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<br /> . � t7.TransPer af the PropeMy or a Beneficlal Interest in Borrower. If all or any part of[he Property ar any interest in ic • `_
<br /> is sold or transferred(or if a benefictal interest in Borrower is sold or transfcrred and Banawer is not a natural person)witho�lt
<br /> Lcnder's prior written conscnt, L.cnder may, at i�s option, rcquirc immcdiatc payment in full of all sums secured by this
<br /> Security Instrument. However, this option shaU not be exercised by Lender if exercise is prohibited by federal law as of che date
<br /> of this Secucity Instrument. �
<br /> , If Lender exercises this option,Lender shall give Bonower notice of acceleration. The notice shall provide a period of not •
<br /> � less than 30 days from the date the notice is delivered or mailed within which Bonower must pay all sums secured by this _
<br /> � Security Instrument. If Bonower fails to pay these sums prior to the expiration of this period, l.ender may invokc any remedics
<br /> i permitted by this Security Instruinent without funher notice or demand on Bonower. .:=.,.. ;.��
<br /> I 18. Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrawer shall have the right to have t--: • _
<br /> I e n f o r c e m e n t o f t h i s S e c u ri t y I n s t r u m e n t d iscontinued at an y time prior to the earlier of: (a) 5 da s(or such uther eriod as �` ' � ;'^ -
<br /> Y P "„�t"��if�.,
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<br /> applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale containe d in t his r.�-�
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<br /> Security Instrument;or(b)entry of a judgment enforcing this Security instrument.Those condicions are that Borrower:(a)pays
<br /> Lender all sums which then would be due under this Security Instrument and the Note as if no acceleration had occurred; (b)
<br /> ;I cures any default of any other covenants or agreements; (c)pays all expenses incurred in enforcing ihis Security lnstrument, y_.�::,�,,..
<br /> 1 including,but not limited to,reasonable attomeys'fees;and(d)takes such action as L.ender may reuonably require to assure -
<br /> that the lien of this Security Instrument,L.endcr's rights in the Property and Bonower's obligation to pay thc sums secured by
<br /> this Securicy Instrument shall continue unchanged. Upon reinstatement by Borruw�r, this Security Instrument and thc
<br /> obligations secured hereby shall remain fully effective r�.s if no acceleration had occuned. However, this right to reinstate shall
<br /> not apply in the case of acceleration under puagraph I 7.
<br /> 19. Sale of Note; Change oI Loan Servicer. The Note or a partial interest in thc Note (together with this Security ,, .
<br /> . Instrument)may be sold one or more times without prior notice to Bottower. A sale mny result in a change in the entity(known
<br /> as the "Loan Servicer")that collects monthly payrnents due under the Note and this Securiry Instrument. There also may be one
<br /> or more changes of the Loan Servicer unrelated to a sale of the Note. If chere is a change of the Loan Servicer,Borrower will be _
<br /> � given written notice of the change in aceordance wilh paragraph 14 above and applicable law.The notice will state the name und . _
<br /> address of the new Loan Servicer and the address to which payments should be made. The nocice will also contain any other
<br /> information required by applicable law, �
<br /> * 20. Hazardous Substances. Bonower shall not cause or permit the presence, use, disposal, storage, or release of any ��:��s. . �'r.;:.
<br /> " Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the �.��:' ,'��:.
<br />- -, Property that is in violation of any Environmencal Law. The preceding two sentences shall not apply to the presence,use, or �f-• � }��'��
<br /> storage on che Property of small quantities of Hazardous Substances that aze generally recogni�xd LU VC 71F)�)1UY11i1IC�. to n�rn��t
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<br /> residential uses and to maintenance of'the Property. i,��•
<br /> Bonower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or ocher ac[ion by any , �,�
<br /> governmental ur regulatory agency or private party invulving the Proper[y and any Hazardous Substance or Environmental Law ., .---
<br /> of which Borrower has actual knowledge. If�arrower learns, or is notified by any govemmental or regulatory authority,that `��;:�
<br /> any removal or other remediation of any Hazardous Substance affecting the Property is necessary,Boaower shall promptly take �- .. ,
<br /> all necessary remedial actions in aaordance with Environmental I.aw. i-` '�•
<br /> As used in this paragraph 20, "Hazardous Subscances" aze those substances defined as toxic or hazardous substances by ,�'.
<br /> '� Environmental Law and the following substances: �asoline, kerosene, other flammable or toxic petroleum products, toxic ; ;Z
<br /> �. pesticides vid herbicides, volatile solvents.materials concaining asbestos or formaldehyde,and radtoactive matedals. As used in � _
<br /> this paragraph 20, "Environmental Law" means federal laws and laws of the jurisdiction wherc thc Properry is located that r-���=—
<br /> � relate to health,sufety or environmental pro[ecdon. � �-
<br /> � NON-UNIFORM COVENANTS.Bonower and Lender further covcnant and agree as follows: - —
<br /> 21.Acceleration;Remedies.Lender shall gtve notice to Bon ower prior to acceletaRion fotlowing Borrower's breach �
<br /> of any covenant or agreement In this Secur[ty instrument (but not prlor to acceleration under paragraph 17 unless ;.���
<br /> appltcable law provides otherwise). The notice shall specify: (a)the default; (b)the action required to cure the defnult; -
<br /> (c)a date, not less than 30 days trom the date the notice Is given to Borrower, by whtch the default must be cured;and ��
<br /> ; I (d) that failure to cure the default on or before the date specifled in the notice may resuit in acceleration of the sums .;;a;-_�—
<br /> secured by this Security Instrument nnd sule ot the Property. The notice shall further inform Borrower of the right to ��
<br /> ��� retnstate after acceleration and the dght to brin� a conrt aMion to assert the non-extstence of a de[ault or any other _..== -- .
<br /> T' ' defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the not[ce, �°^�u�_-
<br /> - ' Lender, at tts optton,may requfre immedtate payment in full of all sums secured by this Securtty Instrument without _
<br />� • fu�ther demand and may Envoke the p4wer of salc and any other remedies permitted by applicable law.Lender shall be - �
<br /> entitled to collect all expenses incurred in pursuin�the remedies provided in this paragraph 21.including,6ut��t limited �..�w �'`�;:
<br /> to,reasonable attorneys'fees and costs of title ev(dence. �'••"� •� 'y'"��
<br /> If the power of sale is invoked, Trustee shall record a notice oP default in each county in which any part of the s�x''+"r
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<br /> Property is located and shaU mafl copies of such notice in the manner prescribed by appHcable law to Borrower and to ,�"�'�::.�.;:�t,.
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<br /> the other persons prescribed by appltcable lnw.Afier the time required by applicable law,Trustee shaU give publtc notice •ti••..
<br /> of sale to the persons and in the manner prescribed by applicnble Inw.Trustee. wtthout demand on Borrower,shall sell . '.��F�-"
<br />— the Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of � •-.:��
<br />= sale in one or more purccls and in any order Trustee determines. Trustee muy postpone sale of all or any parcel of the • .
<br /> � Property by public announcemeut at the time and place of any previously scheduled sale. Lender or its designee may
<br />_ purchase the Property at any sale.
<br /> Form?0 0��
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