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J�3- 1t�2953
<br /> 16.Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument�
<br /> 17.Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest in it is
<br /> soPd or transfeaed (or if a bene�cial interest in Borrower is sold or transfened and Borrower is not a natural person) without
<br /> Lender's prior written consent,Lender may, at its opdon,require immediate payment in full of all sums secured by this Security
<br /> Inswment However, this opdon shall not be exercised by Lender if exeacise is prohibited by federal law as of the date of this
<br /> Security Instrumen�
<br /> If Lender exercises this option,Lender shall give Bonower nodce of acceleration.The notice shall provide a period of not less
<br /> than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Security
<br /> Instrumen� If Borrower fails to pay these sums prior to the ezpiration of this period,Lender may invoke any remedies permiuzd
<br /> by this Security Instrument without further notice or demand on Borrower.
<br /> 18.Borrower's Right to Reinstate. If Bonower meets certain conditions, Bonower shall have the right to have
<br /> enforcement of this Secunty Instrument 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 /> Inswment;or(b)entry of a judgment enforcing this Security Instr�ment 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 ezpenses incurred in enforcing this Security Instrument, including,but
<br /> not limited to,reasonable attorneys' fees;and(d)takes such acdon as Lender may reasonably require to assure that the lien of this
<br /> Security Instrument, L.ender's rights in the Property and Bonower's obligation to pay the sums secured by this Security
<br /> Instrument shall continue unchanged. Upon reinstatement by Borrower, this Security Instrument and the obligadons secured
<br /> hereby shall remain fully effecdve as if no acceleration had occurred. However,this right to reinstate shall not apply in the case of
<br /> �cceleration under paragraph 17.
<br /> 19.Sale of Note;Change of Loan Servicer. The Note or a partial interest in the Note (together with this Secarity
<br /> Inswment) may be sold one or more times without prior nodce to Borrower. A sale may result in a change in the entity (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 to a sale of the Note. If there is a change of the Loan Servicer, Bonower will be
<br /> given written notice of the change in accordance with paragaph 14 above and applicable law. The notice 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 quandties of Hazardous Substances that are generally recognized to be appropriate to normal residential uses
<br /> and to maintenance of the Property.
<br /> Bonower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other acdon by any
<br /> govemmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law
<br /> of which Bonower has actual knowledge. If Borrower learns,or is norified by any governmental or regulatory authority,that any
<br /> removal or other remediadon 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" aze 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 /> pesdcides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As used in
<br /> this paragraph 20, "Environmental 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.Boaower 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 Instrumeut (but not prior to acceleration under paragraph 17 unless
<br /> appGcable law provides otherwise).The notice s6a11 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 w6ich the default must be cured; and (d)
<br /> that failure to cure the default on or before the date specified 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 applicable law,Trustee shall give public notice of
<br /> sale to the persons and in the manner prescribed by appGcable law. Trustee,without demand on Borrower,shall sell the
<br /> Property at public auction to the 6ighest bidder at the time and place and under the terms designated in the notice of sale
<br /> Form 3028 9/90
<br /> �-6R(NE)�s2�z>.o� Page 5 016
<br /> Initials:
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