200205897 - Laserfiche WebLink

Browse

200205897 by any governmental or regulatory authority, or any pirate party, ilia[ any cnnrovtd or ultnr romedlarimt of any Miltrdotu Substance affttring the Properly is necessary, Borrower shall promptly take all necessary remedial actions in accordance will, Environmental Law. Noshing hurelu shall create any obligation on I. coder for an Environmental Cleanup, NON - UNIFORM COVENANT'S. Borrower and Lender 7urthcr covenant and agree as follows. 22. Acceleration; Remedies. Lender shall give notice to Forrm er prior in acceleration following Borrower's breach of any covenant or agreement in this Security Insrument (but not prior to acceleration under Section 18 unless Applicable Law provides otherwise). Thu notice shall specify: (a) the default; (b) the action required to cure the default; (c) a dale, 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 on or before the date specified in the notice may result in acceleration of the sung secured by this Security Instrument and sale of the Properly. The notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non - existence of a del'aidt or any other defeiue of Borrower to acceleration and safe. If the defmdt is not cure(] tin or before the date specified in the notice, Lender at its )print, may require immediate payment in full of all sums secured by this Security Instrument without further dcmrurd and may invoke the power of sale and any other remedies permilted by Applicable Low. Lender shall be entitled to collect all expenses incurred in pursuing the remedies prosidcd in this Section 22, incltding, but not limited to, reasonable attorney.' feel and costs of title evidence. if the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the Properly is located and shall mail copies of such notice in the manner prescribed by Applicable Law to Borrower and to the other persons pfcseribed by Applicable Law. After the time required by .1pl licab)e Law, Trustee doll give public notice of sole, to the persons and in the manner prescribed by Applicable Law. Tooter. without demand on Ilo'rower, still]] sell the Property at public auction [o the highest bidder at [he time unit place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee determines. Truxtue may postpone sale of all or any parcel of the Property by public announcement at the time and place of an)' previously schMuled sale. lender or its designee may purchase the Properly at an' sale. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trusice's decd conveying the Property. 'fhe recitals in the Trusts s decd shall be prima facie evidence or the truth Of the statements made therein. 'Pfa+tm shall apply the prucceds of tiro sale in the following order; (a) to all Lists and expenses of exercising the power of sale, and the sale, including the payment of the Trus'tee's fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to nil sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to its 23. Rucuuverance. Upon payment of all scuts secured by this Security Instrument, Lender shall request Trustee in reconvey ttte property and shall surrender this Security instrument and all notes evidencing debt cocumd by this Security Instrument to Truster:. Trusts shall rrcrmvey the property without warranty to life person or persons legally entitled to it. Such person or persons shall pay any recordation costs- Cinder may charge such person or persons a fee for reconveying the Property, but only if the fec is paid tin a third party (such as [he Trustee) fnr services rendered and the charging of the fee is permitted under Applicable Law, 24. Substitute Trustee. Lender, at its option, may from lime to time remove Trustee aced appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is retarded. Without conveyance of the Property. The successor trustee shall succeed to all the title, power and duties court rbd upon Trustee hcrcin rued by Applicable Law. 25. Request [or Notices. Borrower requests that copies of the notice of dcfautt and sale be sent to Bnrrowcr•s address which is the Property Address. woi3 ors Form 3028 Val - 6GIRE1 �oai �t:.l El/ I 'a, HFE KHD 'ON PA DdN DOH OOV6 S11HM Wd EG :11 INd ZOOZ- IE -AvW