|
�. . .
<br /> '• ti
<br /> { 16. Borrotver's Copy. Barrower shall be given one conformed copy of the Note and of this Security Instrurnent, _
<br /> 17. Transter af the Property or a Iienoficial Interest in Borrower. Ii all ur any part of the Property or any __
<br /> intere.g t in it is sold or transferred`or if a Ueneficial interest in Borrower is sold or transferred and Borrower��not a __
<br /> • , natural person)without Lender's prior written consent,Lender may,at ita option,require i mrtlediate payment in 4ull of _, .
<br /> a1! sums secured by this Securi ty Instrument. However, this opt�on shall not be exercised by L.ender if exercise is�
<br /> prohibited by federal lativ as otthe date�f this Security Inauument. � _
<br /> If Lender exercises this optton,Lender shall give Bonower notice of accelerxtion."1'he notice shall provide e pCriud I
<br /> of not less than 30 days from tha date the notice is delivered or mailed within which Borrower must pay all sums secured �
<br /> by this Security Instrument.ItBorrower fails to pay thexe sums priar to the expiration of thisperiod.I.ender may invaka�.i,
<br /> any remedies permitted by thiaSecurity Inatrument without further notice or demand on H�rtower., • '• � • :��:-----
<br /> 18. Borrower's Right to Reinstate. If Borrower meets certain conditions,Burrower ahall.have the i�tght to have�,l .:��:_
<br /> enforcement of this Secunty Instrument discontinued at any time prior to the earlier of:(a)�day�(or such other perfod� y_F._=
<br /> as applicable law may specify tor reinatatement�before sale of the Property pursuant to anypov�er of sale conteined it� � _ _ __
<br /> this Security Instrument;or (b) entry of a judgment enforcing this Secunty Inatrument,Thos�. conditions are thatr� _-
<br /> Borrower: (a) pays Lender all sums which then would be due under this Security Inatrument and the Note as ii no -
<br /> acceleration had occurred;(b)cures any default of any other covenants or agreements; (c) peys all expenses incurred in
<br /> enforcing this Security Instrument,including,but not limited to,reasonable attorneys'fees;end(d) takes such action as ..
<br /> Lender may reasonably require to assure that the lien of this Security Inatrument,Lender e rights in the Property and -�•�
<br /> Bonower's obli�ation to pay the sumssecured by this Security Instrumentshall continueunchanged.Upon rein�tatement
<br /> by Borrower,th�s Security Inatrumentand the obligations secured hereby ahall remain fully etiectivs ea if no acceleration
<br /> had occurred.fiowever,this right to reinstate shall not apply in the case of acceleration under paragraph 17. .
<br /> � 19.Sale of Note; Chsnge of Loan Servicer.The Note or a partial interest in tho Note(together with thisSecurity ;�,.
<br /> , Inetrument)may be sold one or rnore times without prior notice to Borrower.A sale may result�n a change in the entity �,�..�
<br /> i (known as the"Loan Servicar'1 that collecta monthly payments due under the Note and thisSecurity Instrument.There
<br /> a 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 I..oan .
<br /> Servicer,Bonower will be given written notica of the change in accordance with paragraph 14 above and applicable law. w=_;� �
<br /> '; The notice will state the name and address of the new Loan Servicer and the address to�vhich payments should be made. ,� _ -
<br /> '�'- The notice will also contain any other informntion rec{uired by applicable law. - •
<br /> • 20. Hazardous S ubstances.Borrower shall not cause orpermit the presence, use,disposal, storage,or relesse of �•_
<br /> �, any Hazardous Substances onor in the Pro�erty.Borrower shall not do,nor allow anyone else to do,anyth�ngaffecting �:+i'�.�s'-
<br /> �� the Property that is in violation of any Env�ronmental Law.The preceding two sentences sheA not apply to the presence, ;;;��;�F
<br /> use, or atorage on the Property of small quantities of Hazardous Substances that are generally recogni7ed to be .� ���_--
<br /> appropriate to normal residemial uses and to maintenance of the Property.. ;. -
<br /> �_-- Borro�er shali pramptl;g:��e Le�der s:�ritten notice of any invPat�Eation,daim,demand, lawsuit or other action by ���°:�.
