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<br /> <br /> <br /> o -it; <br /> <br /> 17. Transfer of the Property or a Beneficial Interest i%j%Wower. tf &A or any part of the Frosty or <br /> any kverest in is Is weM or t emle*;-d (art it a benefidal Interest k, Sortc>v sold or tester. sdd and Ba MOm I$ F1W i rsaturd <br /> pers,m) witheu! Lcrwder's prior written onnsent. Learaatt rrrayat is cpdort_ rnupudrre cwterleaa Pa rrmw b full of at sums cured by <br /> their S!:=,- ty tnstrw-ert Howeer. ttIAS opdt--^ shall c--x be em oxi-by LwKMrr tt exerebe b prrabad by Wdwv$ aww as of V* <br /> date of this 5ecus'?y k> tu me nt <br /> it i ender exemses t hA option. Lender strait give Bonrcrow r>ofde of acceleradw. The notice shall r-rovide a period of not <br /> leas than 30 days frorn the rate the nonce is deRvered ar materl within whictr Borrower must pay all sums secured by this <br /> Security Instrurne'at If Sonvwer fads to pay these sums prior to the eq*alion of this period, Lender may invoke any rained ies <br /> pemaitted by this. Saa,rlty Insirurnent without ;tuthar notice or drxnand on Borrower. <br /> is. Borrower's Right to Reir:staft. n eomro ar meets cufain xrtdltons• Borrower shat have the right to have <br /> enforcement of thk; Security Instrument discorYdnued at arry time prier to the. ear4r of: (a) 5 days (or such other period as <br /> applicable law may specify for reinstatement) before sale of the Property purmtent to any Fower of sale contained In this secvrtty <br /> fnst'L'an7er)t: or (b) entry of a p dgff tt enforcing this Se wty Inslrurnent. Those corAMons arc that Borrower: (a) pegs Lender d <br /> sums which then wood be due under' this Security lruru-tent and the Note as 9 no acDA-madoon had occurred: (b) area' <br /> default of arty otter covenant or sgreamanbK (c) pays all expanses incurred In erfor&M this Secut ty Inevtarer+i. bck K*pg, bat <br /> net timhed to. reasonable attorneys' fees: and (d) tefaes such actkxn as Lender miry reasonably require to assure that the lien of <br /> this Securfty instnunent. Lender's rtgr'tits in the Property end BomweWs obilption to pay the sums sawed by this Somwily <br /> instrument shat cantasue unchanged. Upon reinstatement oy Borrower, this Security IrmtrumArd and the obligations scared <br /> hereby shall m main duty effocdve as t no accelerafer. had cocurnad. Howsow. thk right to reinstate shat not apply In the case <br /> of acceleration t rider peragnaph 17.. <br /> 19. Sale of Notp; ChmVe of Loan Sarvicar. The Note or a e petal interest In tea Note t^rogether with ills <br /> Semkdzy tnstnanrcnt) r:nay be sold one or more thanes without prior m4ce to Borrower. A sale may result In a change In the entity <br /> (krtarrn as the `Loan Se nicer') t,'1at cobs r mthly payrrw is die urdcr the Note and this Shy Instnone t There also may <br /> be one or a r" changes of the Loa. Servkw unrelated to a sale of the NoteL N there is o char" of the Loan Servlcex, <br /> Borrrnver w1 be given written notice of the ch-e, accordance wO paragraph 14 above arni applicable law. The notice will <br /> state the name and address of the neaw Loan Sealer and the address to which psyrnents should be ;made. The nonce will also <br /> contain any ather information required by applicable lour. <br /> 20. Hazardous Substances. Borrower shall not cause or pertrdt Tice preseoica. ute, tAsposatl. storage, or release of <br /> any Hazardous Substa.rce~ on or in the Property. Borrower shall not do. nor allow anyone else to do. anything affecting tha <br /> Property th rt Is in violation of any Environmental Law. The precedng two sentences shall not apply to the presence, use, or <br /> etorags on the Property at small quentlifes of Hazardous Substances that are fleaneraty reoogr+LAd to be appropetate to normal <br /> residential uses and to maintenance of the Property. <br /> Burrower shall promptly give Lender written notice of =y Investigation. claim. dernand. kivvsuft or other action by any <br /> governmFntal or regulatory agency or private party invoNtng the Property and any Hazardous S'u'xilrtce or Environmental Law of <br /> which $xrowkr has actual knowledger. It Borrower learns. or is notified by any governmental or regulatory authority. that any <br /> removal or other remediaation cf any Hazwdous Sub3Wce affecting Property is necossary. Slorrower shat prompity take all <br /> necessrarf remec5aal actions In acoordance with En-Ir tmen'atal Latin. <br /> F~. used m this Rc~g aph 20. 