200206958 - Laserfiche WebLink

Browse

200206958 by any govern mertsi or regulatory authority , or my private party, that mry removal or other penetration of any Hazurdons Substance affecting the Property is necessary , Bar rower shall promptly take all usurious remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation on Lender for an P.nvironmeutal Cleanup. NON - UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 22. Acceleration; Remedies. Lender shall also notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement in this Security Instrumrat (bnl out prior to acceleration under Section 18 unless Applicable Law provides otherwise). 'file notice shall specify: (a) the default; (b) the action required to ace the default; (c) .a date, not less than 30 days from (lie date the notice is given to Borrower, by which the default must be cured; and (d) that failure to care the default on or before the date specified in the notice may result in acceleration of the sums secured by this Sorority Instrument 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 deftndt or any other defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, Lender at its option may require immediate payment in full of all sums scattered by this Security Instrument 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 parsuing 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, Trustee shall record a notice of default in each eumdy in which any part of the Properly is located and shall mail copies of such notice In the manure prescribed by Applicable Lew to Borrower and It) the other persons prescribed by Applicable Law. After the time required by Applicable Law, Trustee shall give 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 the time and place and under the torus designated in the notice orsale in one or i mre parcels trod In any order Trustee. determines. Trustee else postpone scan of all or any parcel of the Property by public announcement at the fine and place of any previously scheduled sale. Lender or its designee may purchase (be Prnpeny at any sale. Upon receipt of paymmtl of the price bid, Trustee shall deliver to the purchaser Trustee's decd conveying the Properly. The recitals in the Trustee's deed shall be prima brief evidence of the truth of the statements made therein. Trsslceshall apply the proceeds of the sale fn the following order: had to all costs and expenses of eirerdsing the power of sale, and the sale, including the payment of the Trustee's fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (h) In all sums secured by this Security Instrument; and (c) any eccess to the person or persons legally entitled toil. 23. Reconviorance. Upon payment of all sums secured by this Security Instrument, Lender shall request Thrace w r vey the Property and shall surrender this Security monument and all notes evidencing debt s curednby this Secm'iry Instrument to 'fmstee. Trustee shall r.uctose the Property without warriarty to the person or plasmas legally entitled to it. Such permn or persons shall pay any recordation ousts. Larder may charge such person or persons a fee for reconveying the Property, but only if the fee is paid to a third party (such as the Trustee) for services rendered and the charging of the feels permitted under Applicable Law_ 24. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor rmatoe to any trustee appointed hereunder by an instrument recorded In rho county in which this Security Instrument is lacerated. Without a"oveyance of the Property, the successor mstee shall .succeed to all the tide, power and duties socialist upon'finece herein and by Applicable Law. 25. Request for enables. Borrower requests that copies of (lie notice or default and sale he sent to Borrower's 'address which Is the I'I'operty Addreas. 11 1 as -B NEI aoo5 '. 01 rags 1 ]or 19 Form 3028 1101