|
. _ - . '^./'_
<br /> . T . . ` , + �• __ ' ... -.
<br /> i�.� ��K �,� ,•�4
<br /> I ¢ .--__"an..v:
<br /> _- �t::•�__...- -._•� � • .
<br /> , � �; . 17. 'fnnrh� of tFw PrqiwrEy or rr Bon�flclaf I�t����t In Borrawor. It aq or as+y pn�t ot the Propeny a —_ --
<br /> �ny iM�t fn N Is sold a tnn�tarnd (a N R brnMbW fnbr«t In Borrow�r h soid a tr��iwnd �nd Borrow�r M not a naWral
<br /> = a.r.on) wNno�c G.�d.r.Prro.w�ia«, can..nt, t.«�d.r m.y,�t lu oPUo��r«�ulr. irnn«wa p.ym�nc w,1uN a.r.�m...a,hd by►
<br /> Ihis B�a�Ny Intkwr�nt. How�v�r� tMs o�tiw►sh41 not b��rds�d by I.�ndo► N��k prohbN�d by 1�du�Mw�s d th��
<br /> d�of this S�owlty inaWt►'Nnt.
<br /> - H L�nd�r a�rois�thl� opGon,I.�ndK sh�1 piv�Bwrow�r notlo�d acai�rWion. Th�notlo� sh�M provid�� pMiod of not.p
<br /> _ Ns� tiw� 30 d�ys irom th� d�t� th� notle� b d�Nwnd a rtrN�d wMhh whloh Bortaw�r mu�t p�y dl eum� socund by tl►� � —
<br /> "`-;„'��".�: "�"` 8�curNy Insirum�nt, II Borrowr f�W�to pay ihM�sum� pdor to th� �pkatlon di thls p�tlod� Lmda rrNy hvok�any nm�dlM
<br /> '•«�'�� •�',:• p�rntip�d by thb 8�cutlty Instrum�nt wHhout iutih�►noGo�or drrtNnd on Bortoww.
<br /> �N, � oGo
<br /> , .`' .'� ' � 18. Bonow�r'�I Ripht to Rdn�ht�. N Borrow.r m«ts c«t.N� condltlon•. 6orrowK eh�r h.v� th� �1pht to hav
<br /> F � •:�:.s.,�.��..� �nfac�m�nt ol this 3�:wNy InsVunwnt disconUnuod at any t4na pilor to th� Nelsr oh (o) S dtya (or such atha p�iod �a � �-
<br /> ---'r'":.z�:;�;��:�"'�� +�PP��I�w may sp�oMy for nkut�t�nt)b�for�aaM of th�PropMty P�nuant to�ny pow�r of aN conWnYd In thb 9�cwih �
<br /> --- � � =�'-��-N;::��;;.1' Instrum�nt;nr (b) mtry ot+�Judpmmt�n(orctnp lhis 3�wdty Imtrumsnt.Thos�condiNons m that 8orrawK: (a)paya Lmd�r aN
<br /> '�����.��,,.; - � ... ..•,• �ums whkh thm wouW l» du�undK thia 3�wrlty ImUUment�nd th�Not��s B no acvNK�tion h�d occurnd; (b) cuns any
<br /> • � • d�iwlt of�ny othK cownant or ayrMrmnts; (o) p�Ya atl ucpmsa kiarred In mforclnp thls 3�curfry Inswm�nt, (ndudM��,but
<br /> '�"� . not Mmlt�d to, rwuombte attomays'f�; iutd(�tak�e such actlon�s L�nder rrwy rNSOnably nqukt to aswr�ttuit th�Q�n ot
<br /> - w this 3ocudly in�trument, Lsnd�r's tiphb Gt th� PropKly md Bortowar'e obllpaUon to pay th� eums s�wnd by thl� 3�eurity
<br /> ""`�` �'�t' - Instrum�nt sh�M conUnw wch�nq�d. Upon ninstatwns�t by Borroww, thls Sscurity Instrument �nd tht oblly�Uons sscursd °�_-
<br /> �"��;;; hersby ehaN r«nain fuNy N(sctiv��s if no accN�raUon had ocatR�d. How�v�r, this riyht to rNnstaU shall not apply h th�aso
<br /> "� of aeedentbn under panynph 17.
