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<br /> ' I7.Transfer of the Property or�en�clal Inter�t in BorroK�er.If ali or an}�t of the Pr�eh��r�y interest in it � . � ° ;��--
<br /> � is sold or transferred(or if a bene f icis l interest in Borrower is s o l d o r t r a n s C e r r e il a n d B o r r o w e r i ti n o t a n a t u r a l p ertion)a•ithout ' �"T"
<br /> Lender's prior written consent. Lender may, at it�c option, require immediate payment in full of all �um. .ecured by this . . �_
<br />• � Security tnstrument. However,thi,optian shall not b�exercitied by Lender if exerci+�iti pn�hibited by federal law:�+uf the date . -•-
<br /> o€this Security instrument.
<br /> If Lender exereises this option.Lender shall give Bonuwer notice of acceleration.The notice shaU provide a period of not ��� ' ,
<br /> less [han 30 days from the date the nutice is delivered or mailed within which Borrower must pay xll sums secured by this
<br /> - Security Instrument. If Borrower f3i4s to pay these sums prior to the expiration of thiti period. Ixnder may invoke any remedies '_ _
<br /> • permitted by this Security Instrument without funher notice or demand on Borrower. , , �
<br /> 18. BorroKer's Right to Reinstate. If Borrower meets certain condition�. Borrower tihall have the right to ha��
<br />' enforcement of this Securiry Instrument diswntinued at any time prior to the earlier of: (a) 5 days (or such other periad as .. _
<br /> applicable law may specify for reinstatement) before sale of the Property pursuant tv any power of sale contained in this �� •:
<br /> Security Instrument;or(b)entry•of a judgment enforcing this Securiry Instrument.Thosc conditions are that Borcoa+er. (a)pays . .;:�-�r•-• ,`�
<br /> Lender all sum.s which then would be due under this Security Instrument and the Note as if no acceleration had uccurred: (b) ;:.�.: �
<br /> cures any default of any other covenanu or agreements: Icl pays all expenses incurred in enforcing this Security Instrument. • .`' . -._
<br /> , including, but not limited to, reasonable attomeys' fees: and(dl takes such action as Lender may reasonably requ�re to assure .f �� _�_�.
<br /> that the lien of this Securiry Instrument. Lender's rights in the Property and Borrower's obligation to pay the sums secured by � '-� ;_:,�. ,.,.
<br /> this Securiry Instrument shall continue unchanged. Upon reinstatement by Barrower. this Security Instcument and the , � ;,' � _.:
<br /> obligations secured hereby shall remain fully effective as if no acceleration had occurred. Howeves, this right to reinstate shall � . �. �
<br />• not apply in the rase of acceleration under paragraph l7. ""`'`'�"
<br /> 19. Sale of Note: Change of Loan Servicer. The Note or a partial interest in the Note (together with this Security , ,�'.�`..��-��_-'��-
<br /> � , Instrument)may be sold one or more cimes without prior notice to Borrower. A sale may r�+ult en a change in the entity lknown �,. .�:••�;'� '
<br />� as the"I.�an Servicer")that collects monthly payments due under the Note and this Security Instrument.There aiso may be one . •t� _ .
<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 , •;�: : y
<br /> • given written notice of the change in accordance with paragraph 14 above and appticable law.The natice will state the name and . •�.�.��
<br /> ' address of the new Loan 5ervicer and the address to a•hich payments s hou l d be ma de. T he na tice will also contain an y other '�•''-°-'�'=�-=:-
<br /> . `. ��• �:2
<br /> .. information required by applicable law. ���
<br /> . ...z��-.:
<br /> 20. Hazardous Substances. Borrower �hall not cause ur pertnit the presence. use, disposal, storage, or release of any ' L�
<br /> r.
