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<br /> . < < �� . 9T. Transfer of the Rroperty or a Beneficlai ir�terest in Borrower. If all or any part of tne Property or � � '�
<br /> any interest in it is sold or Vansferred (or if a beneficial interest in BoROwer is sold or transferred and Bortowe►is not a natural - � „
<br /> � � person)wdhout Lender's prior written consent. Lender may.at i[s option. require immed�ate peyment�� tuil of aA sums secured by � • s� - .-
<br /> � � this Securiry Inshument. However.this opUOn shall not be exercised by Lender il exerCise is prohbRed by tederai law as ot the � �� . `
<br /> � � date of this Security Instrument f `
<br /> � ' If Lender execcises this option. Lender shal!gPre Borrower notice of acceleration. The notice shall provide a period ol not tt
<br /> ` ° less than 30 days irom the date the notice is defivered or mailed within which 9orrower must pay au sums secured by this i , , � ' � ` � '� ,
<br /> , . Securdy tnsVument. If Bortower tails to pay these sums prior to the expiraUon o( this penod. Lender may invoke any remedies , .- r'
<br /> � � permitted by this Security Instrument without turther notice or demand on Borrower. �' ,� � �
<br /> � 18. BO►►OW6f S Rlght t0 Reinstaie. It Borrower meets certain eond�tions. 8ortower shaU have the right to have � 4 '
<br /> ` ' ' entorcement of this Security Insirument disCOntinued at any time prior to the earlier aF (a) 5 days (or such other penod as �. _ � . -.
<br /> . _ _ applicable faw may specity for reinstatemenq before sale of the Pruperty pursuant to any power of sale contained in this Security f : �
<br /> InsVUment or (b)entry of a judgment entordrtg this Security Instrument Those condNOns are that Borcower. (a)pays Lender all � RI -_ -_
<br /> -- - sums which ihen would be due ursder ihis Security instrument and the Note as if rto accelerafiort had occurred: {b} cu►es any � k � _ -,,,
<br /> detault of any othe► covenan3 or agreements; (c) pays all expenses incur�ed in enforang this Security InsUument, including. but � , ,.,L� - .
<br />_ . not limRed to. reasonable attomeys' fees:and (d)takes such ae2ion as Lender may reasonably require to assure that the Gen of � �
<br /> this Security/ Instrument, Lenders rights in the Property and Bo►rowers obtigation to pay the sums secured by this Security � _ �. _
<br /> Ins�trument shetl continue urtchanged. Uport reinstatement by Borrower, this Security InsVUment and the obligations secured C� � .-�l�� ..
<br /> - - � hereby shall remain tuI(y eliec6ve as 'rf no acceleration had occurred. However.this right to reinstate shall not appty in the case -� f-.` . ,.
<br /> ` ot acceleratian under paragraph 17. � ' ` � .' �•
<br /> 19. Sa19 Of Note; ChaRge Of LOan SeN�C@G The Note or a a rtial interest in the Note (together with this . � .'f`�--
<br /> Pa � r.;',"
<br /> , :�j Security Instrument) may be sold one or mare times without prior nobce to Borrower.A sate may result in a change in the entity ,,._:,__
<br /> . .1 (known as the 'Loan Serv:cer')that collects monthly payments due under the Note and this Securiry fnstrumenl. There also may , .�'!'"'•�T.•
<br /> _ ' . be one or more changes of lhe Loan Servicer unrelated to a sale of the Note. tf there is a change of the Loan Servicer. ` `���
<br /> ' � , • Borrower wi0�e given written notice of the change in accordance with paragraph 14 above artd applicable law. The nntice will .. � �
<br /> . state the name and address oi the new Loan Servicer and the address to which payments should be made. The notice will also -,�_:„
<br /> corrtain arry other intortttation required by applicabla law. ���1 -
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<br /> � 20. Haza�dOUS SubStBnCes. Bortower shalt not cause or permit the Rresrnce. use, disposal.storage. or release ai
<br /> , _ any Harardous Substances on or in the Property. BoROwer shall not do, oor allow anyane else to do.anything aftecting the � .,'�=��,",
<br /> � Property that is in viotation o1 any Environmentel Law. The preceding two sentences shall not appfy to the presence, use, or __.._r ' s°,.�;�
<br /> �� . ` storage on the Property of small quanMies of Hazardous Substances that are generally recognized to be appropriate to nortnaf " -��E�=;�
<br /> � residendal uses and to maintenance of the Property. ;'�.``���°`
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<br /> _• � Borrower shall prompty giue Lender written notice of any invesUgation. claim, demand. Iawsuit or other action by any '.�•.•r•.., ._�,
<br /> govemmental or regulatory agency or private party invoNing the PropeAy and any Harardous Substance or Environmental Law ot _ - r;.�;�,
<br /> . which Bortower has actual knowledge. It Bonowe► leams, or is nodfred by arry govemmental or regulatory authoriry. ihat any -- --.�°,-�,-�z+;,_
<br /> � removal or other remediation o( any Hazardous Substance affecting Property is necessary. Borrawer shall promptly take all , ._;,; �= s 5?`:
<br /> � r . .r._..� _:.