<br /> any governmental or regulatory agency or private party involv�ng the Property and anY Hazardovs Substance or - .�,.���_�
<br /> Envirunmental Law of which Boaower has actual knowledge.If Bonower learns,or is noti6ed by any governmental or ,�:��;�,��
<br /> regulatory authority, tliet any removal or other remediation of any Hazardoua Substance affecting the Property is ;. ';.,-�
<br /> necessary,Borcowershall promp tl�take all necessary remedial actions in accordance with Environmental Law. i ���;;G
<br /> As used in this paragraph 20, Hazardous Substances"are those substances defined as toxic or hazardous substances :.;..-
<br /> by Environmental Law and the 4ollowing substances:gasoline,kerosene,other flammable or toxic petroleum products, ��.:
<br /> ,, toxic �esticides and herbicides, volatile solvents, materials contaimng asbestos or tormaldehyde, and radioactive
<br /> ��:.,
<br /> matenals.As used in this paregraph 20,"Environmental Law"means federal laws and lawsof tha jurisdiction where the ` :,
<br /> ' Property is located that relateto health,safety or environmentel protection. '
<br /> NON'UTIIFORM COV EIJ ANTS.Bonower and Lender f urther covenant and agree as foll owa: ••._�.�f'�—
<br /> 21. Acceleration; Remadies. Lender shall give notice to Borrower prior to acceleration following - '�'"��� -
<br /> :; Borrower's hrcach of any covenant or agreemont in thia Secarity Inatrument (but not prior to acceloratlon ' :�
<br /> ;� under p�ragraph 17 ualess�ppltcable law provides otherwise).Tho notice shsll epecity:(t)the default;(b)the -a�fn
<br /> action required to cure the default; (c) a date, not less than 30 days irom the dtte th� notice is given to '��'
<br /> Borrower, by which the detault must be cured; and (d)that failure to cure the defiult oa or bo[ore the date ��-`�
<br /> � specified ia the notice may result ia acceleratlon of the sums secured by this Security Iastrument aud s�le of ��" -
<br /> the Property. The notice shall further inform Borrower of the right to reinstate ifter acceleration+�nd the ,`�1,��,'",��;,_
<br /> � right to bring a court actIon to assert the non-existence of a default or any other dot�nse of Borrower to ,;9_�
<br /> acceler�tion and sale.It tbe deisult is not cured on or before the dstc specified ia thc aottco. Lender, at its -Y���i-�`^
<br /> option, may r�quire imrnedi�te payment in full of all sums secured by this Security Instrument without �_____.____..
<br /> - further demand and may invoke the power of sale and any other remedies permitted by applicable law. • _
<br /> Lender shall be eatitled to collect all exaenses incurred in pursuing the remedies provided in this p�ragraph '? t F ie,
<br />- 21,including,but not limitcd to.reasonable attoraeys'fees and costs of title evidesnce. - •� . w� �"'' �-
<br /> - If the power of sale is invoked,Trustee shall record a notice of default tn each couaty in which any part of ' '- -� ` � '�'-
<br /> the Property is located and shs11 mail copies of such notice in the manner Qrescdbed by applica b le law to �,�,;�YK,-- �• >�
<br /> Borrower and to the other persons prescr�bed by applicable law. After the t�me requ�red by applic�ble law, ..
<br /> � Trustee shall give public not Yce of sale to the persons and ia the manner prescriLed by applicable law.Trust�e, �
<br />_ i without demand on Borro�ver,shall sell the Property at public auction to th�highest bldder at the time and
<br /> = place and undcr the terms designated in the notice of sale in one or more parcelsand in any order Trustee �
<br />_ � dotermines.Trustee may postpone sale of all or any parcel of the Propecty by public snaouncement at the ' I •. „
<br /> time and place of any previausly scheduled sale. I,ender or its designee may purchase thc Propert�� at eny
<br />- I sale. ' � .
<br /> �
<br /> Ferm 3D26 9/90
<br />' � �-6RINE1�9tt1i.ot v�o.,or 6 Initiels: �
<br /> I
<br />� I
<br /> ' � . _
<br />�
<br /> �
<br /> .�
<br /> , � ,
<br />
|