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<br /> � 17.Transfer of the Propert� o�enef�clal Int�ewest i°�Bldnr`transfcrried�and�rtwer h+nat�a n•aiurai pennn►w thout ' , . � .'
<br /> { �s cold ur tr.uisferced lor if a beneficial intere+t m& . . -
<br /> 1 Lender'� pnur written rnnsent. Lxnder ma}�. at it. option. require immediate payment in fuU uf aU wm. ,�tiurcxl by this � .
<br /> Security[n�trument. How�e�•er,thi.option tihall nut hc e�cercised by l.ender if exerciae i,prohibitc�by Crders!law as of the date _—
<br /> � of thi,Security (natrument. , � s
<br /> If Lender exerci�es this option.Leader shall give Bortower notice of accelerati<sn. The nutice shall provide a periud of not _
<br /> '' le.. than 30 day� from the date the notice is delivered or mailed within which Borr��wer mu,t pay xll +um, tiec:ured by this � _-
<br /> Security Instrument. If Borrower fails to pay these sums prinr tu the expiratiun uf thi+perioci, lxnder may imvke anr remedics -
<br /> permitted by this Security Instrument without furthzr notice or demand un Borrower. .. ,� Y�.
<br /> 18. BorroK�er's Right to Reinstate. lf Borrower meets certain runJitiuro. Borrower +hall have the right to have
<br /> enforcement of this Security Instrument discontinued at any time prior to the earfier of: la) 5 days lor,uch other period as • T
<br /> applicabte law may specify for rein�tatement) before sale of the Property pursuant to any power of wle contained in this _ i` �=_�- °�,��,
<br /> Security Instrument:or(b)entry of a judgment enforcing this Security Insuument.Those conditions are that Borrower:la)pays ^�,: .;
<br /> L.ender all sums which then would be due under this Security Instrument and the No[e as if no acceleration had occurreci: lb) •_ ,�`� : ._ 1:�=:.
<br /> cures any default of any other coveaants or agreements: lc) pays all expenses incurred in enforcing this Security Instrument. . __ ____ -
<br /> including, but not limited to, reasunable attorneys' fees: and(d)takes sach action as Lender may rea5onabiy require to assure _.`
<br /> that the lien of this Security Inst[ument. Lender's rights in the Property and Borrower's obligation to pay the sums secured by - _���j�i�_ �-
<br /> this Security Instrument shall continue unchanged. Upon reinstatement by Borrower, this Security instrument and the S, _,-. _ __ _
<br /> obligations secured heteoy shall remain fully effective as�f no acceleration had occurred. However,this nght to reinsiate shall ��F
<br /> not apply in the case of acceleration under paragraph 17• , � �_,
<br /> l9. Sale of Note; Change of I.oan Servtcer. The Note or a partial interest in the Note ttogeiher with this Security . �^3`
<br /> Instrument)may be sold one or more times without prior notice to Borrower. A sale may result in a change in the entity Iknown ;�.� _
<br /> as the°Loan Servicer")that collects monthly payments due under the Plote and this Security Instrument.There also may be one V.,,� ��—_
<br /> or more changes of the Loan Servicer unrelated to a sale of the Note.If there is a change of the Loan Servicer. Borrower will be ;�
<br /> , given written notice of the change in accordance with paragraPh 14 abo�e and applicable law.The notice will state the name and _ _ � :.X
<br /> address of the new Loan Servicer and the address to which paymentti should be cmde. The notice will also contain any other �;-:�._=
<br /> , � information required by applicable law. • : �"���
<br /> Z0. Ha�ardous Substances. Borrower shall not cause or permit the presence, use, disposal. storage, or release of any -� �..-
<br /> � Hazardow Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the ;� t�{� ;.
<br /> Property that is in violation of any Environmental Law- The preceding two sentences shall not apply to the presence. use, or , �_'�1r -
<br /> storage on the Propecty af small quantities of Hazardous Substances that are general{y recagnized to be appropriate to norma!
