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<br /> , 17.Transfer of ihe Property or a Beneficial Interest in Borrower.If all nr any pan of��Propertp;i�,aii�y�inTe�s[in it ` 4• ' , ' • , � I-
<br /> is sold or trdnsfened lor if a beneficial intemt in Borrower i.r xold or transferred and Borrower i.not a natural pertiim1 without _
<br /> I.ender'. prii�r written con.tient. Lender may, at its option, reyuire immediatc payment in fuil nF all �um, �c�ured by this . ` •
<br /> Security Instrument. However,thi.option shall not be exercised by Lender it cxerciae is pmhibit��f b} frcier:il taw a,of the date t ` ,
<br /> of thiti Se��urity Instrument. � ' •
<br /> , If Ixnder exerci�es thiti option.l,ender shaU give Borrower notice of acreleration.The nutice�hall provide a peri��d of not . , • ,
<br /> � less than 30 days from che date the notice is delivered or mailed within which &�rrow�r ma,t pay aU +ums Secured by this _ `
<br /> Security [n�trument. [f Borrower fails to pay these sums prior to the expiration of this penud. Lender may invoke any n:medi� � _ -'---
<br /> � permitteci by this Security Instrument without further natice or demand on Bormwer. ' . '
<br /> 18. Borrower's L�ight to ReInstate. If Borrower meets certain conditions. Bartower shall have the right to have
<br /> enforrement of this Sei,�urity Instntment discontinueti at any time prior to the eariier vf: (a) 5 days lor such other period as ' - • .
<br /> � ; applicable law may specify for reinstatement) before sale of the Property pursuant to any power uf sale rnntained in this . .. _ ;.. :�., _
<br /> ' Security Instrument:or(b)entry of a judgment enforcing this Security Instrument.Those conditions are that Borrower:{a)pays :
<br /> : .'- Lender all sums which then would be due under this Securiry Instrument and the Note as if no acceleration had occurred:(b) � �: � , ,,..���•:'-
<br /> � cures any default of any other covenants or agreemenu;Ic)pays all expenses incurred in enforcing this Security Instrument, �-. �,��,;_.
<br /> ` induding.but not timiced to, reasonable attorneys'fees;and (d)takes such action as Lender may reasonably require to assure . �""�f�
<br /> • • that the lien of this Security Instrument, Lender's rights in the Property and Borrower's abligation to pay the sums secured by � ''��'��_�
<br /> [his Security Instrument shall c:ontinue unchanged. Upon reinstatement by Borrower, this Security Instrument and the "���°
<br /> abiigations secured hereby shall remain fully effective as if no atceleration had occurred.However. �}11S Tlaht to reinstate shall . �'`'�-
<br /> .i 'l( .1.'1R'�7'1"`��r.
<br /> not apply in the case of acceleratian under paragraph 17. ��-
<br /> ' '';• ���=
<br /> . '' 19. Sale of Note; Change of Loan 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 Borrower.A sale may result in a change in the entiry(known ' , � ?�'� --
<br /> �� as the "Loan Servicer")that collects monthly paymen�s due under the tiote and this Securiry Instrument. There also may be one .•�' ...ti ,'�'.:.� _
<br /> or more changes of the Loan Servicer unreleted to a sale of the Note.If there is a change af the Loan Servicer.Borrower will be .�;:;=:�s��=�-.-� 4
<br /> ';� given written notice of the change in accordance with paragraph 13 above and applicable law. The notice will sta[e the name and �' ;t?_
<br /> --�'� address of the new Loan Servicer and the address to which payments should be made. The notice will also contain any other %• � .
