|
��
<br /> _,_
<br /> .
<br /> �
<br /> ^� 1 b.Borrower's Copy. Borrower shall be given one conformed cony��f the N�te and of this Security lnatrumcnt. �
<br /> • 17.Tranafe��f the F'roperty or e Beneficial Interest ia Borrower. If all or any part of the Property or any �
<br /> interest in it is sold or transferred(ur it a beneficial interest in $orrower is sold or transierred and Borrower�s not a .,,
<br /> natural person) with�ut Ixnder's prior written consent,I.ender may,at its option,require immediate payment in full oi
<br /> all sums secured by this Security Instrumcnt. Iluwevrr, this uptiun shall not be exercised bp Lender if exercise is �
<br /> prohibited by federal law es oi the date of this Security Instrument, � !�
<br /> If Lender exercises this option,I.ender shall give Borrower notice of accelerati�n.'Phe notice shall provide a period � -
<br /> of not less than 30 days from the date the notice is delivered or mailed within which Horrower must pay all sums secured � *`
<br /> by this Security Instrument.If Botrawer fails to pay these sums prior to the expiration of this period,Lender may invoka � ..
<br /> any remedies permitted by this Sacurity Instrument without further notice or demand on Horrower.
<br /> 18. Borrower's Right to Reinstate. If Borrower meets certein conditions,Borrower shall have the right to have �� z
<br /> �t-.A'�.
<br /> enforcement of this Securit�Inatrument discontinued at any time prior to the earlier of:(a)S clays (or such other period W
<br /> as applicable law may spec�fv for rrinstetement)before sale of the Property pursuant to any power of sele contained in ._—:.:�
<br /> ' this Security Instrument;or (b) entry of a judgment enforcing this Security Instrument.Those conditions are that N ';:=s,_`_
<br /> ' Borrower: (a) pays Lender all sums which then would be due under this Security Instrument and the Note as if no =-
<br /> acceleration had occurred;(b)cures any default of any other covenants or agreements;(c) pays all expenses incurred in —�-
<br /> enforcing thi4 Security Tnstrument,including,but not limited to,reasonable attorneys'fees;and(d)takes auch action as •�
<br /> I,ender may reasonably require to assure that the lien of this Security Instrument,Lender's rights in the Property and `
<br /> Borrower's obli�ation to oy the sums secured by thisSecurity Inatrumentahall continue unchanged.Upon reinstatement � "
<br /> � by Horrower,this Securi y Instrument and the obligations secured hereby shall remain tully effective as if no acceleration
<br /> � had occurred.However,thia right to reinstateshall 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(topether with this Security �
<br /> Instrument)may be sold one or more times�vithout prior notice to Borrower.A sale may result in a change in the entity
<br /> (known as the"Loan Servicer")that collects monthly payments due under the Note and this Security Instrument.There
<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 /> � Sarvicec, Borrower will be given written notica of the change in accordance with paragraph 14 above and spplicable law,
<br /> The notice will atate the name and address of the ne�v Loan Servicer and the address to which payments should be made. ��°
<br /> . The notice will also contain any other information required by applicable law. �-�=_
<br /> 20. Hazardous Substances. Borrower shall not cause orpe rmit the presence, use, disposal,storage,or release ot ;�_
<br /> any Hazardous Sul�tances on or in the Pro�erty,Borrower shall not do,nor allow anyone else to do,anything affecting -�
<br /> � the Yroperty that is in violation of any Environmental Law.The preceding two sentences shall not apply to the presence, • ���_
<br /> use, or storage on the Property of small quantities of Hazardous Substances that are generally recogni�ed ta be , ,��;:`
<br /> � appropriate to normal residenUal ur3es and to maintenance of the Properry. -- �'-- �;�:
<br /> ;�'w" �:..-..
<br /> � Borrower shall promptly give Lender written notice of any investigat�on.claim,demand,lawsuit or other action by ;}..
<br /> � any governmental or regulatory agency or private party involving the Property and an� Hazardous Substance or ��: :.
<br /> Environmental Law of which Borrower has actual knowledge. If Borrower learns,or�s notif�ed by any governmental or .. ,
<br /> � regulatory authority, that any removal or other remediation of any Haaardous Substance affecting the Propetty is '''� '
<br /> � necessary,Borrower shall promptl�take all necessary remedial actions�n acr,ordance with Environmental Law. -`�e. �
<br /> � As used in this paragraph?A, Hazardous Substances" are those substances defined as toxic or hazardous substances ,+•i
<br /> � by Environmental Law and the following substances:gasoline, kerosene,otherflammable or toxic petroleum products, �.�'•`��
<br /> � toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive �"�* �
<br /> matenals.As used in this paragraph 20,'Environmental Law" means federal laws and laws of the jurisdiction where the �"'�'''.�—
<br /> Property is located that relate to health,sefety or environmental protection. t;�`.�:��
<br /> i. NON-UNIFORM COVENANTS.Borrower and Lender turther covenant and agree as follows: • x-•
<br /> 2l. Acceleratioa; Remedies. Lender shall give notice to Borrawer prior to acceleration following ''���
<br /> ,'a.;
<br /> � Borrower's breach of any covenant or agreement in this Secnrity Instrument (but not prior to accelerstion •���a.�:
<br /> uader paragraph l7 unleas applicable law provides otherwis�).The notice s ha l l speci fy:(s)t he de fau l t;(b)t he `�`�r�=��Y
<br /> ,,..�},-,
<br /> � action reqnired to cure the default; (c) a date, not less thsn 30 days from the date the notice is gtven to •_•�k�:
<br /> , Borrower, by which the default must be cured;and (d)that failure to cure the default on or before the date __
<br /> � specified in the notice may result in ecceleration of the sums secured by this Security Iastrument and snle of . "�
<br /> the Property. The notice shall further inform Borrower oi the right to reinstate aiter acceleration and the `.;���
<br /> right to bring a court action to assert the non-existence of a default or sny other defense of Borrower to
<br /> acccleration and sale. If the default is not cured on or before the date specified in the notice, Lender, at its ' �•�• �
<br /> � option, may require immediate payment in full of all sums securod by this Security Instrument without �;�.�t,{,,�
<br /> ' further demand and may invoke the powcr of sale and any othcr remedies permitted by applicable law. '`. ��"- '"�
<br /> j Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph '�
<br /> ; 21,including,but not limited to,reasonable attorneys'fees and costs of title evidence. •
<br /> ; If the power of sale is invoked.Trustee shall record a notice of default in each county in which any psrt of
<br /> the Property is located and shall m�il copies of such notice in the manner Qrescribed by applicable law to
<br /> Borrower and to the other persons prescribed by applicable law. After the time requircd by applicable law,
<br /> Trustee shall give public nc�tice of sale to the persons and in the manner prescribed by ap�licable law.Trustee,
<br /> without demand on Borrower, shall sell the Property et public auction to the highest b�dder at the time and
<br /> place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee
<br /> determines.Trustee may postpone sale of all or any parcel of the Property by public announcement at the
<br /> ; time and place of any previously scheduled sale. I.ender or its designee may purchase the Property at any
<br /> " sale.
<br /> Form 3028 9/90 �
<br /> �-6R(NEl�ss,z�.o� rw. s or e Initieis: �
<br /> I
<br /> y �! I
<br /> ./�
<br /> � __ _ _ --
<br />
|