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<br /> � - � . . 17. Transfer of ths Property er g Beneffctal Inteuest In Borrawer. lt eft or any part of the Property or � '. . �
<br /> � ' ' any interest in it is sold or transferred (or it a benefiaal iMerest in Bortower is sold or transferred and Borrower is not a natural ��° `,'
<br /> • � person)without Lenders prior written consent,Lend�may.at its option.require irrunedfate payment in tuil of al!sums secured by � ,
<br /> , ___'� this Security Instrument However,this option shall not 6e exerased by Lender'rf exerase is proh�bited by federal!aw as ot the _. ` __ �
<br /> : :�� date ot this Security instrumeni s�;. 4-'; :,..--
<br /> . f ` It Lender exerdses this option, Lender shall give Bortower notice of scceleration. The notice shall provlde a period oi not , c.
<br /> less than 30 days trom the date the not3ce is del'ivsed or ma0ed wiNin which Borrower must pay all sums secured by this (�• : . f -t �
<br /> • . , Securiry tnsuumetrt. If Borrower fa0s to pay these sums prior to the expiration o!this period. Lender may Invoke any remedies � , ti � . �,
<br />-- permiKed by this Securiry tnswment without further notIce or demand on Bortower. � • . . �•
<br /> • � 18. Borrower's liight to Reinstate. It Borrower meets certain condRions, Bonower shail have the rfght to have � �� � ;�.:5
<br />,' � ' , �,' � enforcement of this SecurRy Instrument dscortUnued at any Ume prlar to the earGe� of (a) 5 days (or suct► other period as � � �• .k.: .. ,
<br /> ,,,,, � applicabte taw may specity for remstaten�rt�be[ore sale of the Propaty pussusnt to any power of sale eantatned in thls Securiry p ;�'�•r� �•+-`y•.
<br /> , _.,, . � Instrumen�or(b) entry of a judgment enforang this Securiiy tnstrurtient Those conditlorts are thal Borrower. (a) pays Lender all tA y '''.� ', � r
<br /> � � .� ,� i sums which then would be due under this 3ecurily Instrument and the Note as if no acceleration had occurted: (b) cures any � • ,.
<br /> -- - .-•_� default ot any other covenant or agreements: (�? PaYs all expenses inaRed in enforcing ttils Security tr�strument induding. but _ _-
<br /> � ' � ' ` � not limited to,reasonabte attomeys'fees: and(d)takes sucb acUay as Lender may reasonabty require to assure that the lien of , _
<br /> ' ` this Security I�strumen� Lender's rights in the Properiy and Bortowers obfigatIon to pay the sums seeured by this Securiry • _
<br /> i� Inshument shatl continue unchanged. Upon reinstatement by Borrower, this Securily Instrument end the obltgations secured - �
<br /> hereby shall remain tuily eftective as H no acceteration had occurted. However,this dght to ceinstate shaU not appy in the case <<
<br /> ; of acceleration under paragraph 1Z � _�
<br /> ,��� 19. Sale of Note; C6ang9 of LOan Sen►icer.The Note or a a pattial interest in the Note (together with thfs . -=�r�*_
<br />� , � Seeurity InsWment) may be said one or more Umes without prior nottce to Borrower.A sate may resuft in a chartge in the entity • . �`��=`
<br />� . ' (known as the 'Loan Servicer')that collects monthty payments due under the No2e and thls Securiry InsWmerrt. There also may � � ^
<br /> � , be orte or more chanqes of the Loan Servicec unrelated to a sate oi the Note. It there is a change of the Loan Servicer. . _f' ' -
<br /> <. . Borrower wiU be g[ven written notice of the change in accordance with paragraph 14 above and appGcable taw. The ttotice wUl
<br /> . �- � state the nasne and address af the ngw Loan Servicer and the address to which payments shoutd 6e mad� The noUce wi�elso
<br />., . cantain any other infortnation required by appGcable law. -„
<br /> � ' 20. HazBrdous SufDStBtlees. Borrower shafl not caase or permft the presence, use, disposal,storage, or release ot � � ' -- _—_
<br /> arry Hazardous Substances on or in the Properry. Borrower shall not do, nor allow anyone else to do,anything affeding 1he -T
<br /> , - �'�`�"�=-
<br /> • Properry that is tn violation ot any Envfronmei►tal law. The preceding rivo sentences shall noi appy to tfie presence. use, or ��� ,:: : , ,
<br />�,,� �. - storage on the Property oi smafl quartities o}Hamrdous Su6stances that are generatty recognized to be appropriate to nortnal � -
<br /> residenUal uses and to matntenattce of the Property. •':=�. .
<br /> � 8orrowe► shal! prompUy give Lender wrt'lten noUce of any investigaUon, ctaim, demanQ Iav�suit or other actlon by any __
<br />_ � ; gavemmentei or regutatory agency or private party involving the Praperty and any Hamrdous Substance or Environmental Law of _ =_
<br /> . _. , which 8orrower has actual Imowledge. If Borrower leams, or is noffied by any govemmental or regutatory author(ty, that any :�_- .
