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<br /> 17.Trans4er of t1►e Pruperty or a Beneftcla!Inierest In Borm«er.If all or any part af the Property or any interest in it k, •.
<br /> ' i�sotd ar trAnsferred lor if a beneficial interest in 8orrower is sold or trsnsferred and Borrower is not a n:ttural penonl without �r;'
<br /> � � ' � � Lender's prior written consent. lznder may. at iu option, require immixfiatc payment in full of alt sums aecured by this � ;
<br /> - . • ' Security lnstrument. However.this uption shall nat be exercised by Lencier if eacrcise�s prohibited by fe�ieral law a+of the date :�. �
<br /> ` �_ of this Security Instrument. • �
<br /> '-t y�: If Lender exercises this option.L.ender shall give Borrower notice of acceleratian.'I1�e notice shall provide a period uf not 4,�: • � ,.
<br /> =-=� les.+ than 30 days from the date the nouce is delivered or mailed within which Borrower must pay all sums ucured by this _ _
<br /> '. � Security Instrument. If Barrower fails to pay these sums prior to the eapiration of this period. L.a.�nder may invalce atry temed�es � _ „
<br /> - _. � �_� permitted by this Security Iastrument without further notice or demand on Borrower. ,
<br /> • lg, Barrower's Rig6t to Reiwtate. If BoTrower meets certain Conditions. Borrower shall have the right to have <�: :�
<br /> � eaforcement of this Security Insuwneat d'iscontinaed at any time priar to th u�i��o-an> 5 wersof sale eonta�ned in this �•"�:' ' '�'
<br /> applicable law may specify for reicLStateinent) before sale of the Property p Y P� � `�� "�f-`'r�"
<br /> ; . :.�. �
<br />- � . Security Instruruent;or(b)entry of a judgment enforcing shis Sewrity Instrument.Those rnnditions are that Borrower.(a)pays ,�yJfY
<br /> Lender all sums which th�n woWd be due under this Security[nswment and the Note as if no acceteration had occurmd: (b)
<br /> . • s all ex inwrred in enfarcing this Security Inswment, �•,-. � �_�"=='�.
<br /> cures any defauit of any other covenanu or agreements:(c)pay penses, , , • „ __.
<br /> � � including, but aot[imited to.r�asonable atiomeys'fees:and(d)rakes such acnon as I.ender may reasonably reqmre to assure ,•�,,,,:,,:.;i.;
<br /> ` ' " that the lien of this Security Instrument.Lender's�ghts in the Property and Bomower's obligatian to pay the sums secured by . ___
<br /> , `` ` , this Security Instrument shall continue uachanged. Upon reinstatement hy Borrower, this Security Instrument and the , - _ ,
<br /> :�::• . � . , obligations secared hereby shall remain fWly effective as�f no acceleraiion had accuned. However, this right to reinstate shall
<br />,, ' not apply in the case of acceleration under paragraph 17. ` <'� ` •
<br /> r _ ' - � 19. Sate of Not� Change of Loan Servfcer. The Note or a panial interest in the Note (together witfe this Security �
<br />' � � Instrument)may be sold one or more times without prior notice to Borrc�wer. A sale may resuit in a change ia the entity(known
<br /> `��• as the"Loan Servicer")that collerts monthly payments due under the Note and this Security Instrucnent.There also muy be one :;, l`'��_—
<br />- ��� `�''�� or more changes of the Loan 5ervicer unreiated to a sa3e of the Note.If there is a change of the I.oan Servicer. Borrower will be _.� , .,,__
<br /> . : „,� .
<br /> � ' given written nodce of the change in accordance with paragraph 14 above and applicable iaw.The notice will state the name and ;� , „ .�;�:••
<br /> _ . ,: :' address of the new Loan Servicer and the address to wh�ch paymenu should be made. The notice will also contain any other ;. �,___.
<br /> � ' information required by applicable law. f =•---:=,c
<br /> 20. Hazardous Sabstances.Horrower shall not cause or pernut the presence, use,disposal, scorage, or release of any ,.:, f" �1.M_m
<br /> ;,::�2.::•3�-�-
<br />-' -•�- � Hazardous Substances on or in the Property. Borcower shall not do, nor aUow anyone else to do. anything affecting the -"=�`-f;;.,, ��1,_
<br /> , _a.
<br /> �� �. Property that is in violatian of any Environmental Law. The preceding two sentences shalt not apply to the presence,ase.or ;..� . ,
<br /> ; �;��,
<br /> � • storage an the Property of smaU quantities of Hazardous 5ubstances that are gerterally recognized to be appropriate to normal ;:�.:•. ..�,-�L_
<br /> . . residential uses and to maintenance of the Praperty. :".,���`�
<br /> '�F,.,:;��.'i:.--=..
