Laserfiche WebLink
200303321 <br />by any governmental or regulatory authority, or any private party, that my removal or other remediation <br />of any Hazardous Substance affecting the Properly is necessary, Borrower shall promptly take all necessary <br />remedial actions in accordance with Environmental Law. Nolhing herein shall creole any obligation on <br />Lender fur an Environmental Cleanup. <br />NON - UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: <br />22. Acceleration; Remelies. Lender shall give notice to Borrower prior to acceleration following <br />Bmeawer'.s breach of any covenant or agreement in this Security Instrument (but 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 erred; and (d) that failure to care 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 sale 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 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 fall of <br />all sums secured by this Security Instrument without further demand and may invoke the power of <br />sale mid any other remedies Permitted by Applicable Law. Lender shall be entitled to collet all <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 sate 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 highest bidder at the time and place and under the terms designated in the <br />notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale <br />of all or any parcel of the Property by public announcement at the time and place of any previously <br />.scheduled sale. Leader or its designee may purchase the Properly 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 Trustee'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 costs and expenses of exercising Oae power of sale, and the sale, including the payment of the <br />Trustee's fees actually incurred and reasonable atb rneys' fees as permitted by Applicable taw; (b) to <br />all .sums secured by this Security instrument; acrd (c) any excess to the person or persons legally <br />entitled to it. <br />23. Reconveyame. Upon payment of all sums secured by this Security Instrument, Lender shall <br />request Trustee to reconvey the Property mid shall surrender this Security Instrument and all notes <br />evidencing debt sccured by this Security Ltstmment to 'trustee_ Trustee shall econvey the Property <br />without warranty to the person or persons legally enlillui to it. Such person or persons shall pay any <br />recordation casts. Lender may charge such person or persons a On for reconveying the Property, but only <br />if the fee is paid to a third party (such as the Trustee) for services rendered and the charging of the fee is <br />permitted under Applicable law. <br />24. Sabstit.b, Trustee. Lender, A its option, may from time to one remove Trustee mid appoint a <br />successor trustee to any Trustee appointed hereunder by an 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 unit duties conferred upon Trustee herein and by Applicable Law. <br />25. Request for Notices. Borrower requests that copies of dre notice of default and sale be sent to <br />Borrower's address dvhich is the Property Address. <br />'III✓ -61NE1 .uuum Form 3028 ilai <br />