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<br /> 17.Tra�sfer of the Pro . ar a Bt-�t�cial Interest ia Borrower.If all or any part of the Property or any �nter3t in it • . ,- �-�
<br /> Pertv
<br />� ` is sold or transferred lor if a beneficeaf interest in Borro�ver ts sold or transferreci and Burruwrr is not a natural pecson?w'ithout _ _ .,�
<br /> Lender's prior written consent. L.ender may. at its uption, rzquire immediate payment in full of all surru secured by this , - -
<br /> Security Instrument. However,this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date . _
<br /> of this Security Insirument_ � --
<br /> If L.ender exercises this option. Lender shall give Borrower nodce of accelerdtion. The notice shall provide a period of not , _
<br /> less than 30 days fmm the date the notice is delivered or mailed within w•hich Borrower must pay all sums secured by this �
<br /> SrcunL�Instrument. Tf Bnrrower fails to pay these sums prior to the expiration uf this period. i.ender may im•oke any remedies � —
<br /> - permitted by this Security Instrument without further notice or demand on Borrower. . --
<br /> _-_ IR. Borrower's Right to Reinstate. If Sonower meecs certain conditions. Borrower shall have the right to have
<br /> ' enforcement uf this Security Instrument discontinued a[ any nme prior to the earIier oC: iai S day� iui �uch c�ther period as - -.— -.-
<br /> applirable taw may specify for reinstatemenp before sale of the Property pursuant to any power of sale contained in this _
<br /> - Secunry Instrument:or(b)entry of a judgment enforcing this Security Instrument.Those ronditions are that Boaawer. (a)pays .
<br /> L.ender all sums Nrhich then would be due under this Security Instrument and the Note as if no acceleration had accurred: (b) ., , �
<br /> cures any default of any other covenants or agreements: (c)pays all expenses incurred in enforcing this Security Instrument. . ' . � . _.�
<br /> ' inoh�dinv: hm not limited to,reasonable attomeys' fees: and(d) takes such action as Lender may reasonably require to ass¢�re __`'°�_' �'�!"
<br /> that the lien of this Security Instrument, Lender's rights in the Property and tsorrower s obiigation to pay utc�w«x.:����� ;- -�--�'
<br /> this Security lnstntment shall continue unchanged. Upon reinstatement by Borrower. this Security Instrument and the , ��'�;�'=-' _
<br /> obligations secured hereby shall remain fully effective as�f no acceleration had occurred. However,this right to reinstate shall . .. �.'�__;:-
<br /> ? not apply in the case of acceleration under paragraph 17• �,-'�"''�`�''
<br /> 19. Sale of Mote; Change of Loan Servicer. The Note or a partial interest in the Note (together with tt►is Security
<br /> Instrument)may be sold one or more times without prior notice to Borrower. A sale may result in a change in the entity(known . - � F"�"_
<br /> as the"Loan Servicer")that collects monthly payments due under the Note and this Secunty Itutrument.There also may be one :_.,,��- ' •°
<br />' or more changes of the Loan Servicer unrelated to a sale of the Note.If there is a chan_e of the Loan Servicer, Borrower will be �_ : �,;'�
<br /> ' given written notice of the change in accordance with paragraph 14 above and applicable law_The notice will state the name and �, _; ��
<br /> . address of the new Loan Servicer and the address to which payments should be made.The notice will also contain any other ,, �.�-,,�< -
<br /> ' information required by applicable law. -- - Y�; ��•
<br />� �"�� 20. Hazardous Substances. Borrower shall not cause or pertnit the presence, use. disposal. storage, or release of any s-"�''"�'°'��
<br /> �t-._,._.:,.�
<br />' Hazardous Substances on or in the Property. Bocrower shall not da, nor aliow anyone else to do, anything affecting the , •`_'�'*�"`=
<br /> Property that is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence. use, or ^ "'�:�:.,�.�
<br /> storage on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal ��`{.;;i
<br /> '� residenual uses and to maintenance of the Property. ' _' "
<br />• -- Bottower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by any --" _ ��
<br /> • govemmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law .�::; V
<br /> of which Borrower has actual knowiedge. If Bormwer learns, or is notified by any govemmental or regulatory authority, that . _. �''��_;. .�.
