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<br /> l7.Trastsfer of the PropetKy or��eneticial Interest tn Boaowea If all or an�afihe Praperty or any interest in it � � � i .�.`�,`,�
<br />� is sold or tratisferred lor if a beneficial interest in Borrower is sold or transferted and Borrower i,not a natural persunl without ��
<br /> Lender's prior written consent, Lender may. at iu option, require immediate payment in futl of all +ums �ecured by this ,
<br /> Security Imtrument. However.this optinn shall not be exercised by Lender if exercise is prohibited by federal law as of the date � , " ��"
<br /> of this Security Instrument. . : •. ���
<br /> If Lender exercises this optiun. Lender shall give Borrower notiee of acceler.uion.The natice�hall provide a period of not - • •
<br /> less than 30 days from the date the notice is delivered or mailed within which Borrower must pay :ill sums secured by this ; . __
<br /> Security Instnsment. If Borrower fails to pay these sums prior to the expiration af this period. Lend�r may invoke any remedies `
<br />.- permitted by this Se�.�urity instrument without farther notice or demand on Borrower. _____.__;_ __ _ ---
<br /> 18. Borrower's Right to ReinstaYe. If Borrower meets certain conditions. Borrower shall have the right to have
<br /> enforcement of this Security Insuument discontinued at any titne prior to the earlier of: (a) 5 days (or such other period as • , •, ,�
<br /> applicabte law may specify for reinstatement) before sale of the Properiy pursuant to any power af sale containe� in this
<br /> � Security Insvument;or(b)entry af a judgment enforcing this Security Instrument.Those conditions are that Borrower:(a)pays . � `_�,�
<br /> Lender all sums which then would be due under this Security Instrument and the Note as if no acceleration had occurred: (b) �. �- .. :- ..• �-.--. :, c--
<br /> . cures any default of any other covenants or agreements: (c)pays all expenses incurred in enforcing this Security Inswment. ,� ,-_—
<br /> including,but not limited to, reasonable attorneys' fees; and(d) takes such action as Lender may reasonably requ�re to assure . .�;� -
<br /> that the tien of this Security Instrument. Lender's righu in ihe Pmperty and Borrower's obligauon to pay the sums secured by , ����.
<br /> �:;,
<br /> ' i this Securiry Instrument shall continue unchanged. Upon reinstatement by Borrower, this Security Instrument and the _. __ A;
<br /> ��� obligatiorLS secured hereby sl�all remain fully effective as if no arceleration had occurred. However, this right to reinstate shall ! J =-,;:•=,=�-:��
<br />. . not apply in the case of acceleration under paragraph 17. , . �_� 'r�----
<br /> 19. Sale of Note; Change of Loan Sfrvicer. The Note or a partial inierest in the Note (together with this Security ... �� �.-:_ ,
<br /> Instrument)may be sold one or more times without prior notice to Horro�ver. A sale may result in a change in the entity(known �: ;c�.
<br /> ` as the"Loan Servicer")that collects montlily payments due under the Note and this Security Instrument.TMere also may be one t,;;��;;'
<br /> � - or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan Servicer. Borrower will be , ' _•}--_,���. _._
<br /> _ given written nouce of the change in accordance with paragraph 14 above and applicable law.The notice will state the name ared , , :' ''_.'. ,.:.; , -.
<br /> address of the new Loan Servicer and the address to which payments should be made. The notice will also contain any other �_.�;. ``
<br /> information required by applica b le law. ��`�'�'��
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<br /> ` 20. Hezardous Substances. Borrower shall not cause or pertnit the presence. use, disposal, storage. or release of any ;,�. " �=-.--
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<br />' � Hazardous Substances an or in the Pruperry. Borrower �hall not do, nor allow anyone else ta do, anything affecting the ,:.;;K,.�+� �!�""--
<br /> R; Property that i+in violation of any Emironmental Law. The preceding two sentences shall not apply to the presertce, u�e, ar � ` �� .
<br /> starage on the Pr�perty of small quantities of Hazardaus Substance� that are generally recognized to be appmpriate to norenal ����'�,� ,_.
