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<br /> , 17.Transfer of the Pro,pert}•or a Beaeftcial Interest in Borro�rer. If all c�r am part of the Pr��pem•or any inter�t in it , ° • :-
<br /> is soid or[ransferred�or if a beneficial interest in Burrower is,old or tran.;ferred and B��rrawer is not a natural person)withnut , � _
<br /> Lender'� prior written consent, Lender may, at it. option. reyuire immediate payment in full ui sll ,um. .crurc�l by this � . • � , '�-,��
<br /> Security In.titrument.Huwever.this option shall nat be exercised by L.ender if exerci,e i.prohibited by federal law a+of the date • . `, �='
<br /> . uf th�,Security 1n�trument. . _ . ,
<br /> If[xnder exercise.,thi���ption. l.ender shall gi�•e BormH�er notice uf ucceleration. The notire.hell pru�ide a perioJ��f not . � , •
<br /> less than 30 day+ from the date the notice i,deli��ered ar mailed ��•ithin which Borrrncer muu ps} :tll �um+ ,erured hy this • ' �
<br /> Security la�trument.If Borrower fails to pay thesc�umti prior to the expiration of thi.period_ Lendcr ma} imuk�sny remedieti .. . _ '�
<br /> ..,..,,,i::�� .ti::,S..° L ' `' .`-� '' ..,......:d......r:�,;;S^,;-. —
<br /> - r_"'. � , wii� taii�iiilciii wiluJiii iu�i.i:••N,-•••• m.• :. .^::'�L ---._ . ._—_ .- .- - —
<br /> __� IS. Borrotver's Ri�ht t� Reinstate. If Borrua�er meeu rerwin rnnditioa+. B��rroNrer ,h:ill ha��e the nght to ha�e ___ __ ______ _
<br /> enforrement c�f[his Security Instrument discontinued at any time prior tu the r�rlier at`. t3) 5 days �or wch uther penod as .�'L—,
<br /> applicable law may �pPcify ti�r reinstatement) before sale of the Propert�• punuant to :u�y po�ser ot'�:�le cc�ntainecl in this
<br /> Security Instrument:or�b)entry of a judgment enforcing thi�Security lmtrument.Tho±e�onditions are that Borrower. (a)pays , � � ' _
<br /> Lender all �ums which then would be due under this Security [nstrument and the hote ay if no acceleratiun had occurred: Ib) . � • .�; � • ' - _
<br /> cures any deFault of any other covenanGc or agreements; fcJ pays all expenses incurred in enforcing this Sec:urity Instrument, . -��= .- -, '�"�'
<br /> � including, but not limited to, reasonable attorneys' fees; and(d)t:ike+�uch action ati Lxnder may rea.�onably require to assure . '. , . . __ _ '4= _
<br /> that the lien of this Security Instrum�nt, Lender s rights in the Propeny and Bormwer'+obligation to pay thc+um�secured by
<br /> � this Security Instrument shall continue unchanged. Upon reinstatement by Borrower, this Security Instrument and the ' , ~�'�
<br /> '�� obligations secured hereby shall remain fully effecti�e as if no acceleration had occurred. How•e��er, thi.right to reinstate shall • �,`���(--.
<br /> ' not apply in the case of acceleration under paragraph !7. �,.-�.
<br /> `� 19. Sale of Nate; Change of Loan Senicer. The i�4,te or a partial mterest in the Note Itogether with this Suurity _ .�-,�`:,
<br /> InstrumenU may be sold one or more times without prior notice to Borrower.A sale may result in a change in the entity(known ='. �t� °
<br /> , as the "Luan Seriicer")that collects monthl}•payment+due under the Note and this Security instrument.'Ci�ere also may be one ' • ' -�,;� �_¢-'
<br /> . or more changes of the Loan Servicer unrelated to a+afe of the Note. If there is a change of the Loan Servicer.Borrower will be , � E � _
<br /> '. ��'"r:_ .—. . _
<br /> �;. �,.�,.:.,,�,.�
<br /> given written notice of the change in accordance with paragraph 14 above and xpplirable law.Thc notice will state the name and ` : ?
<br /> ., �.- :
<br /> ,� address of the new Loan Servicer and the xddre�s to which payments tihould be made. Thc notice will ul�o contain any oiher . � '.<<.,¢:�••+`�,-
<br /> information required by applicable law. . �r�• . �-j-�=-' ��--
<br />. :� 20. Hazardous Substartees. Borzower shall not cause ur permit the presence. use, disposal. titorage, or release of any �• � �°H
<br /> ^ j�!YZ���..-�.