<br /> � � • removal or other remediatlon ot any Hazardous Substance affecting Property is necessary, Bartorrer shaA prompUy take aU •=,r.=��----
<br /> � ' : � necessary remediaF aclions in accordance vrith Emironmental Law. 'r.�_
<br /> As used in this paragraph 20. 'Hazardous Substances' are those substences deflrted as toxic or hazardous substences by ' =�
<br /> ` • `'�` Environmental Lew and the followfig substances: gasoline, kerosene, other flammabte or toxic petroleum prodacts, to�dc �' �
<br /> } pesU�ides and herbicides,votaGle sohrents,matedais contatning asbestas ar fortnaidehyde. and tadioactive materiats. As used in . •.r.�,�,,' --
<br /> ��-- paragrapn 20. 'Enviroamentai Law• means federai tav�s antl taws of the�isdiction where the Pmperty is focated thai reiata to — �,����:-
<br /> • health.satety or envlronmental protecNon. •
<br /> � NOAI-UNIFORM COVENANTS.6oaower and Lender further cavenarrt and agree as foltowr. I. ,.��
<br /> '::�,. ..... -•-�
<br /> � • . • 21. Acceleratton; Remedies. Lender sha!! give natice to Borrawer prlor to acceteration `�� . .��r��-:,
<br /> ° toflotiving Borrower's breach of any covenarrt or agreeta�ettit in this Security Inahumen4 (but iwt . ,� ,; �,�.,;x,�?_
<br /> � . ' . prior to acceleration under paragrapb 17 u�less applicable law provldes otherwise). The natice �' ° ���.. =-
<br /> �`��---
<br /> � . shall s�oetiy: (a)the default; (b) the action required to cure the defautt; (c) a da4e, not less than ' _-
<br /> , � ' 30 days trom tP�e date the natice is glven to Borrower. by which the defauit must be cured; and ' '���
<br /> � . (d) that failure to cure the default on or 6efore the date specifled in the notice may result tn .:��_
<br /> � , acceleratlon of the sums secured by thia Security instrumertt and sate of the Property.Yhe nottce ,
<br /> � shaii turther inform Bonower of the right to retnstate agter accetaration and the right to bring a � �� -�;,�.`
<br />. � court action to assert tho non-existence of a defautt or arry ather deie�tse ot Borrower to --
<br /> • . . aeceleratloa and sate. {f the default 1s not cured on or before the date specifted In the notice, ,,:
<br /> � .� � Lender at ita optlon may require Immediate payment in tutl af sll sums secured by this Securlty � �
<br />- . ,. ` Inst�ur�ent without further dem�nd and may invoke the power ofi sale and any other remedies '` �, ��
<br /> : • •, po�mitted by appUcable Iaw. Lender shall be entitlad to coltect all expensea incurred in pursufng . , °
<br /> � the remediea provided In this paragraph 21, including, but not limited to, roasonable attomeys' '
<br /> . � �. toea and casta of title evldence. '
<br /> �';. � � � It ths powar o! sale is invoked, Trustee shail record a notice of default in each coun3y in - � '
<br /> , , . . which any part of the Property ia tocated and shail mail copies of such notice in the manner �
<br /> • prescrlbed by appilcable law to Borrower and to the other persons prescrlbed by applicabte law. ' ' •
<br /> . ANer the time required 6y appUcable law, Trustee shall give pubpc notice of sate to the persons � . ' �
<br /> . . end in the manoer prescrlbed by applicable law.Trustee,without demand on Borrower, shall sell •
<br /> . tho P►oporty ot pubiic aaction to the highest bldder at the time and place and under the terma .• ,� �
<br /> � � designated In 4he notice of sale in one or mare parcels artd in any order Trustee determinea. .
<br /> � . Trustee may postpone sate of atl or any parcel at the Property by public annourtcement at the '. .
<br /> Hmo and pl�aco o! any previousty schedufed sale. Lender or its designee may purchase the '
<br /> � � ' . Property et any eale.
<br /> , Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's � �
<br />, � dood convoying the P�operty. The rocitals in the Trustee's deed shali be prima facie evidence of
<br /> . . the t�uth of the statements tnade therein. Trustee shall apply the proceeds o! the sale in the • .
<br />_ � tollowMg ordo►: (s) to all costs and expenoea of exercising the power af sale, and the sale,
<br /> _. ..4 inctudi�g tho payment o!the Trustee's fees actualty incurred, not to exceed 4hree .
<br /> � � ' � % of the principat amount W the ` '
<br /> •- . _� noto ot tho ttmo of tho declaration of default, and reasonabte attorney's tees as permitted by law; ��
<br /> �b) to all sums secured by this Security Inslrument; and (c) any excess to the person or persona
<br /> � legatty ontitlod to It.
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