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<br /> , � � � �;� 17.Transfer of the Propert�or a Beaeticial Inter�t In Borro�r•er.If a!i or any part of the Propecty or any interest in it . . • , .
<br /> ':�•.
<br /> � '' is sold or transfemed lor if a beneficial interest in Borrower is so u� t��}� a�ment in full of allnstutns s�ac�ure� by this � ' `
<br /> • �� Lender s prior written coasent. Lender may. at its option, req P.Y ` •
<br /> ��5 Security Instrument.However,this opdon shali not be exercised by Lender if ezerc�se is prohibited by federal law as of the date ;. _ ..
<br /> s � '�yj af this Security Instrument. � �` . .• �
<br /> -�- �-�-� If Lender exercises this optiun,Lender shall give Borr�wer notice of accelemtion.The nauce shall provide a period af not f �Y �z� .
<br /> —�•^�� less than 30 days fmm the date ltie notice is detivered ar ma'sled within which Borrower must pay al! sunu secured by this . , t
<br /> �a `� } Securiry Instrument.If Borrower fails to pay these sums priar to the expiration of this periad.Lender may invoke any remedies
<br /> � �� ' � permitted by this Security Instrument without furth.°.r notice or demand on Borrower. �•• �,, ,
<br /> ' � .j 18. Borrower's Right to Remstate. if Borcower mcets certain conditions. Borrower shall have the right to have ':``�,:
<br /> ' , . .; enforcement of this Security Insnument discondnued at aay time prior to [he earlier of: (a)5 days(or such other period as .,
<br /> - -'• appticable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this �-.<<. '�; .
<br /> ' ��;�� Security Instrumeni:or(b)entry of a judgment enforcing this Security Instrument.Those cond�uons are that Borrower.(a)pays ..
<br /> •; � Lender alf sums whtch then would be due under this 5ecurity Instrument and the Note as if no acceteration had accurred: (b) . :._ .
<br /> � cures any default af any other covenants or agreemenu; (e)pays a11 expenses incurred ia enforcing this Security Instrumen� � - ���,-
<br /> � ' including,but not limited to, reasonable attomeys' fees:and(d)takes such aaion as l.ender may reasonnbly reqnire to assure ",� �;''s ,',_�;,��,_`-,•'
<br /> • `<='f that the tien of this Security Instrument, Lender s rights in the Property and Borrower's obligauon to pay the sums secured by ;
<br /> -• this Security Instrument shall continue unchanged. lJpon minstatement by Borrower. this Secunty Instmenent aud the . ,��'�;;
<br /> ' Y obligations secured hemby shall remain fuily effecrive as if no accelerauon had occurred.However,this right to reinstate sha11 �. ;,•, .,,�_-
<br /> •� not apply in the case of acceleration under pacagraph 17. ,,ti;''� '.� : . �- -
<br /> ' 19. Sale of Note; Change of l.flan Servicer. The Note cx a parcial interest in the Note (togcther with this Security �._�,��.::��.
<br /> � Instrument>may be sotd one or more ames without prior norice to Borrower.A sale may resutt in a change►n the entity(lrnown ;;�*T_�
<br /> � = as the^L.oan Servicer")that collects monthly paymenu due under the Note and this Security Instrument. There also may be one `` ;�•ar.-
<br /> - . F , - `= or more changes uf the Loan Servicer unrelated Eo a sale of the Note_If there is a change of the Loan Servicer.Barrower will be , � ,_ .:r�_
<br /> -' given written natice of the ehange in accordance with paragra}�h 14 above and applicable law.The notice wiU state the name and i��,.,
<br /> � , .•a�._-
<br /> ' � � ,, address of the new Loan Servicer and the addcess to which payments should be made.The norice wiA also contain any other .�.,,,,:-
<br /> � �. Ji information required by applicable law. ' �����"�`
<br /> • 20. H�ardous Substances. Borrower shall n�t cause or pemut the presence, use, disposal, storage, or release of any ';;�`: ,::Y..>-
<br /> ° -� ' .�`j Hazardous Substances an or in the Property. Borrower shall not do. aar allow anyone else to do, anychmg affecting the ;..,• �,�,
<br /> Property that is in violation of any Environmental Law. The precedin� 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 ',�:�. • v���
<br /> :...���
<br /> � � residential uses and to maintenance of the Property. . �� � ,
<br /> � Borrower shall prompQy give Lender written notice of any invesugation.claim,demand, lawsuit or other action by any �: �j4 ��
<br /> governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law . ., ..;5' �
<br /> � of�vhich Borrower has actual knowledge. If Borrower learns,or is notified by any govemmental or regulatary authority,that � •:�`
<br /> ' ' . any remova!or other remediation of any Hazardous Substance affecting the Property is necessary�.Borrower shall promptly�take � F �._�� .
