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<br /> � .16.Barfocver s Copq.Borro�ver shali be gi��en one confosmeci wpy of the Note and of thisSecurity Instrument. � ' " '�
<br /> ' � �`� . !7.T r a n s f er of 4he Pro perty or a Beneficial Interest in Boreo�ser. ti all or any part of the Property or any •'.
<br /> � ' � interest in it is sold or ua�sPerred tor if a bene�cial interest in Barron+er is so l d or t r a n s t e r re d a n d B o r ro s v e r i s n a t a � ,
<br /> � � • ` ` natural person)without Lender s prior written vonsen�I.ender may.et its option.require immediate payment in fu1!of� ; ;
<br /> . _ - . all sums secured by this Security Instrument. F{owever. this optioa shall not be eaerci�d by Lender if exercise is � i .
<br /> � . prohibited by federal law as of the date of this Security Instrumen�
<br /> ° If Lender egercis�.s this option.Lender shall give Borcoaer noticeo4 acceleratian.The notice shall provide a perio� _ ,.� ` . ��.
<br /> -'`��I• o f n o t l e s s t h a n 3 d da ys from the date the notice is deliveted at mailed svithin which BosroNet mu�t pay all sums secu r e c� - � _ - -. -=�,,_:�,.
<br /> •��- - .-:— 'bd.Lender ma - �—
<br /> � b y this Security instnimen�If Boraower�ails to pay these soms psior to the e s p iration o f t i us pen y i n v a k l�° --�=;—�--::
<br /> any remediespermittedby thisSecurity Instnunentnrithoutfurthernoticeor demandon Bottower. � ,-f°
<br /> 18.Horrower's Bight to Iteinst�te.If$orrower meets certain rnt�ditions.Borrower shal!have the right to have� . . �•' '
<br /> enforcement of this Secunty Instrument discontinued at any time prior to the earlisr of:(a)S days(or such other perio� ` x �.. � ..-,
<br /> asapplicable law may specify for reinstatement)before sale of the Property putsuaztt to auy power af sale contayned�n ;°� �-. -
<br /> ' . this Security Instrument;or (b) entry of a judgment eniorcing this ecunty Insttument Those conditions are that < . . ` ';. '
<br /> Borrower: (a)paya Lender all sums whicb then would i�e due uader this Security Insttument and the Note as if no ��., '.•. .�. :: .�
<br /> acceteration bad occurred;(b)cwes any default of any other covenants or agreements:(c}pays all espenses incuned in `� °-`'^:"�'
<br /> enforcing this Security Instrument,including.but not limited to.reasonable attomeys fees;and(d)takes such action as 'r�
<br /> " ��' Ixnder may reasonably tequire to assure that the lien of this Security Instrument,Lender's righta in the Property and . , `��._� ,..
<br /> • . Borro�vec's obli�ation to pay the sums secured by this SecuritY Instrun►entshall continue unchanged Upon reinstatement ,: .,,.,�T
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<br /> ' by Borrower,tlus Security Instrumentand ihe obligationssecured hereby shall remain fully effective as if no acceleration • --
<br /> � � had occurred.However,ttus right to reinstate shall not apply in the case of acceleration under garagraph 1'I. __
<br /> � 19.Sale of Note;Change of Loan Servicer.The Note or a partial interest in the Note(together with this Secority .. ;_.:_
<br /> - � Instrument)may be sold one or mose times without prior notice to Bonower.A sale may result in a change in theentity • . ::;;w:,.:
<br /> . ' (known as the"Loan Servicer")that col lects monthlq paqmenis due under the Note and this Security Instrumen�There �- ; ",���:
<br /> • atso may be one ot more changes of the I.oan Servicer unrelated to a sale of the Note.IP there�s a change of the Loan ; �•, i_�
<br /> '-� • ' Servicer,Borrower will be given written notice af the change in accordance with paragraph� 14 above and applicable law. �,�_'' '�. ;r�Y
<br /> � The notice will state the name and address of the new Loan Servicer and the addre:s to which payments should be made. � � "=
<br /> j , �.+�
<br /> � . The nouce will also contain any other informaticm rei{uired by applicable law. � �' '��-- •
<br /> ' 28.Hazardous Substances. Borrower shall not cause ot permit the resence,use,di sal,storage,or releasa of '" �� ��p'='-
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<br /> - any Hazardous Substancea on or in the Property.Bosrower shall not do,nor allow anyone else to do,anything affecting �� ;;�...
