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FROM AMERIQUEST (TR 9.13'01 9:43/ST, 9:2610,4862577705 P 25 200110049 by any goverrinvatal or regulatory authority, or any private party, that any removal or other rernediation of any Hazardous Substance affecting the Property is necessary. Borrower shall promptly take all necessary remedial action In accordance with Envirournental Law. Nothing herein shall create any obligation on Lender for an Environmental Cleanup. NON- UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 22. Acceleration; Remedies. Lenders all give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under Section 18 unlses Applicable Law provides otberwiee). The notice shall specify: (a) the default; (b) the action required to cum the default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums uxured by this Security Iustrurnent and sale of the ]Property. The notice shall further inform Borrower of the right to reinstate after acceleration and the riot to bring a court action to assert the nonexistence of a default or any other defence of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the uotice, Lender at its option may require immediate payment in full of all sums secured by this Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by Applicable Law. lender shall be entitled to tolled all expenses incurred in pursuing the remedies provided in this Section 22, including, but not Waited to, reasonable attorneys' fees and costa of title evidence. H the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the Property is located and shall mail copies of such notice in the manner prescribed by Applicable Law to Borrower and to the other persons prescribed by Applicable Law, After the time required by Applicable Law, Trustee shall give public notice of sale to the persons and In the manner prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell the Property 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 mare parcels and in any order Trustee determines. Trustee may postpone sale of all or any pared of the Property by public annomcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale, Upon receipt of payment of the price bid, Trustee shall dellver to the purchaser Trustee's deed conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses of exercising the power of sale, and the sale, including the payment or the Trustee's fees 8ctually incurred and reasonable attorneys' few as permitted by Applicable Law; (h) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to lt. 23. Reeonveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvcy the Property without warranty to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. Lender may charge such person or persons a fee for rexonveying the Property, but only if the fee is paid to a third party (such as the Trustee) for services rendered and the charging of the fee is permitted under Applicable Law. 24. Substitute Trustee. Leander, at its option, may from time to time remove Trustee and appoint a successor trustee to say Trustee appointed hemunder by an instnuneut recorded in the county in which this Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by Applicable Law, 25. Request for Notices. Borrower requests that copies of the notice of default and sale be sent to Borrower's address which is the Property Address. PtA 0031839798 (a K=s) ti,ls:� .6 {NE) K=s) Pegs 13 0113 iry Form 3028 1/01