|
,: �
<br /> ,`.
<br /> I ...
<br /> �
<br /> � 98- i'���3s �
<br /> � • 16.Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Securily Instrument. � ..
<br /> � 19.Trausfer of the Pruperty or e Aenercial Iuterest In Borrnwer. If all or any part of thc Property or any intcrest in it is _
<br /> � sold or vensfcned (or if a beneFicial intcrest in Borrawer is suld or vansfcncd and Bonower�s not a natural person) withouc •
<br /> LcndePs prior wrttten conscnt,I.ender may,at its opuon,requirc immediatc payment un full of all sums secured by th�s Sec�uity , __
<br /> Insuumen�Hawever,this option shall nat bc cxcrc�sed by Lcnder if cxcrcisc�s prohibited by federal law as of[he date of this i
<br /> 1 Sccurity Instrument� ' �.:
<br /> ' If Lender exercises ihis opuon,Lendcr shall give Borrower nouce of acceleradon.'fhe nodce shall provide aperiod of not less I .,
<br /> i than 30 days from the date the nodce is delivered or mailed within which Sorrower must pay all.sums secured bY this SecuricY .�u�
<br /> � InswmenG If Borrower fails to pay these sums prior to t he expiration o f t his p c ri o d,L e n d e r m a y invoke an y rcmedies perrttitt�d � ,,.;,�,_
<br /> '� by this Securiry Instrument without furthcr noucc or dcmand on Borrowcr. � .=r�_
<br /> I 18.Borrower's Right to Reinstate. If Boaower meets certait► conditions, Bonower shall have the right to, have
<br /> � enforcement of this Securiry Insuument discontin�ied at eny time prior tn the earlier of: WaerS���(�ntaine�.d u�h.�Se��ry
<br /> � applicable law may specify for rcinstatemcnt)before sale of the Property pursuant to any po � • _ _
<br /> i InsVument;or(b)en t ry o f a jud g ment enforcin g this Security InstrumenG Those condidons are that Borrower.(a)pays I.ender all �.
<br /> 1 sums which then would be due under ihis Security Instn�ment and the Note as if no acceleration had occurred; (b) cures any �--
<br /> � default of any nther covenanis or agreemen t s;(c)p a y s a ll e x p e n s e s i n c u r r e d ma nI O��gbi is S uu��I�SU�re that the li n of this `
<br /> i not limi t e d t o,r e a s o n a b l e a u o rn e y s f e c s;a n d(d)t a k e s s u c h a c u o n a s L e n d e y Y �1
<br /> � Security Instrument, Lender's rights in the Property and Borrower's obligation to pay ihe sums sccur e d by t his Sec u r i ry �
<br /> Insuument sball continue unchanged. Upon reinstatement by Bonower, this Security Instr�ment and the obligations secured
<br /> hereby shall remain fully effecdve as if no accelcrauon t�ad occurred.However,this rig ht to reinstatc shalt not apply in the case of �
<br /> acccierarion undcr paragraph 17. I -
<br /> 19.Sele of Note;Chanqe af Loan Servicer. 'Ihe Notc ar a partial interest in Ihe Notc (tagcthcr with this Sccurity
<br /> Instrumcnt) may bc sold onc or morc timcs without pciar nouce to Borrowcr.A salc may result in a changc in thc cnury(knawn
<br /> � as the"Loan Scrvlcer")that collects monihly ayments dua undcr thc Notc und this Secunty Instrumcnt.'Therc also may bc onc or ( _!'="
<br /> more changcs of the Loan Scrviccr unrela�to a sulc of thc Note. I!thcre is a chnnge of the Loan Scrviccr,Aanawcr will be . ,
<br /> �� givcn writtcn noticc of the changc in accordancc with paragraph 14 abovc and upplic�sblc law.Thc noticc will stutc Ihc namc und ._;�,��
<br /> • address of the new L,aeci Servicer and the address to which paymenis should be mude.The notice will also contuin any other ryti�:�-
<br /> � informarion rcqutrcd by applicablc law. � •r,+
<br /> ?A.Nazardous Substances. Bonower shall not cause or permit U�e prescnce, usc, disposal. storage, or relcasc of nny ,�y ;��:
<br /> Hnaardaus�uhst�ccs on or in ih�Pro�=„Y�A�rcowcr shall not do,nor allow anyonc clsc to do,anything affecdng thc Property :.,�;
<br /> r
<br /> � �ha�is in violation of any Environmental Law.The prcccding two sentcnces shall not apply to thc prescncc,u�,u;�t�ragc on ihc Y�=�.
