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<br /> 17.Traacfer of the Propert�or a Beneficial intere+�t in Borrouer. If rU ur any pan uf thr Pmpeny ur am� mtere�t m rt ," ��
<br />' u u,IJ ur tr.�n+ferred���r�f a benrfirial iuter�wt in Burruwrr i.,uld ur tramfert�tii:tnd Burrowrr i,nut s natur.�l penuni without , �
<br /> Lender'y priur aritten cuntient, l.en der ma}�. a t i t� up t iu n• «c{u i rc +m n u d i a t r p a y m e n t in lult uf all +wn. �rrurcYi by this • .
<br /> � Security In.trumrnt. H��w��er.thi,option,haU nut he rrerci,cJ by l.en�srr�t ererri.r��pr�+hihit��l hy f�dera►taw a.uF thc date .
<br /> uf thiti Security In,trum�nt. � ,
<br /> If Lender ex�rci�e.thi+uption. Lender,hall give Borruaer n��ti«��f acrelrranun.The nourr>baU psuciJe a prriod u� nul
<br /> - les.�than 30 day� from the date the notice i� delivered or ma�lctii within H'Illl'Il B�ITI'ON"Ci mu�t pa} all +um. ticYUreJ by� this ,�
<br /> Se�:urity Intitrumen[. If Bo�ower fail+tu pay the+e�um,prior to thc cxpiration i�f thi+periuJ. L,�:ndcr m:i} imukr any remedie� _ __ ___-___ _. .^,
<br /> , permitted by this Security(n.�wment without funher notice or demand on Borrower. � . . F
<br /> 18. Borro«'er's R lg h t to Re i t u t u t e. I f &i r r o w e r m e e ts certain cunditium. Burruwer .hall ha<< the nght to h.a.e , �:.
<br /> enforcement of thi+ Sewrity Imtrument discontenued at any time pnor to the earlier uL• �a)S day. (��r,uch other period as �` .
<br /> applirable law may �pecify for reinstatemenU before sale of the Pmperty pursuant t+� :u�y power of+ale conGtined in this ,. '`�
<br /> Security In,trumenr,or 1b)entry of a judgment enforcing this Securiry Instrument.Those condition�are that Borrower:(a)pays �
<br /> Lender all sum.ti which then would be due under this Securiry Instrument and[he Note a� if no aa:eleration had occurred: (b) Y , . 5'
<br /> cures any default of any other covenants or agreements: (c)pays all expea�es incurred in enforcing this Security Instrument. � . • � ,, .�.'t>
<br /> including,but not limited to, reasonable attorneys' fees; and(d)takes such action as Lender may reasonably requtre to assure (
<br /> that the Iien of this Security Insirument. Lender's rights in the Property and Borrower's obligation to pay the sums secured by , �.:�;� �`
<br /> , this Security Inctrument shali continue unchanged. Upon reinstatement by Bonower, this Security Instrument and the ��y�_��
<br /> obligations secured hereby shall remain fully effective as�f no acceleration had occutteel. However, this righi to reinstate shall
<br /> not apply in the case of acceleration under paragraph 17. � �"'
<br /> ,. .. _ ,....:._.�
<br /> 19. Sate of lYote; Change of Loan Servicer. The Note or a partial interest in the Note ttogether with this Security _ `" .•�•,�x...;..-
<br /> [nstrumenU may be sold one or more times without prior notice ta Borrower.A sale may result in a change in the entity(known t �
<br /> ,_:,.�ar- i�.
<br /> as the"Loan Servicer")that collects monthly paymenu due under the l�[ote and this Securiry Intitrument.There also may be one 7�-�.
<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 , ,.. t _, •' .
<br /> given written notice of the change in accordance with paragraph 14 above and applicable law.The notice will state the name and _ , :=_:�
<br /> +,. -
<br /> address of the new L.oan Servicer and the addre+s to which payments shauld be made. The nutice will also contain any other � ,:.,.��
<br /> informatian required by applicable law. , � '� �
<br /> 20. Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, srorage, or releatie of any
<br /> '. Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the : � '�,��
<br /> Hazardotu `��r,
<br /> Property that is in violation of any Environmental Law. The preceding two sentences shali not apply to the presence, use, oc __ � - . ,. t
<br /> storage on the Property of small quantities of Hazardous Substances that are generally rerogni-rxd to be appropriate to nomial
<br /> � residential uses and to maintenance of the Property. • ' �:
<br /> .� Borrower shall promptly give l.�nder written notice of any investigation, claim.demand, lawsuit or other action by any , .