<br /> j necessary remedial actions in accordance wRh Environmental Law. ; ��,�;z�l.,�:
<br /> , ? As used in this paragraph 20. "Hazardous Substances°are those substances d�ned as toxic or harardous substances by • � S,.Y-:'�_.,
<br /> ' ' i Environmental Law and the following substances: gasoline. kerosene. other flammable or to�dc pehateum products, toxic ' . ±��'.}�+;"r_:
<br /> �r ;, pesticides and herbicides.valatile soNents, materials containing asbestos or fortnatdehyde.and radioactive materials. As used in ' •:: �i,,t§,
<br /> � paragraph Z0. "Environmental law" means federal Iaws and laws of ibe Jurisdiction where the Property is lopted that relate to ' . :�;�;;ii'.
<br /> � health,safery ar environmentat protection. °'��� �
<br /> e ' � NON•UNIFORM COVENANT3. Borrower and Lender further covenant and agree as follows: " �`"r`:��;`��-'
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<br /> .' -1� 21. Acceleratlon; Remedios. Lender shall give notice to 8orrower prior 4o acceleration -, . ; ,:'1.,T;
<br /> . � followirtg Borrower's breach of any cavenant or agreement in this Securtty Inst�ument (but not _ °:�,�
<br /> prlor to acceteratlan under paragrapb 17 unless appUcable Iaw provldes oiherwlse). The notice ,�:�i':='�
<br /> :, � �. shall specify: (a) the defauit; (b) the action required to cure the defautt; (c) a date. not less than ' , �°.��.
<br /> . ,, 30 days from the date the notice is given to Borrower. by wf�lch the de9ault must be cured; and � .�;�
<br /> (d) that tailure to cure the default on or before the date speciffed in the notice may resu(t in •
<br /> � acceleration of tbe sums secured by this Securlty Instrument and sata of the Property.The notice � ' '�`�
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<br /> _ shall lu�ther inform Borrower of the rlght to reinstata after aeceleration and the right to bring a -
<br /> .•.,. � � court action to assert the non-existence of a default or any other detanse o! 8orrowe► to : •_ `�: •
<br /> acceleration and sate. If the defautt ls nat cured on or before the date specifted in the notice.
<br /> . Lender at its option may require immediate payment in full of all aums secured by this Security : "
<br /> • • � Instrument without further demand and may invoke the power of sale and any other remedtes � : •
<br /> permitted by applicabte law. Lender shall be entitled to colleat all expenses incurred in pursuing f'
<br /> . . � the remedies provlded in this paragraph 21. including, but no! limited to, reasonabte attorneys' • �. .. ,
<br /> tees and costs of title evidence. , •
<br /> � If the power of sale Is invoked. Trustee sha11 record a notice of detault in each county in ' ' ' :
<br /> which any paR of the Property is located and shall mail copies of such notice in the manner
<br /> ' � prescribed by appUcable law to 6orrower and to the other persons prescribed by appltcable law. . �
<br /> ' � ' After the time required by applicable law. Trustee shall give public notice ot sale to the persorts . -- .� .
<br /> "�� and in the manner preserlbed by applicable law. Trustee, without domand on 8or►ower� shall sell ....
<br /> I the Property at public auction to the hlghest btdder at the time and place and under the terms � . ; .
<br /> � , designated in the notice ot sale in one or more parcels and in any order Trustee determines. �
<br /> - ,� Trustee may postpone sale of all or any parcet of the Property by public announcement at the .
<br /> , ' time and ptace of any previously scheduled sate. Lender or lts designee may purchase the .
<br /> � Property at any sale. ' .
<br /> , Upon receipt of payment of the price bid, Trustee shatl deliver to the purchaser Trustoe's I .
<br /> � deed conveying the Property. The recitals in the Trustee's deed shall be prima facle evidence of
<br /> � '• the truth of the statements made therein. Trustee shall appty the proceeds of the sate in the
<br /> fotlowing order. (a) to all costs and expensos of exercising the power o! sate, and the sale, . .
<br /> `s ; including the payment of the Trustee's fees actually incurred, not to exceed 3.00
<br /> : � % of the principal amount of the '
<br /> note at the time of the declaration of default, and reasonahle attarney's fees as permitted by law; � °
<br /> : _ (b) to att sums secured by this Security Instrument; and (c) any excess to the person or persons .
<br /> i ' legally entltled to 1t. f � :
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