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201208146
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Last modified
10/10/2012 10:19:55 AM
Creation date
10/1/2012 8:57:01 AM
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DEEDS
Inst Number
201208146
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�0�20814� <br />adversely af�ects the value of the Property. The preceding two sentences shall not apply to the <br />presence, use, or storage on the Property of sraall quantities of Hazardous Substances that are <br />generally recognized to be appropriate to normal residenflal uses and to maintenance of the <br />Property (including, but not limited to, hazardous substances in consumer products). <br />Bonower shall prompfly give Lender wrltten notice of (a) any imesflga8on, claim, <br />demand, lawsuit or other action by any governmental or regulatory agency or pdvate party <br />involviug the Property and any Hazardous Substance or Environmental Law of which Bonower <br />has actual knowledge, (b) any Environmental Condition, including but not limited to, any <br />spilllng, leaking, discharge, release or threat of release of any Hazardous Substance, and (c) any <br />condiHon caused by the presence, use or release of a Hazardous Substance which adversely <br />atfects the value of the Property. ff Borrower learns, or is notit3ed 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, Borrower shall prompfly take all <br />necessary remedial actions in accordance wiW Environmental Law. Nothing herein shall create <br />any obligaflon on Lender for an Environmental Cleanup. <br />follows: <br />NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as <br />22. Acceleration; Remedies. Lander shall �ive notice to Borrower prior to <br />acceleration following Borrower's breach of any cov�ant or agre�ement in this Secauity <br />Iastrum�t (but not prior to acceleration under Se�ction 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, aot 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 acx;eleration and the right to bring a crourt action to assert the <br />non-existence of a default or any other defense of Borrower to acceleration aad sale. If the <br />default is not cured on or before the date specified in the notice, Lendar at its option may <br />require immediate payment in full of all sums secured by this Security Instrume�t without <br />further demand and may invoke the power of sale and any other remedies permitted by <br />Applic�ble Law. Lender shall be entitled to collect all expeases incurred in pursuing the <br />remedies provided in this Section 22, including, but not limited to, reasonable attorneys' <br />feas and costs of title evidenc�. <br />If the power of sale is invoked, Trustea shall record a notice of default in each county <br />in which any part of the Property is located and shall mail copies of such notice in the <br />manner prescribed by Applic�ble Law to Borrower and to the other persons prescr�ed by <br />Applicable Law. After the time required by Applicable Law, Truste,e shall give public <br />notice of sale to the persons and in the manner pr�cxibed by Applicable Law. Trustee, <br />without demaad on Borrower, shall sell the Property at pubHc auction to the highest bidder <br />at the time and place and under the terms deisgnated ia the notice of sale in one or more <br />parcels and in any order Trustce determinea. Truste� may postpone sale of all or any <br />I�B�$� — Sivgle FemtlY -- Faode MadFraddio Mac UHIFORM INS1R[1MENl' Fmm 30Z8 1 <br />GCC - G3028-16 (09/Ol) (Page i6 of19) Initialt�• <br />�� <br />
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