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Form 3028 9/90 93- 110894 17. Transfer of the Pro pert)' or a Beneficial Interest in Borrower. If all or any part of the Property or any intercs~ in it i:> sol": or transfer.cd (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a oatuml person) wIthout Lender's prior Wl!(ten cons~~nt, Lender Illay, at its option. require immediate pllyment in full of all SUlTlS secured by this SccurilY Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by feder.Jl law as of the date of this Security Instrument. If Lender exercises Ihis option, Lender shall give Borrower notice of acceleration. The notice shall provide a ~riod of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Secilrity instrument. If Borrower fails to pay these sum:, prior to the expiration of this period. Lender may invoke any remedies permitted by this Security Instmmcm without further notice or demand on Borrower. 18. Borrower's Right to Re:nstaie. If Borrower meets certain conditions, Borrower shallhavc the right to have enforcement of this Security Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other period as applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this Security Instrument: or ~b) entry of a judgment enforcing this Security bstrument. Those conditions are that Borrower: (a) pays Len('ler all sums which then would be due under this Security Instrument and the Note as if no acceleration had occurred: (b) cure~ any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys. fees: and (d) takes such action as Lender may reasonably require to assure that the lien of this Security Instrument. Lender.s rights in the Property and Borrower's obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by Borrower. this Security Instrument and the oblibatio;ls secured hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraph 17. J 9. Sale of Note; Change of Loan Servicer. The Note or a partial interest in the Note (together with this Security Instrument) may be sold one or more times without prior notice to Borrower. A sale may result in a change in the entity (known as the "Loan Servicer"') that collects monthly payments due under the Note and this Security Instrument. There 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 Servicer, Borrower will be given written notice of the change in accordance with paragraph 14 above and applicable law. The notice will state the name and "ddrc;ss.of the new Loan Servicer and the address to which payments should be made. The notice will al.~o contain any other information required by applicable law. 20. I-h17:ardous Substances. Borrower shall not cause or permit the presence, use. disposal, storJge, or release of any Haz.ardous Substances on or in the Property. Borrower shall not do, nor allow anyone clse to do. anything affecting the Property that is in violation of any Environmental Law. The preceding two sentences shall not npply to the presence. use, or storage on the Property of small quantities of HU7..ardous Substances that are generally recognized to be nppmpriate to normul residential uses and to ll1c.intenance of the Property. Borrower shall promptly give Lender written notice of any investigation. claim, demand, lawsuit or other action hy any govl:rnmcntal or regulatory agency or private party involving the Property and nny HazardOl!s SuhstulH.:c or Environll1ental Law of which Borrower has <Ictllal knowledge. I~ Borrower learns, or is notified by any governmental or re[:ulatory authority. that any removal or other remcdiation of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial a;.:tions III accord~lIlce with Environmental Law. As used in this paragraph 20, "Haz.ardous Substances" are those substances defined as toxic or hazardous sub:itances hy Environmental Law and the following substances: gasoline, kerosene. other flammable or toxic petroleum products. toxic pesticides and herbicides, volatile solvents, materials contnining asbestos or formaldehyde, and radioactive malerials. As used in this paragraph 20, "En\'~ronmental La'."" means federal laws and laws of the jurisdiction where the Property is Io<:atcd that relate to health, safety or environmental protection. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and ngree as follows: 11. Acc('lerl.ltion; Rl'I1U'dies. Lender' shall gin' notke to Burrower prlnr to Ul"l'l'Il'rutloll (u"uwlng Hurl'O\ll'..S hn'adl of an) covenant or agreement jn this SecuritJ Instrument (but not priOl' to acceleration lindeI' paragraph 17 unll'Ss npplicablc law provides otherwise). The notice shall specify: (a) the default; (b) the action re(luired to cure tile dCr~IUIt; (c) a date, not less than 30 days from the dute the notice is given to Horrower, by which the default must Iwcurcd: and (d) that failure to cure the default 011 or bcfore the date spt'Cified in the notice ma;v result in acceleration of the sums securcd by this SecuritJ Instrument and sale of the Property, The notice shall further Infonn Borrower of the rlRht to reinstate after acceleratioll and the right io bring a court action to assert the nOIH~xistence ofa default or any other dcfen!;e of Borrower to acceleration and sule. If the default is not cured Oil or before the date specified in lhe notice, Lender, at its option, may require immediate payment in f'~11I of all sums secured by this Security Instrument without further demand and may im'oke the pmver of' sale and any other remedies permitted by applicable law. Lender shall he entitled to collect all eXlwnses incurred in pursuin~ thl".: remedies provided in tllis paragraph 2i, including, hl!t no~ !!mi~ed tn, reasonahle at!orn.eys' fCC8 and cm;t~ of title eviden-;:c. If the pawl'r of sale is invoked, Trustee shall record a notkc of default in each county in whkh uny part of fhe Property is located and shall mail copics of such notice In the manner prescribed by applicable law to Borrower and to the other persons prescrihed hy applicable law. After the time required by applicable law, Trustee shull give puhllc nntke of ~ale to the persons and in the manner prescribed by applicable law. Trustee, without demand nn Burrower, shall sell the Property at puhlic auction to the highest bidder at the time and place and under the terms dl'Signatl'd in the not let' lit' salt> in one or more parcels and in any order Trustee determines. Trusfec may pnstpone sale of ull or .IIlY p:m:l'I nf the Property hy public announcement at the time and place of any previously scheduled sale. Lender ur Hs dl~ignee mllY purchase the Prol>crty at any sale. POO_ 5 01 6