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<br /> , � ` 17.Transfer of the Property or a�en�cial Iriierest In Botmwer.If ail or any part of the Property or any interest in it � " �� �
<br /> 4 ;<• -:�`� is sotd or transfernxl(or if a benefecial interest 9n Bomower is sold or transferred and Borrower is not a natural person)without • `
<br /> . � � Lendei s prior v✓ritten coosent. Lender may. at its option, require immediate payment in full of all sums secured by this �.��,;�' �:�, • •
<br /> � `.� Security Iiuuument.Kowever,this opuon shall not be exercised by Lendec if exercise is pmhibited by federal taw as of the date -,_ .'
<br /> �.- :� �: - of this Security Instrument. � • ,
<br /> ' "�`•�----y' If Lender exereises this opuon,Lendsr shall give Borrawer nouce of acceleration.The nopce shall provide a period of not � •• •
<br /> • -�.`�="`��s tess than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this � °,�- � � -
<br /> : � -
<br /> `` =.-* ---- Secvrity Insinm►ent. If Borrotiver fai(s io pay these sums prior to the exgitaiion of this periosi. Lender may involce any remedi�s � - --
<br /> + � permitted hy this Security Iustrument without further aotice or demand on Borrower. � . , '
<br /> '�•` " 18. Borrower's [tight tu Reinstate. If Bosrower meets certain rnnditians. Borrower shall have the right to have a ' .
<br /> � � ' '_ enforcement of this Security Instrument discontinued at any time prior to the earlier of: (a► 5 days(or such other period as `
<br /> _ ' : applicable law may specify for reinstatement) before sale of the Properry pursuant to any power of sale contained in this
<br /> � . � ,- Serurity Instrument:or(b>entry of a judgment enforcing this Security Irutrument.Thase cunditions are that Bomower.�a)pays ,' . .
<br /> _ L.ender all sums which then wauld be due urcder tbis Seruriry In.trument and the N�te as if no acceleratiun haJ occurred:(b)�i:
<br /> . '. , ' cures any default af any other covenaats or agraments:Ic)pays all eapenscs incurred in enfnrcins thiz Security Instrument. ;I` !�:��;;..�•,`_
<br /> . � including. bui noi limited tn,reasnnable attorney; feeti:and td>tslces such action as Lcndcr mry rcau�nab{y reyuire to assure � .•
<br /> , ' ' that the licn of this Secvcity Instrument, Lender s rights in the Property and Borr�wer's nbligatinn ta Pay thc sums�ecured by � ' ,,._
<br /> , . . this Security Instniment shall continue unchangcai. Upon reinstatement 6y Honower, this Srcurity [n�irument and the ' ;`'.,:, :r
<br /> - . :. • obtigations secured hereby shall rcmain fully effective as if nc acceteration had ow�rred. Nowevec. this right to reinstate shall ' -
<br /> ;%• ' � '� noi apply in the casc af accctcration undcr pazagraph 17. '` .�
<br /> °' � , ;, 19. Sale of Note; Change of Laan Servicer. The Note or a pactial interest in the Note Itagether with this Security '
<br /> �� • , � InstrumenU may be sold ane or more times withaut prior notice to Bt�rrower. A sale may�esult in a change in the entity(known �:
<br /> ` � •e as the"Loan Servicer")that collects monthly payments due under the Note and this Securiry Iatitrument. There also may 6e one ` °
<br /> � '. or more changes of the Loan Servicer unrelated to a sale of the Note.If there is a change of the Loan Sen icer.Borrower will be ��
<br /> - ' . � '"� given written notice of the change in accondance with paragraph 14 above and applicable law.The notice wiil state the name and -•
<br /> . . �. �-�. -��;__--
<br /> address of the new Loan Servicer and the address to which payments should be made. The notice will also contain any other --
<br /> .:; • . , infom�ation required by applicable law. �-i
<br /> ;';, �. � �,j��� � 1A. HazaMous Substances. Borrower shall not cause or permit the presence, use, dispasal, storage, or release of any '.; �"`-
<br /> � Hazar�dous Substances on ar in the Property. Horrawer shall not do, nor allow anyone else ta do, anything affecting the � �y"
<br /> _ � :. Property that is in violatian of any Environmental Law. The preceding two sentences shall na apply to the presence, use,or • - ::�-`�_
<br /> ' '' �V ` storage on the Property of small quantities of Hazardous Substances that are geneially recognized ta be appropriate to norn�al •',,,:'._; -
<br /> � �• residential uses and to maintenattce of the Praperty. ,, __
<br /> : `; � • Borrower shall prompUy give T.ender written notice of any investigation,claim.demand.lawsuit or other action by any :u.�= -
<br /> . � � govemmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmentat Law ,:.':4,,,_,::,.—
<br /> . . ' of which Borrower has actuai knowletlge. If Borrower leams,or i�notified by any governmental ar regulatory authoriry,that -
<br />-� . . ' . any removal or other remediaqon of any Hazardous Substance afFecting the Property is necessary,Boaower shall promptly take ' . �,�,
<br /> • all necessary remedial actians in accordance with Environmenta!Law. ,.' •, :�_ .
