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. . . . . . . . .... . _ .. . :��
<br /> ' , . . , � � i , ° , . � � . �_�.-_
<br /> • 17. Transfdr of the Propertyt or a �eneficfaf Interest in Borrowar. It all or any part ot the Property o� � , � a�'�-
<br /> any mterest m R is sold or transterred (or A a benefiaal �nterest m Bortower �s sold or lransterted and Borrovler�s not a naiurrzl f • .
<br /> � perso�l wrthout Lenders pnor wrrtten consent. lender may.at Rs option reqwre:mmediate payment m tuli ot al!sums secured by , ;
<br /> • th�s Secunty �ns[rument However. this opLOn sha�i not be exerdsed ny lender d exercise is pruhibrted by tederai �aw as af the
<br /> date o1 this Security InsWment . �`�
<br /> � If Lendet exerases this option. Lender shall grve Bortower notice ot acceleraUOn. The noUce shall prov�de a penod ot not •
<br /> less than �0 days trom th� date the not�ce as deinered or ma�led wrthm which Borrower must pay all sums secured by this� , � . -
<br /> ; Security Instrument. It Bortower taiis to pay these sums prior to the expfration ot this penod. Lender may invoke any remed!e� I, � .• �,
<br /> , s pertnrtted by this Securrty Insbument without tuRher not�ce or demand on Borrower K � �°
<br /> ; �8. Borrower'8 Right EO Rein&t8t0. �f BoROwer meeu cenam condiuons. Borrower sna�l na�e the nght to haret�a t . •
<br /> • enforcement ot this Secunty �nsWment discontinuetl ai any time pnor to the ear6er ot (a) 5 days �or such other penod as n ,
<br /> appl�cabte law may specdy tor reinstatement)betore sale of the Property pursuant to any power af sa1e containet1 in th�,s Securrty M ' :
<br /> � InsVume�l: or (b) entry of a �udgment enforcmg th�s Securrty Instrument. Those conditions are that Borrowec �a) pays Lender alir � _ , —
<br /> sums which then would be due under th�s Securiiy Instrument and the Note as ii no acceleratlon had occurred: (b) cures any�
<br /> /j defautt of any other covenant or agreements: (c) pays al! expenses �ncierred m entorGng this Secunty Instrument, mduding. but� •
<br /> ! not Iimi[ed to. reasonable attomeys fees: and (d) takes such action as Lender may reasonably reqwre to assure that the lien of� (�;-
<br /> � this Securiry Instrument, Lender s oghts in the PropeRy and Bortower's obligation to pay the sums sewred by th�s Security -^ ��
<br /> fnswment shatf continue um:hanged• Upon rcinstatement by Borrov+res. this Security �nstrument and the obiigat�ons secured .
<br /> hereby shali remain tulty effective as il no acceleration had occuRed. However.th�s nght to reinstate shall not apply�n the case , - . _
<br /> h 17. ;,�= z.. ;��.
<br /> � of acceleration under paragrap =
<br /> 19, Ss19 Of Note; Change of Loen SetviCer. The Nute or a a parUal mterest m the Note (together with this
<br /> `_,� � i��:: --
<br /> � Securily InsWmEnt) may be sold one or more times wRhout prior noUCe to Bonower A sale may resutt m a change m the enUry ,�_j�i-=�'„
<br /> i (known as the'Loan Servicer')that collects monthiy payments due under the Note and th�s Secunty Instrument. There also may _�...;�
<br /> • + be one or more changes of the Loan Servicer unrefated to a sale of the Note If there is a change of the Loan Servicec ' �.�,:• . .�'
<br /> � Bortower will be given written notice of the change in accordance with paragraph t4 above and applicabte Iaw. The noLCe will �e •_ T
<br /> � state the name and address of the new Loan Servicer end the address to which payments should be made. The noUce will also `���-t��•+K�-��
<br /> •i;�•
<br /> � � contain any other infortnation required by appiicable law.
<br /> �`'�s._:--�
<br /> �� _ 20. Hazardous Substances. Borrower shall not cause or pertnit the presence, use, disposal. storage, or release of . �.�_,„;
<br /> �_�_.
