|
�
<br /> � . .-._:�_ - __-_--_--
<br /> „� �- -- __ : .� _:,_w
<br /> <
<br /> .. , ---- .- .-:rr.'yoili(�MI1111iY�i
<br /> :.-��=_-.. . . .. _..�- - -
<br /> -- -,.��y.,.— .�... -- =-�.,.:c_�. •- _
<br /> � 17. Yr�n�t�� of th� Prop�rty or a Bars�Hcl�l Inta�r�s� in Borrow�r. t+ w w any parc ot tn. Prop+rty or
<br /> . �ny ir+tar.ut in ii ts sold or U�ia(�rr�d (w it� t�wfici.i w�i�r►L in E►airaw+�1: soid or trinsimroJ and BwrowK ts not 4 tu!ttn! --
<br /> p�sor�) wNhout l�ndx'�Frkx wriltan canaant. l�ndar may.at Ms aptlw�,r�qu3n Ywr+�dial�paym�nt in IuY ol�M sum� Nau�d by _
<br /> Ihte S�xwriry Inztrunw��t. How�vW, tt►W apUan shap not ba �urGtW by Ut1d�t H axKClse h prohfbi:�d by hdKnl Mw�s 01 Ih� _
<br /> dat�ot thts S�cwdy k►atrum�nt
<br /> IP L�ndw wcwoltu thls opllon, lw►da� �h�Y plv� Borcow�r notic�of �cabr�lbn Th�nollc� shall provldr� prrlod ol;ol �-
<br /> Irs� than 30 day� kom th� dal� tM nWlra ia ddi�wW or maiMcl wilhi+i whlch 8onowu must pay atl wn►s s�owld by IAI�
<br /> s�uny 1n.wmmt. u 9ortow,�r tw. lo p.y�na. wn+. pna tc�h..Kvk.ua, a1 ln+.p�r+od. L«,d�r nwy Invoko �r,y rw�wcfi�. `-
<br /> potmRia.i by Ih1i Sattuityt tntkumaeil t��tt0ut ItuSh�M1Olta or oemutd on Bortowtr. `_
<br /> 18. �Orrowrr's Rt�ht to R�I�tstat�. It HarowK mwia cwtak� condiuon�. Ba'row�r ahall hav tFw riflM tu !►a�• �
<br /> �nforc«�ient of thl� SaGUt'dy MisUL�ita�rt dd�tw�t�nua.i :i r.ry�L•�psf�► ttr tho rsr'in' ol: (a) 5 �'sys (ot wCh othe[peelOd 1�! _-
<br /> ��ppYcaW�I�w m�y spacNy for nlnstatwnenq bMor�s�l�of tha Proprry purswnt to any powa�ot�atN co�wn�d Yi Ihl� S�cu►iry
<br /> (� In:Uum«►1: or (b)ontry ot�judQm�nt �ntorclny tht� Socurity InsUum�nt. Thos�condiuons u�ttuA Borr4ww. (o) p�Ya Lendar W
<br /> tums whJch thon would ba du�ut�dK thts S�CUrUy In�Gumint �nd th�Nob�s !f no �cCallr�llon hlid oCCUtrW: (b)ci►ra any -
<br /> `� det+wN ot any other covaunt or ayrawn�nta; (c1 psYs W w�p�nss� ha+rr�d In entorclnq thls S�curfry Instrum�nL Includinp, but
<br /> � not kNtzd to, nreorwWa�ttom�ys'te�s; and (d)takos wch actlon �a L�ndx may r�ssanaby nquln to auun that Ihe liw► ot = _
<br /> � thts Sacurity InsWmwit, Londer's �ights in th� Propwty and Ba►oww's oblipaUan to �y the sumc sacunol by thla S�curtry =
<br /> InsVument shall ca�Unus unciunfled. Upon �elnstatemont by BO�TOWK, thls Security InsVumant a.�d lh� obOflatto�� s�cund
<br /> � hareby shaJ ranu4i IuUy ottactivo as i!no accolraUo� had occ�+rtad hJowav�r,thls ripht to�elnstate ahal!not aFpy In the case
<br /> Cfl cf acater�tion uticbar parayraph 17.
