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<br /> . , � �� 17.Transfer of the ProperEy or a BeneT�cia1 Interest in Borrower.if all or any part of the Property or any intenest in it r .
<br /> ' : � is sold or transferred(or ii a beneficial interest in Borrower is solu� ��i��d Be 1TOne�l oftall sums s�ured by this c � ,
<br /> ' �-' Lender s prior written consent. Lender may, at its option, req PaY�! ' .•.; :t
<br /> _ _�-�`'"• Security�Tnstr�ment.However,this oprion shall no[be exercised by Lender if exercise ts prohibited by federallaw as of the date - -•' , `,,`t L-' '.'.
<br /> _: ..� ;`� _• _ .
<br /> of this Security Insirument_ .:'��
<br /> , " • • If Lender ezercises this opiion,Lendsr shall give Borrower notice of acceleration.The notice shall provide a periad of not • ���
<br /> rc less thai► 30 days from the date the notice is delivered or mailed witl►in which Borrower must pay a{1 sums secured by t1��s , , `.�,� ',
<br /> '`� Security Inswmem.If Borrower fails to pay these sums prior to the expimtion of this period,Lender may invoke any reme�ies :t` -� .. . .: `'
<br /> • ' � pernritted by this Security Instrument without funher notice or demand on 6orrower. _ ��.,
<br /> � r 18. Borrower's Right to lieinstate. If Borrower meeis certain conditions. Borrower shall have the right ta have
<br /> � ' .� enforcement of this Security Instrument aiiscontinued at any time prior to the eartier of: (a>5 days (or such other period as • .:lr-
<br /> , applicable law may specify for reinstatement) befon sale of the Prope�ty pursuant to any power of sale cantained in this . . �' . Y4�
<br /> . �;`E Security Insuument;or lb)entry of a judgment enforcing th�s Security Instrument.Those conditions are that Bnrrower.(a)pays
<br /> L.ender all sums which then would be due under this Security aasta,me�e��i.es�inCUrreA n�enforcin�l this�Security Instrumen�t� ; ` � • =�� ���
<br /> . .�K cures any detault af any other cavenants or ageements: Ic)P Y P inc . . •`•.v'.:=',�=
<br /> �• `� including, but not limited to.rea+onabte ssttomcys' fee.+:and(d)takes such action as Lender may reasonably require to assure �:��.-
<br /> '„ � tt�at the lien of this Security instrument. Lender's rights in the Property and BormW+er s obligation ta pay the sums secured by ,_ —
<br /> � z t h i s S e c u r i t y I ns t r ument sdall conunue unchanged. Upon reinstatement by 9orrower. this Security Instrument and the _
<br /> � • h obligatiuns secured hereby shaQ remain fully effective as i f no acce lera tio n h a d a c c u r r e d. H o w e v e r,t h i s r i g h t t o reinstate shall —
<br /> _ t� not apply in the ca,e of acceleration under paragraph 17. ;.���
<br />- � • � , 19. Sale of Note: Chattge ot Loan Servicee.'ft►e Note ar a panial interest in the Note(together with this Security .`! = 19
<br /> '� Instrumentl may be sold one or more times without prior notice to Bonower.A sale may result in a change in the entity(knoH+n :-•- yy;
<br /> � � � :"� as the"Loan Sen•ieer")that rolle�.-[s monthly payments due undec the Note and this Security lnstrument.There also may be one . ;• g:�
<br /> or more changes of the Loan Servicer unrelated to a sale of the Note.If there is a change af the Loan Servicer.Borrower will be , f -_ �
<br /> � , � • `� given written notice of the change in accordance with paraSraPh 14 above and applicable law.The notice wili state the name and ,. � .=-
<br /> ' :..;i address of the new Loan Servicer and the address to which payments should be made. The notice will also contain any other - �', i� '
<br /> � ' � � information required by applicable law. "� � � �—$�y"��-
<br />_:; .�; �5—
<br /> � �. � 20. Hazardous Substances. Borrower shalf nat cause or permit the presence. use. disposal, storage.or retease of any , �:"�• .��...�.:._� -
<br /> . :� Hazardo�s Substanses on or in the Property. Borrower shall not do. nor al[ow anyone else to da. anything affecting the :., �.�4
<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 Pcoperty of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal �.,-
<br /> residential uses and to maintenance of the Pro,�rty. ' . � _-~L
<br /> •'+. ' :';_ Borrower shall promptly give Lender wTitten notice of any investigation. claim,demand, lawsuit or other action by any � 't ��_._
<br /> : ;;• govemmental or regulatory agency or pri�•ate party involving the Propeny and any Hazardous Substance vr Environmental Law � ; �.T
<br /> _ ;,>, of which Borrower has actua! knowledge.if Bocrower leams. or is notified by any govemmental or regulatory authority.that
<br /> • any removal or other remediation of any Hazardous Substance affecting the Property is necessary,Borrower shafl promptly take ;_.z,�;'
<br /> � `•%� all necessary remedial actions in accordance with Environmental Law. � • .,•_
<br /> � • �.� As used in this paragraph 20. "Hazardous Substances" are those substances defined as toxic or hazardous substances by .�'�,�
<br /> Environmental Law and the foUowing substances: gasoline, keratiene, other tlammable or toxic petroleum products, taxic ::i�.�_
<br /> � .;•r! pesticides and herbicides.volatile solvents,materials containing asbestos or formaldel�yde.and radioactive materials.As used in .
