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<br /> . 17. Yransfer af the Rwperly or a Beneficial interest tn Borrawer. If ad or any part of the Property or � `
<br /> any irtterest in ic is sotd or transterted(or if a bene6aal iMerest in Borrower is sold ar transferred and 8orrower is not a rtatu�al �
<br /> , i Person)wiihout Lender's prior writien consen�Lender may.at its option.require immedi�e payment in tud of all sums secured by � , ' e ` . '�
<br />= this 3ewrity Inshument Howaver.this apU4n shall not be exe�sed by Lender if exercise is proh�bited by tederal law as of the � �, ,„
<br /> ; f.�_ i
<br /> - -- ��-� date ot this Seatrity Instrument. �—�—. —
<br /> � N Lender exerdses ihis option. Lender shaU give Bortower notice of acceleration. The notice shall pwvide a period oi Aot --- _
<br /> � less than 30 days 5nm the date the nodce is dd'ivered or maHed withi� whicfi Bortower must pay aA sums secured by this � � � .
<br /> ` Sewsity Instrument Ii Borrower fa�1s to pay these sums pdor to the expira�tion of this pe�iod Lend�may invoke any rPmedies � , .
<br /> = pertnitted by this Security Instrumert without turther nodce ar demand on Bortower. � _ " � . �
<br /> ` 1g. Bonaarer's REgM to Reinstate. if Barrower meets cetain conditions, Borrower sha➢ have the dqht to have �
<br /> enfor�nstt of this 3ecurity Instrument discorRlnued at arry lime Prior to the earQer ot (a) 5 days (or such other period as � , �'�
<br /> . ` appGmble law may sped[y for relnstatement)before sale ot the Properry pursuant to any power of sala contained in this Security � -
<br /> ' InsRumen� or(b)entry af a judgment e.ntarcing this Seatrity Instrument Those condidons are that Borrower: (a) pays Lender all
<br /> sums which then would be due under this Securiry InsWment and the Note as it no accdetation had accurted: (b) cures eny .
<br /> - �- -- - - de(auft of anyr other covenant or acyeemerris; (c) PaYs all expeases incurted in entoreing this Security irrstrurnenl, including, bu[ ,--: -- ----_`:
<br /> not rimited to,reasonable atiomeys'teas:and(t�takes such action as Lender may reasonably requira to assure that the Len of .
<br /> this Security Ins�ume�, Lend�s dghts (n the Ptoperty and Borrow�s o6Ugation to pay the sums seeured 6y this Securiry . `
<br /> Inshumerrt she0 eantinue vnchanged. Upon �einshateFnent by Borrower, this Securiry tnstrument and the obGgations secwred . , : ,. ..
<br /> .. . hereby shag remain{uUy ef(ecdve as if no acceleratian had occvrred_ However.this tight to r�sffite shall net apAty in the mse _ ,
<br /> � ot acceleration under para9raPh 17.
<br /> � 19. Sele Of Note; ChBltge Of LOatt SeTV1Cel'.The (Jote or a e pardal interest in the Note (togeiher with this �
<br /> � , Security tnshumlent) may be sotd one or more tlmes without pdor noUce to Borrowec A sate may result in a ehange in the entity • �ti_�. ..
<br /> • (Io�own as ffie'Loan Servicer)that coUeets morrthly paymmts due under the Note and this Security Instrument. There also may
<br /> • ' � be o�e ar more ehanges of the Loan Servicer unrasted to a sale of the Note. fl there is a change of the Loan Servfcer. - ' �:��
<br /> ` Borrower wiU be given written rsot[ce of the change in accordance with paragrapfi 14 above and appllcable Iaw. The noUce will ,''a-`_�
<br /> .. � �,,. ,�,
<br /> �; sfate the name and address of the new Loan 8ervicer end the address to which payments shauld be made. Tfie noUce vriD atso • ;�€_.
<br /> ; contatn any other I�ormatlon requtred bY eAAUrahte taw. � ��"��`_,
<br /> `. _� 20. Id8z8rdOt18 Su6S48RC@8. Bortower sfiaii not cause or permit the presence. use, dispo s a t. storage, or release of � . . ' �
<br /> . � � any H�rdous Subsfances on or in the Property. Borrower shall not do, nor atlow enyane etse to do, anytAing aftecUng the P �`'�s= '..
<br /> ° proPerty that is tn vfotaUon at any Emlronmer�l Law. The preced'ing lwo serde�ces ahaU not apply to the presence,use,or ! .' �._. Y '
<br /> • , storage on the Properry of smaU quant�tes ot Hazardous Substances that are genergtty recognized to be approprFate to nomial • � ----�-���?.�
<br /> # resfdenUa!uses and to mafitenance of the i�operty. �'�.;"�';
<br /> i� ,. f���:.;;�-:.�.
