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200214001
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Last modified
10/15/2011 12:17:47 PM
Creation date
10/22/2005 11:13:32 PM
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DEEDS
Inst Number
200214001
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200214001 <br />by any governmental or regulatory authority, or any private parry, that any removal or other remediation <br />of any Ilazardoue Side, I mrce afTccting the Pmpemay is necessary, Borrower shall promptly take all necessary <br />remedial actions in accordance with Environmental Law. Nothing herein shall creme any ohligalien on <br />Lender for an Environmental Cleanup. <br />NON-0NIFORM COVENANTS. Burrower and 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 />acceleration tinder Section IS unless Applicable Law provides otherwise). The notice shall spccifv: (a) <br />the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the date <br />the 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 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 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 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. 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 attornevs' fees and costs of title evidence. <br />If the power of sale is invoked, Trustee shall record a notice of default fn each county in which <br />any part of the Properly is located and shall mail copies of such notice in the manner prescribed by <br />Applicable Low to Borrower and to the other persons prescriber] by Applicable Law. After the time <br />required by Applicable Law, T n <br />'Trustee shall give public notice of sale to the persons and in the maner <br />prescribed In Applicable Law. Trustee, without demand on Borrower, shall sell the Property at <br />public auction to the highest bidder at the time and place and under the terms designated in lire <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 nay purchase lire Pt operth at any sale. <br />4 pan receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed <br />contriving the Property. 'The recitals in the 'I'rustee's deed shall he prima facie evidence of the truth <br />of the statements made thereto. Trustee shall apply the proceeds of the sale in the following at (a) <br />to all costs and expenstls of exercising the power of sale, and the sale, including true payment of the <br />'Trustee's fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to <br />all sums secured by this Security btstrymtent; and (c) any excess to the person or persons legally <br />entitled to it. <br />23. Heroineyance. Upon payment of all sums secured by this Security Inaounrcnt, Lender shall <br />request Trustee to recomey the Property and shall surrender this Security Instrument and all notes <br />evidencing debt secured by this Security Instrument to Trustee. Trustee shall ieconvey the Property <br />without warrant), to the person or persons legally entitled to it Such person or persons shall pay any <br />recordation costs. Lender may charge such person or persons a fee for reconveying the Property, but only <br />if the fee is paid to a third party (such as the Trustee) for services rendered and the charging of the lee is <br />permitted under Applicable Law. <br />24. Substitute 'Trustee. Lender, at its option, may from time to tints remove 'Trustee and appoint a <br />sucwssor trustee to any Trustee appointed hereunder by an instrument recorded to the county to which this <br />Security Instrument is recorded. Without conveyance oT the Properly, the successor tritium shall sucecxl m <br />all the tide, power and dunes conferred upon "I rustee 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 />Borrower's address which is the Property Address. <br />� <br />� �� � <br />6(NE) mao5i o' rra. o, i= -- Form 3028 1101 <br />
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