<br /> Hazardous Substances on or in the Property. Borrower +hall not do, nor allow anyone else to do. anything affecting the
<br /> w. The recedin t w o se n t ences shall nat apply to the presence. use,or ��F����' ..—
<br /> Property that is in violation of any Environmental La p g
<br /> storage on the Propeny of small quantities of Hazardous Substances that ace generally nxognized to be appropriate to nortnal �----� �� "-
<br /> � .� i :
<br /> � residential uses and to maintenance of the Property. �• �� .T'•�:� �
<br /> Borrower shall promptly give Lender written notice of any inv�tigation,claim, demand, lawsuit or other actiun by ar►y -�==� - ,�".:-r
<br /> • governmental or regulatory agency or private party involving the Properry and any Hazardous Substance ar Environmental Law .� '.. �;'
<br /> � - of which Borrower has actual knowledge. If Borrower learns. or is notified by any govemmental or regulatory authority, that J�r _
<br /> any removal or other remediation of any HaTardous Substance affecting the Property�s necessary. Barrower shall promptiy take . 4 ys
<br /> all necessary remedial acticros in accordance with Environmental Law. ',�";t::.,�-, .:,'�;; ; '
<br /> As used in this paragraph 20. "Hazardous Substance�" are those substances defined as toxic or hazardous Substanezs by ¢,v y —
<br /> Environmental Law an d t he fo l lowing substances: gasoline. kerosene. other ilammable or toxic petroleum praducts, toxic �'����3` �:
<br /> pesticide�and herbicides,volatile solvents,materials containing asbestos or formaldehyde.and radioactive materials.As used in � . E__
<br /> ' this paragraph 20. "Environmental Law" means federal laws and law�of the jurisdiction where the Property is lacuted that � �-4 r "'�.
<br /> relate to health.safety or environmen[al protectian. � • � • " -
<br /> � NON-UNIFORM COVENANTS.Borrower and Lender further covenant and ag:ee as follows: � �,,r�-:
<br /> Zl.Acceleration;Remedles.Lender shall gi�•e notice to Borrower prior to acceleration fo!lowing Borro�rer's breach �.. �.n-.���---
<br /> of any covenant or agreement in this Security E�trument (but not prior to acceleration under paragraph 17 unless ��
<br /> � appllcable law provides othemise).The notice shall specify: (a)the default; (b)the action required to cure the default; --
<br /> (c)a date.not less than 30 days from the date the notice is given to Borrower, by whith the defaalt must be cured:and -_ � _-�
<br /> (d) tliat tailure to cure the default on or before the date specitied in the nottce may re:+ult in acceleratfon of the sums �,-~,���,,,_
<br /> �i secured by this Secu�Ity Instrument and sale os the Property.The notice s6aH turlher inform Barro�:�er of the rlg6t to ,_-.-,- _
<br /> � .' � reinstate aiter acceleoation and the right to brin�a court actian to assert the non-existence of a default or any other 'R � „_: ��.
<br /> ! defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the rtotice, :� ;�____
<br /> � ' � Lender. at its option.may require immediate payment 1n full of all sums secured by this Security Instrument wit6out --
<br /> �` ! further demand and may invoke the power of sate and any other remedtes permitted by applicabte law. I.ender shall be •.;_: �,�n';:`=
<br /> entitled to callect all expenscs incurred in pursuin�the remedtes provided in this paragraph tl,indudtng,bat not limited �. "�:L• ' _� .--z:::
<br /> �"� to,reasonabte attorneys'[ees and cosis of title evidence. �^-�'�'���'°'Y`-�
<br /> � IP the power of sale is invoked. Trustee shall record a nottce af detau9t in each county in which any part of the ' _'£f,•e�•_,,: ' �-
<br /> '; Property is lacated and shall mail copies of such notice in the manner preccrtbed by appltcable law to Borrower and to :,�.��
<br /> the oiher persons prescrfbed by appltcabte law.After the time required by applicabfe Iaw.Tn�stee shall give public notice �;�,ti..�"'
<br /> ;� of sale to the persons mnd in the munner prescrib� by appltcable law. Trustee.without demand on Borrower, shall sell .;„�,�,�,,,,,�,ii:;:,,;
<br /> :; the Praperty at publ(c auction to the hi�hest bidder at the time and place and under the terms desi�nated in the notice of � : ,�
<br /> �' sale in one or more parcels and in any order Tru�tee determines.Trustee may postpone sale of ull or any parcel of the ,. �;,;.;,:;;.t.;, �
<br /> . Property by public annouttcement at the time and place oB any previous{y scheduted sale. Lender or i�s desi�nee may .� _, , •
<br /> purchase the Property at any sale. ' ' .. .
<br /> . . • �
<br /> ' Form 3028 9/90 ••��
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