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<br /> • 17. Tranafer of the Property or a Benefictal Inter�st in Borrower. u alt w any pan of the Proparty or f
<br /> any mterest In It Is sold or transterred (or i(e beneflciai interest in Borrower is sold ur Iransferted and Borrower is not e natural r;
<br /> � person)witliout Lender's prlor written consent, Lender may.at Its option,requlre immedlate peymont In fuY of aN sums secured by ([j s
<br /> ' this Sacurity Instrument. However. this option shall not be exercised by Lender it exercise is proh�bded by federel law as of the Q(� � �
<br /> dato of lhis Security Instrume�t. � - •
<br /> • If lender exerclsas thls option, Lender shall give Borrower notice ol accelaretion- The notfce shaA prowde a period ot not. �
<br /> less then 30 days irom ihe dete the notice is delivered or malled within whlch Borrower must pay all sums secured by ihla�,
<br /> 5ecurity Instrument. If Borrower lafls to pay these sums prior to the expiretion ol this period. Lender may invoke any remedles',��. ; _
<br /> ' permitted by this Security Instrumer�t without turther notice or demand on Borrower. �
<br /> 18. Borrower's Right to Relnstate. If eorc�wer meets certein conditlons. Bonower shall have tha rlght to have� _
<br /> entorcemont ol thls Secudry Instrument disconimued at any Ume prior Io the eai6er ol: (a) 5 days (or such other pedod ns�
<br /> appllcable iaw may speclly for relnstatement)before sale of the Property pursuant to any power of sale contehed In this Security�
<br /> Inslrument: or(b) eniry of a Judgment enforcing this Security Instrument.Those conditlons are thet Borrower: (a) pays Lender all _
<br /> sums which then would be due under this Security Instrument and the Note as if no ecceleradon had occurred: (b) cure3 any
<br /> default of any other covenant or agreements; (c) pays all expenses incurred in enforcing thls Security Instrument, Including, but =
<br /> not Ilmlted to,reasonable attorneys'faes; and (d) takes such actlon as Lender may reasonaMy require to assure that the Ilen of �� ;k
<br /> this Security ��strument, Lender's dghts In the Property and Bortower's obWgatlon to pay ihe sums secured by this Securlty ::-.
<br /> Instrument shaw contlnue unchanged. Upon relnstetement by Bortower, thls Security Inswment and the obligatlons secured .�.��..e
<br /> hereby shall rema��luily ettective as If no acceleratlon had occurted. However, this rlght to relnstete shall not apply in the case
<br /> • ot acceleration under �aragraph 17. -'
<br /> 19. Sale of Note; Change of Loan Servicer. Tne Note or a a pantei �nterest h the Note (together with this '
<br /> Security Instrument) may ba sold one or more times without pdor notice to Borrower.A sale may resufl In a change In the entity .y :.
<br /> � (known es the'Loan Servlcer°) that collects monthiy payments due under the Note and thia SecurNy instrument. There also may -
<br /> be one or mwe chenges of the Loan Servicer unrelated to a sale of the Note. if there Is a change oi the Loan Servlcer.
<br /> �l Borrower will be given written notice of the change In accordence with paragraph 14 sbove end appticabie law. 7he notice will
<br /> state the name and address of the new Loan Servicer and tho address to which payments shouid be made. The notice wlll also
<br /> contaln any other Informetlon required by appllcable lew.
<br /> 20. Hazardous Substanees. Bortower shali not causo or permit the presence, us6, dlsposal, storage, or release of
<br /> any Hezardous Substances on or In the Property. Bortower sheli not do, nor ellow anyone else to do, enything attecting the
<br /> � Property that Is in vfolatlon of any Environmental Law. The precedfng two sentences shall not epply to the presence, use. or
<br /> , storage on the Property of smell quentities of Hazardous Substances that are generaAy recognized to be approprlate to nortnal __
<br /> residential uses and to malntenance of the Properly.
