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<br /> I RE•RECORDEU i
<br /> j ; . . .� 98�- �ld�o9s�r , , :����— x1�;�47 j . =_
<br /> • • b this Securit Instrumcnt. �f Bonowcr fnils to pay�hetir sums prior to thc cxpiration of�his period, Lriiucr rniry invcikr � �l
<br /> any rcmcdics permiued by dds Security lnstrumcnt wnhuut further noticc or demand on Borrc�wcr. �
<br /> I8. Borrower s Rlght to Reirustate. If Bonower mcets ccrtain canditians,Borrower shnll have thc right tn huve �
<br /> i enforcement of this Security Instrument discontinued at any time prior to the eurlicr of:(a)S days(or cu�h uther period ns
<br /> applicable law may spccify for reinstatement)before snlr of the Property pursunnt to sny power nf snle cantaimd fn thiw
<br /> 1 Su:urity Instrumem;or(b)entry�f a)udgment enforcing this Securicy Instrument,Thosc conditions arr that F3c�rrowrr: (a) _
<br /> pays I.ender ull sums which then would bc due under thls Sccuriry lnstrument and�he Notc �.5 �f no ��ccrlrr;itioi► l�ad
<br /> occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this
<br /> � I Security Instrument, includtng, but not limited to, reusonable attorneys' fees; and (d)takes such acticm i�.ti t.�:nder may
<br /> reasonably require to assure that the lien of this 5ecurity Instrument, Lxnder's rishts in the Propeny suid Bottowcr's
<br /> obligation to pay tfne sum.s secured by thls 5ccurlty Instrument shall continue unchan�ed.Upon reinstatement by B�rrower.
<br /> this Security Instrument and the obligations secured hereby shall remain fully effective as �f no acceleration had occurred. _
<br /> However. this right to reinstate shall not apply in the case of acceleration under paragraph 17.
<br /> 19.Sale of Note;Change of Loan Servicer. The Note or a partial Interest in the Note(togcthcr with this Sc�urity �
<br /> Instrument)ma be sold one or more times without prior notice to Borrower. A sale may result in a change in the entity �
<br /> (known as the�Loan Servicer") that callects monthly payments due under the Note and this Security Instrument.There J„_��=
<br /> • also may be one or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan
<br /> � Servicer, Borrower will be given written notice of the change in accordancc with paragraph la above and applicable law. :���.—
<br /> � The notice will state the name and address of the new Loan Servicer and the address to whiGh payments should be made. �y.:. , M
<br /> The notice will also contain any other infarmation required by applicable law. ,
<br /> 20.Haznrdou.s Substances. Bonower shall not cause or permit the presence,use, disposal,storage, or releane of
<br /> , � any Haxardous Substances an or in the Pro�erty. Bonower shall not do, nor allow anyone else to do, anything utfecting .. - -
<br /> , the Property that is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence, _
<br /> use,or stora�e on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate
<br /> to normal residential uses and ta maintenance of the Property.
<br /> Borrower shall promptly give Lender written nonce of any investi�ation, clairn,demand,lawsuit or other action by
<br /> any governmental or regulatory agency or private party involving the Propeny and any Hazardous Substance or Environ- _,
<br /> mental Law of which Bonower has actual k��owledge. If Bonower learns,or is notif ied by any govemmental or regulatory ��
<br /> authority,that any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower :
<br /> '� n shall prornptly take all necessary remedial actlons in accordance�vith Environmental Law. ,
<br /> As used in this paragraph 20, "Hazardous Substances"are those substances defined as toxic or hazardous substances :` �;��
<br /> by Environmental Law and the following substances: gasoline, kerosene, other t]ammable or toxic petroleum products,
<br /> > toxic pesticides and herbicldes, 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 jurisdiction where the Property is
<br /> located that relate to healut, satety or envirocuunutal proth.tion. ;-.;- :
<br /> NoN•UwFO►u�e CovxNnNrs.Borrower and L.ender further covenant and agree as follows: •
<br /> 2 1.A c c e l e r a t t o n; Remedies. Lendcr shall give notice to Borrower prior to acceleration following Borrower's :�,;,':. �t� _
<br /> breach of any coveaant or agreement in this Security Iastrument(but not prior to acce lerat ion un der paragrap h 1 7 , • :�
<br /> unless appl[csble law provides otherwise).The notice shall specify:(a)the dePanit;(b)the uctlon required to cure the �'��. ,: .
<br /> default; (c) a date,not less thun 30 days from the date the notice is given to Borrower,by which the default must be •:*�:: ,
<br /> cured;and (d)that failure to cure the default on or bePore the date spectfied in the notice may result in acceleration : �
<br /> of the sums securecl by this Security Instrument and sale of the Property.The notice shall further inform Borrower
<br /> of the right to relustate after acceleration and the right to briag a court action to assert the non-existeace of a ,
<br /> default or any other defense of Borrower to arceleration and sale.If the delaWt is aot cured on or before the date '�,,.
<br /> sp�ified In the notice, Lender at fts optlon mey require i�nmediste peyment in full of all siuns secured by this �`��_ _
<br /> �ecurity Instrumeat without further demand and may invoke the power of sale and any other remedies perm[tted by .,.,„
<br /> applicablc la�v. Ix.nder shall be entitled to collect all expenses [ncurred in pursuing the remedies provtded in this ;,.�.'� -_
<br /> paragrap6 21,including,6ut not limited to.reasonuble attorneys'fecs and costs of t[tle evtdence. ��� —
<br /> If the power of ssle is invoked.Trustee shall record a notice of default ta each county in whtch any part oi the �'�;,
<br /> Property ls located and shall mail copies of such notice in the manner prescribed by appltcable Isw to Borrower end •�f.-
<br /> to the other persons prescribed by applicable law. After the time required by applicable law, Trustee shall give �F..�-A�—"
<br /> public notice of sale to the persons and in the munner prescrti�ed by applIcable law. Trustee, without demand on .._w_ _ _
<br /> Borrower, shall sell the Property at publtc auction to the highest bidder at the time and place and under the terms .�.�;-"`�
<br /> designated in the narc 1 of the Pro nrt bm�ubl[c announcement ut hee tj aad place of any prre ously sheduled , y�r ^
<br /> ; sale of aU or uny p Pe Y Y p �-�:•:.. -:-:
<br /> sale.�.ender or its designee mny purchase thc Property at any sale. '
<br /> U p on receipt of payment of the�rice btd,Trustee shall deltver to the purchaser Trustee's deed conveying thP "�:�-���-----�
<br /> ' property. The recitals in t he T r u s tec s d e e d s ha l l be p r i m a F a c t e e v i d e n c e o t t h e t r u t h o f t h e s t a t e m e n t s m a d e �.;,i;�.:�;���:
<br /> therein.Trustee shall apply the procecds of the sale in the following order: (a) to a11 costs and expenses�of exerc[sing ��.•„ ��: ;b.
<br /> ' 'ilYq,
<br /> Form 3028 9/90 fpaggg//���r �oel 6n1 . .
<br />= BANKEHS SYSTEMS.INC.SL Cl6UD.MN 68302 11 800]97 23411 FOpM M0�1-NE 2�8�91 ��— ��A--�'� _. �
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