|
��
<br /> >;rr
<br /> . . ..�.ar-�..
<br /> . .''. ....�w�AIW�M,1+y•�. . _ __ � � �
<br /> . 98- 1�()U�O� ,
<br /> 17.Trunsfer of the P'roperty or n Benefictal Inter�t in Borrower. [f all or any part of the Property S any � cres in it ,
<br /> is sold or transferred(or if a bencficial interest in Borr�wer is sold or transferrcd and Borrowcr is no[a natural perSOn)without
<br /> l..ender's prior wriuen consent, Lender may, at its upcion. requirc immediate payment in (ull c�f all sums secured by this ,
<br /> � Security Instrument.However,this option shall not be exerciscd by L.ender if excrcise is prohibited by federAl law as of the date _
<br /> I of this Sccurity Instrument. T
<br /> If Lcndcr cxerciscs this option, Lender shall give Borrowcr noticc of acceleration. Thc nutice shall provide a period of n�t
<br /> � less than 30 days from the date the notice is delivercd or rnailed within which Borrower must pay all sums sccurcd by this
<br /> , Security Instrument.If Borrawer fails to pay thcse sums prior io thc sxpiration of this periad. I.ender may invoke any remedics
<br /> � penniucd by this Sccurity :nstrumcnt without further notice ordemand on Bonower.
<br /> - � 18. Borrower's Right to Reinstate. If Borrower mcets certain condi[ions, �arcower shall have the right co havc
<br /> enforcement of this Security lnstrument disconcinued at any time prior to �he eariier of: (a) S days (or such other periad as
<br /> applicable law may specify for reinstatement) before sale af the Propeny pursuant to any po�ver of sale contained in this
<br /> Securiry Ins[rument;or(b)entry of a judgment enforcing this Security Instrument.Those conditions ue that Bonower: (a)pays
<br /> Lender all sums which then would be due under this Security Instrument and the Note as if no ucceleration had occuned; (b)
<br /> cures any default of any other covenants or agreements; (c)pays all expenses incurred in enforcing this Security Instrument,
<br /> including,but not limited to,reasonable att�meys' fees; and(d)takes such action as I.ender may reasonably rcquire to assure ;,.� .: �
<br /> � thac the lien of this Security lnstrument, Lender's rights in the Propeny and Borrower's obligation to pay the sums secured by
<br /> � this Securiry Instrument shail continue unchan$ed. Upon reinstatement by Bonower, this Secunty instrument and the :•ry�;��
<br /> �,:�.�--—
<br /> � obliga[ior.s secured hereby shall remain fuUy effective as if no acceleration had occurred.However, this right ro reinstate shall ,�*:�
<br /> • ; not apply in the case of acceleration under paragraph 17. __
<br /> i 19. Sale of fVote; Change of Loan Servicer. The Noce or a partial interest in the Note (together wich this Security _Y_
<br /> , � I n s t r u m e n t)m a y b s s o l d o n e or more times without prior notice to Borrower. A sale may result in a change in the entity(known ��..
<br /> as the'Loan Servicer")that collects manthly payments dae under the Note and this Security Instrument.T here a lso m ay b e o n e �
<br /> . � or more c hanges o f c he L oan S e r v i c e r u n r c l a t c d to a sale of the Note. lf there is a change of the Loan Servicer. Borrower will be _
<br /> g given writ[en notice of the change in accordance with paragraph 14 above and applicable law.The notice will state the name an d
<br /> address of the new Loan Servicer and the address to which payments should be made. The notice will also contain any other
<br /> , � information required by applicable law.
<br /> t 20. Hazardous Substances. Borrower shall not cause or permi[ the presence, use, disposal, storage, or release of any
<br /> Hazardous Substances on or in the Property. Bonower sball not do, nor allow anyone else to do, anything affecting the
<br /> Property chat is in violation of any Environmental Law.The preceding two sentences shall not apply to the presence, use, or
<br /> storage on the Propeny of small quantities of Haxardous Substances that are generally recognized to be appropdate to normal _
<br /> � residential uses and to maintenance of the Property.
