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MAR -14 -2003 FRI 0150 PM WELLS FARGO HOME MTG FAX NO. 4025362983 P. 22 200303116 by any government d or regulatory authority, or any private party, that any removal or other remediatio , 01 any Hazardous S'tbstance affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law, Nothing herein shall create any obligation on Leader for an Envlrmmcntal Cleanup. NON- UNIFOI:M COVENANTS. Borrower and Lender further covenant and agree a9 follows; '22. Accelerad m; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement in this Security instrtment (but not prior to acceleration under Section IS unless Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) the action required to ewe the default; (c) a date, not leas than 30 days from the date the notice is given o Borrower, by which the default most be cured; and (d) that failure to can the default em or befor: the date specified in the notice may resold in acceleration of the strms secured by this Security Instri mca t and sale of the Property. The notice shall further inform Borrower of the right to reinstate ai ter acceleration and the right to bring a court action to assert the rum dstence of a default or any other defense of Borrower to acceleration and sale. If the default is not cured on or before the date spa ihed in the notice, Lender at its option may require immediate payment in full of all sums secured b) 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 colleu all expenses incurred in pursuing the remedies provided in this Section 22, including, but not limited to, reasonable attorney;' fees and costs of title evidence. If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the Pro serty 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 nonce 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 rte highest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and plat, 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 deliver to the purchaser Trustee's deed conveying the Property. The recitals in the Trustee's deed shall be prim 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 exptses of ecerasing the power of sale, and the sale, including the payment of the Trustee's fees actuall y incurred and reasonable attorneys' fees 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 it. 23. Reconveymeg. 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 seen ad by this Security Instrument to Trustee_ Trustee shalt reconvey 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 reconveying the Property, but only if the fee is paid to a hird party (such as the Trustee) for services tendered and the charging of the fee is permitted under Applicable Law_ 24. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to an e Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without canveyanrz 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. k: �alnEi mooaT >me is n,a Form 2029 1 /01