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<br /> � '��'�'�`•.�'�• � �17.Tran4ter ot lhe Property or a Beneflclal Intereat in Bomower.If�11 or any pert of the Property or any interest in it c �
<br /> a` . �� ie sold or tronsferred(ar if�bc��cial interest in Borrower is sold or transferrod and Borrowcr is not a naturel person)wlthout �
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<br /> "�• =�x �• •Lender's prior wrltten wnsent, i.ender may, at its optian, rcqulre immediate payment in full of all sums secured by this
<br /> " .. ��" `'� '���'� Secu�ity Instrument. However,this option sball not he exercised by[.ender if exercise i�prohibited by federal law as of the date
<br /> � :.. �. .
<br /> 5, , ,,��„ of this Security Instrument.
<br /> •�`�`�� � • If Lender exercises lhfs option,L.ender shall give Borrower notice of acceleration.The notice shall provide a period of nat
<br /> j� � �'i:f less thnn 30 days from the date the notice is delivcred or mailed within which Borrower muat pay all sums sacured by this
<br /> "°" Security lnstnimcnt. If Borrowcr fuils t�pay these sums pdor to the expiration of this period,L,ender may invoke any remodien __ _
<br /> �..`°.Y�`. � - _-_---
<br /> '� �•"�' °n:"��J;�fw permitted by this Security lnstrument without further notice or demand on BoROwer.
<br /> j�� „ l8. Borrower's RigAt W Reinslate. If Borrower mcets certain canditions, Borrower shall have the rlght to have
<br /> � � enforcement of this Sccu�iry Instrument discontinued at eny time prfor to the earlicr of: (a) 5 days (or such ottier perlod as
<br /> �;��, ; - . applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this
<br /> --'�;-�-'� . � Security Instrument;or(b)entry of a judgment enforcing�his Security Instrument.Those conditions are that Borrower:(a)pays
<br /> •• :r�� Lender all sums which tben would be duc under this Security Instniment and the Note as if no acceleration had accurred;(b)
<br /> --�-_� 't• � . -- �,. cures uny d�fault of any ather covenants or age�eements;(c) pays all ex�enses incurred in enPorcing this Security Instrument,
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<br /> = ,w;.,,�yj;. ;.::.. A• including. but not limited to. rcar+�nable attomeys' fees; and(d) takes such action as Lender may reasonably require to assure —
<br /> :z,�= ��. � that thc licn of this 5ecurity Instnrment,i..endcr's rights ia thc Property and Borrower's obligation to pay the sums secured by
<br /> _ .�y� ._�.�:. � thia Security Instrumene shall c�ntinuc unchanged. Upon reinstatement by Borrower, this Security Instrument and the
<br /> �,�,eo-��:- �' .�� obligatio7s secured hereby shall remain fully effective as if na acceleration had occurred. However, this right to�elnstate shall
<br /> �ot apply in thc casc af acccleration undcr paragraph 17.
<br /> ---- • • ••� . 19. Sale of Nole; Change of I.o�n Servicer. The Note or a partial interest in the Note (togett�cr with thia Security
<br /> —�'�_ .,.:�+�j._a Instnimenq may bc sold one or more times without prior nat3ce to Borrower. A sale may result in a change in the eMity(lu�own
<br /> � as the"Loan Servicer') that cullixta monthly payments due under thc Note und this Sccurity Tnstrument.There also may be one �- - -- --
<br /> -�'-�'�,� . " or morc changcs of thc Loaa Servicer unrclated to a salc of the Note. Ii thcre is a change of the Loan Servicer, Borrower will be �-�--------
<br /> -:P� +�° � • , �` given written noticc of the changc in acwrdAncc with purngraph 14 abovc and applicable law.The noticc will state the nart►e and ��
<br /> • .' " addrexs of Ihe new Loan Servicer and the address to wt�ich payments should be made. The notice will also contain any other ��
<br /> `�' infurmation requi�ecl by applicable lew. �--�
<br /> �kr � � " , ?A. H�rdous Substance�. Borrower shall not cause or pennit the presence, use, disposal, srorage, or release of eny ,,
<br /> ''_�•• - ��'�•• Huzardous Subslances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything aiPecting the
<br /> ,1.. '��.-�.�_Y..
