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<br /> .� � � 17. Transfer of the Prop�rty o► a Baneficial Interest In Borrower.It aN or any part ot the Property or . ___
<br /> any Interest in !t Is soid or transtorred (or If a benoliclal Interest In Borrower Is sold or transfe►red and Borrower ia not e natural
<br /> person) without Lender's prior written consent, Lender may.at its optlon,requlre Immediate payment In full ot ali suma secured by � � . -
<br /> thls Securlty Inatrument. However, thls optlon ehall not be exerclsed by Lender If exerclae Is prohibited by federai law ec►of tho � '�'.,;
<br /> dete of this Secudty Insin�ment. � � ., -
<br /> II Lender exercises thfs opllon. Lender shetl give Dorrowor notice ot acceleretlon. The notice ahall provide a perfod of not � �;:,_
<br /> less then 30 days trom the date the notice Is delNered or maNed within which Borrower must pay all sums aecurod by thla C1 ` .�4=
<br /> Socuiity Instrumant. If Borcower falls to pay these sums prlor to the expiratlon of this period, Lender may Invoko eny remedles � � -'��k
<br /> pertnlflad by thls Socudly Insirument without fuRher notice or demand on Borrower. � =--
<br /> 18. Borrower's Rtght to Reinstate. If Bortower meets certaln conditiona, Borrower ahall heve the right to have � ���,�_-.___
<br /> nnlorcemenl of lhis Security Instrumanl dlaconlinued al eny tlme prior to lhe eadler oL (a) 5 days (or auch alher podod as �. „_ - �
<br /> applicebie law may specity for reinstetement) betore sale of the Properry pursuant to eny power ot eale contalned In thle Security
<br /> ..j• Instrument: or (b) entry of a Judgment enforcing thia Security Instrument. Those condltbns are that Borrower. (e) peys Lender aH
<br /> :.� sums which thon would be due under thls 3ecurity Instrument and the Note as if no acceleratlon had occuned; (b) cures any .
<br /> delault o}any othor covenant or agreements: (o) pays all expenses Incurred in eniorcing thls SecurBy Inatrument. including, but
<br /> not Ilmlted to, reasonable attomdys'fees; and (d) takes auch aatlon as Lender mey reasonabiy requlre to assure that the Ilen of
<br /> this Secudty Instrument, Lender's dghts In the Property and Borrower's obligatbn to pay the sums secured by this 3ecurity ___
<br /> Instrument shall continue unchanged. Upon reinstetement by Borrower, thls Securiry Instrument and the obligatlons secured
<br /> hereby shall remaln fulty ettectNe as K no acceleratlon had occurted. However,this �Ight to relnstate shail not apply in the case
<br /> of acceleratlon under peragraph 17.
<br /> - 19. Salo of Note; Change of Loan Serv(cer. Tne Noto or a a partial Interest In the Note (together wnh thls -
<br /> Security Instrument) may be sold ona or more tknes without prior notice to Borrower.A sale may renuit in a change In the entity
<br /> � (known as the "Loan 3ervicer') that collects monthly payments due under the Note and thls Security Instrument. There ttlso may
<br /> • be o�e or more changes of the Loan Servicer unrelated to a sale of the Note. If there Is a change of the Loan Servicer,
<br /> Borrower wlll be glven written notice of the change In accordance with paregraph 14 above and applicable law. The notice will �° --
<br /> state the name and address of the new Loan Servicer and the addrosa to whlah payments shouid be made. The notice will also �-�
<br /> conlaln eny other Intortnatlon requlred by applicable law. -'
<br /> � 20. Hazardous Substanees. Borrower shall not cauae or petmit the preaence,use, disposal, storage, or release of �,•
<br /> ,�, any Hazardous Substances on or In the Property. Borrower shal not do, nor ellow anyone else to do, anything affecting the
<br /> Property that Is In vlolatlon o(c►ny Environmental Law. The preceding two sentences shel not apply to the presence, use, or �__
<br /> storage on the Property of amall quantitiea of Hazardoua Substances that are generally recognlzed to be appropdate to nortnal --
<br /> �, resldentiai uses and to maintenance of the Properry. --
<br /> Borrower shaN promptly glve Lender written notice oi any Investigatlon, clalm, demand, lawsult or other action by any --
<br /> govemmental or regulatory agency or prfvate party Involving the Properry and any Hazerdous Substance or Envlronmental Law oi ';�-_�
<br /> whlch Borcower has aclual knowledge. if Bortower ieams, or Is notilied by any govemmental or regulatory authorfty, that any �'�;-
<br /> �� removal or other remediatlon of any Hazardous 3ubstance affecting Properry Is necessary, Borrower shall promptly take all =_
<br /> necessary remedlal actlona in accordence with Environmental Law. _
<br /> As used In thls parepraph 20, °Hazerdous Substances' are those substances deflned as toxla or hezardous substances by -
<br /> Environmental Law and the following substanaes: gasollne, keroaene, other flammable or toxla petroleum products, toxlc --- -
<br /> pesticldes and herb(cldea, volatlle solvents, matedals containing aebestos or formeldehyde, and radloactive mstedald. As used In ----
<br /> - peragraph 20, 'Envlronmental lsw' means federal laws and laws ot the judsdiction where the Property la Iocated thet relate to ` �
<br /> health, safely or environmental protection, -
<br /> � ti��.
