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201203784
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Last modified
5/14/2012 8:35:07 AM
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5/14/2012 8:35:06 AM
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DEEDS
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201203784
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24 1203��� <br />adversely affects the value of the Property. The preceding two sentences shall not apply to the <br />presence, use, or storage on the Property of small quantities of Hazatdous Substances that aze <br />generally recognized to be appropriate to normal residential uses and to maintenance of the <br />Property (including, but not limited to, hazardous substances in consumer products). <br />Bonower shall promptly give Lender written notice of (a) any investigation, claim, <br />demand, lawsuit or other action by any governmental or regulatory agency or private party <br />involving the Property and any Hazardous 5ubstance or Environmental Law of which Bonower <br />has actual l�owledge, (b) any Environmental Condition, including but not limited to, any <br />spilling, leaking, discharge, release or threat of release of any Hazardous Substance, and (c) any <br />condition caused by the presence, use or release of a Hazardous Substance which adversely <br />affects the value of the Properiy. If Bonower learns, or is notified by any governmental or <br />regulatory authority, or any private party, that any removal or other remediation of any <br />Hazardous Substance affecting the Property is necessary, Bonower shall promptly take all <br />necessary remedial actions in accordance with Environmental Law. Nothing herein shall create <br />any obligation on Lender for an Environmental Cleanup. <br />follows: <br />NON-UNIFORM COVENANTS. Bonower and Lender further covenant and agree as <br />22. Acceleration; Remedies. Lender shall give notice to Borrower prior to <br />acceleration following Borrower's breach of any covenant or agreement in tWs S�urity <br />Instrument (but not prior to acceleration under 5ection 18 unless Applicable Law provides <br />otherwise). The notice shall specify: (a) the default; (b) the action required to cure the <br />default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by <br />which the default must be cured; and (d) that failure to cure the default on or before the <br />date specified in the notice may result in acceleration of the sums s�ured by this Security <br />Instrument and sale of the Property. The notice shall further inform Borrower of the right <br />to reinstate after acceleration and the right to bring a court action to assert the <br />non-existence of a default or any other deFense of Borrower to acceleration and sale. If the <br />default is not cured on or before the date specified in the notice, Lender at its option may <br />require immediate payment in full of all sums s�ured by this Security Instrument without <br />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 <br />remedies provided in this Section 22, including, but not limited to, reasonable attorneys' <br />fees and costs of title evidence. <br />If the power of sale is invoked, Trustee shall record a notice of default in each county <br />in wluch any part of the Property is located and shall mail copies of such notice in the <br />manner prescribed by Applicable Law to Borrower and to the other persons prescribed by <br />Applicable Law. After the time required by Applicable Law, Trustee shall give public <br />notice of sale to the persons and in the manner prescribed by Applicable Law. Trustee, <br />without demand on Borrower, shall sell the Property at public auction to the tughest bidder <br />at the time and place and under the terms deisgnated in the notice of sale in one or more <br />parcels and in any order Trustee determines. Trustee may postpone sale of all or any <br />�' B�$� — Single Family — Fennie MaeBreddie Mac UNIFORM INSfRUMENT Eorm 30Z8 <br />GCC - G3028-16 (09/Ol) (Page 16 of I9) Initials• <br />
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