<br /> residential uses and to maintenance of the Property. . , , -�
<br /> Borcower shall promptly give Lender w ritten notice of any investigation,claim,demand, lawsuit or other attion by any :•., , �.:�
<br /> ovemmental or regulatory ages►cy or private party involving the Property and any Hazardou�Substance or Environcnenta!Law ,�;� �.
<br /> S ovemmental or regulatory authority.that � �: ;
<br /> of which Borrower has actual knowledge_ If Barrower learns,or is natified by any g �'{'
<br /> any removal or other remediation of any Hazardous Substance affecting the Property is necessary. Borrower shali pmmptly take '�.�•.�'
<br /> a11 necess remedial actions in accordance with Environmental Law. r hazardous substances by ,�� �•1,� � a'
<br /> ar5'
<br /> As used in this paragraph 20. "Hazardous Substances"are those substances defineci as toxic o , tji•. ,�;
<br /> Environmental Law and the following substances: gasaline, kerosene. other flammable �r toxic petroleum products, toxic _
<br /> • pesticid�and herbicides,volatile solvents,macerials containing asbestos or formaldehyde,and radioactive materials.As used in _-�r 4:,�� y:. w�
<br /> this paragraph 20. "Environmental Law" means federal laws and laws of the jurisdiction where the Property is tocated that Y�
<br /> r..:
<br /> relate to health,safety or environmental protection. '� `�'--
<br /> •" ' ' - ��--
<br /> NON-UNIFORM COVENANTS.Borrower and Lender further covenant and agree as follow�: : . ` �� �.::'_�,_. _
<br /> 21.Acceleration;Remedtes.Lender shall give nottce to Borro�rer prIor to acceleration foftowing Borrower's breach ,�,; y�;_� .,
<br /> . of any covenant or agreement In this Security Instrument (but not prtor to �cceleration ur�aler paragrapb 17 unless , . t :� �^,�,:-
<br /> applirable Iaw provtdes otherwise).The notice shall specii'y: (a)the default; tb)the action requirefl to cure the default; � ___
<br /> (c)a date,not less than 30 days from the date the notice is�iven to Borrower, by which the default must be cured;and . �,'`
<br /> (d)that fallure to cure the default on or befom the date specified in the notice may result in acceleratton of the sums _��
<br /> secured by this Secucity instrnment and sale of the Property. The nonce shall further inform Borrower of the right to .� �._,
<br /> reinstate after acceleratton and the right to bring a court action to assert the non-existence of a default or any other � .
<br /> defense of Borro�ver to acceleratton and sale. If the default is not cured on or before the date specified in the e�otice. ;�'�, _�--
<br /> Lender, at its option, may requlre immediate payment in full of al!sums secured by this 3ecurtty Instrument wtthmut ,.,_ ,.�•
<br /> further demand and may invoke the power of sale and any other remedies permttted by�pilt��udin�,bu tnot imited ���
<br /> entttled to collect a11 expenses incurred in pursuing the remedies provided in this paragrap , K �
<br /> � , = �-:-, .
<br /> to,reasonable attorneys'fees and costs of title evidence. ,y•��""
<br /> If the power of sale is invoked, Trustee shall rer.�rd a notice of default in each county in whIch any part of the _ ,y,-�:,,�,.
<br /> property is located and shaQ mail copies of such notice in the manner pr�scribed by applicable law to Borrower and to '�-�.�Y���,
<br /> the oiher persons prescribed by appltrable law.After the time required by applicable Iaw,Trustee shall give publtc notice .,..r� .ry
<br /> of sate to the persons and in the manner prescribed by appficable law.Trustee. without demand on Borrower,s6a11 sell ;..�,-•'.:� _-
<br /> the Property at public auction to the higiiest bidder at the time and place and under the terms designated in the notice of � `.�''�•� �
<br /> sate in one or more parcels and in any order Trustee determincs. Trustee may postpone sale of all or any parcel of the , � �, : ' �,
<br /> Property by punlic announcement at the time and place of any previously scheduled sale. I.�rtder or its desi&rtee may _ , , ._. ._
<br /> purchase the Property at any sale. :�
<br /> �'�.
<br /> Form 3028 9/90
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