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<br /> . ' . ` 17.TransPer Qithe Froperty ot�enefidal Interest in Borrovrer.If all or an�rt of the Property or any interest in it-l• ' ' • _.� <
<br /> " ' i s s o l d o r t r a n s f e r re d(o r i f a b e n e f i c i a l m t e re s t i n B o r row er is sold or ttansferred and Borrower is not a natural person)without
<br /> , Lender's prior written cos�nt, Lender may. at iu option, require immediate payment in full of all sums secu re d by t his� :
<br /> < � • Security ittstrument.However.tIus option shall aat 6e exercised by Lender if exerrise is prohibited by federal law as of the date� ,
<br /> of this Security Instrument. , . .
<br /> . If Lender exerci�:s this updon,Lender shall give Borrower notice of acceteration.The natice shall provide a periad of not � _
<br /> - .�Y�.--�. less than 30 days from the date the notice is delivered or mailed within whi�h Borrower must pay all sums secured by this ^� . .
<br /> � � Security Instrument.If Borrower fails to pay these suras prior to the expiration of this period.Lender may involce aay remedies� -_
<br /> .� - ,. .
<br />. �
<br /> •... , ' . ..
<br /> �• pemutted by this Security Instrument without further narice or demand on Borrower.
<br /> 18. Borrower's Rlght to Rein,'tate. If Borrower meets certain conditions, Borrower shall have the right to have�
<br /> � ' ' enforcement of this Security Insuument disconrinued at any time priar to the earlier of: (a)5 days (or such other periad as� .� %�,.� `"
<br /> ' •� . . applica6le law may specify for reinstatement)before sate of the Property pursuant tc� any power of sale contained in this �:.-.•� . F•�`"=�
<br /> Secunty Insuument;or(b)entry of a judgmeTrt enforcing this Security Instrument.Those conditions are that Borrower.(a)pays .
<br /> � � Lender all sums which then would be due under this Security Iasuument and the Note as if no aoceteration had occumed:(b) . � -
<br /> ` � • cures any default of any other oovenants or agreemenu: (c)pays all expenses incurred in enforcing this Security Insirusnent, �� :;
<br /> ' including, but not limited to,re�sonable attomeys' fees:and(d)takes such action as Lender may reasonably reqwre to assure , �� :
<br /> • '�: that the lien of this Sacurity lnstrument,Lender s rights in the Progerty and Borrower's obligation to pay the sums secured by � :. S`
<br /> ` . ` this Security In+trument sha11 continue unchanged. Upon reinstatement by Borrawer, this Security Insaument and the �r.• �_,.e
<br /> " ' - � obligations secured hereby shall remain fully effective as if no acceleration had occarred.However.this right to reir�state shall '.�:. : . � !�.��_
<br /> . .� not apply in the case of acceleration under paragraph 17. r� •: ;'_- -
<br /> 19. Sale of Note; Change of Loan Servtcer. The Note or a partial interest in the Note (together with this Security ,
<br /> � Instrument)may be sold one or more ames without prior nouce to Borrower.A sale may resutt in a change in the entity(known ���'°- .� -, _..
<br /> � t , as the"Loan Servicer")�hat collects monthly payments due under the Note and this Security Insuument.There also tnay be one ___
<br /> - ��• or more changes of the Loan Servicer unrelated to a sale of the Note. If titere is a change of the Loan 5ervioer.Borrower will be _
<br /> � " � '--- given wri t ten n o t i c e o f t h e c h a n g e i n a c c o r d a n ce w i t h p a r a g r a p h 1 4 a b o v e a n d a p p li c a ble law.The notice wilI state the name and _ , �
<br /> address nf tiie new Laan Servicer and the address to which payments should be made. The notice wip also contain any other ��?'�..
<br /> ° � � infomiation required by applicable law. � ' �
<br /> Z0. l�Yazardons Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any �,...P��,y_.`
<br /> Hazardous Substances on or in the Property. �orrower shall not do, nor allow anyone else to do. anything affecting the �- ::"�:'_,s_�;<.�_
<br /> � '.-,��.� Property that is in violatian of any Environtnental Law. The precediag two sentences shall not apply to the presence, use, or -, —4 ._�.:
<br /> • . storage on the Property of sznall quantities of Hazardous Substances that are generally recognize�to be appropriate to nortnal • �
<br /> c_�•.