<br /> all necessary remedial actions in accordance with Environmental Law. • _.
<br /> As used in this paragrapfi 20. "Harardous Substances" are those substances defined as toxic or ha7ardaus substances by � �'�.
<br /> ' �` Environmen t a i L aw s s n d t h e f o f l o w i n g s u b s t a n c es: gasoline, kerosene, other tlammable or[oxic petroleum prodacts. toxic . �
<br /> . � pesticides and herbicides,volatile solvents.materials cuntaining asbestos or fom�aldehyde,and rddioactive materials.As u s e d in .t
<br /> , . this paragraph Z0, "Environmental Law" means tederal laws and laws of the jurisdiction where the Property is located that �--R,,,
<br /> "n ��-,
<br /> relate to health,safety or environmental protection. , - .,=�p?�::."
<br /> � � NON-UMFORM COVENANTS. Boaower and l.ender further covenant and agree as follows: � � . :;_��.
<br /> • ,� 21.Accelerat[on;Remedtes.Lender stmll gi�e notice to Borrower prior to acceteration Pollowing Borrower s breach •' %�'>,r::
<br /> of any covenant or agreement in this Security Instrument (but not prior to acceleratton under paragraph 17 unless `, ��`�:
<br /> _ • �•�: applIcable law provides otherwise).The notice shall specify: fa)the defuult; (b)the action required to cure the defautt; ' '�. � _�,v—
<br /> ' � � �� (c)a date,not tess than 3d days from the date the notice is given ta Borrower,by�vh[ch the detautt mus#be cured:and ,• - '.� '�::.
<br /> ' � � : �. (d)that failvre to cure the defanit on os before the date specifed in the nottce may result in acceleration ot the sams � _� ,��.
<br /> .r secured by this Secua�ty instrument and sale of the Property. The aottce shall iY�rther inform Borrower of tite right to ---
<br /> ' �. i reinstate after acceleration and the rtght to bring a court action to assert the non�xistence of a default oe any other ' .r. °• `�.,:�-:�,
<br /> � ' , •: � dePense of BorroK•er to acceterudon and sale. IP the default is not cured on or before the dAte speci�ied in the notice, :, 4 ; .. : a:
<br /> Lender, at tts opiion,may require immediate paymeni in full of all sums secured by this Security InstcumeM withont ,. •
<br /> �i further demand an d may invo ke i he powe r o f s a l e a n d a n y o t h e r re m e d i e s p e r mltted b y a p pllcable law.Lender shall 6e :`,.: .';�
<br /> - � �,� entitfed to callect atl expenses incurred in pursuin�the remeclles provided in this paca�raph Zl,including,but not limited ,
<br /> to,reasonable attomeys'fees and costs oP Ntle evtdence.
<br /> � lf thc power of sate is invokeal,Trustce shall record a notice of defauit in cach wunty in whic6 any purt of the :
<br /> ' Property is located and shall mail coples of such notice in the manner prescribed by appliqble law to�orro�ver and to � . , . .
<br /> � � the oiher persons prescri4�ed by applicable la�v.After the time required by applIcabte law.Trustee shall give publlc not3ce
<br /> � ot sate to the persons and in the manner pr�cribed by applfcabte law.Trustee,without demand an Borrower,sha."!sel! .
<br /> . the Property at pubtic auction to the hi�hest bidder at the time and place and undont one sale oY all or�anin tarcel tof the � •
<br /> sale in onr or more parcels and in any order Trustee dete�minea.Trustce rnay p . p Y P
<br /> ' ' Property by public s�nnouncement at the time and ptace of any previously scheduled sate. l.ender or its desip,nee may •
<br /> � = - purchase the Property at any sale. , � :.
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