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201201838
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201201838
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Last modified
3/14/2012 1:55:05 PM
Creation date
3/9/2012 3:30:16 PM
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DEEDS
Inst Number
201201838
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201201838 <br /> sentences sha11 not apply to fhe prc�cncc, use, or storaga on the ProperCy of einall yuantitie�of IIazardous <br /> S'al�stanoo5 tl�at are generally recognized fo be nppropriate to normal residentifll nses and to muintcnance of <br /> the Property(including, but noC IiiniCed to, hnz�u•dous sul�sfances in couswnar producte). <br /> Borrower�hall prompt1y give Lender written norice�of(a) any investigatiion, elaim, dem�nd, lawstut or other <br /> aotion by An}°goveini��cntal or reb�ilatory agency oi�private party involviilg the Propeity�nd ei�y IIazarcious <br /> Substance or BnviromnenC�l Law of wl�icli 13orrower has actunl lrnowledge, (b) a�ry�1?uviromnantal <br /> Condition, uicluding biit not linuCecl tq any spilling, leaking, dischGu•ge, rele�se or Cbreat of release oP'any <br /> Hazardous Substanca, and(a) any condiLion oaused 6y tlu presence, use or releeee oP a Hazardous Substance <br /> wluch adversely affects the value of Yhe Propert}�. If IIorrower Icatns, or is notified by any governme�ital or <br /> regulatoxy�uthority, or uny private parry, [hati any removal ot ofher rc��iediatiai of any Hazardous SiabsCanoe <br /> afPec�rng tl�c Yropert�+is necessary, Borrower shall prom�tly talce a11 necessaz•y remecflal�eCions in <br /> accorclance wifli L�nvironmenta1 Taw. Nothuig herein ehall creafe a�ty oU7igatioii on Leuder for nn <br /> P�nvu�omnent�l Cleanup. <br /> Non-UnifoPm Covenants. Borrowcr zuid I,ender covantmti end agree as follows: <br /> 22. Acceleration; Remedies. l.ender shall givc notice to Borrower prior tu acceleration following <br /> Boirowcr's 6reacli of auy covenhnt or ngreeiuent in this Semirity IneUriunenC(but nol prior Co <br /> acacloration nnder Section 18 milqss ppplicable l.uw l�rovidcs oYl�crwise). Tlie�mClce shall specif'y: (a) <br /> the defaidt; (li) tho nction req�dred to m�re Clio defaulC; (c) x dxte, noC less thau 30 daye flrom fLe date <br /> tLo notice is given f.o Borrowcr, by wluch tlie defanit mi�eC be cnred; and (d) that failarc to enre tlie <br /> defanit mi or Uefore tho dxCe specified in tlie noticc may res�dt in aeceleraCion of the sums sec�u•ed by <br /> this Sccnrity Iustrtnnent and sale of Cl�e Property. '1'he notice shnll fnrtl�er infornt Borrower nf the <br /> i4ght to reinsf.a�te after nccelcraYion and fhe riglit to bring a coi�rt xctiun to asserC tl�o non-oxisCence of a <br /> defnnit or any olhe��defez�se of Rdrrower to�ceelerntiwt and sttle. IP Olie deCanlC is nui cured on or <br /> � beforc the dnYe specified vi Che nofice, Lon�ler xt its option inay rcqtiire immediate pflymenC in full of <br /> ;dl siuns scciucd by tl�ie Seeurity InsCriunent n�C}mnC fin•Cher demaud ;md mn,y involce the power of sale <br /> and any oCher r�emedies permiYCcd by Applicnble LTw. Lender shall be entitled to collecC all oxpenses <br /> v�cnrred ix�pm'sa3ng the reniedleS pravidcd in t6is Sectlou 22, inelnding, bul'not li�nited to, rensonablc <br /> nttorueys" fees m��l costs of Litle evidence. <br /> I1'the power of salo is involted, TrnsCee sliall record n notice of cleP:udt in cncl� conuty in whicli any <br /> parC of tl�e Propert�is located nnd s6a11 mail copies of snch noflce➢n 1:he maiuter prescribed by <br /> Applicnble Law fo Borrower nnd to tlie other persons pecscribed by Applic�ble Law. After the Ei�ne <br /> required by Applicable Law, Trnsise yhall give pnblic notice of sale Co tlic persons a�td in tlie ma�oier <br /> prescribed by Applicable Lnw. Trnstec, withont dem�nd on Bmrower, sh,�ll sell thc Property at pnblic <br /> ancGmi Co flie liigliest bidder at the ti�ne xnd Nlnec nnd nndcr the terms designaCed fii the notice of anlc <br /> in m�o or more pnrcels and in any m�tler'Prustee detei�nines. Trostee mny postpmie sale of all or an,y <br /> paroel of tho Property by pnblic amiomwemenC aC i�he time and pinco of any previouely ecliechded sale. <br /> Lender or its designcc may pnrcliase tl�e PY•operty a[ �ny snle. <br /> Opon receipt of pnymcnt of tl�e price Uid, Truslee sLall deliver tu Nie pm�cl�nser Trnstec's deed <br /> cmroeying the ProperLy. The recitnls in tlio Trnstce's cleed sliall be�rlma fxcie evidenee af Chc Cruth of <br /> Yhe st�tementa mlde Cliereiu. '1'r�tsfee shall �pply tlie proceode of t11c sale in the fnllowing oi�der: (:i) tu <br /> :dl wsts nnd oxpcnsos of exercising Hie power of eale, and the s�ile, including tlic paymenf of tlie <br /> TrnsCee'S fee,c achinlly inc�u•red and reasm�ablo attorneqs' fees as pennitted by Applicable Lnw; (b) to <br /> all emns secnred by [lus Secw�ily instrmnent; :md (c) any excess to tlie pensmi or perem�s legally <br /> entifled to it. <br /> 24000b21 <br /> ryEBR/tSKASlnflla Farcilly-Fannio M aa7Ffeddle W ac UNIFOftM W51'RUM EN'I" Form 3028 1101 <br /> Nfd P(N VM Pfi(NG)(1105) <br /> Wolters Kluwer Ginanclal 9zvices Pa9e 14 of 1/ <br />
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