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<br /> ' °`�.`. . • 1 T. Transfer of the Prope�y or a B�neficist lMeres4 in 19orrower. if all o�eny pare ot che Property or � . ` �.
<br /> . _ '�. - . ��:_ �, ,:
<br /> •eny irrterest ia R Is sold or ttansferted(or N a benafic�!interest in Bortower is sotd or transterred end Botrower is not a naNrai .
<br />_ k � __� person)without Lenders Prior wrilten consent Lender may.at i[s option.require immedate payment m tuu of all sums securYd Dy
<br /> _ - . - ��y�i{{y�nstru�et�t Hoyyever,this option shall not be exerc3sed by Lender it exercise is prohibded by federat law as ot the — :
<br /> -. i.g � `,
<br /> - � " �tate ot this Secudty Inshument • ` `�``��,r�
<br /> - < ' �.� .`�. N Lender ex�clsas this oAtlon. Lender shaU 9b�e Bortower noUce ot acceteration. 1'he notice shall provide a penod of not '
<br /> � � iess than 30 days irom U►e date the noUce is delivered or mailed wilhin whtch Borrower must pay a0 surt�s secured by th�s � ', �` ,
<br /> Security fnstrument. I1 8or�awer is�1s to pay these sums pdor to the e�iratian of thts pertod Lender may invoke any remedies� , `
<br /> ` � . , permitted by this Security Instrumerrt without tuMer no6ce ar decneasd on Borrower. _ .. , •`.`:.
<br /> � , • , r 18. Borrawer's Right to Eteinstate. If eortower meets cetta�n conditions, Borrower shati have the right to have� . ;
<br /> , �S; �. � .
<br /> � entorcemen! of thls Securfty instrument discontinued at eny time prior to the ear�e� nt (a) 5 days (or such other penod as � -
<br /> -- aPPncabte taw may specHy tor reinstateme�t)before salo of the PropatY Pu�suant to any Power oi sate cantelned in this Sewrity • `
<br /> ` • _, — Inytrumenx or(by enby of a Judgmest entordng this Security tnshument Those crmditions are that Borrower. (a)pays Lender aU �
<br /> -:,._�:`.
<br /> � ``�, sums wh[ch ttien would be due wder thts Secu r i ty In s U umen t a n d t h e N o t e a s H no aaehretion had occurred: (b)cures any p -.� :( L ` _ 4
<br /> - -- -' - deiautt of any other covenant or agreemenis: (c) Palls aU��enses���m entorctng this Security Instrument. inGud�ng.but � � L' � .
<br /> takes such action as Lender may reasonabty require to assure that the 6en of � , �Y�;�
<br /> � , .. nat Gmited m.reasonabie attomeys' tees: and(� : .
<br /> this Security instrument, LenQer's rights in the Pmperty a�d Borrower's obfigation to pay the sums secured by this Seadty ;;,r_�.��,." •-,°_
<br /> � Instrument shaD eortdnue unchanged. U¢on reinstatement by 8orrower. this Security Instrument and the obligations secured .
<br /> ' • ' ��' hereby shali r�natn tuDy effective as if no ar.ceteraRlon had occumed. However.tfiis�i9M ta reinstate shall not appty in the case .`', _
<br /> . - of acceteraUon undel para4raPh 17. . .
<br /> ' 19. Sale of Note: Change ofr I.oan Servtcer. The Note or a a pactia�Interest m the Note (together with tt►is �. _
<br /> Security tnstrument)m�Y be sa�d one ot more Umes withaut P�lor noUce to Borrower. A sate may resuR in a change in the entiry
<br /> • , : (fmown as the'Luan Servieer'?that e°Ilects mo"thly paymmis due under the Note and this Security Instrument. There also may __
<br /> . - be one or more chsnges of tde Loan Servicer unrelated to a sale af the Nota it there ts a change of the Loan Servicer. '",• _µ
<br /> � � B o R O w e r wiil be g Nen wriiten noUce of the change in acwrdance with P�9�Ah 14 above and appllcabte law. The notice w01 W_ -.
