|
. .. . .. .. • , . . . .1�
<br /> �.�-_� _ . . . . . �` . � .. � -��.
<br /> � �
<br /> � � ,5 � • . ' c _
<br /> � . .
<br /> 18. �arrower's Right to Reinsta4e. It Bortower meets certaln conditions, Bortcwer shall have the dght to have .�;�
<br /> emorcement of this Securiry InsUument d�scontinued et any 8me prior to the earlier of. (a) 5 days (or such other period es aPplicable M_;,.
<br /> taw may spediy tor reinstatement) before saie of the Froperty pursuant to any power of sate contained In this Seruiity InsWmenG or �'��_;
<br /> (b) entry ot a Judgment enfordng this Securiry Instrume�t Those conditlons are that Bortower. (a) pays Lender a11 sums whtth then , .,
<br /> cures an default of en other �:
<br /> � wbuld be Que u�der this Security fnstrument ar+d the Note as it no acceleraUon had occuRed: (b) Y Y . �,
<br /> covenant or egreements: tct pays eil expanses Incurced In enlorcing this Securily Instrument, Inc6uding, but not 1[mited to.reasonshte •(��
<br /> attomeys'tees;end (d)tekes such ecdon aa Lertder may reasonably reqwre to essure ihat Ihe iie��uf itiis Securfty t�strum2nt. Lend�s'�� - ___
<br /> rlght9 in ihe Propertyr and Borrowers obllgatlon to pay the sums secured by thls Secutlty InsWment shall conUnue unchanged. U(san� �.
<br /> rei�stetement by Bortower,this SECUdty�nshument and the obl;gations secured hereby shaU remain fuily ef(ecliva as ti no acceleraUon g , , �`'
<br /> had occurted Nowever,this right to reinstate shall not apply in the case of aacetetaUon under paragraph 17. - _-_
<br /> 19. Sale of Nate; Change of Loan Servicer. The Note or e parital �nterest tn the Note (together with this Securtt� , , , —
<br /> Instrumentj may be sotd one or more times without prior noUce to 8ortower. A sale may resuit In a change tn the entily(Imown a9 ihe1� ,
<br /> 'Loan Servicer') ihat coNects monthfy payments due under the Note and this Security Instrument There also may be ane or mor� . _ _ _
<br /> changes of the Loan Servicer unrelated to a saie of the Note. H there is a changa ot the Loan Servicer, Bortower will be given vrtitter�'� ,T�:-'
<br /> � noUce of the change in accordance with paragraph 14 above and appGcabte Iaw. The noUce wn11 state the�ame and address of th _
<br /> new Loan Servicer and the address to which payments shoaid he made. The notice wll aiso contain any other intormaUon required b� , . �_
<br /> apptica6le law. . ,"
<br /> 20. Ha�ardous Substanees. Borrower shail not cause ar permit the presence. use, disposal, storage. or re{�sa of arsy ..�,
<br /> � Hazardous Substances on or in the Property. Bortower shail not do,nor allow arryone else to do,anything eftectlng the Properry that . `�
<br /> is In viotation ot any Environmentat Law. The precedng two s�ntenc� st:a(1 not apPly to the pres�ce. use. or storage on the ' J°- ;�T_� _-=_.
<br /> property of smatl quantities of Hazardous Substances that are generafly recognized to be eppropdate to�ortnal residentlal uses end to ; < �c
<br /> maintenance of the Property. � ��-�
<br /> Bortower shafl promptty give Lender written no6ce ot any investlgatlon,datm,demand,lawsuit or other acUon by arty govemmental ,t._.a�Q9�;
<br /> or regulatory agency or pmrate parry invotving the Property and any Hezardous Substance or Environmentel Law ot wnich Bortower has � � ,; ;. _
<br /> actuaf knowiedge. If Barrower leams, or Is notified by any govemme�al or regula[ory aulhority,that any remwal ar other rerr.c�'�UUon � , , ,.��,.-
<br /> ` :5.�., t
<br /> oi any Hazardous Su45�rece aftecting the Property is necessary. Bocrower shaU promptly take a0 necessary remedial a�cns in x; -. .�
<br /> aceordance with Envircnmental Law. � . :
<br /> As used (n this paragraph 20. 'Hamrdous Substanr.es' ere those substences deftned es toxic or ha�rdous substances by . •.�_
<br /> • • Environmentei Law and tt�2 tollowing substances: gasofine,kerosene,other ilammab�e or tox(c petroleum products,toxic pesUddes 20d • . a;��
<br /> herbicides, volatiie solvents. materials containing asbestos or tormatdehyde, and radioacNre materlals. As used in thfs pazacgap �.,•. • f� �
<br /> 'Environm2ntai Law' mettns tederal laws artd laws of the juris�dbn where the ProAe�tY �s �oceted that retate to heaith, satety or � •�•':�
<br /> environmentel protecdoro. �` _
<br /> NON-UNIFORM CC1'cNANTS. Borrower and Lertder further covenant and agree as toilows: fy,��� :
<br /> 21. Acceteratlon; Remediea Lender s6a1! give nottce to Borrowe� prior 4o acceleration following . �.- � �
<br /> Borrcwer's breach of any cavenan! or agreement in this Security Instrumetrt (�vt not prtor to , ��� ,•.� �
<br /> � acceleratian under paragraph 17 untess applfcable law providea othevwise). The nai3ee sltall s�eaHy.