<br /> ' - 19. Sal� of Nat�; Chanp� of Loan S�rvio�r.Ths Nott or a a partw Int�sst�n tn. Not• (topetha wkh this —
<br /> r, Socurity Instrumant) rt�ay bs soid ons or rtan times wilhout prior noUc�to BoROw�r.A s+iN may resutt in a ohanpe in the�nUty _
<br /> • (known as ths'Lwn 3�rvie�r•)that eoll�cts monthy p�ymnts due und�r th�Wot�and this 8�curity In�tntm�nt. ThKe also may
<br /> �"':, .. . . ,•° Lu une u� w�ie oi�i�iynb �i iho L3:e�� wi+IGoi ui1�:+�ided iv � b�iin vi iiw i�ul�. li inxre ia r chnryu uf li��i LG:B �CPdlCrf,
<br /> _ ... x -��._ -
<br /> * � Bor►ower wW t» yNen writt� noUce of the ohanye in accordonce wfth parapraph 14�bov�and appMcabk law. The nopc�wUl �"'�Y`�
<br /> •tate ths n�me and addnas of tho new Loan 3ervicer and ths�ddnss to whbh paymmts shoutd b�mad�. Th�noUcp wiW also `�
<br /> &� -
<br /> contaln any oth�►InfortnaUon raqulnd by appAubl�law.
<br /> 20. Hszudou4 Subdaneos. Bor►owx shdl not cause or pwmR lhe presmce, uat, dispo�al, etorape, or reieass of —
<br /> �ny H�zardoua Substtnces on or In ths Property. Borrower�haN not do,nor allow anyons Nte to do,�nythiny atteotk�p ths �,,
<br /> Propaty thtt it in violaUon �t�ny Environmentai Law. The precediny two aentencea ahaA not appy to the preaence, use, or F'4'-'��.
<br /> etorap� on th�Ptop�rly of amall quantklea oi Hazardous Substanc�s that ar� yenenAy reeopnlzsd to b��ppropriate to�wrru�t �-�—
<br /> r�sid�ntial uses�nd to malntenance of th�Propaty. —"'""""�
<br /> Borrowx shaA promplly qive Lander written noUce of any InveaUpatlon, clNm, dertwnd, lawsuk or other acUon by any ;�y-=.,�
<br /> yov�rnmentai or repul�tory�qency or p�1v�t�paAy invotvinq the PropF,rty a�d any Huardous SubsUnce or Environmental Law of �-
<br /> whioh Bortower h�s actu�l knowledpe. If Borrower bam�, or Is notifted by any yovwnmental or rspulatory authotity, that any �:
<br /> nmowl w other r�tnedl�Uon of any Hazardoua Subetance att�adny Property la neceae�ry, BoROwer �hail prompty take all �.Y�_
<br /> n�ewa�ry rom�dlai actlons in accwdance wfth Environmsnul L�w. -�-
<br /> Aa uaed h this parayraph 20,'Hazardoua Substuicee' are those aubatancea deflned ae toxic or hazardous substancos by t '-'� �
<br /> Et►vkonmsntai Law and the toAowinp aubatancsa: qatoline, kerosene, other ilammable or toxia petroteum products, toxtc
<br /> t �"`;'::.
<br /> f
<br /> pesUcldas�nd hsrbicides,vol�tAe eolvente, rr�teri�is conUininy asbeatoa or fomw�d�hyde. �nd r�dioactive materi�is. Aa used in
<br /> p�n9nph 20, 'Ern(ronmentai Law' mems t�d�nl I�w�and laws of th�Judsdictlon wherQ th� Property la located that rNate to r�,�
<br /> i � hMtth,saf�ty a onvkonm�ntal protection.