<br /> w
<br /> ` state the name and address of the new Loan Setvicer ana the addrpss ta which paymerrts s hou l d be ma d e. Th e n o ti c e w i U a t s o
<br /> ' conmin a►►Y other intormatIon required bY aPPUcable law. � �� --
<br /> � - " 2�. Hazardons Substances.Bortower shaii not cause or pertnit the Prasenca us�.d�sP°�• �O�9e' or retease ot
<br /> an y Hazardous Subslances on ar in the Roperty. Bortower shall not do, nor aQow anyone else to do,anything atfecdng the `^
<br /> . �;'__; prup�ly that is u►viofation of any E nv i r onmen t a l L aw. Th e p r e c e d i n g t w o s e n t e n c�s s h a U n o t a p P i y t o t he presence, use. or . � .,. •T.�9
<br /> . storage on the Property of small quanUites ot Hazardous Substances that are generalty recognized to be approprtate to notm� :;,���
<br /> , ' resfdential uses and to maintenance of the PropercY• , ° —
<br /> . Bosrower shatl promptly give Lender written noUce of any invesUgaUon, daim. demand, lawsuit or other actlon by any ` ir:.�,%�,�,:-
<br /> � � govemmentat or regulatory egency or pfirate parry involving the Properry and any Hazardous Substance or Enviranmentai Law ot ���>f„:� ,
<br /> ' �� . which Botrower has actual Imowledge. !i 8orrower teams, or is ootified by any govemmental or regutatory authoriry, that any � �.��_�-
<br /> �� removal or other reme�ation of any Hazardous Substsnce af(ecting ProPert�► (s necassarY• Borrower shall promptty take all �-,;.,_ . _ —
<br /> � 3 aecessary remedial adions In accordanoe vrith E.nvironmeMel Law. . —
<br /> �.;�.,; As used fi this para�uph Z0. 'Harardous Substances' are those substances defined as to�c or ha�rdous substances by =___
<br /> • � �• Envlronmental Law and the foQawfig substances: gasotine, kerosena othe►flam►nab�e or toxic petroleum products. toxic _
<br /> .i . � pestiddes and herbiddes,vota67e so(vents.materi2ls contain(ng asbestos or formaldehyde,and�adtoactive materiats. As used in - � _
<br /> ' . paragaph 20. 'Envtronmental La+N° means federa! laws and Iaws ot the Jurisdicdon where the Property ts lacated lhat relate to , ,--�v
<br /> hearih. satery or environmee:�ttaf protedlon. '• .
<br /> a •�
<br /> . • �-.�.���
<br /> • NONd1NlFORM COVEN3�GfTS. Bortower and Lender further covenant and agree as fotla�s: : •',;ai', � ___
<br /> � � 21. Acceteratton; Rersnedies. Lender shall give natice to Borrawer prtor to accete►ation ,.�: ,� ',``.��'�__
<br /> foltowing Borrower's breach � any covenant or agr+eement in this Securi4y tastrument (but not �_�__
<br /> � � prior to acceleratton under paragraph 17 uNess applicable law peovtd�s othernise�. The not�ce ; `��'"
<br /> � �Y:—�
<br /> •• ` shall specify: (a) the detaul� (b)the action required to cure the detauH; (c) a date, nat less than �..��: ,1.
<br /> 30 days bom the date the notice is given to Borrower. by which the d�iautt must 6e cured;an�d .;���:�_
<br /> ` ' (d) t�at tailure to cure the defautt on or before the date specifled in the notice may result in u'_`` .::;_�y
<br /> � � � acceleratian o4 the suma s�cured by this Security Instrument and sale of the Properly.?he natice �_
<br /> shall turther inform Borrower of the r1gM to reinstate aRer acceleratlon and the rtght to bring a • �..:,�-s_.
<br /> � � � courg action to assert the non-existence of a default or any othes defense of Borrower to , -
<br /> acceleration and sate. If the defautt is not cured on or before the date speciflod in the notice, �
<br /> � � Lertder at Its optlon may require immediate payaneat In futl of ati sums secured by this 5ecurity :
<br /> � • � Instrument withou4 fu�thar deaesand and may invoke the power ot sale and any other remedies ' '' �,:°:� ��
<br /> � permitted by applicable law•�onder shall tre entitted to collect atl expenses Mcurred in pursuing .
<br /> � •� the reme8ies provided in this paragraph 21. inctuding, but not tlmited to. reasonabte attorneys'
<br /> � fees and costs ot title evtdence. •
<br /> � t4 the power o4 sate Is invoked, Trustee sha0 record a notice of default in each courtty In . , .
<br /> i � � >� whlab any paR o9 the Property is tocated and shall maii copies of such notice in the manner ; '
<br /> f prescrlbed b y applicable law to Bonower and 4o the other persana preseribed by appiicatole faw.
<br /> ���� ' After the tlme required by app9icable law, Truffiee shali give p�blic notice of sate to the persons . .
<br /> � And in the manner preseffibed by appUcabfe Iaw.Trustee, without demand on 8errower. shall sell . . .
<br /> � the Property at public auction to the highest bidder at tha time and place and under the terms ,.
<br /> . designated in the 4vtice o! sale in one or more parcels and in any order Trustee determines. . •
<br /> . ` ,� �. T►ustee may pastpone sale af all or any parcel of the Property by public announcement at the ,
<br /> . time and place of any previously scheduled sale. Lender or ita designee may purehase the . .
<br /> . Properly at any sa9e. � , .
<br /> Upon recetpt of payment of the prlce bid. Trustee shall dellver to the purchaser Trustoe's ,
<br /> deed conveying the Property. The recitats in the Trustee's deed shall 6e prima facie evidence ot .
<br /> • � the truth of the statements made thereln. T�ustea ahail apply the proceeds ot ths sale in the
<br /> ' 4ollowing order: (a) to atl costs and expenses of exe►cising the power of sale, and the sate. . �
<br /> � inciuding the payment of the Trusteo's fees actualty incurred, nat to exceed three .
<br /> % of the principai amount of the � •
<br /> ��• note at the time o4 the declaration of detauit, and reasonable attorney's fees as permttted by law:
<br /> I ., '� .
<br /> � � (b) to all sums secured by thia Security tnstrument; and {c) any exaoss to the person or persons .
<br /> legatly enlitled to it. •
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