<br /> Borrower shsU promptty glve Lender written notice af any investlgatton, Gaim, demand tawsuit or other actton by elly y,��: ��w,�;
<br /> � � ` govemm�tal or regutatory agency or private party tnvolving the Property and any Hemrdous Substance or Environmental Law of 1'. � ���:�'c'•
<br /> , ,,�;;�;.�;'_
<br /> which Borrower has setuai tmrnMedge. It 8orrower leams, or is notifled by any govemmental or regulatory suthority,that any „ '�- .:::�
<br /> � • removal or other remediatfon ot any Hamrdous Subsmnce aNeedng Property is necessary. Borrower shali promptty take all .'�;o���-`'-
<br /> ;. ' � necessary reme�al actlons fi accordance witfi Environmentaf Law. � :r..'';;�_"
<br /> � As ased in this paragraph 20, 'Hezardous Substances' are those suhstances deftned as toxic or ha�ardous substences by ' :•�.�,;;:r� V
<br /> ` �a ErnUonme�l Law and tha foilowfng substances: gaso0ne, kerasene, other 4ammabte or toxic petroleum p�oducts, tox(c • • .� y�:`���';.;:
<br /> , pestiddes and herbtddes.volatDe soNents,materlals contain(ng asbestos or fortneldehyde,and radioactive materfals. As used in � � . "` �-'`
<br /> ' paragraph 20, 'Envtronmental Law' means tederal taws and iaws of the jur(sdic6on where the Properry is located that relate to ___ � '�'k:
<br /> �:,„-
<br /> j . health,safery or environmental protec8on. ;.:, ' . ''`�•-:�>;e�
<br /> �- NON-UNIFORM COVENAN7S.Borrower and 4ender turtfier covenarrt and egree as toilows: , ,. `r'��
<br /> .�-�t.�:==:.
<br /> 21. Accetewatton; Remedies. Lendor shall give notice to Borrower prior to acceleratlon � .,; �: ; ;:�.:��
<br /> �� � foltawing Barrower's bveach of any covenant or agreemeM in thls Security Instrumerrt (but not • .�= -
<br /> prior to acceleratton under paragraph 17 untess a�plica6te law provides otherwise). The notice �'�_"
<br /> shafl specify. (a) the defaul� (b) the action required to cure the defautt; (c) a date, not less than � ;.-.-y -
<br /> 30 days from the date tt�e aotiee is �iven to Borrower, 6y whleh the detault must be eured; and � . ,,� �';'�.� '
<br /> _ (d) that faiture to cure the deiaul4 on or before the date spacifted in tha nottce may resuit in �"..�:_::
<br /> acceterat�on of the surr�s secured by this Securlty Instrument and sale M the Property.The nottce ' . � . .��.
<br /> ' aha11 further inform Borrower of the right to �einstate a4ter acceteration and the rtght to bring a � ' :'�*�:'
<br /> � court actlon to assert the nomexistence M a detau[t or any ather defense of Bonower to � _. � "`=�';
<br /> � � acceleration and eate. If the default Is no4 curod on or before tAe date specified tn the aottce, � . �
<br /> , 1 Lender a! iis optton may require immediate paymerrt in fu0 of atl sums secured 6y this Security . .
<br /> ; � Instrumetft wtthout tuRher demand and may invake tfte power of sale and any other remedios ; . .. ^
<br /> permitted by applicable law. Lender shail be entitted to collect ali expenses incurred in pursuing � .
<br /> � the remedies pravided in thia paragr�ph 21. including, but nat Umited to, reasonabie attorr�ey$' � . ,
<br /> ' _ � tees and cosfs of title evidenco. , , ` :
<br /> � ( tf t3�e power o4 sate 1a Invoked, Trustee shall record a notice of detault in each courriy in :
<br /> whicb any part o! the Properly is located and shall mail coplea of auch notice in the manner 4�
<br /> � prescribed by applicable law to Borrower and to the other porsons prescrlbed by applicable law. � .
<br /> ;. ' � A4ter the tima required by applicabfe law, Trustee shall give public notice of sate to the persons
<br /> � , artd in the manner prescri6ed by appllcable law.Trustee, without demand on Borrowar. shalt setl
<br /> the Property at public aucUon to the highes4 bidder at the time and ptace and under the terms . .'
<br /> . designated tn the nottce of sale in one or more parcets and in any order Trustee determl�ea. �
<br /> � � Trustee may postpone sale of all or any parcel of the Property by public annouecement at the
<br /> '. � time and place ot any previously scheduted sale. Lender or its designee may purchase the �
<br /> � Property at any sale. � (
<br /> �;, � Upon receipt o! payment of the price bid, T�ustee shail deliver to the purchaser T�ustea s r
<br /> ' deed conveyirtg the P�operty. The recitala In the Trustae's dleed shall be prlma tacle evldence of �
<br /> • the truth of the atatements made therein. Trustoe shall apply the proceeds of the sale in the �' �
<br /> •• following order. (a) to a0 costa and expensea W exercising the power of sate. and the sale, f
<br />. ```�� � including the payment of the Trustee's teea actualty incurred, nat to exceed 1.OD ` '
<br /> • ' % of the principal amount of the ( .
<br /> note at the tlme ot the declaration of deiault, and �easonable aitomey's fees as permitted by law; � •
<br /> ' . (b) to all sums secured 6y this Security Instrumettt; and (c) any excess to the person or persons , �
<br /> legally eniitled to i�
<br /> ��� ' �
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