<br /> � 19. S� ug NOtY; Ch7ngY Of L.G�an SoNICif. Tha Note or a � pariial int�rast h the Note (toyelhar wRh thla --
<br /> S4r.uri.y I�strument) may be sokf ona or moro tLnes wRhout prior noUa to Bortowar. A salo may rawtt In a changa In tha antity �
<br /> (Icnown as the 'Losn Serv+cu')that collocts monthly payir►anb dw undx the Nots and this S�cu�ity Inatrument. Then rtso may
<br /> bo ono or more chanyes oi tlie Loan Sxvk.or unralatad to a sa+� of the Nota N thw�a ta a chanqo of the Loan Servicv,
<br /> Borrowar wiY tra qivan v:ritien naUce ot the chanye in acr.ordu�a wdh para9raph 14 �bove and�pp2kabta law. The noUce wiil
<br /> .!•_t•t.h•.^.��••.�.�a ada^ea:a!Lha r.�:L^..an£,,.°:•'�::a�ri!ha addrx:ta t:l+:al:�aymrnls shauld be made. The notice m�l�o -
<br /> canLin any olher fntonn�tic.n T'eCuUod bY pAD�'�e 4w.
<br /> 20. Hazardou� Subst�cos. Bortower sha11 ne^causa or pertn�tha prosw�c�, use, dsposa, storaye, or roials. o�
<br /> any Huardous Substancas on or in tha Property. Bcrtow.r sh�L not do, nor albw anyone else to tio, anythiny atfoatinfl tho
<br /> Property that ia h vblatlon of ssny Envkonmontal Law. The precadinq two santancas st►all not apply to the presencx, uao, w
<br /> stonys on tha Rope�ty ot small quantitiea o! Hazardous S�bstu�ces that are yen�raYy recopnaed to be apprapdate to normal
<br /> rasldentlal uses and to m�kiterw�ca o!the Propeity.
<br /> Borrower .tuJ promptly qhre Lendsr wNtten notice a ac►y tnvestipatlon, daYn, denr�and, lawsuuit or oihar actlon by any
<br /> yowrtr�w►1�1 or ng�atoty ao''sncY or pAvate pwty invot�ing t,1a Propwty �nd�ny Fluidxe Subctanca or Envkorurwrstaf l.uw ot
<br /> whlch Bortower Asa actsai knowledye. If 8onowa larms,or ia notified by any q��ennnnuttal or r�ulatory authorily, that any
<br />� ranovat or ot4�w romedatio.� o! any Flazudovs Substsnc�aifactinp Pro,.^erty a necessuy. Borrowx shaY Pron'WUY take a11
<br /> n�ssary rarne9'�at ac0ons in accordance wlth Envira:mrntal law.
<br /> As us�d in this panga�-►h 20. 'Hazudous Substancas'uw thass subslances defined as toxk or haxardous subsync�a by
<br /> Environm�ntal law and the foYowiny substancas: pasomo. k�osw��, othr tfanrnahte or toxlc p�trotwm products, toKlc
<br /> pastlGdts�nd h�rblddes�volatib sotvents, matwWs contalnln� isbestos or fortnsldehyde� and radioactiv�materi�la. As usad M
<br /> parayraph 20, 'EnvironmenWl Law' mwns t�d�� lawa and laws oi tha jwisdiction whers th� Pirop�rty Is locat�d that roktt to
<br /> hWt1�,safaty or envirorunentd proi�ctlon.