<br /> � Borrower shall prompdy give Lender written notice of any investigation,claim. demand,lawsoit or other action by any ,,;::;;,,;�?�r_=
<br /> ,��Yi.:��.�aL
<br /> ' governmental or regulatory agency or private party involving the Properry and any Haz.ardous SuEstance or Environmental Law t��,�.:,�r,� _. _•
<br /> . . �,'� of which Bonower has actual knowtedge. If Borrower learns,or is notified by any governmental or regulatory authoriry,that .1:'•�.;•��
<br /> . _ . q any removal or other remediatiun of any Hazardous Substance affecting the Properry is necessary.Borrower shall promptly take ;`:,� x
<br /> aU necessary remedial actions in accordance with Environmental Law. �-.�`'�
<br /> � •� � As used in this paragraph ?0. "Hazardous Substances" are those substances defined as toaic or ha7ardous substances by �` "'
<br />�•` '� � � ` � Environmental Law and the following substancea: ga�oline, kerosene, athcr flammable �r toaic petroleum products, toxic _ �-�,-
<br />• � � =�_; pesticides and herbicides,volatile solvents,materials cantaining asbestos or formatdehyde.and radioactive materials.As used in =1_ '�: �:'•��:�.�
<br /> . '> this paragraph 20. "finvironmental Law" means federal law,and laws af thc jurisdiction whcrc the Property is loqted that �f::` �� �.,w
<br /> ' • � � relate to health,safety or environmental protection. ,V F�--
<br /> . j:7G�=�-.:�.
<br /> ,;; . . ;•� NON-UNIFORM COVENANTS.Borrower and Lender further covenant and agree ac foliows: � �;;�-
<br /> Zl. Acceleratlon;Remedies.I.ender shstll give notice to Borrower prior to acceleration follo�ving Borrower's breach � ' • �?���_
<br /> - .�•.- of any covenan! or agreement in this Security lnstrumeat (but nat prtor to acceleratton under paragraph 17 anless . ---
<br /> • � �= appltcable!aw provides other�rise).The nolice shall specify: (a)the default; (b)the adlon reyulreQ to wre the default; . .��
<br /> � � (c)a date,not less than 30 dayy from the date the notice is given to Borrower.by which the default must be cured;and �,;
<br /> ' � (d)that Paiture to cure the detault on or before the date specifled in the nottce may result in acceleratton of the svms
<br /> , �• �.,'; secured by thls Secuslty Instrument aad sa9�of the Property.The no3ire shall further inform Borro�ver af the rtght to �. • ' `�-_:
<br /> ,.� r e i n c t a l e n f i e r acceieration and the rl�ht to brin� a couM action to assert the non-existence ot u default or any oiher ' .
<br /> •, �i defense oP Borrower to acceleration s►nd sale.If the default is not cur e d on or b e Pore t h e d a t e s p e c i i i e d i n t h e n o t i c e, �
<br />� � Lender. at its option, may re�nre imrm e d ia te paymen t i n i a l l o f a l l s a m s s e c u r e d b y t h i.v S e c u r�t y I n s t r u m e n t w i t haut
<br /> � ' i'urther demaad and may invoke the power of sale and any other remedies permitted by applicable law.Lendes shaU be �
<br /> . � � entiticd to collect�xU expens�incurred in pu�suin�the remedl�s provider3 in this paragrap h 2 1.incWdln�,but not tlmited . .
<br /> • to.reasonable attmrneys'te�and wsts af title evidence. •
<br /> • IY/he po�rer of!;ale Is invoked, Trustee shall record a notice of default in each county in whlch any part of the . ,. ,•�i.
<br /> Property is located and shall mail copie.w�f such notice in the manner psescribed by applicable Iaw to Bor�sower and to . .
<br /> the oiher persons pr�scribed by appilcable law.After the time required by applicabte law,Trustee shall g,ive public nottce �
<br /> � ! :�. � oY sate to the persons and in the manner prescrlbed by a�plicable law.Trastee. without demand on Borrotiver,shall sell ' ,
<br /> ' the Property at Fsbltc auction to the hi�hes3 bidder at the time and place and under the tcrms des9F,nated in!he notice of
<br /> � sale in one ur mure parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the
<br /> ,� ; Property by public announcement ut the time and pface of any previously scheduled sale. lknder or its designee may .
<br /> . . purchase thc Praperly at any sale. . . �
<br /> ,
<br /> � i. , � .
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<br /> Form 3028 9/90 •
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