<br /> Property of smaU quanaues of Hazardous Substanccs that are gcncraUy rccogni�.cd to bc appropriate to narmal residcnual uscs � ,;���;:�='. Y
<br /> � and to maintenance of the Property. ''"�'� -_-
<br /> Borrower shall prompdy give L.ender written natice of any investigadon. cleim, demand, lawsuit or other action by any � •`.�
<br /> governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law ,��'•s '�;N_
<br /> o f w h i c h Borrower has acWal knowledge.If Borrower learns,or�s notitied by eny govemmental or regulatory authority,that any .
<br /> rc:moval or other remedladon of any Hazardous Subsrance affecting thc Property is nccessary,Bonowcr s h a ll promp dy t a k e all .`�, �..
<br /> necessary remedial acdons in accordance with Environmental Law. ��
<br /> ps �� in thiy paragmiph 2p, "Harardous Substanccs" are those substances deFined as coxic or harardous substances by .
<br /> � Environmental Law and the following substances: gasoli►►e+ kerosene, other flemmable or toxic petroleum �roducts, toxic �+���
<br /> j pcsacldes and herbicides,volatile solvenu,materials containing asbestos or formaldehyde,and radioacdve ms���at reela _�f'°��
<br /> this paragraph 20,"Environmental Law"mcans federal laws and laws of the jurisdiction whcre the Pcoperty' ,;�Y , _
<br /> to hcalih,safcry or cnvaonmcntel protecdon. ' '"'
<br /> ��> ��.�;',_ -
<br /> .�x:,
<br /> NON-UNIFORM COVENANTS.Bonower and L.ender twthec covenent and agree as foUows: '
<br /> � ,.:��
<br /> 21.Accekration;Remedies.Lender shati give nodce to Borrower prior to acceleration followtng Borrower's breach of ,y� .,�:
<br /> � any covenant or agreement in this Security Inatrument (but not prior to acceleratton under paragrapb 17 unless ;•,•�a;1-:
<br /> applicabk law provides otherwise).The notice shall specity: (a)the default;(b)the actton requfrcd to cure the dePault;(c) , :
<br /> a date,not less than 30 days from the date the notice is given to Borrower�by svhtch the default must be cured;and(d) ��=•�.,.� ,
<br /> '� that tailure to cure the default on or before the date speci�ed in the notice may result in accel�ration of the sums secured :�"` �'�
<br /> •�:�:,----=�=�
<br /> i by this Securtty Instrument pnd sale of the Property.The notice shall turther inform Borrow�er of the rlght to reinstate I .''L�---rrq�
<br /> � atter acceleration and the right to br[ng a court action to essert the nnn-exi.atence af a detault or any other defense of =�. F
<br /> Borrower to acceleration and sale.If the default is not cured on or before the date spec[fied in the notfce,I.ender�at ikc .,w
<br /> ; option,may requtre immediwte payment in tull of all sums secured by this Security Instrument without further demand
<br /> , and may invoke the power of sale and any other remedic�s permitted by applicable Iaw.Lender shsll be rntitled to collect
<br /> , all expenses incurred in pursuing the remedles provided in this paragraph 21, including, but not limited to, reasonable
<br /> - attorneys'fees and costs of title evidenre. 4
<br />- ; If the power of sale is invoked, Trustee shall record a notice of defanit in each county In which any part of the I .
<br /> � Property is loeated and shall maii copies of such notice in the manner prescribed by applicable law to Borrower and to the
<br /> other persons prescribed by appiicable law.After the time required by eppticuble Iaw,Trustee shall�ive publ[c notice of i
<br />- ', saie to the persons und in the manner prescribed by npplicable law.Trustee,without demand on Borrower,shalt seil the ,
<br />� Property at public auction to the hiqhest bidder at the time And place and under the terms designated in the notice of sale i
<br /> 1
<br /> Form 3028 8/90 i
<br /> �•6R(NEIl92t21.o� Page6olB InIIlAl6: I
<br /> � I
<br />. 1�
<br />:�
<br /> ` _ __
<br />
|