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<br /> : �17. Twans6er ot'the Froperty ar a Reneticia!interest in Barrower. If all or any part of th�Property or any intcrest in it
<br /> is sold dr transferred (or if 3 beneficiai interest in $qrrower is so6d or transferred and Etorrawer i5 tlot a natur'al persot►)without
<br /> Y.ende�'s priar written cvnsent, lr.ndcr may, at its option, reyuire imzr�liate payment in fuli of all sums sacure� by this
<br /> Sacurity It►stnamcnt. Howevcr, this option shall not be exercised by Lender if e�ercise is prohibitcd by icdcral law as of thc datt
<br /> pf this Security lnstrument.
<br /> ]f L.ender exercises this option, L.endcr shal! g�ve Bcfrrower noticc of acceleration. The natice shall pravide a period of not
<br /> less than 30 days from the datc the notice is deliverc�i or mailecl within which $orrower must pay all sums secured by this
<br /> ScxL`-rty Inst�mcnt. If Borrowcr fails ta pay ehese sums prior to thc cxpiratinn of this period, Lender may invoke any remedies
<br /> permitt�;;i by this Security lnstrurnent without further noYice or demand on �onower.
<br /> IS. Barrower's giight to R�iristate. If Borrower me�ts cer[ain cvnditivns, Bormwer shal� have the right to have
<br /> Pnforcemcnt af this SecUrity tnstrument discnntinued at any time prior to the earlier of: (a) 5 days (or such other peripd as
<br /> applicabfe law rnay specify for reinstatement) bcfore sale of the Pranerty pursuant to any powe� of sale cantained in this
<br /> Secnrity Ir,s�rument; or(b)cntry of a judgan�nt enforcing this Securiry ?nstrument. Those conditions ar�that Borrower: (a) pays
<br /> Lender �I1 cums which then would bc duc ander this Security Znstrument and the Note as if no acceleration had accurred; (b)
<br /> cures ariy deiault of any other covenants or agreements; (c) pays all expenses incurre� in enforcing this 5ecurity Instrument,
<br /> including, but not limited to, rea.sonable attorneys' fees; and (d) talres such action as Lcnder may reasvnably require to assure
<br /> that the lien of this Security Instrumcnt, Lcnder's rights in the Property and Borrower's obligation to pay the sums secured by
<br /> this 5ecurity Tnstrument shail continue unchanged. Upan reinstatement by $orrower, this Security Instrument and the
<br /> obligations sccurcd hereby shall remain fully effcctive as iF no acceleration had accurred. However, this right to reinstate shall
<br /> not apply in thc casc of acceleration under para�raph 17. '
<br /> 19. Sale of Nute; Charzge of Lr_�n Servicer. The Nate or a partial interest in the Note (together with this 5�urity
<br /> Instn;mcnt) may bc sold�ne or mare timcs withaut prior nptice to Borrower. A sale may result in a change in the entity (known
<br /> as thc "Loan Servicer") that collects monthly payments due under the Note and this Security Instrument. Thcre also may !�e ane
<br /> or more changes of the Loan Servicer unrelated to a sale vf the Note. Tf there is a change of the Loan Servicer, Borrower will be
<br /> given written notice r�f the change in accordance with paragraph l$ abave and applicable law: T'he notice will state the name and
<br /> address of the ncw I.oan Servicer and the acidress to which payments shauld be made. The notice will also contain any other
<br /> information required by applicable law.
<br /> 20. Harardo!�s Substanccs. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any
<br /> Hazardous Substances on cr i�� thc Prvperty. Sorrower sr�all not do, nor allow anyone else to do, anything affecting the
<br /> Property that is in violation of any Environr.�ental Law. "T'hc precedin� two sentenees shall not apply to the ►�resence, usc:, or
<br /> storage on thc I'ropr�•ty of small quantities of Haz.arcinus SuSstances that are generally recognized tv be appropriate to normal
<br /> residential uses and ta maintenance of tl�c Property.
