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<br /> ' . • ' 17. Transfer of the Property or a Beneficial Interest in Borrower. if aii or eny part ot the Property or , � -
<br /> any inlerecl In it Is sold or transfened(or It a beneficlai Interest In 8orrower Ia s�ld or transterted and Borrower is not a natural _
<br /> persoo�wllhout Lander's prior written consent, Londer may,ai its optlon.requlre Immedlete payment in Iuil of all sums secured by
<br /> this Security Instrument. However, thls optlon sheli not be exercised by Lender tf exerclse is prohlblted by federal law as o1 the � r
<br /> dale ol thls Security Instrument.
<br /> if Lendor oxerclses this optlon. Lender shall gNe Borruwer noUce ol acceleratlon. The noUcn shall provide a penod ot not � '
<br /> � less than 90 days lrom the date the notice is delivured or malled within which Borrower must pay all sums secured by this �
<br /> 1 Secunly Insirument. It Borrower lails to pay these aums prlor to the expiration ol this period. Lenda may Invoke any remedles �
<br /> permilled by this Security Instrument without further notice or dem�+nd an Borrower.
<br /> j 18. BorPOwer'8 Right tC1 Rein8t8t8. If 6orrower meets certaln condltlons. Borrower shell heve ihe right to heve �
<br /> � nnlorcement o1 ihls Securlty Insirument discontlnued at any tlme prior to the earller of: (a) 5 days(or such other period as�
<br /> appliceble lew may specffy for relnstatement)before sale af the Property pursuent to any power ot sde contafned In this Security
<br /> Instrument:or (b) entry of a judgment enforcing this Security Instrument.Those conditlons are thet Barower: (e) pays Lender all� _
<br /> sums whlch then would be due under thls S�,cudty Instrument and the Note as it no xcceleratlon had occurred; (b) cures any
<br /> defauq ot eny other covenant or agreements; (c) pays eil expenses Incurred In enforcing thts Securiry Instrument, Including, but
<br /> not Iknited to, reasoneble attomeys' fees; and (d) takes such actlon as Lender may reasonably requlre to assure that the ilen of
<br /> this Securily Instrument, Lender's righis in the Property and Borrower's oblfgatlon to pay the sums secured by this Secudty ,
<br /> Inatrument shatl continue unchanged. Upon reinstatement by Borrower, this 3ecurity Instrumont and the obllgations secured , „,
<br /> hereby shaN remaln fully ettective as it no acceleratlon had occurred. However,this right to reinstate sheil not epply In the cese p,�����.�
<br /> +�•,.m..���
<br /> d acceleration under paragraph 17.
<br /> � 19. Sale of Note; Change of Loan Servic�r. Tho tvote or a a partial Interest In �ne Note (together with this
<br /> Security Instrument)may be sold one or more tlmes wlthout pdor notice to Borrower.A sele mey result in a change in the entity .�l_ y�_
<br /> � (known as the'Loan Servicor`)that collects monthly peyments due under the Note and thls Security Instrument. There also may _
<br /> ,. � be one or more changes of the Loan Servlcer unrelated to a salu of the Note. If there Is a chenge of the Loan Servicer,
<br /> Borrw+cr wili be glven writton notice of the change in accordance with peragraph 14 above and appYcable law. The notice wlll
<br /> ' I state ihe neme and address of the new Loan Servicer and the address to which payments should be made. The notice will elso
<br /> 1 contain any other Infortnetion requlred by applicable law.
<br /> 20. Hazardous Substances. Borrower shall not cause or permit the presence. use, di:,posal, storage. or release of
<br /> � any Hezardous Substances on or In Ihe Property. BoROwer shaU not do, nor allow anyone eise k do, anylhing Affecting the
<br /> � Properly ihat is In vioiation of any Environmental Lew. The preceding two santencea shail not cpply to the presence, uae. or
<br /> . storage an the Property of smell quentitiea of Hazardous Substances that are generelly recognized to be appropriate to normai
<br /> � residentlal uses and to malntenance of the Properry. `�
<br /> I Borrower shaN promptly give Lender written notice of any investlgatlon, clalm, demand, lawsdt or other ection by any ,
<br /> govemmental or regulatory agency or privale party InvoNing the Properly and any Hazardous Substence or Environmentel Law of
<br /> � � which Banower has actual knowledge. If Bortower leams, or Is notffled by any govemmental o�regulatory authority, that any
<br /> removal or other remedlatlon of any Hazardous Substance Atfecting Property is necessary, Borrower shall promptly take ali
<br /> - � ' ;ecr.sar;:emedlei act!en� in ar.r.�rdance with Environmental Law. :� ,
<br /> As used In this paragraph 20, 'Hazardous 3ubstances' are those substances deflned as toxia a hazardous eubatances by ty. ',�:,
<br /> Envkonmental Law and the Iollowing substances: gasoline, kerosene, other flammable or toxk petroleum products, toxlc 1��.
