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200306402
<br />response action, remedial action, or removal action, as defined in Environmental Law; mid (d) an Environmental Condition
<br />means a condition that can cause, contribute to, or otherwise trigger an Environmental Cleanup.
<br />Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances, or
<br />threaten to release any Hazardous Substances, on or in the Property. Borrower shall not do, nor allow anyone else to do,
<br />anything affecting the Property (a) that is in violation of any Environmental Law, (b) which creates an Environmental
<br />Condition, or (c) which, due to the presence, use, or release of a Hazardous Substance, creates a condition that adversely
<br />affects the value of the Property. The preceding two sentences shall not apply to the presence, use, or storage on the Property
<br />of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to
<br />maintenance of the Property (including, but not limited to, hazardous substances in consumer products).
<br />Borrower shall promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit or other action by
<br />any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or
<br />Environmental Law of which Borrower has actual knowledge, (b) any Environmental Condition, including but not limited to,
<br />any spilling, leaking, discharge, release or threat of release of any Hazardous Substance, and (c) any condition caused by the
<br />presence, use or release of a Hazardous Substance which adversely affects the value of the Property. If Borrower (cams, or is
<br />notified by any governmental or regulatory authority, or any private party, that any removal or other remediation of any
<br />Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in
<br />accordance with Environmental Law. Nothing herein shall create any obligation on Lender for an Environmental Cleanup.
<br />NON - UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />22.Accele ation; Remedtes.Lender shall give notice to Borrower prior to acceleration following Borrowers
<br />breach of any covenant or agreement in this Security Instrument (but not prior to acceleration tinder Section 18
<br />unless Applicable Law provides otherwise). The notice shall specify: (a) the default (b) the action required to cure the
<br />default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be
<br />cured; and (d) that failure in cure the default on or before the date specified in the notice may result in acceleration of
<br />the sums secured by this Security Instrument and sale of the Property. The notice shall further Inform Borrower of
<br />the right in reinstate after acceleration and the right to bring a court action to gased the non-existence of a default or
<br />any other defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the
<br />notice, Lender at its option may require immediate payment in full of all sums secured by this Security tournament
<br />without further demand and may invoke the power of sale and any other remedies permitted by Applicable taw.
<br />Lender shall he entitled to collect all expenses incurred in pursuing the remedies provided in this Section 22,
<br />including, but not limited m, reasonable attorneys fees and costs of tide evidence.
<br />If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the
<br />Property is located and shall mail copies of such notice in the manner prescribed by Applicable law to Borrower and
<br />to the other persons prescribed by Applicable Law. After the time required by Applicable taw, Trustee shall give
<br />public notice of sale to the persons and in the manner prescribed by Applicable Law. Trustee, without demand on
<br />Borrower, shall sell the Property at public auction in the highest bidder at the time and place and under the terms
<br />designated in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone
<br />sale of all or any parcel of the Property by public announcement at the time and place of any previously scheduled
<br />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 Trustees deed conveying the
<br />Property. The recitals in the Trustees deed shall he prima facie evidence of the truth of the statements made therein.
<br />Trainee shall apply the pmcecds of the sale in the following order. (a) to all costs and expenses of exercising the power
<br />of sale, and the sale, including the payment of the Trustees fees actually incurred and reasonable attorneys fees as
<br />permitted by Applicable Law; (b) to all stuns secured by this Security Instrument; and (c) any excess to the person or
<br />persons legally entitled in it
<br />23. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to
<br />reoonvey the Property and shall surrender this Security histrement and all notes evidencing debt secured by this Security
<br />Instrument to 'trustee. Trustee shall reconvey the Property without warranty to the person or persons legally entitled to it.
<br />Such person or persons shall pay any recordation costs. Lender may charge such person or persons a fee for reconveying the
<br />Property, but only if the fee is paid to a third party (such as the Inistee) for services rendered and the charging of the fee is
<br />permitted under Applicable Law.
<br />24.Substimte Ttostee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to
<br />any Trustee appointed hereunder by an instrument recorded In the county in which this Security Instrument is recorded.
<br />NEEWASRA Single family Fannie Mar/trcddie Non UNIFORM 1NSTRUVIFiNT Fong 3028 lint
<br />GPFARANa
<br />ITEM 1915L10(0011) (Page hoer I I gages) Tnordareall I80053Op 93Fac 516 4 91 -1131
<br />11.1,1 MMpape PaRM/ayhl0mabtl AbggBy¢ ra'hrroHMi
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