<br /> , �� Hazardouz 5ubstances on ur in the Property. Borrower shd11 not do. nor allow anyone el�e to du, anything affecting the • ' ; _ `
<br />` .� Properry that i� in violation of any Environmental Law. The preceding two sentenres,hall nut apply w the presence, use, or �
<br /> storage on the Property of,mall yuantitie,of Hazardnuti Suh.tances that are generally recognized to be appropriate to normal .. . ' �e'• �
<br />, ` residential uses and to maintenance of the Propeny. . '• �• `
<br /> Borrower shall promptly give Lender written notice of any investigation, claim, Jemand, lawtiuit or other action by any - - - - '� �'
<br /> govemmental or regulatory agenc}•or private party involving the Propeny and any Hazardous Substance or Environmental Law � ;.„, -.
<br /> of which Borrower has actual knowledge. If Borrower learns. or is notified by eny govcrnmental or regulatory authority, that . .,��:-.., � : �
<br /> any removal or other remediation of any Hazardou,Substance affecting the Property i�necessary,Borrower~hall pramptly take �`' ,�^. ,.�
<br /> all necessary remedial actions in accordance with Environmental Law. _.,���. ?
<br /> As utied in this para�raph 20. "Ha7ardous Substances" are those �ubstances defined ati toxic or hazardous tiubstances by ,.i;,;.:'' �;�• ' '
<br /> Environmental Law and the following substances: gasoline. kerosene, other flammable or toxic petroleum products, toxic :t.y;r,br,''.� ` � -
<br /> pesticides and herbicide,,volatile solventti,materialti containing a,betitoti or formaldehyde.and radioactive material�.Aa used in `�;��,
<br /> ' a1.
<br />� this paragraph 20. "Environn�ental Law" me�an, federal lawti and law, nf the jurisdiction where the Propeny i� Io,:ated that � «
<br /> � relate to health,safety or environmental protection. ,•
<br /> � NON-UNIFORM COVENANTS.Burrower attd Lender further covenant and agree a+follows: - �,'l r�� � �
<br /> 21.Acceieration; Remedies. Lender shall give not�ce to Borrower prior to acceleration following Borrower's breach � �='�'��.-
<br /> of any covenant or agree�nent in this Security Instrument (but noi prtor to acceleration under paragraph 17 untess .� r� ,,'��
<br /> appltcabte law provtdes othenvise). The notfce shall specify: (a)the default; (b)the actton required to cure the defuult; '.," ��'��—=—
<br /> (c)a date. not tess than 30 days from the date the notice Is given to Borrower,by�vhtch the default must be cured;and -�
<br /> (d)that faiture to cure the default an or before the date specified in the notice may result in acceteration of the sums . � . ,,. _ �_ �-
<br /> secured by this Security Instrument and sale of the Property. The notice shali further inform Borrower of the ri�ht to �' �
<br /> ' reirutate after acceleration and the rig,ht to bring a court action to assert the no�a-existence of a defauft or any other ���-
<br /> defense of Borrower to acceleration and sale. If the dePault is not cured on or before the date specified in t6e notice, �'� '=-T' �--
<br /> Lender. at its optlon, may require immediate paymen4 1n futl of all sums secured by this Security Instrument without ��:,�"�'��.--�:
<br /> ., further demand and may invoke t6e poa•er of sale nnd any athcr remedies permitted by applicable law. l,ender shall be _
<br /> entitled to collect all expenses lncurred in parsuin�the remedies provided in this para�rapfl 21,includin�,but not limited �`— �'
<br /> to.reasonable attomeys'fee5 and cosxs of tide evidence. , �.�� •�_.�
<br /> If the potiver of sate is invoked. Trustee shalf record a notice of default in each county in �vhtch any part of the _
<br /> . Property is located and shall mail copies of such notice in the manner prescribed by appltcable law to Borrower and to •����;: �
<br /> the other persons prescri6ed by applicable law.After the time required by applfcable law,Trustee shall give pobllc notice ' • >-.-..- '`''-
<br /> of saE�ta the persons and In the manner prescribed by applicable law.Trustee. without demand on Borro�•er. st►all sell `r;� `' '4��
<br /> . the Property at publtc auctlon to the highest bldder at the tlme and place and under the terms dec:ignated in the nattee of `:���,:=��=�;,-.•�- -�
<br /> . sale in one or tttore parcels and in any order Trustee determines.Trustee may postpone sale of all or any parcel of the • ,.:,��_� �� � • __
<br /> Property by public announcement at the time and place of any previously scheduted sale. I.ender or its desi�nee may �����:��,�:.•._�
<br /> purchase the Property at any sale. .,.:,.�.,•,. , .
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<br /> Form 3028 9/90 ,i„=;�„yb•=�x:�r.'�.`.
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