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201207077
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Last modified
8/27/2012 8:56:29 AM
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8/27/2012 8:56:28 AM
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DEEDS
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201207077
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����0707� <br />by any governmental or regulatory authority, or any private party, that any removal or other remediarion <br />of any Hazardous Substance affecting the Property 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 agree as follows: <br />22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following <br />Borrower's breach of any covenant or agr�ment in this Security Instrument (but not prior to <br />acceleration under Section 18 unless Applica6le 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 which the default must be cur�; and (d) that failure to cure the <br />default on or before the date specified 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 covrt action to assert the non��stence of <br />a default or any othex defense of Borrower to acceleration and sale. If the default is not cured on or <br />before the date specified in the notice, Lender at its option may require immediate payment in full of <br />all sums secured by this Security Instrument without further demand and may invoke the power of <br />sale and any other remedies permitted by Applicable Law. Lender shall be enNtle� to collect all <br />expenses incurred in pursuing the remedies provided in this Section 22, including, but not limited to, <br />reasonable attorneys' fees and costs of title evidence. <br />If the power of sale is invok�, Trustee shall record a notice of default in each county in which <br />any part of the Property is located and shall mail copies of such notice in the manner prescribed by <br />Applicable Law to Borrower and to the other �rsons prescribed by Applicable Law. After the time <br />required by Applicable Law, 1Yustee shall give public notice of sale to the �rsons and in the manner <br />prescribed by Applicable Law. Trust�, 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 Trustee determines. Trustee may postpone sale <br />of all or any parcel of the Property by public announcement at the time and place of any previously <br />scheduled sale. Lender or its designee may purchase the Property at any sale. <br />Upon r�eipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed <br />conveying the Property. The recitals in the Trustee's deed 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 fees actually incurred and reasonable attorneys' fces as permitt� 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 secured by this Se�urity Instrument, Lender shall <br />request Trustee to reconvey the Properly and shall surrender this S�urity Instrument and all not� <br />evidencing debt s�ured by this Security Instrument to Trustee. Trust� shall rer:onvey �e Property <br />without warranty to the person or persons legally entitled to it. Such person or persons shall pay any <br />recordation costs. Lender may charge such person or persons a fee for reconveying the Property, but only <br />if the fee is paid to a third pariy (such as the Trustee) for services rendered and the chazging of the f� is <br />pernuttefl under Applica�le Iaw. <br />24. 5ubstitute Trustee. Lender, at its option, may from time to time remove Truste� and agpoint a <br />successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in wluch this <br />Security Instrument is rec;orded. Without conveyance of the Property, the successor trustee shall succeed to <br />all the title, power and duties confened upon Trustee herein and by Applicable Law. <br />25. Request 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 />Initials: ° �-� � <br />�-6G(NE) (000sl.o� Pa9e �s ot �s Form 3028 1/07 <br />� <br />
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