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reinstatement) before sale of the Property pursuant to any power of sale contained in this Security Instrument; or (b) entry of ajudgment
<br />enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums which then would be due under this
<br />Security Instrument and the Note as if no acceleration tied occurred; (b) cures any default of any other covenants or agreements; (c) pays
<br />all expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees; and (d) takes such
<br />action as Lender may reasonable require to assure that the lien of this Security Instrument, Lender's rights in the Property and Borrower's
<br />obligation to pay the sums secured by this Security hereby shall remain fully effective as if no acceleration had occurred. However, this
<br />right to reinstate shall not apply in the case of acceleration under paragraph 17.
<br />19. Sale of Note; Change of Loan Servicer, The Note or a partial interest in the Note (together with this Security instrument)
<br />may be sold one or more times without prior notice to Borrower. A sale may result in a change in the entity ( known as the "Loan
<br />Servicer") that collects monthly payments due under the Note and this Security Instrument. There also may be one or more changes of
<br />the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan Servicer, borrower will be given written notice of the
<br />change in accordance with paragraph 14 above and applicable law.
<br />20. Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of and
<br />Hazardous substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Property that is in
<br />violation of any Environmental Law. The preceding two sentences shall not apply to the presence, use, or storage on the Property on
<br />small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of
<br />the Property.
<br />Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by any
<br />governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law of which
<br />borrower has actual knowledge. If Borrower learns, or is notified by any governmental or regulatory authority, that any removal or other
<br />remediation of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions
<br />in accordance with Environmental Law.
<br />As used in this paragraph 20, "Hazardous Substances" are those substances defined as toxic or hazardous substances by
<br />Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and
<br />herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As used in this paragraph 20,
<br />"Environmental Law" means federal laws and laws of the jurisdiction where the Property is located that relate to health, safety or
<br />environmental protection.
<br />BORROWER AND LENDER FURTHER COVENANT AND AGREE AS FOLLOWS:
<br />21. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of
<br />any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraph 17 unless applicable law
<br />provides otherwise). The notice shall specify; (a) the default; (b) the action required to cure the default; (c) a date, not less than
<br />30 days from the date the notice is given to Burrower, by which the default must be cured; (d) that failure to cure the default on
<br />or before the date specified in the notice may result in acceleration of the sums secured by this Security Instrument and sale of the
<br />Property. Tire notice shall further Inform Borrower of the right to reinstate after acceleration and the right to bring a court
<br />action to assert the non-existence of a default to any other defense of borrower to acceleration and sale. If the default is not cured
<br />on or before the date specified in the notice, Lender at its option may require immediate payment in full of all sums secured by
<br />this Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by
<br />applicable law. Lender shall be entitled to collect all 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 Lender invokes the power of sale, Lender shall execute or cause Trustee to execute a written notice of the occurrence
<br />of an event of default and of Lender's election to cause the Property to be sole. Trustee shall cause this notice to be recorded in
<br />each county in which any part of the Property is located. finder at, Trustee shall mail copies of the notice as prescribed by
<br />applicable law to Borrower and to the other person prescribed by applicable law. Trustee shall give public notice of sale to the
<br />persons and in the manner prescribed by applicable law. After the time required by applicable law, Trustee, without demand on
<br />Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated in
<br />thenoticeof sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of
<br />the Property by public announcement at the time and place of any previously scheduled sale. Lender or its designee may
<br />purchase the Property at any sale.
<br />Trustee shall deliver to the purchaser a Trustee's deed conveying the Property without any covenant or warranty,
<br />expressed or implied. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein.
<br />Trustee shall apply the proceeds of the sale in the following order: (a) to all expenses of the sale, including, but not limited to,
<br />reasonable Trustee's and attorneys' fees; (b) to all sums secured by this Security Instrument; and (e) any excess to the person or
<br />persons legally entitled to it.
<br />22. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to reconvey, the
<br />Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee,
<br />Trustee shall reconvey the Property without warranty to the person or persons legally entitled to it. Such person or Persons shall pay any
<br />recordation costs.
<br />23. Substitute Trustee. Lender, at its option, may from time to time appoint a successor trustee to any Trustee appointed
<br />hereinabove by an instrument executed and acknowledged by Lender and recorded in the office of the Recorder of the county in which
<br />the Property is located. The instrument shall contain the name of the original Lender, Trustee and Borrower, the book and page where
<br />this Security Instrument is recorded and die name and address of the successor trustee, Without conveyance of the Property, the
<br />successor trustee shall succeed to all the title, powers and duties conferred upon the Trustee herein and by applicable law. This procedure
<br />for substitution of trustee shall govern to the exclusion of all other provisions for substitution.
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<br />Order: FSST-TO16000835 Doc: CASANJ:2007 00123010 Page 4 of 10 Created By: tullybob Printed: 3/21/2016 9:46:40 AM PST
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