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<br /> `'�: . � 17.Tiansfer of t6e Ptoperty or a Ben�cia!Interetit tn Borrower.If all or any part of the Property or any interest in it ` . .
<br /> . ` • is sold or transferred(or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person)without �� `'� `°'' •
<br /> '"' � ' . � Lendei s prior written consent. I.ender may, at its oppon, require immediate payment in full of all sums secuted by thi� ,:: ::�:.��`� ';�t":"
<br /> . ` �-�-' Security Instrument.However,this opuon stiall not be exercised by Lender if exercise is prohibited by federal law as of the date • •
<br /> ~r"`� of this Security lnstrument. . ,
<br /> - � •--- • � If Lender exercises this oppon.Lender shall give Borrower nouce of accelerauon.The nouce shall provide a period of not S' �`<4 � .��
<br /> ���-�T�`.--�== tess tfian 30 days from the date the notice is deiivered or mailed within whicfi Borrower must pay all sums setured by this - '� `�
<br /> � 4 . v . "-,i Security Instrument. If Borrower fails to pay these sums prior to the expirarian of this period, Lender may imoke any remedies <�,- . n:' .
<br />_ ' . _ permitted by this Sec�uity Inswment witt�out further notice or demand on Borrower. - . • -
<br />_ ' '� �:= 18. Borrowes's Right to Relnstdte. If Borrower meets certain conditions�, Borrower shall have the right to have , ", .
<br />_ - ., . _ : � enforcement of this Setitrity instnunent discontinued at any time prior to the earlier of: (a) 5 days(or such other period as �```: '� �
<br />-r.����. ts applirable law may specify for reim-tatement) 6efore sale of the Property pursuant to any power of sale oontained in this . -
<br /> _ � Security Instmment-or(b)entry of a judgment enforcing this Security Instrument.Those conditions are that Borrower.(a)pays
<br />° ' � ,� Ixnder al! sums wfuch then would be due under this Seairity Insuument and the Note as if no accelerarion had occmned;(b) '�,.°�"-."•
<br /> - aues any defau}t of any other cavenanu or agreements:(c)pays all eapenses incurred in enforcing this Security Instrument. _
<br /> � ". ' ' including,6ut not limited to,reasonable attomeys' fces;and(d)takes such adion as L.ender may reasonably require to assnre . � ---
<br /> � _ • . - that the lien of this Security instrumeat, i.ender's righu in the Property and Borrower's obligation to pay the sums secured by .. . ---
<br />- ' this Security Inswment shall continue unchanged. ilpon reinstatement by Borrower, this Security Insqument and the `
<br /> - � � " obligadons secured hereby shall remain fully effective as if no acceleration had occurred. However,this right to t�einstate shall , °'.<� ���
<br /> . . .��,,,,.. ;.
<br /> ' not apply in the rase of accelerauon under paragraph 17.
<br />-_. ' , 19. Sate of Niofe; Change of�an Servtcer. The Note or a partial interest in the Note(together with this Sec�rity , � `
<br /> . Instrument)may be sotd one or more times without prior notice to Borrower. A sale may result in a change in the entity(known ��
<br /> ` ';.,;#: as the"Loan Servicer")dtat collects moat6ly payments due under the Note and this Security Instrument.Thers also may be one ' y:�
<br /> - -� ---- � - or more changes of the Loan Servicer unrelated to a sale of the Note.If there is s change of the Loan Servicer,Borrower will be °: .�._�
<br /> � given written notice of the change in acoordance with paragraph 14 above and applicable law.The norice wiU state the name and ,.;'*'�
<br /> . address of the new Loan Servicer and the address to which payments should he made. Thr,notice wili also contain any other . ���=T
<br /> :. . ,"�� infomtation required by applicable law. . . `=�-'�' `'
<br /> • 20. Hazardous Substaaces. Borrower shsill not cause or permit the presence, use.disposat, storage, or release of any • . .��:�;��,,.
<br />_ ' ': ' HaTardops Substances on or in the Pro e Borrower shall not da, nor allow an une else to do, an •""�'' "� ----
<br /> - . P nY• Y Y�ing affecting the "°.,.- .. ,._
<br />_ ` Property that is in violation of any Environmentnl Law. The preceding two senteaces shall not apply to the presence,use,or •� "�: �,�_
<br /> � sto e on the Pra e of small uantities of Hazardoas Substances that are enerall reco to be a ro nate to normai � " � -_==
<br />= � , �S P rtY 9 g Y SI►�� PP P � � :�,......6.
