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<br /> wi Instrument. If Sorrower fails to pay these sums prior to the eapiration of this pen"od, Lender may invoke `
<br /> by tlus 5ec ty '
<br /> � �.; any tearedies permitted by this Security lnstrument without funher natice or demand on Borrower. �. 4
<br /> -- ` - ;3 18. Borrower's Rigfit to Rdnstate. if Borrower meets rcrtain condltions. Borrower shall have the right to have ' ''3--.._--, ,._ •.
<br /> . ^ enforcement of this Secunty lnstnsment discontinued at any time prior to the earlier of:(a)5 days(or such other period as •
<br /> � applicable law may specify for reinstatement)before sale of the Property pursuanc to any power of sale oontained in this n
<br /> � Secunty Instnunent;or(b)entry of a judgment enforcing this Secvrity Insaument.Those conditions are that Borrower:(a) ,;.
<br /> .i pays Lender aU sums which Wen would be due under this Security Insu�meat aud the Note as if ao acreleration had
<br /> � ocxurre�; (b) cures any default of any other covenanu or agnements: (c) pays all expenses incurred ia enforcin8 tbis - _
<br /> j, Security tnstnlment, including. but aot limited to, reasonabie attomeys' fees: and(d)takes such action ac Lender may _ ,
<br /> ItII
<br /> •! seasonably req�ire to assure that the lien of this 5ecuriry Insuument, Lender's righu in the Property aad Borrower's : :nr.�
<br /> j obligation to pay the sums se�md by this Security Insnument shall continue unchanged.llpon re�n�+��±••^,t by Borrower. , . . --
<br /> ; this gecuriry Insm�ment and tfle obligarions securad hereby s h a l l remain f u lly effecnve as if no acceleration had accurred• �r'.�:�.- .
<br /> : However,thu right to reinstate sUal!aot apply in the case of acceleration under paragraph 17• � � :��.,:-`
<br /> .i 19.Saie of NIul�C6ange of Loan Se�vtcer• The Note or a partial interest in the Note(together with this Security ; .. ,;;_�1�;''
<br /> ; Instrument)may be sotd one or more times without prior notice to Borrower.A sate may iesvlc in a change in the entity i • , ��� .•«e_
<br /> , •1 (lmown as the"[.oan Servicer")Wat colle�xs monthly payments due under the Note and this Security Instrument. There �- .Q:_�
<br /> � .� ._
<br /> � also may be one or more changes of the Loan Servicer uarelated to a sale of the Note. If there is a change of tfte Loan .
<br /> - i Servicer,Borrower wiU be given written aotice of the change in accordance witb paragraph 14 above and applicab2e law. '�•; -�
<br /> The aotice arill state the name and address of the new Loan Servicer and the address to wlucb payments should be made. ��#;:�_
<br /> � ` • .;_��
<br /> The notice arill also cantain any other iaformation required by applicable law. �;`_• �
<br /> Z0.Hazandons Substances. Boaawer shall not cause or permit the presence.use, disposal,storage,or retease of . �.=__._
<br /> � . , ,'s any Hazardous Substances on or in the Property. Boaower shall not do,nor allow anyane else to do,anything af�ectinS � .�"�,,:!.���--
<br /> i'�.. -
<br /> �' the property that is in violation of any Envvonmental Law. The preceding two sentences shall not apply to the presence, '��#,;-�y
<br /> tue,or storage on the Propetly of small quantities af Nazardous Substances that are generally recognized to be appmpriate � "i�.
<br /> � � . t :�
<br /> . � - •� to normal residential uses and to maintenance of the Property. ...,; •'_�:�
<br /> Borrower shail promptly give Lender written noace of any inves�tigation,claim,demand,lawsuit or oiher action by �.. ,r
<br />- any govemmental or regulatory agency or private party involving the Property and aay Hazardous Substance or Environ- ���
<br /> � tmowled e.If Borrawer leams.or rs aotified by any govemmental or regulatory � : '��; �`,�;�;��;�;,�
<br /> � mental Law of wtuch Borrower has actual g • A
<br /> , � auWority.that any remnval or other remediation of aay Ha�ardous Substance affecting the Property is necessary,Borrower ; :,,"���,g��;r';:.
<br /> � shall promptly take aU necessary remedial aciions in accordance with Environmental Law. � .•_��?S�:�,:.
