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<br /> -- < � ' � 17. Transfer of the Property or a BeneScial Interest in Borrower. If all or any part of the Property or � ; •
<br /> � � '�. any ►nterest In it fs sotd or transterred (or if a beneficial fMerest in Borrower is sold or tansferred end Bortower is not a natural �� , f:F`��,.
<br /> ` � ' ' person)without Lenders prfor wtitten consent, Lender may,at its option, require immediate payment in tuD of a0 sums secured by :
<br /> this Security InsUument However,this oplIon shali not be exercised by Lender H exercise is proh�bited by tederal Iaw as of the i . ���� .• � ��
<br />-. �� : � - - dafe ot this Sew�ty tnswment �
<br /> (•... `i ,
<br /> � if lendcv exert�ses this opUon,I.�der sha0 give Bortoww noUce o}accelaation. The rtotice shall pro�ide a period of not � -
<br /> - . � S@ r
<br /> ..� � less than 30 days trom the date the notice is defivered or maHed within whf�eh Bortaw� must pay all sums secured by this � - � -- .
<br /> Seatrity Instrument If Barrower tals to pay these sums prfor to the expirailon of ihis period, lender may invoke any re�ed�es ,,
<br /> �• permitted by this Securily Instrument wfthout turther notice or demand on Bonower. � t . " "
<br /> 18. Borrower's Rlgi9t to Reitls4ate. It Borrower meets eermin conditions, Beaower sl�aU have the dgM to have � ( . �
<br /> entorcement of this Security Instrument discontinued ai any Ume pdor to the earlier ot (a) 5 days (or such other period as '
<br /> � - appficabie taw may spedty tor relnstatement)betore sata ot the Property pursuant to any power of sete conmU�ed in this Sewrity � � • .�';�_;
<br /> � - Instrumenk or (b)entry of a judpnent entorcing this Securiry Instrument Those cond�tions are that Borrower: (a) pays Lender aQ , �
<br /> � �;,�� sums which then wautd be due under this Security InsWment and the Note as'rf no acceleration had occur►ed: (b) cures eny � � '
<br /> � defautt of any other eovenant or agree�nents: (c� pays a0 e�enses incurted in enforcing this Securiry InsUUmerrt, indudng, but �
<br /> .°�:..
<br />- � � � i not fimited to, reasonable attomeys'tees;and (�takes such action as Lender may reasonably require to assure that the Ren ot �"-` --" �--
<br /> � , i this Security instrument Lenders rights in the Property and 8ortowers obligaUon to pay the sums secured by this Securiry .
<br /> • Instrument shall contlnue unchanged. Upon �einsiatement by Bortower, this Securiry Insbumerrt and the ob@gations secured � : •
<br />_ � • hereby shaii rematn fisilyr ettec�ve as'rf no acceleration had oecurted. However,this rtght to reinstate shaD rtot appry in the case ���'•
<br /> � of accetera6on u�der paragraph 17. "%:` _
<br /> 19. SSIe of NOt9; Change of L�an Servicer.The Note or a a partial interest in tha Note (together with this ,�`�`.`' _
<br /> Security Inspument) may be sotd one or more times without pdor notice to Borrower.A sate may result in a change in the erttity _ .``;�'-'
<br /> � , . , (Imovm as the 'Loan Servicer')that coilects monthiy payme�ts due under the Note and this Security Instrument. There aiso may . � '���• �:_
<br /> � be ane or more changes of the Loan Servicer unrelated to a sale of the Nota It there is a chanqe o!the Loan Senrtce�, • ' i'=��`':
<br /> : ' � " Borrower wU be given rrritten notice of the change in accordance wfth paragraph 14 ebove and appOcable law. The notIce wID :.:�;;:•:._"t.�'� =;r�:::
<br /> � staie the name and address of the new Loan Servicer and the address to which paymarts shouid be mado. The notIce wUl eJso ;��>,'- .�' g;;
<br /> � wrttatn anyr other intormatlon required bY aAPticable Iaw. �` -`� : a';:�.,
<br /> , 20. Ha�2rdOU8 Substatit�9.Borrower shail not cause or permit the presence, use, dtsposel. simage. or release oi . . ;r�:`:�;'
<br /> . t 9. -
<br /> �':�;,�._
<br /> � any Hazardous Substances on or in the Property. Bortower shafl not do, nor allow anyone eise to do, anything affecting the . • • �,a
<br /> � Property that is in vtotatlon of any Envlronmental Law. The preceding iwo se.ntences shall not appty to the pres�ce, use. or ..'t.�T
<br /> � storage on the PropeRy of smaU quar�titles of HazeMotu Substances that are generalry recognized to be appropriate to nortnaf �___, ---
<br /> restdential uses and to maintenance of the Properly. }�� -
<br /> � �._,
<br /> Borrower sha11 promptly give Lender written noUce of any investigation, dam►. demand, lawsuit or other actlon by eny
<br /> . �" .:r...,:a.
<br /> - ' govemmental or regulatory agency or private party tnvohring the Propetry and any Hazardous Substence or Environmental Law ot � �
<br /> .' •,•��...;.:is.
