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<br /> ^- � • • 17.Trand�r of the Prop�rly or � B�nNtcid Ut�►�d In Sorrow�r. tl ul or�ny p�A ot th� Proprrty o► °-"��"v-
<br /> �., • any U►terest In It is eold ar tranefertod(or If a beneflot�t Intmest In Borrnwer la to�A o►tran�t�rrod and Qoaow�r ta not a�qturai (p �-'`'��'-----
<br /> . .-.r�.r=.'�.....,,
<br /> , ;. r pereon) wlthout Lenda'e prior w►itten aoneent, Lendev rtuy,tl Ite optlon,�equlre InimoQiste p�yn�ent 4i A�8 0l�8 eum�o�cured by ,� o .. . __����_- -__-
<br /> ' � ' thls 8eaud Inetrument.Howavar,thts o tlon ahafl not bs ex�reteed b lmdar N exKetee le pt�hlbltod b fs�lK�t I�w�e ol the � h ��ru��.�-�----
<br /> _ "i, ° ' ,�._;-_.._'-
<br /> , " „ data ot thia Secuttly(nstrument. P Y Y , �r�:R--_ - -
<br /> U Lender exerclsae thta opQon, Lender ehati pNo Borrower notice ot aaaetKdlon. �No nollc:e eh�tll ptovlde�pMod of not � ' ; �-_--
<br /> ••,7Si'A_.
<br /> :a. �� ,. teae than 30 days from the d�ts tho naQc�Is d�IN�r�d or maN�d withln whloh 8aroww muH {►�y �A eum� �roured by thts .k.. ,��:�u.�
<br /> ` „ �� 8eaurlry Inet�ument. If Borrowe►t�l►s!o pty theoe eume pdor to the expU�tion of Ihle pMtnA, LenMr m�y Invoko eny remedbe - - -�•• __
<br /> " ' � ' permttted by tbla 8ea�rily imUument wfthout furihor notice or denwnd on Oorrowei, , . ��;.:�_-
<br /> � 18. BOrrow�i's RIpM to R�Instat�. tf 8ortower men� oeR�ln aondUlone, GoROwe� �haN h�vs the dpht lo h�ve •� ���`:�'d;`_-
<br /> • entareement ot this 8ea�ity Inetrument dlaaontinued at any tlme pdor to the�e�er oL• p) 6 Mys (or tuoh othe► yatod�e „ ' ., .
<br /> ; „ nppneabie lew may epedy for reineUtandnt)betore eate of the PropeAy purou�M to iny power ot e�t�cortUinM In thla��oudty ' . •
<br /> � Instniment; or(b) entry ot �Judpment entoroinp thle 8aeurity�naUument.Thoee aondltlone are th�t Uonowa: (�)p�ye Lender�II ° ' " ` ''
<br /> „
<br /> � suma which then wouid b�due under thie 8eaurity lnatrument and the Nats �e II no �ocet��tlan h�d occurr�d; (b)aur�s u►y
<br /> . . defaurt of any other covenant or agroements; (o)paya atl expeneea fnourred In enTorciep Ihle 6scudly InstrumafL Irtcludinp, but ' , �' _-
<br /> not Wnited to,reasonebie attomeya'taea; and(d)tokea euoh aoUon�e Lender m�y reaeon�bly reyuire to �eeure Ihtl the Ilen of �� , � . •
<br /> this eecurily Inst�ument,Lender's dphts In the Propenyr and 8orrower'e obtlg�tlon to pay Iho eume ascured by thl� 8ecurity �'�., %a
<br /> ". Instrument shail contlnue unohanged. Upon reinetatement by Bortower, thie 8eaudly inetrument end ih� abHpatlane eeaured ' --•
<br /> , , hereby ahaU remain tuly eHeoth�e ss H no acoeteraUon had ocaurred, Howev�r,thia dpht ta relnet�le ahttl not�ppy In the aee ,. ��
<br /> �,�`-
<br /> of aaceteraUon under pamgmph 17. °'�
<br /> 19. 5819 of Not�; Chango of Loan 8swiou. The Note or a a p�dlat Intereat In the kote (lopetha wilh thia � .
