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200305727 by any governmenul or r,:wdutory authority, or any private party, that any removal or other remedimion of any HOZ1rAOt5 Substance OHecting the Property is necessary, Borrower shall promptly take all necessary remedial actiuus in nccordancc with Environmental I,nw_ Nothing herein shall create may Obligation on Lender for an Fnvimnntcntal Cleanup. NON - UNI1 -01dM IOVLNANIS. Rornnvcr and Lender further covenant and agree as follows: 22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of amy covenant or agreement in this Security Instrument (but nut prior to acceleration under Section IS unless Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) (lot action acquired to cure 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 an or before the date specified in the notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to reinstate alter acceleration and the right to bring it court action to assert the nun - existence of a default of try other defense of Borrower In acceleration and sale. If the default is not cured on or before the dale specified in (lie notice, Lender at its option may require immediate payment in full of all suns secured by Ibis Security Instrument without further demand and may invoke the power of sale and am ofbcr remedies permitted by Applicable Law. Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this Section 22, including, but not limited to, reasonable auornevs' I've, and costs of title evidence. If IIte power of sale is in, oked, Trustee shall record a notice of default in each county in which anv par( of the Property is located and Min 11 mail copies of such notice in the manner prescribed by Applica hie Lao In Burrow v. aitd to the other persons prescribed by Applicable Law. After the time required by .applicable Law, Trustee shall girt public notice of sale to the persons and in the manner prescribed by Applicable Loo. 'Trustee, without demand on Borrower, shall sell the Property at public auction In the 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 (he Property by public nnnomcement at the time and place of any previously schcalnled sale. Lr:dcr or its designee may purchase the Property at any sale. Upon receipt ul payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Properly. 'Ilhe recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made thcrcin. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs :nod expenses of esercising the power of sale, and the sale, including the payment of the Trustee's fees octoo ly innrrred and reasonable attorneys' fees as permitted by Applicable Law; (b) to sll smns secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 23. 11ccomcyance. Upon payment of all sums xveUrud by this Security Instrument, Lender shall request Truxiac m ru.o ocp the Property and shall surrender this Security Instrument and all notes evidenciep dab( Socurcrl be his Security houLntent to Trastce. Trustee shall reconvey the Property without acnrranty to the pca,m or persons legally entitled to it. Such person or persons shall pay any recurdati on costs. Lender nun churne such person or persons a fee for reconvey ing the Property, but only if the tee is paid to a third puny (such US the Trustee) for services rendered and the charging of the fee is permitted under Applicable Lmv_ 24. Substitute Trmtcc. I,endcL it its option, nay from time to time remove Trustee and appoint a successor tri :cc to any I UltCC appointed hereunder by an instrument recorded in the county in which this Security Insrumem is ..corded_ Without conveyance of the Property, the successor trustee shall succeed to all the title, poorer and Attics mnlerred upon 'I 'r ustee herein and by Applicable Law. 25. Bequest nor Nona,. Bon over requests that copies of the notice of default and sale be sent to Borrower's address "Inch is the Property Add¢ss. 03- 02- 000094 mica,: -6 AIN E) ce: '.0 n=ee t o a 15 Form 3026 1101