<br />__ , . .�.,� which Bortower has aGual Imowledga if Bortower leams, or is notified by any govemmente! or regulatory authorfty, that any _
<br /> � ; removal or other reme�ation of arry Hazardous Substance aftecting Property is necessaty. Bortower sha11 promptty take ell _ .. !"'�.
<br /> t ' : necessary remedia!acdons in accordance wtth EmironmenffiI law. � , ;''"""�
<br /> ; ,i . ,�,�,M.
<br /> . As used in tfiis paragraptf 20.'Hazardaus Substances° are those substances deflned as twdc or hatardous substent�s by . }y�1��_
<br /> •`` EnvironmerRal law and the foOowing subs�nces: 9esoMe, kerosene, other flammable or toxic petroleum produds, to�dc �-��e,
<br /> ' f pesdcides and herbictdas,volable soSvenis, mate►ials contafiing asbestos or fortnatAeAyde,and radioac6ve materisis. As used in '"`,"'_""'=-'
<br />-_ .� paragraph 20, 'Environmerftal Law' means tederel laws and laws of the Jutisdiction where the Property is located that mJate to , �,�=-,
<br /> heatth,satety or environmental protection. �V'� '
<br /> �': -k..
<br /> ...� NON-UNIFORM COVENANT3.Bortower and Lende►fuRfier covenart and agree as fo0aws: , ��
<br /> '.�.�,=.':
<br /> 21. Acceleratton; Remedtes. Lender sfiatl give notice to Borwwer prior to accela�ation � :i:�=
<br /> � ` tollowing 0oreawer's bresch of atry covenant or agreement 1n this Securtty tnstrumeM (but not � � � ;:�;=
<br /> _, �� p�ior to acceteration under paragraph 17 unless applicable Iaw pravtdes otherwise). The nattce , : ��-�
<br /> . . � • . .,.,:_
<br /> • � � shall specity: (a)the defau(t; (b) the ac4tun required to cure 4he defaul� (c) a date, no4 tes�than . ;��_.�
<br /> . � - 30 days from the dat� 4he notice is gb�n to Borrower, by which the defauf! must be cured; and '�-,�>
<br />' � • '; (d) that failure to cure the defaul4 on or before the date specifled tn the nottce may resu(t in . • -_
<br /> —_ = �`� acCele►ation of the sums secu�ed 6y thls Security Ins4rument and sale of the PropeRy.The notice ��'r�
<br /> sha11 turther ir�orm Borrower of ttte rlght to reinstate after acceleratlon and the right to bring a ''-_---
<br /> •Jz ' �� court actton to assert tha non-existence af a defautt or any other detensa of Borrower to • �'�. . .'� '"`�"
<br /> _ , � aeceteration artd sale. ff the defauft ia not cured on or before the date specifle� tn the notice, :_ •'�
<br /> Lender at ite optton may require immediate paymont 1n tull of all sums secur�d by this Secnri4y/ � ,,,�..
<br /> • i Instrumeo4 wlthout turther demand and may imoke the pawer of sale and any other remedies . . �
<br /> ` permitted by appltca6le law. Lender shall be entitied to collect all expensea incurred in pursuing •: _ . ;•. �
<br /> . � 4ha remedies provided in this paragraph 21. Including, but nat limited to, reasonabie attorneys' �t�
<br /> • l teea and costs af titla evidence. :
<br /> .; Ii the power of eate 1s invoked, Trustee ahall record a notice crf default in each county in
<br /> � which any part of the Property is located and shall mail coplos of such nottce in ti�a manner
<br /> � prescrlbed by appllcable law to Borrower and to the ofher persons prescribed by applicabte Iaw. . � �
<br /> � • � ' ARer the tlme required by applicable law, Trustee ahall give public notice of sate to tite persons . , -
<br /> �'` � � and in the manner prescrlbed foy appllcable law.Trustee, without demand an Borrower, shall selt .
<br /> � �; the Property at publfc auction to the highest bidder at the time and place and under the terms •.
<br /> � designated in 4he notice of sale In one or more parcets and in any order Trustee determines. � .
<br /> ". Trustee may Fostpone sale of al! or any parcel of the Property 6y pubfic announcement at the
<br /> time and place af any previously scheduled sale. Lender or its designee may purchase the •
<br /> Property a!any sale.
<br /> Upon receipt of payment ot the prico bld, Trustee shall deliver to the purchaser T�ustee's •
<br /> ' � ! deed conveying the Property.The recitals in the Trustee's deed shall be prima facie evldence o4 •
<br /> � the truth of the atatements made theretn. T�ustee shall appty the proceeda of the sale in ths •
<br /> . � following order: (a) to a10 costs and expensea of exercising the power of sale. and the sale, �
<br /> • ' including the payment of the Trustee's tees actually incurred, not to exceed three �
<br /> : ; : % ot the principal amount of the
<br /> � no4e at the time of the declaratlon of defaut4� and reasonable attomey's fees as permitted by law; � '
<br />- ��' � (b) to ati sums seaurod by this� Security Insl�ument; and (c) any excess to the person or persons !
<br /> � legally entitied to it. � ' _� �
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