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<br />' � 17. Transfer of the Property or a �eneficial IMeres! in 8orrower. ff ail or any part of the Property or `` c, . . ` _ °_
<br /> �1 ' --
<br /> ' any interest in it is sold or hsnsferred (or it a beneficial�nterest in Bonower is s o l d o r tr a nsferted and Borrower is not a natural k�: ,
<br /> • ' persan) wdhout Lender's pdor written consent. Lender may.at rts option.require imme�late payment m NII ot all sums secured ay i . , �r��
<br /> ' ' this Secudty �nstrument Mowever, th�s op:fon shail not be exercised by Lender if exerGSe �s proh�bded by federal law as of lhe , , . ,
<br /> � date ot this Secur6ty Instrument. ' =
<br /> � �:�_.
<br /> { It Lender exercises thls option. Lender sha11 give BoROwer noGce of acceleraGon. The notice shall provide a penad o�not� _
<br /> � less than 30 days trom the date ihe notfca �s deirvered or maded wRhin which 6ortower must puy all sums secured by this� ,�,�
<br /> Secunty Instrument. N Borrovier fads to pey these sums pdor to the expiraUon of this pehod. Lender may imloke eny remedies ' , ' . `"��=
<br /> pertnitted by this Sewdry Instrument without fuAher notice or demand on Bortower- � i ��
<br /> 18. Bottower'e RIg41t 4o RetrtBtate. tt eorrower meets certam condrtions. eortower shsll have the nc�ht t0 �ave7��' __
<br /> entorcesnerit of this Security Instrument diseontinued at any Gme prior to the eaAier ot (a) 5 days (o� such other penod as� , ,_
<br /> app�icable law may specily tor reinstatement) before s�le of the Property pursuant to any power ot sale contamed m this Secumy, f' , , .
<br /> ' lnstrume�� or (b) entry of a judgment enforcing this Securiry Instrument Those conditions are that Borrower (a) pays Lender ail�
<br />— - sums whieh thers v�outd be due under this Securiry Instrumeot and ihe Note as A no acceleration had occurred: (b) cures any� ; G ,,;_� -
<br /> ' � defauii of eny other covenant or agreements: (c) pays alt expe�ses incurred in enforang this Security Instrument. inGuding. but • _ , �-
<br /> not Itmited to. reasonable attomeys'fees: and (d)takes such action as Lender may reasonabty require to assure that the li�n oi ..
<br /> � this Sewrity InsWment, Lender's rights in the Properry and Borrower's ohligation to pay the sums secured by this Securiry , �;
<br /> � InsVument shall cantinue uochanged. Upon reinstatement by 8or►ower. this Secucity Instrument and the obfigations secured � , : , -
<br /> hereby shall remain fulty effective as if�o scceleration had ocarred. However,this right to reinstate shall not appty in the case �
<br /> of acceteration under paragraph t7. � ...,.
<br /> . 19. Sa9e of N�te: Change of Loan Servtcer. The Note or a a partial interest in the Note (together with th�s � .;,,.
<br /> gecurity Instrument) may be sold one or more times without prior notice to Bortower.A sale may resuft in a change in the entiry , .i_ , •.,
<br /> (known as the'Loan Servicer')that caAects monthty payments due under the Note and this Security Instrument There also may ' _ ` ,}.�d,,;.,,�
<br /> ' be one or more changes of the Loan Servicer unrelated to a sale of the Note. It there is a change of the Loan Servicer. , .;,, ,�•. _
<br /> ' Borrower wiU be given mitten notice of the change in accordance with para9raPh Z4 above and applicable taw. The notice wiU _`.:; :.
<br />� state the name and address of the new Loan Serviaer and the address to which paymeats should be made. The noUce will also ,,� '=
<br /> � contain any other intormatlon required bY apPlicable law. , i ," ��"��'
<br /> � 20. Hazardous Substanees. Bonower shall not cause or permft the presence, use, disposal, storage, or release of • � '�"'�_
<br /> any Hazerdous Substances on or In the Property. Borrower shall not do, nor allow anyone else to do, anythin aftecting the , . �-' �'
<br /> 9 .:}Y;:. _�:_,�,.
