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<br /> 17. Tranafer of the Property or e Beneficial Interest in eorrower. If ell or eny pert of the Property or � _
<br /> • any Interest In it Is soid or t�ansferred (or if e benet��el interest in Borrower Is sold a transferred and Borrower is not a natural ,
<br /> "! person) without Lender's prior writien consent, Lender may,at Its option,requlre Immudlate payment In full of all 5ums socured 6y _
<br /> , � Ihis Secudty Instrument. However, Ihis opdon shall not be exerclsed by Lender il exercise is prohiblted by �ederal law as of Ihe =
<br /> date of this Security Instrument. �
<br /> It Lender exerclses this option,Lender shall gNe Borrower notbe of acceleration. The not�e shell provide e perlod of not (p -
<br /> i less Ihan 30 days from the date the not�e Is delivered or mailed wRhin wh�h Borcower must pay all sums secured by Ihis � _ -
<br /> � Security Inatrument. If Borrower falb to pay these sums prlor to the explratlon of this perbd,Lender may invoke any remedles � _
<br /> � ' � perrtwlled by this Security Instrument without fuRher not�e or demand on Borrower.
<br /> , � 16. Borrower'a Right to Relnstate. If Borrower meets certain conditions, Borrowor shall have the riflh! to hpva C _ -
<br /> enfacement of this Securfty Instrument dlscontinued at any time prior to the eariler of: (a) 6 days (or such other perbd es �, � , . _
<br /> applicable law may specify for relnstatement) before sele of the Property pursueni to any power of Saie Contalned in this Security �
<br /> �
<br /> �F., Instrwnent; or (b) entry of a judgment enforcing this Securiry Instrument Those condidons ure Ihat Borrower. (a)pays Lender all O _=
<br /> surns wh�h then would be due under thls �eCUrity Instrument and the Note as If no acceleration had occurred; (b)cures any _
<br /> detault of eny other covenant or agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including,but � ..
<br /> not limited to,roasonable attorneys'feds;and (d)takes such actlon as Lender may reasonably requke to assure that the Ilen ot
<br /> this SecurRy Instrument, Lender's iights in the Property and Borrower's obligatlon to pay the sums secured by this Security
<br /> Instrument shall continue unchanged. Upon reinstatement by Borrower, this Securdy Instrument and the �bNgatbns secured
<br /> hereby shall remain fully eHectNe as If no acceleratiAn had occurred. However,thls right to reinstate shall not apply in the cese
<br /> i � of acceleratlon under paragraph 17. _
<br /> 19. Sel@ 01 NOt@; Change of Loan Servlcer. The Note or a e p8rtial interest In the Note (together wdh ihis
<br /> � I Securay Instrument)may be sold one or more times without prlor not�e to Borrower.A sale rney result In a chenge in the entRy
<br /> (known es the"Loen Serv�er")thal collects monthly payments due under the Note and this Security�nstrument. There also m8y
<br /> +� be one a more changes oi the Loan Serv�er unrelated to a sala of the Note. If there IS a change of the Loan Servicer,
<br /> ! Borrower wiil be gNen written notke of the change In accordance wkh paragraph ta above and appl�able law. The not�e will =_
<br /> � state the name and address of ihe new Loan Servicer and the address to whiCh paymants should be made. The not�e wlll elso
<br /> ,� comafn any other info►mation requked by appliCable law, -�`-
<br /> , 20. Hazardous Substances. Borrower shaY not cause or pertnit the presence, use, disposal, storage, or release of __
<br /> � � any Hazerdous Substances on or h the Property. Borrower shall not do, na allow anyone elsA to do, anything aHecthg the -__
<br /> Property ihat �5 in violation of any Envlronment8l Law. The preCeding two se�tences shall not epply to the presence, use,or
<br /> �.� storege on the Property of small quantltles of Hazardous Substances that are„�neraily recognlzed to be appropriate to normal =
<br /> residentlal uses and to maintenence ot the Property. „����
<br /> Bonower shaA promptly gHe Lender written not�e of any hvestigatlon, ctaNn, demand, lawsult or other action by any
<br /> � � govemmentai or regulatory agency or prNate party Invofving tho Property and any Herardous Substance or Envtronmental Law of _
<br /> _ -h�h P.a7o�r.er hs: actufll knew�+�p• �f Bonower leams, or Is notHled by eny govemmental or regulstory authority, that any
<br /> ' removal or other remediatlon oF eny Hazardous Substance affecting Property is necessary, BoROwer shall promptry take au _
<br /> nacessary remedlal nctlons in accordance with Environmental Law. � _ --
<br /> � As used In this paragraph 20,'Harardous Substances" are those substances defined as tox�or hazardous substances by ���__�.
