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<br /> . ` , t . • 17.T�ansfer of the Pmperty or a Benefidal Interest in Borrower.If all or aoy part c�f thc Property or any�ntetYSt in it � �
<br /> ' � � is sold or transferted!or if a benefic�al interest in Borrower is sold or transfemxi and Borrower i.not a natural persun►w•ithout C� ,
<br />- � - Y,: Lender s prior written consent. [.ender may, at its option. requirc immediate payment in full of all ,ums sec�red by this �O ,, �
<br /> Securit}�[nstrument. However,this oprion shall not be exercised by Lender i�exercise i�prahibited by federal laa�a,of the date � �. ._
<br /> • °' � of this Seturity Instrument. _' __
<br /> • _ __ .�:_�_,_ If Lender exercisea this option.Lender shall give Borrower notice of acceleration. The noti�Y shall provide a period uf not �° . . _ _ ___._.
<br /> � • less than 30 days from the date the notice is delivered or mailed within which Borrower mus[ pay all sums secured by this � -- _-- ==:..
<br /> °�• Security Instrument. If Borrower fails[o pay these sums prior to the ezpiration of this period.Lender may invuke any remedies� .- � �, ..
<br /> ` • � permitted by this Security Ltstrument without further notice or demand on Borrower. „
<br />"' �� IS. Borrow�'s Right to Reinstate. If Borrower meets certain conditions. Bormwer shall have the right to have� .. , .
<br /> � � � ' enforcement of this Security Insuument discontinued at any time prior to Ihe earlier of: (a)S days (or such�ther period as _ .
<br /> � � � applipble law may specify for reinstatement) before sale of the Property pursuant to any power of safe contained in this , .
<br /> , ' .� Secvriry lnstrument:or(bl entry of a judgment enforcing this Security Instrument.Those conditio�s are that Borrower:(a)pays • :;• �..
<br /> Lender all sums which then would be due under this Security Insuument and the Note as if no acceleration had onurred: (b) _
<br /> � � cures any default of any other cavenanu or agreements; (c) pays all expenses incurt�d in enforcing this Security Instrument. �a°`_ ,
<br /> ' ` ,.�,� including, but nat limited to,reasonable attomeys' fees:and(d)takes such ac[ion as Lender may reasonably reqwre to assure . ,-f�;�.�
<br /> � �� that the lien of this Seturity Instrument. Lender's rights in the Property and Borrower's obligation to pay the sums secvred by =_
<br /> �.S",^ vyr.:.�
<br /> ' ' this Security fa�trument sha11 continue unchanged. Upon reinstatement by Borrower, this Security Instrument and the -- ��-
<br /> � obligations secured hereby shall remain fuUy effective as if no acceleratian had occurred. Hoa•ever.this right to reinstate shall , ;;":�,,w_
<br /> . � ,, not apply in the case of acceleration under paragraph 17. .����'`
<br /> 19. Sate oY Note; Change of Loan Servicer. The Note or a partial interest in the Note (together with this Security �: �;�:-_
<br /> ' Instrument)may be sold one or more times without prior notice to Borrower. A sale may result in a change in the entity(known �:_-
<br /> . , L jt��
<br /> ;�::� as the^Loan Servicer")that collecxs monthly payments due under the Note and this Security I�utrument.There also may be one
<br /> ' � - or morz changes of the Loan Servicer unretated to a sale of the Note. If there is a change of the Loan Servicer.Eorrower will be _ �
<br /> S
<br /> iven�critten notice of the change in accordance with paragrapl� 14 above and applicable law.The nolice will state the name and � ���},,i��
<br /> � � address of the new Loan Servicer and the address to which paymenu shauld be made. The netice will also contain any other .-. �.:�.;,,�;J,,
<br /> . � • information required by applicable law. � ' •::�`���
<br /> � Z0, Hazardons Substances. Borcower shall not cause or perntit the presence. use, dispasal. storage, or release of any ���-�-•
<br /> ;;?�';,.
<br /> Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do. anyth�ng affecung the � �� g t_,_
<br /> , Properry that is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence.use, or ; �-' ��.:`
<br /> .;�-:a--�,x.
