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<br /> 16.Borro�ver s Copy.Borrower shall be given one conformed wpy of the Note and f� S�r�sty I 5 ment. I� � ♦` � •�
<br /> . 17. Trans[er o4 the Property or a Beneficial Iatenest ia Horrower. If all or any pari of the Property or any i � �
<br /> , interest in it is sold or transferre8(or if a beneficia)interest in Borrower is sold or transierred and Borrower is not a � ' • � , . ' '
<br /> natural person) withovt Lender's prior written consent,Lender map,at its option.reqvire immediate payment in fuli of ' - .
<br />__ • ' . all sums secured by this Security Instrument.However, this option shall not be esercised by Lender if esercise is �. ,
<br /> _ , prohibited by federal law as of the date of this Security Instrument. ' , , , , _
<br /> - - if Lender exentises this option.Lender shall give Borrower notice of acceleraaon.The nosice shall provide a period _ ' _
<br /> � � of not less than 30 days from the date the notice is delivered or mailed within whicb Borrower must pay all sums secured � °� . •
<br /> , � by this Security Instrument.If Horrower fails to pay these sums pri�r to the eap�ration of this period,Lender may invoke .. "�
<br /> � � any remedies permitted by this Security Instrument without further notice or demand on Bonower. . : : .
<br /> , � 18.Borrawer's RigLt to Iteinstate.If Bonower meets ce�tain conditions,Borrower shall have the right to have ' _ � - � .
<br /> ` - enfarcemeat of this Secur�ty Instrument discontinued at any time prior to the earlier of:(a)5 days(or such other period . - .
<br /> as applicable law may specify for reinstatement)bxfore sale of the Property�ursuant to anypo wer of sale contained in . �"'��
<br /> ; this Securi Instromeat;or (b) entry of a judgment enforcing this Sei-�nty Inatrument.Those conditions are that --
<br /> � � Borrower:�a) pays L.ender�11 sums which then would be due undet this Securitg Insmiment and the Note as if no , � . L�. ���, ;--
<br /> , a acceteratian had acclmed;(b)cures an y default of an y other covenants or a g r e e ments:(c)p aps all espenses incutred in ' . r�'�°"`�_�'`
<br /> _ � enforcing this Securitq Instrument,including,but not limited to,reasonable attorneys fee�and(d)takes suc h action as ;,_�
<br /> , Lender may reasonably requise to assure that the lien of this Sec�mty Instrument,Lender's rights in the Property and . . —T
<br /> •'.; $orrower's obligation to pay thesums s�cured by thiaSecurity Inatrumentshatl continue unchanged Upon reiastatemeat _ . � , _
<br /> � � by Horrower,thisSecurity Instsumentand the obligations secured hereby shalt remain fully effective as if no acceleration `` �% —
<br /> had occurred.However,t h is right to�seeinstate shall not apply in the case of acceleratioa under pdragraph 17. —•
<br /> , 19.Sale of Note;Chauge of I.oan Servicer.The Note ar a partial interest in the Note(together with this Secvritp , i•__
<br /> , ' • � Ins-trument)may be sold one or more times without prior notice to Hotrower.A sale may result in a change in the entity . ,�
<br /> . (known as the"Loan Servicer")that collecGs monEhly payments due under the Note and this Se�urit3;Tnstrumen�Thete
<br /> - - also may be one or atiore changes of the Loan Servicer unrelated to a sale of the Note.If there is a change of the Loan -- : - -��
<br /> Servicet,Borrowet will be ven written notice of the chan e in accordance with ara ph I4 above and a licabte law. - ``! _ '
<br /> _.� & 8 P � , PP� ' �. ` �°��<T
<br /> - , #• The notice will state the name and address of tha new I,oan Servicer and the addres�to wtuch payments should be made. ,. .� r-. ..;;�,-
<br /> . . . The notice will also contain any other information required by applicable law. , i.:' :`�`�
<br /> : � 20.Hazardous Substances. Bonower shall not cause orperm it the pre.sence,use,disposal,storage.or release of ._.. `.•`����=
<br /> : �. any Hazardous Substances on or in tQe Property.Borrower shall not do,nor allow anyone else to do,anyEhing affecting � -� ,�.�;`
<br />_ . , the Property 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 reaogniz�d to be . . • ''��=-_��
<br /> � appro�ps�ate to notmal resident�al uses and to maintenance of the Property.. °.� ?�
<br /> • Borrower shall promptly give Leieder written notice o4any investigation,claim,demaad,Iawsuit or other action.by � �t:��--.�.-
<br /> � � ' any governmental or regulatory agency or private party involving the Property and any Hazardous SuUstance or ' '. �:��•_;
<br /> Environmental Law ai which Borrower has act�al knowledge.If Borrower learns,or is notified by any governmental or •� �: �;;,
<br /> , regulawry suthority. that any removal or other remediatio�of any Hazardous Substance affecting the Pcopetty is `_�;r�Y.