<br /> any removal or other remediation of any Haaardous Substance affecting the Property is ne�:essary. Borrower shall promptly take �.�;�; .. • ,,:'�_r-: :
<br /> all necessary remedial actions in accordance with Environmen[al Law. -
<br /> As used in this paragraph 20, "Hazardous Substances" are those substances defined as toxic or hazardous substances by �.�
<br /> `" �i Environmental Law and the following ;ubstanccs: gasoline. kerosene, other flammable or toxie petroleum products, toxic ,. ".E ;^"
<br /> .> .
<br /> pesticides and herbicides, volatile solvents, materials containing��bestos or formaldehyde.and radioactive materials.As used in �;,,.• • �::• ; •• . _
<br /> � �'I this paragraph 20, "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located that �ii ., ..
<br /> �� relate to health,safety ar enviromnental protection. '° • -
<br /> NON-UNIFORM COVENANTS.Borrower and Lender further covenant and agree as follows: �9: " ;�. �
<br />• - 2i.Acceleratfon;Remedies. Lender shnll give notice to Borrower prior to acceteration following Borrower's breach `���- �: ,_;,,
<br /> of any covenant or agreement in this Security Instrument (but not prior to acceleration under pacagraph 17 unless , � �, �•�
<br /> �� applicable law provtdes atherwise). The notice shall specify: (a)the default;(b)the actton required to cure the default; :� -�•;•--
<br /> ' (c)a date, not less than 30 days from the date the reottce is given to Borrower, by whteh the default must be cnmd;and ::r-• _
<br /> �' (d) that failure to cure the default on or before the date speciiied in the notice may resul4 in acceferatton of the sums =_- _- �-
<br /> secured by this Security Instrument and sate of th�Property. The notice shall further inform Borrower oP the right to __ ,. _
<br /> reinstate after acceleratton and t6e right to bring a court aetion to assert the non�xistence of a defauh or any other __- _____--
<br /> defense off Borrower to acceleration and sale. IP the default is not cured on or 6efore the date specified in the notice,
<br /> • Lender,at its ontton,may require immediate payment in Pull of all sums secured by this Securlty Iastrumeat withont 4^�-�:_
<br /> ` further demaad and may invoke the power of sale and any other�emedies permltted by applicable law.Lende�shall be
<br /> � `'�� entftted to collect all expenses incurred in Pursuing the remedies provided in this paragraph 21.including,but not limited _
<br /> ; :i to,reasonable attorneys'ices and costs of titte evidence. �--^��°--,
<br /> k If the power of sale is invoked, Trustee shall record a aotice of default in each caanty in whtch any part of the , :,,. `
<br /> Property is located and shall mail copies of such notice in the manner prescrtbed by applicable law to Borrower and to ;:�;.,.:s_ ,��;;
<br /> the other persons prescribed by applicabte law.After the time required by appticabte Ipw,Trustee shall give pnblic notice " ��''��<�..
<br /> . . � of sale to the persons and in the manner prescribod by applicable law.Trustee, without demand on Borrower, shall sell � �..,z.��:.,,...,.F__'_
<br /> tiie Property at public auction to the hiphest bidder at the time and place and under the tertns desi ated in the notice of ' ' ;`�"'"'""�"°�
<br /> Y� 'a;..�,�;�.'4:r.�•;�r�
<br /> ; sate in one or mom parcels and in any order Trustee determittes. Ta�ust�e may postpone sale oY ap or any parcel of the ..,;.r
<br /> Property by publ}c annonncement at the time and place o8 any previously scheduled sale. Lender or its deslgnee may •:�'-�a.°•,''��'.a"�`'''
<br /> . ' � purchase ttee Property at any sale. � � �
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