<br /> ' . storage on the Property o f s m a l l quantiti�o f Hazar dous Su bs t a n c e s t h a t a r e g e n e r a i l y r e c o g n i z e d to be a p pra priate to normal �r z�_.:
<br /> . l:r'c7si;.:
<br /> . residential uses and to maintenance of the Property. • `�
<br /> Borrower shall promptly give Lender written notice of any investigation,cluim, demand, lawsuit or other action by any �. r .:��.;�• �.
<br /> ._�".
<br /> ' • governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Eavironmental l.aw . ..;.,:-�;,
<br /> • of which Barrower has actual knowledge. If Borrower leams, or is notified by any govemmental or regulatory autharity,that . v, �y;�__.�
<br /> � � , any removul or other remediation of any Hazardous Substance affecting the Property is necessary,Borrower shall promptly take ..:;.�J;
<br /> • . all necessary remedial actiuns in accordance with Environmental Law. - .'�.+�.'.
<br /> - � As used in this paragraph 20. "Ha�ardous Substances" are those substances defined as toxic ar hazardous substances by :-',�:�_
<br /> -.` Environmental Law and the foltowing substances: gasoline, kerosene, other flammable or toxic petroleum praducts. toxic , :;�,..,;.
<br /> " pesticides and herbicides,volatile solvents,materials containing asbestos or formaldehyde,and radioactive materials.As used in ,'�`
<br /> � •• ' this paragraph 20. "Environmental Law" meanc federal laws and laws of the jurisdiction where the Property is located that �_�:�
<br /> ' - relate to health,safety or environmental protection. , :� '�=
<br /> NON-UMFORM COVENANTS.Bonowcr and Lender fuaher covenanl and agree as follows: �:'y�^;
<br /> � 21.Acceleration;Remedies.Lender shall�ive nottce to Borrower prior to acceleratton following Borcnwer's breach . -�'��'
<br /> . , . oP any covenant or agreement in thts Securlty Instrument (but not prior to acceleration under parngraph !7 untess . � ��-
<br />-- applicable law provides othenvise).The notice shall specti'y: (a)the default; (b)tho action required to cure the default; �,, q�,�:
<br /> ' • (c)a date,nat tess thun 30 days from the date the nottce is given to Borrower,by which the defanit must be cured;and ; . . _9r 5,
<br /> ' (d) that failure to cure the default on or b..°fore the date specitied 1n the notIce may resutt in acxeleration of the sums � . -_ -
<br /> � � � secured by this Secnrlty Instrument and sale of the Property. The notice shall furtfrer inform Borrower of the rig,ht to � .;, ;, .
<br /> � reinstate after acceleration and the right to bring a court action to assert the non-existence of a default or any other � � � . : -
<br /> � defense of Borrower to acceleratian and sa1e. if the default is not cur e d on or be fore t he da te specitied in the noitce, . • . .,;.
<br /> � Lender,.at i�s optton� may require immediate payment in full oP all sums secured by this Security ingtrument without . • � -
<br /> ' further demand and may invoke the power of sate and any other remedies permittcd by applicable Iaw.Lendec shall be .. . � . •
<br /> entitled to coUect all expenses lncuered in pursuing the remedies provtded in this paragra�h 21.including,but not limited , .
<br /> .'„ � to.reasonabte attorneys'fe�and costs uf title evidence. . � . . •
<br /> if the power uf sate is Invoked, Trustee shall record a notice of default in each county in whtch any part of the . ., .
<br /> � �• Properiy is located and shaN mail copi�s of sach notice in the manner prescribed by applicable taw to Borrower and to . .
<br /> � . the other person5 prescrlbed by s�pplicable law.After the tlme required by applicable Isw,Truster shail give public notice
<br /> � ' of saie to the penons and in the manner prchcribed by applleable fa�v.Trustee.�vtthout demand on Socrower.shall!�ell s. .
<br /> ` � the Property at public auction to the h}ghest bidder at the time and place and under the terms desi�ttated in the notice of : •-
<br /> � • • sale in one or more parceis artd In any nrder Trustee determines.Trustee may pos�tpone sale of all or any parccl af ihe
<br /> • Property by public annourtcement at the tim�r and place of any previou4ly scheduled sale. Lender or lts d�i�nee may .
<br /> ':'. purchase the Property at any sale. • •
<br /> Form 3028 9/90 �
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