201206748 - Laserfiche WebLink

Browse

201206748 seniences shall not apply to the preseuce, use, or storage on the Properiy of small quantities of IIuardous SLibsfanees that are generally reco�ized to be appropriate to normai residentiai uses and to mainienance of the Property(including but not luniccd to, hazardous substances in con.smner producis). Borrower sfiall prompkly give Lender written notice of(a) any investigation, cla'm demand, lawsuit or other action by any governmental or reeulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law of which Borrower has actual knowledge, (b)any Environmental Condifion, including but not limited tq any Spilluig, lealang, dischazge, release Qr threat of release of any Hazardous Substance, and(c) any condition cau.sed Uy the presence, use or release of a Hazardous Substance whieh adversely affects the value of the Property. If Borrower leams, ox is notifie$by�y governmental ar regulatory authority, or any private pariy, tliat any removal or other rcmediat�on of any Hazudons Substan.ce affecting the Propext�is necessary, Boirower shall pxomptly take a11 necessary remedial a:,tions ui accordance with Environmenta'.Law. Nothing herein shall creaCe any oblzgation on Lender for a.n Environmental Cleanup. Non-Unitorm Covenants. Borrower and Lender covenant and a�ee as follow�s: 22. Acceleration; Remedies. Lender sl�all give notice to Borro�ver prior to acceleration following Burrower's breach of any eovenaut or agreement in this Securiiy Instruinent(but not prior to . accelerafion under Sectnon 18 unless Applicable Law pro�zdes othern�ise). The notiee shall specify: (a) the default; (b) the action reqaired to cure the defanit; (c) a date, not less than 30 days fiom tLe date the notice is givQn to Bonower, by which the default muat be cured; and (c�that failare to cnre the default on or before the date specifeed in the notice may result in accelerafion of the sums secured by tlus Seturity Insiz•ament and saie of the Properly. The notice shall fvrther iuform Borrower of the righf to reinstate after acceleration and the right to bring a court acflon to assert the non-e�isteuce of a default or nny other defense of Borro«�er to aecelerarion and sale. If the defatdt is not cured on or before the date specified in the notice, Lender at its option mAy require immediate payenent in£all af all sums secured by tlus Security Insh-ument without fin•ther demand and may invol:e the pawer oF sale and any other remedies permitted by Applicable Law. Lender shxll be entitled to collect all e�enses incurred in pursuing the remedies provided in this Secrion 22, including, but not limited to, reasonable attorneys' fees and costs of tiUe eviderice. lf the power af sale is fnvoked, Trustee shull record a nofice of default in eaeh county 3n wleic� any part of the PiroperEy is located and shall mail copies of slick Lotiee in We manner prescrihed by Applicable Law to Borrower xnd to the o4her persons prescribed by Applicable La�. Aftes the time required by Applicable Law, Trustee shall give public notice of sAle fo the persons and in the inanner prescribed by Applica6le Law. Trustee, withuut demand on Borrower, shall scll tlie Property at public auction ta the highest bidder at the flme and place and under the terms designated in Yhe notice of smle in one or more parcels and in xny order 1'rustee determines, Trustee may gostpoue saic of all or any parcel of the Property by pub&c annonncemenY mt fhc time and piace of any previousty sekeduled s:ele. Lender or its designee map pnrchase the Property at anq sale. Lpon receipt of pavmemt o£the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying fhe Property. The recitats in ttre Trustee's deed shall be prima facie evidenee of the lrntix of the statemen4s made tlierein. Trnstee shall appiy thC proceCds of the sale in the following order: (a) to all cosfs and e�enses of esercisiug the power o4'sale, and the sale, in&lading tlte pavment of the Trustee°s fees actually incurre�i a.nd reasonable attarneys` fees as permiMed by Applicable La�v; (b)to all sums secared by this Seearity instrument; and(c) any e�cass to the pe�son or persons legally entitled to it. 24001]83 N'B.RASIU-SingleFzmily-FanNeMaefFretltlieldacUNIFORM WSTRUA4ENT Farm30281l01 v�P¢ vmasME)(�aos) W olters Klwief rinandal Services Page 14 of 1]