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<br /> , . � 17. Transfer of th� Proper4y or a Beneficia! Interesi U Borrower. if all or any paR ot the Property or '�`�� -�
<br /> - , any interest in it is sold or traasferted(or it a beneFdat interest in Bortower ls sold or transferred and Bortower is not a naturai ', �-` •:
<br /> person)without Lender's pdor written eonsent, Lender may.at its option,require Immecliate payment in tu0 ot ail su:ns secured by -Y �_�'
<br /> � �- � this 5ecurity �nstrument. ttowever, this option shaif noi be exsrdsed hy lender Q exerdse is prohibited by federai Iaw as ot the � _ _ .
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<br />- � ,-- - tlate of this Sewrity Instrument - • -'f
<br /> �' � If lender exerGses tl�is option. Lend�shali give @oROwer noUce of aeceIeratifln. The noSice she0 provide a period ot not . � �d� -�
<br /> ' � Iess tfian 30 days irom the date the noUce Is de6vered or malled within whieh Bortower must pay all sums secured �y this .
<br /> � Security tnsWme�t. It BoROwer tals to pay thesa sums priar to the expUaUon ot th(s period. Lender may invoke any remedies �
<br /> , � ,' peanitted by this 3ewrtry Insttument wflhoui turther noUce ot demand on Bortower. ( :,�•� ir':.', ` ,
<br /> � , 18. BOYfOWBf 8 R1�ht to R@ltt8t��. N BoROwer meets certain eonditions. Borrawer shall have the rigAt to have � , .
<br />_ . ' enforeement of this Seeurrty instrument discontinued at eny Ume pdor to the earlier of: (a) 5 days (or sueh other period as t ,.-><�� . `� �,�":.
<br /> � -- .� epplica5h�law may speay tor reinstatement)be[ore sate ot the Property purs�arrt to eny power of sete cosHained in tfiis Sewrily � - �f. . � .
<br /> � i Instrumem: or(bj enby of a judgrtent enforcing this Secudty Instrument Thase conditions are that Borrower. {a)pays Lender ad � ,
<br /> ' ` �E sums which then wouid be due under this Security Inswment and the No[e as N no acceleration had occurred: (D)cures any � ::-Y,,.�•� � .
<br /> `_`,— . ���; defauR ot any other covenant or agreements: I�) P�� �Penses irtcurted it� errtorctrig tMis Seeuriry lnsirument. induding. but .
<br /> ' `' 1 not Iimited to.reasonabie atiomeys'fees: and(d)takes such adion as Lender may reasonabty require to assure that the Cen at �
<br /> • � � • i this Securiry tnsUument, Lenders rights (n the Properiy and Borrower's obligaBOn to pay tho sums secured by this Securily ,,.7 ; .
<br /> Instrument shaU eontlnue unchanged Upon reinstatement by 8orrower, this Securiry �nstrument end the obQgaIIons secured ' '
<br /> • ' � hereby shaU remate fu�y eftesGve as N no acceteratton had aceurred However,this rfght to retnsfate shall no!appy in the case ;
<br /> . . ` at acceleration under paragtaph 17. • ;..�.,4'
<br /> � 19. Sele of NOt9: Chsnge Of L08fl SBntICBP.The tJate or a e pa�l tnterest In the Nots (togethe►with this - ` , `< _
<br /> SPCUrity Instrumerrt)may be sold one or more times without Pdor noUce to Botrower.A sale may resuit 6�a ehange in the entiry . . k -
<br /> � • , (known as the'Loan Senricer')that coUects monffiIy payments due under the Note and this Security(nswment. 7here also may • . `;,,;
<br /> , . % be one or more changes o1 tne Loan Servicer unrelated to a sate ot the Note. It there is a change of the Loan Servicer. �..�.�, : -_ �
<br /> . Borrower wal be yven writfen notice of the change in accordance with para�aph 14 abave and appficable taw. Ttte notice w�11 `. .-�;�'`�
<br /> - ��-`. r
<br /> � state the name and address of the new Loan Servicer and the eddress to which payments should be made. The teotice w71 atso
<br /> , at _-
<br /> . contafi any other infortnation required by appficable law. �
<br /> ` 20. Hardrdou8 SNbStenCes. Borrower shall not cause or permit the presence, use. disposai. storage, or retease of , �'`'
<br /> any Hazazdous Substanc�+ on or in the Property. Bortower shall nat do,nor altow anyone etse to do, anything afteWng the -
<br />- _ . , proAeRy that is in viotaUon ol arry Ernfronmeetal iaw. The,precedmg two sentences shall not apply W the presence. use,or -
<br /> •�' ` starage on the Property of smail quantities ot HaraMous 3ubstances that ere generaify recognized to be appropriete to normai . '
<br /> , � residential uses and to maintenance of the Properly. _.r,;_.,"' �'�w
<br /> . � � Borrower shail promptry gfve Lender vrtitten noUce oi any investlgaUon. daim, demand Iawsuit or other acUon by eny , ��=�'�
<br /> i:.>:.-_
<br /> � • � govemmental or regutatory agency or private party IrnoNing the Property and any Hatardous Subsiance or Environmente!Law ot •' • � —