<br /> ��L�'
<br /> ��•, Bonower shall promptly give l.ender written nocice of any investigation,claim, demand, lawsuit or other action by any
<br /> � govemmental or regulatory agency or private pany involving the Property and any Hazardous Substance or Environmental Law , `'
<br /> ., " of whtch Bonower has actual knowledge. If Borrower learns, or is nocified by any govemmental or regulatory authority, that ,.
<br /> " s,'y any removal or other remediation of any Hazardous Substance affecting the Property is necessary,Bonower shaU promptly take �*,
<br /> - T all necessary remedial acti�i��iti auar�ar�cc w•ith Environ:n�:�tal Law -.,t;
<br /> � As used in this paragraph 20, "Hazardous Substances'are those substances defined as toxic or hazardous substances by �,
<br /> Environmental Law and the following substances: gasolinc, kerosene, other flammable or toxlc petroleum Products, toxic � , ;`
<br /> � pesticidas and herbicides,volatile solvents, materi�ls containing asbestos or formaldehyde,and radioactive matenals.As used in �
<br /> � this paragraph 20, "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located that
<br /> rclatc to hcalch, safcty or environmcntal protcction. : '-
<br /> (VON-UNIFORM COVENANTS. Borrowc�a�id Lender funher covenant and agree as follows: :�, �f
<br /> 21. Accelcrutinn;Remed(�s. I.cnder shail�ive notice to Borrower prtor to acceleratton following�orrower's breach ;
<br /> of any covenunt or egreement in thts Security Instrurnent (but not prtor to acceleration under paragraph 17 unless ,� �.
<br /> applicAblc law provtd�othcrwisc). Thc natice shall speclfy: (a)the default; (b) thc actlun requtred to cure the default; ,�
<br /> (c) a dRte,not Iess than 30 duys from the date the nottce is given to Borrawer,by which the default must be cured; and
<br /> (d) thet tallure to cure the dePault on or be[ore the date spccifted in the notice may resuit in acceleration of the swns ��
<br /> secured by this Security Instrument and sale of the Property. The nottce shall further inform Borrower of the right to
<br /> reinstate after uccelerntion and the right to brfng a court action to assert the non-existence of a default or any other --
<br /> dePense of Borrower to acceleration und sale. I[ the detault Is not cured on or be[ore the date spectfied in the notice, �_
<br /> Lender, at its option, mpy require immedinte puyment In full oi all sums secured by this Security Instrument without �;`_
<br /> further demand und may invoke the power of sale und any other remedtes permitted by applicable law.Lender shaU be ,
<br /> �• • „ entttled to coqect all expenses tncurred in pursutn�the remedtes provided in this paregreph 21,Including,but not Iimited -- `
<br /> � to,reasonable attorneys'fees and costs of title evtdence. {�--
<br /> �,:� -_
<br /> � If the power of sale is invoked. Trustec shall record a notice of detault iu each county tn which any part of the .�=w_
<br /> � P �.:_..�5�4��_
<br /> Property is located and shall mail copies ot such notice In the mnnner prescribed by appl(cable law to Borrower and to ,•__
<br /> �.�,�-
<br /> the other persons prescribed by applicable law.After the time required by applicable law�Tn�stee shall gtve publte nottce ; "
<br /> of sale to the persons und In the manner prescribed by appl(cable law.Trustee, without demnnd on Borrower,shall sell _:_. _
<br /> � the Property ut public auction to the highest bidder at t6c dme und placc und under the terms designated in the notice of ;',����,�'_ I
<br /> sule in onc or more parcels and in uny order Trustee detcrmines. Trustee may postpone sAlc of al!or any parcel of the , .�....,,�.
<br /> ' Propecty by public unnouncement ut the time and place of any previously scheduled sale. Lender or its designee may •"�; �
<br /> purchuse the Property at any sale. *-:" ,'� �' •
<br /> :�,..
<br />' � Form 3028 /90 ' �� .
<br />' 1 ��6RlNE)ieziaioi PaqoSof 6 ����a�+�
<br /> , �I�
<br /> �
<br />_ � . ----- ..
<br /> r
<br /> �
<br /> � �
<br />
|