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<br /> ` `�. . ' •` . or a Beneficial Iuterest In Borrower.lf a11 or any part of the Property or arey interest in it �Y; �:'. ` ` ``•t.`.
<br /> .. . 17.Traacfer of t[�e Property . . - -
<br /> � is sold or transferied Ior if a beneficial interest in Borrower is sold or u�ansferred and Borrower is not a natural person)without � _
<br /> � ' L.ender s prior written cansent. Lender may. at iu option, require iuunediate payment in full of all sums secured by this �i .,�;; < <
<br /> _ � Security Instrument.However,this option shall not be eaereised by Lender if eaercise is prohibited by federal law as of the date •� , ,' , .;
<br /> -�"` of this Security tnstrument. `;`� -- ��.
<br /> If l,ender exercises this option,Lender shall give Borrower nauce of acceleration. The notice shall pmvide a period of not , ,
<br /> � less than 30�iays from the date the notice is delivered or mailed �vithin which Borrower must pay all s�uns seeured by this . `' r. .,: ,, � _
<br /> , : �. Security Instrument.If Borrower fails to pay these sums prior to the expirarion of this period.Lender may invoke any reme�ies ,:��,',
<br /> . permitted by this Security Ituuuument without further notice or demand on Borrower. :,� .:, �
<br /> ' I8. Borrnrver's Rlght to Reinstate. If Borrower meets certain condidons. Borrower shali have [h� right to have - :
<br /> . ' enforcement of this Security Instrament discontinued at any time prior to the earlier of: (a)5 days (or such other period as `. ``�`•:;�`�
<br /> ' ' � applicable !aw may sperify for reinstatement) before sate of the Property pursnant to anY Paw'ef af sale oontained in this . 'Y. . :. � �.�.�.o.;
<br /> ' Security[nstniment:or(b)entry of a judgtnent enforcing this Security Instrument.Those conditians are ttiat Sorrower. (a)pays �`��� � i�;�::
<br /> � Lender ali sums which then would be due under this Security InsUVment and the Note as if no acxeleration had occurred; (b) �",,;.` :°'r�':
<br /> •° � cures aay default of aay other covenants or agreemenu: (c)pays all expenses incurred in enforcing this Security Inswment, '•' '
<br /> including. but not limited to,reasona6le attarneys' fees;and(d)takes such action as I.ender may reasonably requ�re to assure • ,���r
<br /> �, : < �,, —�.: ..
<br /> • that the lien of this Security Instrument. L.ender s rights in the Property and Borrower's obligation to pay the sums secured by
<br /> �-
<br /> � � this Security Instrument si►all continue unchanged. Upmi reinstatement by Borrower, this Security Instrument and the . , .±Y -_,_
<br /> ' obligations secured hereby shall remain futly effective as�f na acceleration had occurred.However,this right to reinstate shall _ :;,�.�e;r�:-,
<br /> �. not apply in the case of acceleration under paragraph 17. , � �°`.•:=�._.
<br /> 19. Sale af 1ltote; Change oY Loan Servicer. Tha Note or a panial interest in the Noie fwgether aith this Secvrity ' '
<br /> . .. �-- Instrument)may be sold one or more times without prior notice to Borrawer.A sate may resutt in a change in the entity(known -•��=. �-_=__
<br /> as the"Loan Servicer">that collects monthly payments due under the Note and this Security Insmiment.There alsp may be one �, 't,=___
<br /> � - or more changes of the Loan Servicer unrelaied to a sale of the Note.lf there is a change of the Loan Servicer.Borrower will be • °-�•; y
<br /> s.' � given�vritten nauce of the change in accordance with paragraph !4 above and applicable law.The notice will state the name and ,; ����
<br /> address of the new Loan Servicer and the address to which payments should be made.The nouce will also contain any other ,.�',L �_:1:,-. -
<br /> . .. � �:���{ inforniauon required by applicable faw. • .'>'-"�,:1---��—
<br /> ,.{ 20. Hazardot� Substances. Borrower shall not rause or permit the presence, use,disposal, storage.or release of any .;;r;� `
<br />= � � Hazardous Substances an or in the Property. Bormwer shall not do, nor allow anyone else to do, anything affecting the ,:.:�.�
<br /> � . � xi ' Pcoperty ihat is in violation of any Environmental law. The preceding two sentences shall not apply to the presence.use,or . _____
<br /> � ' . � storage un the Property of small quanuties af Hazardous Substances that are generally recognized to be appropriate to normal __
<br /> " � residential uses and to maintenance of the Property. • ----
<br /> � � • ' Borrower shal!promptly give Ixnder written nopce of any investigation,claim. demand. lawsuit or other action by any .
