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200214193
<br />Borrower rm
<br />shall not cause or peit the presence, use, disposal, storage, or release of any Hazardous Substances. or
<br />threaten to release any Hazardous Substances, on or in the Property. Borrower shall not do, nor allow anyone else to do,
<br />anything affecting the Property (a) that is in violation of any Environmental Law, (b) which creates an Environmental
<br />Condition, or (c) which, duo to the presence, use, or release ofa Hazardous Substance, creates a condition that adversely
<br />nffeols the value ofthe Property. The preceding two sentences shall not apply to the presence, use, or storage on the Property
<br />ofsecall quantities of Hazardous Substances that are goner ally recognized to be appropriate to normal residential uses and to
<br />maintenance ofthe Property (including but not limited to, hazardous substances in consumer products).
<br />Borrower shall promptly give Lender written notice of(a) any investigation, claim, demand, lawsuit or other action
<br />by any governmental of regulatory agency or private party involving the Properly and any Hazardous Substance or
<br />Environmental Law fwhich Borrower has actual know ledge, (b) any Environmental Condition, including but not limited to,
<br />any spilling, leaking, discharge, release or threat ofrelease of any Hazardous Substance, and (c) any condition caused by the
<br />presence, use or release of a Hazardous Substance which adversely affects the value of the Property. IfBorower leams, or is
<br />notifi ed by any governmental or regulatory anation ty, or any private party, that any removal or other remediation of any
<br />Hazardous Substance affecting the Properly is necessary, Borrower shall promptly take all necessary remedial actions in
<br />accordance wi ill Environmental Law. Nothing herein shall create any obligation on Lender for an Environmental Cleanup.
<br />NON - UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />22. Acceleration; Remedies. Lender shall give notice to Burrower prior to acceleration following
<br />Borrower's breach litany covenant or agreement in this Security Instrument (but not prior to acceleration under
<br />Section 18 unless Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) the action
<br />required to cure the default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which
<br />the default must be cured; and (d) that failure to cure the default on or before the date specified in the notice may
<br />result in acceleration ofthe sums secured by this Security Instrument and sale ofthe Property. The notice shall
<br />further inform Borrower ofthe right to reinstate after acceleration and the right to bring a court action to asses the
<br />non- existence ofa default or any other defense of Borrower to acceleration and sale. If the default Is not cured on or
<br />before the dale specified in the notice, Lender at its option in are require immediate pay mail l in full of all so ins
<br />secured by this Security Instrument without further demand and may invoke the power of sale and any other
<br />remedies permitted by Applicable Law. Lender shall be entitled to collect all expenses incurred in pursuing the
<br />remedies provided In this Section 22, including, but not limited to, reasonable attorneys' fees and costs of title
<br />evidence.
<br />Ifthe power of sale is invoked, Trustee shall record a notice ofdefnult in each county in which anv part of
<br />the Property is located and shall mail copies of such notice in the manner prescribed by Applicable Lawto Borrower
<br />and to the other persons prescribed by Applicable Law. After the time required by Applicable Law, 'I rustee shall
<br />give public notice of sale to the persons and in the manner prescribed by Applicable Law. Trustee, without demand
<br />on Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the
<br />terms designated in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may
<br />postpone sale 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 ofthe price bid, Trustee shall deliver to the purchaser t'rustee's deed conveying
<br />the Property. The rceitals [it the Trustee' s deed shall be prima facie evidence ofthe truth ufthe statements made
<br />therein. Trustee shall apply the proceeds ol'the sole in the following order: (a) to all costs and expenses of exercising
<br />the power of sale, and the sale, including the payment of the Trustee's fees actually incurred and reasonable
<br />attorneys' fees as permitted by Applicable Law; (b) to all sums secured by this Security Instrument; and (c) any
<br />excess to the person or persons legally entitled to it.
<br />23. Reeonveyance. U Pon payment ofall sumssccured by this Security Instrument, Lender shall request l'msteeto
<br />re- convey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security
<br />Instrument to Trustee, 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. Leader may charge such person or persons a fee for rewnveying the
<br />Property, but only iffi e tee is paid to a third party (such as the Trustee) for services rendered and the charging ofthe tee is
<br />permitted under Applicable Law,
<br />24. Substitute Trustee. Lender, at its option, may from time no time remove Trustee and appoint a successor
<br />trustee to any '1'rustee appointed hereunder by an insb'ument recorded in the county in which this Security Instrument is
<br />recorded. Without conveyance ofthe Property, the successor trustee shall succeed to all the title, power and duties coaked
<br />upon Trustee herein and by Applicable Law.
<br />25. Request for Notices. Borrower requests that copies ofthe notice ofdefeult and sale be sent to Borrower's
<br />address which is the Property Address.
<br />BY SIGNING BELOW, Borrower accepts and agrees to the temps and covenants contained in this Security
<br />Instrument and in any Rider executed by Borrower and recorded with it.
<br />Witnesses:
<br />KA /I e j (Seal)
<br />,,c, Gordon / DE Coble
<br />(�/� ��JJ
<br />✓115/"✓ 'mot. "�� (Seal)
<br />Borrower Lori L Coble
<br />Bonmvcr
<br />(Seal)
<br />(Seal)
<br />NEEJRMKA— S,r,1v lamely— FannieMaelFreddie Mac UNIFORM INSTRI 151 ENT Form3028 Von (pnge7of8pagei)
<br />s]sa. Cy(I A2) Grit 54
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