<br /> NON•UNIFORM COVENANTS.Borrow�r and Lend�r tuRher covenanl and a�rca as toltowa: ,
<br /> � 21. Acc�laration; R�madl�a. L�ndor �hAll qivo notice to Borrowar prior to acc�loration �
<br /> 1•: � followtn� Borrowor's bro�ch of �ny cov�nant or agraom�nt In this Soaurfty Instrum�nt (but not ;
<br /> �' prior to �ccoloration und�r parapr�ph 17 Lnlos� appltcmbta I�w providos otharwiso). Th� notico �
<br /> ahall �pocfiy: (a) tha d�fault; (b) tho actfon roquirad to cure the default; (c) � ds�ta, not loss 4han '
<br /> . ' 30 days f�om tho dato tho notic� ts qlv�n to Bor�owar, by which tho d�f�utt muat bo curod; and
<br /> � (d) that fatluro to auro th� dofault on or bafora tho data sp�ciflad in tho nottco m�y nsult In
<br /> � �ccvtor�tion of tho �ums cacursd by thia Sr�cu�ity In�tramor�t and sato ot tho Propariy.Th� notice
<br /> shail furthor inform Borrowo� of thv ri�ht to r�instato a�itar accal�ration and th� �i�ht to brin� a '
<br /> aourt actlon to a��e�t tha non-oxtst�nca of p dofault or any othar dofanso of Borrowor to
<br /> accateration and salo. if thQ dQYautt is not curod on or baforo tha data spacifiod in tho notice,
<br /> Lvnder at tta option may raqulro immodiato paymont in full of all sums secured by this Sacurity •
<br /> Instrumont without fu�thor domand and may invoke tho powor of salo and any othar romodios
<br /> pormittad by applicpbla law. Landar shall b� ontitlod to colloct all oxpQnsa� Incurrod tn purauin�
<br /> the remodiv� providod in thts parapraph 21, inaludinq� but not pmitad to� raasonablo attornoys'
<br /> faos And aosts of title ovidanco.
<br /> . If tho power of aalo Is invokod, Trustoo �hall record a notica of dafauit in oach county In
<br /> , ' I whfch any part of the P�oporty is tocatod and shalt mail coptos of such notice in the ma�nvr
<br /> = prascribed by appitcablo taw to Borrowor and to the other persons prescritsed by applicablo law.
<br /> � ARer tha timo raquirod by applicablo law, Trustoo chAll givo pubilc notice of sale to tho por�ons
<br /> ` � - and In the manner proscribod by appilcabte taw. Trusteo,without damand on Borrowar� shall setl
<br /> tho P�operty at pubUc auction to tho highe�t bidder �t tho timo and ptace and undor tho terms
<br /> � deaignated in the notice of sale in one or more parcols and In Any ordor T�uatoo dotarmina�.
<br /> • Trustee may poatpone �alo of atl or any parcot of thv Propo�ty by pubiic announcomant at tho
<br /> timo and place of any proviousty schodulod Qalo. Lende� or its do�ignoa may purchase tho
<br /> P�opartyr at any �ala.
<br /> � Upon �ocoipt of paymont of tho pricQ bid, Trustea �hall deliver to the purchas�r Trustoo's
<br /> � � dood convoyin�tho Proparty. The rocitals in the Trustee's doad shalt bo p�ima facio avidQncQ of
<br /> � �` � the truth ot tno statomonis mado i�orein. i�usi�o snaii appiy ino procoods oi ino saiv in LfIY
<br /> foilowing ordo►: (a) to all costs and oxpanses of ozercising the powar of salo� and thv aalo,
<br /> ,, ' includinp thQ paymont of the Trustvo's faas actually incurrod� not to oxc�vd thraa
<br /> ;, 96 of tha principal amount of the
<br /> � � not� at tho timo of the doclar�tion of dofault, and reaeonabt� attornsy's feos as pormittod by taw;
<br /> � I (b) to all sums sacurod by this Sacurity Instrument: and (c) any axcQa� to tho parson or persons
<br /> p lo�aliy ontitiod to it.
<br /> C , �.
<br /> ; F1316.1M6 112/93) Paqe 4 of 5 ���'_"�`t.�
<br /> 1 /
<br /> f I
<br /> 01911
<br /> : �
<br />
|