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200205745
<br />Bnrrowcr shall not cause or permit the presence, use, disposal, storage, or release many 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 my 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 We Property. The preceding two sentences shall not apply to the presence, use, or star age on me Property
<br />of small quantities of Hazardous Substances that are gener ally ecognized to be appropriate to normal residential uses and to
<br />maintenance ,I the Property (including, but not limited to, hazardous substances in consumer products).
<br />Borrower shall promptly give Icnder written notice of (a) any investigation, claim, demand, lawsuit or other action
<br />by 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 inoted to,
<br />any spilling, leaking, discharge, release or threat of release of any Iazardous Substance, and (c) any condition caused by the
<br />presence, use or release of a Hazardous Substance which adversely affects the value at the Property. If Beer ower leams, or is
<br />notified by any governmental or regulatory authority, or any private party, that any removal or other iemediation of any
<br />Hazardous Substance affecting the Property Is noc ssary, Borrower shall promptly take all necessary remedial actions in
<br />accordance with Environmental Law. Nothing herein shall create ar- obligation on Gender for an Environmental Cleanup.
<br />NON- UNII ;ORM COVENANTS. Borrower card Lender further covenant and agree as follows:
<br />22. Acceleration; Remedies. Lender shall give notice to Burrower prior to acceleration following
<br />Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under
<br />Section IB unless Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) the action
<br />required to cure the default; TO a date, not less than 30 days from the date the notice is given to Borrower, by which
<br />the default must be cured; and (d) that failure to cure the default on or before the date specified in file notice may
<br />result in acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall
<br />further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the
<br />non- existence of 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 full of all sums
<br />secured by this Security Instrument without further demand and may invoke the power of sale and any other
<br />remedies permitted by Applicable Law. Lender shall be entitled to collect all expenses incurred in pursuing the
<br />remedies provided in this Section 22, including, but not limited to, reasonable attorneys' fees and costs of title
<br />evidence.
<br />If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of
<br />the Property is located and shall mail copies of such notice in the manner prescribed by Applicable Lawto Borrower
<br />and [o rile other persons prescribed by Applicable law. After the lime required by Applicable Law, Trustee shall
<br />give public notice of.sale to the persons and m the manner prescribed by Applicable Law. Trustee, without demand
<br />on Borrower, shall sell the Property at public auction to the highest bidder at file little and place and under the
<br />terms designated in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may
<br />postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously
<br />scheduled sale. lender or its designee may purchase the Property at any sale.
<br />Upon receipt of payment of the price hid, Trustee shall deliver to the purchaser Trustee's deed conveying
<br />the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made
<br />therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses of exercising
<br />the power of sale, and the sale, including the payment of the Trustee's fees actually incurred and reasonable
<br />attorneys' fees as permitted by Applicable Law; @) to all sums secured by this Security Instrument; and (c) any
<br />excess to the person or persons legally entitled to it.
<br />23. Reconveyanee. Upon payment of all sums secured by this Security instrument, I coder shall n:qucsTruste: to
<br />re - convey the Property and shall surrender this Security Inst unrent and all notes evidencing debt secured by this Security
<br />Instrument to Trustee. Ti stee shall reconvey the Property without warranty to the person or persons legally e rfidcd to it.
<br />Such person or persons shall pay any recordation costs. Lender may charge such person m persons a feefbr reconveying the
<br />Property, bueonly if the fee is paid to a third parry (such as the trustee) for services rendered and the charging ofthc fee is
<br />permitted under Applicable lure.
<br />24. Substitute Tmstee. Lender, at its option, may from time to time remove'1'rustee and appoint a successor
<br />trustee to any'frustee appointed hereunder by an inchumcnt recorded in the county in which this Security Instrument is
<br />recorded. Without conveyance of the Property, the successor trustee shall succeed toall the title, power and duties conferred
<br />upon Trustee herein and by Applicable Taw.
<br />25. Request for Notices. Borrower requests that copies of the notice otdetault and sale be sent to Borrower's
<br />address which is the Property Address,
<br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security
<br />Instrument and in any Rider executed by Borrower and recorded with it.
<br />Witnesses
<br />Borrower Dardicl Lathrop
<br />_ 1
<br />(Seal)
<br />Bonower Yistinab ta[hrol �^��Ji
<br />(Seal)
<br />Bonower
<br />(Seal)
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<br />9951 le II/rl (IiilNs
<br />GOTOM022183)
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