<br /> NON-UNIFORM COY"tN{WTS. Bortowa�nd Lender furth�r wv�w►t and ayrw as fo0ows: -
<br /> 21. Accal�ration; Romodlos. Londo� W�aU piv� notico to Borrow�r prior to accal�ration
<br />- followin� Bonow��'s broach of au�y covonaM ar s9nam�nt tn tfda Sccurity InstrumMt (iwt not
<br /> p�ior to acc�l�atlon undar puagrsph 17 unbs:appllcaWa law pravid�s otlwrvrtse). Th� notic�
<br /> shall spscHy: (a) ttw d�fwtt; (b) tho �ctlon nquJnd to cur� th� d�fsuk; (c) • dat�. nat I�s than
<br /> 30 days trom Uw dat� ti� noHc� t:qivon to Bonow��, by whlch th� d�f�uk must � ciu�d; and
<br /> (d) tl�aR hlluro to cwa tha dofauR on or botor� t1w d�d� �p�cifl�d In th� no�ica msyt nsuft i�
<br /> accalKatlon af th� sccaza s�cur�d by thls SocuMy IndrumM! and sat� �of ttw Prop�rty►. TI� notic�
<br /> shalf turther lniorm Barrovver af ths ri�M tv winstat� �r acc�on a�d th� rigM to b+ing a
<br /> court a�tio� to sssaK th� non-axl�nce ot a d�fwtt or any oth�r d�finss of BoROw�r to
<br /> accalwat� w�d sata. ff ttw dohuK Is not cur�d on or b�fon tt� dat� sp�cffl�d tn t!w notico,
<br /> L.rrndor at ib option a�y raquiro immadiate paymant in fup af all sums s�cund by thts Socurity
<br /> l�atrun+�M without fcuthar damand and may Invoia th� powar of �al� snd any oth�r ne�dlsc
<br /> ponaittod by appticabto law. Landor shatl bo �ntiti�d to colloct all exp�ns�s incur�d in pursuin9
<br /> th� nmocilas pro+rldod tn thls parayraph 21, tncludinp, but not t�d to, r�asonaWo attom�ys'
<br /> fus snd co� of titl� evid�nc�.
<br /> If tfw paw9r o� salo is invokod, Trustoo sha11 rocord a notica of dofault in oach county in
<br /> whlch any pa�t of ttno Proparty Is locatacl and shall tnatl coplos a# wch notic� io thu rr�noor
<br /> pnscMbsd by apPlicsbi� Isw to Borrowor and to ths ottwr porsons prescribsd by apPlicaW� law.
<br /> Afb�th�tim� nqui��d by apPltcsW� taw.Tnutu shall �ivo publlc notic� o�f sat� to tt�p�na�9
<br /> � and Tn th� msno�r pr�scribod by applicabi� t�w.Trustoo,witNout d�mand on Barrow�r, st�all tall
<br /> , tlw Proporty ad puhqc auction 4o ttw hlghast baddor at tha t�mo and placo and undsr tfia tarms
<br /> das��natad tn tha no�ttco of sato in o00 or mors puc�ls and i� any orda� Truato� dobrmG�a�.
<br /> • Trustee enaZ+ P�one sals ef a!1 or an� Rsrce! of t!� Pro�ert� �; publk ennouncem�ni at the -
<br /> tirtw and plsc� of any praviausly sclwduled salo. L.ond�R w tb d�slqnN may purchas� th�
<br /> P�op�rty at any salo.
<br /> Upon rocotpt of paymant of tIw prlco bld, Trusta� shall dolivar to th� purchasor Trusta�'s
<br /> d�d convaying tha P�oparly. Tfw �acitals in th�Trustoa's d�d shail ba prima faci� ovklenco of
<br /> tho truth af tho statom�nts mada tfwroin. Trustoe shall apply tiw proco�ds of tfw sal� in tho
<br /> follawin9 ordar. (a) to all costs and expenses of axorcistrty th� pow�r of sala. and tho ssl�,
<br /> - includiny ttw paymont of ttw Trusioa's faas actu�lly incu�rod, not to oxcaod threa __
<br />= 9G of ths principa! smouot af th� _
<br /> noto at tha tim� of the decluation of defwR,and raasonabla aftamoy's�aos as pormitfod by law; -
<br /> (b) to a!I sums sQCUrad by thls S�curity Instruriwnt; and (c) any wcca�s to tha p�rsan or p�rsa�s =
<br /> Iogally enicitlad to it
<br /> � F1316.LMO(3/90) P�ye�ot 5 L�� _5.���L
<br /> 96040
<br />
|