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<br /> <br /> <br /> <br /> <br /> <br /> <br /> 94-104691 <br /> 17. Trartsfer of the Property or a Beneficial Inter!.-A in Barr-iwer. If all or any pert of Mc Property 4►r any interrm in it <br /> is so!d or transferred tor if a bcnefic:a.i interest in Br,mwer it sold or transferred and Borrower is not a natural person) without <br /> Lender's prior written consent, Lmtfcr -tray, a► its option, require imnxdiate payment in full of all sums sccured by this <br /> Sccutity instrument. However, this option shall not be exercised by Lender :f exercise is pro4ibited by federal law as of the date <br /> of this Security Instrumeni. <br /> if l.crtdrr exercises this option, L,et►cter shall give Borrower notice of acceleration. The notice shall provide a periml of tint <br /> icsrs than 30 days front the date the notice it delivered or mailed within which Borrower must pay all mints secured by this <br /> Security Instrument. If Borrower fails to pay these : is prior to the expiration of this period. Lender may invoke any remedies <br /> pcrmitccd by this Security instrument without fur.het toticr or demand on Borrower. <br /> 18. Bormuer's Right to Reim-dote. If Botrower meets certain condir:c:-ci. Borrower shall have the right to have <br /> enforcement of this Security instrutrxnr discontinued at ztny time prior to the earlier of: (a) 5 Mlyt (or such other period as <br /> applicable law may specify for reinstatrnx :t) before sale of t;,e Property pursuant to any power of sale contained in this <br /> Security Instrument: or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) pays <br /> I..ende, all sums which then would be due under this Security Instrument and the Note as if no acceleration had occurred: (b) <br /> cures any aefcult of any other coverattts or agreements: (c) pays all expenses incurred in enforcing thim Security Instrument. <br /> including. but rct limited to, reasonable attorneys' fees; and (d) takes such action as Lender may reasonably require to assure <br /> tha: the lien of this Security Instrument, Larder's rights in the Property and Borrower's obligation to pay the sunu secured by <br /> this Security Instrument shall continue unchanged. Upon reinstatement by Borrower, this Security instrument and the <br /> obligations secured hereby shall remain fully effective as if no acceleration `ad occurred. However, this right to reinstate .hall <br /> not 7pply in the cmsc of acceleration under paragraph 17. <br /> 14. Sale of Note: Change o,' Loan Servieer. The Note or a partial interest in the Ncte (together with this Security <br /> Instrument) mz- be sold one or more times without ;prior notice to Borrower. .A stile may result in a change in the entity (kn(;wn <br /> ;~s the "Loan Servicer") that collects monthly payments due under the Note and this Security Instrument. There also may be o►x <br /> or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Lean Servicer, Rornawcr will be <br /> given written notice of the change in accordance with paragraph 14 above and applicable law. The notice will stilts the name and <br /> a dretis of the new Loan 5ervicer and the address to which p~ymcnts should be made. The notice will also contain any other <br /> information required by applicable I:gw. <br /> 20. Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any <br /> Hazardous Substances on or in the Property, Borrower shall not do, nor allow anyone else to du; anything affecting the <br /> Property that is in violation +)f any Environmental Law. The preceding two sentences shall not apply to th- presence, usc, or <br /> storage on the Property of small quantities of Hazardous Substances that are generally recognizes! to be appropHatc to normal <br /> residential u.;cs and to rnttintcnance of the Property. <br /> Borrower shaft promptly give Under written notice of any investigation, claim, demand, lawsuit or tither action by any <br /> governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental taw <br /> of which Borrower has actual krowWgc. If Borrower learns, or is natif ed by any governmental or regulatory authority, that <br /> any removal or other remediation of any Hazardous Substance affecting the Property is neceksary, Borrower shall promptly take <br /> all necessary remedial actions in accordance with Environmental Law. <br /> As used in this paragraph 20, "Hazardous Substances" are those substances defined as toxic or hazardous substances by <br /> Environmental Law and the fallowing substances: gasoline, kerosene, other flammable or toxic petroleuni products. m~ic <br /> pesticides aril herbicides, volatile solvents, materials containing asbestos or formaldchyde, and radioactive tnawrials. As uuM in <br /> this paragraph 0, 'Environmental lAw" means federal laws and laws of the jurisdiction where the Property is located that <br /> relate to health, safety or environmental protection, <br /> NON-UNIFORM COVENANTS. Borrower and LeWer further covenant and agree as follows: <br /> 21. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach <br /> of any covenant or agreement In thiv Security Instrument (hut not prior to acceleration under paragraph 17 unless <br /> applicable law provides otherwise). The notice shall specify: (a) the default; (b) the action mquired to curt the default; <br /> lcl a date. not less than 30 days from the date the notice is given to Borrower, by which the default must he cured; and <br /> (d) that failure to cure the default on or before the date specified In the notice may result In acceleration r:f the sums <br /> secured by this Security lristrument and sale of the Property. Tbc notMe shall further inform Borrower of the eight to <br /> reinstate after accrieration and the right to bring a court action to atme:t the non-nistence of a default or any Cher <br /> defense of Blorrower to zccrieration and -4. if the default 14 not cured on or before the date spemined In the Halite. <br /> Lender, at its option, may require Imme~'. -le payment in full t . all sums secured by this Security ln.+trunwrit without <br /> further dernand and may invoke the power of sale Hnd any tither remedies permitted by applicable lasv. Ironer shall he <br /> entitled to collect all expense. Incurred lit pursuing the remedles provided In this paragraph 21, Including, but not limited <br /> to, reammahle attorneys' fees and costs or title evidence. <br /> If the power of sale is invoked, "Trustee shall record a notice or dernult In each county in which airy pttrl of the <br /> Prolx•r!y is located and shall mail copies or such notice in the manner prescribed by applicable law to Borrower and to <br /> the tither persons prmribed by applicable law. After the time required by applicable law. Trustee shall Rive publi( notice <br /> of sale to the persons and In the manner prescribed by applicable law. Tirwitee, without demand on Borrower, skull sell <br /> the Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of <br /> sale In one or more parcels and In any order Trustee determines. Trustee may postpone sale of all or any parcel of the <br /> Property by public announcement at the tittle and place of any previously scheduled sale. Lender or Its deAgure may <br /> purchase the Property at any (sale. <br /> Form ,30211 11190 <br /> •rpq N nl • <br />