<br /> • Env'ronmental Law and the Iollowing substances: gasoline, kerosene, other flemmeble or toxb petroleum products, toxic -���
<br /> pest�ides and herblcides,volatue solvents, materials contalning asbestos or formaldehyde,and radbactive materiais. As used in _ _�;-
<br /> . ,' � peragraph 20, "Environmental Law'means federal laws and laws of the Jurisd�tion where the Property Is located that relate to _^
<br /> � heaRh, sefaty or envtronmental proteCtion. �
<br /> ' NON•UNIFORM COVENANTS.Borrower and Lender further covenant and agree as foNOws:
<br /> ���, I 21. Acceteration; Remedies. Lender ahell give notice to Borrower prior to ecceleration �_ - -
<br /> %• followtng Borrower's breach of any covenant or agreement in this Securlty Instrument (but not
<br /> . prlor to ecceleration under peragreph 17 unless epplicebte law provides otherwtse). The notice __
<br /> shell specify: (a) the defeult; (b) the action requtred to cure the default; (c) e date, not leas than
<br /> � 30 days trom the date the notice la given to Borrower, by which the default must be cured; end ==
<br /> ` (d� that taiture to cure the deteuit on or bafore the date apectfied in the nottce may result in "-'
<br /> } ecceleration of the sums secured by this Security Instrument and sale of the Property. The notice �-� ---=-
<br /> 3 shell further iniorm Borrowe� of the right to reinstate after acceleretion and the right to bring a
<br /> .�c court action to assert the non-existence of a default or any other defense of Borrower to y�_�
<br /> �� ecceleration and sele. If the default is not cured on or before the date apecified in the noUce, ,�,�`
<br /> Lender at Its option may require immediate payment in fuil of ell sums secured by thls Securtty _ _
<br /> InaVument without further demand and may invoke the power of sale and any other remedies —_:
<br /> �--
<br /> permitted by appliceble law. Lender ahali be entitied to coilect ali expenses incurred in pursu(ng .,i v_ .. '3".''.'
<br /> the remedles provided in this paragraph 21, includ(ng, but not Iimtted tv, reasonable attomeys' ' :� ..' y} ��.
<br /> ,.�.,
<br /> fees and costs oi title ovidence.
<br /> If the power of sele is invoked, Trustee shalt reaord a �otice of default in each county In ��`• �• :;�r��'�`:`�'•`
<br />- wh(ch any pert of the Property ta loceted and shali matl co les of such nottce in the rnanner _ n'�
<br /> p .. �•- �.,..
<br /> ' prescribed by applicable law to Borrower and to the other persona prescribed by eppliceble law. � �.��•: ��".��'-�
<br /> �.�..
<br /> After the time required by applicable law, Trustee shall give pubiic notice of sale to 3he porsons
<br /> and in the manner prescribed by epplicable taw. Trustee, without demand on Borrower, shalt sell
<br /> the Property at public auctfon to the highest bidder at the ttme and place and under the termg •
<br /> designated in the not(ce of sale in one or more parcels and in any orde� Trustee determines.
<br /> Trustee may postpone sale of all or any parcel of the Property by public announcement at the
<br /> time and piace of any prevfously scheduled sale. Lender ar its designee may purchase the
<br /> Property at any sele.
<br /> Unon recelat of pevment of the prlce btd, Trustee shall deliver to the purchaser Trustee's
<br /> ! deed conveyfng the Property. The recitals in the Trustee's deed shatl be prima tacie evulence of � � -- -�----
<br /> � ' the truth of the statements made therein. Trustee shall epply the proceeds of the sale in the
<br /> - � following order. (a) to ail costs and expenses oi exercisi�g the power of sale, and the sale, !
<br /> ' incl�ding the payment of the Trustee's fees actuaily incur�ed, not to exceed three !
<br /> - °� of the principal amount of the ,
<br /> ' note at the time oi the declaration of default, and reasonable attorney's fees as permitted by law; �
<br /> - (b) to a!I sums secured by this Security Instrument; and (c) any excess to the person or persons !
<br /> - leynlly entitled to it. �
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