<br /> ,'�� � _
<br /> residential uses and ta maintenance af the Praperty. i' '' ":"
<br /> � Barrower tihall pmmptly give Lender written notice of any investigation, claim.demand, lawsuit ar other action by any �.�x '��'.i '''„
<br /> �4;T governmental ar regulatory agency or private party involving the Prapeny and any Hazardous Substance or E�vironmental Law , !
<br /> .`'�s�.�. _—
<br /> of which Borruwcr ha�actual knowledge. If Boaower learns.or is notificd by any governmental ar cegulatory authority, that � •
<br /> •'y any removal or other remediation of any Hazardous Substancc affectia�g the Property is necessary.Borm�aer shalt promptly take ;�°!�._;��-�:
<br /> � � all necessary remedial actians in accnrdance with Environmental Law. -'�
<br /> � AS used in this paragraph Z0. �'Hazardous 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 `,.,, ;1}:,i .
<br /> pesticides and herbicides,volatile solvents.materials containing atbestos or formaldehyde,and radioactive materials. As used in ,�� ;,
<br /> � this paragraph 20. "Environmental Law" means federal laws and laws of the jurisdictian where the Property is located that • ,; �
<br /> relate to health,safety or environmental protectinn.
<br /> NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br /> 21.Acceler�tton;RemedIes.Lender shall give notice to Borrower prior to acceteraNan foltowing.Borrower's breach � �
<br /> of arry covenant or agreement in this Security Instrument (but not prior to acceleration under paragraph 17 unlcss ; _
<br /> ' a 1Icabte!aw rovides othenvise). The Rotice shall specify: (a) the defaWt; (b)the adion required to care the default; �r,,,.�
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<br /> (c)a date,not less than 30 days from t he d ate t he no uce i s given to Borrow e r,b y w h i c h t h e d e f a u l t m u s t b e c u r e d,a n d .�._� --
<br /> (d) that failure to cure the default on or before the date specitied in the natfce may resutt in acceteraS�on of the sums �=,i�� �y�-�
<br /> secured by this Security Instrument and sale ot tbe P+roperty.The not�ce shaU further inform Barr�ower of the right to �—
<br /> reinstate after acceteration and the right to bring a eourt action to assert the non-existence of a default or tmy other �����,.i�`-
<br /> defense of Borrower to acceteration and sale. If the defanit is not cured on or before the dute specftied in the notice, _ -- _
<br /> �fi, Lender, at its option, may reqaire immedlate payment in€uA of aU sums secored by this Securlty instrument wit6out � - ___ �
<br /> fnrther demand and may invoke the power of sate and any other remedtes permitted by applicable law. Lender shall be ���
<br /> entitled to colleM all expenses incurred in pursuing the r,emedles provtded in this paragraph 21,including,but not limited �.•�.;�: '�-•
<br /> to,reasonabie attorneys'fees and costs of title evldence. `- ,� � ����
<br /> � If the power of sale is invoked,Trnstee shall record a notice of default in each caunty in whtch any part of the � __
<br /> Property is located aad shall mail copies of such nottce in the manner prescri6ed by applicable Iaw to Borrower and to �`r— .: .
<br /> the other persons prescribed by applicabte law.After the time required by applicable law,Trustee shal!give publIc notice -�T.-.-��+�.�+�. _'�.;��
<br /> of sale to the peisons and in the manner prescribed by applicable law.Tnistee,without demarid on Borrower,shafl seli T.'��
<br /> - the Property at public auction to the higttest bidder at the time and place and under the terms deslgnated in the notice of ,;: • ..,�,'
<br /> sule in one ar more parcels pnd In any order Trustee dctermines. Trustee may postpone sate of all ur sny 6rarcel of the t wn;.,�,.�;;,P;,r —
<br /> Property by public annonncement at the Nme and place of any prevdously scheduled sa!e. Lcad�r ur tts designee may � � � _ •.
<br /> purchase the Property at any sale. �i ��,��� � _
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