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<br /> - � . � � 17.7'ransfer ot the Praperty or a Beneticial Interest In Borro«er.If all or any pan of the Propeny ar any interest in it ." ,
<br /> � is sold or tr.u�sferred(or if a benefici a t interest in Borrowe�is so l d o r t r a n s f e r r e d a n d B o r r u w e r i s n o t a n aturat p erson)without ; y _°
<br /> ,�L, ,' � � • Lender's priar writtes� consent. Lender may. at it,optian. require immediate payment in full of a!I sunu secured by this ; • .•�� .�
<br /> . Secarity Instrument.Huwever.this opuon shall not be exemised by Lender if exercise is prohibited by fe�eral law as of the date � . � ,• . , �-.
<br /> � � ' of this Security Instrument. "F • �t "'
<br /> If I.eader ezercises this option, L,ender shall give Horrower notice uf acceleration.The notice shall provide a periud of not
<br /> . � �""Y less than 3U days from [he date the notice is delivered or mailed within which Borrower must pa} all sums secured by this ` ,
<br /> } -- -- —= Secarity lnstrurnent.If Borrower fails to pay these sums prior to the expiration of this period,Lertder may invoke any remedies .�__ .
<br /> � permitted by this Security Inswment w ithout funher re.stice or derteand on Borrower. •� ��- �:
<br /> '' � 18. Borrower's Right to Retnstate. If Bor[ower meets certain conditions, Borrower shall have the right to have
<br /> enforcement of thts Security [nsteument discontinued at any time prior to the eartier of: (a)5 day� (or such ather periad as , .,_,��.
<br /> ` ,. applicable law may specify for reinstatement> before sale of the Property pursuant to any power of sale rnntained in this ,
<br /> �t Security Instrument:or(b>entry of a judgment enforcing this Security Instrument.Those conditions are that Borrower:(a)pays - , ,� `�* �-
<br /> c:• - ° Lender all sums which then would be due under this Secudty lnstrument and the Note as if no acceleration had occurred: (b)
<br /> �_, . cures any default of any other covenants or agreemenu: (c> pays all expenses incurred in enforcing this Securiry Instrument. , � ,�s':.
<br /> • � " including, but not limited to,reasonable attomeys' fees: and (d)takes sach acnon as Lender may reasonably requ�re ta assure
<br /> � .; that the lien of this Serurity Instrument. Lender's righis in the Property and Borrower's obligation to pay the sums secured by r-r- :_
<br /> <.,`; this Security Instcument shal! continue unchanged. Upon reinstatement by Borrower, this Seeuriry Instrument anct the 'r �. ::�.�_
<br /> ;� � , :�y obligations Secured hereby shall remain fuUy effective as if no acceleration had accurred.However,this right to reinstate shall _ , -
<br /> aot apply in the case of acceleraeion under paragraph 17. ' �
<br />-':�� � � � 19. Sale of Note; Change oY Loan Servtcer.The Note or a partial interest in the Note (together with this Security � '.t --
<br /> �='' � ; � �:3 Insuument)may be sold ane or more umes without prior notice to Borrower. A sale m�y result in a change in the entity(known ;`F_�;�_
<br /> � • " as the"l.oan Servicer"i that collects monthty paymencs due under the Note and this 5ecurity Instrument.There also may be one ` i�^`.: , •.�. `
<br /> or rtiore changes of the Lnan Servicer unrelated to a sale of the Note. If there is a change of the l.oan Servicer.Barrower wiU b,e ; �,,�
<br /> ' " "_ . _ given written notice of the change in accordance with paragraph 14 above and applicable law.The nouce will state the name and ._�_, _ _I-�
<br /> � � address of the new I.oan Servicer and the addres+to which payments should be made.The notice�vill atso contain arry other ,. ;�„�-
<br />- ° ' •f•.; infomtation required by applicable law. • �.,��:
<br /> ``� ` ' � Z0. Hazardous Substances. Borrower shall not cause or permit the presence, use. dispusal,storage, or release of any
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<br /> � . Hazardoas Substances on or in the Property. Borrower shall not do. nor allow anyone else to do, anything affecting the t.j:•A.x r�
<br /> ,-=-° property that is in violation o{'any Environmental Law. The preceding two sentences shall not apply to the presence, use,or ' � ,°.�:
<br />�:���� � storage on the Property of small quantities of Hazardous Substances that are generally recagnized to be appropria[e ta norma] `•����
<br /> ��= : , residential uses and to maintenance of the Propeny. �� '�''�':�=
<br /> _ •i. 'z..
