|
.:":' : �'.
<br /> � 98—:�c���o8
<br /> 17. Transfer of the Property or u Benetictal Interest(n Horro�vcr. If all or any parc of the Property or any intcrest in it �
<br /> � is sold or transferr d(or if a beneficial interest in Barrower is sold or transferced P y eorrower is not a natural person)without _�
<br /> 1 [.cnder's prior written consent, Lender may, at its option, require immediate a ment in full of all sums securcd by this -'�
<br /> Securiry Instrumen t.H o w e v e r.t h i s o p t i o n s h a l l n o t b t:exerciscd b y Lendcr if exercisc is prohibitcd by fedcral law as of[h�date �
<br /> � of this Security Instrument. _
<br /> [f Lender exercises chis option. Lcnder shall give Borrower notice of acceleration.The notice shall provide a period of not
<br /> , less [han 30 days from the datc: the notice is delivered or mailcd within which Barrower must pay all sums sccured by this I _
<br /> Sccurity instrumcnt. If Borrower fails to pay thcse sums priar to ihe cxpiration of thisperiod, L.cnder may invoke any remedies
<br /> � permitted by this Security lnstrument without further naucc or elemand on 8urrower.
<br /> � IS. Borrowcr's Rl�ht to Rcinstntc. lf $orcowcr mcets ccrtain conditions, Borrowcr shall havc thc right co havc
<br /> i enforeement of this Security Instrument discontinued at any tirne prior ta the earl icr of: !a) SQ a C���°,y�e con ained in�this -_
<br /> ' applicable taw may specify !ar rcinstatcment) befnre snle of t�c Property pursu.�ani ta any p.
<br /> I Securiry Instrument;ar(b)entry of a judgment enforcing this Security Mstrumenl.Thosc condic�ons an•thut Borrowen(a)pays . '
<br /> ' I.ender all sums which then would be due undcr tliis Security Instrument:►nd the Nae as if no accelcratiun had accurred; (b)
<br /> �, cures any default of any other covenants or agreemenes; (c1 pays all expenses incurred in enfarcing this 5ecurity Instrument,
<br /> � lncluding,but noc limited to,reasonable a[torncys'fees; and(�11 iakes such action �s Le:nder may rcasonably require to assure :"'�
<br /> that thc licn of this Sccurity Instrument,i.ender's rights in ihe Propcny and Borrower's obligation to pay the sums secured by •? _
<br /> this Security Instrument shall continue unchanged. Upon reinstatement by Borrower, this 5ecunty lnstrument nnd the , .�"t;�,'�'`'_.
<br /> obligations secured hereby shall remain fully effecuve as if no acceleration had acurred. However, this right to reinstate shall
<br /> � nat apply in thc casc of acccleration under paragraph 17. -
<br /> 19. Sale of Note; Change of Loan Serviccr. The Note or a partial interes�in the Note (together with this Security ��_
<br /> � � Instrumen[)may be sold one or more times without prior notice to Boaower. A sale may result in a change in che entity(known
<br /> as[he "l.oan Servicer")that callects monthly payments due under the Note and this Security Instrumene.There also may be one
<br /> y or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan Servicer, Borrower will be
<br /> given written notice of the change in accordance with paragraph l4 above and applicable law.The notice will state the name and
<br /> address of the new Luan Servicer and the address to which payments should be made. The notice will also contnin any other
<br /> information required hy applicable law.
<br /> 20. Hs�zardous Substances. Bonower shal!not cause or permic the presence,use. disposal. storage, or release of any
<br /> ' • Hazardous Substances on or in the Propeny. Borrower shall not do, nor allow anyone else to do, unything affecting the
<br /> • Property that is in violation of any Envir�nmental Law. The preceding two sentences shall not apply to the presence,use, or
<br /> ,��; storage on the Property of small quantities of Hazardous Substances that are gcnerally recogniud co be appropriate to normal
<br /> residential uses and to maintenance of the Property.
