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18. Borrower's Right to Reinstate. If Borrower meets certain condit(ons, Borrower shall have the right to have
<br /> enforesment of this SecurRy Instrument discontinued at any time prfor to the earlier of: (a) 5 days (or such other period es applicable. __._
<br /> law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this Security Instrument; or
<br /> (b) entry of a judgment enforcing this Security Instrument. Those conditlons are that Borrower: (a) pays Lender all sums which then �
<br /> would be due under this Security Instrument and the Note as R no acceleration had occurced; (b) cures any defauk of any other �
<br /> covenant or agreements; (c) pays all expenses incuRed in enforcing this Security Instn.iment, including, but not limited to, reaso�able f
<br /> attomeys' fees; and (d) takes such action as Lender may reasonably require to assure that the lien of this Security Instn�ment, Lender's
<br /> rights.in the Property and BoROwer's obligation to pay the sums secured by this Security instrument shall continue unchanged. Upon �
<br /> reinstatement by Borrower, this Security Instrume�t and the oblgations secured hereby shali remain fully effective as if no acceleration �
<br /> had occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraph 17. �
<br /> 19. Sale of Note; Change of Loan Servicer. Tne Note or a partial interest in cne Note �cogetner witn cn�s securny
<br /> Instrument) may be soid one or more times without prior notice to Borrower. A sale may resuR in a change in the entky (known as the �
<br /> "Loan Servicer") that collects monthly payments due under the Note and this Security Instrument. There also may be one or more �
<br /> changes of the Loan Servicer unrelated to a sale of the Note. If there (s a change of the Loan Servicer, Borrower will be given written
<br /> notice of the change in accordance wkh paragraph 14 above and applicabie law. The notice will state the name and address of the
<br /> new Loan Servicer and the address to which payments should be made. The notice will also contain any other information requfred by
<br /> applicable law.
<br /> 20. Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any
<br /> Hazardous Substances on or in the Property. BoROwer shall not do, nor allow anyone eise to do, anything affecting the Property that
<br /> is in violation of any Env'aonmental Law. The preceding two sentences shall not apply to the presence, use, or storage on the
<br /> Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residenti8l uses and to
<br /> maintenance of the Property.
<br /> BoROwer shall prompty give Lender written notice of any investigat(on, claim, demand, lawsuk or other action by any govemmental
<br /> or regulatory agency or private party involv�g the Property end any Hazardous Substance or Environmental Law of wh�h Borrower has
<br /> actual knowledge. if Borrower leams, or is notified by any govemmental or regulatory authorfty, that any removal or other remediation
<br /> of any Hazardous Substance affecting the Property Is necessary, BoROwer shall promptly take all necessary remedial actlons In
<br /> accordance with Environmental Law.
<br /> As used in this paragraph 20, "Hezardous Substances" are those substances defined as toxic or hazardous substances by
<br /> Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and
<br /> herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As used in this paragraph 20,
<br /> "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located that relate to heafth, safety or
<br /> environmental protection.
<br /> NON-UNIFOFiM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br /> 21. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following
<br /> Borrower's breach of any covenant or agreement in this Securtty Instrument (but not prior to
<br /> acceleration under paragraph 17 unless applicable law provides otherwise). The notice shall specify:
<br /> (a) the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the
<br /> date the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure
<br /> the default on or before the date specified in the notice may result in acceleration of the sums
<br /> secured by this Security InsVument and sale of the Property. The notice shall further inform
<br /> Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the
<br /> non-existence of a default or any other defense of Borrower to acceleration and sale. If the defauit is
<br /> not cured on or before the date specified in the notice, Lender at its option may require immediate
<br /> payment in full of all sums secured by this Securfty Instrument without further demand and may
<br /> invoke the power of sale and any other remedies permitted by applicable law. Lender shall be
<br /> entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph 21,
<br /> inciuding, but not limited to, reasonable attorneys' fees and costs of title evidence.
<br /> If the power of sale is invoked, Trustee shall record a notice of default in each county in which
<br /> any part of the Property is located and shall mail copies of such notice in the manner prescribed by
<br /> applicabie law to Borrower and to the other persons prescribed by applicable law. After the time
<br /> required by appiicable law, Trustee shall give public notice of sale to the persons and in the manner
<br /> prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property at public
<br /> auction to the highest bidder at the time and place and under the terms designated in the notice of
<br /> sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all
<br /> or any parcel of the Property by pubiic announcement at the time and place of any previously
<br /> scheduted sale. Lender or its designee may purchase the Property at any sale.
<br /> Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed
<br /> conveying the Property. The recitais in the Trustee's deed shall be prima facie evidence of the truth
<br /> of the statements made therein. Trustee shall apply the proceeds of the sale in the following order:
<br /> (a) to all costs and expenses of exercising the power of sale, and the sale, including the payment of
<br /> the Trustee's fees actually incurred, not to exceed 3 °�6 of the principal amount of the note
<br /> at the time of the declaration of default, and reasonable attorney's fees as permitted by law; (b) to all
<br /> sums secured by this Security Instrument; and (c) any excess to the person or persons legally
<br /> entitied to it.
<br /> 22. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to reconvey
<br /> the Property and shall suRender this Securky Instrument and all notes evidencing debt secured by this Security Instrument to Trustee.
<br /> Trustee shall reconvey the Property without wananty and without charge to the person or persons legally entitled to it. Such person or
<br /> persons shall pay any recordation costs.
<br /> 23. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to
<br /> any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without
<br /> conveyance of the Property, successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by
<br /> appl'�cable law.
<br /> 24. Request for Notices. Borrower requests that copies of the notices of defauft and sale be sent to Borrower's address
<br /> which is the Property Address.
<br /> 25. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with
<br /> this Security Instrument, the cove�ants and agreements of each such rider shall be incorporated into and shall amend and suppiement
<br /> the covenants and agreements of this Security Instrument as 'rf the rider(s) were a part of this Securfty Instrument.
<br /> Form 3028 9/90
<br /> Ft029.LM0 (10/97) Page 4 of 5
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