Laserfiche WebLink
�t�- 1�2928 <br /> 16.Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. <br /> 17.Trahsfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest in it is <br /> sold�or transfened (or if a beneficial interest in Borrower is sold or transferred and Bonower is not a natural person) without <br /> Lender's prior written consent,Lender may,at its option,require immediate payment in full of all sums secured by this Security <br /> InsWment. However, this option shall not be exercised by Lender if exercise is prohibit,ed by federal law as of the date of this <br /> Security Inswment <br /> If Lender exercises this option,Lender shall give Bonower notice of acceleration.The nodce shall provide a period of not less <br /> than 30 days from the date the notice is delivered or mailed within which Bonower must pay all sums secured by this Security <br /> Inswment� If Bonower fails to pay these sums prior to the expiradon of this period,Lender may invoke any remedies permitted <br /> by this Securiry Instrument without further nodce or demand on Bonower. <br /> 18.Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrower shall have the right to have <br /> enforcement of this Sec�uity Inswment discontinued at any time prior to the earlier of: (a) 5 days (or 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 Security <br /> Instrument;or(b)entry of a judgment enforcing this Security Instrumen�Those conditions are that Borrower: (a)pays Lender all <br /> sums which then would be due under this Security Instrument and the Note as if no acceleration had occurred; (b) cures any <br /> default of any other covenants or agreements; (c)pays all expenses incurred in enforcing this Security Instrument, including,but <br /> not limited to,reasonable au.orneys' fees;and(d)takes such action as Lender may reasonably require to assure that the lien of this <br /> Security Instrument, Lender's rights in the Properly and Bonower's obligadon to pay the sums secured by this Security <br /> Instrument shall continue unchanged. Upon reinstatement by Borrower, this Security Instrument and the obligations secured <br /> hereby shall remain fully effective as if no acceleration had occurred.However,this right to reinstate shall not apply in the case of <br /> acceleration under paragraph 17. <br /> 19.Sale of Note;Change of Loan Servicer. The Note or a partial interest in the Note (together with this Security <br /> Inswment) may be sold one or more times without prior notice to Borrower. A sale may result in a change in the endty (known <br /> as the"Loan Servicer")that collects monthly payments due under the Note and this Security Inswment�There also may be one or <br /> more changes of the Loan Servicer unrelated w a sale of the Note. If there is a change of the Loan Servicer, Borrower will be <br /> given written nodce of the change in accordance with paragraph 14 above and applicable law. The nodce will state the name and , <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 applicable law. <br /> 20.Hazardous 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 shall not do,nor allow anyone else to do,anything affecting the Property <br /> that is in violation of any Environmental Law.The preceding two sentences shall not apply to the presence,use,or storage on the <br /> Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses <br /> and to maintenance of the Property. <br /> Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other acdon by any <br /> governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Envuonmental Law <br /> of which Borrower has actual knowledge. If Bonower learns,or is noti�ed by any governmental or regulatory authority,that any <br /> removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower shall prompfly take all : <br /> necessary remedial actions in accordance with Environmental Law. <br /> As used in this pazagraph 20, "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 : <br /> pesticides and herbicides, volatile solvents, materials con[aining asbestos or formaldehyde, and radioactive materials. As used in <br /> this paragraph 20, "Environmenral Law" means federal laws and laws of the jurisdiction where the Property is located that relate : <br /> to health,safety or environmental protection. : <br /> NON-UNIFORM COVENANTS.Bonower and Lender further covenant and agree as follows: : <br /> 21.Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of : <br /> any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraph 17 unless <br /> applicable law provides otherwise).The notice shall specify: (a) the default; (b)the action required to cure the default; (c) <br /> a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured; and (d) <br /> that failure to cure the default on or before the date speci�ed in the notice may result in acceleration of the sums secured <br /> by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to reinstate <br /> after acceleration and the right to bring a court action to assert the non-existence of a default or any other defense of <br /> Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, Lender, at its <br /> option, may require immediate payment in full of all sums secured by this Security Instrument without further demand <br /> and may invoke the power of sale and any other remedies permitted by applicable law.Lender shall be entitled to collect <br /> all expenses incurred in pursuing the remedies provided in this paragraph 21, including, but not limited to, reasonable <br /> 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 any part of the <br /> Property is located and shall mail copies of such notice in the manner prescribed by applicable law to Borrower and to the <br /> other persons prescribed by applicable law. After the time required by appticable law,Trustee shall give public notice of <br /> sale to the persons and in the manner prescribed by applicable law. Trustee,without demand on Borrower, shall sell the <br /> Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale <br /> Form 3028 9/90 <br /> � -6R(NE)(9212).Oi Pape 5 ot 8 Inhlals: ' <br /> � ---- <br /> i,. <br /> �' � M.I . .. ' _ <br />