|
200214263
<br />Bno wershallaa cause tapermit the proxcncc, use, disposal, storage, or release of any Hazardous Substances,or
<br />threaten o release any Hazardous Substances, on or in the Property- BORl1WCr shall not do, nor allow anyone else he 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, due to the presence, use, or release of a Ilszarder, Substance, ureates a condition that adversely
<br />affwts the value of Property . The preceding two sentences shall not apply to the presence, use, or storage at the property
<br />of small quantities of Hazardous Substances that are generally recognized to he appropriate to normal residential uses and to
<br />maintenance of the Property ( ncluding, but not limited Io, hazmdous substances in consumer products).
<br />Borrower shall promptly give Lender written notice of (a) any investi �Rfioa, claim, demand, lawsuit or other action
<br />by any governmental or regulatory agency or private party involving the roperty and any Hazardous Substance or
<br />Environmental Law of which Borrower has actual know ledge, (b) any Environmental Condition, including but not limited to.
<br />any spilling; leaking, discharge, release or threat of release ofany Hazardous Substance, and (c) any condition caused by the
<br />presence, use or release or Hazardous Substance which adversely affects the value of thc Property. It Borrower learns, or is
<br />notified by any governmental or regulatory authority, or any private party, that any removal or other remediation crony
<br />Hazardous Substance affecfing the Property Is necessary, Borrower shall promptly take all necessary remedial actions in
<br />aeetudancewith Environmental Law. Nothing herein shall cl cute any obligation on Lender for an Los nonmemal Cleanup.
<br />NON - UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />22. ACCCleration; Remedies. lender shall give notice to Borrower prior to acceleration following
<br />Borrower's breach of any covenant or agreement in this Security Instrument (hut 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 most be cured; and (d) that failure to care the default on or before the date specified in the notice may
<br />result in acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall
<br />Further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the
<br />mmn�existcnee ot'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 all sums
<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 invariant
<br />remedies provided in this Section 22, including, but not limited to, reasonable attorneys' fees and costs of title
<br />evidence.
<br />If the power ofsale invoked, Trustee shall record a notice of default in each county in which any part of
<br />the Property is located and shall mail copies of each notice in the manner prescribed by Applicable Lawlo Borrower
<br />and to the other per prescribed by Applicable Law. After the time required by A pplicable Law, Trustco 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 />term 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 ufany previously
<br />scheduled sale. Lender or its designee may purchase the Property at any sale.
<br />Upon receipt of 1nayment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying
<br />the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made
<br />therein. Trustee shall appply the proceeds of the sale in the following order; (a) to all costs and expenses ofexeroisi ng
<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 at- persons legally entitled to it.
<br />23. Reeonveyance. Upon paymcntof all stain secured by this Security Instrument, Lendershall requcst Trusoco
<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 rexmvey 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 let a lee foreconveying the
<br />Property, but only if the fee is paid to a third party (such as the Trustee) for services rendered and the charging of the fee is
<br />permitted under Applicable Law.
<br />24. Substitute' Trustee. Lender, at its option, may front trine to time remove Trustee and appoint a successor
<br />trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is
<br />recorded. Without conveyance of the Property, the successor trustee shall succeed to all the tide, power and duties conferred
<br />upon't'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 Borrower's
<br />address which is the Property Address.
<br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security
<br />Instrument and in any Rider executed by Borrower and rcended With it.
<br />Witnesses: * x�
<br />//f �j� (Sent)
<br />Borrower Ter , G Bullerr a
<br />lw Y 4(l ' (Seal)
<br />Bonowcr Pamela K Buller
<br />(Sea[)
<br />(Seal)
<br />HEUIh1sxA- Single Naraity— Fannie MaMrreddie Mac UNIFORM INSTRUMF.N'I Fnrm3028 Lot (pn3e 7,d3 pnar1
<br />9]311111,D21 11 ?9W2
<br />t It I1 Ln0n 1r1111
<br />
|