<br /> . , � ps used in this paragraph 20. "Ha7ardous Substances"are those substances defined as toxic or hazandous substances ( . � ;T�t;.
<br /> by Environmental Law and the following substances: gasoline, kerosene, other flanunable or to�ac petroleum products, • I ��.,���;
<br /> � to�cic pesdcides az►d herbicides.volatile solvents,materials containing asbestos or formaldeh�rde.and radioactive materials. � ; :.•.,:. . .
<br /> p$ used in this paragcaph 20, "Enviroruaeatal Law"means federal laws and laws pf the junsdiction where the Property is ` �'.L4`:
<br /> � i , . _�._l-•:,.,�",:..:
<br /> located that relate to heaith.safety or environmental protection. �r��'"
<br /> Nori-UNirowa Cov�uaTS.Borrower and Lender further wvenant and agree as follows: 4 ': �;°;�:
<br /> Zl.Aoceleratioa;Remedies. Lender sha0 give notfce to Borrower prtor to acceteretion foltowing Borrower's �. �: , °.:'_j�:..�`-;`
<br /> � breach of any covenant or agreement in this Securlty Instrument(but Rot prior W acceieratton under paragrapb 17 . � �•.��?��=�'
<br /> .-�.�%R'"y�.
<br /> ualcss appltcabte law provtdes otherwisey.The nolice shall specify:(a)the default;(b)the action requtned to cure ti�e ' �•;ti..�..__.
<br /> - , ` defauli;(c)a date,aot tesa than 30 days Prom the date the notice i�given to Borrower,by whIch We default must 6� . :�"�?;�`�
<br /> cin�ed;and(d)that failure to cvre the defautt od or before the date spscii�ed in the nottce a�ay regult tn acceterat�on :�^.�',;
<br /> o f t he sums s e c u r e d b y t h i s S e c�r i t y l a s t r u m e n t and sate of the Pro p e r t y.The aotice shall fe�rlher inform Borrower ,
<br /> � op the right W reinstate after acceleration and the dght to bring a court adioa to asser¢the non�xtgtence of a �, ; ' '
<br /> defautt or any other defease of Borrower W aace[eratton and sate.If the default is aot cured on or bdore the date ����.^°
<br /> ► sueclfied in the aot�c� Lender at its opiton may require immedlate payment in inll of all sums secure� by thls . ::;;��;_,
<br /> 5iw�rity Instrameat w[thout further demand and mav invoke the power of sale and any othes remedies permiued by �
<br /> �� applIcable 1aw. Lender shall be entitled to col[ect a�l expenses incurred in pursuing the remedies provided in ti��s
<br /> � � paragraph Zl,iacluding,but not Iimited to�reasonable attorneys'Pees aad wsts of title evldenoe. . . ' .: .
<br /> If the power oY sale is invoked,Trustee shall record a notice of de�ault in eacb county in wblch any paet of the . ..
<br /> : •� progerty is located and sha11 mail ooples of such nodce ln the manner prescribed by applicabte law to Borrower and . -
<br /> ''°, • to t6e other peisons prescribed by applfcable Iaw. After the tlrtie required by appliceble law,Tnutee s6a11�ive :
<br /> rt
<br />- ' ; publtc noitce of sale to the peisons and in the manner prescribed by appllca6le law.Trugtee, wiWout demand on
<br /> Borrower,shall seU the Property at pubilc auctton to thc highest btdder at the time and place aad under the terms ,
<br /> designa4ed in the Qotice oY sate in one or moreparcets and In any order Trust�e determines.Trvstee may ne •
<br /> �• sale oY all or any parcel of the Property by public announcement at the time and place oY any previously sch Wed : : .
<br /> . ' sale.Lender or its desigaee may purchase the Yroperty ut any sate. �.
<br /> ; Lipon receipt oY payment of the�rice b1d.Tnistee shaq detiver w the purchaser Trustee's dced conveying the •
<br /> , : property. The recitaig in the Trustee s deed shall be prima facle evidence of the trut6 of the statements made
<br /> therein.Trt�ste�shall apply the procceds of the sale in the foflo�vin�order:(a)to all costs and expenses of exercising
<br /> I
<br /> ,:� Fotm 302� 9190/page b¢I 61 I � � ,
<br /> t� �Y� _ � .
<br /> � B A N K E R S S v S T E M S.�N C.St-ClOUD.MN 58301 11 800 397 7341I FOpM MD 1 NE 2•5�91 .
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