201607892 - Laserfiche WebLink

Browse

2� 1 ��7892 sma�l quantities�f Hazardous Substa.nces that are generally recagn�zed to be appropriate to norma� residential us�s and to maintenance�f the Property(including,but�ot limited to, hazardous substa.nces in consumer products}. Barrower shall prompt��gi�e Lender written notice of(a�any investigation,claim,demand, lawsuit ar other actian by any go�ernmental or regulatory agency or private party in�olving the Property and any Hazardous Substance or En�ironmental Lavv of wh�ch Borro�ver ha�actual kn�wledge, (b)any Environmentat�ondi�ian, including but not limited to,any spittiag, l�aking,discharge,release or threat of release of any Hazardous Substance,and(�}any condition caus�d by�he presen.Ge,us�or release of a Hazardous Substance which adv�rsely affects th�value of the Prvperty.If�orrower learns,or is notified by any governmenta��r regulatory authority,ar any pr�vate party,that any r�mo�a1 or ather remediat�on of any Hazardous Substance affect�ng the Froperty is necessaryA Borrower shall prompt�y take a11 necessary remedial actions in a�cordance with Environmenta.l Law.Nathing herein shall create any obligation on Lender for an Environmental C�eanup. N�N-UN�F�RM C�VENAIVTS.Borro�ver and Lender further covenant and agree as follows: 22. Acceleration;Remedies.Lender shall give na��e to Borrvwer prior t�acceleration fallowing Bvrr�wer's breach�f any covenant or agreement in this Security Instrument(but nat prior to ac�eleration under Sec�ian 17 un�ess Applicable Law pro�ides otherwise}.The nvtice shall specify: �a}the default; �b3 the action required to cure the default; �c}a date,not less than 3Q days fram the date the notice is gi�en to B�rrvwer,by wh�ch the default must be cured; and�d}that failure to cure the defau�t on or before the date specified in the nv�ice may result in a�celerat��n of the sums secured by this Security Instrument and sale af the Praperty.The notice shall further inf�rm Borr�wer of the right to reinstate after accelerati�n and the right to br�ng a court action tv assert the non-exi�tence vf a default or any other defense of Borrawer to acceleration and sale.If the default is not cured on ar before the date specified in the notice,Lender at its optian may require immed�ate payrnent in full Qf all sums secured b�this Security Instrument without furthe�demand and may�nv�ke the p�wer vf sale and any ather remedies permitted by Applicable Law.Lender shall b�entitle�i tv collect all exp�nses in�urred in pursuing the remedies prav�ded in this Section 22,including,but nat limited�o,reasonab�e att�rneys'fees and costs of title evidence. If the power af s�le is in��ked,Trustee shal�record a ntitice af default in each county in whi�h any part of the Property is l�ca�ed and shall mail copies of su�h notice rn the mann�r pres�ribed by Appli�able Law to B�rrower and to th�other persons pr�scribed by Applicable Law.After the time required by Applicab�e Law,Trustee shall give pubiic noti�e of sal�t�the persvns and in the manner prescribed by App��able Law.Trustee,without demand an Barrvwer,shall se�l the Praperty at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and in an�order Trustee determines.Trustee may past�aane sale af all or any parcei a�the�roperty by public announcement at#he#ir�e and pla�e of any pre�iously scheduled sale.Lender Qr its designee m�y purchase the Property at any sale. FHA Deed af Trust With MERS-NE 3f3ti12444 Bankers 5ystemsTN+ VMP� VMP4N[NE}[fS�B).4� Wolters Kluwer Finan�ial 5er�ices Page 14 of 17 q433512948G5 �233 443 1417