<br /> . any kz�rdous Substances on or in the Property. Borrower shaA not do, nor allow anyone else to do, anyEhing affecting the � ,f__—
<br /> " ProF�} that is in violatioo of any Environmental law. The preceding two sentences shali not appty to the presence. use, or -��
<br /> •'c, storage on the P►operty of small quantities of Hazardous Substances that are generally recogn¢ed to be appropnate to nomral ,�
<br /> ' residential uses and to maintenance of the PropeAy. �� �_�
<br /> ;. � � .r. ran;u.��•,.: _
<br /> Borrower shall promptly give Lender written no5ce ot any mvestigaUOn, claim, demand, lawsuR or other action by any ��� . ._�.,{
<br /> � govemmental or regulatory agency or private parry invotving the Property and any Hazardous Substance or Enwronmental lsw of �`
<br /> ._ �r
<br /> which Bortower has actual knovdedge. if Bortower leams, or is notfied by any govemmental or reguiatory authonty. that any �- � �
<br /> ' � removat or other remediaUon of any Hazardous Substance aNeding Property is necessasy 3orrower shail promptly take au '.,
<br /> ; { necessary remediai acto�s in accordance with Environmental Law. '��� ,'
<br /> : " � As used in this paragraph 20. 'Hazardous Substances' are those substances defined as toxic or hazardous substances by �:� �
<br /> Environmental law and the foilowing substances: gasoline. kerosene, other flammable or towc petroleum products, towc y�,,
<br /> : , � pestiades and herbiddes, voiatile soNe�ts. materials containing asbestos or formaldet�yde, and radioactive materials. As used tn •� ,�
<br /> paragraph 20. 'Environmental l.aw' means fedeml laws end laws of the jurisd�cUon where the Property is located that relatz to ;' ! ,�...:
<br /> :�'� ? ,�`
<br /> heatth. safety or environmental protection. �
<br /> • • NON-UNIFOAM COVENANTS. Borrower and Lender turther covenant and agres as follows: ._ _ ��1. '
<br /> 21. AcceleraUon; Remodios. Lender shall give notice to Borrower prior to acceleration f� �.
<br /> ' • � foltowing Borrower's breach of any covenant or agreement in this Securtty InstrumeM {but not �', '''�',
<br /> ..�:��_ _ .
<br /> . prior to acceleration under paragraph 17 unless applicable law provldes otherwise). The natice . ��.-�+.,
<br /> shall specify: (a) 4he defaul� (b) the action required to cure ffie defautY; (c) a date, not less than ���
<br /> 30 days trom the date the notice is given to Borrower. by wfiich the default musS be cured; and _ •
<br /> � (d) that failure to cu�e the default on or before the date specifled in the notice may �esutt in � '.;,.
<br /> accetendion of ths sums seeured by this Securtty Instrument and sale of the Property.The notice . :�;.����-
<br /> s�aalf further iniorm 8orrower ot the rtght to reinstate after acceleratton and the right to brdng a __
<br /> court action to assert the non-ex3stence af a defautt or any other defense of Borrower to - - -_ _,
<br /> aaceleration and sale. ff the defaut� is not cured on or bafore the date specifie� In the n�i�ce, ` �`�'..
<br /> Lender at tts option may require �mmediate payment ln fu11 of all sums secured by/this Security , • ���^�:�.,. :=-
<br /> Instrument wltbout fu�Qher demand and may invoke the power of sale and any other remes�tos �-
<br /> � permit4ed by applicabta law. Lender shatl be entitled to collect all expe�se3 incurred in pursuing .'.;,'__..' ',�!"'° �"
<br /> the remedles provided in this paragraph 21, including. but not Umited to, reasonable attorneys' . � ,�;;,_
<br /> , fees and costs of title evtdenco. —��
<br /> � � If the poi°uer of sale is invoked. Trustee shall reeord a notiae of default in each county tn ' '
<br /> � which any paR of the Property is located and shall mail copies of such notice In the manner .
<br /> prescribed by appticabte law to Borrower and to tha other persons presaribed by appllcable law. , . .
<br /> ARer the time requlred by applicable law, TrusQee shall give publlc notice of sate 4o the persans v
<br /> ' . and in the manner prescrlbed by appllcable law.Trustee, wtthout demartd on 8orrower. shall sell �
<br /> the Property at public auction to the highest bidder at t9ie time and place artd wr�der t0�e terms . • �
<br /> � d�slgnated in the notice of sale in one or more parcels and In any order Trustee determines. . i
<br /> Trustee may postpono sate of att or any parcel of the Properly by public annauncement a! the _
<br /> tZma and place o! any previously scheduled sale. Lendor or its d�signee may pa�rchase the �._-
<br /> • Property at any sale. • . �=
<br /> � Upon receipt of payment of the prtce bid, Trustee shatl deUver to the purchaser Trustee's �.
<br /> deed cenveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of
<br /> the truth of the statements made therein. Trustee shall apply the proc�eda of the sale in the
<br /> � following order. (a) to all costs and expenses of exe�cising the power of sa1e, and th9 sale. . ��
<br /> ��
<br /> including the payment of the Trustee's fees actually incurred. not to oxceed thres
<br /> ' 9'0 of 4he pr3ncipal amoun4 oi 4he . �—�'
<br /> • note at the time of the declaration of deisult. a�d reasonable attorney's fees as permitted by law; �� �
<br /> (b) to all sums secured by this Security Instrument; and (c) any excess to the person or porsons ' �
<br /> legally entitled to it. I �_
<br /> . 6`.-�y � �
<br /> =�ai5_��na��9n �.��,. o .f , � . �
<br /> •�°._-
<br /> i5�71 ,
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