'hazardous Substances* are those substances defined as brie or hazardous substances by <br /> Env;.onm--ntal La.-, and the lollowing substances: gasoline. kerosene. other %wrc%We er mdc petroleum products, toads <br /> p£3titides and herbiddes, volata'ie solvents, materials corstahing asbestos or fomutidehyde, and ra(:toecttve materials. As used in <br /> paragraph 20. 'Envlrorunentai Law' meant fed*, Was and laws of the )x4dcl;on where the Property Is located that relate to <br /> hea=r:.,. safety or environmentni protection. <br /> NON-UNIFORM C011fYf+t. NFM ForrowW and Lender f xther covenant and agree as folows= <br /> 21. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration <br /> following Borrower's breads of any covenant or agreement In this Se urity 'astrument (but not <br /> prior to acceleration under paragraph 17 onto" alppileable law provides dherwise). The notice <br /> shall specify: (a) the default; (b) the action required to cure the dsrau , Icy a dais, not less than <br /> 30 days from the date the notice Is glvaatn to Borrower, by which the d F atblt trust be cured; and <br /> (d) that failure to cure the default on or before the date sped' if; Ow notice may result in <br /> acceleration of the sums s"acured by this Security instrument and va' w the Property. The notice <br /> shall further inform Borrower of the right to reinstate after a rccele.nOM and UNa right to bring a <br /> court action to assert the non-existence of at default or any a h defdnva of Borrower to <br /> acceleration and sale. H the default Is not cured on or before Siv r;as'#a sv9clfied in the notice, <br /> Lender at its option may require Immediate payment In full of all six-rra scoured by this Security <br /> inste ument without further demand and may invoice the power of sale and any other remedies <br /> permitted by L;cpHaable taw. Lender shall be entitled to collect all expenses incurred in pursuing <br /> the remedies provided in thin paragraph 21, including„ but not limited to, reasonable attorneys' <br /> fees and costs of this evidence. <br /> If the power of sale N invoked, Trustee shall record a noUce of default in each county in <br /> wh!ch any part of tine Property is located and shall mail -.oples of sue$ notice in the manner <br /> prescrRbed by app)ac3ble t2w to Borromr and to the other persons presollbed by applicable taunt. <br /> After the time required by applicable taw, Trustee shall glue public noVice of sale to the persons <br /> and In the manner prescribed by applicable law. trustee, without demamd on Borrower, shall sash <br /> the Property st public auction to the highest bidder at the time and place and under the terms <br /> designated in daze notice of seta in one or more parcels and in any order Trust" determineq. <br /> Trustee may postpone 3aly of all or any parcel of trio Property by public announcement at the <br /> time and place of any previrntmly scheduled sate. Lender or Its designee may purchase the <br /> Property at any sacra. <br /> Upon receipt of p2qment of the price hid, Trustees shall deliver to the purctutser Trustee's <br /> dead conveying the Property. The recitals In the Trustee's deed shall be prima facie evidence of <br /> the truth cri the statements made therein. Trustee shall apply the proceeds of the sale in the <br /> follewting order. (a) to all cog-'s, and expenses of exercising the power of sale. and the sale, <br /> including the paymetr, of :ice Trustee's fees actually incurred, not to exceed Three <br /> _ % of the principal amount of the <br /> notes at the time G f the declaration of delfauft, and reasonaMe attorney's fees as permitted by faun, <br /> (b) to all sums secured by this Securitf imArument; and (c) any excess to trio parson or peraoons <br /> legally entitled to it. <br /> ~ <br />