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<br /> ' � ' � � • •�` 17.Transfe'r of ttte Property or a BeneflcIai Intere�t in Borrocser.if ali.or any part of the Property or any interest in it ` '` �' � ° •
<br /> �c °'' �� ' is soid or trensfeaed(or if a benef cial intemst in Borrower is sold or transferred ard Borrower is not a natuful person)without `� `
<br /> ° . ' • '. ` Lender's prior wretten consent. [.endet may, at its option, require immediate payment in ful! uf alt sum.s s�;cured by this . �. � , ..
<br /> = ' •, Security Instrument.Huwever,this opuon shall not be exercised by Lender if exercise is prohibited Ny federat law as of the date p �� ��•.
<br /> , �"� nFthis Seeurity Instmmcnt. ,
<br /> - , „��. If Lender exercises this option.L.�nder shall give Borro�ver notice of acceleration.'the�notice.shall provide a period Qf not �_• .° - _
<br /> - -`�t---•�_-_--`.- - Less than 3U days fram the date the notice is deliverec!or mailed~vithin which Borro�cer must pay all sums secured by this , [ _ _ _
<br /> � . . S�curity instruinent.If Borrou•er fails to pay these sums prior to the expiration of this period.I.ender may invoke any remedies -`
<br /> ; • ;., � : permitted by this Security Insauihent without further notice or demand on Borrower.
<br /> � • I$. Borno�rer's Rig61 to Reimiate. If Borrower meets certain conditians. Bomnwer shall have the right to have � ', ` ��� • _`�,' . '
<br />� . ' ` � � � enforcement of this Sec�rity [nstiument discontinuecl at any time prior t�the rarlier of: (a)5 days (or such other period as
<br />-_ - -- � `-. - • applirable law may specify for reinsta:ement) before sale of the Prnperty pussuant to any power Qt's�te cantained in this .. t ` , ._.. ' -
<br /> Sea►rity Instrument;or(b►entry of a judgment enforcing this Security Insvument.Those conditions are that Bormwer:(a)pays , ,. . .
<br /> . � : � � Lender ali sums which then w•auld be due under this Security Instrument and the Note as if no acceleradon had oceurred: (b) � �•� °
<br /> - . . � ' cures any default of any other covenar.ts at agreements: (c)pays all expenses incumed in enforcing this Security'Instrument.
<br /> , � including, but not limit�d to:reasonable attorneys' fees:and ld)takes sac{�action as L.ender may reasonably require co assure �., �.•'; ,� ; -.`
<br /> ; ' that the lien of this Security Iastrument,l.ender s rights in the Property and Sorrower's abligallon ta pay the sums secwred by �
<br /> �. , �' this Security [nsuument s�all continue�unchanDed. Upon reinstatement by Borrowrr, this Security Instrument and the , �"� •
<br /> - ' . • obligations secured hereby shal!remain fully effecave as if no acceleration had ocxurred. However,this right to reinstate shall .,... •
<br /> ' not apply in the case of acceterauu�under paragraph 17. � . �
<br /> + 14. Sale of hote; Change of Loan Servicer. The•Note or a partial interest in the Note Etogether with this Security _ • ; , •
<br /> � Instrument)may be sold one or more times without prior notice to Borrower.A sale may result in a change in the entity(kno�w • . ����•'
<br /> ; . � � '. � ' as the"Loan Servicer")that collerts monthl aymenu dae under the Note and this Securi Inst�ument.There also may be one . • ��• �" �
<br /> °�' - ' . '- ;, � ��•` or more chan�es of the Loan Servicer unrelat�to a sale of the I�Tote.If[here is a chan e of the Loan Serricer.Borrower will be � ' • -- -
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<br /> g�ven wntten notice of ffie change in accordance witI�paragraph 14 ahiroe and applicab7e law:The notice wi11-scate th�tL'�mte�trd---:-����� --� � �
<br /> _ ; � address of the new Loan Servicer and the address to which payments�hould be made. The notice wi�t atso contain any other •
<br /> �- . �� � infonttation required by applicable taw. �. `'W ��
<br /> -• • � 14. Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal. storage. or release of any '���+� "
<br />� : Ha7ardous Substances on ar in the Propeny. Soaower shall not do. nor allow anyoae else to do, anything affecting the __
<br /> -` � -� Prapecty that is in viaiatian of any�nvironmental Law. The preceding two sentences shali,not apply to the presence,use:or- `
<br /> � , , storage an the Pruperty of smill quantities of Hazardous Substances thaf are generally recognized to be appropriate to nom�al � �; ��`, . �
<br /> - . . cesidential uses and to maintenance of the Propert}r. ;_: • ' . ' � ,;� '
<br /> _ � ' Barra�ver shall pramptly give I.ender written notice of any investigation, ciaim, demand, laevsuit orpl��er action by any
<br /> • - govemmental or rcgulatory agency ar pmate paRy invalving the Property and any Hazardous Substance or 8't►,�ronmental Lacv � -
<br /> , 'of which Bonower has actual knowledge. If Borrawer learns,or is notified by any govemmental or regulatory� thority.that , ��.�;
<br /> � � � any temoval or other remediation of any Hazardous 5ubstance affecung the Property is necessary. Bornawer shall�bmpdy take • •.•.,�
<br /> � , all necessary remedial actions in accordance with Environmental Law. �` � ,,� .
