201201696 - Laserfiche WebLink

Browse

201201696 senh;nces shell not apply to the presenco, us�, or storage on the Property of s�na11 qnantifies of Hazardoiis Subef�noea i1iaC nro gcnerally recognized to be appropriate to normal resicienCizl uecs and to mainYen�tioe of the ProperEy(including, but nof limited to, hazrcudous au6sC�nces in consuu�er�roducta). Borrower ehall prompely givc Lei�der wriCten nofice of(n) auy investigaYion, claun, deinand, lawsuit or othex action Uy any govermnental or regulatc�ry agency or priv�te patty involving tha Property and any Ha2a�dous Substance or Enviromnental i�w oP whiah Borcower has�2etu�1 Imowlcdge, (b) uiy Environmental Conditiou, nicluding but not limited to,�ny spilling, leaking, dischatge, rcicase or threat of release of any Hazardous Substance, and(c) any condirion caused by the presence, use or releasc of a l�azardous Substnnce which adve�-aely nffccts the value o�F the Property. If Borr��wer]earns, or ie notified by any govermnenYal or regulatory enthoxity, or 1ny peiv�te party, thaY any retnoval or othcn're�nedizkion oP eny II�zardous 9ubstance 1PPecCii2g fl�c Property is necessary, Boxrower shall pron�pt1y talw all uecesflary remedia] actions in accordance with L+nvironmontal 1 aw. Nothing herein ehA11 creato any oUligation on Lender for an Eirviromnental Cleanup. Non-UnifoYm COVenants. Bon�ovver and Leuder coventuit end agrea ae follows: 2?, Acceleration; Remedies. Leuder sl�nll �ive notice to Bmrower prior to accelerntiou following Borrower's lireacli of any cuven:mt m� agrcoment in tlus Secuiity Tnstrnmcnt (bat�mt piior Co nccelorntian under Secl9on 78 miless Applicablo Law provides oCharwise), The notico ahnll specify: (n) Uic dcfanit; (b) tlie actimi reqaired to cure tiie defaidt; (c) a date, uoC less than 30 daye�fi•om tlie dflCe the uoticc is given to Borrower, Uy wLich Ll�e default mast be enred;and (d) SIiaC failure Co ciu�c tho de�faiilt on or before the dato epccifled in the no[ice may res�dt in acccloration of the sums secured by fhis Sectu�iLy InsfrumenC tmcl snle of the Pinperty. The noLicesl�all fnrkher infurm Bm�rower of tlte right to roinetate after acceleration and the right to bring n conrt actimi to nsserf the non-existencc of a default or ;�ny other defcnsc of Borirower to acceleralinn xnd s��le. If Cl�o dofnnit is not cnred on or before t�he daCe specified i� tl�e notiec, Lcnder nt its option may require immediate pxyment in fid] of nll smus secnred by this Secm•ity lnstrument wiEhont fnrthor demand �nd n�ay invulce the power of sale and any other remedies permiCted by Applicable I,�w. Lendor shall be enCitled Co cnllect;dl expenscs inc�u•rcd in puren'vig the remedies prnvided in 41iis SecNon 22, inclnding, buk not limil�ed Co, reasmi;ible attorneys' fees :md coets of title evidence. IP Slie power of sale is involced, Tr�wtco shall record n nolice pf defAUlt i�i ench coanty fn wliich any pnrt of the PropeA�ty ie located and sho-�ll ni:�il copies of snch notice u� Cl�e manner prescribcd by Applicuble Lnw to Bortower and W flie oCher poraons pre�cribed by Applicable Law. After tlie fime required by Applicable Law, Trastco sl�all givo pttblic no69ce of sule to thc porsons and in the ma�mer prescriUed hy Applicable L.iw. 7'rustee, witliont demand on Borrower, shoill sell the Property at public anction to tho IughceE bidder at tlie Ci�ne ar�d place and�mder the terms desigunted in tl�e notice ofsala in one ur more parcels and in any arder Trustee deCermines. Trustec mny poetpone sale of all or,uiy parcel of the P�roperkp by pablic annoancement at Hie time and place of any prcvionslq scLednleci sale. Lender or ils desigr�ee n�xy pm•chxse tl�e Propoi•ty nt any enle. Upon recei��t of pxyme�it of the price bid, Trnstee 5ha11 deliver to tlie parcl�ascr TrnsCee's cleed cmrvoy'v�g Che Property. 'f1�e recit�ds in tlm Trnstoc's deed slt�ll be prim;�1:�cie eVidcnec of Clte trntlt of tl�c etatcments made tlierevi. Tnislee shall apply the proceeds of'the snle in the following ordei^ (n) to xll custs :uid expenses af cxcrcisiug Clie power of sale, and the s;de, iuclading tlio paymenC nf Cl�e Trnstee's feea acCanlly incut•red .md reasonxblc attorneys' fees as permitked by Applicable Lnw; (6) Co all snms aecnred by tliie SecuriCy Inehl�ment; �nd(c) any cacoae Yo tl�e persou nr persons legnlly endtled to it. 2A000�63 NEORASKk-SIn910 Pamlly-Fannlo Mae7Freddie Mac UNIFORM WSTRUMENT Porm 302b 1101 �W P CN VWP6(NE)(7105) 'NOl[ers Kluwer Ginanclal Services Paga 14 of 1 Y