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98_ 1U3Q4U
<br /> 1 G. Borrower's Copy. Rorrc�wer shall be given one conformed copy of the Note and of this Security Instrument.
<br /> 17. Transfer of the I'roperty or a Beneficial Interest in Borrower. If all or any part of the Property or any
<br /> interest,in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a
<br /> natural�person) without I_ender's prior written consent, Lender may, at its option, require immediate payment in full of
<br /> all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is
<br /> prohibited by federal law as of the date of this Security Instrument.
<br /> If Lender exercises this c�ption, Lender shall give Borrower notice of acceleration.The notice shall provide a period
<br /> of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured
<br /> by this Security Instrument.If I3c�rrower fails to pay these sums prior to the expiration of this period,Lender may invoke
<br /> any remedies permitted by this Security Instrument without further notice or demand on Borrower.
<br /> 18. Borrower's Right tc� Reinstate. If I3orrower meets certain conditions, Borrower shall have the right to have
<br /> enforcement of this Security Instri�ment discontinued at any time prior to the earlier of: (a) S days (or such other period
<br /> as applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in
<br /> this Securit Instrument; or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that
<br /> Borrower: �) pays Lender all sums which then would be dve under this Security Instrument and the Note as if no
<br /> acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in
<br /> enforcing this Security Instrument,including, but not limited to, reasonable attorneys'fees; and (d) takes such aetion as
<br /> Lender may reasonably require to assure that the lien of this Security Instrument, Lender's rights in the Property and
<br /> Borrower's obligation to pay the sums secured by this Security Instrument shal l continue unchanged.Upon reinstatement
<br /> by Borrower,this Security Instrument and the obligations secured hereby shall remain fully effective as if no acceleration
<br /> had occurred.However,this right to rei nstate shall not apply in the case of 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 /> Instrument)may be sold one or more times without prior notice to Borrower. A sale may result in a change in theentity
<br /> (known as the "Loan Servicer") that collects monthly payments due under the Note and this Security Instrument.There
<br /> also may be one or more changes c�f the I,oan Servicer unrelated to a sale of the Note. If there is a change of the Loan
<br /> Servicer, Borrower will be given written notice of the change in accordance with paragraph 14 above and applicable law.
<br /> The notice will state the name and address of the new Loan Servicer and the address to which payments should be made.
<br /> The notice will also contain any other information required by applicable law,
<br /> 20. Hazardous Substances. Rorrower shall not cause or permit the presence, use, disposal, storage, or release of
<br /> any 1lazardous Substances on or in the I'roperty. I3orrower shall not do, nor allow anyone else to do, anything affecting
<br /> the Property that is in violation of any Lnvironmental Law.The preceding twc�sentences shall not apply to the presence,
<br /> use, or storage on the I'roperty of small yuantities of Hazardous Substances that are generally recogniaed to be
<br /> appropriate to normal residential uses and to maintenance of the Property.
<br /> 13orrower shall promptly give Lender written notice of any investigation,claim,demand, lawsuit or other action by
<br /> any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or
<br /> Environmental Law of which Borrower has actual knowledge. If Borrower learns, or is notified by any governmental or
<br /> regulatory authority, that any removal or other remediation of any Hazardous Substance affecting the Property is
<br /> necessary, Borrower shall promptly take al l necessary remedial actions in accordance with Environmental Law.
<br /> As used in this paragraph 20, "I lazardous Substances" are those substances defined as toxic or hazardous substances
<br /> by Lnvironmental Law and the follo�ving substances: gasoline, kerosene, other flammable or toxic petroleum products,
<br /> toxic pesticides and herbicides, ��olatile solvents, materials containing asbestos or formaldehyde, and radioactive
<br /> materials. As used in this paragraPh 20, "l;n��ironmental Law" means federal laws and laws of the jurisdiction where the
<br /> Property is located that relate to health,saf'et}�or environmental protection.
<br /> NON-UNIFORM COVI:NAN'I'S. Rorr<�wer and Lender further covenant and agree as follows:
<br /> 21. Acceleration; Remedies. I,ender shall give notice to I3orrower prior to acceleration following
<br /> Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to acceleration
<br /> under paragraph 17 unless applicable la�v provides otherwise). The notice shall specify: (a) the default; (b) the
<br /> sction required to cure the default; (c) a date, not less than 30 days from the date the notice is given to
<br /> Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the date
<br /> spec�fied in the notice may resuit in acceleration of the sums secured by this Security Instrument snd sale of
<br /> the 1 roperty. T'he notice shall f�rther infc�rm Borrower of the right to reinstate after acceleration snd the
<br /> right to bring a court action tc� assert the non-existence of a default or any other defense of Borrower to
<br /> acceleration and sale. If the default is nc�t cured on or before the date specified in the notice, Lender, at its
<br /> option, may require immediate paymer�t in full of all sums secured by this Security Instrument without
<br /> further demand and may invoke the pc��ver of sale and any other remedies permitted by applicable law,
<br /> Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph
<br /> 21, including, but not limited tc�, reasonable attorneys' fees and costs of title evidence.
<br /> If the power of sale is invoked, "I'rustee shall record a notice of default in each county in which any part of
<br /> the I'roperty is located and shall mail copies of such notice in the manner prescribed by applicable law to
<br /> Borrower and to the other persons prescribed by applicable law. After the time required by applicable law,
<br /> Trustee shall give public notice of sale to the persons and in the manner prescribed by applicable law.Trustee,
<br /> without demand on I3orrower, shall sell the I'roperty at public auction to the highest bidder at the time and
<br /> place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee
<br /> determines. "I'rustee may postpone sale of all or any parcel of the Property by public announcement at the
<br /> time and place of any previously scheduled sale. Lender or its designee may purchase the I'roperty at any
<br /> sale.
<br /> �-6RINEIcaz,ai.oi Form 302 /90
<br /> P�ga 5 oi 8
<br /> Initials:
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