<br /> �. � resid,ntial uses and to maintenance of the Property. ___--
<br /> �.• � ��� Borrower shall promptly give Lender written notice of any invesrigadon.claim,demand,laa�suit or other action by any .;��� � --w_.
<br /> :� � ,�' � gavemmental or regulatory agency ar private party invotving the Property and any Haiardous Substance or Environmental Law ':�;,:�;___�
<br /> .`'� ' • %' '`�'- of which Boaowec has actual knowledge. If Borrower learns.or is notified by any govemmental or regulatory authority,that _
<br /> � ' �..� �+ any removal or ather remediation of any Hazardous Substance affecting the Praperty�s necessary,Borrower shall promptly take
<br /> � � �' all necessary remedial acpons in accordance with Environmental Law. . --;--.
<br /> . . •. - As used in ihis paragraph 20. "Hazardous Substances" are those substances defined as toxic or hazardous substances by • ; �---
<br /> 3��
<br /> " ' '� Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxtc _ .,.,:�
<br /> .-..- - - -- pesticides and herbicides,volatite solvents. materials containing asbestos or fortnaldehyde,and radioactive materials.As used in , „�,,__
<br /> . this paragraph 20, "Bnvironmental Law" means federal laws and laws af the jurisdiction where the Praperty is located that , ,�
<br /> . relate to healtb,safety or environmental protection. • ��"`-
<br /> ' ' NON-UNIFORM COVENANTS.Borrower and Ixnder further wvenant and agree as foQows: •' �'"!'�?�,
<br /> ' � �� 21.Acceleration;RemedFes.Lender shall give not[ce to Borrower prlor to acceleration following Borrower's breach . � .':T
<br /> � • of any covenant or agreemeat in this Security InstrumeM (but not prior to acceteration under paragraph 17 untess ��� •: _*.�"`_�
<br /> ` � applicabte law provides otherwise).The nottce s6a11 specify: (a)the dePault;(b)the adion ceqe�ired to core the default; :.',<,�
<br /> �' � � (c)a date, not lesg than 30 days from the date the nottce is given to Borro�ver,by whicd�the default must be cured;and . _
<br /> (d)that failure to cure the default on or 6efore the date specit4ed in the nottce may result in accetera8on of the sums , ��=`==�
<br /> • . ' secured by this 5ecurity Instrument and sale oY the Property. The not�ce shall further inform Borrower of the sight to .
<br /> ' � reinstate ai'ter scceteratton and the right to brin�a court action to assert the non-existence of a default or any other �� •;-�
<br /> � �� 'y d e f e n s e oP Borrozrer to acceleratton and sale. If the default is not cured on or before the date speci�ied in thz notice, _-
<br /> • .�°� Lender,at its optlon,may require immediate payment in fa l l o f a q sums secu r e d by t h is S e c u ri t y I n s t r u m e n t «i t h o u t ,`
<br /> . further demand and may invoke the power of sale and any other remedies permitted by apQltrable taw.Lender s�all be � • �� + �
<br /> � . . � entitled to wltect aQ expenses incorred in pursuing the remedles prov1ded in thls paragraph Zl,including,but not limited ,
<br /> � • to,oeasona6te attorneys'fe�s and costs of title evidence. � ,
<br /> " IP the power of sale is invoked,Tru.stee shall record a notice of defau[t in each county in wh[ch any part of the
<br /> :,�� � � • Property is located and shail mail copies af such aotice 1�the manner prescrtbed by applicable la�v to Borrower and to
<br /> !� � � the other�Se�ons prescribed by applicable law.After the dme reyuired by applicabte law,Trustee shall give public not[ce • • ,
<br /> : `' ' � of sale to the persons and in the manner prescribed by applicable taw.Trustee,without demand on Horrower,shail sefl . :
<br /> , � the Property at pnblte suctton to the hi�h�ct bidder at the time and place aad under the terms deslgnated in the notice of •
<br /> �'�,} ! sate in one or more parcels and in any order Trustee determines.Trustee may postpone sale of aU or any parcel of the . . .
<br /> � Property by publlc announcement at the time and place of any prevtously scheduled sate. Lender or its desi�,rtee may • . •
<br /> - ' ' purchase the Property at any sale. � �
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