<br /> ; governmental or regulatory agency��r private party involving the Property and any Hazardous Substance or F.nvironmental Law „ �"�' ;
<br /> of which Barrower hati actual knowledge. !f Borrawer learn�. a� is nutified by any govemmental or regulatory authurity,that .
<br /> • any removal or ather remediation of any Hazardou+Substance at'fecting the Pn�perty��necessary. Barrower shall promptly take .�. J~
<br /> all nece�wry remedial actiuns in aceord:uice w�th Environmental Law. "" °,. : . � ��
<br /> � A.u�cd in this pa►agraph 2U. "Haz:irdous Substanre,"are tho,e substances defined uti toxic or hazardous sub+tances by , �.J . : � �� �; •
<br /> Environmental Law and the fi�llowin� wbtiwnce.w: ga�oline. keru+ene. other flammable or toxic petroleum praducts, taxic ,�1;F ; _
<br /> - pe.ticide.anJ hefiicides,volatile sulvent�c, materials cantaining a�bestos or formaldehyde.:►nd radivactive materials.As u�td in _�_T • s.�_
<br /> [hi. paragraph 20. "Environmental L:iw" means fedcral laws and laws af the jurisdiction where the Pmperty is located that + '�'. • .
<br /> relate to health.,afcty or cnvironmental protection. - -: _, � -�'
<br /> NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree ati follows: �,;� " _,I�i�!===
<br /> 21.Acceteration;Remed[es. Lender shall give notice to Borrower prior to acceteeation foflowing Borrower's breach �
<br /> of any covenant or a�rePment in this Security Instrument (but not prior to acceleration under paragraph 17 unless '�••,' ��:'.:~.•:—.
<br /> : ', applicable taw provides otherwise).The notice shap spec(i'y: (a)the defauit;(b)the action required to cure the default; _�=�-��`==� _
<br /> '���,�,.-�• ,�,�_
<br /> (c)a date, not less than 30 days from the date the nottce is given to Borrowee. by which the default must be cured;and •
<br /> (d)that Pailure to cure the default on or before the date speciiied in the notice may result in acceleration af the sums ���*�_
<br /> '. secured by this Security Instrument and sale of the Property. The notice sfiaU further inform Borrower of the right to —
<br /> - - reinstate after acceleration and the rifiht to brin� a court actton to assert the non-existence of a default or any other _ _, `�'.� _.
<br /> defense of Borrower to acceleration and sale. If the default is not cured on or before the date specitied in the notice, ��;-�i�;,.,,��
<br /> Lender.at its optton, may require immediute paymeni in full of all sums secured by this Security instrnment without , �.-..:,:,�.-m��=.
<br /> � further demand and may invoke the power of sale and any other remedies permitted by applicablc law. Lender shatl6e :,.J.��,,��.,••_
<br /> entitled to coltect all expenses incurred in pursuing the remedies provided in this paragraph 21.including,but not limited _�_ __-
<br /> to,reasonabte attorneys'Pces and costs oi title evidence. �, +��.•��.-_=-��-..�r;�
<br /> If the power of sale is 3nvoked, Trustee shall record a notice of default in each coanty in which any part of the � ..,T�::,_�.
<br /> Property is lo�ated and shall mail copies of such notice in the manner prescribed by appllcable law to Borrower and to _' ,.,,,_.-:--.-�,
<br /> ' the other persons prescrlbed by appficable law.After the time required by appltqble Ia�r,Trustee shaU�ive public nottce .
<br />' of sale to the persons and in the manner prescribed by applirable law.TnLStee,without demand an Borrawer.shaU seU . •
<br /> the Property at public anction to the highest bidder at the time and place and under the terms designated in the notice of , , :_;� .,
<br /> � sale in one or more parcels and in any order Trustee determines. Tn�stee may postpone sale of all or any parce!of the � i •
<br /> ' Property by public announcement at the time and place of any previou�ly schednled sale. I.ender or its desi�nee may ,
<br /> purchase the Property at any sale. ` '
<br /> . �Ee�'.`�..'.;'-
<br /> Form 3028 9/90 ' •
<br />� Caqu 5 ot 6 ' . • '
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