<br /> ` 'F' Property that is in violation of any Emironmental Law. The preceding two scntences shall not apply to the presence, use, or F_ ,�}T_
<br /> :�� • �.� storage on the Pn�pcny of small quontities of Hwardous Substances that are generally recognized to be appropriate to norn�al 'i�
<br /> �:� • ��' msidentiel uxes and to maintenancc of the Property. -_---
<br /> � . � Borrowcr shall promptly give Lcnder written noticc of any investigation. claim. demand, lawsuit or other action by any
<br /> �-•'�" . ' governmen�al or rcgulatory agency or private party involving the Property a�d any Hazardous Substance or Environmcntal Iaw
<br /> �` � .,.._�� ::,•. of which Honower has actual knowledge. If Borcower leams,or is notificd by any governmental or regulatory aulhoriry. that
<br /> - - � --� any rcmoval or�xhcr rciudiutiuu uf n�iy fiaaar.ious Substancc affcciing shc!'roperty':s ntxcssary.Sorm�:cr shs!!promptly!alcs --
<br /> ° � all necessary remaiial actions in uccordonce with Enviroomental Law. �„�_N;.
<br /> s-" " As u�;ed in this paragmph 20, "Hauirdous Substances" are thosc substances defined as toxic or ha�ardous substances by
<br /> '� � �� „ Environmentnl Law and thc following substance�: gasdinc, kcrosenc, othcr flammablc or toxic pctrolcum products, tuxic �,
<br /> ;nQ.,; "�;; " pesticides and herbicidcs,vols�tile solveMs, muterials containing asbestos or formaldehydc,and radioactive materials.As used in
<br /> _ __ .�i this parogrnph 20, "Environrncntal Law" mcans fedcral laws and laws of Yhe jurisdiction where the Property is located that �`_��� `.
<br /> - - ,. rclate to health,safety or envimnmental prntcction. _ �
<br /> - ' NON-UNIFORM COVENANTS.Borrower and LA:nder furthcr covenant and agrec as follows:
<br />---L ' 21. Acceler+�tion; Remedf�.I.ender shall give notice to Borrower prlor to acceleradon following Borrower's breach '�` '`- '���
<br /> �'' �� , �' '' oP any covenant or agreement in thls Securily lastrument (but not prlor to acceleration under ppragraph 1? unless �J'�^'l'�" �
<br />_ '"' °' � a Ilcablc law rovides otherwise). The natice shall s ii • (a) tNe default; (b) the action alred to cure lhe default• ��"'-"'"
<br /> _ • PP P Pec Y• re9 ' ��_" -
<br /> ` (c)A date,not less tb�n 30 days i'mm the date the noUce I4 given to Borrower,by which the default must be cured;�nd ��=•'�"=`M
<br /> ����-
<br /> ' (d) that failure to cure Ibe deFaull on or bePore the dote speclfied in the notice mAy result in acceleratlon oP the sums _.
<br /> _...�� secured by this Security Instrument and sale of the Property.Thr notice shall i'urther inform Borrower of Ihe right to "`"�`_`'�_
<br /> T.- 1� reinstpte afler acceleration and thc right to bring a court acUon to nsse�t the nomexistence of a default or any other ""�'"��:-.�;
<br /> ' � defense of Borrower to acceleratlon and sale. IP the default is not cured on or bePore the date specified in the noUce, ' v"`�"''`•. :_
<br /> �r � '��'° Lender,at its optiun, may require immediate payment in full of all sums secured by this Security Instrumenl without '` ��`� _
<br /> ' " ���� ' further demand and may Invoke Ihe power of 4ale and any other remedic.s permitted by applicable IAw. Lender shall be
<br /> entttled to rnllect all expense.s Incurred in pursuin�the remedies provided in this paragraph 21.including,but not limfted �.- -
<br /> . •a. - to.reasonable altorne s'kes And costs of title evidence. �1��`
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<br /> � � If the power of sale iti invoked.Trustce sh�ll r�mrd a notice oP default in each county in which any part of the ;,�a Y;+,�
<br /> --.,� � � P r operty i s locs�t e d an d s ha l l ma i l cop ies n P suc h no t ice i n t h e m e n n e r p re s c r l b e d b y a p p l i c a b l e l a w t o B o r ro w e r a n d t o �• _. :, .
<br /> ,�s��`.� the other pe�son4 prescrlbed by applicable law.Ai'te�the time required by applic�ble law,Tructee shall give publlc notice -=s"a�-�
<br /> � " o�sale to the persons and in Ihe manner pr�cribed by applicable law. Trustee. without dem�nd on Borrower,shall sell �--�""'r'
<br /> ' „ the Properly�t public auction lo the hlahest bidder at the tfine and place and under the terms designoted in the notice of a�_
<br /> ' . " sple in one or more parals and in any order Trustee determincs. Trustee may postpone sale of all or any pnnrl of the T
<br /> " Property by public annauncement at the time and place of rany previously scheduled salr. Lrnder or its designee may . . "_
<br /> „ � ': pu rc M a s e Ihe P r o p erty at any sale. p
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<br /> } form 3028 8180 �
<br /> . ' Pp�b al 8 �
<br /> � MC-3019-NE/5 t
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