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01/31/2001 13:02 HOMEOWNERS LOAN 4 14024619553 200101541 Borrower shall promptly give Lender written notice of any investigation, claim, d governmental or regulatory agency or private party involving the Property and any B Law of which Borrower has actual knowledge. if Borrower learns, or is notified authority, that any removal or other remediation of any Hazardous Substance affectinj shall promptly take all necessary remedial actions in accordance with Environmental L- As used in this paragraph 20, "Hazardous Substances" are those substances define Environmental Law and the following substances: gasoline, kerosene, other flammab pesticides and herbicides, volatile solvents, materials containing asbestos or formAld used in this paragraph 20, "Environmental Law" means federal laws and laws of 0 located that relate to health, safety of environmental protection. NON - UNIFORM COVENANTS. Borrower and Lender further covenant and agre 21. Acceleration; Remedies. Lender shall give notice to Borrower prior to breach of any covenant or agreement in this Security Instrument (but not prior I unless applicable law provides otherwise). The notice shall specify: (a) the default default; (c) a date, not less than 30 days from the date the notice is given to Borr cured; and (d) that failure to cure the default on or before the date specified in the the sums secured by this Security Instrument and sale of the Property. The notic the right to reinstate after acceleration and the right to bring a court action to asst any other defense of Borrower fo acceleration and sale. If the default is not cure the notice, Lender at its option may require immediate payment in full of all sums without further demand and may invoke the po+ver of sale and any other rem/ Lender shall be entitled to collect all expenses incurred In pursuing the remedi including, but not limited to, reasonable attorneys' fees and costs of title evidence. If the power of sale is invoked, Trustee shall record a notice of default to ea. Property is located and shall mail copies of such notice in the manner prescribed b; other persons prescribed by applicable law. After the time required by applicable I of sale to the persons and in the manner prescribed by applicable law. Trustee, v sell the Property at public auction to the highest bidder at the time and place anc notice of sale in one or more parcels and in any order Trustee determines. Trust parcel of the Property by public announcement at the time and place of any previ designee may purchase the Property at any sale. Upon receipt of payment of the price bid, Trustee shall deliver to the purcl Property. The recitals in the Trustee's deed shall be prima facie evidence of the trt Trustee shall apply the proceeds of the sale in the following order: (a) to all costs a) of sale, and the sale, including the payment of the Trustee's fees actually incurred, of the principal amount of the note at the time of the declaration of default, permitted by law; (b) to all sums secured by this Security Instrument; and (c) a: legally entitled to it. 22. Reconveyance. Upon payment of all sums secured by this Security Instrumi reconvey the Property and shall surrender this Security Instrument and all notes evid, Instrument to Trustee. Trustee shall reconvey the Property without warranty and wilt legally entitled to it. Such person or persons shall pay any recordation costs. 23. Substitute Trustee. Lender, at its option, may from time to time remove Trust any Trustee appointed hereunder by an instrument recorded in the county in which t Without conveyance of the Property, the successor trustee shall succeed to all the tit] Trustee herein and by applicable law_ 24. Request for Notices. Borrower requests that copies of the notices of default at which is the Property Address_ NtS.a1RA5[A -Si4e Fsrotry ramie M —T-ddb Mac tTI+OrMM 1NSMUMMIT FM(A39M Page 6 of 7 NO. 205 P013 mand, lawsuit or other action by any Zardous Substance or Environmental by any governmental or regulatory the Property is necessary, Borrower as toxic or hazardous substances by or toxic petroleum products, toxic tyde, and radioactive materials. As jurisdiction where the Property is as follows: acceleration following Borrower's i acceleration under paragraph 17 (b) the action required to cure the wer, by which the default must be totiee may result in acceleration of shall further inform Borrower of I the non - xistence of a default or on or before the date specified in ecured by this Security Instrument lies permitted by applicable law. s provided in this paragraph 21, i county in which any part of the applicable law to Borrower and to W, Tnistee shall give public notice thout demand on Borrower, shall under the terms designated in the e may postpone sale of all or any ,usly scheduled sale. Lender or its er Trustee's deed conveying the of the statements made therein. expenses of exercising the power t to exceed 2.000 % d reasonable attorneys' fees as excess to the person or persons Lender shall request Trustee to ig debt secured by this Security charge to the person or persons and appoint a successor trustee to Security Instrument is .recorded. power and duties conferred upon sale be sent to Borrower's address i .. LLB► // i �A�'