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<br /> � ^ i; - • 17. Trenster o4 the Rroperty or a �enef�cisi Interest in Borro�srer. It all or anY Part af tlse Property or.. �' � ,°.< .�. ,�_,T�
<br /> � ' " � any ;nte�est in �t is,sotd or transfarred(or�a beneficiai rt9rest in Bortower is sofd or Vansferted and Borrower is noi a naturai ` . <
<br /> - j person)without Lender's prior wr3ten consen�Lender may,at its opfion,require immedtate payment in tu0 of a11 sums secured by i . . ;
<br /> • this Security Instrument However,this opNon shau not be enercESed by Lender d exer�ise is prohbRed by tederal law as ot the� � r
<br /> ` ' � date ot this Security tnsUument '� , t
<br /> V . i tf Lender execcises this option.Lender shatl give Borsower notice af aceeleratton. The natice shaU provide a pedod ot not � . .
<br /> � ° Iess than 30 days from the date the notke is Qel�ered or maitaA wdhin which 8ortowar must pay eU sums sewred bY this� ;�f -
<br /> , r Securay Instrumsn� If Borrower tafis to pay Mese sums prior to the e�traUon of this period, Lender mey rt�voke any remed�es p�°,,` � �
<br /> ° � permitted by this Security lnsuumertt without further not+ce or demand on BoROwer. � , � ' • - '
<br /> ' � i' ' 18. Rorrower's Rtght �o Reina4ate. If Bortovler meets CBrtaln Cond'Rions. Borrower sAall h8ve the right to have
<br /> � enforcement of this Security Instrument dtscontinued at any time pdor to t4�e earUer of. (a) 5 days (or such Other period as� � ._
<br /> ` � epplicabte law may specJlr tor ce6istatement)betore sale ot the Prope�ty pwsusnt to any power of sete contained in this Securrty�
<br /> � � _ �� � Instrumenx or (b)entry of e jud�nent enforcing thls Securityr InsVumen�ThosO condiUons are that Barrower. (a)pays Lender aU
<br /> � ! sums which then would be due urtder this Sacurityr tnsuument and the Note as ff no atcelsratlon had occurred; (b)cures eny .
<br /> F � + . . QefauR of any other covenant or 8greements: (c)pays all e�enses incurred tn eniorcing th�s Security Instruman� inch�d�ng, b�t , _ ._ -
<br /> _ ,-, ; not IimRed to.reasonaLte attomeys'fees:end(d)takes such acdon as Lender may�soRablY reQuue to assure tAat the lien of _--:-- --
<br /> this Securfty tnsuumertt, Lenders rights rt� the PropeRy and BoROwers ob6gation to pay the sums secured by this Security
<br /> .� - . � instiument shall cont�ue unChanged. Upon refistatement by BoROwer, this Securidy Insuument and the obtigaiions secured ; � ;
<br /> � � �' dereby shalt remein tY�ity eHective as it no acceleration had oaurted. However,thts right to retnstate s�a0 not appry�►the case . ,
<br /> • , � of ecceteration under parag►aph t7. .... "., �
<br /> ' � 19. Sale ot Note; Change of Loan Servtce�.rne ►uoce or a a part� mterest in the I�ota (together with this ••� • .
<br /> Secur�ty instaument)may be sotd one or mare times v�hout pdar noY�ce to Bortower.A sale may result m a change m the entny • . ._
<br /> - (known as the`Loan ServiceP')that couects monthry payments due under the Nate and thLs Securny tnstrumsnt. Yhere atso may ,,. _"��,•.
<br /> ��v
<br /> � be one or more changes o4 the Loan Senrfcer unce�ted to a sate of the Nota If Ufere is a change of the Laan Senricer. ,"r�<�,•
<br /> , � Borrower w�ll be given wrtten notice ot the change in accordance with paragreph 14 ebove end applicabte Iaw. The aotice will , �,��..
<br /> state the name and addcess of the new Loan Servicer and the address to which payments shouid tre made. The notice w�l also �., ,r°
<br /> � contain any other iniortnaUon required bY apD6cab� law. . :. �`•�''
<br /> 20. HeZSrdOUS Su68teriCeS. eorrower shatl not cause or permit the presence,use,dispasa4 storage.ar retease ot ' �� �';�''�•�
<br /> _ :,.�:_
<br /> ° . any Hazardous Substances on or in the Property. Borrower sha11 not do, nor aliow anyone etse to do, anything aNect�9 U�e ,,��; --
<br /> ;:'; Property that is in viotatlon ot any Ernfronmental Law. The preceding two sentent�s shail not eppty to tha presertce, use,or , ' {�' a��:
<br /> ' " storage ort the Properiy of sma0 quentities of HaTardous Substances that are 8eneraity recognized to be approprlate to nortna� . a�
<br />_ �—
<br /> .� • • residential uses and to maintenance of the Property. ---� :
<br /> ' . . .��; Borrower shali promptiy ghre Lendar w�tten notice of any �vestigaYwn, c►aim, demand �wsuit or ather action by any �t,r
<br />- � � '• govemmentat or regutatory agency or prlvate party invoNing the Property and any Hazardaus Substance or EnvfronmenffiI law of � `�^'�"``_.
