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200207253 <br />by any governmental or regulatory authority, or any private party, that any icmeval or other remediatlon <br />slurry Hazardous Substance affecting the Property is necessary, Borrower shall promptly lake all necessary <br />medial actions iv ordance with Environmental i u <br />law. Nothing hcin shall create any obligation on <br />Lender for an Environmental Cleanup <br />NON - UNIFORM COVENANTS. Borrower mid Larder further covenant and agree as follows <br />22. Acceleration; Remedies. Leader shall give notice to Borrower prior to acceleration following <br />Borrower's breach of any covenant or agreement in this Security instrument (but not prior to <br />acceleration under Section 18 uNess Applicable Law provides otherwise). The notice shall specify: (a) <br />the default; (b) the action required to cure the default; O a date, not less than 30 days from the dam <br />the notice is given to Borrower, by which We default must be cured; and (d) that failure to cure the <br />tlefault on or before the date specified in the notice may result in acceleration of the sums secured by <br />this Security Instrument and sale of the Property. The notice shall further inform Borrower of the <br />right to reinstate after acceleration and the right to bring a court action to assert the non - existence of <br />a dcbmdt or any other defense of Borrower to acceleration and sale. If the default Is not cured on or <br />before the date specified in the notice, Leader at its option may require immediate payment in full of <br />all sums secured by this Security Instrument without further demand and may invoke the power of <br />sale and any other remedies permitted by Applicable Law. Leader shall he entitled to collect all <br />expenses incurred ht pursuing the remedies provided in this Section 22, including, but not limited to, <br />reasonable slimness' fees and costs of title evidence. <br />If the power of sale is invoked, Trustee shall record a notice of default in each county in which <br />any part of the Properly is located and shall mad copies of such notice in the manner prescribed by <br />Applicable Law to Borrower and to the other persons prescribed by Applicable Law. After the time <br />required by Applicable Law, Trustee shall give public notice of sale to the persons and in the manner <br />prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell We Property at <br />public auction to the highest bidder at the time and place and under the terms designated in the <br />notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale <br />of all or any parcel of the Property by public announcement at the time and place of any previously <br />scheduled sale. Lender or its designee may purchase the Property at any sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed <br />conveying the Properly. The recitals in the Trustee's decd shall be prime facie evidence of the truth <br />of the statements made therein. 'I'rustce shall apply the proceeds of the sale in the fallowing order: (a) <br />to all costs and expenses of exercising the power of sale, and the sale, including the payment of the <br />'trustee's fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to <br />all s Instrument; by this Security Inrument; and (c) any excess to the person or Persons legally <br />entitled to it <br />23. Reconveyance. Upon partisan of all sums cured by this Security Instrument, Lender shall <br />request Trustee to reeonvey the Property and shall s cndn this Security Instrument cod all rotes <br />evidencing dept weevil by this Security Instrument for Trustee. Trustcc shall re way the Property <br />without warranty to the person or persons legally entitled to it Such person or persons shall pay any <br />ewrdatlon costs. Lander may charge such person or per sons a fire for rcconveying the Property, but only <br />if the fee is paid to a third party (such as the Iiustee) for services rumored and the charging of the fee is <br />permitted under Applicable Lars, . <br />24. Substitute' Trustee. Lender , at its option, may from time to time remove Trustee and appoint a <br />successor trustee to any Trustee appointed hereunder by an instrument occur dod in the county in which this <br />Security her intent is recorded Without conveyance of the Property, the successor trustee shall succeed to <br />all the tidq power and duties correct red upon I fusion herein and by Applicable law. <br />25. Request for Notices. Borrower requests that copies of the notice of default and sale be sent to <br />Rort cover 's address which is the Property Address. <br />lot n �ry <br />229150 <br />®.etxet <br />ante <br />swan <br />one <br />Formaaae 1toI <br />