<br /> � this paragraph 20, "Environmental Law" means federal lawti and laws of the jurisdiction where the Praper[y is located that �:`;���..
<br /> �i �::E� relate to health,safety or environmental protection.
<br /> -' NON-UNIFORM COVENANTS. Burrower and Lender furiher covenant and agrec as follows: ��s
<br /> • � �-� Sl. Acce ierat ion;Rem e di�.I.ender s�all give notice to Borrow�er pr�or to acceteration Popowing$fl���1 7 an�t�ess ' �
<br /> ". of any covenant or agreement in this Security Instrument (but not prtor to acceleration under paragrap . . ' �-��`
<br /> � � � .,:� applicable la�v provtdes otherwi�e). The notice shall speciPy: la)the dei'aalt;(b)the aMion requtred to cure ihe default; _.�'
<br /> .�ti :
<br /> •. � (c)a date.noi tess than 30 days from the date the notice is given to Borrower,by�rhich the default must be cured;and .., ,
<br /> � °' (d)ihat failure to cure the desault on or before ihe date speciThc noticee ha!fu her nform Borrower of ihe right to '�"' �`
<br /> :;,_ ..ur,.:•
<br /> � "'�. secured by this Securit y In�trument and sale of the Property• ,..
<br /> reinstate after acceleration and the right to bring a eourt action to acsert the non�xistence o f a de fault os an y other
<br /> defense of Burro�rer to acceleration and sale. li the defaulA is not cured on or before the date specified in the aot(ce, , . J
<br /> ;� I,ender, at its option, may require immediate payment in full of all sums recured by this Securlty lnstrument withoet ,�:I,;� .. , ,.
<br /> i'urther demnnd and may invoke the pawer of sale and any other remedi�permitted by appltcable law. l.ender shall be r
<br /> • entitled to rnllect all expenses incurred in pur�uin�the remedics provided in ihis paragraph 21,including,but not limited
<br /> �, to.reasonabte attorneys'fee.v and costs of title evidence. . . , • -•• :
<br /> If the power of sale is invoked, Trusiee shall record a noticr of default in each coanty in �shich any part of the .
<br /> .� Property� is lacated and shafl mail copi�of ruch notice In the manner preseribed by applicable law to Borrower nnd to .
<br /> '+�,i ,� the other persons prescribed by applicabte law. Aiter the time reyuired by applicabte Ia�Y,Trustee�hall�ive publtc notice .
<br /> ` , . � of sale to the penons and in the manner prescrihed by applicabte la�v.Trustee.�vithout demand on Borrower,shall sell
<br /> the Pr�perty at public auction to the hi�hest bidder at the tlme s�nd place and under the terms desi�nated in the notice of ,�� �._:
<br /> � vale in��ne ar more parcels ared in any order Trustee detcrmin�w.Trustee may postpone sale of all nr any parcel of the . .
<br /> � Property by public annnunc�ment at the time and pluce oP any previously scheduted sale. [.ender or its designee may .
<br /> . purcha�e the PropeMy at s�ny sale.
<br /> . ' Form 3028 9/90 • , , �
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