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200112568 <br />by any governmental or regulatory authority, or any private party, that any removal or other reawdiation <br />of ally Hvardous Substance affecting thu Property is necessary, Rorrower shall promptly take all necessary <br />remedial actions in accordurce with 13nvironmental Law. Nothing herein shall create any obligation on <br />Lender fur an Environmental Cleanup. <br />NON - UNIT -'ORM COVENANTS. Borrower and Lender furl.her covenant and agree ac follows: <br />22. Acceleration; Rcutcdies. Lender shall give notice to Borrower prior to acceleration following <br />Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to <br />acceleration tinder Section IS unless Applicable 1,aw 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 dato specified in the notice may result in acceleration of the sums secured by <br />this Security Instrument and sale of the Property, 'rhe notice shall further inform Borrower or the <br />right to reinstate after acceleration and the right to bring a court action to assert the non - existence of <br />a default or any other defense of Borrower to acceleration and sale. If the default is not cured on or <br />before the date specified in the notice, Lender at its option may require immediate payment in full of <br />all stuns 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 all <br />expenses incurred in pursuing the remedies provided in this Section 22, including, but not limited to, <br />reasonable attorneys' feces and costs of title evidence. <br />If the power of sale Is invoked, Trustee shall record a notice of default in each courtly 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 tints <br />required by Applicable Law, Trustee shalt give public nnticc of sale to the persons and in the manner <br />prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell the Property at <br />public auction to the higllest bidder at the time and place and under the terms designated in the <br />notice of sale in one or more parcels and ut determines. �t� msre <br />of all or any parcel of the Property by p ublic announcement dpiu l anypvinusiy <br />xchedulcd sale. Lender or its designee may purchase the Property at any sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed <br />conveying the Property. The recitals in the 'T'rustee's deed shall be prima facie evidence of the truth <br />of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) <br />to all costa and expenses of exercising the power of sale, and the sale, including the payment of the <br />Trustee's fees iuctually incurred and reasonable attorneys' reLK as permitted by Applicable Law; (h) to <br />all stems secured by this Security Instrument; and (c) any excess, to the person or persons legally <br />entitled to it. <br />23. Reconveyanee. Upon payment of all sums secured by this Security lustrumcnL, Lender shall <br />request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes <br />evidencing debt secured by this Security Insiniment to Trustee. Trustee shalt reconvey the Property <br />Without warranty to the person or persons legally entitled to it. Stich person or persons shall pay any <br />recordation costs. lender utay charge such person or persons a fee for reconvuying the Property, but only <br />if the fee is paid to a third party (such as Elie Trustee) for services rendered and the charging of the fee is <br />permitted under Applicable Law. <br />24. Substitute Trustee. Lender, at its option, nuts from Eime to tins, remove Trustee and appoint a <br />successor trustee to awry Trustee appointed hereunder by au instrument recorded in the county in which this <br />Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to <br />all the title, power and duties conferred upon Trustee herein and by Applicable Law, <br />23. Request for Notices. Borrower requests that copies of the; notice of default and sale he sent to <br />Borrower's widress which is Elie Property Address. <br />�� osf 6GlNE) ioo <br />P,90 13 of 15 Form 3028 1101 <br />