br />governmental or regulatory agency or private party involving the Property and any Hazardous SUbstance or Environmental Law of
<br />which Borrower has actual knowledge. If Borrower learns, or Is notified by any governmental or regUlatory authority, that any
<br />removal or other remediation of any Halardous SUbstance affecting Property Is necessary, Borrower shag promptly taka al
<br />necessary remedial actions In accordance with. Envlronmer;tal Law.
<br />M. used In this paragraph 20. .Hazardous SUb!ltances" are those substanCe!! defined IS toxic or hazardous substances by
<br />Environmental law and the fonowing substances: gosoUne. kerosene. other flammable or toxic petroleum products. toxic
<br />pesticides arId herbicide!!. volatile solvents, materials containing asbe5tos or formaldehyde, and racloactlYe materials. As used in
<br />paragraph 20. .Envlronmental law. means federal laws and laws of the jurisdiction where the Property Is located that relata to
<br />health. safety or environmental protection.
<br />
<br />NON.UNIFORM COVENANTS. B"rrower and lender further covenant and agree as follows:
<br />21. Acceleration: Remedies. Lender sh!!1I give notice to Borrower prior to acceleration
<br />following Borrower's breach of any covenant or agreement In this Security Instrument (but not
<br />prior to acceleration under paragraph 17 unless applicable law provide. otherwise). The notice
<br />shall specify: (a) the default; (b) the action required to cure the default: (c) a date, not lell' than
<br />3:) cli:ye from the date the notice II given to Borrower, by which the d.fault mUlt be cured; and
<br />(d) that failure to curu tl1e default on or before the dZlle specified In the notice m..v result In
<br />acceleration of the sums secured by this Security Instrument and sale of the Property. The notice
<br />shall further Inform Borrower of the right to reinstate after Iceeleratlon and the right to bring a
<br />court action to usert the Ilon.exlstence of a default or any other defense of Borrower to
<br />acceleration and sale. If the default Is not cured on or before the date specified In the notice,
<br />Lender at Its option may require Immediate payment In full of all sum. secured by this Security
<br />Instrument without further demand and may Invoke the power of .alo and any other ,emedles
<br />permitted by applicable law. Lender shall be entitled to collect .11 expenses Incurred In pursuing
<br />the remedies provided In this paragraph 21, Including, but not limited to, rea.onable attorneys'
<br />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
<br />which any part of the Property Is located and shall mall copies elf such noUee In the manner
<br />prescribed by applicable law to Borrower and to the other persons .,r..crlbed by applicable law.
<br />After the time required by applicable law, Truste. shall give public fllotlc. of III. to the perlon.
<br />and In the manner proscribed by applicable law. Truttee, without denland on Borrower, shall ..11
<br />the Property st pl~bllc auction to the hlgheat bidder at the time and place and under the term.
<br />designated In the notice of ..Ie In one or more parcels and In any order Trustee determines.
<br />Trustee may postpone "Ie of all or any parcel of the Property by public announcement at the
<br />time and place of any prevloully scheduled 1.le, lender or It. de'llgnee may purcha.e the
<br />Property at any sale,
<br />Upon receipt of payment of the price bid, TrUlt.e uhall deliver to the purchas.rTrult..'s
<br />deed conveying the Property, The recitals In the Tru.t..'. de.d Ihall be prima facie evld.nce of
<br />the truth of the stat.ments made ther.ln. Trust.. shall apply the proc".dl of tho 1111. In the
<br />following order: (a) to all costs and exp.nl" of 8x.relllng the power of IIle, and the 811.,
<br />Including the payment of the Trustee's fee. actually Incurred, not to exceed three
<br />% of the ~rlnelpal amount of the
<br />note at the time of the declaration of default, and reasonable attorney's f.." ss permitted by law:
<br />(b) to all sums secured by this Security Instrument: and (c) any excess to the person or persons
<br />legally entitled to It.
<br />
<br />F1316.LMO (12/93)
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