<br /> Borrower shall �,r�r>>pily give Lendcr written notice•of any investigation, claim, demand, lawsuit or other action by any
<br /> gavcrnmental or regulatory agency or private party involvin�the 1'roperty and any Hazarde�us Suhstance or Environmental !_aw
<br /> of�r�hich E3orr�wer has actual knowledgc. If$orrbwer iearns, or is nptified by any governmental qr regulatory autharity, that
<br /> an-y remova! or othcr remecl�ation of any Ha7.ardous Substance affecting the Property is ner�essary, Borrower shal! promptly take
<br /> all necessary remedial actions in :icco:dance with Environmental Law.
<br /> As usec� in this parag�aph 20, "Ha7,ardous Substances" are those su6stances definad�as toxic or ha�.ardous substances by
<br /> Envirn�mental L.aw and the follov.in� substanccs: gasoline, kerosene, o��er tlammable or toxic petroleum praducts, toxic
<br /> pcsticides and herhicictr<, vc�la�i?�.solvents, materials containing asbestos or formaldehyde, and radioactive materials. As used in
<br /> this paragraph 20, "E::.v:.��ur�•,tal i_aw" means federal laws and laws of the jurisdiction where the Property is lecated that
<br /> relate to :�r��!th, safety ���c,c���ir��nmentai �!rotcction.
<br /> NQP' .,:dlf"�pTtl�; i�;' /ENANTS. ..orrowcr and Lendcr fuRher covenant and agree as follows:
<br /> 21. Accclerat,6c,n; �i;��r��dies. Lender�hall �;►ve �ttotice to Borrower prior to accelerati4n follawing Borrower's breach
<br /> of any covenanR or agxyeQmeni in this S• ••.'-,• Tns:��ment (but not prior to acceleration under paragraph 17 unless
<br /> appticable law provides othcrwise). ThG :.;,'.i�.� s�ai1 :�,�:��iCy: (a) the default; (b) the action require� tq cure the default;
<br /> (c) a date, not less than 30 days from the date the notice is �iven to Borrower, by whic�n the default m�u,st be cured; and
<br /> �d) that Failure ka cure the deCault un cr �.ore the date speci�ed in th�e notice may e�esult in acceleration ot .he sums
<br /> sccarcd by khis Security Instrument and sale oC the Property. The notice shall further inform Borrower af the right ro
<br /> reinstate after acc�leration and the ri�ht to b�ing a court act9on to assert the non-existence of a default a� any other
<br /> defense uf Bnrr:�wer to accelcration and sale. If the default is not cured on or before the date specitied in the nnti�e,
<br /> I.ender, at its vption, rtray reyuire immediate payment in full o[all sums secured by this Seeutity IrLStrument without
<br /> furthcr demand and may invoke the �ower of salc and any other remedies p�nmitted by upplics6le Ixw. L,ender shall be
<br /> entitleci to collect all expenses incurred in pursuing the remedles pro�idect in this paragraph 21, including, but nat limlted
<br /> to, reA.SOnabie attn.rneys' fees and cnsts pf title ev9dence.
<br /> If the �ower of sale is invokeLd, 'I'rustec shall recor� a notice of default in each county in which any part at the
<br /> Propr.rty is IocaCed and shall mail capics of such notice in the mai�ner pirescribed by a��!icRhop !aw tn Bqrrd�•er and to
<br /> the other persuns prescrobed by applicable law. After the time required by applicable law,Trustee shall give pu�lic notice
<br /> nf sry�,e tu the per�sons and in the manner prescribed by applicable law. Trustee, wlthaut demand on ldorrower, shall sell
<br /> the ir'roperty at public auctinn to the highcst bidder at the time and place and under the terms designated in the notice of
<br /> sale in ane Qrr mc�re parcels and in any order Trusf.ee determines. Trustee may postpnnc sale of all or any parcel of tht
<br /> Property by pub�ic announcement at the timc and place of any previously scheduled sale..Lender or its designee may
<br /> purch�se the Property at any saNe.
<br /> Fwm 3028 9/90
<br /> ' ���a�a
<br /> MC�Q19-NE/5
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