<br />_ , As used in this par�raph 20. "Hazardous Substances"are those substances defined as toxic or hazardaus substances by - - =����"• �
<br /> - t.::-
<br /> - _.:. Environmental Law and the follawing subttances: gasotine, kerosene,other flammabte or toxic petroteum products. toxic . �
<br /> • �. pesticides and herbicides,volatile salvenu,materials containing asbestos or formaldehyde.and radioactive materials.As used in _-
<br />.. ='� ---. -;.��z tdis paragraph 20. "Enviranmenta! Law" me�ns federal laws and taws of the jurisdiction where the Property is located that •� -�`�=
<br /> ' • E relate to health,safety or environmental protection. _ `?`�'-�`
<br /> . � NON-U;v7FORM COVENANTS. Borrower and Lender further covenant and agree ac fallows: �. � ::�,.
<br /> , , 21.Acceleratlon;Remedies.I.ender shall give notice to Borros�er priar to acceferatEon foftowing Borrower's breach . : �� `;���.
<br /> ' � ~� of any covenant or agreement in this Security Instrument (6ut aot prior to acceleratton under paragraph 17 unless
<br /> � ' � appLcable taw provides olherwlse).The notice shall specify: (a)the default; (b) the action required to cure the deYaoft; • -
<br />"�•'.' • � (c)a date,not le�s than 30 da ys frum the date the iiotice is gi�en to Borrowes,b y which the detauli mus�be cured;and - • ,
<br /> , � , (d) that faiture to cure the default on or before the date spetitied in the notice may result in acceleratton of the sums ' .;y-
<br /> �� � secured by this Security Tnstrorteent and safe of the Property. The notice shall further inform Borrower of the t to -
<br /> ' � � reiasYate after acceleration and the vight to brinR a coart aciion to assert the non-existence of a deYault or any�o her
<br />, �`.�,. defense of Borrower to acceteration and sale. IP the default is not cured on or befose the date spedfied in the notice. ��
<br /> �'•.-:: • i Lender,at its optlon. mar require immediate payment in full of all sums secured by this Securlty Instrument without - • -
<br /> _ ,.; further demand and may invoke the power of sale and any other remedies permitted by applicable law.Lender shall be . _..,;_��
<br /> : �:` �.' " -_ entitted to collect all expenses incurred in p�suing the remedies provided in this paragraph 21,including,but not Umited �. . .
<br /> to.reasonable attorneys'fees nnd wsts of tit�a evidence. . . ' ��
<br /> . . . . IP the po�ver of sale is invoked. Trustee shall record a notice of default in each county in w�hIcb any part of the
<br /> Pmperty is tocated and shail mail copies of sach notice in the manner prescrtbcY!by applicable law to Borrower and io ', •
<br /> , the other persons presc�ibed by applirable law.After the time required by applicable law.Trustee shaU give public notice-�, � .
<br /> � of sale to the per�ons and in the muntter presc�ibed by applipblc taw,Trustee. without demand an Horrower,shail setl •. . ' n �
<br /> .` ' the Property at public auction to the highest bldder at the tlme and place and under the tertns desi�ated in the notice ot . '
<br /> . sate in one or more parcels and in any ard�r Trustee determines. Trustee may pasipone sale of all or any parcel of the � '
<br /> • � ' . Property by public annouRCement at the tlme and place of any previously scheduted sale. Lender or its desi�,mee may ., • �
<br /> _ . � purchase the Property at any sale.
<br />=____ , Form 3028 8/90 = ,_
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