<br /> ";���• infomiation required by applicable law. �`'-;,�s'�� ' ��� �`
<br /> ' �� 20. Hazardous Substances. Borrow�er shall not cause or permit the presence, use,disposal, storage, or retease of any
<br /> :�° Hazardous Substances on or in the Property. Bormwer shall not do. nor allow anyone else to do, anything affecting the ,,';:
<br /> Property that is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence, use, or . - -- � ,
<br /> storage on the Property of small quaniities of Hazardous Substances that are generally recognized to be appropriate to normal . ;� � •�i�
<br /> residential usesand to maintenance of the Propeny. ���"�� �•,�, .��•�
<br /> �<:.,;. Borrower shall promptly give Lender written notice of any inv�stigation, claim,demand, lawsuit ar other action by any
<br /> - govemmenta!or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law • y,.`• �
<br /> �'� of which Borrower has actual knowledg�.If Borrower learns, or.is notified by any govemmenta! or regulatory authority, that '���� ' '?�� �
<br /> any removal or other remediation of any Hazardous Substance affecting the Property is necessary. Borrower shall promptly take �
<br /> al!necessary remedial actions in accordance with Environmental Law. T'' r`�- �';'r'!::,
<br /> As used in this paragraph 20. "Hazardous Substances" are those substances deftned as toxic or hazardous substances by ;� �; ._
<br /> Environmental Law and the following substances: gasoline, kerosene. other flammable or toxic petroleum products, toxic F;
<br /> pesticides artd herbicides,volatile solvenu,materials containing asbestos or formaldehyde,and radioactive materials.A�used in
<br /> � this paragraph 20. "Environmenta! Law" means federal laws and laws of the jurisdiction where the Property is located that . --�,. -
<br /> relate to health,safety or environmental protection. --� _�
<br /> NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: �'�---
<br /> 21.Accetecatlon; Remedies. Lender shall glve notice to Borrower prior to acceleration following Borrowec's breach • =
<br /> of any covenant or agreement in this Securlty Instrument (but not prior to acceleration under paragraph 17 unless T + �
<br /> applfcable law provides otherwise).The notice shall specify: (a)the default;(b) the actlon requlred to cure the default; '���--'�-
<br /> (c)a date,nat tess than 30 days Prom the date the notice Is given to Borrower, by which the default must be cured;and — �-�—�
<br /> (d)that failure to cure the default on or t:eiore the daTe sperified in the notice may result in acceleratton of the sums
<br /> e � •
<br /> secured by thls Security Instrument and sate of the Property. The notice shall further inform Borrower of the rig6t to ��' �� ��
<br /> �r ��..�.�
<br /> ; f reinstate after acceleration and the right to brfng a court actfon to assert the ao�-existente of a detautt or any other �;�°�._,�;����
<br /> dePense of Borr+nwer to acceleration and sate. It the default is not cured on or bePore the date specified in the notioe, --�-����-�-
<br /> Lender, at its option, may require immediate payment in full of all sums secured by this SPCUrity Instrument without � . �-��----��
<br /> •� further demand and may invoke the power of sale and any other remedies permittetf by applica6le law.Lender shall be . ��M"'��� '
<br /> entitletl to collect all expenses incurred in pursuing the remedfes provided in this paragraph 21,including,bat not limited �'-..�.�_��.�
<br /> to,reasonabte attorneys'Yees and casts of title evidence. ,;� �
<br /> If the power of sale is invoketl, Trustee shall record a notice of default in each county in which any part of the ,„��- •_-<���
<br /> Property is locate�and shall mail copies of sucb notice in the manner prescribed by applicable law to Borrower and to •.'';.,,�,r:,,�,� �,.',�;.';•
<br /> the other persons prescrlbed by applicabfe law.Af'ter the time required by applicable law,Trustee shall give public notice � •�'='.r'�--• .
<br /> ' of sale to th2 persons and in the manner prescr�bed by applicable law.Trustee, without demand on Borrower.shall se71 � •�•"''`�'''- '�`"`"• '
<br /> the Property at public aactfon to the hlghest bidder at the time and place and under the terms designated in the nolice of � � • �
<br /> • sale in one ormore parcels and in any order Trustee determines.Trustee may postpone sale of all or any parcel of the ;�;;�;;;-�,�;�r�,; '
<br /> Property by pubfic announcement at the time and place of any previously scheduted sale. Lender or its desi�nee may � . . t. . •. --
<br /> , purchase the Property at any sale. . ""` "''Y'� � �
<br /> • • ,•;,;,..
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<br /> . Form 3028 8/90 �
<br /> P�go 5 of 8 � . . ' .
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