<br /> . . . , which Borrower has aetual Imowledge. tf Borrower leams. or is notified 6y any.qovemmeMai or regulatory authoriry. ffiai eny ,. _
<br /> - � � removal or othet remediation of any Hazardous Substance afted(ng PmpeRy is necessary. Borrower shali promptiy take a0 •, _
<br /> ' � .. ' necessary remedial actions in accordance with Envtranmerttal l.aw. •� .r`—�=-
<br /> ` , ' As used fn this paragraph 20. `Hazardous 3ubstances' are those su6stances defined as toxic or hazardaus substances by ,� ___-
<br /> , � � Environmerttel Law and the fo(towing substances: gasoline, kerosene, other flammable or toxtc petroleum proQuQs, toxtc
<br /> •��•---_��.----• F�t[cfdes attQ heth(ctdes,val�?e seMents,mater�ais contatning nsbestos or tomialdehyrC.e,and ra�oactive matedats. As used in �
<br /> . • � paragraph 20, 'Envtronmerrtal Law' means tederal laws and laws of the Jurlsdictlon where the Properiy is tocated that�tate to � `•� ��=_=
<br /> � heaith,satety or environmental protection. � .� . `��`'�
<br /> , � , . �r NON-UNIFORM COVENANTS. Borrower and Lender fuRher covenant and ayee as fotiows: •. .. `°.'�1
<br /> '�5:' 21. Acceleration; Remedies. Lender shall give notice to Borrowes prior to aceelerattan �•__.�.�
<br /> '` `. � tollowing Borrowe�s breach af any covenant or agreemeM in this Securityy tnstrumerrt (t�ut not � ���. ••!��;�r_-
<br /> , � prior to acceleration under paragraph 17 untess applicafole law pravides otherwlse). The ootice • �-� �__
<br /> . shall specHy: (a) the defautt; (b) the action required to cure the defautt; (c) a da#e, nat tess than . ��.� '�
<br /> � ' 30 days from the da4e tho nattce is given to Borrower.by wh3ch the defautt must be cured; and .���'�`�:
<br /> � (d) that fallure to cure the defautt on or 6etore the date specified in the notice may resutt tn �.. , . _
<br /> accoleration af the sums secured by this Securtiy lnstrument and safo of the PropeRy.Tioe na4ice , �;;;��:
<br /> ' ., shail further inform Borrower of the right to relnsta4e after acceleratlon artd the right to bring a .' +:��.
<br /> ,..`, court action to assert the nore-existonce of a defauit or any other defense of Borrower to
<br /> ' acceleration and sate. ft the �efault is not cured on or before the date s��sifled in the nottce, .� � ,.`,��:'
<br /> '� �� ' ' Lender at its optlon may require immediate payment in iull of ail suma secured by thia Securlty . ', ,
<br /> Instrument without further demand and may invoke the power of sale and any other remedies
<br /> � � permitted by appllcable law. Lender shall be eMWed to collect all expenses Incurred in pursuing . : �
<br /> � ' the remedles provided in this paragraph 21, iacluding, but no! limtted to, reasonable attomeys' • . . .
<br /> ' � . tees and costs of titte evidence. � � •
<br /> If the power of sate is invoked, T�usteo shatl record a notice of delauft in each county in . '.
<br /> . which any part of the Property is located and shall mail copies of such notice in tJ•.� manner •� ,,
<br />.'�.�;� prescribed by applicabte law to Borrower and to the other persons prescribod by appTcafote law. , _ ,� � .,
<br /> % After the time required my applicabfe faw, Trustee shall give public aotice of safe to the persona . -, �
<br /> �. ' ' and Dn the manner preacribed 6y applicable law. Trustee, wilhout demand m�+Borrower, shafl sell ,
<br /> the Property at public auction to the hlghest btdder at the time and placs and under the terma -
<br /> � � designated in the aotice of sate in one or more parcels and in any order Trustee determitfea. . • .
<br /> � Trustee may postpo�e sale of att or any parcel of the Property by pubitc announcement at the . .
<br /> � � time and place o! any previously scheduled sale. Lender or ita designee may purchase the
<br />: Property at any sale. .
<br /> � .. • , Upon recetpt of payment o! the prlee bid. Trustee shap detiver to the purchaser Trustee's
<br /> deed conveyiag the Property. The recitats in the Trustee's deed shall foe pNma facle evidence of .
<br /> � the truth of the statements made therein. Trustee ahatl appty the p�oceeds of the sale in the •
<br /> " � following order: (a) to all costs and expenses o! exercising the pawer of sate, and the sale, :
<br /> . . including the payment of 4he Trustee's tees actually iacur�ed. not!o exceed three ,
<br /> , R'o of th� principal amount of the �
<br /> � � no4e at the time of the declaration of default, and reasonable attomey's tees as permitted by law:
<br /> '..�'-, � � (b) to all sums secured by this Security Instrument; and (c)any excess to tfie person or persons � .
<br /> legalty entitled to it.
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