|
�
<br /> .;�
<br /> „ � � '
<br /> � 18.•Borrower's Right to Reinstete. If 8orrower meets certeln conditbns, Bonower shall h8ve the rlght to have
<br /> enforesment of this Securlty Instrument dl&continuod at any tlme prlor to the earller of: (e) b days (or euch other perlad as appl�able �
<br /> � lewi mey specity lor reinstatemont) before sa�e ol Ihe Property pursuent to any power of sat9 contained in this Secunty Instrumenl; or� � _
<br /> � (b) entry ol a �udgment enforcinq thf,Secur�ty In,trument Thp,e conditions flre thnt dorrower: lal pAys Lender nll sum5 which ihen� �
<br /> � would be due untlor thls Securdy Inslrume�t o�d tho Note as if n0 eCCekiretlon had ocCUrred; Ib) curos uny do�Aull ol eny olher I , _
<br /> � covenant or agroomonts; (c) pays nll expen5es �ncurred �n enforCing th�s Securdy Insirumenl, inclutling, but not i�m�tetl to, reasonab�e�
<br /> l►ttorneys' fee5: end (d)tekBS such Hcllon U5 Lentler mey rea6onebly requv0 to BSSUre th8t lhe Iion ol this SBCUn�y InStrumenL I.ender'e� . :R,_
<br /> rghls in lhe Proparty flnd Borrower's ob�igatron to pny the sums securod by thls SeCUrity InStrumenl shall continuo unchnnged. Upon� � "
<br /> � roinstatement by Borrower, this S9cu�ay Inetrument end the oblipetions seoured hereby ahali romnh tuuy eHective us 11 no acceierado�r � r,:�,
<br /> had occurred. Howevor, this riqht to re�nstele shall not appy +n the case of aCCeleratbn under peregraph 17. � ��Y F
<br /> 19. Sele oi Note; Change of Loen Servlcer. The Note or 8 pertle� �nterest �n the Note (toflether with this SoCUril� � �,'. -
<br /> Instrument)may be sold one or more Iimes without prbr not�e to Borcower.A eab may result In a ahanqe h the entity(known ts th� Y_
<br /> "Loen Servfcer') that collecls monthty payments due under the Note and this Securky Instrument. There alGO may be one or more °'�I l
<br /> � chanyes of the Loan Serv�er unrelated to �sale of the Note. If there Is a ohanpe ot the Loen Servicor,Borrower wlli be pNen written —
<br /> . ln�.,�,,__
<br /> '� notice of the change In acCOrdance wRh perayraph 14 above and applbabie lew. The notfce wlll stete the nams and address of the ",�..�:_-
<br /> � new Loan Servtcer and the addross to whfch paYment6 should be mede. The notice wlll also contain any other informatbn required by _'[`�.�
<br /> i BPPlbable law.
<br /> �--
<br /> 20. Hazardoua Substances. Borrower shall not cause or pennit the presence, use, disposal, atorage, or rel�ase ol any ,_-
<br /> I Hazardous Substances on or �n the Propeny. Borrower shall not do,nor allow anyone else to do,anything eHecting the Property that _
<br /> i s I n v i o l a H on ol en y Environmental Law. The precading two sentencos shell not apply 10 tho presence, use, or storape on the
<br /> Property of smell qunntates of Hazardous Substences that are generaNy reCOpnlzed to be appropr"�ale to normui residentfal usAS end to
<br /> mahtenenCe of the Property. --
<br /> Borrower shall promptly gNe Lender wrqten notice of 8ny invostpation,clalm,demend. lawsuit or other action by any govemmental __-
<br /> ' or reguiatory agency or prNate party nvo►v�ng the Property and anv Hazardous Substance or Environmentai Law af wh�h Borrower has
<br /> y3 actual knowledge. If Borrower learns,or Is notllied by any govemmental or reguiatory euthority, that any removal or oiher remedlation
<br /> � of any Harardous Substance aHecting the Property Is necessary, Bortower shall prompty take all necessary remedlal actlonc „ _
<br /> aCCOrdance with Environmental Law. �
<br /> As used In this paragraph 20, 'Hazardous Substances" are ihose substanoes dafined as tox� or haiardous substanCes by 4 �.h
<br /> t Environmentai Law and the following 6ubstances: gas0��ne,kero6ene,other 1lammable or tox� petroleum products,toxb pest�ides and .
<br /> herb�ides, volatile soHents, meteriais Containing asbestos or formaldehyde, and radloactive materials. As used in thls paragraph 20, —
<br /> � �• "Environmental Law" means federal laws and laws of the jurisdfction where the Property is loCaled ihat relate to health, safaty or �
<br /> environmentel protecUon. �
<br /> NON•UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: �
<br /> 21. Acceleration; Remedles. Lender shall give notice to Borrower prior to acceleretion following . a-:_:
<br /> Borrower's breech of any covenAnt or agreement in thia Security Instrument (but not prior to . ��'''
<br /> ecceleration under peregraph 17 unteaa appiicabte law provtdea otherwise). The notice ahali specify: , , 'Y
<br /> (a) the defeult; (b) the ection requirea to cuiG ihe d�4aui2; (cj a ds.o, na! l��: Lt�sr. 34 clays fr!+m *h� -,s ` �.�,..-
<br /> date the notice is g(ven to Borrower, by which the default must be curod; and (d) thet failure to cure �;: . \;.�.