<br /> � Borrower shall promptly give Lender written notice of any investigation,claim, demand,lawsuit or other action by any ,
<br /> �. ..' � governmental or regulatory agency or private party involving the Property and any Nazardous Substance or Environmental Law ;.,
<br /> 1 � of which Bonower has actual knowledge. If Bonower learns, or is notified by any governmental or regulatory authodty,that , .
<br /> =- ; any rcmaval or other remPd�ation of any Hazardous Substance affecting the Propertyis necessary, Bonower shall promptly take �::r
<br /> . l all necessazy remedial actions in accordance with Environmental Law. qCt:. ,;.;
<br /> i 1 As used in this paragraph 20, "Hazardous Substances" are those substances defined as toxic or hazardous substances by : ti +
<br /> Environmental Law and the following substances: gasoline, kerosene, other 4ammable or toxle pecroleum �roducts, toxic ,i,
<br /> ' � pesticides and herbicides, volatile solvents, materials coneaining asbestos or formaldehyde,and radioactive matenals. As used in
<br /> � , this paragraph 20, "Environmencal Law" means federal laws and law� of ehejurisdiccion where the Property is located that '<< �:.
<br /> # ! relate to health,safety or environmental protection, '� ��
<br /> � NON-UNIFORM COVENANTS.f3orrower and Lender funher covenant and agree as follows:
<br /> ! 21.Acceleratton;Remedies. Lender shall give notice to Borrower prior to ecceleration followtng Borrower's breach �!�
<br /> � i of any covenant or agreement in thls Security Instrument(but not pi�ior t�b)the action requl ed to culre t e default � A
<br /> a p plicable law provides othenvise). The notice shall specify: (a)the deFault; _
<br /> (c)a dete� not less than 30 days from the date the not ice is g iven to Bo r r ow er,b y whtch the default must be cured;end �,�__
<br /> � (d)that failure to cure the default on or before the dete specified in the notice may result in acceleratton of the sums - _
<br /> secured by this Security Instrument and sale of the Property. The nottce sbail further Inform Bonower of the right to �;.
<br /> reinstate after acceleratton and the rlght to bring a court action to assert the non-extstener.uf a default or any other
<br /> � detense of Borrower to acceleration and sale.If the default is not cured on or before the date specified tn the notice, �.,'..
<br /> S Lender, at its optton, may requtre immediate payment in tuU of all sums secured by this Secur(ty Instrument without _
<br /> � further demand and may invoke the power ot sale and any other remedies p�rn►Itted by appl(cable law.Lender s6a11 be �,_,_ _ _
<br /> � ' entitled to collect alt expenses incurred in pursuing the rcmedies p�•ovided In this paragraph 21,includ[ng,but not limited _-_--
<br /> ' _ � to,reasonable attorneys'Pees and costs of tltle evidence. i�-
<br /> 4 + If the power of snle ts invoked, Tr�stee shul! record a notice of detault In each county in which any paM of the �y__���
<br /> Property is located and shall muil copies of such nottce in the manner pracrtbed by applicable lew to Borrower and to �;,,����-
<br /> the other persons prescrtbed by applicable law.After the time required by appllca6le law,Trustee shall give public notice � ___
<br /> � � of sale to the persons and in the manner prescribed by appUcable law. Trustee, without demand on Borrower,shaU sell d�,�s�=�_,
<br /> the 1'roperty at public s�ucticn to the hi�hest b(dder at the tlmc and pince and under the terms deslgnated in the nodce of �+j�,."-
<br /> i sale fn one or more parccls an�in uny order Trustcc determines. Trustee►nay postpone sale of all or any parcel of the ;�,; :7;Y.:-:..ip�,
<br /> ! Property by public unnouncement at the time and pince of any previously scheduled sale. Lender or its deslgnee may �.�,;=;,.;
<br /> � purchasc the Property at any salc. • ;
<br /> �
<br /> i
<br /> � Form 3028 9I90
<br /> � ��8V(NEl�9z�zio, Paq�S o16 �rvUyaSa�� .
<br /> / �.
<br /> {/
<br /> � .. . . . ._ . ..
<br /> �_. __ . ......___.__. _. .
<br />
|