<br />_ , residenual uses and to maintenance of the Property. � � �" •
<br /> � Borrower shafl prompdy give Lender wntten notice of any inves6gauon,claim, demartd. lawsuit or other acrion by any ��.:�{„ �;.,;:
<br /> '=���� - -- - • govemmental or reguluory agency or private party involving the Property and any Hazardous Substauce or Environmental Law " ' � +-
<br /> _ � of which Borrower has actual knowledge. If Borrower leams, or is notified by any govemmenta!or regulatory authority. that , - � 's'Pi�!±t:=
<br /> ' ,_, any removal or other remediation of any Hazardous Substance affecting the Property is necessary.8orrower shall promptly take •�. s"'
<br /> � all necessary remedial actions in accordance with Environmental l.aw. � " ��'�%.=��-'-
<br /> . • • . ."" As used in this paragraph 20, "Hazardous Sobstances" are those substances defined as toxic or harardous substances by � . `� �
<br /> `� •..
<br /> ' '�. ' Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic • '•' �� �"-
<br /> ` - -' pesticides and herbicides,voladle salvenu.materials containing asbestos or fam�aldehyde,and radioactive materials.As used in � � ' ' ��`��R
<br /> � ' ' ' , � ' this paragraph Z0. "Environmental Law" means federal laws and laws of the jurisdiction where the Properry is located that •• ��z?-
<br /> . . relate to health,safety or environmental protection. ' . •.`�:�';_;
<br /> . � NON-UNIFORM COV ENANTS.Borrower and Lender further covenant and agree as follows: • �--
<br /> `.' Zl.Acceleratton;Remedies.Lender shall gi�e natice to Borrower prtor to acceteration foltowing Sorrower's breach � �-
<br /> _ . • af any covenant or agreement in this Security Instrament (but not prior to acceleratton under para�raph 17 unless . ��-_
<br /> � • � applicable law provides othernise).'t'6e notfce shall spedfy: (a)the detault;(b)the act�on required to cure the defauit; ' . _:�
<br /> . � fc)a date,not less t6an 30 days from the date the nottce ts gds•en to Borrower,by w6fch tlie default must be cured;and • �--
<br /> - - . (d)that failure to tare the default on or 6efore the date spesidied in the notice may resuJt in acceteistton of the sums
<br /> _ : secured by thfs Security Instrnment and sale of ihe Properiy. The notice shall Purther Intorm Bomower of the dghi to . , . _
<br /> : reinstate af'ter aceeteration and the r�ght to bring a court actton to assert the non-existence of a deFault or any other '
<br /> � . defense of Borrower to accefe�ttor and sale. If the default is not cured on or before the date specitted in the notice, • ' `
<br /> ��2 ' • ' Lender, at its optton,may require immediate payment in full of all sums secured by this Security Instrument without - � .. ' --- -
<br /> • . • . ' further demand aad may invoke the power of sate and any ather remedic,w permitted by applicable tativ.Lender shall be . ��
<br /> � • � . entitled ta coltect all expenses incurred in pursuing the remedles prov2ded in this paragraph 21.inctuding,but not limited • '
<br /> ' ' � � to,reasonabte attorneys'tees and costs of title evidence. � � .
<br /> ' . IY the po�ver of sale Is Invoked.Tru�tee shal! record a notice of default in each rnunty ia +vhich any part oY the •
<br /> - Praperty is located and shall mail copies of sach notice in the manner prescrlbed by applicable Iacv to Borrowee and to ' ..
<br /> - the other persons prescdbed by appiicable law,After the time required by appUcable law,Trustee sha11�ive publlc nolice " " � �
<br /> of sale ta the persons and in the manner prescribed by appficable law.Trustee,without demand on Borrower, shall se11 •
<br />_ ,. the PropPrty at publlc aaction to the highest bidder at the time and place and under the terms deslgnated in the nottce of � ��
<br /> , � • _ sale in one or more parcels an�in any urder Tnutee determines.Tnuter may postpone sale ot all or any parcel of the . . ',
<br /> Property by public announcement at the time arcd place of any previously scheduled sale. Lender or its designee may . • • .
<br /> � purchase the Property at any sale. � - �
<br /> Form 3028 9/90 , � '
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