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<br /> . 17. Trensfer of tho Property or a Beneficial Interest in Bo►rowor. it au or any part of tho Properry or ,
<br /> I any �nterost m R ts sold or ir3nsferrnd (or (f n beneficial Interest in Borrower is sold or trensferred end Borrower is not n nnturol '3
<br /> � perr,on) wlthout Lender's prlor wdtten consenl Londer may.at Its optlon.requlre ImrnMipte puyment In lull ol nll ,ums secured by r
<br /> � thls Socurity Instrumenl. Howover, lhis optlon shall not bo exercised by Lender If exercisa Is prohibited by fnderal law as ol tlio � ,=
<br /> dnto of this Securily Instrument.
<br /> II Lender oxercl�os Ihis optlon. Lander shall c�ivn Borrower notice ol ecceleratlon TYie notica shall provide a perlod ol �ot � '
<br /> less ihan 30 dAys from ihe dnto tho notice is delivered or maliod wilhin which Borrower must pey all sums secure� by lhis
<br /> Security Insirument. 11 Bonower tails to pay these s�ms prior to tho oxpiration of Ihis period. Lender may invoke eny remedies _
<br /> permittod by this Secudty Instniment without fuAher notice or demand on Borcower.
<br /> � 18. Borrower's Right to Relfl6teto. tl Borrower rnoets certaln condifbns. 6orrower shell have the right to have � .
<br /> enforcement of thls Sncurity Instrument discontlnuad et eny tima prior to the earUer of: (a) 5 days (or such other period as �
<br /> � eppllcable law may specify for relnstetemQnt)before sele o1 Ihe Property pursuent to eny power ol sele contelned in this Secu�ity •
<br /> � � Instrument: or (b)entry of a Judgment enforcing thls Security Instrument. Those condilions are thet Bonower: (a) pays Lender all
<br /> sums which tfien would be due under thfs Security Instrument end t'�e Note as if no acceleratlon hed occurted: (b) cures any
<br /> detnult o1 any other covenant or agreements; (c) pays all expenses incuned In enlorcing this Security Instrument. including, but � "�
<br /> not Iimlted to, reasanable attomoys'foos; and (d) tukes such action as Lender may reasonably requlre to assure that the lien ol
<br /> . thls Secutity Insirument, Lencier's rights in the Property and Borrower's obligetion to pay tha sums secured by this Security ��:,; _
<br /> Instrument shall continue unchanged. Upon relnstatemPnt by Borrower, this Securiry Instrument and tho obligations secured `•';,�,4�,!:
<br /> hereby shall remaln fully oHective as if no acceleration had occurred. However,this right to reinstate shall not apply in the case '��
<br /> � of acceleration under paregraph 17. „ ,,__
<br /> �'�{`'-- -
<br /> 19. Sale of Note; Change of Loan Servtcea Tne Noce or a a pedlal interest in the Note (togettier witn th�s . ,+k�=°:-
<br /> '; Secudty Instrumenq may be sold one or more tlmes without pdor notice to Bortower.A sale may result in a change in lhe entity ° -
<br /> (knovm as the "Loan Ser�icer") that collects monthly payments due under the Note nnd this Secudty Instrument. There also may -
<br /> , be one or more changes oi the Loen Servicer unrelated to a sale of the Note. II there is a change ot the Loan Servicer, _
<br /> Borrower will be given written notice of the change in accordance with paragraph t4 above and applicable law. The notice will ��°,�•�;_
<br /> state the name and address oi the new Lo�an Servicer and the eddress�o which payments should be made. The notice will elso --
<br /> ' conteln eny other information requlred by appticable law. '_� . --
<br /> �r 20. Hazardous Substanees. Bortower shell not cause or permit the presence, use. disposel, storage, or releaso 01 �.: ;--___
<br /> eny Hazardous Substences on or in the Property. Bortower shell no;do, nor allow anyone else to do, anylhing aHecting the '�i'��'{ � �
<br /> Property thet Is In violatlon of any Environmental Law. The preceding two sentences shall not apply to the presence. use, or � ,; Y
<br /> � storage on the Property oi small quantitles of Hazarduus Substances ihat are generelly recognizod to be appropriate to normal '' >�'�y(-� ,_
<br /> , residentl�l uses and to maintenance ot the Property. ' '" �_,; •
<br /> • 8orrower shall promplly gNe Lender written notice of any Investlgation, cialm. demand, Iawsuit or other actlon by any � rj�, �,��;'��
<br /> � govemmental or re gulato ry a genc y or pdvctte pa r t y Involving the Prope r ry and eny Hetardous Substance or Environmzntal Law ol "r}r`; '��
<br /> .. t. -
<br /> � •••::�C� QCif.^.'Y.L'S ti33 °�:::`11 Lnn�ylurr3o. li {iQ70Y:2! �°3'�3� Q! �$ .^.0:�!�CG� �3�3:� C,"v:DiAMoi��wi ^vi i&.3uaiuT'y nu'u`wny. uidi ni�y .'. �:. .
