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<br /> � ... .. _.�_. ,_...__..—' . ...... _. ' . �i• � ` ��
<br />, .� � • ' • . r � c ��
<br /> 97- ��i��3 , �, �. .
<br /> � i 1T.Transfer of the Property or a Beneffcial Interest(n Borrower.If all or any part of the Property or any interest in it � • • . � _
<br /> � is sold or transferred(or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person)without � , ::
<br /> + Lender's priur written consent, L,ender may, at its oprion, require immediate paytr_ent in full of all sums secuted by this E ,, ,,:
<br /> Security Insuvment. However,this option shall not be exercised by Lender if exercise is pmhibited by federal IaNr as of the date , , , , . , :
<br /> • of this Security Inscrumenc. . � � `
<br /> If Lender exerrises this option,Lender shall give Borrower noace of acceleration.The natice shall provide a period of noc . ._
<br /> less than 30 days from the date the nouce is delivered or mailed within wtuch Borrower must pay all sams secured by this ,
<br /> Security Instrument. If Borrower fails to pay these sums prior to che ex�iration of this period, Lender may invoke any remedies � �`
<br /> permitted 6y tlris Security Instrument withoat fiuther norice or demand on Baaower. . . • ' . �
<br /> 18. Borrower's Right to Reinstate. If Borrower meets certain conditions. Bortower shall have the right to have ,
<br /> enforcement of this Security Insuument discontinued at any cime prior to the earlier of: (a)5 days (or such other period as � :�'
<br /> __ applieable law may specify for reinstatement) before sale of the Properry pursuant to any power of sale contained in this '�.
<br /> Security Insuument;or(b)entry of a judgment enforcing[his Securiry Instrument.Those conditions are that Borrower:(a)pays . ,
<br /> Lender all sums which then would be due under this Security lnstcument and the Note as if no acceleratian had occutted; (bi , , . , �
<br /> • cures any default of any other covenanis or agreements; (c)pays all expenses incurred in enfoncing this Security Instrument, , •
<br /> including, but not limited to,reasonable attorneys' fees; and(d)takes such action as Lender may c�easonably require to assure �
<br /> that the lien of this Security Instrument,Lender's rights in the Property and Borrower's obligarion to pay the sums secured by .
<br /> this Se�urity tnstrLment shall continue unchanged. Upon reinstatement by Borroa�er, chis Securiry Instrument and the ,• • - • - - .�
<br /> obligations se�ured heteby shail remain fully effective as if no acccleration had occurred. However, this nght to reinstate shaq , .
<br /> not apply in the case of acceleration under paragraph 17. � ' �' --�F;,��;'
<br /> 19. Sale of Note: Ctjange of Loan SErvicer. The Note or a partial interest in the Note (toge�her�vith this Securiry ( _ ,�;�:a-.-_
<br /> Instrument)may be sold one or more times without prior notice to Borrower. A sale may result in a change in the enaty(known �_,.,,,;;,;"�=
<br /> as the"Loan Servioer")that colleccs monthly payrnents due under the Note and this Secunty Insnvment.There also may be ane '.��;�. ,--;�. :;,.
<br /> or more changes of the Loan Servicer unrelazed to a sale of the Note.If there is a chauge of the Loan Servicer,Borrower�+ill be • _
<br /> ' given written notice of the change in accordance with paragraph 14 above and applicable law. The noace wiU state the name and . � _,
<br /> addr�s of tha new Loan Servicer and the address to which payments should be made.The norice will also wntain any other � � •r��'��
<br /> 1.a��..*�
<br /> information required by appGcable law. � •_
<br /> 20. Ha7ardons Substances. Borrower shall aoi cause or permic the presence, use, disposal. storage, or release of any . ��,__��
<br /> •• Ha7ardous Substances on or in the Pcoperty Bormwer shaU aot do, aor allow aayone else to do, anything affecting the y�
<br /> Property that is in violatioa of any Envimnmental Law. The precedin�two sentenr.es shall not apply ro[he presence, use, or � _ '-J- '
<br /> stonge on the Property of small quantities of Hazardous Substances that are generally recosnized to be appropriate to aormal '�' �'
<br /> residential uses and to maintenance of the Property. � �
<br /> Bonower shall promptly give!eader writ[en notice of any invescigation, claim, demand, lawsuit ar other action by any • ��.�. '�"��
<br /> a•>:,
<br /> govetnmental or regulatory agency or private party involving the Propeety and any Haxacdous 5ubstaace or Environmental Law '-,�� :�•
<br /> � � of wttich Boaower has actual knowledge. If Bonower leams,or is notified by any govemmental or rcgulatory authority.that __.__ - —
<br /> . any removal or other remediatlon of any Ha�udous Substance affe�ting the Propecty is necessary,Botrawer ahall promptly take �� �
<br /> ,. ,'�1�—_
<br /> ' • all necessary rrmedial actions in accordance wish Envitonmental Law. , a
<br /> As used in[his paragraph 20. 'Hazardous Substances' are those substances defined as toxic or hazardous substances by �• �.., � �,; �.��; ;:--:=
<br /> • Eavironateatal Law and the followiag substaaces: gasoline. kerosene. ather flarmnable or roxic petroleum products, toxic
<br /> ' ,
<br /> � pesticides and herbicides,volatile solvents,materials containing asbestos or formalde6yde,aud radioacQive materials.As used in `�,��,=
<br /> ; , this paragraph 20. "Euvironmental Law" means federal laws and laws of the jurisdicuon where the Property is located that � !y.��%�
<br /> relate to health,safery or environmental proteaion. � •��
<br /> •t NON-UNffORM COVENANTS.Borrower and Lender further covenant an d agree as fo uows: �"� ' i�:j,: �
<br /> � 21.Acceleration;Remedies.I.EUder s�all give nottce W Borrower priorto acceleration folDowWg Barrower's brearh ,;� �E•._
<br /> of any covenant or agreement in t6is �ecurity Instromen4 (but not prIor to acceleration under pa�agrap� 17 unless _;, .. —
<br /> � appllcnble law pmvldes otherwise).The nottce shall specify: (a)the default;(b)the actlon required to cure the defaalt; ° ;�-�_�
<br /> ' . (c)a date,not less t6aa 30 days Prom the date the nottce is given to Borrower,by whtcb the default m�ut be cured;and ���'���"
<br /> (d)that faiime to cure the default on or before the date spec��ed in the notice may result In acceleration of the sums :�
<br /> � secvred by tbis Secur[ty Iastrument and sale of the Property. The�otdce s�ll facther inform Borrower of t6e rEght to _
<br /> � `� retnstate after acceleratton and the aight to bring a court adlon to assert t9ie non-exi.stence of a defauit or aay othes ':_ ____.
<br /> defense of Borrower to accelesstion and sale. If the default is aot cured on or before the da4e apecified in the notIce, ` -� •;
<br /> ' I.endes,at its opnon,may r�uire Immediate payme�at in full of aU sums serured b tWs Securi Instr�ent wIthout "�*�"`�`=
<br /> as y � ��:;�,��-,�_
<br /> f�er deffiand aad may invoke the power ot sale and any other remedles perm�ed by applIcable law. Lender sriall be �� -�
<br /> �' enntled to coUett all expenses incarred in puzsaing the remedles prnv[ded in this paragrapfi 21,iacluding,but not limited � :�;�;;.:��_ _.
<br /> ` ''� to,reasoaa6le attorneys'Peeg and costs oY titte evtdence. ���"Y"t"�'_-�"`
<br /> ?� If the power of sale is involted,'llru�stee s6all record a nottce of defantt in each county in whlch any part oY the _4 " � .��
<br /> + Property is located and sha11�ail copies of sach notice ia the manner prescribed by applicable law to Borrower and to _ m•�
<br /> ; the other persons prescrlbed 6y appltcable law.After the time require8 by applicabte law,Trusiee shall give public nntdce .� ___,_ --_
<br /> �.�.� of sale to the pe�sons and ta 4he manner prescribed by appltcabfe law.Trustee, without demand on Borrower.shall sell ..��,q�.-r=�n___
<br /> s
<br /> the Property at pu6llc auctlon to the hig6est bidder at the time and place and under the terms designated in the nottce of ."���'u'•"" •• . � `
<br />� sale tn one or more parceLs and in any order Trustee determines.Trastee may�postpotne salP of all or any parcel of the �' � °"°"� °"'- �>-
<br /> I'roperty by publtc announcement at the tlme and place of any previously scheduled sale. Lender or its destgneE may ����
<br /> purchase 4he Property at any sale. �``.':'". : `'�
<br /> .4�... . ..X..�.
<br /> .T[�tTy•.. � .�/... `:'
<br /> . '.{t'� ,
<br /> Form 3028 9/90 � �, � � . _
<br /> �-6RtNEI t92izi.o� Va90 5 of 6 �mnair. ' ,-----"." —
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