<br /> �,�j�..�R
<br /> �; which Borrower has actuat knowiedge. If Bortower leams, or is noYrfied by any govemmental or regulatory suthorityr, that any � ::...�,�
<br /> • � �� removal or other remediatian ot any Hazardous Subsmnce aftecting Praperty is necessary. Borrower shall promptry take all ,__:�_�;;
<br />--ti. � necessary remedial acUons�n accordance with Environmental law. ';`;"";_"�°�
<br /> �t As used in thts para�aph 20, "Harardous Substances"are those subsmnces defined as toxtc or harardaus substances by � '"
<br /> �.�.�::
<br /> , Environmental Lsw and the foitowing substances: �solma kerasene, other ttammabte or to:ta peb�oleum products. toxin � . ;�,_�_
<br /> pesUcides and herblctQas,volat8e soNents.mate�iats containing asbestos or formaldehyde,and radioacdve mater i a t s. A s used in ': "��•�°-
<br /> ,'; ' r.,:�,
<br />.;J� . ' - � pgrggreph 20. °F.nvtronment8l Lew" rtreans tede.aa faws and taws of the jurisdictton where the Praperty is lot�fed tha! refate to ,�. " ? '�.�.�
<br /> heafth,safety or ernr�onmental protection.
<br /> , . �. �:�
<br /> � NOtV-UNIFORM COVENANTS.Bortnwer and Lender fuRher covenartt and agrea as foltows: . :"',:�,;-:
<br /> - � • - � 21. Acceferatlon; Remedies. Lender shall give noUce to Boms�ver prior to accelera4ton �' � .�r;;;,''��'��`-�=
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<br /> ` .__ to{[ov�tng Borrower's f�resch of any covenant or agreentent in ifiis Seeurity Instrument (but not � �.r.=
<br /> • � pHor to acceteration under paragraph 17 uniess appltcab9e taw qrovides o4herwise). The nottce �`�� J�'�' :
<br /> ° �.� shall specity: (a) the detault; (b)the acUon required to cure th� delsult; (c) a date, not tess than � �`��•s'
<br /> •j 3� days from the date the notice is given to Borrower, by whtch the defauit must be cured; end ':` ��;'�� .
<br /> � � � ' (dD that taiture to cure the default on or f�efore the d�te speciftEd in the no�ice may result in ��'� =�;�-
<br /> - -- � . - aoceteraUon of the sums secured by this Security Instr�rnen9 and sate of the Property. The notice ��;:
<br /> � �� � shall further btorm Borrower of the right tm reinstate after accelereUon and the right to brirtg a � : .,. °��
<br />� �t court action to assert the non-exlstence of a defeult or any other detense of Borrower to • �`
<br /> '',� � acceleretion end sale. It the detauit is not cu�ed on or betore 9he date spec(fle� In the notice, � . �� ±,��
<br /> �•" � . . Lender at its option may �equire immedlate pa�ea�ent in fup af eti suma secured by 4his Secu�tty . ., . . ;
<br /> Instrument without turther demand ar�d may invoke the power of �C� end erry ottter remedies � � � .
<br /> • permitted by applicabte law. Lender shall be entitted to ccEiect all expenses incurred in pursuirtg _
<br /> the remedies provlded in this paragraph 21, irtctuding, but not limited to, reasonable attorneys' • , .
<br /> • � � � tees and costs ot tttle evidence. �
<br /> It the power of sale is invoked, Trustee shail record a notice o4 detault in each county in , � _
<br /> ' wd�ich any part of the Property is located a�¢� shall mail coples of such notice in the manner
<br /> prescrlbed by applicabte !aw to Borrower and to the other persons prescribed by appUaable Iaw. _
<br /> ��� . Af4er the time required by appiicabte law, Trustee shall gtve public no4tc0 ot sate to the persons
<br /> . ' end in the manner prescrlbed by applicable law. T�u�tee,wtthout demand on BoROwer,shall sell .
<br /> . . � the i�operty at public auctlon to the highest bidder at the time and ptace and under the terms � . �
<br /> designated in the noUce of sate in mrte or more parcels and in any order Trustee determinea •�° .
<br /> ' Trustee may postpone sale of all or any parcel of the Property by public announcement et the
<br /> " ; time and place of any previously scheduled sale. Lender or its designee may purchase the ,
<br /> Property at any sate. •
<br /> Upon receipt of payment of the prlce bid� Trustee ehall deliver to the purchaser Trustee's . �
<br /> �,�� � � deed conveying the Property. The recitals in the Trustee's deed shali be prima tecie evidence ot _
<br /> • the Uuth of the atatements made therein. Trustee �hatl appty the proceeds of the sale in the
<br /> tollowing order. (a) to all costs and expenses of exercising the power of sate, and the sale. � . ,
<br /> ' . including the paymen4 of the Trustee's teea actually incurred, not to exceed three � �
<br /> � %of the principal amount ot the �.
<br /> '.' note at the Ume of the declaraUon of detault,and reasonable ettorney's tees as permitted by taw: �
<br /> � ! (b)to all suma secured by thia SecuNty Instrument; and (c) any excess to the persfln or persons f . '
<br /> � tegalty entitted to ti. ' '
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