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200207441
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200207441
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Last modified
10/15/2011 2:04:46 AM
Creation date
10/22/2005 9:03:57 PM
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DEEDS
Inst Number
200207441
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200207441 <br />by any governmental or regulatory authority, or any private party, that any removal or other wolictliation <br />of any Hariudnns Substance affecting the Pmpenly is necessary, Borrower shall promptly take all necessary <br />remedial actions to acumlance with Environmental Law. Nothing herein shall cream any obligation on <br />Lender for an Environmental Clcanup. <br />NON- UNIFORM COVENANTS. Borrower and Lender fanhut c voo:uu and agree as follows: <br />22. Acceleration; Remedies. Lender shall give notice to Borrower prior to uceeleralion following <br />Borrower's breach or any covenant or agreement in this Security Instrument (but not prior to <br />acceleration under Section IS unless Applicable Law provides ofl ccoise). The notice shall specify: (a) <br />the default; (b) the action required to cure the default; (c) a date, not le%s than 30 days from the date <br />the notice is given to Borrower. by which the default toast be effect; and (d) that failure to cure the <br />default on or before the dale specified in the notice may result in acovicralion or the sums secured by <br />this Security Instrument and sale of the Property. The notice shall further inform Borrower or the <br />right to reinstate after acceleration and the right to bring a court 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 cored on or <br />before the date specified to the notice, Lender at its option easy require Immediate payment in full of <br />all sums secured by this Security Instrument without further demand and tray invoke like power it <br />sale and any other remedies permitted by Applicable Law. Lender shall be entitled to collect nil <br />expenses incurred in pursuing the remedies provided in this Section 22, including, but not limited to, <br />reasonable attorneys' fern will 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 lire Property is located and shall mail copies of such notice in the manner proscribed by <br />Applicable Law to Borrower and to the other persons prescribed by Applicable Law, After the tuner <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 dernmrd on Ron-ower, shall sell the Property at <br />public auction to the highest bidder at the time and place and under the terms designated in the <br />notice or 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 lime ant[ place or any previously <br />scheduled sale- Lender or ill deilgnce pray purchase the Property at any sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Truslec's deed <br />conveying the Properly. The recitals in the Trustee's deed shall be prima facie evidence of the truth <br />of the a[elements 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 rxasonable attorneys' fees as permitted by Applicable Law; (b) to <br />all sums secured by this Security instrument; and (c) may excess to the person or persons legally <br />entitled to it. <br />23. Rseonveyance. Upon payment of all skims secured by this Security, imounieni, Lender shall <br />request Trustee to rcconvey [he Property and shall surrcndcr does Security instrument and ail notes <br />evidencing Jcbt secured by this Security Instrument to Trustee. TPcLtT Shall mconvey the Pmperry <br />without warranty m the person or persons legally entitled to it. Such person or Persons shall pay any <br />recordation coats. Lender may charge such person or persons a fee tar memrveying the Property, but only <br />if the few is paid to a third party (such as the Trustee) for services rendered and the charging of the fee is <br />permitted under Applicable Taw. <br />24. Substitute 'Trustee. Lecdcr, at its option, may from time to time ranove Tmstcu and appoinl a <br />successor trustee to any Trustee appointed hereunder by an instrument recorded in the county In which this <br />Security Instrmeut is recorded. Without conveyance of the Properly, the successor trustee shall Succeed to <br />all the title, power and duties conferred upon Tyuslcc 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 />Bovower's address which is the Propnsy Address. <br />4=4040 00o11 rage eons Form 302e 1101 <br />ao <br />LI 'd SEU 9ES ZU 'ON XdI 91W INCH 09dI SIAM Wd dZ21 INA ZO9d -ZI -7P <br />
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