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<br /> � � 16.Bonower's Copy.Borrower shall be given one conformed copY of the I�`ote and of this Security Instrtsment. ' . ` _
<br /> ; ' 17.Transfer of the Property or a Beneficiel Intsrest in �onower. If all or any part of the Property or any , • . _
<br /> � interest in it is sold or transferred(or if a beneficial interest in Bonorier is sold or transferred and Bonowet ts not a
<br /> natural person)without Lender s prior written consent,Lender may,at its option,require immediute paqcnent in full of �
<br /> J all sums secured by this Security Instrument.However, this option shall not be exercised by I.ender i4 exercise is � �
<br /> prohibited by federal law as of the date of this Security Iastrument. ,
<br /> -' If Lender esercises this option,Lender shall give Borsower notice of acceleration.The notice shafl provide a period ,
<br />--� of not less than 30 days fram ttte date the nouce is delivered or mailed within which Borrower must pay all sums secured � _
<br /> •� by this Securiry Instrument.If Borrower fails to paq these sums prior to the expiration of this period,Lender may invoke E " z :
<br /> any remedies permitted by this Security Instrument without further notice or demand on Bonower. �
<br /> 18.Barrower's Right to Reinstate.If Borrower meets certain condiaons,Bonower shall have the right to have . , _
<br /> �� enforcement of this Secunty Insttument dis:ontinued at any time prior to the earlier of:(a)5 days(or such ather periad ; .�.�
<br /> i as applicable Iaw may spec�fy for reinstatement)lxEore sale of the Property�ursuant to anypower of sale contained in I•
<br /> ttus Security Insuument; or (b) entrq of a judgment enforcing this Secunty Instrument."Those conditions are that _
<br /> ��� Borrower: (a) paps I,ender all sums which then would be due under this Security Instrument and the Note as if no . : ,�:_:4_–
<br /> j acceleration had occurred; (b)cures anY default of any other covenants or agreements;(c)pays all expenses incurred ia
<br /> ; enforcing this Security Instrument,including,but not limited to,reasonable attorneys'fces;and(d)takes such action as . , ':_..�:� �r.�
<br /> � Lender may reasonably require to a5sure that the lien of this Security Instrument,Lender's rights in the Property and
<br /> Borrower's obligation to pay the sums secured bp this Security Instrument shall continue unchangod.Upon reinstatement l'�' '.
<br /> � by Borrower,this Security Instrumen t an d t hs o b l i g a t i o n s s e c u r e d h e r eb y shall remain full y effective as if no aceeleration �. � �
<br /> had accurred.However,this right to reinstate shall not apply in the case of acceleration under paragraph 17. ,:�;�1 �..
<br /> 19.Sale of Note;Change of Losn Servicer.The Note or a partial interest in the Note(together with this Securiry . ..�, ,-
<br /> Instrument)may be sold one or more times without prior notice to Bonower.A sale may result in a change in theentity �_-
<br /> }. .
<br /> ° " that collects monthly payments due under the�Jote and tlus Security Instrument.There � , . ? '' �:�-��.-L=--
<br /> . � (known as the I.oan Servicer � i . __� --- —
<br /> :y also may be one or more changes of the Loan Ser�icer unrelated to a sale of the Note.If there is a change of the Loan ,. ��
<br /> Servicer.Bortower will be given wntten notice of the change in accordance with paragraph 14 above and applicable law. ,. - �
<br /> 7'he notice will state the name and address of the neN Loan Servicer and the address to wtuch payments should be made. ; . . �;�``�;�-
<br /> '�� 'The notice will also contain any other i n fonsiation requir e d bq app lica b l e l a w. _ ' �
<br /> 20.Hazardous Substances. Borrower sha11 not cause or permit the presence,use,disposal.storage,or release of � �t�>.��`� : ar
<br /> n affectin � �'"�
<br /> any Ha2ardous Substances on or in the Property. Bonower shall not do.nor allow anyone else to do,anythi g g -:__
<br /> the Property that is in vio lation o f any Environmen t a l L a w.T h e p r e c e d i ng rn o sentences shall not ap pl y to the presence, � g.•�:,r
<br /> use, or storage on the Praperty of small quantities of Hazardous Substances that are generally recognized to be } ` ��' _
<br /> • appro�pnate to notmal residential uses and to maintenance of the Property. � :� �.�
<br /> Borrower shall promptly give Lender written notice of any investigaaon,claim,demaud,lawsuit or other action bq � .• .�` ;,
<br /> any governmental or regulatory agency or private party involvin the Pro and an I-Iazardaus Substance or
<br /> Environmental Law of which Borrower has actual knowledge.If Banower leamse,or is noti�ed by any governmental or : ,;� .�°��
<br /> regulatory antharity, that any removal or other remediation of any Hazardous Substance affecting the Propertp is •��,F� �;�-
<br /> aecessary,BorroNer shall promptl�take all necessary remedial actions in accordance with Environmental Law. -, '�"' `
<br /> ps used;n this paragraph 2 0, Hazardous Substances"are those substances def ined as tosic or hazardous substances �
<br /> by Environmental Law aad the following subscances:gasaline,keroseae,other flammable or touic petroleum producte, �`� :��,_
<br /> tosic pesticides and herbicides, volatile solvents, materials containing ssbescos or formaldehyde, and radioactive , ;�i .
