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<br /> � . . 97-� i�2i�96 �:`. �_..� � _.
<br /> . � 17.Transfer of the Property or a Beneffcial Interest in Borrower.If all or any part of the Property or any interest in it ' ` •
<br /> , is soid or aansferred(or if a beneficial interest in Borrower is sold or transfierred and Boanwer is no[a naturel persnn)without �
<br /> i.ender's paor writien consent, Lxnder may, at its opdon, requue immediate payment in full of all swns secured hy this • _-
<br /> : Security Insuument.However,this option shall noc be exercised by L.ender if exercise is pmhibited by federal!aw a+af the date � . � --
<br /> � of this Security Insnument. � . �. .�
<br /> if L,ender exereises this opiion,i,ender shaU give Borrower notice of acceleration.The notice shall provpde a period of not t. , �~ ��°'
<br /> `� less than 30 days from the date the nodce is delivered or mailed within wiuch Eorrower must pay aU svms secured by this t .` _ ..
<br /> Secvrity Insaument. If Borrower fails to pay these sums prior to the expiration of this period,Ixnder may invoke any remedies �
<br /> . � pernvtted by this Security Instrument wichout fiuther nodce or demand on Barrower. � ___ -_
<br /> , IS. Borrawer's [iight to P.e€�astafe. If Borrower meets certain condiaons, Borrower shall have the right to dave - .—. . . -
<br /> � enforcerr�ent of this Securiry Insuument discondnued at any time prior w the earlier of_ (a) 5 days (or such other period as
<br /> ,j applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in diis _'• ' � : "� L
<br /> � *��
<br /> � Security Instrument•or(b)entry of a judgmeni enforcing this Security Instrument.Those condiuons are that Borrower.(a)pays � ,,,,,__ ,_��r--
<br /> . Lxntler aU sums which then would be due under this Security f�mument and the Note as if no acceleration had occurred; (6) ''��'���==:-�_-
<br /> aues any default ef any other cwenants or agreemenrs; (c) paqs all expenses incurred in enforcing this Security Insaumen[, - �� :�.;.
<br /> including, but not limited w, reasonable attorneqs' fees;and (d)takes such acaon as Lender may reasonably iequire to asswe f • �
<br /> that the lien of this Security Instrument, I.ender's rights in the Property and Borrov✓er's obligaaon to pay the sums secured by i • '�,��_
<br /> this Security Instnnnent shall continue unchanged. Upon reinstatement by Barrower, this Secunty Inswument and the ; �.��,�:
<br /> ' obli tions secuTed hemb shall rc:main full effective as if no acceleiadon had occurred. However,this ri t to mimYate shall ; � . ,�;� -�_�
<br /> Sd Y Y 8h ,. �=.�.�
<br /> , � not apply in the case of accelerauon under paragraph 17. ;.. . �• .• ���.~ "
<br /> <� 19. Sale of PTote; Change of Loan Servlcer. The Note or a partial interest in the Note{wgether with ti�is Sec,vriry . _" �- ,
<br /> Insuument)may be sold one or more times wirhout prior notice to Borrower.A sale may resalt in a change in the entiry(known . r. ��.� �„
<br /> as the"Loan Servicer")that collects monthlp payments due under the I�Iote and tbis Security Ins�trument.There alsu may be one •,: ;.::�;�
<br /> or more changes of the Loan Servicer anrelated to a sale of the Noce. If chere is a change of the Loan Servicer.8orrower will be � �'���.
<br /> given written node�of the change in accordance with paragraaph 14 above and applicable law.The nodee will state the aame and ���-�„__�
<br /> ad�of the new Loan Servicer and the address to wtrich paymenu should be made.The notice arill also contain any other �_.�, _,:^_�,,n
<br /> infonnation reqnired by applicable law. . _ . _.
<br /> 1A. Hardrdous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any � •.���.��'
<br /> ' Hazardous Substances on or in the Property. Borrower shaU not do, nor allow anyone else w do, anything affecdng the - ��•-`�
<br /> Property that is in violadon of any Emrironmental Law. The preceding two sentences shall noi apply to the presence,use, or �,;*y', �
<br /> storage on the Property of small quantides of Hazardous Substances that are generally recognized to 6e appmpriate to normal � _.�•y�.p�:_:
<br /> residenrial uses and w maintenance of the Property. � ' '-'-=-
<br /> ' Hoaower shall prompdy give Lender written notice of any urvestigadon, claim,dcmand, lawsuit or other acdon by any � ;.z•. '`�`
<br /> , governmenral or regulatory agency or private party iuvolving the Property and any Hazardous Substance or Emiro�ental Law -�""' '
<br /> of wtuch Borrower 6as actual knowledge. If Boaower learns.or is notified by any govemmental or regulator�anthority. that �`'��=':: _ �
<br /> any removal or other remediation of any Hazardous Substance affecdng the Praperty is necessary, Borrower shall prompdy take
<br /> ' .. all necessary remedial acdons in accordance with Environmental Iaw. : .
