200207183 - Laserfiche WebLink

Browse

200207183 by any governmental or regulatory authority, or any private party, that any removal or other menediation Of any Ifanudous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation on Lender for an Environmental Cleanup. NON - UNIFORM COVENANT S. Borrower and Lender further covenant and agree as follows: 23. Acceleration; Remedies. Lender shall give notice an Borrower prior to acceleration following Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under Section 18 unless Applicable law provides otherwise). The notice shall speclry: (a) the default; (b) the action required le cure the default; (c) a dale, not leas than 30 days from the dale the notice is given to Borrower, by which the default must be cared; and ph that failure to cure the default on or before the date specified by the notice may 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 M 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 not cared on or before the date specified in the notice, Lender at its option may require immediate payment in full of all sums secured by this Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by Applicable Law. Leader shah be cudded to call all expenses incurred in pursuing the remedies provided in this Section 22, including, but not limited to, reasonable attorneys' nable atto fees 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 We Property is located and shall mad 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 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 terms designated in the notice of sale in one or more parcels and in any 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 schedudell sale. Lender or its designee may purchase the Property at any sale. Upon receipt of payment of the price bid 'trustee shall deliver to the purchaser 'f rustee's dad conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shaR apply the proceeds of the sale in the fallowing order: (a) to all costs and expenses of exercising 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; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 2,3. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender .shall recruit 'Irustm to rca trvcy the Property and shall surrender this Security Instrument and all notes evidencing debt secured by fins Security Instrument to Trustee. Trustee shall re convey the Property without wruranty to the person or persons legally entitled to it. Such person or persons shall pay any wrrda con cos¢. Louder may charge .such person m persons a fee for nuonvcying the Property, but only if fire fee is paid to a third party (such as the 'B'mace) for services render ed and the charging of the fee is minuted wider Applicable Law. 24. Substitute Trustee. Lender, at its option, may from time to lime remove Trustee and appoint it successor trustee to any I mace appointed hereunder by an instrument recorded in the county in which this Security Instrumua is recorded. Widmut conveyeae of the Property, the successor trustee shall succeed to all the title, power and duties confred upon oustee herein and by Applicable Law. 25. Request for Notices. P.orrower requests that copies of the notice or default and sale be cars to Borrower's address which is the Property Address. 229152 i m (M. Blatt nnoS) rWaija�u Form 3026 pan I