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�0�106623
<br />require immediate payment in full of aU sums secured by dils Securiry Insmtment. However, this option shall not be
<br />exercised by Lender if auch exercise is prohibited by Applicable Iaw.
<br />If Leader exercises this option, Lender shall give Borrower notice of acceleration. The notice shait provide a period of
<br />not less than 30 days from the date the notice 1s given in accordance widi Secdon 13 withja which Barrower must pay all
<br />sums secured by this Secudty Instrument. If Borrower fails to pay these sums prior ro the expiration of this period, Lender
<br />may invoke any remedies permitted by this Security Insirument wlthout further nodce or demand on Borrower.
<br />19. Borrower's Right W Reiastate A,fter Acceleration. If Borrower meds cerrain conditions, Boaower shall have
<br />the right to Lave enforcement of this Secarity Insm�ment discontinued at any time prior to the earliest of: (a) flve days before
<br />sale of the Property pursuani ro any power of sale contained in this Security Instrumenr, (b) such other period as Appllcable
<br />Law might specify for the termination of Borrower's right to reinstate; or (c) entry of a judgment enforcing tlils Security
<br />Insuument. Thoae coaditions are that Borrower: (a) pays Lender all aums which then would be due under dds Securiry
<br />Instrument aad the Note as if no acceleration had occurred; (b) cures any default of any other covenanta or agreemen�s: (c)
<br />pays all expenses incurred in enforcing this Sec�uiry Insuument, including, but not limited ro, reasonable auorneys' feea,
<br />property inspecNon and valuation fees, ead other fees incurred for the purpose of protecting Lender's interest in the Property
<br />and rights under this Securlty Instrument; e� {d} takes auch action as L.ender may reasonably require to assvre that I.ender's
<br />iaterest in the Propertp and righu under this Security Instrume�, and Bonower's obligation to pay the sums secured by this
<br />Security Insaument, shall continue unchanged. Lender may require that Bonower pay auch reinstatement sums and expenses
<br />ia one or more of the followin� forms, as selecred by Lender: (a) cash� (b) money order; (c) certifi� che�k, bank check,
<br />treasurer's check or cashier's check, provided azry such check is drawn upon an iastitutlon whose deposits are ineured by a
<br />federal agency, lnstrumentallty or eatiry; or (d) Electronic Funds Transfer, Upon reiastatement by Borrower, this Securiry
<br />Instrument ead obligations secured hereby shall remain fiilly effecNve as if no acceleration had occurred. However, thts right ^
<br />to reinstate shall not apply m the case of acceleration under Section 18.
<br />20. 3ale of Note; Chenge of I.oan Servicer; Notice of Grievance. The Note or a partial in�er�t in the Note (together
<br />with this Security Inatrument) can be sold o� or more dmes without prior notice tn Borrower. A sale might result in a change
<br />ia the entity (ladown as the "Loan Servicer'� 8�at collects Perlodic Paymetds due under the Note aad this Security Instrument
<br />and performs other mortgage loan aervieing obHgations under the Note, this Security Insmimeat, and Applicable Law. There
<br />also might be oae or more changes of the Loan Servicer unrelated ro a safe of the Note. If there �S a change of the Loan
<br />Servker, Boaower will be given writtea �tice of the change which will state the name and addreas of the new Loan
<br />Servicer, the address to which payments should be mede and any other information RESPA requires ia connection with a
<br />nodce of transfer of servicing. If the No� is sold and thereafrer the Loan is serviced by a Loan Servic�r othet than the
<br />purchaser of the Note, the mortgage loen servioing obIigations to Borrower will remain with the Loan Servicer or be
<br />uansferred to a successor Loan Servicer and ere not assumed by the Note puroheser nnless otherwise provided by the Note
<br />purchaser.
<br />Neither Bonower nor Lender may commence, join, or be joined to any judicial action (as either an individual litigant
<br />or ihe member of a cless) tLat arises ftom the othet patty's actions pursuant to thls Security Instrument ar that alleges that the
<br />other party has breached any provision of, or any duty owed by reason of, this Securiry Instrument, until such Borrower or
<br />Lender has notifie3 the other party (with auch notice given in compliance with the requirements of SecNon 15� of such alleged
<br />breach and afforded the other party hereto a reasonable period after the giviag of such nadce w take corrective action. If
<br />Applicable Law provides a time period which must elapse before cettain action caa be taken, that dme period wlll be damed
<br />to be reasonabie for purposes of this �ragraph. The notice of axeleration a�l opporpinity to cure given to Borrower
<br />pursuant to Sectinn 22 and the notice of acceleradon given to Borrower pursuant to Section 18 ahall be deemed to satisfy the
<br />notice and opportunity to take corre�tive aclion provlsions of this Secdon 20.
