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Jun -30 -00 13:15 From- <br />T -601 P 23 F -139 <br />by any govetnmenwl or regulatory authority, or any private party, that any removal air other remediation of' <br />any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take till necessary <br />remedial action:l in accordance with Environmental Law. Notting herein shall create tiny obligation on <br />Under for an Envinnunental Cleaariup. <br />NON - UNIFORM COVENANTS. Borrower and lender further covenant and agree as follows: <br />22. Acceleration; Remedies. Lender shall give notice to iorrower prior to acceleration following <br />Borrower's breach of any covenant or agreement in this Security instrument (hut not prior to <br />acceleration under Section 18 unless Applicable Law provides otherwise). The notice shall -specify: (a) <br />the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the date <br />the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the <br />default on or before the date specified in the notice may result in acceleration of the sums secured by <br />this Security Instrument and sate of the Property. The notice shall further inform Borrower of the <br />right to reinstate after acceleration and the right to bring a court action to assert the non - existence or sr <br />default or any other defense or Borrower to acceleration and sale. If the default is not cured on or <br />before the (lute specified in the notice, Lender at its option may require immediate payment in tall of <br />all sums secured by this Security Instrument without further demand and may invoke the power of <br />sale and any other remedies permitted by Applicable Law. Lender shall be entitled to collect till <br />expenses incurred in pursuing the remedies provided in this Section 22, including, but not limited to, <br />reasonable attorneys' fees and costs of title evidence. <br />If the power of sale is invoked, Trustee shall record a notice of default in each county in which <br />any part of the Property is located and shall mail copies of such notice in the manner prescribed by <br />Applicable Law to Borrower and to the other persons prescribed by Applicable Law. After the time <br />required by Applicable Law, Trustee shall give public notice of sale to the persons and in the manner <br />prescribed by Applicable Law. Trustee, without demand on Burrower, shall sell.the Properly at public <br />auction to the highest bidder at the time and place and under the terms designated in the notice or sale <br />in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any <br />parcel of the Property by public announcement tit the time and place of any previously scheduled sale. <br />Lender or its designee may purchnse the Property at any sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser 't'rustee's deed <br />conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence or the truth of <br />the statements m;ide therein. Trustee shall apply the proceeds or the sale in the following order: (al to <br />all costs and expenses of exercising the power of sale, and the sale, including the payment of lire <br />Trustee's fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to <br />all sums secured by this Security Instrument; and (c) any excess to the person or persons leg,013 <br />entitled to it. <br />23. Reconveyance. Upon payment of Al SumS secured by this Security instrument, Lender shall request <br />Trustee w rcconvcy the Property and shall surrender this Security Instrument and all notes evidencing debt <br />secured by this Security Instrument to Trustee. Trustee shall reconvey the Properly without warrwity to the <br />person or persons legally entitled ter it. Such person or persons shall pay any recordation costs. Lender tatty <br />charge such person or persons a fee for reconveying the Property, but only if the fee is paid 10 a bird party <br />(such as the Trust(!.!) for services rendered and die charging of the fee is permitted under Applicable Law. <br />24. Substitute Trustee. Lender, at it option, may from time to time remove Trustee and appoint a <br />successor uusl.ee air any Trustee appointed hereunder by ari instrument recorded in the county in which this <br />Security instrument is recorded. Widiout conveyance of the Property, die Successor trustee shall succeed to all <br />the bats, power and duties canfarred upon Trustee herein acid by Applicable Law. <br />25. Request for Notices. Borrower request.; dint copies of die notice W default and site be sent to <br />Borrower's addreN3 which is tie Property Address. <br />7200303 -00 <br />,nluals;` <br />M43AME) ;aonl >1.02 Pape 13 of 16 pair 3028 3i89 <br />