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� KEVIN SCHULTE a7 V l O / v O`� 102723 07/30/1999
<br /> ' �18. Borrower's Right to Reinstate. Notwithstanding Lender's acceleration of the sums secured by diis Deed of
<br /> Trust, due to Borrower's breach, Borrower sl�all have tl�e right to have any proceedings begun by Lender to euforce this
<br /> Deed of Trust discontinued at any time prior to the earlier to occur of (i) the tiftl� day before the sale of the Property
<br /> pursuaut to the power of sale contained in this Deed of Trust or(ii)entry of a judgment enforcing this Deed of Trust if: (a)
<br /> Borrower pays Lender all sums which would be then due under this Deed of Trust and the Note had no acceleration
<br /> occurred; (b) Borrower cures all breaches of any other covenants or agreements of Borrower contained in this Deed of
<br /> Trust; (c) Borrower pays all reasonable expenses incurred by Lender and Trustee i�i enforcing the covenants and
<br /> a�reeme��ts of Borrower co�itained in this Deed of Trust and iu enforcing Lender's aud Trustee's remedies as provided in
<br /> para�raph 17 hereof, includiu�, but nut limited to, reasouable attorneys' fees; and (d) Borrower takes such action as
<br /> Leuder may reasouably require to assure that the lien of this Deed of Trust, Lender's interest in the Property and
<br /> Bc�rrc>wer's obligatiou to pay the sutns secured by tl�is Deed of Trust shall continue unimpaired. Upon such payment and
<br /> cure by Borrower, tl�is Deed of Trust and the obligations secured hereby shall remain in full foxce and effect as if no
<br /> acceleration had occurred.
<br /> 19. Assignment of Rents; Appointment of Receiver; Lender in Possession. As additional security hereuiider,
<br /> Borrower hereby assigns to Lender the rents of the Property, provided that Borrower shall, }�riar to acceleration uuder
<br /> paragraph 17 l�ereof or abandonment c>f the Property, have tl�e right to collect and retain such rents as they become due and
<br /> payable.
<br /> LJpou accel�ratic�n under para�raph 17 hereof or abaudomneut of the Pro�erty, Lender, in person, by ageiit c�r hy
<br /> judicially appointed receiver sl�all be entitled to enter upon, take possession of and manage the Property and to collect the
<br /> rents of the Property i�icluding those past due. All rents collected by Lender or the receiver sl�all be applied first to
<br /> payment of the costs of management of the Property and collection of rents, including, but not limited to, receiver's fees,
<br /> premiums ou receiver's bonds and reasonable attor�ieys' fees, and then to the sums secured by this Deed of Trust. Lender
<br /> and the receiver shall be liable to account oiily fc�r those rents actually received.
<br /> 20. Reconveyance. Upon payment of all sums secured by this Deed of Trust, Lender shall request Trustee to
<br /> reconvey tlie Property and shall surrender this Deed of Trust a�id all uotes evidenciug indebtedness secured by this Deed of
<br /> Trust to Trustee. Trustee shall reconvey tl�e Property witl�out warrauty and without charge to tl�e person or persous legally
<br /> entitled thereto. Such person or per�ons shall pay all costs of recordation, if any.
<br /> 21. Substitute Trustee. Lender, at Lender's aption, may from time to time remove Trustee aud appoitit a successor
<br /> trustee to any Trustee appoiuted l�ereunder by an i�istruuient recorded i�i tlie coutity in which tl�is Deed of Trust is
<br /> recorded. Without conveyance of tl�e Property, tl�e successor trustee shall succeed to all the title, power and duties
<br /> conferred upon the Trustee liereiu and by applicable law.
<br /> 22. Request for Notices. Borrower requests that copies of the notice of default and notice of sale be sent to
<br /> Borrower's address which is the Property Address.
<br /> 23. Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, nr release of any
<br /> Hazardous Substances on or iu the Property. Borrower shall not do, nor allow anyone else to do, anytbing affecting the
<br /> Property that is in violation of any Enviroumental Law. The preceding two sentences shall not apply to the presence, use,
<br /> or storage on the Property of sinall quantities of Hazardous Substances that are generally recognized to be appropriate to
<br /> uormal residential uses and to maintenance of the Property.
<br /> Borrower shall promptly give Lender written notice of auy in��estigation, claim, demand, lawsuit or other action by
<br /> any goverumental or regulatory a�ency c�r private party involviug the Property and any Hazardous Substance or
<br /> Environmental Law of which Borrower has actual laiowledge. If Borrower learns, or is uotitied by avy goverinnental or
<br /> regulatory authority, that any removal or other remediation of any Hazardous Substance affecting the Property is
<br /> necessary, Borrower shall promptly take all necessary remedial actions in accordance with Enviromnental Law.
<br /> As used in tliis paragraph 23, "Hazardous Substances" are those substances detined as toxic or hazardous substances
<br /> by Euviromnental Law and the following substances: gasoline, kerosene, other tlaiYnnable or toxic petroleum products,
<br /> toxic pesticides and l�erbicides, volatile solveuts, materials containing asbestos or formaldehyde, and radioactive materials.
<br /> As used in this paragraph 23, "Etrvironmental Law" meaus federal laws and laws of the jurisdiction where the Properry is
<br /> located tl�at relate to health, safety ar enviroimiental protection.
<br /> (Intentionally Left Blank)
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