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201406860
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201406860
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Last modified
7/20/2017 9:22:12 PM
Creation date
10/29/2014 12:52:11 PM
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DEEDS
Inst Number
201406860
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��14��5�� <br /> notified by any governm�ntal ar regulatory auth�ri�y, or any private party, that any remo�al or other <br /> remediatian of any �lazardous Substance affecting �he Property is necessary, Borrower shal� promptly <br /> take af� necessary remedial actions in accordance wi�h En�ironmental Lav�r. Nothing herein shall creafe <br /> any obligation on Lender far an Environmen�al Cleanup. <br /> IV�N�UNIF�RM �C]VENANTS. B�rrower and Lend�r furth�r cavenant and agree as fnffows: <br /> ��. ►4��elera���n; Rem�die�. Lend�r ��all �i�e r�o�[�e �� B�rrower pri�r �o a���lera�i�n <br /> foll�win� �orrow�r'� br��ch �f any ��rr�nan� �r agr�erri�nt ir� th�� �e�uri�y �n�trur�nen� ��u� r��t <br /> privr t� a��elerativr� unc��r �e�tivn 'i� unle�� Appli�a�l� L�w prgrric�e� �th�r°wi��}. T°h� r�oti�� <br /> shall specify: ta} the default; �b}the action required �v �ure the default; ��} a da�e, nca� I�ss than 39 <br /> days from the cla�e t�� natice is gi�en t� �orrower, �y wnich �he cl�fault rnust b� cured; and �d} <br /> that fa�lure �� cure �he defaul� c�n �r before th� c�ate specified in the notice may result in <br /> acceleratian c�f the sums secured by this Security �nstrumen� and sale c�f�he F'roper�y. The n�tice <br /> shall further inform Borrar►ver of the right �o reinstate after acceleration and the right to bring�a <br /> court action �a assert the non�existence of a default or any ather defense of Borrower ta <br /> accelerat�an and sa1e. �f the defau�t is not cured on or k�efore the date specif��d in the notice, <br /> Lender at its �ption may requ�r� immediate payment �n full af all sums s�cured �y this Securi�y <br /> Instrument vrrithout f�urther demand and may �n�oke the p�rrver �f sale and any oth�r remed�es <br /> permitted by Applicable La►rv. Lender shail �e entitled to cvl�ect all expenses incurre� in pursuing <br /> the reimedies pro�ided in this Section ��, including, bu# not I�mit�d ta, reas�nabl� attorneys' f��s <br /> and costs of t�tle e�idence. <br /> lf the power of sale is inrroked, Truste�shali recard a n�ti�e of defau�t in each caunty in which <br /> any par� of the Property is IoGated and s�a�� mai� �opies of such nv#ice in the manner prescribed <br /> by App�icable Law tv Borraw�r and ta the o#h�r pers�ns pr�scribed by Applicable Larnr. After the <br /> time requir�d by Applicable Law, Trustee shal� girre publ�c notice of sa�e ta the pers�ns and in th� <br /> manner prescribed by Applicable Lar►v. Trustee, without demand on Borrower, sha�l se�l the <br /> Proper�y at public auctia� to the ni�hest �idder at �he tin�e and p�ace and under the terms <br /> designated in the natice of sale in one or mnre parcels and in any order Trus�ee determines. <br /> Trustee may post�one sale�rf all ar any parce� of the Property �y publ�c announ��ment at#n�tim� <br /> and place of any prerriously sch�duled �a��. Lend�r or its des�gnee may purchase th� Property at <br /> any sale. <br /> U�an rec�ipt of payment of the price bid, Trustee shall de�i�er t� the purchaser Trustee's deed <br /> �onrreying the Proper�y. The recitals in the Trusteers deed sha�� be prima facie erridence of the <br /> truth of the stater�ents made therein. Trustee shall apply the pro�eeds of ths sale in the follo►nring <br /> order: �a} t� all costs and expenses of �xer�ising the power �f sal�, and the sale, inc�uding the <br /> paymertt of the Truste�'s f�es actua�ly incurred and reasonable attorneys' fees as permitted by <br /> Appli�able Law; �b} ta aIl sums secured by this Security Instrurnent; and �c} any excess t� the <br /> person �r persons legal�y en�itled to it. <br /> �3. Recanr�eyance. Upnn payment �f all sums s�cur�d by th�s Security Instrument, Lender shall <br /> request Trustee �o r�convey th� Property and shail surrende� th�s Security Instrumen� and a�l notes <br /> e�idencing debt secu�ed by �his Security �nstrument ta Trus�ee, Trus�ee shall reconvey the Property <br /> withaut war�an�y �o the person �r persons [egally en�it��d to i�, 5uch pers�n o� per�ons shall pay any <br /> recordati�n costs. Lender may charge such person or per�ons a fee for reconveyin� the Property, but <br /> only �f the fee is paid �o a third party �such as th� Trust�e} for services rendered and the charging of the <br /> fe� is p�rmitted und�r App�icab�e Law. <br /> �4. Su�stitut� Trustee. Lender, at its option, may from �ime ta time r�mave Trusfee and appo'rnt a <br /> successar truste� to any Trustee appainfed hereund�r by an instrum�nt rec�rded in the county in which <br /> this Securi�y I nstrumen� is recorded. VIlithout conveyance of �he Property, the successor trus�ee shall <br /> succeed to all �he title, �ower and duties c�nferr�d upan �rustee nere�n and by A�piicabie Law. <br /> 25. R�que�t f�r N�ti���. E3o�rower reques�s �hat co�ies of the notice of defaul� and sale be sent to <br /> Borrawer's address which is the Property Address. <br /> �pa�e�1 of 1�} <br />
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