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201205534
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Last modified
9/10/2012 2:41:58 PM
Creation date
7/9/2012 8:46:10 AM
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DEEDS
Inst Number
201205534
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��������� <br />by any governmental or regulatory authority, or any private party, that any removal or other remediation <br />of any Hazardous Substance affecting the Properiy is necessary, Borrower shall promptly take all nec;essary <br />remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation on <br />Lender for an Environmental Cleanup. <br />NON-UNIFORM COVENANTS. Bonower and Lender further covenant and agr� as follows: <br />22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following <br />Borrower's breach of any covenant or agrcement in this Security Instrument (but not prior to <br />acceleration under Section 18 unless Applicable Law provides otherwise). The notice shall specify: (a) <br />the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the date <br />the notice is given to Borrower, by wirich the default must be cured; and (d) that failure to cure the <br />defaWt on or before the date speci�ied in the notice may result in acceleration of the sums secured by <br />this Security Instrument and sale of the Property. The notice shall further inform Borrower of the <br />right to reinstate after acceleration and the right to bring a court action to assert the non-e�steace of <br />a default or any other defense of Borrower to acceleration and sale. If the default is not curerl on ar <br />before the date specified in the notice, Lender at its opHon may require immediate payment in futi of <br />all sums secured by this Security Instrument without further demand and may invoke the power ot <br />sale and any other remedies permitted by Applicable Law. Lender shall be entitled to collect afl <br />expenses incucred in pursuing the remedies provided in this Section 22, including, but not limited to, <br />reasonable attorneys' fces and costs of title evidence. <br />If the power of sale is invoked, Trustee shall record a notice of default in each county in wluch <br />any part of the Property is located and shall mai! copies of such notice in the manner prescribed by <br />Applicable Law to Borrower and to the other persons prescribed by Applicable Law. After the time <br />requir� by Applicable Law, Trustee shall give public notice of sale to the persons and in the manner <br />prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell the Property at <br />public auction to the highest bidder at the time and place and under the terms designated in the <br />notice of sale in one or more parcels and in any order 1�ustee determines. Trustce may postpone sale <br />of all or any parcel of the Property by public announcement at the time and place of any previously <br />schedWed sale. Lender or its designee may purchase the Property at any sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's dced <br />conveying the Property. The r�itals in the Trustee's dced shall be prima facie evidence of the truth <br />of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) <br />to all costs and expenses of exercising the power of sale, and the sale, including the payment of the <br />Trustee's fces actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to <br />all sums secured by this Security Instrument; and (c) any excess to the person or persons legally <br />entitled to it. <br />23. Reconveyance. Upon payment of all sums s�ured by this Security Instnunent, I,ender shall <br />request Trustee to reconvey the Property and shall surrender this Se�urity Instrument and all not� <br />evidencing debt secured by this S�urity Instrument to Tn�st�. Trust� shall re�onvey the Progerty <br />without wamanty to the person or persons legally entitled to it. Such person or persons shall pay any <br />recordation costs. Lender may chazge such person or persons a fee for reconveying the Property, but only <br />if the fce is paid to a third party (such as the Trust�) for services rendered and the charging of the fee is <br />permitted under Applicable Law. <br />24. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a <br />successor trustee to any Trustee appointed hereunder by an instrument r�orded in the county in wluch this <br />Security Instrument is recorded. Without conveyance of the Properiy, the successor trustee shall succee� to <br />all the title, power and duries conferred upon Trustee herein and by Applicable Law. <br />25. R�uest for Notices. Borrower requests that copies of the notice of default and sale be sent to <br />Borrower's address which is the Property Address. <br />�-6G�NE) �00o5).oi Page 13 of 15 <br />O <br />Inkials:� <br />Form 3028 1 /01 <br />. ` � i�� � p ,. <br />
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