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<br /> ,�'�<<,� .` '� �, _ 17. Transfer of the Property or a Beneficial EMerest in Borrower. tf a�t or any part ot the Property or � . �� ��
<br /> � any interest in it is sotd or trans(erred(or if a benefidal interest in Bor►ower is sotd or bansterted and Borrower is not a naturai . •.Q,i. ;
<br /> -_ -- persony withou! lender s grior written consent, Lender may.at'sts opGon, require immediate payment in tull of aIl surts secured by ____._____=-;�-;°_:
<br /> - -' �� . this Secucity Inshvmertt. However, ttns option shal! not be exercised by Lender if exe►ase is prohibited by federal law as o!ihe E�� �'� '
<br /> � . � date of this Security Instrument r'' :(" '`� .
<br /> ,� It Lertder exerclses this option. Lender shaU give Borrower notice af acceteration. The notice shall provide a period of not � i��' _ .
<br /> . , tess than 30 days trom the date the notice is deIIvered or mailed within which Bortower must pay a[I sums secured by thi..� •�'� . �.
<br /> � • Securiry Instrument If Borrower tails to pay these sums prior to the expiratian of this period. Lender may invoke any remed� , °�t:,,
<br /> � . ' permitted by thls Security Instrument without turther notice ar demand on Bortower. , ''" ;
<br /> ' � - � 18. Borrower's Rigl9t ta Reins4ate. If Bor►ower meets ceRain cond'iHons. Borraver shall have the right to fiave � , -. �
<br /> ' . ` ��,� enforcement oi this Securiry Instrument discontinued ai any time prior to the earUer ot (a} 5 days (or such other period as � ; < .
<br /> � appGcable law may speefty for reinstatemertt)6efore sate of the Property pursuant to any povrer of sale contained m this Securily p.l t: ...
<br /> . � ���� InstrumenT, or (b)enby oi a jude�nent entordng this Security Instrument Those conditions are that Bortower. (a} pays Lender atl � �. :_ ;- _
<br /> u sums vihich then would be dus under this Security t�strument and the Note as it nv acceleraiion had occurred: (b)cures any q� s-.� ,`�
<br /> � � defautt of anyr other covenant or agreements: (c) pays aIl expenses incuRed in entorcing this Securiry Instrument, inGuding. but .� , '
<br /> � , � not limfted to. �easonable attomeys'fees: and(�takes such adion as Lender may reasonably require to assure that the lien of •
<br /> . • . .,�`. � , this Securiry tnstrumen� Lendets rights in the Property and Borrower's ob6gation to pay the sums secured by this Security
<br /> � ' ' . tnsCument shafl continue unchanged. Upon refistatemertt by Borrower, this Secnrity Instrument and tha obligations secured - -
<br /> hereby shall remain futty efrective as"rf no acceteration had occurred. However,this right to reinstate shall not apply In the pse .
<br />� � af acceleraUon under paragraph 17. "_ •
<br /> ` � 1S. Sate of Note; Chan�e of Loan Servicer. The Note or a a paRiat interest in the Note (together with thls ,. <
<br /> , � . Securiry Instrument)may 6e sold one or more times without prior noUCe to Ba:rowet A sale may resuft in a change in the entily `,
<br /> . �, (icnown as the 'Loan Servicer')that collects monthSy payments due under the tiate and:his Securiry InsWmerrt. There atso may _•� t�: "
<br /> � �. be one or more changes of the Loan Senricer unrelated to a sale of the Note. Ii there is a change ot the loan Senricer. • _ .:"
<br /> � BoRawer wU 6e given writlen notice ot the cfiange in accordance with paragraph 14 above and applicable Iaw. The notice wilf . . �•'+`--
<br /> state the name and address of the new Loan Servicer and the address to which payments should be made. The notice wiD also
<br /> 'y cantatn any other intortnaUon required by appGcable taw. , _
<br />- , , ;�� 20. H�►dops Su63t8rtCes. Bortowsr shafl not cause or pertnit the presence, use, disposal. storage, or�elease of __
<br /> any Hazardous Substances on ar in the Property. Bortower shaU nat do, nor atlow anyone etse to do, anything attecUng ihe _ .___
<br /> � , �" � Properry that is in viotation af any Envlronmental Law. The precedmg two sentencea shall not apply to tAe presence. use,or _ _
<br /> t.'`� slorage o�the P►operty ot sm�ll quantities of Hazardous Substances that are genetaly recognized to be appropriate to normal : �.�_w_�
<br /> ' ' �. •.,{ residential uses and to malntenance of the Properly. ; -
<br /> ���� Bortower shall promptly give Lender written notice ot an investi ation, ctaim, demand Iawsuit or other acUon by any
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<br /> , - govemmental ar regutatory agency or private pacty invoMing the Property and any Hazazdous Su6stance ar Environmental Law o1 �• �_;,,�;;_'
<br /> � ' ,� which Bortower has actual knowledge. If Bortower leams, or is natifred by any govemmental or �egulatory autfiority, that any - �L°"`�_