<br /> NON•UNIFORM COVENANTS. Borrower and Lender lurther covenant and agrae as follows:
<br /> 21. Acceleration; Remediea. Lender shall give notice to Borrnwer prior to accoloratlon -
<br /> following Borrowor's breach of any covenant or agreemsnt in thts Sscurity Inetrumsnt (but not
<br /> prtor to acceleration under paragraph 17 unless appitcable law provides otherwise). The notice —
<br /> shall spocify: (a) the default; (b) the action required to cure the default; (c) a date, not loss than
<br /> , ' 30 days from the date the nottce ta gtven to 8orrower, by which the default muet be curod; end
<br /> (d) that failure to cure the default o� or betore the date spectfled In the nottae may result in
<br /> acceleratton of the sums securod by this Security instrument and sale of the Property. Ths notics �
<br /> shall further Inform Borrower of the right to reinatate after acceleration end the rtght to bring a -_---
<br /> �� court action to assert the non-exitstence of a default or any othar defenae of Borrower to
<br /> � aoceleratton and sale. If the default Is not cured on or before the date epeo9fied in the noltco, ___
<br /> Lender at Its option may requtre immodlate peyment (n full of all sums secured by this Seaurity
<br /> _ „ � Instrument without further demand and may Invoke the power of sals and any other remedies _
<br /> - . -� permiiied by applicable law. Lender shall be entitled to collect an expenses tncurred U pursuing �,�_
<br /> , the remedies provided In this paragraph 21, inclucling, but not Itmited to. ressonable attorneys' ;t_�;;':___
<br /> fees and costs of title evidence. ���.-�
<br /> If the power of sale ts invoked, Truatee shall record a nottce of default in eaoh county In `_�=,;;,.�°�:
<br /> whlch any paR of the Property is located and ahall meil coptes of such notice in the manner -
<br /> prescribed by appltcable law to 8orrower and to the other persons prescrtbed by applicable law. '' � �, .
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<br /> After the time requlred by applicable law� Trustee shall give public natice of sale to the porsons �
<br />' and in the manner prescribed by appticable taw. 'Trustee, without demand mn Borrower, shall sell �
<br /> the Property at publia auctton to the highest bidder at the time and place and under the terms
<br /> designatad In the notice of sale fn ona or more parcels and in any order Trustee determinAS. ,
<br /> Trustee may postpone sale of atl or any parcel of the P�operty by public announcement at the •
<br /> _ ttme and place of any prevtously scheduled sale. Lender or its de9tgnee may purchase the
<br /> Property at any sale. �
<br /> Upon receipt of payment of the price bfd, Trustes shall dellver to the purchaser Trustee's �
<br /> deed conveying the Property. Tha recttals in the Trustee's deed shall bo prima facie evtdence of �.
<br /> - ' the truth of the statemehts made thePeln. Trustee shall apply the proceeds of the sale tn the � �
<br /> following order: (a) to all casts and expenses of exercising the power of sale, and the sale, '
<br /> _ including the payment of the Trustee's feea actually incurred, not to exceed three '
<br /> �'o of the principal amount of the �
<br /> note at the ttme of the declaration oP defaul4. and reasonable attorney's foes as pe�mitted by law; �
<br /> (b) to all sums secured by this Security Instrument; and (c) any excess to the person or perauns ;
<br /> legally gntttled to it.
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