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<br /> ` . � 17.TransPer ot the Prope�ty or�CIIC�C�BI�CIQSZ�BUR0IYCP.If all or an�t of the Property or any inter�t io it . ` ,
<br /> ' • ' •` is sold or transferred(oT if a beaeficial interest in Borm�ver is sold or transferred and Borrower is not a natural person)without � ; G�.
<br /> . �° l�nder's prior written consent. I.ender may. at its option, require i m m e diate payment in t L(I o f a l l sums sa:ur e d b y t h i s F �;,
<br /> Security(nstrument.However,this option shall not be exentised by Lender if exercise is prohibited by federal law as of the date � , ` ,
<br />- �< . "• `.�:-- uf this Security Insuument. '� r '
<br /> `;i"�-�-�"T. if Lender exercises this option,Lender shall give Borrower notice of acceleradon.The naace shafl provide a periad of no[ � , L �
<br /> .-��5,-:�-.. less than 30 days from the date the notice is detivered or mailed within which Barrawer mnst pay sl! sems secured by this -- 5 ' _--
<br /> - Security Instrament.If Borrower faiLs to pay these sums prior to the expiration of this pedod,Leader may invoke any remedies � ` , LF .
<br /> � . • . permitted,hy this Security I n strument wi t hout fu r t her notice or d e m a n d on Bo r r o w e r. �� . '
<br /> � . - 18. Bsrrower's Right to Retrutate. If Borrower meets certain conditions. Borrower shall have the nght to ha�e �
<br /> ' � ehforcement of this Security Instrument discontinued at any time prior to the earlier of: (a)5 days(or such nther period as � � . •
<br /> �-�-- ` " appFicable taw may sp�..cify for ieinstatement) before sale of the Property puesuant to any powet of sale cantained in this � „ �•'
<br /> ,'��'' , "� ,. :} Securiry Insuument;or(b)entry of a judgment enforcing this Securery Instrument.Thuse conditioas 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 accurnd: (b) � °""
<br /> �,•.3:.f-:':;
<br /> _ � � ' cures any deiault of any other covenants or agreements; (c) pays all expenses incurned in eaforcing this Security �nsmimertt, ':__
<br />. ` ineluding,but not timited to,reasonable attomeys'fees;and(d)takes such actinn as Lec►der may reasonably require to assure �. . _
<br /> - that the lien of this Securiq•Instrument, Ixnder's rights in the Property and Borrower's obligation to pay the•swns secured by :` ���'."„•-- _
<br /> . `� : ' this Security Inshvuient shall continue uncl�anged. Upon reinstatement by Borrower, this Securiry Instrument and the = �-`
<br /> av '
<br /> " � obligations serured hereby shall remain fuiiy effective as if no acceleration had occurred. However,this rigt�t to reinstate shall . - _
<br /> -• nat apply ia the case of accelerarion under pa�agraph 1'7. � �, '---
<br /> - ' ' 19. Sate of Note; Change of Loaa Servicer. T6e Nate or a partial interesc in the Note (together with this Security , " �� —____
<br />_ . � . � Instrument)may be sotd one or more times without prior notice to Borrower.A sale may result in a change in the enuty(known �`.:.�:.
<br /> as the"t.oan Servicer")that collects monthly paymenu due under the Note and this Security Insuument.There also may be one .:—__
<br /> r - - � • - or more changes of'the Loan Servicer unrelazed to a sale of the Note.If there is a cGange of the Loan Servicer,Borcower will6e -
<br /> � , giver,written notice of the change in accordance with pasagraph 14 above and applicable law.The notice will state the name and , �T�'°
<br /> . address of the new Loan Servicer and the address to which payments shauld be made.The notice will also contain any other , �� .
<br /> ' � information required bY apPlicable law. l".' � '- -
<br /> '�`..i .i;.,:�;-.-
<br /> ' ' • � 20. Hazardoas Substances. Borrower shall not rause or permit the presence, ase, disposal, storage, or release of any „� �,<
<br /> - - Hazardous Substances on or in the Pcoperty. Borrower shail not do, nor allow anyone eise to do, anything affecting the - �.:�;'r'��`,
<br /> y,�_:
<br /> ' Property that is in violation of 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 recognized to be appmpriate tc•norn�al ��:_���?'��.
