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200208474
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200208474
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Last modified
10/15/2011 3:29:23 AM
Creation date
10/22/2005 9:17:32 PM
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DEEDS
Inst Number
200208474
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200208474 <br />any spilling, leaking, discharge, release or threat of release of any ITazrrdous Substance, and (c) any condition caused by the <br />presence, use or release of a Hazandous Substance which adversely affects the value of the Property. If Borrower learns, or is <br />notified by any govenmierdal or reb datory authority, or any private party, that any removal or other icimcliation of any <br />Haaanlnns Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in <br />are onforce with Environmental Law. Nothing herein shall create any obligation on Lender for an Environmental Cleanmp. <br />NON - UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: <br />22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's <br />breach of any covenant or agreement in this Security Instrument (bul not prior to acceleration under Section 18 <br />unless Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) the action required to care <br />the default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default most <br />be cured; and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration <br />of the sums secured by this Security Instrument and sale at the Property. The notice shall further inform Burrower of <br />the right to reinstate after acceleration and the right to bring a court action to assert the non - existence of a default nr <br />any tither defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in <br />the notice, Lender at its option may require inmredime payment in lull of all sums secured by this Security Instrument <br />without further demand and may invoke the power of sale and any other remedies permitted by Applicable Law. <br />Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this Section 22, <br />including, but not limited to, reasonable attorneys' 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 any part of the <br />Property is located and shall mail copies of such notice in the manner prescribed by Applicable Law to Borrower and <br />to the other persons prescribed by Applicable Law. After the time required by Applicable Law, Trustee shall give <br />public notice of sale to the persons and in the manner prescribed by Applicable Law. Trustee, without demand on <br />Borrower, shall sell the Property at public auction In the highest bidder at the time and place and under the terms <br />designated in the notice of sale in one or more parcels and in any order Trustec detenrines. Trustee may postpone <br />sale of all at any parcel of the Properly by public announcement at the time and place (if any previously scheduled <br />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 conveying the <br />Property. The recitals in the Trustee's deed shall be prium facie evidence of the truth of the statements made therein. <br />Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses of exercising the <br />power of sale, and the sale, including the payment of the Trustee's fees actually incurred and reasonable attorneys' <br />fees as permitted by Applicable Law; (b) to all sums secured by this Security Instrument; and (c) any excess to the <br />person or persons legally entitled to it. <br />23. Reeonveyance. Upon payment of all sums seemed by this Security instrument, Lender shall request Trustee to <br />reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt seemed by this Severity <br />Instrument to Truster. Trustee shall reconvey the Property without warranty to the person or persons legally entitled to it. <br />Such person or persons shall pay any recordation costs_ Lender may charge such person or persons a fee for teconveying the <br />Property, but only if the fee is paid to a third party (such as the Trustee) for services tendered and the charging of the fee is <br />pemutted trader Applicable Law, <br />24. Substitute Ttustec. Lender, at its option, may from time to time remove Trustee and appoint a successor <br />trustee to any 'Trustee appointed hereunder by an inslnunent recorded in the county in which this Security Instrument is <br />rreuded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power aid duties conferred <br />upon Tnustee herein and by Applicable row. <br />25. Request for Notices. Borrower requests that copies of the notice of default and sale be sent to Borrower's <br />address which is the Property Address. <br />-- [Signatures on Collowo, P.,q <br />Loan NO: 1735183 <br />Nebt -" peel of f ao-S nglc k'vnlly- Fanaic ia.&Ioeddk Mac UNIFORM INSTRUMEI' <br />—THE Cn oil., E Sorter, INC. Pace 11 n112 <br />" " °�mr " ° °� °�""m IIIR�IIYI�NN��NI�IBVPM��Illtlll <br />nun„ 1028 01101 <br />I400INK UWUO <br />02004 TLCCOmp renm 9w�a,lm. <br />
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