<br /> Borrower shatl promptly give Lender written notice of any invesligation, clalm, demand, lawsuit or other actlon by any .��
<br /> governmental or regulatory agency or private perty involving tho Property and any Hezardoua Substance or Environmental Lew of •
<br /> which Borrower hes actual knowledge. If Borrower leams, or is notified by any govemmenlal a regulatory authority, that any ��
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<br /> removal or other remedlation of any Hazardous Substence affecting Property is necessary, Bortower shall promptiy take all .�
<br /> necessery remedial actlons In ar,r,ordance with Environmental Lew. • ' .
<br /> As used in thla paragraph 20, 'Hezardous Substnnces" are those substencec defined as toxk or hezardous substances by `> •�'
<br /> Environmental Law and the foliowing substances: gasoline, kerosene, other flammable or toxic petroleum producta, toxlc I: � �.
<br /> pesticides and herbicides, volattle soNents,materials contalning asbestos or formaldehyde, and radloaciNe materlals. As used In t;
<br /> paragraph 20, "Envlronmentel Law' �neans federal laws and lews oi the jurisdictlon where the Property Is bcated that relate to ,',�,:'^'
<br /> health,safety or environmentai protectlon.
<br /> NON-UNIFORM COVENANTS. 9onower and Lender turther covenent and agree as follows:
<br /> ' 21. Acceleratton; Remediea. Lender shali gtve notice to Borrower prior to acceleration ����`•,�� '
<br /> following Borrower's breach of any covenant or agrdement In this Security Instrumen4 (but not ;k.�.....,l.�
<br /> prfor to acceleration under paragraph 17 unless appltcable law provfdes otherwise). The notice •�+. � �__
<br /> shatl spec(fy: (a) the defautt; (b) the action required to cure the default: (c) a c.ate, not less then •�'. °•
<br /> 30 days from the date the notiae is glven to Borrower, by whtch the default muat be cured; and `�'����
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<br /> (d) thet failure to cure the default on or before the date sp9clfled in the nottce may reault tn r,a,,.;,,rt�
<br /> acceleretion of the sums secured by thia Security Instrument and sale of the Property. The nottce . � �
<br /> ' shail further Inform Borrower of the right to reinstate after acceleration and the right to brtng a y�`'�'-`-`'-`�°
<br /> court action to assert the non-existence of e default or any other defense of Borrower to ' �=
<br /> acceleration and sale. If the default is not cured on or before the date specifled in the notice. � �
<br /> Lender at its optlon may require immediate payment in full of all sums aecured by this Security
<br /> w r of sate and a� other remedies ('ti':�''�
<br /> Instrument without further demand and may invoke the po e y -�.,�s
<br /> permitted by applicable law. Lender shall be entitled to collect all expenees Incurred tn pursutng " �' ,� ,��
<br /> the remedles provided In this paragraph 21. tncluding, but not limited to, reasonable attorneys' j _.
<br /> fees and costs of title evidence. �
<br /> If the power of sale is Invoked, Trustee shall record a notice of defauit in each county in i
<br /> which any part of the Property is lacated and ahall mail copies ot such notice in the manner
<br /> prescribed by applicnble law to Borrower and to the other persons prescribed by applicable law.
<br /> After the tfine required by applicable law, Trustee shalt give publtc notice of sale to the persons
<br /> I and in the manner prescribed by appltcable law. Trustee, without demand on Borrower, shalt sell
<br /> the Properly at publtc auction to the hiqhest bidder at the time and placw and under the terms
<br /> 1 desfgnated in the notice of sale in one or more parcels and in any orcler Truetee determtnes. i
<br /> Trustee may postpone sale of all or any parcel of the Property by pubitc announcement at the
<br /> ' time and place of any prevtously scheduled sale. Lender or its designea may purchase the
<br /> Property at any sale.
<br /> I Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's ;
<br /> j deed conveying the Property. The recitats in the Trustee's deed shall be prima facie evidence of �
<br /> • the truth of the statements made therein. Trustoe snaii appiy ine proce@ds vi ine saie in ine f
<br /> following order: (a) to all costs and expenses nf exercising the power af sale, and the sale, �.
<br /> inaluding the payrnent of the 7rustee's fees actually incurred, not to exceed three �
<br /> 9'0 of the principal amount of the
<br /> note at the time of the declaration of default, and reasonabte aYtorney's fees as permitted by law; k
<br /> (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons
<br /> legally entitled to it.
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