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201602156
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Last modified
7/23/2017 10:35:41 AM
Creation date
4/12/2016 10:04:33 AM
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DEEDS
Inst Number
201602156
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2� 1 ��215� <br /> small quantit�es of Hazardous Substances that ar�generally re�ognized to be ap�r�pria#e to n�rmal <br /> residential uses and to maintenance of the Property�including,but not limit�d t�,ha�ar�lous substances <br /> in c�nsumer prflducts}. <br /> $�rrov���sh.a�ll pramptly give Lender written no�iGe of ta}an�r investigativ�,claim,d�mand,�a�v�uit or <br /> other a�tion by an�go�ernmental or regulatory agency or private pa�y invo�ving the Property and any <br /> Hazardous Substance or En�uonmental Law�f w�ich�orro�ver has actua��nowledge, �b�any <br /> Environmen�a�Conditian, includin�but not�im�ted�o,any spilling, leaki�g,discharge,r��eas�or threat <br /> of release of any Hazardous Substance,and(c)any condi�ion cau�ed by the presence,use or release af a <br /> Haza.rdous Substa.nce�v�ich adversely affects�he value of the Property. If�orr�wer leams,�r is not�f ed <br /> by any governmenta�or regu�atory authority,or any pr��ate party,that any rernoval or other r�mediation <br /> o�any Hazardous Substance affecting the Property is nec�ssary,Borr�awer�ha1�promptly ta�e a�l <br /> nec�ssary remedia�actions�n aecordance with Envir�nmental Law.Nothing herein sha11 create any <br /> obligation on Lender for an En�ironmen�al�leanup. <br /> NDN-UN�FURIIA G�VENANTS.Borro�er and Lender further covenant and agree as fol�ows; <br /> ��. Acceleratian;Remed�es.Lender shal�gi�e natice to Borrower pri�r to a�celerat�vn fa�lowing <br /> Borrv�ver's breach af any ca�enant ar agr��m�n.t in this�e�urity Instrument�but n�t pri�r to <br /> acCeleration under SeCtion 17 uniess Applicab�e Law prv�ides vther�ise�.The notice shall specify: <br /> �a}the defarxlt;t�)the acti��required t�cur�the���fault;tc}a date,not less than�U�d�ys fr��the <br /> �d�te the nat��e is gi�en�o Bvrr�wer,b�wh�ch t�e default must be cured; and�d�that failure to <br /> z�re��e�.e�au�t vn or before#�.��late specifxed in the nvt��e m.a�result in a�ce�erati�n�f the sums <br /> se�ured b�this S�curity Instrum�nt aad sal�of the Propert�.The notice�hal�further inform <br /> B�rrvwer vf t�e right tv reinstate after ac�ele�at�an and tbe rigbt tv bring a court act�on ta assert <br /> the n�n-ex�stence of a default or any ather defense of Bar�awer to a�celerat�tin and sale.If the <br /> default i�not cured on ar before the date specified in the nvtice,Lender at its�ption may requ�re <br /> immediate payment in fu�l of all sums secured by th�s Se�urity Instrument without further demand <br /> and m�y invoke the power vf sa�e and�ny vther remedies permitted by Appli�ab�e Lav�.Lender <br /> shall be entitled to coll�ct all expenses�n�urred in pursu�ng the remedies prvvided in this Sectian <br /> ZZ,in�luding,but not limited to,reasonable attorneys'fees and casts of title evidence. <br /> If the p�wer of sale is�.�►vaked,Tru�tee shatl recard a r�vtice�f default in each c�unty in whi�h any <br /> part af the Property is lo�ated and sha��mail copie�of such no�ic�in the manner prescxibed by <br /> Applic�ble Law tv Barrov�er and to the other pers�n�presCri�ed by Applicable Lav�.After the time <br /> required by App�icabl�I�aw,Trustee shal�give pub�i�notic�of s�►le to the persons and in th� <br /> manner prescribed by Ap���cable Law.Trustee,w�ithout demand vn Borrower,shal�se��the <br /> Praperty at public au�tion to the highest bidder at th�time and p�ace and under the terms <br /> design�ted in the noti�e of sale�n one or mare par�els and in any order Trustee determine�,Trustee <br /> may postpQne sale of a��or any parcel of the Property by public annauncement at Ehe t�m.e an�d <br /> place�f any prev�ousl�scheduled sa�e.Len�er�r its designee may purcbase the Pr�perty at any <br /> sale. <br /> FHA Qeed of Trvst 11Vith M�RS-NE �E��Q�� <br /> Bar�k�rs SystemsT�" VMP� VMP4N�IVE)�'�5�B U4 <br /> Wotters Klwver F inancial Services Page 14 0�1? <br /> q4335�923047 U�33 327 1417 <br />
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