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201309419
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Last modified
1/1/2014 12:46:14 AM
Creation date
12/3/2013 1:56:17 PM
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DEEDS
Inst Number
201309419
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201309419 <br /> any removal or other re Mediation of any Hazardous Substance affecting the Property is necessary, Borrower shall <br /> promptly take iii necessary remedial actions in.acecrdance with Environmental Law. Nothing herein shall create any <br /> obligation on Lender for an Envlroxx .enieI Cleanly. <br /> NON-UN IFORM COVE N A T .Borrower and Lender farther covenant and agree as follows: <br /> 22 Acceleration; Remedies. Lender shall give notice to Bon-over prior to acceleration following <br /> Borrower's breach of any covenant or agreement in this Secmity Instrument(but not prior to acceleration under <br /> Section 18 unless Applicable Law provides otherwise). The notice shall specify: (a)the default (b)the aeon <br /> required to cure the default(c)a date, not less than 3D days from the date the no .ce is given to Borrower, by <br /> which the default must be cured;and(d)that failure to care the default on or before the date specked in the <br /> notice may rest in acceleration of the sums secured by this Security Instrument and sale of the Property. The <br /> notice shall farther inform Borrower of the right to reinstate after acceleration and the right to bring a court <br /> action to assert the non-existence of a default or any other defense of Borrower to acceleration and sale. lithe <br /> default is not cured on or before the date specified in the notice, Lender at its option may require immediate <br /> payment in fun of all.-sums secured by this Security Instrument without further demand and may invoke the <br /> power of sale and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all <br /> expenses incurred in pursuing the remedies provided in this Section,12,including, bit not limited to,reasonable <br /> attorneys' fees and costs of title evidence. <br /> If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part <br /> of the Property is located and shall mail copies of such notice in the Manner prescribed prescnibed by Applicable Law to <br /> Borrower and to the other persons prescribed by Applicable Law. After the time required by Applicable Law, <br /> Tnistee shall give public notice of sale to the persons and in the manner prescribed.by Applicable Law. Tflastee, <br /> without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and <br /> place and under the terms designated in the notice of sale in One or more parcels and in any order Trustee <br /> determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time <br /> and place of any previou.sly scheduled sale. Lender or its designee may purchase the Property at any sale. <br /> Upon receipt of payment of the price hid; Trustee shall deliver to the purchaser Trustee's deed conveying <br /> the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements <br /> made therein. Trustee shall apply the proceeds of the sale in the following order: (a)to all costs and expenses <br /> of exercising the power of sale, and the sale, including the payment of the Trustee's fees actually incurred and <br /> reasonable attorneys' fees as permitted by Applicable Law;(1))to all sums secured by this Security Instrument; <br /> and(c) any excess to the person or persons legally entitled to IL <br /> 23. Reconveyante. TJponpayment ofd sons secredby this Security InstTument,Lender shall request Trustee <br /> to reconvey the Property and shall surrender this Security instrument and all notes evidencing debt secured by this <br /> eer y T-pqrlitnemt to Trustee_ Trustee shall reconvey the Property without warranty to the perm CT persons leery <br /> entitled to it Such person or persons shat]pay any recordation costs_ Lender may charge such person or persons a <br /> fee for reconveying the Proper-y,but only if the fee is paid to a thin]party(such as the Trustee)for services rendered <br /> and the charging of the fee is permitted under Applicable Law. <br /> 24. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor <br /> trustee to any Trustee appointed hereunder by an instrument recorder in the county in which this Security Instrument <br /> is recorded_ Without conveyance of the Property, the successor trustee shall succeed to all the title,power and duties <br /> conferred upon Trustee herei <br />
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