200205763 - Laserfiche WebLink

Browse

200205763 by any governmental or regulatory mnhorily, or any private parry, that any removal or other remceliation many Hazardous Substance affecting the Propeng is nccessary, Borrower shall promptly take all necessary remedial actions in ace ordunce with Em lronmental Law. Nothing herein shall create any obligation on Lender for an Environmental Cleamtp_ NON - UNIFORM COVENANT'S. Borrower and Lcndcr IurWer covenant and agree as follows: 22. Acceleration; Remedies. Leader shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreruncat in this Security Instrument (but not prior to acceleration under Section 18 unless Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the default; (e) a date, not less than 30 days from the date the notice is given to Borrower, by which the default most be cured; and (d) that failure to cure the default an or before the date specified in the notice nray 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 after acceleration and the right to bring it court action to assert the non - existence of a default or anv other defense of Borrower to ncccicration and sale. If the default is not cured on or before the date specified in the notice. Lender at its option may require in inediate payment in full of all sums secured by this Security lastrumart without further demand and may invoke the power of sale and any other 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 attorneys' fees and costs of tit le evidcuu. If the power of sale is invoked, '11 ntster shall record it notice of default in each county in which any part of the Property 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 Low. 'trustee Shull gh t' public notice 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 the highest bidder at dm time and place and under the terms designated in the notice of sale in one or more pill eels and in anv order 'Trustee determines. 'Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Lender or its designer miry purchase tine IN at any sale. Upon receipt of payment of the price hid. Truster shall deliver to the purchaser Trustee's deed conveying the Property. The recitals in the 'I'rnstee's deed shall be price. facie evidence of the truth of the statements made therein. Trustec shall apply the proceeds of the sale in the following order: (a) to all costs and expenses of exelvisfic, the power of sale, and the sale, including the payment of the Trustee's fees actually incur rnl and rusonable attorneys' fees as permitted by Applicable Law; (b) to all sums secured by this Svcuritp htsk uncut; and (c) any excess to the person or persons legally entitled to it. 23. Reconveyauce. Upon payunm.l of all sums sumrcd by [his Security Instrument, Lender shall request 'trustee to reconvey the Properly and shall surrender this Security Instrument and all notes evidencing debt secured by this .Sccurl:c lusuument to Trustee. Trustee shalt reconvey tiro Property without warranly nr the person or persons legally entitled w it. Such person or persons shall pay any recordation costs_ Lender may charge such person or persons a tee for recunveving the Property, but only it the Ice is paid to a third parry (suds n the Tnisicc) far services rendered and the charging of fee is permitted under Applicable Law. 24. Substitute Trustee. Lcndcr, :u i:s upllon, may h'om time to time ternuve Trustee and appoint a successor trustee to any'I'mslec ippuime- hrrc cder by an instrument recorded in the county in which this Security Instmment is recorded. Wilhow cunvcvance of the Property, the successor trustee shall succeed to all the title, power and duties coticraud upon Tmstee herein and by Applicable Law. 25. Request for Notices. Bmrotcer rcqucas that copies of the notice of default and sale be sent to Borrower's address which is the Properp Wdress. -6A(NE) mourn „evens ��f/ Form 3028 1/01