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<br /> � 1 • 17.Traasfer of the Progeity or a Bein�ctai Interest in Borrower.lf all or any par[ of[he Property or any in[erest in it a . �
<br /> is sold or transfer�ed(or if a beneftcial interest in Borrower is sold or transferred and Borrower is not a natural personl without E
<br /> Lender's prior wricten consent. Lender may, at iu option, require immediate payment in full of all sums secured by this � � .
<br /> Security Instrumen[. However,this option shall not be exereised by Lender if ezercise is prohibited by federal law as of the date � _
<br />. of this Security Instrument. ; - , .----
<br /> If Lendet exercises this option, Lender shall give Borrower notice of acceleration.The notice shall provide a period of not �
<br /> less than 30 days from the date the notice is delivered or mailed within whicd Borrower must pay all sums secured by this � ,
<br /> Security Instrument. If Borrower fails to pay these sums prior to the e�piration of this period,Lender may invoke any remedies i , .
<br /> permitted by this Securiry Instrument without further notice or demand on Borrower. l ,
<br /> 18. Borrower's Rlght to Reinstate. If Borcower meets certain conditions, $orrower shall have the right co have ! , .
<br /> 1 enforcement of this Security Insuument discontinued at any time prior to the earlier of: (a)5 days (ar such other period as � . �
<br /> applicable law may specify for reinstatement)before sale of the Property pursuant to any power of sale contained in this — ----
<br /> Security Instcumenr 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 Insuument and the iJote as if ao acceleration had occurred: (b) f .._ ---
<br /> cuies aay default of any other covenanu or agreements; (c) pays all ezpenses incurred in enforcing this Security Instrument. � . . �.. �•-
<br /> - including, but not limited to,reasona b ie attorneys'fees;an d(d) t a k e s suc h ac t i o n a s L e n d s r m a y r e a s o n a b l y r e q u i r e t o a s s u r e . �`�'~� _
<br /> • thaz the lien of this Security Instrument, Lender's righu in the Property and Borrower's obligadon[o pay the sums secured by j _ �"�:
<br /> this Security Insmimeat shall continue unchanged. Upon reinstatement by Bomower, this Secunty Instrument and the ; . ,�."`_
<br /> obligasions secured hereby shall remain fully effective as if no acceteration had occurred.However,this right to reinstate shall 4 =..k ••' -?�_ .`
<br /> not apgly in the case of acxeleration under paragraph 1�. •`-°:,_
<br /> 19. Stsle of Note; Change of Loan Servicer. The Note or a panial interest in the Note ([ogether with this 5ecurity _:_��;.. : _�
<br /> • Insuument)may be sold one or more times without prior notice[o Boaower. A sale may result in a change in the entiry(lmown ' .-=_;.:•� _
<br /> as the "Loan Servicer")that collects monthly paymeats due under the Note and this Securiry Instrument. Tdere also may be one � �.=,:;-
<br /> or more changes of the Loan Servicer unrelated[o a sale of the Note.If there is a change of the Loan Servicer.Borrower will be , � r __
<br /> -`�` given writtea notice of the change in accordance with paragraph 14 above and applicable law.The notice will state the name and � +r
<br /> address of the new Loan Servicer and the address to wluch paymenu should be made.The notice will also contain any other � �:�j
<br /> � informarion required by applicable law. • �� "�� =
<br /> 20. Hazardoas Substances. Borrower shall not cause or pemut the presence, use, disposal, storage, or release of any ,� �_, : i .
