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<br /> _ • 16.Bonower s Copy.Borrawer shall be given one conformed copy of the\iote and o ttus Secunty nstrvment. • ; ', � , �
<br /> 17. Trans[er of the Propert or a Benefici�l Interest in Borrower. If all or any part af the Property or any •
<br /> • interest in it is sold or transferred�or if a beneficial interest in Borrower is sold or transferred and Borrower is not a ` ' •
<br /> natural person)without Lender's prior written consent,Lender may,at its option,require immediate payment in full of f . ; " � �
<br /> . all sums secured by this Security Instrument.However, this option shall not be exercised by Lender if esercise is �
<br /> prohibited by federal law as of the date of this Sec�rity Instrument. t ` ' •
<br /> If I.ender exercises this option,Lender shall give Borrower notice of acceleratian.The nouce shall provide a perio3 __. __ ._ _
<br /> of not less than 30 days from the date the notice is delivered or mailed within which Bonower must pay all sums secured � '
<br /> by this Security Instrument.If Borrower fails to pap these sums prior to the expiration of this period,Lender may invoke . '
<br /> any remedies permit�ed by this Security Insuument without further notice or demand on Bonower.
<br /> 18. Bonower's Right to iteinstate.If Borrower meets certain conditions,Bonower shall have the right to have � .•. '�r-�
<br /> enforcement of Lhis Secunty Instrusnent discantinued at any time prior to the earlier of:(a)5 days(or such other prriod --- ' - � -�
<br /> as applicable law may specify for reinstatement}befo:e sale of the Property�ursuant to any power of sale contained in � . � °
<br />' this Security Instrument; or (b) enuy of a judgment enforcing this Secunty Instrument. Tho�e conditions are that • , �;
<br /> Borrower. (a) paqs Lender all sums which then would toe due under this Securitq Instrument �d the Note as if no " � '
<br /> ` acceleration had occurred• (b)cures any default of any other covenants or agreements;(c)pays ail espenses incuned in '�'��
<br /> � enforcing this Securitq Instrument,including,but not limited to,reasonable attomeys'fees;and(d)takes such action as � ,''�;.:':: - :..-:��.�
<br /> Lender may reasonablp re�uire to assure that the lien of this Security Instrument,Lender's rights in the Property and :�� �`:'��:" "�"�'s'!e'+�
<br /> � Borrower's oblipation to pay the sums secured by this Se�urity Instcument shall continue unchanged.CTpon reinstatement € ; ; - "—
<br /> by Borrower,tlus Security Instrument and the obligations secured hereby shall remain fullq effective as if no acceleration .
<br /> had occuned.However,this right to reinstateshall not applq in the c�se of acceleration under paragraph 17. � ' �
<br /> 19.Sale of Note;Change of Loan Setvicer.The Note or a partial interest in the i�Tote(together with this Security ' .•:;,��`
<br /> Instrument)maq be sold one or more times without prior notice to Borrower.A sale may result in a change in the entity � E- . t
<br /> (known as the"Loan Servicer")that collects monthly payments due under the Note and this Sec�mty Instrumen�There • . � K� -
<br /> !:� also may be one or mare chaz�ges of the Loan Servicer unrelated to a sale of the Note.If there is a change of the Loan '_ ° • _:�'�'�
<br /> Servicer,Borrower will be given written notice of the change in accordance with paragraph 14 above and applicable law. —
<br /> ' � The notice will state the name and address of the new Loan Servicer and the address to which payments should be made. _ ': �^� �
<br /> The notice wili also contain any other information required by applicable law. i , , ; �`
<br /> 2 0. H a z a r d o u s S u b s t a n c e s.B o r r o w e r s h a l l n o t c a u s e o r pe r m i t t h e p r e s e n c e,u s e,d i s p o s a l.s t o r a g e,o r r e l e a s e o f � �.� � �`�'�� • ."''''