<br /> . mater�als,As used in this paragraph 20,"Environmental Law"means fedecal lawa and laws of the Jurisdiction where the .:� �• ,°�;;�-y�
<br /> Property is located that relate to health,safety or environmental protection. _ d�T=:
<br /> �.�
<br /> NON-UI�TIPORM COVENANTS.Borrower and Lender further covenant and agree as follows ��` �-� ..,�:
<br /> 21. Acceleration; Remedies. Lender shall give notice to Borrower prior to scceleration [ollowing • ��'_,l,:
<br /> ' Bonower's bsac�of any covenani or agreement ia 4his Security Instrumeat (but not prior to accclerstion { . �
<br /> under paxagraph 17 unless applicable law provides otherwise).The notice shall specify:(s)4he deianit;(b)the .:£;; _�`;�
<br /> action required to cure the defavlt; (c) a date. not less thaa 30 days from the date the notice is given to � �, ; . s�:
<br /> Bonower,by which the deiault must be cured;aad (d)that iailure to cure the default on or before the date : ,. .�_
<br /> sPecitied in the notice may result in acceletation of the sums secured by this Security Instrument and salo oi _
<br /> the Property.The aotice shsll turther inform Borrower of the right to reinstate after accelerotion aad the ,_ _�_ ^�_^ _
<br /> right to briag a court action to assert the non�aistence of a detault or any other defense of Bonower to . .` . ,.���,;,,�•_� _
<br /> acceleration and sate. If the default is not cured on or before the date sgeciiied in the notice,Lender,at its ,:.; _ ;.�,,,__._r_
<br /> optaon. may require immediate payment in full of all suma secured by this Security Inatrumeat without :,, .;•-_ -
<br /> further demand nnd may invoke the power of sale sad any other remedies permitted by applicable law. � . •.�-��—
<br /> � Leader shall be entitled to collect all eapenses incuned in pursuing the remedi�s provided in this paragraph _ • :
<br /> 21.including,but not limited to�reasonable attorneys'fees and costs o�title avideace. , , � � ++i�-• —
<br /> If the power of sale is invoksd,Trustee ahell record a notice of default in etich county in wLich any part of � _,_
<br /> e
<br /> ' the Property is loca te d aa d a ha l l m a i l c o p i e s o f s u c h n o t i c e in the manner prescribed by ap plicable law to • , . _
<br /> Horrower aad to the other persona p�escribed by appliceble law.After the time required by applicahle lsw.
<br /> Trustee shall give public notice of sale to the persons and in the manner prescribed by ap�licable law.Trustee, _ . .
<br /> without demaad on Borrower.ahall sell the Property at public suction to the highest bidder at the time aud . �
<br /> � place and undet the terms designated in the notice of sale in one or more parcels and in any order Trustee .. .. �
<br /> determines. Trusta may postpone sale of all or any parcel of the Property by public�nnouncement at the , • �
<br /> time and place oi any previously scheduled ssle. Lender or its designee may purchase the Property at any ,
<br /> sale. ,
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