<br /> ,�,`I�. . residential uses and to maintenance of the Property. ° ' -="
<br /> � � Borrotver shall promptly give Lender written natice of any investigarion, claim,demand,laws¢it or other action by any , '�.�_
<br /> � - - �_ govemmental or regulatory agency or private party involving the Property and any Ha�ardous Substance or Environntental Law %�- �
<br /> � • � of which Borrower has actual knowledge. If Borrower leams, or is notifed by any governmental or regulatory authoriry,that -___ _
<br />`' ' . . " any removal or other remediation of any Hazardous Substance affecting the Property is necesssary.Borrower shall pramptly take .� • ;r�.�_
<br /> � all necessary remedial actions in accordance with Eavironin��af Law. • .��'.
<br /> . � � As used in this paragraph 20. "Hazardous Substances" are those substances defined as toxic or ha7ardous substances by ': � ' ��-;y.=-
<br /> � • � �nvironmental Lan and the following substances: gasoline. kerosene. other flamn�able or toxic petroteum products. taxic -__
<br /> � �� �� � pesticides and herbicides,volatite solvents,materials containing asbestos or fomtaldehyde.and cadiaacnve materials.As used in • � �r�,��
<br /> • this paragraph 20. "Environmental Law" me�ans federal laws and laws of[he jurisdiction where the Property is lacated that , � ���:
<br /> relate tn heatth,safety or environmenta!protection. � "�'="�
<br /> � NON-UNIFORM COVENANTS. Borrawer and Lender further covenant and agree as follows: �
<br /> ' � 21.Acceleration;Remedies.Lender shaA give notice to Borrower prior to acceleratton following Borrower's breach �. ; .����=
<br /> • :��-
<br />. ' „ . �;; of any covenant or agreement in tdis Security In�irument (but not pr�or to acccleratEon under paragraph 17 untess L.�__
<br /> appltcabie!aw provides atherwise).The not�ce shap speclfy: (a)the defaulh,(b)the action re�s�d to cure the default; .�,�
<br /> , s (c)a date,not less than 30 days from the date the notice ls given to Borrawer,by whlcN the default must 6e cured;and ' ---
<br /> ` ; ' � (tn that failme to cuse the default on or before the date specl�fed ln the nottce may result in acceleration of the sums -�`�"' -�._-_.
<br /> . • � ; secared by this Securlty Instr�sent artd sale of the Pro�erty. The notioe shall surther inform Borrowee of t6e rlght to � ,... . - �t
<br /> . �.k reinstate after acceleration aa�the rigf�t to bring a coanr¢actian to t�ssert the non-existeace of a defautt o�any other ,_`.,-`
<br /> • defense of�orrower to acceleration and sa�e. It the defaalt is not cused an or before the date specified in the natice, .
<br /> � � • Lender,at its option, may requlrn lmmediate payment in full of al!s�.�ms secured by this Securnty Instr�unent without , .. ..
<br /> : • i'urther demand and may invoke the power of sale and any other re�ttedtes permitted by appltca44;e taw.I.ender shall be . . . —
<br /> � entitled to coltect all expenses iaecuned in pu�uln�the remedles provlded in this parapraph Zl.inctuding,but not I1mIted _ •
<br />` �s' � � �: to.reasonubte Attorneys'fees�d cost.4 of title evidence. . ' '
<br /> � •, � � : IP the po�ver of sale is i�asoked. Trustee shall record u notice of defanit in es�county in which any part of the � � . �.
<br /> . � � ' � Property is lacated and shali mail copies of such notice�n the manner prescrthed by appllcable law to Borrower and to . .
<br /> •1 the other personc pvescrlbed by appltcabie taw.After the time required by applicab2e taw,Trustee shall give publlc notice a • . �
<br /> ' � � of sale to the persons and in ihe manner prescetbed by appltcable law.Trustee, �vithout demand on Borrower.shall sell . .
<br /> -•'� . the Property at public auction to the highest bidder at the time and place and under the terms deslgnated in the notice of . .
<br /> • � � �a1e In one or more parcels ac�d in any order Trustee determines.Ttvstee may gastpone sale of all or any parcel of the �`�� .,. .
<br />. • Property by publlc announcement at the time and place of any previou�ly sched�led sale. Lender or lts desig,Ree may � �; •
<br /> . ,� . � purchase the Property at any sale. � • "`.• ' "
<br /> Form 3028 9/90 �. ` ... �
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