<br /> . Property that Is in violation of any Envlronmental Law. The preced'mg two sentences shall not apply to the presence, use, or �_
<br /> ..��."'�-
<br /> storage on the Property of small quantities of Hazardous Substances that are generally recognaed to be appropriate to normal , ,�s.:
<br />•� residential uses and to malntenance of the Properry. �,�r'.` '
<br /> Bortower shall promptly give Lender written notice of any investigation, claim, demand, Iawsuit or other adion by any � .��,�,� �
<br /> � `- govemmental or regulatory agency or pcivate pazry invohring the Property and any Hazardous Substance or Environmental Law of
<br /> ovemmental or re ulatory authoriry. that any y : `�
<br /> which Borrower has attual knowledge. If Bortower leams, or is notified by any g 9 '
<br /> � removat or other remQdfatlon of eny Hazardous 3ubstance aftecting Properiy is necessary. Bortower shall promptty take aIl `.' ��. ;.r,� �, -
<br /> � necessary remedial actions in accordance with Environmentat Law. ` ��'�
<br /> As used fi thls paragraph 20. 'Hazardous Substances'are those substances defined as toxlc or hazardous substances 6y
<br /> Envlronmental law and the following substances: gasoGne, kerosene, other flammable or toxic petroleum products, toxic . �
<br /> - ' pesUades and herbiddes.votatite solvents. materlats containfng asbestos or fortnaldehyde.and radioactive materials. As used tn Y _ '�r �
<br /> � ` paragraph 20, 'Environmental Law' means federal laws and laws of the jurisdiclion where the Property is located that relate to ,_, . ,, „ �
<br /> health.satery or enviranmental protection. `'r'` �.'��
<br /> NON-UNIfORM COVENANTS.Borrower and Lender fuAher covenant and agree as toUows: >��t,` � _
<br /> 21. Acceterallon; Remedtes. Lender shall give notice to Borrower prior to acceleration �. �_._.� �t> " ,
<br /> following Borrower's breach ot any covenant or agreement in thls Security Instrument (but �ot �r;�;� `:> .-� ,
<br /> prior to acceleratlon under paragraph 17 unless applicabte law provides otherwise). The notice 'r � �. '• `�_�_--i`__
<br /> ��'� ..
<br /> ahall spacify: (a) th� defaul� (b) the actton requlred to cure the default; (c) a date, nat less than r �� �
<br /> • � 30 days from tha dade the notice ls $iven to Borrower. �' � � ���� J�.
<br /> by wfiich the detault must be curod; and . }� �.
<br /> • (d) tha4 failure to cure the default on or before the date spectfled in the notice may result in =��
<br /> acceleration of the sums secure d by t h ls Secur l t y I n s t r u m e n t a n d s a l� o f 4 h e P r o p e r t y.Th e n o t i c e ='== —
<br /> �:-r�+�' _.-___
<br /> shalt fur4her Tntorm Borrower of the rigM to rolnstade after acceleration a�d the right to bring a �.��,�-.�,_::,__._
<br /> couet action to assert the noa-existence of a defautt or any ather defense of Borrower to -""��'___----------�
<br /> :_-�-:,,
<br /> acceleratton and sale. If the default is not cured on or betore the date specifled ln the notice, .r�;r..,��,��!�"' -
<br /> ° Lender �t tts optlon may require tmm�dia2o payment in iull of all sums sscured by thla Securi _� �•'
<br /> il► ...;a•:��'���-� �_.,,,�;_
<br /> � Instrument without turtfier demand and may invoke the power of sale and any other remedies . .,��; -
<br /> t permitted by applicable law. Lee�der shall ba entitled to co9lect all expensea Incurred tn pursul�g '.';.;�;,����
<br /> • t the resnedles proviafed tn 4i�ls paragraph 21. including, bat not Ilmtted to, �easonable attorneys' _,.-_ .; , � �', _ _
<br /> • feea and costs of titte evidencg. �u�.��� �'.- � .
<br /> �� {f the power o! sale Is Invoked, T�ustee shall �ecord a notice of default in each couniy In , . —
<br /> � 'r' whlch any part of the Property is tocated and shatl mall coptes of such notice in the manner .
<br /> � : presc.tibed by applicable law to Borrower and to the other persons prescribed by appficafole law.
<br /> t After the time requlred by appUcabte law, Trustee shall gtve pufolic notice of sale to the persons - . . • �� .�
<br /> �• and In the ma�ner prescribed by appticable law. Trus4ee. without demand on Borrower, shall sell � ,
<br /> the Pro�erty at public auction to the highest bidder at the time a�d place and under the terms . . • __
<br /> �> deslgnated In the notice oi sate in one or more parcels and 1� any order Trustee determines. �_
<br /> . ± Trustee may postpone sale ot all or any parcel of the Property by public announcement at the , • �� �
<br /> ; time and place of any previousty scheduled sale. Lendor or its deslgnee may purchase the �
<br /> i Property at any sale. . �'
<br /> Upon receipt of payment of the prtce bid. Trustee shall deliver to the purchaser Trusteo's � �•--
<br /> � deed conveying the Property. The recitals in the Trustee's deed shall be prlma facie evidence of � . • [ :
<br /> the truth of the statements made therein. Tru�tee shall apply the proceeds of the sale in the .
<br /> following order: (a) to ail costs and exponses of exercising the power of sale, and tPoe sate. �
<br /> ' including the payment ot the Trusteo's fees actualty tncurred. not to exceed three � �
<br /> % of the principa! amou�at of the • .
<br /> � no3e at the tlme of the declaration of defautt. and reasonable attorney's fees as permitted by law; . _-
<br /> (d�) to all sums secured by thia Security Instrumen� and (c) any excess to the person or persons �
<br /> legally entitled to �2. • �"
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