<br />- - - � { removal or other remediation of any Hazardous Substance affecting Property (s necessary, Borrower shaD promptly take all . �,:"��'
<br /> �, . : ` ��i necessary remec5at actions in accordanee wfth Environmertal Law. � V� ���`
<br /> � ` � . �—
<br /> '� As used in thls paragraph 20. 'Hazardoua Substances'are those substances defirted as toxlc or hazardous substances by --
<br /> Envlronmentat Lsc� and the following substance�: gasollne, kerosene, other ftammabte or toxlc petroleum products, to�dc �__
<br /> pesticldes and herbiddes,votatile solvents.matedals containing asbestos or fortnaldehyde,and radtoacpve matedals. As used ln • . »;,��
<br /> � • paragraph 20, 'Environmental law' means tederal lawo and laws of the jurisdiction where the Property is Iocated that relate to • . �,��:;:
<br /> , . heel'.h, safety or envlronmental p.-otection. �
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<br /> • NON-UNtFORM COVENANTS.Bortower and Lender turther covenani and agree as foltows: � � � ���. ;-� �
<br /> ` -- � 21. Acceleration; Remedies. Lender shall gtve notice to Borrower prior to acceteratlon . '.��..•
<br /> 1.. � ' � followi�g Borrower's breaah of any covenant or agreement in this Security lnstrument (but not � � . '-•�����-�:
<br /> rlor to acceteraiion under ara ra h 17 unless a Uca618 law rovtdes otherwtse�. The notice . "` .'':-'�
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<br /> _ • sha11 specity: (a) the default; (b) the action required to cure the deTault; (c) a date, aot less than : . • ,`;��-��
<br /> , 30 days trom the date the notice is given to Borrower. by which the default must be cured; and �• _=
<br /> � „ (d) that fa�oure to �ure the default on or before the date speciftest in the notice may ►esult in , ••�'��-
<br /> ` acceteratton af the sums secured by this Security Instrument and sale of the Property. The notice � � � -��`"
<br /> � s6at1 further lniorm Bonawer af the Nght to reinstate aRer acceteration and th0 rtght to bring a •� . .. ��-
<br /> � court actfon to assert the non-existence of a detautt or any ather detense of 8on�:�� to . � � ��
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<br /> � � acceteratton and sate. If the deiault is not ca�7ed on or betore the dale specffied in the n�ttce, ��'�:"`. �•
<br /> , .� Lender at Its option may require immedfate�aymeM 1n tul! of all sums secured by thts Se�uri4y ' . � .: --
<br /> 2 Instrume�4 wtthout further demand and may Invoke the power of sate and any other remedies . �.. _
<br /> • , Aermi4ted i�y app8cable law. Lender shall be entttled to coltect all expenses incurred in pucsuing , . �. . �
<br /> � ' �I.ba �emediea provided in this paragraph 21, inclading, but not 11mit9d to, reasonabte atta:�r�oys' " • ' '�
<br /> � . � fr�as and costs of titte evidence. • . . �
<br /> � . . H the power of sale is invoked. Trustee shaU �ecard a notice of datault In each county i� : " .
<br /> . whlch any part af the Property ia located and shall mail copies of such notice in the manner : .
<br /> • prescrl6ed by appUcable law to Borrower and to the other persons prescribed by apptica[�ie Iaw. . �
<br /> ' • After the time requlred by applicable law, Trustee shall give public notice oi sale to the �sersons • �
<br /> . and in the manner prescribed by appllcabls taw.Trustee, without demand on Borrower. s::all sell
<br /> 4he Property at public auctlon to the hlghest bidder at the tlme and place and under the terma , , .
<br /> , ' destgnated in the notice of sale in one or mare parcefs and In any order T�stee determines. • : . �
<br /> . • Trustee may postpone sate of all or any parcel of the Property by public announcement at the • � . .
<br /> . fiir�e and place of ar.;� previously schedu�ed sale. Lender or its designee may puroFsaso the '
<br /> ' Property at any sale. �
<br /> � � Upon receipt of payment o! the prlce bid. Trustee shall deUver to the purchaser Trustee's . •
<br /> � deed conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of • .
<br /> ' � the t�uth of the s4atements made therein. Trustee shall apply the proceada of the sale in the
<br /> � • i following order: (a) to all costa and expenses of exercising the power ot sale. and the sale. �
<br /> ; including the payment of the Trustee's fees actualty incurred. not to exceed three �'. �
<br /> ' . % of the princlpal amount ot the 4 � , :
<br /> �• • ; note at the time of tfie declaration of detauft, and reasonable attorney's fees as pefmitted 6y law; ` . .
<br /> � (b) to all sums secured by thts Security tnstrument: and (c) any excess to the person or persons �. � ,
<br /> i legally entitted to it. '. �
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