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18. Borrower's Right to Reinstate. If Borrower meecs cenatn conditions, Borrower snau nave cne r�hc to nave
<br /> enforcement of this Security Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other period as applicable
<br /> Iaw may speciry for reinstatement) before sale oi 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 conditions are that Bonower: (a) pays Lender all sums wh�h then
<br /> wou�d�be due under this Securiry Instrument and the Note as if no acceleratton had occurred; (b) cures any defauR of any other �
<br /> + covenant or agreements; (c) pays all expenses incurred in enforcing this Security Instrument, hcluding, but not limked to, reasonable �
<br /> attomeys' fees; and (d) takes such action as Lender may reasonably requke to assure that the Iien of this Security Instrument, Lender's '`d
<br /> rights in the Property and Borrower's obligation to pay the sums secured by this Securiry Instrument shall continue unchanged. Upon��
<br /> reinstatement by Bonower, this Securky Instrument and the obligations secured hereby shall remain tuily effective as ff no acceleration n
<br /> had occurred. However, this rlght to reinstate shall not apply k� the case of acceleration under paragraph 17. '""
<br /> 19. Sale of Note; Change of Loan Servicer. Tne Noce or a partisl interest in the Note �co9ecner wnn cnis securny
<br /> Instrument) may be sold one or more times without prior not�e to BoROwer. A sale may resuR in a change in the entfty (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 sate of the Note. If there is a change of the Loan Serv�er, Bonower will be given written�
<br /> notice of the change in accordance wkh paragraph 14 above and applicable law. The notice wtll state the name and address of the
<br /> new Loan Servicer and the address to which payments should be made. The not�e wfll also contain any other tnfonnation requked by
<br /> applicable law.
<br /> 20. Hazardous Substances. Bonower shall not cause or permR the presence, use, disposal, storage, or release of any
<br /> Hazardous Substances on or in the Property. Borrower shall not do, nor albw anyone else to do, anythhg affecting the Property that
<br /> is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence, use, or storege on the
<br /> Property of small quantities of Hazardous Substances that are generaly recoyniaed to be appropriate to nom�al residential uses and to
<br /> maintenance of the Property.
<br /> Bonower shall promptly give Lender wrkten notice ot any investigation, claim, demand, lawsuit or other actlon by any govemmental
<br /> or regulatory agency or prNate party involving the Property end any Hazardous Substance or Envkonmental Law of which Bonower has
<br /> actuai knowledge. Ii BoROwer leams, or is notffied by any govemmental or regulatory authority, that any removal or other remediation
<br /> of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedfel actions in
<br /> accordance with Environmentai Law.
<br /> As used in this paragraph 20, "Hazardous Substances" are those substances defined as tox� or hazardous substances by
<br /> Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, tox� pest�ides and
<br /> herbicides, volatile solvents, materials containing asbestos or fonnaldehyde, and redioactive materials. As used in thls paragraph 20,
<br /> "Environmental Law" means federal laws and laws of the )urisdlction where the Property Is bcated that relate to heaRh, safety or
<br /> environmental protection.
<br /> NON-UNiFORM 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 Security 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 hom the
<br /> date the notice is given to Borrower, by wh(ch 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 Instrument 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 default is
<br /> not cured on or before the date specified in the notice, Lender a4 its option may require immediate
<br /> payment in full of all sums secured by this Security InsVument 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 /> applicable law to Borrower and to the other persons prescribed by applicable law. After the time
<br /> required by applicable 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 P�operty 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 pubilc announcement at the time and place of any previously
<br /> scheduled 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 recitals in the Trustee's deed shall be prima facie evidence of the t�uth
<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 °� of the principal amount of the note
<br /> at the tlme of the declaration of default, and reasonable attorney's fees as permttted by law; (b) to all
<br /> sums secured by this Securlty InsVument; and (c) any excess to the person or persons legally
<br /> entitled 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 Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee.
<br /> Trustee shall reconvey the Property without waRanty and without charge to the person or persons legally entkled to it. Such person or
<br /> persons shall pay any recordation costs.
<br /> 23. Substitute Trustee. Lender, at its option, may irom 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. Wkhout
<br /> conveyance of the Property, successor trustee shall succeed to all the tkle, power and duties confeRed upon Trustee herein end by
<br /> applicable law.
<br /> 24. Request for Notices. Borrower requests that copies of the noY�ces of defauft and sale be sent to Bonower's address
<br /> which is the Property Address.
<br /> 25. Rlders to this Security Instrument. if one or more riders are executed by Borrower and recorded together with
<br /> this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and shall amend and supplement
<br /> the covenants and agreements of this Security Instrument as ff the rider(s) were a part oi this Security InsWment.
<br /> Form 3028 B/BO
<br /> F102B.LM0 (10/97) Pags 4 0l 5
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