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200605016 reinstatement) before sale of the Property pursuant to any power of sale contained in this Security Instrument or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) pays lender all sums which then would be due under this Security Instrument and the Contract as if no acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrument. including, but not limited to, reasonable attornays' fees; and (d) takes such action as lender may reasonebly require to assure that the lien of this Security Instrument, lender's rights in the Property and Borrower's obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by Borrower, this Security Instrument and the obligations secured hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraph 14. 16. Hazardous Substances. Borrowar shall not cause or permit the prasance, use, disposal, storage, or relaase of any Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Property that is in violation of any Environmantal law. The preceding two sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazerdous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property. Borrower shall promptly give Lender written notice of any investigation, cleim, demand, lawsuit or other action by any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental law of which Borrower has actual knowledge. If Borrower learns, or is notified by any governmental or regulatory authority, that any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrowar shall promptly take all necessary remedial actions in accordance with Environmental law. As in this peragraph 16, "Hezardous Substances" are those substances defined as toxic or hazardous substances by Environmental law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As used in this paragraph 16, "Environmental law" means federal laws and laws of the jurisdiction where the Property is located that relate to health, safety or environmental protection. 17. Acceleration; Remedies. Lender shall giva notice to Borrowar prior to accalaration following Borrower's braach of any covenant or agrllment in this Slcurity Instrument or the Contract under which accellration is permittad (but not prior to accelaration under paragraph 14 unllss applicable law provides otherwisl). The noticl shall specify: (a) the default; (b) the action rlquired to curl thl dafault; (c) a dete, not less than the minimum number of days established by applicable law from the date the notica is given to Borrower. by which the dafault must ba cured; and (d) that failure to cure the default on or before the date specified in the notica may result in acceleration of the sums secured by this Security Instrument, and sale of the Property. Tha notice shall further inform Borrowar of the right to reinstata after accelaration and the right to bring a court actio"n to assert tha non-existence of a default or any other defense of Borrower to acceleration and sala. If the dafault is not curad on or befora thl date spacified in the notice. Lander, at its option, may require immediata payment in full of all sums sacured by this Slcurity Instrumlnt. without furthar damand. and may invoke the power of sala and eny other ramadies permittad by epplicabll law. Landar shall be antitled to collact all expansas incurrad in pursuing the remadies providad in this paragraph 17. including, but not limitad to, reasonable attornays' fles. and costs of titla avidence. If the power of sale is invoked, T rustle shall racord a notice of default in aach county in which any part of the Property is located and shall mail copies of such notice in the mannar prescribad by applicable law to Borrower and to the other persons prescribed by applicable law. Aftar the tima raquired by applicable law, Trustee shall give public notice of sale to the persons and in the manner prescribed by applicable lew, Trustee, without demand on Borrower, shall sell the Property at public auction to tha highast bidder at the time and place end undlr the terms designatad in the notice of sale in one or more parcels and in any order Trustae determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at tha time and placa of any praviously schaduled sale. Lander or its designll mey purchase the property at any sale. Initials Ini ials Initials By initialing, I acknowledge this is page 5 of 7 of the Deed of Trust. @ Copyriuht Compli.nco Svstom" Inc" 1994, 19B5. 19B7, lB99. 2004 ITEM423NEl5 104111 Pouo 5 of 7 www.cnmpli.nC8systlms.I:Dm UOO.9BB-B522 res .1..95B-' BBB