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<br /> by this Security ltu-kumCaG If Borrower fails to pay thase swn�prior to the expiration of this penod, L.cadCr may im+oka t
<br /> ! any romedie.s p�rmittad by thi�Sacurity Ins7rwnrnt without further notia or demand on Borrower. t . •-�
<br /> . � 18. Borrawer s R[ght to Reinstute. If Borrower m�et�c�rtain conditio�. Borrow�r shall havC the ri�ht to have �
<br /> - enforce[nent of this Se�urity lasWment discoatinur�at any time prior to thc earliCr of: (a)S ilays(or such other pCriod as j ' - • . - -
<br /> . aPPlicabl�law may specify for reinstatement)bGfon�ain of the Property Pursuant to any power of salc contained in thi� i �
<br /> Security Instrumrnt;or(b)cntry of a judgmeat enforeiqg this Security InsYrument. ThosC conditians arr that Borrower.(a) r ' . �
<br /> � ' pays L.�ndCr all sums w6ich then would b�due und�r this Security Instrum�nt and the Note a+ if ao acceleration had t � . .
<br /> occurnd; (b) cure�any default of any other covrnants ar a�ieements; (c) pays aQ eap�tues incurred in enfoncing this � �
<br /> Security [nstrumsnt, iacluding, but not limited to, rcasoaable attomeys' fr,es; and (d) taltes such action as Lender may �• .
<br /> rrasona6ly rtiyuirC to aa,uro that thC linn of thi, Security latitrument, Ixud�r's rights in the Property and BorrowCr's � �- . •
<br /> ' obligation to pay t6e sums secured by this Srcurity Inswment shaU wn6aue unchanged. Upon rcinstatement by Borrower. � .
<br /> } this Secwity Instrument and tl�e obligations securrd hereby shall romain fully cffective as if ao acr,el�ration had occutnxi. � . • ..'t•:. .. '.. .
<br /> � Hawever,this right to reinstate shall not apply in the casn of acc�l�ration under paragrapb l7. �_' ' , ..,;�y;;;,�-�
<br /> �� 19.Sa1e oF Note;Chartge of Loan ServtCes. Thc Not�or a partial interrst in the NotC(togtttter with this S�curity �`� - �
<br /> , Instrument) may Ise sold o�or morr times without prior notice to BorrowCr.A salz may result in a change in the eatity f ' �
<br /> (ttnown as th� 'Loaa Servicnr")that collects monthly paymenis due uader the Not�and this Secwity InstrumenL There � '::". ,': ` °}
<br /> alsa may t+C on�or mor�changes of the Loan Servicar umClatCd to a sale of the Note. If therr is u change of the Loan � � � , �`::;:�
<br /> SCrvicrr.Borrower will br given written aoticn of th�change in a:.c�rdance with paragraph 14 abova aad applicable law. � � `--
<br /> Tha notic�will state the name and address of th�new Loan Servicer and the address to wtuch paym��s should be made. , . • ' _�,;,'��
<br /> The�tice will also contain any other iaformation reyuired by applicablo law. ' ` ,-,�'_
<br /> 20.Ha�rdous Substances. Borrowar shall not cause or permit the prwscne�.usr,disposal. storage.or r�lrase of ' = .� •-
<br /> 'i any Ha7ardous Substaacas on or in thG Property. Borrower shall aot do. aor allow anyone els�to do, anything affecting � , � ' .�
<br /> thC Property that is in violation of any Environmsntal Law. The preceding two sentenc�s shall not apply to the presence. �• �. ',� �--
<br /> ``�• usti.or storagr on the Property of small quan6ties of Haz�rdous Substancas that ar�generally recognized to be appropriatr �• �. �•�r, �t�
<br /> ;j to normal residential usas and to maint�nance of thG Property. . �`� �
<br /> Borrowar shall promptly giv�Lend�r written norice of any imestigallon, claim,dCmand,lawsuit ar oWer action by � ; '
<br /> aay gov�mmenml or nagulatosy agency or private party imolving the Property and any Ha�ardous SubstancC or Environ- � ' ;��I�`°;ti�,
<br /> mCntal Law of whic6 Borrower has actual knowled g. if Borrowcr learns.or is notifie�b y an y govCrnmental or ro g ulato ry � ' d '
<br /> suthority,that any remova!or othrr ramediation of any Hazardous Substances affecting the I'roperty is nec�ssary,Borrower -' , � � :%
<br /> s h a ll prompt ly t a kr a l l neces�ary rCme d i a l ac6ons in acco r d ancr wi t h Emriro�rnta l L aw. ' �
<br /> As used in this p�ph 20� 'Hazardous Sub�es"arc thosa substancc.s definrcl a,toxic or haTardous substancc� . ,�:.`.'.'; . ,
<br /> by Environnten t a l Law an J t he fol lowing substancca: ga,olina, kCrosCne,other flammable or toxic petrolCUm products, ��- �: � �.