<br /> •• � : • AS used in this para�raph 20, "Hazardaus 5ubstances":ue those substancer,deftned as toxic or ha7ardoas substances by .
<br /> � . ' , Environmentai Law and the following substances: 'gasoline, kerosene. ather flammable or toxic peiro(eum products. IOAfC ' 'f��
<br />_ -- -� -- � �.. - - pesricides and herL+icides,vutatite soivents,matcrials containing:ube�tos or formaldehyde.and radioactive materials.As used in , . �•t�:
<br /> �. . . ,� this paragcaph Z0. "Environmental La�d' means federal iaws and laws of ti�e jurisdicti�n where the Property is tocated that a�`
<br /> ; • � relate to health.safety or environmental protection. • ' . .�x�,�=
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<br /> . • • NON-UNIFORM COVENANTS.Borrower and Lender further covenant and agrce as fallaws: ' ���''-
<br /> - • Zl.Acceleratton;RemedIes.Lender shall give notice to Borro�ver.prior to acceleration foliowin�;Borro�ver's breach ,:��_
<br /> ' ot any covenant or agreement in this Securtty Im4rument (but not prior to acceleratlon under parsgraph 17 untess ., ,.:�: ;
<br /> , . , ppplZca6le law pravides otherwlse). The notice shall specify: (a)the default;(b)the actton required to cure the defauft; ' _`-��:� ,
<br /> � � (c)a date,not►ess than 30 days from thc date the notice is given to Borrnwer.by�vhtch the defpWt m�st be cured;and . '
<br /> . . '. (d)that faUum to cure the detault on or before the date speciiied in the notice may result tn accelerntion of the sums � „ � . _.�,.-,;�:;
<br /> � ' secured by this Securit� tnstrumeni and sa[e oY the PropeMy. The notice shall further inform Borrower of the right to ��*�:r. .
<br /> - � `• reinstate after IIcceleratlon and the ri�ht to bring a eouri action to assert the no�t-existence of a default or any other . . ��>=^=
<br /> .. ' defense oP Borro�rer to acceteratlon and sale. If the defauli is not cured on or before the date speci6led in the notIce, �,;; }'�
<br /> � _� I.ender, at its option.may require immediate payment in full of all sums seeured by this Securlty [ostrument�vithout , • �. ••.
<br /> � further demand and may invake the po«�er oi sale and any other remedies permitted by applicable law.i.endee sha11 be � � • " ,
<br /> •; . � entitled to collect all expenses incurred in panuing the remedies provided in this paragrapl�21,including,but uot limited � . �'� -
<br /> � ;, . . . :_ to.reasonable attorrteys'fe�s and costs of title e�•idence. � _ ., _ ., __ '
<br /> �• If the pou•er oY sale is invoked.Trustee shall record a notice of default in each caunty in w61ch any part of the
<br /> � � Property is lacated and shall mail copies of such notice in the manner preseribed by applieable law to Borrower and to . ,
<br /> . . the other personc prescrlbed by applQcable law.After the time required by applica6le la�v,Trustee shall�ive public notice ..
<br /> „ ' � of sule to the petsons and in the manner prescribed by applIcable la�v.Trustee, �ti•ithout demand on Borrower,shatl sell •. . „ .
<br /> � . � the Properl�at public aucitun to the hi�fiest Didder at the time and place and under the terms desl�nated 1n the nottce of .
<br /> � '��'� • � sale in one or more parcels and in any order Trattee determines.Trustce mr�y pasipone sale of ail or any Qurcel or the
<br /> ,. . � ' Property by public unnourtcement at the time and place of any prevtously scheduled sale. l.ender or its deslg�ee may " .
<br />. � . .� , purchase the Property at any sule. ,
<br /> � �.� _:.__. � . � , ,
<br /> � � � . � Form 3U28 9/90 •
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