<br /> the deteult on or before the date specified in the notice mey reault in acceleretion of the auma �.�� �P��•°
<br /> secured by thia Security InaVument and aale of the Property. The nattce shali turther inform ,:Q`�� •`�
<br /> B o r r o w e r o f t h e ri ght to reinstete aiter nccele�ation and the right to bring a court ectlon to assert the
<br /> r �:.
<br /> non-existence of a deteult or any other detense ot Borrower to acceleration and sele. If the d�fault Is ��
<br /> not cured on or before the date specified in the notice, Lender at its option mey require immediate
<br /> payment in tull of all suma secured by this Security InsVument w(thout turther demend end mey
<br /> h$ '
<br /> invoke the power of sale and any other remedies permitted by appltcable law. Lender shail be F ;,,
<br /> entitied to coliect alt expenses incu�red in pursuing the remedies provided in thia paregraph 21, �__�_�
<br /> including, but not limited to, reasonable Attorneys' fees and costs of title evidonce. �=�_
<br /> If the power of sale is invoked, Trustee shail record e notice of detautt In eaah counry in which '
<br /> any part of the Property is located end shail meii coptes of such notice in the menner prescribed by '..,� �;�
<br /> applicable law to Borrower and to the other persons prescribed by applicable law. Atter the time `
<br /> required by applfcabie law,Trustee ahali g(ve pubiic notice of aale to the peraons and in the manner � ��a�
<br /> prescribed by appl(cable law. Trustee, without demend on Borrower, ahnit aell the Property et public ;;_`;�-�,��
<br /> auctlon to the highest bidder et the ttme and place and under the terma deslgneted (n the notice oi �•y-_
<br /> - sale in one or more parcela end in any order Trustee determines. Truatee may postpone sale oT ail :,,�� '
<br /> " or any parc�l of the Property by pubifc announcement at the time and place of any previously ,,1���,;
<br /> scheduled sele. Lender or Its designee may purchese the Property et any sale. :_�;��..`
<br />= Upon receipt of payment of the pNce bid, Trustee shatl detiver to the purche�er Trustee's deed .•;s° ___�
<br />= convoying the F'roperty. The recitals in the Trustee's deed shail be prima facie ev(dence of the truth �,��;�•�'�
<br />� af the statements made therein. Trustee shatl apply the proceeds of the sale in the tollowing order: _� �A
<br /> (a) to atl costs and expenses of exercising the power of sale, and the eale, including the peyMent of _ _
<br />. the Trustee's fees actually incurred, not to exceed 3 °,6 of the principal amount of the note _
<br /> at the time of the declaration of defeult, and reasonable attorney's tees as permitt�:d by law; (bj to ell
<br />- sums secured by this Security Instrument; and (c) any excess to the person or persvns Iegally .
<br /> " eMftled to it. •
<br />— 22. Reconveyance. Upon payment of all sums secured by thi�Securiry Inst�ument, Lender shall request Trustee to reconvey
<br /> the Property and shal surrender this Security Instrument end au notes evidenCing debt secured by this SeCUrfty Instrument to Trustee.
<br /> Trustee shall rgconvey the Property without warranty and without chnrge to the person or persons IegaNy ent�tled to it. Such person or
<br /> persons shall pay any recordntbn costs. �
<br /> I23. Substitute 7rustee. �ender, at its option, may trom time to time remove 7rustee and appomt e successor trustee to i .
<br />� � ilny Trustee appomted horeunder by an msirumenl recortletl �n ihe county m whiCh th4 Securdy Inslrument �s record0d. W�thout I
<br /> � conveynnce o� Ihe Propehy, successor Uustee shaA succeecl to a�i the dlie, power and duties conterred upon Trustee herein and by L
<br /> . � apP��aD�e�aw. �
<br />_ 24. Request fo� NOtICes. earrower requests that cop�es of thp notices of delpult end se�e be sent to Borrower's nddress I
<br /> � wh�Ch is the Property Address. ,
<br /> - ' 2b. Riders to this Security Inetrument. II one or more riders are executed by Borrower and �ecorded togather with
<br /> th�s Securfty Instrument, the covenenis and agreements of each such rider shall be �nCarporated into end Shall amentl and supD1ement
<br /> ihe covenants and agreements o� th4 Security Instrument as if ihe nder(s)were a part of ihis Security Instrumenl.
<br /> — �„�•.+aozn e o0
<br />.Y, t•a-��, n � ti �
<br /> 1� .��1 Mi�1'�� �/� '
<br /> 2
<br /> �•.1
<br />
|