<br /> toxic pesticides and herbicides,volatde solveats,matenals containing asbestos or formatd�hydr,and radioactivC matariaLs. . �� ;.,:' `
<br /> As used in this paragraph 20. 'Env'vonmenfal I.aw" means federal laws and laws af the jurisdiction where the Property is ' t�t :
<br /> located that rclate to health,safr.ty or�nvironmental protCCtiaa. ' -
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<br /> NoN•Utvu�tstu�Covavn[�ns. BorrowCr and I,ersder further cov�nant and agr�as follows: ; .;r- ,, -�J, ,: -
<br /> 21.Acreferatton;Renedtcg. I.Pnder shaU pive aotice to Borrower pr[or w acceleratloa foltowing Bor•rower's ..�.f• , �� �
<br /> breacb of uny wv¢nant or agreement In tblq Security lns6nunent(but not prior to acceleratIon under para�raph 17 • """� - � r
<br /> imlcss ap Iicabte Itiw provides ot6erwLse).The notice shall specify:(a)the defaWt;(b)We acdon required to care the � : .. •� ...;;�.--
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<br /> default;(c)a date,not less than 3fl days from the date the nnttce is given to Borrower,by whlcb tha default m�t 62 •.,.,. � � ::�''"
<br /> aired;and(t�that fail�e to cure the dei'ault on or 6efore We date spec[fled In We notfce mtiy resultln accelerado�a �,.���• � ��.��_�_
<br /> of We sums s�ivmd by thtg Securtty lnstr�ent ared sale of the Property.The noflce shall further inform Bormwer �;�;;�_,:...s�:•
<br /> of t6e rl�qht to reinstate after acceleratlon and the right to bring a court adIon to assert We non�xLstence of a � r �
<br />� default or any other defense oY Borrower to acceferation and sale.If the defaWt is not cured on or before the date '�•
<br /> sa y�
<br /> spedSed in the notice, LRnder at iRs option may requtre immedlate payment in fufl of all s�uns sec�ed by thls ;:;,�;�'. •° Y"
<br /> 5erarity Instraunent wtthout further d�and and may invoke the power of sale and any ot6er remedies permjtted by . ..•����
<br /> appitcable law. Lender shall be entit1ed to colled a0 expenses tncurred in purstdng fhe remedies provtded io tLis � • �� F .,m._-
<br /> paragrapb 21,includl�,but not IuNted to,reasonab�e attorneys'f�end costs of BUe evidence. �•��T_
<br /> If the power of sale is invoked,Tnutee shall re�wrd a nottce oY default in each county in whtch eny part oY the • ����...... �.-_
<br /> Property is tocated and shall mail copies of sach notice in the manner prescrihed by appllcabte luw to Borrower aad
<br /> to the othw� persong prescribed by appltcable taw. After the time requlred by appllcable law, Trustee shall�ve '��•ry��:.'-`:�;';
<br /> pubUc no8ce of sale to the persons and in the manner presc�3bed by appllcable law. Trustee,wtt6out d�an an • .
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<br /> Barrow�,shall seU the Property at public sudion to the highest bidder at the time and place and under the term� ,_ .�:
<br /> deci�nated in the noUce of sale In one or more parcels and in any order Tncctee determines.Trustee may postpone ",
<br /> sale oP ell or any parcel of the Property by pu5lic annaunceiment at the thne and place of any previously schedWed '
<br /> sale.Lender or its deslRnee may purchase the Property at any sale.
<br /> Upon receipt of payment of the�►rice bid,Trustee shaU deliver to the purchaser Tructee's deed conveying the . . ' '
<br /> Property. The redtals in the'frustee s deed shall be prima facie evidence of the truth of the stalements made • " �� �
<br /> therdn.Trustee shall apply the pnoceedg of the sale in the following order:(a)to all costs and expenses oF exerdsia� - • '�
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<br /> � Form 8 9590 fpage 5 oJ �, .
<br /> BANKERS SYS7EMS,INC.,5T UOUD.N:N 8830211•B00•397•23611 iORM MD�7�NE]f5/91 ��� �� t
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