<br /> �� � the Property that is in violation of any Environmental Law.The preceding two sentencas shaU not apply to the presence, $� ,_
<br /> ^' .; use, or stosage on the Property of small quantities of Hazardous Su6stances that ate generaUy recognized to be • ;`'�
<br />'� ' appropnate to normal residential uses and to maintenance of the Pro •�}'f�
<br /> �•, ., "'t '3�.�'Y��•:
<br /> �.� Borrower sAalt pmmptly pve I.ender written notice of any investi�tson,claim,demand,lawsuit or other action by : :a���
<br /> , ";;-�.. `� any governmental ar regulatory agency or private party invo lving t he Prop e rty a n d a n�y Hazardaus Substance or .:{i,:
<br /> � Enviconmentat LaN of which Borrawer has actual knowledge.If Bonowet learns.or►s notified by any governmental os . �;��'�=,
<br /> ' ' . • segulawry authority. that any removal or other remediation of any Hazardous Su�tance affecting the Praperty is '`�' '�•;�-:.
<br /> � ' • necessary.Bnrrower shall promptl�r take all necessary remedial actions�n accordance w ith Bnvironmental Law. : :s.:�. ��.,
<br /> - As used in this parageaph 20, Hazardous Substancxs"are thnse so6stances de�ined as tosic or hazardous substances ' �;.x.-�.
<br /> � by Environmentat l.aw and the following substanees:�asoline,kerosen�,other flammable or tosic gietroleum products. _ „ ,.���
<br /> ' toxic pesticides and herbicides. volatile suSvents, materials containing asbestos or formaldehyde, and tadioactive
<br /> � = materals.As used in this paragraph 20."Eavironmentat Law"means federal laws and lawa af the�unsdiction wherc the : r�
<br /> � � " Pro p e r t y ia lacatedthat relate to health,safety or environmental protection. , '� �u
<br /> _ NON-LJIJIFORM COVENANTS.Bonower and Lender further covenant an d agree as to l lows: • , ` - �~:"=
<br /> • � � 21. Acceleration; Remediea. Lender sball give notice to Horrower prior to acceleratioa ioltowiug ' `` ;1;*�'r
<br /> • ' ' ', �t Borrower's breach af any covenant or agreemeat in t6is Security Iastrumeut (but not psior to accelersition ,�'-• .:�;�.-
<br /> � . under paragaph lT unless appltcable law provides otherssise).The natice shall specify:(e)the default;(b)tbe
<br /> action reqnired to cure the default; (c) a dnte. not Ee�s thaa 34 days frorm the date tha notice is p,aven to , . , :.��
<br /> • I Borro�¢r. by whicb the default must be cured:and (c3�tAat 4ailure to cure t��detault on ar before tL*�date "°`-
<br /> :� � spe c i f i e d i n t h e n o t i c e m a y r e s o l t i n a c c e t e s a t i o a o f t h e s u m s s e c u r e d b y t h i s$e c u ri t�I n s t rument and sale of . �>��_
<br /> . '� the Property.The uotice sLall tur4her inform Bonower of the rigbt to relnstate a 3 ter acceleratioA and the `. _. -_--
<br /> .. . , right to bring a cmurt action tn essert t�$ nou�sistence o f a de iau l t os any o t ber de iease o t B o r r o w e r t o :`��;'.:�;;;
<br /> _ : �� �.'��.�� acceleratioa and sale.If the default is not cured on or before the date specified in tbe notice. Leader.at its �
<br /> . option, may requira immediate payment in full o!all sums secured by this Security Insttument witbout .
<br /> ' � . further demand end may invoke the po�ver af sale aad any other remedies permitted by applicable law. . �
<br /> ' '. �� Lendet shall 6e entitled to coltect all egpenses incurred in pursuing the remedies pfovided in this paragrapb .
<br /> - � 21.including.but not limited to.reasonable attorneys'fees and c�sss of title evidenee. . .
<br /> .+ If the power of sale is iavoked.Trustee shaU tecord a notice�f�efeult in eacb couAty in which any pari ot �
<br /> the Property is located and shaU mail copies of suc6 notice in t;�e maaner presctibed by applicable law to � • .
<br /> ' ' �� Horrower and to the other persons prescribed by ap�Dicable law.After the ti�e required bg applicable law.;; .
<br /> '�'`? ' Trustee shatl give public notsce of sale to the persons aad in the maatter prascribed by applicable law."�'rustee, * �� � . •
<br /> • � . �vithout d�mand on Borrower,shall sell the Property at public�uction to the bighest bidder at the time and �� . .
<br /> place and under the terma designated in the aotice of sale in one or more parcels and in aay order Trustee.� . . .
<br /> determines.Truatee may postpone sale of all or any parcel ot the Property by publ�c announcement at the � � , .
<br /> . ' time and place of any previously scheduled sale.Lender or its designee may purchasa the Property at any ;�, �
<br /> • sale. . ' ��
<br /> _ form 3028 9/90 � �
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