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<br /> removal or other remedlatlan ot any Hazardous Substance aftecting Property Is necessary, Bortower shall promptly take all ; �rj�i�� I. ' _
<br /> nocossary remedial actions in accordence with Environmentel I.ew. ' 'r�=
<br /> ,� �i; ,
<br /> As used In thls paragreph 20, 'Hazardous Substances" are those substancos defined as toxic or hazardous substances by
<br /> ,. � Environmental Law and the tollowing substances: gasoline, kerosene, other flammable or toxic pelroieum products, toxic
<br /> '• pesticldes and herbicldes, volatile solvents, materials contalning ashestos or formaldehyde,and radioaclive materlals. As used In �,;
<br /> a paragiaph 20, "Environmental Law" means federal laws and laws of the jurisdiction where the Property Is located that relate to ^�
<br /> . ° � health, sefety or environmental proteclton. f'
<br /> , NON-IINIFORM COVENANTS. Borro�ver and Lender further covenant and egree as follows: -
<br /> 21. Acceleration; Remedies. Lender shall gtve notice to Borrower prlor ta acceleration '
<br /> following Borrower's breach of any covenant or agreement In thie Security Inst�ument (but not
<br /> - � prior to acaeleretion under paragreph 17 unless applicable law providea othorwise). The notice ��'`T
<br /> �=r�� • . , shatl speclfy: (a) the default; (b) the action required to cure the default; (c) a date, not lesa than �
<br />- r,
<br /> . .,. .� . ..;,. .
<br /> 30 days from the date the natice Is flfven to Borrower, by which the default must be cured; ar�d �.-___
<br /> � „ (d) thut fallure to cure the default on ar before the date spscifled In the notiae may resutt In _
<br /> j� . • acceleration of the svms secured tey this Security Instrument and salB of the Property. The notice
<br />- � " shall further inform Borrower of tNe right to reinstate after acceleratlon and the righi to bring a =
<br /> cauR actlon to assert the non-existence of a default ar any other defe�se of Borrower to �,�:-„-
<br />°.•� ' ". acceteration and sale. It the default is not cured on or betore the date ape�ifled in the notice,
<br />__ Lender at its option may requlre tmmedlate payment in full of ell sums secured by this Security -
<br />- �•.,y:`, ': Instrumen! wfthout further demand a�d may invoke the powsr of sale and any other remedles �-�,:�_:__
<br />=7 , permitted by appflcable law. Lendor shall be entitled to collect nli expensos incurred in pursuing *
<br /> ���--_-�—
<br />� ` the remedles provicled in thls paragraph 21, including, but not Ilmited to, reasonable attorneys' —=_-°=__----
<br /> ���
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<br />" ^ • �� iees and costs uf title evtdence. ,�,;�s-;�, �•-���r
<br /> ,.
<br /> � '�' If the power of sale fs Invoked, Trustee shall recoed a natice of default in each oounty in "` `����
<br /> � '� ''."��^��-
<br /> whOch any part of tha Prapurty is located and shall mail coplea of such nottce in tho manner - -+�,,:.::..,
<br /> ....
<br /> ' prescrlbed By appUcable It+w to Borrower and to the other persons prescribed by appUcable law. •. .: - '��
<br /> , � A1tor the time re ulred b a Ilcable lew� Trustoe shall ive p �' '`"""F'"'�'i'.'4"�:�
<br /> q Y PP g public notice of sale to t�e ersans �` C;"'_:'�'�
<br />= : and (n the mannor prescribed by applicable law. Trustee, wfthout demand on Borrower, shal! sall . ,� ��..;,Y`'• '
<br /> ' the Pcoperty at publtc auction to the hlghest bidder at the ttme a�nd place and under the terms
<br /> - deslgnated in tho notice of sale in one or more parcels anc! in any order Trustee dotermines. • . ��
<br /> Trustee may postpone sale of all or any parcel of the Property by public announcement at the • � ���
<br /> time and place of any previously scheduled sale. Lender or its designee may purchase the • . .
<br /> •.' Property at any sale.
<br /> � Unon rnceint of navment of the urice bid. Trustoa Ahna doi�.,o� �� *tio .,.....,,seo. r...e..,.,��
<br /> -
<br /> '- "•_ r_.�......... ........... ., --- -�'--�.
<br /> • desd conveyfng the Property. The recitals In the Truatoe's doad shall be prtma facie evtdence of
<br /> the truth of the statements made thorein. Trustoe shall apply the procaeds of the sale in the � "
<br /> � following order: (a) to all costs and expenses of exorcis(ng the power ot sale, and the sale,
<br /> (nclud(ng the paymont of the Trustee's fees actually tncurred, r�ot to exce�d threo '
<br /> - ";i h'o af the pria�cipal amount of the - , �
<br /> _ � nate at the time of the declaration of default, and ►easonable attorney's foos as permitted by law; � °
<br /> _ (b) to all sums secured by thi3 Security Instrument; and (c) any excess to the person or perso�es • .
<br /> - legal{y entitled to it.
<br /> . . Fta�GJ_Mr, (.1�961 P.�o� 4 of 5 � �i _ . • .
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<br />.= 1 a�iad � ._,.__. ._--�-�_-_��.__.-.�_.
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