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<br /> �-= � ` , , • ' • 1T. Teansfer of 4he Property or a Beneficial 4Merest tn Borrower. tt a�i or nny part ot the Propeny or ;� ,`�;�;
<br /> '_----_ --- ._ " any itrterest tn it is sotd or transterted(or H a benefidal interest in 8orrawer fs sold or trznsterred and 8orrower Is not a aaL�ral c c �:-.
<br /> - ,��� � y immediaie paymenf in tuti of aSi sums seaued by
<br /> r persan}without Lend�s prior written consent Lender ma,at its op4ion.re4uire —�—�r;�.: '
<br /> ' • � this Searfty Inshument However.thts option shaU noi be exercrcised by Lender ii exerdse is prohibited by tederal taw as ot the� ;'
<br /> � . .. date of this Security lnstrument.
<br /> . B Lender acedses tAis option. Lender shaD give Bocrower noUce of accelerat[on. The notice shall provtde a perEod af not � � � '` 'ti�•:
<br /> ` � � tess then 30 days from the date the notice is defivered or maIled within which Borrower must pay alf sums seeured by tht� ' t,,;
<br /> ` . • . '�''�' Securiry Instrument B Boaower ta7s to pay these sums pdor tv the e�iration of t4is pedod Lender may invake any remet5es� ,,c� .; • .
<br /> . � � � ' permitted by ihls Securfty tnstre�ment without turther noUce or demand on BoROwer. � � , L`f
<br /> - - • 18. Borrowe�'s Rigltt to ftetnstate. It Bortower meets certain condidons. Borrowes shall have the dght to have0
<br /> enforcement o1 this Security tnsUumest dscorttinued at any Ume prior to the earii�of: (a) 5 days (ar sueh other period a�
<br /> - , appitca6le law may spea(y tor�einstatertent)before sate of the ProPedy Pursuant to eny power of sate co�alned in this Security� �� •...
<br /> �!•-^-''.` (nsdvmenk or(b)enby of a jud�nent enforcing this Security Instrumert. Those conddlons are that Borrower. (a)pays Lender sU i� �
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<br />- - -- -- sums wflich lhen wouid be due under tfiis Security inshument end tHe Note as if no acceteration had ocarred: (b)ai�es any -`�+-` _
<br /> . detault of eny other covenant or agreemenis: (c)PaYs sil e�enses incuRed in entordng this 3ecur(ty inst�uumen� inGuding.but :`. -
<br /> . not Gmited To.reasonable attnmeys'fees:and (t�takes such adtan as LP.nder may reasonabry require to assure that the lien of � �
<br /> , this 3ecur[ty Insbumertt. Lender's �ighis In the Property end Borrower's obGgation to pay the sums secured by this Ser,urity► y
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<br /> � r Instrumert sh�0 cartt3nue unchanged Upon reinstatane� by Borrower. this Security MstrumeM and ffie obfigatlons secured ,. , �"�. ;.
<br /> ' • hereby sha0 rematn tutty►ef�ecUva as it no scceleradan had occu�red. However,this rigM to reinstate sha0 not apPly tn the wse . •, .y
<br />' t of acc�ation under paracyaPh 1T.
<br /> ` � J 1S. Sale o! Note; Change of Losn Sen►ieer. The ntote or a a partiat interest in the Note (together with this =� `-_
<br />• , f`f gecurity Instrument) may be sold one or more Ursres without prior notice to Borrower.A sale may result in a change in the entily �,�.�._�
<br /> ,� _ (Imown as the'Loan Servicer')that colieces morrthly payments due under the Note and this Securiry Instmment. 7here atso may ,x
<br /> '` ' ' be one or more ehanges of the Loan Servicer unretated to a saie oi the Nota If there is a change of the Loan Servicer. .__
<br /> - Borrpyye�w�D 6e giyen written not�ce of the change in eccardance with para�aPh 14 above and appliiable Iaw. The notice will
<br /> � � - state the nama and ad�ess ot the new Laan Servicer and the address to which paymerds ahould be made. The notice wiU aiso .
<br /> .. �"� contain anY oiher irtfortnaUon required b31 aPPGca6le�law. 4_
<br /> , . �� 20. HffiArdous Sub�tdttCes. Borrower shafl not cause or permit the presence. use. disposai,starage. or retease of t _—
<br /> :, • � -- - • azry Hazardous Sufos�nees on or in the Propedy. Borrower sha0 not do.nor atlow enyone efse to do,anything aftectin9 the
<br /> , property that is in violation o!any Environmer�l iaw. Tha Preced'N9 two sentences shall not apply to the presence, use,or �, �,�
<br /> • � storage on tha Properly of srtiai!quantitles of Hazardous Substances that are genwatly recognized to be approprlate to narmal �•, ,,, w,.,
<br /> . ,� � residential uses and to mahdenance ot tfie Property. ,.°, .`.
