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201205292
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Last modified
9/10/2012 2:38:44 PM
Creation date
7/2/2012 8:59:15 AM
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DEEDS
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201205292
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2�12�5292 <br />scntences sl�il aoi apply ta the pre.sruce, use. or stotage on the Froperiy of small quaatities of Hazardous <br />Sabstaaces t6at are generally mcognixed to be appmprirate Io narmQl residential �es and to maintenanc� of <br />che Property (including, but not limitcd to, hazardous substanc� in consumer products). <br />Borrower shall pramptly give I.ender wric�en notice of (a) any investigation, claim. demand, lawsuii or oti�er <br />action hy auy gove:rnmentn,l or regulatory �geacy or priv�te party involving the Properly and any Ha�rdous <br />Subeiance ar Enviraivnentui Law oC �vhich &m�c�wer has c►elugi irnowtedge, {b) any F.nvirz�mnentril <br />Candition, including hut not limited to, aoy spilling, le,alcing, discharge, releas� or threat of release of any <br />Hazardous Substance, aad {c) any condition cause�i by the presence, use or release of a Hazardous Suhstance <br />which adverseiy afF�fs the value of the Pmperty. If Bocrower leacus, or is noti6at by any governmeotai ar <br />regulatory autharity, or aay private party, tbat any r�tnovaE or othcr remediation of any Haze.�'dous Suhstanae <br />aff'e�ting the Property is neccssary. $orrower shall promptly take ali neces�ary remedia2 actions in <br />accotdancc with Environmcntal Law. Nothing hercin shali creutc any obligatiun an Let�dcr fos an <br />Environmental Cl�tbvp. <br />Non-tJniformCovenants.Bonower and Lander aove,na.nt and s►gree us follows: <br />22. Accefer�tldn; Rentedies, L,eader �ahell pive ontire to Snrrnwer prior to acceleration follewing <br />Bnrrawer's bresc.�► of aop covenant or agrcement in this Security Iustrament (bnt not prior to <br />acseieration ander Sect':on 18 nnless Applicable Law provides other�vise� The aolaee shail specii'y: (a) <br />tl�e defaalt; (b) the action reqaired to wre th,e defanl� (c) a date, not less than 30 days trout t&e c�te <br />the aotiee is given M Borrower, hp tvt�ch the dcfat�lt must be cured; and (d) tbat failnre to cure the <br />d�ffault as► or be1'ore t6e date spe 'c�iied in the notice may resrilt �n aceeleratioa of the sums secured by <br />t3�is Security Instrement �nd sale of tbe Property. The noEice shaA Purther inform Borrower of the � <br />right tu reiostate aft�r accelerxtion and the right to bring a cuurt actiun to g�ert the uon-exiiateac� of a <br />default ur any other defet�se o1' Borrower to secel�ration and sale. IC t.i�e defaetit is not cured on or <br />hei'ore t�e date speeif'�ed in t6e aatecc, I.eteder at its optinn may require irnmediate paymeat in full of <br />�fi �ms secured by Niis SerurYly Instrument withuut furEher dema3ad and may invoke the power of sa3e <br />and ann otber remedies permitted by Apgticable Law. Lender sha11 be entitled bo eatlect all espenees <br />incurred in pursuing the remedi� pravided i�n this Section ZZ, Yneluding, but not limited to, reasanab�e <br />at�araeys• fecs and cost� of tit]e evidence. <br />If t�c po�ver of sale is invotced, �'ruetec shali recurd � nutice ot defautt ia each county in which aay <br />�tart uf #:6c Property t�s locat�l and shall maif copiea of such nol3cc in the mauncr pre.�crYbed by <br />A}rplieable Law tu $urrower a�td tu the ather peesoas pr,esscribe� by AppHcable Law. Aft�r tLe kime <br />req�rir� by Applicable Law, Tructee shalt give pnblic aokice nP �!e to the per�►ns a� in the manner <br />presen'bed by ApplicabYe Law. Trustee, withaut demand on Borrotver, shall sett tLe Propertg at publie <br />auctipn to tbe 6ighest 63�dder at thc time aad plracr �nd uader the terms designated in Ebc aotice o# sale <br />�u one vr more parcel� a�nd in any order Trustce determincs. Trustee may poslpone sale of all or aay <br />parcel of the Property by public annouacemeat at the time and place of any previoasly schedaled ea1e. <br />L�nder or its desigaee map purchase the Prnpertv at amy sale. <br />Upon receipt of payment of t6c pricc bid, Trustee shall delivcr to t6c parcl�aser Ttustee's deed <br />conveyiag the ProperEy. The redtals in the Trustee's deed shall be prima Pacie evidenee of the trnth of <br />ffie stat�ments made t6erein. Trudf.ee sh�ill ap�ty the prucecds oi the salc in tbe folMwiag order: (a) to <br />al! cost� and egpenses ol exercising the g�►wer of a�le, and tfie sale, induding t6e payu►ent ar the <br />Trustee's tees ac�tnally incnrred and reasonable attornevs' fees as permitted hy Applicable Law; {b) to <br />alI sams seenrad by t6is Seeurity Instrnmeat; and (c) any egcess W the person or per�r� Iegally <br />entitied tc► i� <br />VMP��18 Fm�d1Y.Fannte AAaelFreddl8 Mee UNiFORM INSTRIlMENT Fc� 9028 VM <br />Wokats KhRVer Fhmtociel8eroices uMPB�E) (1105).00 <br />Paga 14 of 17 <br />
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