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18. Borrower's Right to Rein8t8te. If Borrower meets certain condkions, Borrower shali have the right to have
<br /> enforcement ot thfs Security Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other period as applicable
<br /> law may sper,ify for reinstatement) before sale of the Property pursuant to any power of sale contained in this Security Instrument; or
<br /> (b) e�ry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums whbh then
<br /> would be due under this Securky Instrument and the Note as if no acceleration had occuned; (b) cures any defauk of any other
<br /> covenant or agreements; (c) pays all expenses fncurred h enforcing this Security Instrument, including, but not limked to, reasonable �
<br /> attomeys' fees; and (d) takes such action as Lender may reasonably requke to assure that the Ifen of this Securky Instrument, Lender's �
<br /> rights in the Property and Bonower's obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon �
<br /> reinstatement by Borrower, this Security Instrument and the obligations secured hereby shali remain luly effective as ff no acceleratbn �
<br /> had occurred. However, this right to reinstate shali not apply � the case of acceleration under paragraph 17. �
<br /> 19. Sale of Note; Change of Loan Servicer. The Note or a pertial interest fn the Note (together with this Securky �
<br /> Instrument) may be sold one or more times without prior notice to Borrower. A sale may resuk in a change in the entky (known as the
<br /> "Loan Servber") 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 is a change of the Loan Servicer, Borrower wtll be given written �
<br /> notice of the change in accordance with paragraph 14 above and appiicable 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 not�e will also contaln any other fnformation required by
<br /> applicable law.
<br /> 20. Hazardous Substances. BoROwer shall not cause or permk the presence, use, disposal, storage, or release of any
<br /> Hazardous Substances on or in the Property. BoROwer shall not do, nor albw anyone else to do, anything affecting the Property that
<br /> is in violation of any Environmental Lew. The preceding two sentences shall not apply to the presence, use, or storage on the
<br /> Property of smail quantkfes of Hazardous Substances that are qene�aly recoQnized to be appropriate to nortnal residential uses and to
<br /> maintenance of the Property.
<br /> Borrower shall promptly give Lender wrkten notice of any investigation, clsim, demand, tawsuft or other actton by any govemmental
<br /> or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law ot wh�h Borrower has
<br /> actual knowledge. If Borrower leams, or is notHied by any govemmental or regulatory authorky, that any removel or other remediation
<br /> ot any Hazardous Substance aNecting the Property is necessary, Borrower shall prompty take all necessary remedisl actions in
<br /> accordance wfth Envi�onmental Law.
<br /> As used in this paragraph 20, "Hazardous Substances" are those substances defined as tox� or hazardous substances by
<br /> Env&onmental law and the following substances: gaso8ne, kerosene, other tlammabie or toxic petroleum products, toxic pesticides and
<br /> herbicides, volatile solvents, materiels containing asbestos or formaldehyde, and radioactive materials. As used in this paragraph 20,
<br /> "Environmental Law" means federal laws and laws of the jurisd�tion where the Property is located that relate to health, satety or
<br /> environmental protection.
<br /> NON-UNIFORM COVENANTS. Borrower and Lender turther 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 nottce shall specity:
<br /> (a) the default; (b) the action required to cure the defautt; (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 Instrument and sale of the Property. The notice shall further inform
<br /> Borrower of the right to reinstate after acceleration and the rtght to bring a court actton 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 at its option may require immediate
<br /> payment in full of all sums secured by this Security Instrument without further demand and may
<br /> invoke the power of sale and any other remedies permttted by applicable law. Lender shall be
<br /> entitled to collect all expenses incurred in pursuing the remedies provided tn this paragraph 21,
<br /> including, 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 Property at publtc
<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 parceis and in any order Trustee determines. Trustee may postpone sale of all
<br /> or any parcel of the Property by public announcement at the tlme and piace 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 dellver to the purchaser Trustee's deed
<br /> conveying the Property. The recitals 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) tc 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 time of the declaration of default, and reasonable attorney's fees as permftted by law; (b) to all
<br /> sums secured by this Security InsVument; and (c) any excess to the person or persons legally
<br /> entitled to it.
<br /> 22. Reconveyance. Upon paymeni of all sums secured by this Security instrument, Lender shall request Trustee to reconvey
<br /> the Property and shall surrender this Security �nstrument and all notes evidencing debt secured by this Security Instrument to Trustee.
<br /> Trustee shall reconvey the Property wfthout warranty and without charge to the pe�son or persons legally entkled to k. 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 wh�h this Security Instrument is recorded. Without
<br /> conveyance o} the Property, successor trustee shall succeed to all the title, power and duties conferred upon Trustes herein and by
<br /> applicable �aw.
<br /> 24. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Bonower's address
<br /> which is the Property Address.
<br /> 25. Riders to this Security InsVument. If one or more riders are executed by Borrower and recorded together with
<br /> this Security Inshument, the cove�ants and agreements of each such rider shall be incorporated into snd shall amend and supplement
<br /> the covenants and agreements of this Security Instrument as H the rider(s) were a part of this Security Instrument.
<br /> Form 3028 0/60
<br /> F102B.LM0 (10/97) Paps 4 0l 5
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