<br />Z1. Hazardous Subetances. Aa used in this Sectlon 21: (a) "Ha�ardous Substances° are those snbstences defined as
<br />toxic or hasardoue aubstances, pollutants, or wastes by Environmental Law and the followmg aubstances: gasoline, kerosene,
<br />other flammable or toxic peuoleom pr�uc�, toxic pesticidea and herbicidea, volatile aolvents, materiels containing asbestos
<br />or formaldehyde, and radi�ctive materlals; (b) "Env9ro�enral Law° means federallaws and iaws of the juriediction where
<br />the Ptoperiy is located that relate to health, safety or environmental protecNon; (c) "F.nvironmental Cleaaup" includes any
<br />response action, remedial action, or removal action, as de8ned in Enviro�e�al Law; and (d) an "Emironmental Conditton"
<br />means a conditlon that can cause, contr[bute to, or otherwiae tigger an Enviromnental Cleanup.
<br />Borrower shall nnt canse or permit the presence, use, disposal, atorage, or release of a�+ Hazardous Substances, or
<br />dueaten to selease any Ha�ardous Substaaces, on or st the Property. Bonower shall not do, aor allow anyone else to do,
<br />anYthiag aff�dng the Propeth' (a) that is in violation of arry Enviro�ental Law, (b) which creates an Emironmemal
<br />Condition, or (c) which, due w the presence, use, or release of a Hazazdoua Substance. creates a condition that adversely
<br />affects tt� value of the Property. The preceding two senkences ahall not apply to the pmsence, use, or starage on ffie Property
<br />of small quandtles of Hazardoua Substences tl�at aze generally recognized ro 6e apprapriate to normal residential uaes and w
<br />ma;n �e.•,_.a of the Property (including, but not limited to, hazardous sulistaaces in consumer products).
<br />Boixower ahell prompdy give Lender wrluea notice of (a) aay imestigation, claim, demand, lawsuit or other actioa by
<br />a�ry governmenml or regulatorY aSencp or private party invoiving the Property and any Hazardons Substance or
<br />Environntea�l Law of which Borrower has ectual knowledge, (b) any Eavironmental Coadition, including but �t limited w,
<br />any spilling, lealan$, discharge, release or threat of release of azry Hazerdons Snbstaace, and (c) a�ry coadiflon caused by the
<br />presence, use or release of a Hazardons Substa�e whfch adversely affects the value of the Property. If Borrower learns, or is
<br />nottfied by any governmental or regulatory suthority, or nny private pazry� that any removal or other remediation of any
<br />Hazardous Substance affecdng the Property is n�essary, Borrower shall prompfly rake all necessary reme3ial actious in
<br />accordance with Environmental Law. Nothiag herein sF�all create aay obligation on Lender far an Env�ronmeatal Cleanup.
<br />NON-UIQIPORM COYENANTS, Boaower and Lender further covenant and agree as foUows:
<br />22, Acceleratlon; Remedi�. Lender ehall give aoHce to Borrower prlor to acceleretlon following Borrower's
<br />breach of any cov�ant or ag�reement la this 3ec�u�ity Instrument (but not pr[or to acceleratfon under SecUon 18 uale�
<br />Appllceble Law providea otherwise). The nottce shell specify: (a) the defeult; (b) the action required to cure the
<br />defeuit; (c3 a date, not l�s thsn 30 days 6rom the date the notice le givea to Borrower, by w6ich the dePaolt muat be
<br />cured; and (d) that failure to cure the default on or before the dete specified ia the nottce may r�ult in acceleratton of
<br />the sums secured by thie Securky Instrument and eale of the Property. The notice shall further lnforn► Borrower of the
<br />rtght to reinetete efter accelerat[on end the rlght to assert In the foreslosure proc�dtng the aon-e�stence of a defanit
<br />or any other defenae of Borrower to ecceleratlan and sele. If the defauit le not cured on or before the date specltied in
<br />the natice, I.ender et its option msy require immediate payment in futl of all sums secured by thfe 5ecwity Instrument
<br />without furtLer demand and mey iavoke the power of esle and any other remedia permitted by Appliceble Law.
<br />Lender shall be endtled to collect all eapenses incurre�l in pwsufug the remed[a provid�l in thie Section Z2, including,
<br />but not lin►hed to, reasonable attorneqs' fe� and costs of tl8e evldence.
<br />If Lender lnvok� the power of sele, Lender ehall give wrkten notice to Trustee oP the occurrence oP an event of
<br />default end of Leader's election to caose the Property W be sold. Lender ehalt mail a copy of the aotice to Barrower ea
<br />provided in SecUoa 15. Tn�etee shaU reiwrd a copy of the norice ln the county 1a whtch the Property fs located. Truatee
<br />ehell publish a notice of asle for the time and in the mauner provlded by Appllcable Law end shell mail coptes of the
<br />F 3UOfi 1/O1
<br />COLORADO—Sin81e FamilY—PsnNe Mae/Froddle Mao UNIFOHAA IN&TRUMENT
<br />e.�.n sr.�. w.. ec c�ew, iwu rorm aeu-i.co amn000 (P�Be 6 oI�PeB�)
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