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200206065 by any governmental or regulatory authority, or any private party, that any removal or other remediaHOn of any Haurdous Sentence affecting the Property is necessary, Narrower shall promptly take all necessary remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation on Lender for an Environmental Cleanup. NONUNIFORM COVENANTS. Borrower and Lender further covenant and agree m follows: 22. Acceleration; Remedies. Leader shall give notice to Burrower prior to acceleration following Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under Section IS unless Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the dale 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 dale specified in the notice may result in acceleration of the sums secured by this Security Instrumeal and sale of the Property. 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 default or any other defense of Borrower to acceleration and sale. If the default is net cured on or before the date specified in the notice. Lender at its option may require immediate payment in full of ell cams secured by this Security Inclrumml without further demand and may invoke the power of sale and any other remedies permitted by Applicable Law. Lmdu shall be entitled to wiled all expenses incurred in pursuing the remedies provided in this Section 22, including, but not limited to, reasonable attorneys' fees and costs of title evidence. If the power of sale is invoked. Truslce 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 presuribcd by Applicable Law to Borrower and to the other persons prescribed by Applicable Law. After the time required by Applicable Law, Trustee shall give public notice of sale to the persms and in the manner prescribed by Applicable Law. Trustee, without demand on Burrower, shell sell the Property at public auction to 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 dctermhnsa. Trustee may postpone sale of all on any parcel of the Properly by public announcement at the time and place of any previously scheduled sale. Leader or its dcstgnee may purchase the Property at any sale. Upon receipt of payment of the prim hid, Trustee shall deliver to the purchaser Trustee's deed conveying the Properly. The recitals in the Treace's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the following order; (a) to all costs and expenses of exercising the power of sale, and the sale, including the payment of the Trustee' a fees actually incurred and reasonable attorneys' fees as permitted by Applicable I,aw; (h) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 23. Reconveyance. Upon payment of all sums secured by this Security Instrument. Lender shall request Trustee to rewnvey the Property and shall surrender this Security instrument and all notes evidencing debt secured by this Security Instrument to Truster. Trustee shall reconvey the Property without warranty to the person or persons legally enthled to 0. Such person or persons shall pay any rerordmlan costs. Lender may charge such person or persons a fee for reconveying the Property, but only if the fee is paid to a third party (such u the Trustee) for services rendered and the charging of the fee is permitted under Applicable Law. 24. Substitute Trustee. Leader, at its option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by Applicable taw. 25. Request for Notices. Borrower requests that copies of the notice of default and sale be sent to Borrower's address which is the Property Address. ®6BINE)fmasl ax ian�s form 3a2a 1101