<br /> any Hazerdous Sutsstancea on or ia the Pro�rty.Borrower shal i not do,nor allow anyone else to do,anything affecting ' • ^�' � . _-
<br /> the Property that ia in vialation of any Environmental[.aw.The preceding two sentences ahall not apply to the presence. i + �5''
<br /> use, or storage on the Property of small quantities of Hazardous Substances that are generalty recognized to be � � � '
<br /> appropriate to normal tesident�al uses And to maintenence oi the Property. • � '�� � ' . ��
<br /> Sarrower shall promptly give Lender written notice of any inveatigation,claim,demand.lawsuit or other action by ' � ;���� , —
<br /> any governmenwt or regulatory agency or private party involving the Property and an�r Hezardous Substance or f, �
<br /> Bnvironmental Lacv of which Borrower has actual knowledge.If Bonower learns.or is notified by any govemmental or . '�._; —
<br /> regulatory suthority, that any removal or other reraediation of any Fiazardous Suhstance affecting the Property is . ��
<br /> neces9ary.Borrower shall promp tl�tske all necessary remedial actions in accordance with Envimnmental Law. �• ' �'�' `ir
<br /> As used in this parsgraph Z0, Hazardous Substances"are those substances defined as toxic or hazardous substances _k€�. ' � �.
<br /> bq Environmental Law and the following substances:gasoline.kerosene,other flammable or toxic pettoleum products, -- , ��
<br /> tosic pesticides and herbicides, volatile solvents� materials containing asbestos or formaldehyde, and radioactive ;;,�. . �t �_
<br /> matenals.Aa used in this paragraph 20,"Environmental Law" means federal laws and laws of the�urisdiction where the .� `-=
<br /> r��:--
<br /> Property is located that relate to health,safety or environmental protertion. • � �r�r. -
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<br /> NON-UNII�ORM COVENANTS.Borrower and Lender further covenant and agree as follows: . . '•#f��
<br /> 21. Acceleration• Iteasedies. Lender shall giv� notice to Bonower prior to acceleration following -
<br /> Bonower's breach o4 any covenant or agreement m this Securitq Instrument (but not prior to acceleration �-��;
<br /> ' under paragraph 17 unless ap�licable law provides otherwise).The notice shaU specify:(a)the defaul4;(b)the � . �:.=.
<br /> action�equ�red to cure the default; (c) a date, aot less than 30 days from the date tl�e notice is given to y' �—
<br /> Borrower.by wLich the default must be cured;and (d)that failure to cure the default on or betote thc dste ~.' a���
<br /> s�p ied in the notice msy result in acceleration ot the sums secured by this Security Instrument snd ss1e of • • -
<br /> tfte ProperYy.The notice shall fusther iaform Sorrower of the right to reinstate after acceleration and tbe � �'�:�
<br /> right to bring a court action to assert the aoa�xistence of a default or any other defense of Borrower to �. � •
<br /> ,, acceleration sad sale. di the�efault is not cured on or betore the date specified in the notice, Lender. ai ita �,. y e L
<br /> optioa, may require immednate poyment in full of all sums secured by this Security Instrument without � . �
<br /> further demand and may invoke the power of ssle and aay other remedies permitted by applicable law. �^, :,'""' —��
<br /> Lender shall be entitled to collect all eapenses incurred in pursuing the remedies provided ia this paragraph .. �'�
<br /> 21.including.but not limited to.reasonable attomeys'iees and costs of title evidence. � •�`'`' _
<br /> If tha power of sale is invoked,Trustee shall record a notice of deisult in each county in which any part of ':; : . � �.
<br /> the Property ia located and sha11 mail copies of auch notice ia the manner�rescribed by appliceble law to ' �• . r �
<br /> Borrower and to the other persons prescribed by applicable law.After the t�me require�by applieable low. � �
<br /> Trustee ahsll give public notice of sale to the persoas and in the maaner prescribed by ap�+Eicable law.Trustee. . • . � � �
<br /> withoot demand on Borrower,shall sell the Property at public suction to the highest bidder at the time snd • '
<br /> � place and under t6e terma designated in the notice of sale in one or more parcels snd in any order Trustee � • i
<br /> � determines.Trustee may postpone sale of all or any parcel of the Property by public aanouncement at the .
<br /> time and place of any previously scheduted sale. Lender or its designee may purchase the Property at any
<br /> sale. �
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<br /> � Ferm 302 ,9/90 �
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