<br /> . . Borrower shall promptiy give l.ender written nutice of any investigation.claim,demand, law5uit or other action by any ,:�:�:�:
<br /> ` governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Eavironmental Law • + �
<br /> : `; ' � of which Borrower hati actual knawledge. If Borrower leams,or is notified by any govemmental or regutatory a�:'.?ority, that �f —_._
<br /> , •� . ' any removal or�ther remediation of any Hazardous Substance affecting the Property is necessary. Horrower shall promptly take ;:_�,
<br /> `:� • ' aU necessary remedial actions in accordance with Environmental Law. • �
<br /> � ° As used in this paragmph 20. "Hazardous Sub�tances" are thcxe substances defined as toxic ur hazardous substances by .. ''�
<br /> .^ -.N__,._,
<br /> _:�;; •'_,� Enviranmental Laa and the following substances: ga.+oline, kerosene, other tlammable or toxic petroleum praducts. toxic , . :�.-�
<br /> �;': pesticide�and herbicides,volatile solvents.materials eontaining a+bestos ar farmaldehyde,and radioactive materials.As used in -_�`
<br /> ::.,�; • this paragraph 20. "Environmental Law" means federal lawti and lawc of the jurisdicnon where the Property is located that • '.::.�^:
<br /> relate to health,safety or environmental protection. ° �"
<br /> ' NON-UMFORM COVGNANTS.Borrower And Lender further covenant and agree as follows: , ` c-`�� "
<br /> � 21. Acceteiation;Remedies.l.ender shall gi�e notice to Bono�ver pr�or to acceleration falloning Borrower's breaeh '.�,. '
<br />� ` • oY any covenant ar agreement in thts Security Instrument (bat not pnar to acceleration �under para�ph 17 un less • ;.�;,�:;
<br /> -,�.•, � applicabte law pruvtd�other�visQ). The notice shall specify: !�)the default; (b)the actton requleed to cure the default; : �.:`,�'-
<br /> ' �, (c)a date,not less than 30 days from the date the notice is given to Borrower, by whlch the default musi be cured;and _ _
<br /> ;.���. : • � � (d)that failure to cure the default on os before the date speci�ied in the uotice may result in acceleratfan of the sums ��.�� . ____
<br /> �= � � secured by this S�carity.lastsument and sale of the Property. The nottce shaU further inform Borro�ver af the right to :. ��'
<br /> reinstate aPter accelerarion and the rlght to brin� a wurt acEton to assert the nan•exisierece of a default or any other ' +... . . �,
<br /> � defe�se of Borro«er to acceteration and sale. If the defauU is not cured an or before the date specii�ed In the notice, � . .•°-��
<br /> '.�,' Lentter, at its option. may require immediate payment tn full of atl sums secured by lhis Security Instrument without , -
<br /> � ;•, � � furiher demand and may invoke the power of tiale and any othcr remed}es permitted by appllcable la�v.Lender sha116e . -
<br /> �, ,;� • � entitled to colled all expens�incurred in pursuinR the rernedi�provided in this paru�raph Zl.including,but not limited • .
<br /> ' � to.reasanable attorneys'fc�es and cosis of Ntle evidence. •
<br /> ' , i IP the po«�er of sate is invoked. Trustee shall rerord a noUce of default in each county in �vhich any part �f the
<br /> _ , ! Piroperty is located and shall mail copies of such notice in the mam�er prescribed by applicable taw to Borrower and to
<br /> . ` �. � the other persons prescrlbed by applicable la�v. Ai'ter the time required by applicable law.Trustee shali give pubfic notice f.: �:
<br /> of sale to the per�ons and in the manner presc�ibed by applicabte law.Trustee, without demand on Borroa•er,shall sell
<br /> ' �ti:, � . � ; the Property at public auctton to the hi�hest bidder at the time and pface and under the terms dcsfgnated in the notice of ,
<br /> � sale ln one or more parcels und in any order Tru�tee determines.Trustee may postpone sale of all or any parcel of Ihe , ..
<br /> . � ' � Property by public announcement at the time and place ot any prevtously scheduled sale. l.ender or its designee may �
<br /> '. , purchase the Property at any sale. '
<br /> ' � Fcrm 3028 9/90 �
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