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<br />20/300289
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a
<br />period of not Less than the minimum number of days established by Applicable Law from the date the notice is
<br />delivered or mailed within which Borrower must pay all sums secured by this Security Instrument. If Borrower
<br />fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this
<br />Security Instrument without further notice or demand on Borrower.
<br />Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrower shall have the right to have
<br />enforcement of this Security Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other
<br />period as Applicable Law may specify for reinstatement) before sale of the Property pursuant to any power of sale
<br />contained in this Security Instrument; or (b) entry of a judgment enforcing this Security Instrument. Those
<br />conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrument
<br />and the Contr ct as if no acceleration had occurred; (b) cures any default of any other covenants or agreements; (c)
<br />pays all expe es incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys'
<br />fees to the extent permitted by law; and (d) takes such action as Lender may reasonably require to assure that the
<br />lien of this Se urity Instrument, Lender's rights in the Property and Borrower's obligation to pay the sums secured
<br />by this Securi Instrument shall continue unchanged. Upon reinstatement by Borrower, this Security Instrument
<br />and the oblig tions secured hereby shall remain fully effective as if no acceleration had occurred. However, this
<br />right to reins . te shall not apply in the case of acceleration under the section titled Transfer of the Property or a
<br />Beneficial In serest in Borrower.
<br />bstances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any
<br />. stances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting
<br />at is in violation of any Environmental Law. The preceding two sentences `shall not apply to the
<br />or storage on the Property of small quantities of Hazardous Substances that are generally recognized
<br />te to normal residential uses and to maintenance of the Property.
<br />1 promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by
<br />ntal or regulatory agency or private party involving the Property and any Hazardous Substance or
<br />Law of which Borrower has actual knowledge. If Borrower learns, or is notified by any
<br />or regulatory authority, that any removal or other remediation of any Hazardous Substance affecting
<br />is necessary, Borrower shall promptly take all necessary remedial actions in accordance with
<br />Law.
<br />s paragraph, "Hazardous Substances" are those substances defined as toxic or hazardous substances
<br />ntal Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum
<br />c pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and
<br />terials. As used in this paragraph, "Environmental Law" means federal laws and laws of the state of
<br />relate to health, safety or environmental protection.
<br />Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's
<br />covenant or agreement in this Security Instrument or the Contract under which acceleration
<br />but not prior to acceleration under the section titled Transfer of the Property or a Beneficial
<br />rrower, unless Applicable Law provides otherwise). The notice shall specify: (a) the default;
<br />n required to cure the default; (c) a date, not less than the minimum number of days
<br />Applicable Law from the date the notice is given to Borrower, by which the default must be
<br />) that failure to cure the default on or before the date specified in the notice may result in
<br />of the sums secured by this Security Instrument and sale of the Property. To the extent
<br />law, the notice shall further inform Borrower of the right to reinstate after acceleration and
<br />ring a court action to assert the non - existence of a default or any other defense of Borrower to
<br />nd sale. If the default is not cured on or before the date specified in the notice, Lender at its
<br />equire immediate payment in full of all sums secured by this Security Instrument without
<br />nd and may invoke the power of sale and any other remedies permitted by Applicable Law.
<br />t permitted by law, Lender shall be entitled to collect all expenses incurred in pursuing the
<br />vided in this Section, including, but not limited to, reasonable attorneys' fees and costs of title
<br />of sale is invoked, Trustee shall record a notice of default in each county in which any part of
<br />is located and shall mail copies of such notice in the manner prescribed by Applicable Law to
<br />d to the other persons prescribed by Applicable Law. After the time required by Applicable
<br />shall give public notice of sale to the persons and in the manner prescribed by Applicable
<br />, without demand on Borrower, shall sell the Property at public auction to the highest bidder
<br />d place and under the terms designated in the notice of sale in one or more parcels and in any
<br />e determines. Trustee may postpone sale of all or any parcel of the Property by public
<br />t at the time and place of any previously scheduled sale. Lender or its designee may purchase
<br />at any sale.
<br />of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying
<br />. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements
<br />. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and
<br />xercising the power of sale, and the sale, including the payment of the Trustee's fees actually
<br />reasonable attorneys' fees as permitted by Applicable Law; (b) to all sums secured by this
<br />rument; and (c) any excess to the person or persons legally entitled to it.
<br />® 2004 -2012 Compli:. Systems, Inc. EECO.457B - 2011L2.6.544
<br />Consumer Real Estat. - Security Instrument 0L2036 Page 4 of 5 www.compliancesystems.com
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