<br /> � � � , governmental or regulatory agency or private party involving the Property and any HaTardaus Substance or Environmental I.aw . _. � __�
<br /> , of which Barrower has actual knowledge.If Borrower leams,or is notified by any govemmental or re�vlatory authority, that
<br /> � . : any removal or other remediation of any Hazardous Substance affecting the Property�s necessary.Borrower shall promptly take _ ��'�;•
<br /> ' all necessary remedial actions in accordance with Environmenta}Law. '�;��`�-
<br /> ' � '. ' As used in this paragraph 20. "Hazardous Substances" are thosc substances defined as toxic or hazardous substances by , �.�.
<br /> - � ' • ' � Enviranmental Law and the following substances: gasoline. kerasene, other flammable or toxic petroleum products, toxic . =
<br /> �� � .' pestirides and herbicides,volatile solvenu,materials containing a�bestos or formaldehyde.and radioactive materials.As used in . ���!`�_�'
<br /> .' this paragraph 20. "Environmental Law" mcans federal laws and laws of the jurisdiction where thc Property is located that ;,�;i„�,-.
<br /> relate to hcalth,safcty ar cnvironmenta!protection. ,� a`'�`
<br /> ' NON-UNIFORM COVENANTS.Borrower and Lender further covenant and agrec as follows: •±�t�
<br /> ' 21.Acceleration;Remedies.Lender shall give�ottce to Borrower prior to acceleration foltowing Borrower's breach w�=-
<br /> � • • of any covenant or agreement in this Security [nstrument (but not prlor to acceteratIon under pa�raph 17 naless
<br /> ' . �:,y�;.
<br /> � . • appftcable facv provides othenvise).The notice shafl specify: (s►)the ttefault; (b)the action require�to cure tAe default; :;..,� .. �., .;
<br /> • �'• (c)a date,rtot tess than 30 days i'rom the clate the notice is�iven to Borrotiver�by whtch the detauit mu.4t 6e cured;And --
<br /> � ' (d) that failure to cure the default on or before the date specifed in the notice may resuit in acceleration oY the sums '. •'`,_ `�•'-
<br /> • � •��' secured by this Security Instrument and sale of ths 1'mperty. The notice shall further inform Borrowee af the�fgi�t to . �;`
<br /> � ` reinstate after acceleration and ttec�tght to bring a court action to a�.sert the non-exjstence of a default or any other
<br /> � � defense of Borro�ser to acceteration and sale. IP the dePault is not cured on or before the date speciiied in the nottce, � � "•t=
<br /> �f I.ender. at itc option, may require immedlate payment in full of all sums secured by this Security Instrument wlthout ,
<br /> ' further demand and may invokc the po�ver of sale and any other remed}es permitted by appliqbie la�v, Lender shall be ,
<br /> - � . � entiNed to collect all expens�incurred in pursuing the remedics provided in this paragraph 21.including.bat not limited .
<br /> � '� � to.reasonabie attorneys'fces and cosls of title evidence. � ' . �
<br /> IP the power of sate is invoked. Trustee shall record a notice of default in each county in�vhich any part of the , .
<br /> - � : ; Property is tacatcd and shall m�il copies of such notice in the mAnner prescrihed by upplicable law to Bono�ver and to • . • _ .
<br /> the�ther persons prescribed by applicable la�r•.After the time required by applicable law,Trustee shall�ive publtc notice
<br /> • '� of sale to Ihe personc and in the manner prescrtbed by applipblc law.Trustee. «�ithout demand on Borroa�er. shall scll .
<br /> � � F the Property at public auctiun to ttie hi�hest bidder at ihe time and place and under the termv d�i�nated in the notice of .
<br /> • sale in one or more parcel�and in any order Trus�tee determin�.'frustee may postpone sale of all or any parccl of the .
<br /> � � prnpehy by public announcement ut the time and place of any previously scheduled sale. Lender or its desifince may , • .
<br /> . � purchase the Property at any salc. : , ..
<br /> , . ,
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