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18. Bo�rower's Right to Reinstate. If Bonower meets certain conditions, eorrower shall have the right to have
<br /> enforcement cf this Security Instrument discontk�ued at any time prior to the earlier of: (a) 5 days (or such other period as appl(cable
<br /> law may specify for reinstatement) be(ore sale of the Property pursuant to any power of sale contained in this Security Instn�ment; or �
<br /> (b) entry of a judgment enforcing this Securky �nstrument. Those condRions are that Borrower: (a) pays Lender all sums which then �
<br /> would be due under this Security instrument and the Note as if no acceleration had occurred; (b) cures any defauft of any other '
<br /> covenant or agreements; (c) pays all expenses incuRed in enforcing this Security Instrument, including, but not limited to, reasonable
<br /> attomeys' fees; and (d) takes such action as Lender may reasonably require to assure that the lien of this Security Instrument, Lenders �
<br /> rights in the Property and BoROwer's obligation to pay the sums secured by th(s Security Instrument shall continue unchanged. Upon �
<br /> reinstatement by Borrower, this Security Instrument and the obligations secured hereby shall remain fully effective as 'rf no acceleration W
<br /> had occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraph 17. F„�
<br /> 19. Sale of Note; Change of Loan Servicer. Tne Noce or a pertial interest in cne rvoce (together wtcn tnis securicy Q
<br /> Instrument) may be sold one or more times wkhout prior notice to Bort'ower. A sale may resuft in a change k� the entky (known as the �
<br /> "Loan Servicer") that collects monthly payments due under the Note and this Security instrument. There also may be one or more
<br /> changes of the Loan Servicer unrelated to a sale of the Note. I( there is a change of the Loan Servicer, Bonower will be given written
<br /> notice o( the Change in accordance with paragraph 14 above and applicable law. The notice will state the name and address of the
<br /> new Loan Servicer and the address to which payments should be made. The notice will also contain any other information required by
<br /> 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 that
<br /> is in violation of any Environmental Law. The precedfng two sentences shall not apply to the presence, use, or storage on the
<br /> Property o( small quantities of Hazardous Substances that are qenerally recopnized to be appropriate to normal residential uses and to
<br /> maintenance of the Property.
<br /> Borrower shall promptly give Lender written notice o( any investigation, claim, demand, lawsuit or other action by any governmental
<br /> or regulatory agency or prNate party invoNing the Property and any Hazardous Substance or Envkonmental Law ot which Borrower has
<br /> actual knowledge. If Borrower learns, or is notified by any governmental or regulatory authority, that any removal or other remedietion
<br /> o( any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial act(ons in
<br /> accordance with Environmental Law.
<br /> As used in this paragraph 20, "Hazardous Substances" are those substances defined as tox� or hazardous substances by
<br /> Environmental Law and the following substances: gaso�ine, kerosene, other flammabie or toxic petroleum products, toxic pesticides and
<br /> herbicides, volatile soNents, materials containing asbestos or formaldehyde, and radioactive materials. As used in this paragraph 20,
<br /> "Environmental Law" means federai laws and lews of the jurisdiction where the Property is located that relate to heakh, safety or
<br /> environmental protection.
<br /> NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br /> 21. Acceleration; Remedies. Lender shail give nottce to Borrower prior to acceleration following
<br /> Borrower's breach of any covenant or agreement in this Security InsVument (but not prior to
<br /> acceleration under paragraph 17 unless applicable law provides otherwise). The notice shall specify:
<br /> (a) the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the
<br /> date the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure
<br /> the default on or before the date specified in the notice may result in acceleration of the sums
<br /> secured by this Security Instrument and sale of the Property. The notice shall further inform
<br /> Borrower of the right to reinstate after acceleration and the rlght to bring a court action to assert the
<br /> non-existence of a default or any other defense of Borrower to acceleration and sale. If the default is
<br /> not cured on or before the date specified in the notice, Lender at its option may require immediate
<br /> payment in full of all sums secured by this Security Instrument without further demand and may
<br /> invoke the power of sale and any other remedies permitted by applicable law. Lender shali be
<br /> entitled to coilect ail expenses incurred in pursuing the remedies provided in this paragraph 21,
<br /> including, but not limited to, reasonable attorneys' fees and costs of title evidence.
<br /> If the power of sale is invoked, Trustee shatl record a notice of default in each county in which
<br /> any part of the Property is located and shall mail copies of such notice in the manner prescribed by
<br /> applicable law to Borrower and to the other persons prescribed by applicabie law. After the time
<br /> required by applicable law, Trustee shall give public notice of sale to the persons and in the manner
<br /> prescribed by appiicable law. Trustee, without demand on Borrower, shall sell the Property at pubiic
<br /> auction to the highest bidder at the time and place and under the terms designated in the notice of
<br /> sale in one or mo�e parcels and in any order Trustee determines. Trustee may postpone sale of all
<br /> or any parcel of the Property by public announcement at the time and place of any previously
<br /> scheduled sale. Lender or its designee may purchase the Property at any sale.
<br /> Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed
<br /> conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth
<br /> of the statements made therein. Trustee shall apply the proceeds of the sale in the following order:
<br /> (a) to all costs and expenses of exercising the power of sale, and the sale, including the payment of
<br /> the Trustee's fees actually incurred, not to exceed 3 °�6 of the principal amount of the note
<br /> at the time of the declaration of default, and reasonable attorney's fees as permitted by law; (b) to all
<br /> sums secured by this Security Instrument; and (c) any excess to the person or persons legally
<br /> entitled to it.
<br /> 22. Reconveyance. Upon payment of all sums secured by this Securky Instrument, Lender shall request Trustee to reconvey
<br /> the Property and shall surrender this Securky Instrument and all notes evidencing debt secured by this Security Instrument to Trustee.
<br /> Trustee shall reconvey the Property without warranty and without charge to the person or persons Iegaliy entitled to k. Such person or
<br /> persons shall pay any recordation costs.
<br /> 23. Substitute Trustee. Lender, at its option, may irom time to time remove Trustee and appoint a successor trustee to
<br /> any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without
<br /> conveyance of the Property, successor trustee shati succeed to all the title, power and duties conferced upon T�ustee here(n and by
<br /> applicable Iaw.
<br /> 24. Request for Notices. Borrower requests that copies of the notices of defauR and sale be sent to Borcower's address
<br /> which is the Property Address.
<br /> 25. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with
<br /> this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and shall amend and supplement
<br /> the covenants and agreements of this Securky Instrument as if the rider(s) were a part of this Security Instrument.
<br /> Form 3028 9/BO
<br /> F1029.LM0(i0/97) Page 4 of 5
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