<br /> (a) the defaul� (b) the actton requlred to cure the aEafaul� (c) a date, not less than 30 days fc�aao the �: � ����: �
<br /> date the notice ts given to Borrower, by which the defauR must be cured; and (c!)tha4 failure *r�cs+re � ; f ;� . � �•
<br /> tha detau[t on o7 before the date sp�cified tn the notice m�► result in acceleratlon of the sums , . ,: � •' . ' �
<br />' secured by thns Security Inst►ument and sale of tha ProP�aty. The notice shall 4urth�r inform � r
<br /> 8 o n a w e r o# t l i e �i gh t to reinstato after acceleration and the riglnt to bring a court action to assert the • � '�' `� y
<br /> • non-a�dstence af a default or any otfier detense of Borrower to acce lo e a t ian an d sa t e. 1�4 h e d e f a u l t i s ,:;
<br /> �� not cured on or bafore the date specifled laf the notice, Lender ai its option may require immedla4e . `
<br /> ecuri instrument withou4 furthe� demand and may , . �.` �ti?' '
<br /> � payment io ful� of afl s��ns secureJ Esy this S ty �;; , _
<br /> invoke the powar of sate and any o2taer remedtes permitted by appUcable Iaw. Lender shap bo �.�. ., __—
<br /> � entitted to �oltect all expena�s tncurro� in pursuin the remedies provided tn t*�'ss paragraph Z1, ; �.��
<br /> 9 '�@---.
<br /> IncG�eEi�g, but no!Qmited to, reasonable attomeys' faes and costs of title evldence. �► •: ,.«,
<br /> '�':;..
<br /> �t the power of sale is inv�oked. Trustee sha90 record a notice of default tn each county io� �vhtch ,r _:• • ;�
<br /> any part a!the Property is taaated and shali mail coptea of such natice in the manrter prescribad �Sy . , : .�-,,�.�
<br /> . �� appltcable taw 4o Borrower and ta the other persons prescribed by applicable law. AfQer the 4imo . • ,;� ..t�• _
<br /> . i required by ap,plcr„able law, Trustee sla�U give publtc notice of sale to the persons and in the man�er . .�����:: �-� .
<br /> � prescribed by applicabte law. Trustee, wlthcut demand on Borrawer, shali seil the Properly at pubtic
<br /> auction !o the higheat blddar at the time and place and under the terma desig�ated in the notice of . ��,
<br /> .� sale in one or more parcels and tn any order Trustee determinea Trustee may postpone sate of all :,:, , �`'°'=
<br /> } or any parcel o# the Property �►y publtc announcement at the time and place of any qreviousty • �.�
<br /> scheduted sale. �endeQ or its deslgree� raay purchase the Property at any salo. '��4=�.•
<br /> j Upon receipt of payment of the Q�r�s bld, Trustee shall de9Wer to the purc6o��r Trostee's deed , • �,�:.
<br /> ! conveying the Pro�erty. The �ecttals tn the Trustee'e deed shall be prima iacte ���enco of 4he truth . .
<br /> � � { ot the atetements maafe t8aeretn. Tnastee sha10 a�aply the proceeds of the sate tn the iollo�+►Ing order. .,_;�;;;;_ •
<br /> (a) to all costs a�d expenses o! exerctsing the power of sate� and the sate, includl�g the payment of �
<br /> � the Trustee's iees actually inaurred. no3 to exceed �.:.: �� �`. S'o ai the principal amount ot the note
<br /> at the time of the declavatton of defauS3, and reaso�abte attorney's tee9 as permi3ted by law; (b) to all • . •
<br /> sums secured by thls Security Instrument; and (c) any excesa t�o the pe►sor� or persons legalfy .
<br /> entitled to it. •
<br /> 22. Reeomeyance. Upon payment of eil sums secured by thls Secudry Instrument.Lender shall request Truatee to reconvey . _
<br /> the Property and shall surtender this Security InsWment and all notes evidencing debl aecured by this Security Instrument to Trustee. .
<br /> Trust¢e sha11 reconvey the Property without wartanty and wfthout charge to the person or petsons Iegaity entitied to it. SucA person or
<br /> persons shail pay eny recordaUon coste. �'-"'
<br /> ' �:-�:.°'�;
<br /> 23. Subs4itute Trustee. Lender, et its optlon, may from time to time remove Trustee and appolnt a successor trustee to I ' ��
<br /> any Trustee appolnted hereunder by an instrument recorded In the county in which thls Seeurity InaUUment ts recorded. YYdhout � .
<br /> conveyance of the Prope►ty, successor trustee shall succeed to alt the title, power and duUes oonferted upon Trustee hereln and by i, �'
<br /> appUcabie taw. ' _•
<br /> 24. Request for Notices. BoROwer requests that coples of the notices o1 defauR and sale be sent to Bortower's address �
<br /> �
<br /> which Is ihe Properry Address. �
<br /> , 25. Rlders to thifl Seeurity Ins4rumont. II one or mo►e riders are executed by Bonower and recorded togelher wRh ' �
<br /> � � thie Securtty Instrument, the covenanfs and a�eements o1 each such rider shail be incorporeted into and shnll amend nnd suppiement . � ��
<br /> � ihe covenants end agreementa ot this Security InsUUment ee if the rider(s)were a paA o1 this Sewdty Inshument. � [.��
<br /> � � �
<br /> � --
<br /> � ' Form 3078 9A0 � .—...:.
<br /> F70?9.LM0 f7/96) Poge 4 of 5 , -
<br /> � .
<br /> . y__.
<br /> �
<br /> �'
<br /> ..�..—.-_.�_ :-s.,
<br /> ---�-�,._. .. . ... . , . � .. .. . , .. '
<br /> ._.
<br /> • .. �. . .. . , . . .. .y., ... .
<br /> .. . . . • . .. . . �' , . . .
<br /> • ' .. . . . v ..,' : .. .. � �. ' . ' '. • . ' , . . ' • � • . .` . , . �.. , .. , .. ? . . � .
<br />
|