<br /> 3ecurity Insaument)may be sold ane or more dmes wfthout prior noUae to Bortower.A eds m�y ronutt In �ahmpe In the entity _:��:.�,
<br /> (known ae tha'loan 8enicery that eoBeets monthy payments due under the Note and thla 8ecudty Inairumont. There atso may L = -
<br /> be one or more ehenges of the Laan 9erv�oer unreiated to e sale ot the Note. If there le � ah�npe of ihe lan Servlaer, -" ��'-
<br /> BoROwer will be gNen written noUoe ot the ohange fn aocordence with parag►eph 14 ntrove end eppllcabla Isw. The notice wUl „ w. , a� -
<br /> • stete the neme and addrese ot tha new Loan Servlcer and the addresa to whiah peymente ehouid be m�da, The notlae w�l aieo
<br /> . . . conteln any other intomnalion requfred by apppcnb�e taw. � , �
<br /> �., ' � 20. Hazardous Subatancoe. BoROwer shall not cause or pertNt tha presenae, uoa, dlapooni, storago, or roteaeo ot . �
<br /> � .,� any Hazardoua 8ubstances on or in the Property. Bortower ahali not do, nor allow anyone elso to do. anything etteating tho ���y ::�
<br /> Propeity that la in vioietlon of sny Environmental Law. The p►eceding two sentences shali not appry to the preeenae. uae,or , �j_
<br /> atorage on the Properly of smail quandUes oi Hawrdous Substancea that ere genereily reaogNzed to bo appropriato to norm9t =••---
<br /> reaidenUai uses and to matntenance ot the Property. ' , ,"P7�
<br /> Bortower shail prompty give Lender wdtten notice ot any InvesUgetlon, ciaim, demand, laweult or other eotion by any I �"r`��� -
<br /> :c govemmentet or regutatoy apenay or private perty invohring the Property and any Hasardous 3ubsfenoe or Envlronmentel Law ot l.. _ �rtii, ,_
<br /> whkh 8orrower has sotuQi knowledge. !f Bonower leams, or is �otHled by any govemmentei or regu�etory euthority, th�t any � '7
<br /> removat or other r9medlation ot any Hazardous Subatance aHecting Property la neeeseary. BoROwer ahall prompty take e�l I 1
<br /> ' neceasary►emediai aotians N accordanee wkh Envlronmenta�Law. �
<br /> Aa uaed In thls paregreph 20, 'Hezardous 3ubstances'are those substances deflned as toxio or hasardoua aubeteneea by " �
<br /> Envlronmental Law and the foliowing aubstancea: gesoilne, kerosdne, other 1lammabie or toxla petroteum produoto, toMio �% �
<br /> 1. , peaUddes and herblcides. volatite soNents, matedais contalning asbeatos or formaldehyde,and radloaotive matetials. As usod in �
<br /> paregreph 20, 'Environmentd Law' means tedera�Iaws and�aws ot the Judsdiction where ihe Property Is Iocated thet retate to � ��; �`�
<br /> � heallh, setety or environmenlal proteation. � �.� �.(
<br /> NON•UNIFORM COVENANT3.Bortower and lender turther covenant and agree as toliows: �'���
<br /> . 21. Aooeleratior�; Remedies. Londer ehall give notice to Borrower prior to aoosisrat(on �
<br /> .� + tollowtng Borrower's breach of eny covenent or agreement in thts 3eourtty Instrument (but not
<br />- prior to accoleration under peragraph 17 unleas appllaabte taw provides otherwisej. Th� notic� �' ;;,�,��
<br /> ' ahelt apeotty: (a) the defeult; (b) the aatton �aquired to aure the default; (o� a date. not loea than ,:
<br /> . 30 days from the dets the notice is given to Bor�ower, by whioh the default muet be ourod; �nd !
<br /> ; � (d) that failure to�ure the default on or before the date apecifted in the notice may �asult In .�
<br /> acceteration of the suma seoured by this Security tnstrument and aete of fhe Rroperty. Thu ndQiae r
<br /> shait iurtheP Intorm Bor�ower of the right to relnatete after acceleratlon and the �Ight to bring e �
<br /> . court action to assert the non-existence of a default or any other defense of Borrower to
<br /> acceteretlon end sale. If tha defautt is not aured on or before the date speolfied In the notice. -
<br /> ' Lender at its option may requlre tmmedlete payment In futl of all suma seaured by this 8ocurity �
<br /> � Inetrument without iurther demand and may invoke the power af eate and any other �emedlae
<br /> � , parmitted by appl(aabte law. Lende� shatl be entitted to aolleat att expenses incur�ed tn pursutng
<br /> � the remedles provided in thfs paragraph 21� including� but not Iimited to, �easonablo attorneys' .
<br /> � fees and coats of titte evidence.
<br /> If the power of sale Is invoked� Trustee ahetl record e notice of default in each county In
<br /> which any pert ot the P�operty ts tocated and shall mait aoples ot such notice in tho mannor
<br /> . presaribed by applicable law to Bor�owe► and to the other pe�sons prescribed by appltcable law.
<br /> � � J Atter the time required by applicable law, Trustee sha�t give public nottce of sate to the persons
<br /> I and tn the menner presc�ibed by appticabte law. Trustee, without demand on Borrower. sha�l sat{
<br /> ' � the P�operty at public auation to the highest bidder at the time and ptace and under !he lerms
<br /> • deaignated In the notice of sale In one or more parcets and tn any order Truatee determines.
<br /> Trustee may postpone sale of ali or any parcel of the Property by pubiic announaement at tho
<br /> �• � time and plaae ot any prevlously scheduled sate. Lender or its desig�ee may pu�chaeo th�
<br /> .i � Property at any sala.
<br /> •r � ttpon rece'tpt o* payme�i vi ine priae oid. i rueiee snaii cieiiver io ine puranasvr i�ueYOO'g
<br /> � ` i deed conveying the Property. Th� reaitals in the T�ustee's deed shalt be prima facie evidence of
<br /> � � the truth of the statements made thereln. 7rustee shall appty the proceeda of the sale in tho
<br /> �� . followtng order: (a) to all costs and expenses of exercising the power of s�ie, und the sale,
<br /> • � thciuding the paymant of the Trustee's fees aotueliy in�urred. not to exceod three
<br /> � i f� �. � qe af th� prinelpa! amount af th�
<br /> ; � ' note at the time vf the dealaretion of detault, end �eaeonnbie attorney s fees as permittod by lew;
<br /> � � (b)t o a l l s u m a s e a u r e d b y t h i s S e a u r i t y I n e t r u m o n t; a n d �a� a n y o x c e s a t o t h e p e�s o n o r p o r s o n a
<br /> �: � Iegaity entitled to it.
<br /> ., �
<br /> '� � � r.�u�•e„�•, �.� ••� �
<br /> IF1316.LM0(12/93) .' ..
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