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201605214
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Last modified
7/24/2017 3:00:51 PM
Creation date
8/12/2016 8:53:53 AM
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DEEDS
Inst Number
201605214
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2� 1 ��5214 <br /> sentences shal� nat apply��th�pre��n��, use, �r storage on�h�Praper�y af sma�� quant��ie�of Hazardous <br /> Substances �ha�are genera�l�r r�cognzzed to be appr�pr�ate�o norma� residen��a�uses and tn maintenance of <br /> the Proper�y �inc�ud�ng, but n����mzted�o, hazardous subs�ances in�ansumer pr�ducts}. <br /> Borr�vver shall pr�mptly gi�e Lender wr�tten notic��f(a} any �nvestzgat�on, c�aim, demand, �awsuit or�ther <br /> ac�ion by any gnvernmenta�ar r�gu�atary ag�ncy or private par�y �nvo�vzng the Praper�y and any Hazardous <br /> Substance�r En��ronmental Law af wh�ch Borrawer has ac�ua� know��dge, �b}any Envir�nmenta� <br /> �ond�t�on, includ�ng but not lzmi�ed to, any spi��in�, �ea��ng, d�s�harge, r�zease ar threat of re�ease of any <br /> �azardous Substance, and �c} any cand�tion Gaus�d �y��e presence, use or r��ease of a�azardous Subs�ance <br /> which adversely affects the va.�ue of the Praperty. If Borrower�earns, or is no�if�ed b�r an�r go�ern.rnen�a.� ar <br /> regulatory authari��r, or an�private party, tha�any rem��a� �r�ther remed�ation of an�r Ha.2ardaus Substance <br /> affec�ing �he Pr�per�y �s necessary, Barrower sha�� pramptly ta��all n�Cessary remed�a� actzons �n <br /> acc�rdance w�th Environm�nta� Law. Noth�ng her��n sha�I crea�e any ob�iga�ion�n Lender for an <br /> Env�r�nmen�a� �leanup. <br /> Non-Unifv�m Covenants. Borrower an�Lender covenan�and agree as fo��ows: <br /> ��. Accelerativn; R�:med�es. Lender shal� gi�ve notice to Barrower pr�or�o acce�erati�n f�llowing <br /> Borrower's breach of any covenan�ar agr�ement in thi�Secur��y In��runr�ent �but nat pr�ar�o <br /> ac�e�eration.under Section 18 un�e�s Appl�cab�e Law pra��des o�herwise}. The n�t�ce sha��spec�fy: �a} <br /> the defau�t; 4�} t�e a�t��n requ�red to cure�he defautt; �c} a date, not less than 30 day�fron�the da�e <br /> th�no��ce�s given ta Barrawer, by wh�ch�he defaul�must be cured; and 4d� that fai�ure t��ure the <br /> c�efault on or before the da��sp�cif�ed�n�he na��ce may result in acceleratinn vf the sum�secured by <br /> this S�cur�ty Instrument and sal�of the I'raper�y. The notice shall fur�her infarm Borrower of th� <br /> ri�ght�a re�nsta�e af�er acce�erat�on and the r�g�.�to bring a court ac�ian to assert the non-�existence of a <br /> d�fau��ar an�other defense of Borrawer to acce�erat�on and sale. If�he defauit�s not cured on vr <br /> bef�re�he date spec�fied�n the natice, Lender at i�s opt�on may requ�re immedia�e payment in fu���f <br /> a��sums s��ured by this Security Instrum�n� wi�hou� further demand and may in�voke�he pa►wer of sa�e <br /> and any other remed�es permi��ed by App���abl�Law. Lender sha�l be en��t�ed to col�ect a��expenses <br /> incurred�n pursuing the remedie�pra��ded�n�hxs Section Z�, including, �u�not�im��ed�o, reasonabie <br /> attorneys' fees and cas�s of��tle e�idence. <br /> If the pawer of sa�e�s in�oked, Trus�ee shall record a no�ice�f defau���n each coun�y in which any <br /> part of�he Froperty is�oca�ed and shail mail�op�es of such no��ce�n the manner prescribed�y <br /> Applicab�e Lavv to Borrawer and to the o�her persons prescr�bed by App��cab�e Law. After�he t�me <br /> required by App��cable Lar�v, Trustee sha��g��e pub�ic notice of sa�e to�he persons and�n the manner <br /> pr�scribed by App��Cable Lavv. Trustee, wi�hvut demand on Barrvw�r, shall sel�the Proper�y at pub��c <br /> auction�o�he h�ghes�bidder a��he time and place and under�he terms designated in�he notice of sal� <br /> in one�r mare parce�s and in an�arder Trustee determines. TruSte�may postpone sal�of all or any <br /> parce�of�he Property b� pu�l�c announcemen� at the�ime and p�ace�f any pre�ious�y scheduled sa�e. <br /> Lender ar��s designee ma� purchase�he Proper�y at any�a�e. <br /> Upon receipt af payment�f�he price��d, Trustee shal�d�li�ver to the purchaser Trus�ee's deed <br /> conveying�he Prvperty. The recitals in the Trus�ee`s deed sha�l be pr�ma facze ev�dence oF the tru�h of <br /> the s�a�emen��made there�n. Trustee sha��apply the proceeds of�he sa�e�n�he following order: �a} to <br /> a��costs and expen5e�of exercising the power of�ale, and the sale, inc�ud�ng the paym.en�of the <br /> Trus�ee's fe�s actua��y incurred and reas�nab�e attorneys' Fees as perm��ted by App�icable Law; �b3 �o <br /> al�5ums secur�d by�h�s Securi�y Instrument; and �c} any excess to the persan or persons�egaliy <br /> ex�ti��ed�o i�. <br /> N�BRA5ICA-Single�amily-Fannie Mael�reddie Mac 11NIFDRM INSTRUM�NT �arm 3D28 11�1 <br /> VMP Q VMPfitN��{�3D2] <br /> Walters Kluwer�inancial 5er�ices Page�4�f 7 7 <br />
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