<br /> Harardous Substances on or in the Property. Borrower 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 Propecry of small quan[icies of Hazardous Substances that aze generally recogni�d to be appropriate to normal . ' `#� ' � � •
<br /> residential uses and to maintenance of the Property. - ••
<br /> Borrower shall promptly give L.ender written uotite of any investigation, claim, demand, lawsuit or oiher action by any . .' � �. :
<br /> governmental or regulatory agency or private parsy involving the Property and any Hazardous Substance or Environmental I.aw � ,, � �� � —
<br /> of which Borrower has actual knowtedge. If Borrower leams, or is noufied by any govemmental or regulatory authoriry,thaz • � ��F�' ���7 _�
<br /> azry removal or other remediation of any Hazardous Substance affecting the Properry is neressary,Boaower shall pmmptly tz�xe �' �,�.. - �,
<br /> all necessary remedial aaions in accordance with Environmental Law. •.. r�. ;.°. ���
<br /> . As used in this para gn ph 20, "Har.ardous Substances" are those substances defined as toxic or hazardous substances by - - - `�• �
<br /> '.:..,` ' w; + �
<br /> Environmental Law and the following substances: gasoline, kerosene, o t her fl a m m a b le or toxic petro leum p r o duc u, toaic
<br /> pesticides and herbicides.volacile solvenu, materials containing asbestos or formaldehyde,and radioactive tnaterials.As used in • ��=
<br /> this paragraph 20. "Environmental Law" means federal laws and laws of the jurisdiction where the Property is tocated that , ���"`!�-�;—
<br /> relate to hea1W.safety or environmental proteccion. � -
<br /> •.� NON-UMFORM COVENANTS.Borrower and Lender further covenant and agree as follows: �- :
<br /> � 21.Acceleration;Remedies. Lender shall give notice to Barrower prior to acceler•ation[ouowing Borrower's br�ac6 . �;. :. ;,.�,��'."'
<br /> � of any covenant or a�re�ment in this Securtty Insirument (but aat prtor to �ocels.rattou andes ara�raph 17 unless •-�+-•_ �.��_- -_._
<br /> � � appllcable taw provQdeg ot6erwise).The notice shall s 1 • (a)the default; p f���.� �s �
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<br /> pec fy. (b) the adlon required to care t6e defauti; •:.-�.:�_- _
<br /> � (c)a date,not less than 30 days from ttse date the aotice ts given to Sorrower,by which the default must be cured;a�d �•�:�s�,;�,,;�`?
<br /> (�that failure to caue the default on or before the date specified in the aottce may resvlt in Acoeleration of the s�s `�' _��•�-Y- --_
<br /> � secarcd by this SecurEty Instnm�eat and sale oi We Property. '4'6e nottce shatl fa�rther inform Borrower of the rig�t¢a • �•:rx�. ���
<br /> reinstate after acceteration and the rfg6t to bring a rnnrt actton to assert the non-existence of e default or any oiher
<br /> � ' defease o!Borrower to aaceleration�and sale. If t6e default is not cared on or beTore the date speciTed in the notice, � . "•�r�:
<br /> • : Lender,at its option, may require immedIate payment in full of a0 sums secured by thLs Security instrument without .`� �,
<br /> further demand and may invoke the po'+ver oY sale and any other remedtes permitted by applicable law.Lender sha�be _ - .
<br /> • entitled to colled al!expeases incurred i�p�usuing the reme�ies�mvided in tLis paragraph 21,iactnding,bat not liniied � ��•�� —
<br /> to,reasonable attorneya'fees aad costs of title evidence. � • • . � �
<br /> ` Ii t6e power of sate is invoked,Trustee shall recosd a notice of defautt in eac6 countty in which any part of the •
<br /> ` Property is located and shail mail copies of s�ch rtotice in the manner prescr�bed by applicable law to Borrower and to `' . •
<br /> � 46e ot6er persons prescribed by applirable law. Atter t6e time required by appltcable law,Trustee shall give pubUc notice _ •� ° -
<br /> � of sale to the persons end in the manner prescribed by appltcable law.7Yustee, without demand on Borrower,shall sell .
<br /> � the Property at publlc auciton to the higbest bidder at the time and plsce and under the tet�ms desjgnated in the motice of . .
<br /> , sute in one or more parcels and in any order Trustee determines.Tn�ctee may pustpone sale of all or any parce!of the
<br /> .j Property by public anaouncement at the Nme and pface of any previoucly scheduled safe. Lender or i�s designee may . • • —
<br />,, j pwchase tbe Pr+uperty at any sale. ; . �
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<br /> � ' S Form 3028 9/90
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