<br /> . As used in this paiagtaph 20, "Ha7ardous Sobstances" are those substances defined as toxic or hazardous substances by .,�.. ;,� �-�
<br /> Hmironmental Law and [he following substancc�: gasolins, kerosene, other flammable or toaic petroleum products, toxic , _ r ��
<br /> pesticides and herbicides,volatile solvents,materials containing asbestos ar formaldehyde,and radioactiv�materials. As osed in ,,,;�;,,,� �° •-��� -. '�
<br /> � this paragraph 20, "Environmenral Law" means federal laws and laws of the jnrisdic6on where the Property is located tl�at �
<br /> . .z�,;_... �
<br /> relate to 6ealth,safety or envimnmental protecdoa • ,.�,��. . ;f �=�
<br /> -� ' NON-IJNIFORrii COVENANTS. Borrower and Lender further cavenant and agree as fallows: -�-r°�• �� ' -'
<br /> . 21.Acceteration;Remedi�s. Lender shall give notIce to Borrower pr�or to acceleration following Sarrower's breuch " • �� .�� °`�
<br /> . of any covenant or agree�mem tn this Security instrumeat (but �aot prEor to acceleratlon �mder paragraph 17 �less �'�'';;`•`` ,- �'-
<br /> �x.�.
<br /> applicable law pmvides otherwLse).TQie notice shall spedfy: (a)the defaalt;(b)the adion required to c�e the deFadt; ... ��=
<br /> � (c)a date,not Iess than 30 days from the date the noHce is given to Borrower,by�vhich thc default must be c�ed; and � = �'.�' �'•
<br /> � (�that failcQe to c�e the default on or before the date speci�ied in the notfce may resul4 in acceleration of t6e sumg -
<br /> . secared Ay tWs Securtty YnstnIInent and sate of the Property.The nottce shall fiuther inform Borrower of the right to . ° =�?=_-_°'�
<br /> relnstate after acceleration und the right to bring a com4 action to assert the non-�stenoe of a defanit or any olher ,.,.,,;; ��-�—�
<br /> � ' defease of Borrower to accelerat�on end sale. If t6e defaalt is not cmed on or before the date speclt3ed in the natioe, ;;s-:,,:��'=
<br /> Lender, at its optton, may require immediate payment in full of aU swns se�ured bg this Sec�vity Instrument without � _ '''�°�%'-,
<br /> further demand and may imoke the power of sale and any other remedtes pe�nItted by appltcable taw.Lender shall be ",' '
<br /> emiUed to coUect s(I e�cpenses inc�ured in pursutng the remedles provided in tWs paragrap�h 2l,[nduding,b�rt nat Umited _ ;����-
<br /> � to,reasonable attorneys'fces and costs of titte evtdence. ' , _ ' �•
<br /> � IP the power of sale ls invoked, Trustee shall record a notice of defaailt in each county in which any part of the °
<br /> � Properiy is located and shall mail copieg of such notice in the manner prescrIbed by appttcable law to Borrower and to :
<br /> � the other persons prescribed by applicable law.After the time req�ilred by applicable taw,Trustee shall give publtc notice ' � • �
<br /> of sale to the persoas and in the manner prescribed by appllcable law. Tnutee,without demand on Borrower,shaU seU � ' • ��
<br /> the Property at pu6llc sudion W the highest bidder at the time and place sud under the terms designated in the notice of • . '
<br /> • sale in one or more parcels and in any order Tnutee ddermirtes.Tnutee may postpone sale of all or any parce!of the . �• '
<br /> Prope�ty by public announcement at the Hme and place of any prevlously scheduied sale_ Lender or its desIgnee may •
<br /> purchase the Property at any sale.
<br /> i .
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<br /> '. .i Form 3028 9/90 " .
<br /> ; ��-BRINE)rez�z�.oi Pege 5 ef B �Nt�y�:�_
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