<br /> para�raeh 2Qa Envlro'nmentalaLaws means edeeal Ilawsnandllaws of the Jurlsdlcl�lonewheeethe P o'perty Is I�ocated thetsrelate to .
<br /> • , P 9 P �,�•
<br /> healih, satety or environmentel protecibn. ,s� •.
<br /> NON•UNIFORM COVENANTS. Borrower and Lender turther covenant end agree as follows:
<br /> 21. Acceleration; Remedies. Lender shall glve notice to Borrower prior to acaoleratton ��, ;.
<br /> following Borrower's breach of any covenant or agreement in thia Seauriiy Ins4rument (but not �
<br /> . prior to acceleration under paragrgph 17 uniess applicabla Iaw providee otharwise). The notice ' ��"=
<br /> shall specify: (a) the default; (b) the action required to aure the default; (c)a date, not less than i";� -
<br /> 3o days from the date the notice Is given to Borrower, by which the deiault �nust be cured; and �, • �'�
<br /> �_I (d) that failure to cure the defauit on or before the date spectfied in tha nottce mey resuit tn ��:��:�-
<br /> � acceleratton of the sums secured by this Securtty Instrument and sale of the Property.The nottce E;•�_�•�= —
<br /> shall further Inform Borrrawer of the right to reinstate after acceleration and the right to bring a ���-'�"'�'�,..,_�
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<br /> � court ectton to assert the non-existerrce of a defautt or any other def�nse of Borrower to ;;�,�,;�._.
<br /> �, ,j� acceleration and sale. If the default is not cured on or betore the date spacifiAd In the notice, �g_���
<br /> • Lender at its option may requlra Immedtate payment in full of all sums secured by this Security 5;��-.,��r�,
<br /> Instrument without further demand and may invoke the power of sale and any other remodies �`
<br /> •� ` permitted by applicabte law. Lender shalt be eMRled to coltect all expensee inaurred In pursuing •�_�:"""�:.,�
<br /> �a tF�e remedies pravided in this paragraph 21, including, but not IimiYed to,reasonable attorneys' ���•�"''��. '�'`�•
<br /> ,y ,� .
<br /> �: faes and costs of titla evidence. •
<br />_ If thd power of sale ts invoked, Trustee ahall rscord a notice of deinult in each county in �•:;.,..��
<br />; whlch any part of the Property is located and shall mail copies of such nottce in the manner
<br />, preacrlbAd by applicable law to Borrower and to the other peruons prescribad by applicable law.
<br /> After the time requi:ed by applicable law, Trusted ahall give public natice of sele to the persons � .
<br /> and in the manner prescribed by applicabla law. Trustee, wtthout demand on Borrower, shall sell ` .
<br /> � � tiie Property at pubiic auction to the highest bidder at the time and place and under the terms
<br />_ � designated In the nottce of sale in one or more parcels and in any order 7rustee determtnes.
<br /> � � Trustee may poatpone sale of alt or any parcel of the Property by public announcement at the
<br /> � time and place of any previously scheduled sale. Lender or its designea may purchase the l
<br /> Property at any sale. l
<br /> � Upon receipt of payrnent of the price bid. Trustee shall dettver to the purchaser Trustes's
<br />- c�eed conveytng the Property. The recitals in the Trustee's deed shall be prima facie evidence of �
<br />� � ►Ho *r���h nf tho statements made therefn. Tr�astee shall apply the proceeds of the sale in the
<br /> following order: (a) to all �osts and expenses of exercising the power of sale, and the sate, r
<br /> includtng the payment of the Trustee's fees actually incurred. not to exceed three �
<br />_ �o of the principai amount of the i
<br /> note at the time of the declaration of default, and reasonable attorn�y's fees as permitted by law;
<br /> (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons �
<br /> legally entitled to it.
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