<br /> ' ��4. Borrower shaU promptiy give Lender written noUce af eny investlgatlon, ciaim. demand, Iawsuit or other acUon by any r�
<br /> , - govemmerrtAi or regulatory agency or private parly invoNing the Praperty and any Hazardoua Substance or Envhonmentel Law of 4_.�,a,,_R•
<br /> _. � 'F�, which Bonower has actual knowledge. if 8orrower tearns. or is notifted by any govemmental or regulatory authorfty.that anY cr��,
<br /> � � removal or other remediaticn ot arry Hazardous Substance aftectin9 ProDen7l is necessary. Bortower shall promptiy take aU �,_
<br /> '.i: necessah!r�nemal actlons�►accordance with Emlronmetrtai Law. .r �, :`"'�--
<br /> As used in this psragraph 20, •Hemrdous Substances'are those substareces detined as toxle or hamrdous substences bY ,,.-�.`
<br /> `'� � � - Environmental Law and the toQowfng substances: gasoUne, kerosene, other flammable or toxic petrnteum produc�. twdc ,.'i_�:-
<br /> : ` , r��t pesticides and herbicides.voiatlie soNents,materiats containing asbestos or fortnaldehyde,and radioact[v�m��iats���us�ed� • . "
<br /> � paragraph 20, 'EnvUonmental Law' means tederal laws and laws o1 the jurisd(dton where Ne PropeRy -
<br /> � heaith,safery or environmental protection. >:�, '��-``
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<br />••• � • �' NON-UNIFOAM COVENANTS.Bortower and lender lurther cavenant and agrea as foUows. .r:•:.. -:�;5�-;
<br /> '�r; � • - - 21, Acceteratton; Remedies. Lender sl�ail give natice to Borrower prior to acceteratton _
<br /> .. �.:�:-
<br /> foilowing Borrower's breacb of any covenant or agreement in this Security Instrument (b�t no4 • . _-
<br /> - . ' prior to acceteratton under paragrapfi 17 unles.s apptica6{e !aw pravidas otherwise). The notice .,V':-:�-;=:
<br /> , � .. shatl specHy: Ia) the ad�faut� (b� the action required to cure the default; (c) a da'te, not tess than •. �,�;
<br /> 30 days trom the data the notice is given to 8orrower. by wh2ch the defautt mus4 be cured; and �_..
<br /> � � � = (d) that failure to cure the defauft or� or before the date specffied in the notice may resuR in , _ �.�:-
<br /> �.''�'' acceleratton of the sums secured by this Security InstrumeM and sate of the Property. The notice . .�,���=
<br /> � '� shalf further i�orm Borrower of the right to reinstate after acceteraUon and the dght to bring a �
<br /> ;,,� H court actlon to assert the non-�xistence of a defautt or any other detense of Borrower to °:�;,;�: � ,; -
<br /> - ' � � � t: acceferatlon and safe. M the delault is not cured on or before the dato specffied in the �ottce, .:'��_�. ��:
<br /> '_ � � Lender at its optton may require immediata payment in 4u11 of a11 sums secured by thls Secnrity . :
<br /> � � Instrument wilhout iurther demand and may invoke the power of sale and any othor remedtes •
<br /> ' � � permitted by appilcable law. Lender shall be entitted to collect all expenses incurred in pursuing ,..:�, , .
<br />� ��. � the remedies prwided In thia paragraph ?.1. Includir�g, but not limitosf to, reasonable attorneys'
<br /> � „ feea and coste of title evtdence. ,�
<br /> � � If the power ot safe is invoked. Trustee shaU record a no4ice of de9sult in eacfi county in . :
<br /> whtch any paR of the Property is located and shatl ma11 coples a! such aotice in the manner , ••
<br /> .;.;.�a , prescribed 6y appllcabte !aw to Borrower and to the other persona prescribed by appficable law.
<br /> Aftor the time required by appiicable law.Trustee shall give public notice ot eate to 4he persons ;•�
<br /> �� - � and in the manner presc►ib�d by applicable lavu. Trustea. wlthoul demand on Bonower,ahall sell �'��' � :
<br /> . ' � the Property at public auction to the highest 6ldder at tha time and place and under the terms '� ,
<br /> . destgnated in the notice of sale in one or more parcels and in any order Trustee determines. . :
<br /> • °� . Trustee may postpone sale o! all or any parcel of the Property by public announcement af the ..
<br /> . . Nme and place o9 any prevlously scheduled sa1e. Lender or its designoe may purchase the ,
<br /> . ' iaroperty at any saEe. �-
<br /> � Upon recelpt o! payment of the price btd. Trustee shall deliver to th0 purchaser Trustee's
<br /> � . deed canveying the Property.The recitals in the Trustea's deed shail be prima facle evidence of
<br /> � the truth cf the statements mad� therein. Trustee shail aSply the proceeds of the sale in the
<br /> � foflowing order: (a) to all costs and expenses of exercising the power of sale. and the sale,
<br /> � . � � including the payment of the Trus4ee's fees actuatly incurred. not to exceed three _
<br /> % ot the principal amount of the
<br /> ' note at the time af the declaration ot default, and reasonable attorney's iees as permitted by law:
<br /> ' � � (b)to all sums secured by this Security Instrument; and (c) any excoss to the person or persona .
<br /> :•� �,� . legally entitled to it. • , ; �
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