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200207256 <br />by any governmental or regulatory authority, or any private parry, that any removal or other remedlation <br />of any Hazardous Substance attesting Me Property is necessary, Borrower shall promptly take all necessary <br />medial actions in accordance with Environmental law. Nothing herein shall create any obligation on <br />Lender for an Lux imtarran l Cleanup_ <br />NON -I IMFORM COVENANTS. Borrower mid Lender further covenant and agree as follows: <br />22. Acceleration; Remedies. Lender 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 />deceleration under Section 18 Mess Applicable Law provides otherwise). The notice shall specify: (a) <br />the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the date <br />(lie notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the <br />default on or before the date specified in the notice may result in deceleration of the sums secured by <br />this Security Instrument and sale of the Property. The notice shall further inform Burrower of the <br />right to reinstate after acceleration and the right to bring a cowl action to assert the non - existence of <br />a default 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, lender at its option may require immediate payment m fell 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. Lender shall be entitled to collect all <br />expenses incurred in pursuing the remedies provided in this Section 22, including, but not limited to, <br />reasonable attorneys' fees and cosh of title evidence. <br />If the power of sale is invoked, Trustee shall record a notice of default In each county in which <br />y part of the Property is located and shall mail 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 the Property at <br />public auction to the highest bidder at the dine 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 />Opon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's dead <br />conveying the Property. The recitals to the rIrustee's deed shall be prima facie evidence of the truth <br />of the statements made therein. Trustee shall apply the proceeds of the sale in the following 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; @) to <br />all sums secured by this Security Instrument; and (c) any excess to the pennon or persons legally <br />entitled to it. <br />23. Reconvcyance. Upon payment of all suns secured by flue Security Instrument, Lender shall <br />request Trustee to recomce the Property and shall surrender this Security histrmnart end all notes <br />evidencing debt secured by this Security Instrument to Trustee. Trustee shall re convey Me Property <br />without warranty to the person or prisons legally entitled to lt. Such person or persons shall pay any <br />erordadon costs_ bender may charge such person or Persons a fee for reconveying the Property, but only <br />if the tee is paid to a third posy (suds as the Trustee) for sem iccs rcndcrcd and the charging of the fee is <br />perm irol under Applicable law. <br />24. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a <br />oractroor trusty to any 'trustee appointed hereunder by an imumneot recorded in the comity in which this <br />Security Irutramuni is tecindoil. Without conveyance of the Property, the successor trustee shell succeed m <br />all the tola, power and duties a nferrei upon Trustee herein and by Applicable Law. <br />25. Request for Notices. Borrower requests that copies of the notice of defoult and sale be sod to <br />Borrower's address which is the Property Address_ <br />229156 <br />® -aturt mr1 :,.: wat,m.. sit,;[ '� rrrm3028 oat <br />