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201201198
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Last modified
3/7/2012 11:26:18 AM
Creation date
2/15/2012 3:40:30 PM
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DEEDS
Inst Number
201201198
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201201198 <br /> sentences sliall not apply to the presence, use, or storage on the Property of small quamtitiee of Hazardous <br /> Substances that are generally recognizecl to be appropriatc to nonual resfdenCial usas and lo mainte�ance of <br /> tlie Property (including, but not limifed Co, hazardous substances in consumer products). <br /> Borrower sli�ll promptly give Lender written notice oP(a) any investigation, claim, demand, lawsuit or other <br /> action Uy any governmental or regulatory agency or private party involving the Property and any IIazardous <br /> Substance or Environmental Law oP which Rorrower has aetual knowledge, (b) any �nviromnemal <br /> Coadition, including buC not limited to, any spilling, leaking, discharge, release or Chreht of celease oP any <br /> Hazardoue Substance, and (c) any condition caused by the presence, use or release of a Hazardous SuUstance <br /> which adversely aPfects the value of the Property. If Borrower learns, or is uoCiPied by any govern�nental or <br /> xegulaCOiy authority, or any privata pf�rty, that any rcmoval or oCher remediatit�n nf any Hazardous SuUstance <br /> affoctin� the Property is neeessary, Borrower sl�all promptly talce all iiecessary remedial actions in <br /> accordance with L�nviromnental Law. Nothing herein shall creato any obligation on Lender for an <br /> L'nviromnevtal Cleanup. <br /> Non-Uniform Covenants. Borrower and Lencler covenanC and agree as follows: <br /> 22. Acceleration; Remedies. Lender shall give notice to Borrower pr[ur to ucceleiat9on l'ollowing <br /> Bmrower's breaeh oY auy coveuant or agrcement in thi5 Security Inst�umenC (but not prior to <br /> acceleret(ou untler Seetiou 18 nnless Applicf�ble Law provides otherwise). The noYice shell specit'y: (a) <br /> El�e def'ault; (b) the acfiou requirecl to cure the default; (c) a date, not less tl�an 30 days Yrom the daEe <br /> the nuttee Ls giveu to Borrower, by wl�ich the defpult mnsf be cured; and (d) tliAt fuilure to cure Che <br /> defaiilt ou or before the daEe speeified in the notiee mny residt i�i accelerat'iun of the sums 5ecured by <br /> tl�is Security Iustrmnent and salc of the Pruperty. The�oCice shall further inform Borrower of the <br /> right to reinstate ai'ter acceleration and C6e right to biv�g a eourt action to assert tlte non-exi,stence of a <br /> def�ult m� any oC6er defense of Borrower to acceleration and sale. IY the default is nut cnred m� or <br /> before the date specified 9n the uotice, Leudor at its optiou u�uy require immediate paymeuk in�ull of <br /> all sums secured by this Security Instrnment without fui�Yher demand and may tuvoke El�e power of sale <br /> avd any other remedice permittcd by Applic�ble Law. Lender shall he entitled to collect all expcnses <br /> incurred in pm•sning the reinedies provided in ChiB SecCion 22, includ97ig, unt imt limited to, reusonAble <br /> � attorueys' fees wnd costs ot EiCle evidence. <br /> If tl�e power of sale is 9nvoked, Trustee shall record a noticn oF defaidt i�i esich comity in which any <br /> part of the Property is located and shall maiI coptes of such notiae 3n the n�aiwer prescribed by <br /> ApplicaUle Law to Borro�ver flnd to tl�e other persmis prescrihed by Applieable Law, Aeter the timc <br /> required by Applicnble Law, Trustee shall give puUlic notice of sale to the persons and in thc inunner <br /> prescribed by Applicable Law. Trustee, withont demand on Borrower, sh�ll sell the Property aC public <br /> auclion Co the higltest bidcler at the time and place aud under the ternis designaCed 9n the i�nfice of salc <br /> in o��e or ntm•e parecls And in any order TruSfee deEermiuea, Trustee may �ostpmie sale of all or auy <br /> parcel of thc Property by pnblic a�inouncement aC Che time and place of avy previously schcdnled sale. <br /> Lcndcr or its desigiTee may purchaae Che Property at any sale. <br /> iJpov receipt of paymcnt of the pcice bid, 1'iv5tee s6all deliver to the purcl�aser Trustee's dced <br /> convcying thc Property. The recitals in Ck�e Trustee's deed ehall be �rim� Yacic cvidence of the truCli of <br /> the statement6 made Chere9n, Trustee sliall apply the procecds of the sale in the folluwu�g m•der; (a) to <br /> all costs aud ex�enses oY exercising t6e power oY sale, a�id the sale, including Che paymeut of the <br /> Trustee's fecs actunlly incnrred aiid reasonable atiCo���eys' Pees ws permiYted uy Applicable Law; (b) to <br /> a11 sums secured by this Secm•iCy Tnstrument; auid (c) any exwss to thc�ersmi or persuns legally <br /> � entitled Co it. <br /> �--�-- . .. . sa000so� <br /> NE6RASNA-Single family-Fannie Mae/FreJdie Mec UNIFOftM INSI'HUMENT Form 3028 1701 <br /> VMP l�� VMPaME111�Ofil <br /> WnLLera Kluwe�Fluanclal5ervlces Pogo 10 of i] <br />
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