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<br /> � � 98- 1`'(l'741
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<br /> � by this Sec:urity Instrument. If Borrower fails to pay these sums prior to the rxpiration of this prriod, L.�:nder mny invoke '
<br /> any remedies permltted by thia Security Instniment without further noticc or dernand on Borrower.
<br /> 18. Bprrower's Rlght tp RelnFtate. If Borrawer mects certain conditions, Borrowrr shall have the right to havc
<br /> enforcement of thls 5ecurity Instnunent discontinued at a�iy time prior to trie earlier of: (a)S days(or such otticr prriod as • �
<br /> appllcable law may speclfy for reinstatemenq before s�le of the Property pursuant to any powrr of sale contained in this __
<br /> Sccurlty Instrument;or (b)entry of a judgmcnt cnforcing this Security Instrument. Those conditions Arc thut Borrower: (a)
<br /> pays Lcnder all sums which then would br due under this Sccurity Instrumcnt and thc Notc as if nu acccletatinn had " .-
<br /> occurred; (b) cures nny default of any other covenants or ugreements; (c) pays all expenses ►ncurnb in ent'orcin� this ,�
<br /> Security Instrument, including, but not limited to, rrasonable attorncys' fees; and (d) takes such action as I.�nder may • _�;;,__
<br /> •-� reasonably require to assure that thc lien af this Security lnstrument, Len�er's rights in the Property and Bonowcr's - :°•�,,..
<br /> obllgation to pay the sums se.lcured by tbis Securlty[nstrument shall continue unchanged. U�on reinstatement by 8orrower, 2,:,.:_� -
<br /> this Security Instrument and the oblisations secured hereby shall rem�in fully effective as�f no aceeleration had occuncd. �7.:�-
<br /> However,this right to rcinstate shall not apply In the case of accelerution under pnragraph 17. ---
<br /> 19.&ttle of Note;Change of Lonn Servicer. The Note or a partial interest in the Notc(together wlth thls Security —
<br /> Instrutnent)ma�be sold oue or morc:times wlthout prlor notice to Borrower. A sele may rrsult In a change ln the entity °� ' - �—
<br /> (known as the Loun Servicer") that wllects monthly paymeats due under the Note and this Security Instnunent. Them .;�,�;_
<br /> also may be oae or more changes of the Loan Servicer uncelated to a sale of the Note. If there is a chan�e of the Loan -
<br /> Servicer, Bonower will be glven written notice of the change In accordance with paragraph 14 above and applicable law. ��
<br /> The notice will state the name and address of the new Laan Servicer und the address to which payments should be madc.
<br /> � 'I�e notice will also wntain any other information required by applicable law. .'�•�_`.
<br /> 20. Hazardous SubstAnces. Borrower shall not cause or permit the presence,use, disposal, storage,or release of • � ��r•
<br /> • any �Iazurdous 5ubstances on or in the Property. Bonower shall not do, nor allow anyone else to do,anything affecting .;:��.-=°
<br /> Qie Froperty tl�at Is in violatiou of any Envlronn�ental Law. 'Rie preceding two senteuces sliall uot apply to Qie presence,
<br /> use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate ---
<br /> to nomial resideatial uses and to inaintenance of the Property.
<br /> Borrawer shall promptly give Lender written notice of any investigation,claim,demand,lawsuit or other action by
<br /> � any governmental ar resulatory agency or private party involving the Property and any Htizardous Substance or Environ- �;,�
<br /> . mental I,aw of whicb Borrower has actuni knowledge. If Borcower learns, or is notified by any governmental or regulatory
<br /> authority,that any removal or ather remediation of any Hazardous Substance affecting the Property is necessary,Bonower �_.��_:--
<br /> � shall promptly take all necessary remedial actions in accordance with Environmental Law. �
<br /> As used In this paragraph 20, "Hazardous Substances"are those substances defined es toxic or hazardous substances �i:LLv
<br /> by Environmental Law aad the follawing substancts: gasoline, kerosene. other flammable or toxic petroleum products, �'s':—�—
<br /> � toxic pesticides aad herbicides,volatile solvents,materials containing asbestos or formaldehyde,and radioactive materials. __ '
<br /> As used in this paragraph 20,"Environmental Law"means federal laws and laws of the jurtsdiction where the Property ls -- �
<br /> located that relate to health,safety or environmenta!protection. �
<br /> -� *Io*:U::iwr��Ccs:���::urs. Borro�ver snd LPr.der furtaer r�eenant and sgree�follo:es: �•�
<br /> � 21. Acceleration;Remedies. I.ender shall give aotice to Borrower prlor to accrleratton follow(ng Borrower's _
<br /> breach of eny covenant ur agreement ta thie Security Instrument (but not prlor to acceleratioa uader parugrnph 17 --��,����___
<br /> unless applicable law provides otherwise).The notice shall speclfy:(a)the default;(b)the action required to cure the -
<br /> defaWt; (c)a date.not less than 30 days from the date the aotice is given to Borrower, by which the detault must be _..
<br /> cured;and(d)that faflure to curc the defaWt on or before the date specified ia the notice�ay resWt in acceleration A5 �:�a
<br /> of the sums secured by this Secudty Instrument and sale of the Property. The notice shall further inform Borrower �-__
<br /> of the right to reinstate after acceleration nnd the right to bring a court action to assert the non-existence of a —.
<br /> default or aay other detmse oP Borrower to acceleratioa and sale. IP the defaalt is aot cured on or Uefore the date
<br /> specifIed In the nottce, Lender at its option may require immedIate payrneat in full of all sums secured by tWs
<br /> Security Tnstrument without further demand and may Invoke the power of sale aud aay nther remedies permitted by ��
<br /> applicable law. I.ender ahaU be eatltled to collect all expeases incurred In pursuing the remedies �rovided In this ����
<br /> paregraph 21,includ[ng,but not Ilmited to,reasonable attorneys'fces and costs of title evidence. �.�,
<br /> It the power of sale is invoked,Tr�stee shall record a notice of default in each county in whtch t�ny part of the �•�
<br /> Property is locuted and shall mail coptes of such notfee in the manner prescrtbed by nppHcable law to Borrower and �
<br /> to the otber persons prescribed by npplicable Isw. After tlie time required by applicsble law, Teuttee shall give °—'
<br /> public notice oP sale to the pe.rsons and in the manner prescribed by applicable law. Tn�stee, �vithout demand on �--"
<br /> Borrower,shall sell the Property ut publtc auction to the highest bidder at the time and place and under the terms �-----
<br /> destgnated in the notice of sale in one or more parcels and in uny order Trustee determines.Trustee muy postpone ��`:�
<br /> sale of sU or any percel of the Property by publlc sunouncement nt the time and place pf any previonsly scheduled =---- -.-.
<br /> sale.Lender or its designee may purchese the Property at any sale. • : .. ,� , „�� s:::.__��
<br /> , Upon receipt of pnyment of the�rice bid,Trustee shall deliver to the purchasrr Tn�{7�a's d�ed�con�n�the '� ��
<br /> Property. The recitals in the Trustee s deed shell be prima facie evidence of Mo tcutb,p�.Rhe��t�tnen�a-tDade =``"'
<br /> � therein.Tn�stee shall apply the proceeds of the sale in the following order: (a)to alI costs aad expen.�ses of exexcls3ng ``�:,r;�
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<br /> j Form 3028 9f90 fpago 6 0l 61 � � ` ='+ �•
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<br /> - BANKERS SYSTEMS,iNC.ST CLOUD.MN 6G30211�800 397 23311 FORM MD-1 NE 2�Gl91 ' -
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