<br /> . :..��;
<br /> '•" necessary,Botrowec sliall pramptI�take all necessary remedial actions in accordance wiih Bnvironmental Law. ���.;:;,,:,
<br /> '' As;�sed in this paragraph Z0,"Wazardous Substances"are those substances detined as tosic or hazardous substances � . � •��
<br /> •.':i��;
<br /> • � by Bnvironmeatal Law and the foliowing substanc�gasoline,kerosene.ather flammable ar tosic petroleum products, . _. ._•,,—z�_
<br /> tox�c Pesticides and herbicides, volatile solven�ts. matenals containing asbestos or formaldehqde, and radioactive � : '.' �;,',��
<br /> � matenals.As used in this paragraph?A."Environmental Law" means tederal laws and laws of the jurisdiction where the ' . . . . "'n"
<br /> _ • Property is lacated that telate to health,safety or environmental protection. '``���
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<br /> NON-LJIVIPORM COVENAAI'TS.Barcower and Lerider further covenant and agree as follow�
<br /> ' 21. Acceleretion; Remedies. Lender shall give notice to Honower prior to acceleration foltnwing �� ,.���s�
<br /> � . Horrower's breach of any covenant or agreement in tLis Security Instrumens (but no4 prior 4o acceleration . : ;t�*
<br /> '`� . under paragrapL l'a uniess appl�cable taw provides otherwise).The notice shall specify: (a)tfie default;(b)the �'°
<br /> _ . action requ�red.ta core the default; (c) a date.not less thaa 30 dsys;rom the date tLe notice is givea to . _� "�";
<br /> Borrower.by w6ic�the default must be cured;aad(d)tbat tailure to cute the deiault on os before the date ' --
<br /> ' specified in the ao4ice may result in acccleration of the sums sccured by tbis Security Instrumeat and sale of � . ' •
<br /> ' " . � the Property. The notice shall further inform Borro�er of t6e rigl�t to reiflstate after accelerat�oa and the . : ' •- -
<br /> ' right to bring a court action to assert the non�xistence of a default or anY other defease of Horrower to
<br /> ;�� •� acccleration and sate.It tha defavlt is aot cured on or before the date specified in the notficc. Lender.at its .
<br /> �� option, may reyuire immediate payment ia lull of all snms secured by this Secarity Ias4sument without •
<br /> �� , � further demand and may invoke the power of sale and aay other remedies permitted by applica6le law. � . .
<br /> `' • Lender sball be entitled to collect aU eapenses incurred in pursuing the remediPS provided in thia paragraph ' _
<br /> i 21.including.but not limited to,reasonabte attorneys'fees aad costs of tisle evidence. . . . �
<br /> � ` lf the power of aele is invoked.Trustee ahall record a notice of default in eacL covaty in which anq part of ' �
<br /> � the Property is located and shalt mail copies of such notice ia the maaner prescribed by applicabte law to •
<br /> ��.�•� � Borrower and to tIlsx other persons prescriln:d by applicable law.hfter the time required by applicable taw. .
<br /> Trustee shaU give public notice of sate to the Qersoas and ia the manner prescribed by applicable lasv.Trustee, ,
<br /> . without demand on Horrower.shall sell the Property at public auctioa to the highest bidder at the time and '
<br /> . ptace and under the terms designated in the notice of sate in one or more parcets aud in any order Trustee �
<br /> _ . determines.Trustee may postpone sate of all or any pascel of the Property by publiC announcemeat at the
<br /> � time and place of any previously scheduled sale. Lender or its designee mey purchase the Praperty at any �
<br /> { sate. • . '
<br /> � FoTm 30Y 9/90
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