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~~, 93- 1.10895 17. Transfer of the Property or a Beneficial Interest in Borro\\~r. If all or any part uf t~e Property or any intefes~ in it is seid or transferred (or if a beneficial interest in Borrower is sold or tr,\Osferred and Borrower IS not a natural per.;on) wltho~t . Lender's prior writlc!i consent. Lender may. at its option. require im11ediate payment in ful: UI aii sums secured by thIS Security Instrument. However. this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this Security Instrument. If Lender exercises this option. Lender shall give Borrower notice of l.'ccderation. The notice shall provhle a period of not less than 30 days from the date lhe notice is delivered or lTilliled within which Borrower must pay all sums secured hy this Security Instrument. If Borrower fails to pay these sums prior to the expirati,)n of this period. Lender may invoke any remedies permitted by this Security Instrument withollt further notice or demaild on Botrower, 18. Borrower's Right to Reinstate. If Borrower meets certain cor,ditions. Borrower shall have the right 10 have Cl,forcemenl of this Securily Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other period as applicable law lIlay specify for reinstatement) before sale of the Properly pursuant to :my power of sale contnincd in this Security Instrument; or (b) entry of a judgment enforcing this Security Instrument. Those conditions arc that Borrower: (3) pays Lender all sums which then would be due under this Security Instrument and \.he Note as if no acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays al! ell.:penses incurred in enforcing this Security Instrument, includin~~, but not limited to. reasonable attorneys' fees; and (d) takes such acti'l)n 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 p..-ty the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by Horrower, this Security Instrument and the o:...gations 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. 19. SaIl: of Note; Change nf Loan Sen'icer. The Note or a partial intere,:t in the Note (together with this Security Instrumer;t) 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 "LM.n Servicer") that collects monthly payments due under the Note and this &'curity Instrument. There also may be one or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a chaJlt.:e of the Loan Servicer. Borrower will he gi','cll writtcl. i'c,ricc of the change in accordance with paragraph 14 above and applicabk law. The notice will state the name and address of"th~~ 'lew Loan Servicer and the address to which paYlT1ent~ should be made. Thl' notice will al~o contain any other infonnatiol'! required by applicable law. 20. Hazarcous Substances. Borrower shall not cau~e or permit the presence, use, disposal. storage, or release of any Hazardouc, Substances on or in the Property. Borrower shall nol dn, nor allow anyone else to do, anything affecting the FTGperty that is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence. use. or r,toragc on the Property ()f small quantities of Hazardous Substances that are generally rccogni7.ed to he appropriate to norm:,1 residential uses and to maintenance of the Property. Borrowcl shall promptly give Lender written notice of any investigation. claim, dcn"'ltnd, lawsuit or other action hy uny governmental or regulatory agency or private parly involving the Property and any Ha7.ardous Sunslancc or Environmcntal Lnw of which Borrower has actual knowledge. If Borrower learns, or is notified by anygovernme!ltal or regulatory lIIttlH,rity, th:,: any removal or other remediation of any Ha71m.\ous Substance affecting the Property i<; necessary. Borrower shall promptly take all necessary remedial act:on~ in uc~:)rdance with Environmental Law. As used in tilis paragraph 20. "Hazardous Sub<;~ances" arc those substances defined as toxic or hazardous sllhslances hy Envirc;lrllental Law and the following substances: gasoline, kerosene, other namnwble or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or fonn<lldt-hyde, and radioactive materials. As used in this paragraph 20, "Envirnnmcl;tal Law" means federal laws and laws of the j~risdiction where the Property is located that relate to health, safety or environmental protection. NON-UNIFORM COVENANTS. B()(TOWer and Lender further covenant and agree as follows: 21. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration fll"owln~ Uurruwer's hn'ach of any covenant or :!greement in this Security instrument (but not prior to acceleration under paruAraph 17 unless applicable law provides otherwise). The notice shall specify: (a) the default; (hl the action rC<luired tn cure the default; (c) a date, not less than 30 days from the date the notice is givcn to Borrower, by which the default must he cured; and (d) that failure to cure the default on or before the date specified in the notice may result In acceleration of the sums secured hy this Security Instrument and sale of the Pruperty. Thp. notice shall fvrther Inform )Jorrower of the r1~ht to reinstate after acceleration and the right to bring a court nctitlf1 to assert the non-existence of a default or any other defense of Borrower to acceleration and sale. Jf the default is not cured on or before the dllte specified In the notice, Lender, at its option, may require immcdiato: Imyment in full of all slims sl'(Cured by this Sl'Curlty Instrument wlthollt further demand ~Illd may invoke the pllwer of sale and any other remedies permitted by applieahle Inw. Lender shall he entitled to collect all expenses incurred In pursuinA the remedies provided In this paraArnph 2 J, Indudir.g, hut not limited to, reasonable att;}rneys' fees and ensts of title evidence. If the power of sale is invoked. Trustee shall record a notic~ of default in each county in which allY purt of the Property is located and shall mail copies of such rwllce in the manner prescribed hy applicahle law to Uorrnwer l.lnd to the other perSOlls prescribed by applicahle law Hter the time required b)' applicable law, Trust~ shall gh'c puhlic notice of sale to the persoJls and in the manner p:~!>l.:rihed hy npplicablc law. Trustee, without demand nn Borrower, shall ~ell the Pr()pert~; at public auction to ttie highest bidder at the time and place and under the term; designated in the notke of .:;ale in onc or more parcels and In any order Tmstee determines. Trustee nUlY postpone sale of all or any parcel of the Property by puhlic al1llOunCement at the time and place of ony previously scheduled sale. Lender or Its d('Sl~nee may purchase the Property at any sale. Form 3028 9/90 Pogo 5 01 0