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200508966 <br />Environmental Law of which Borrower has actual knowledge, (b) any Environmental Condition, including but not <br />any spilling, leaking, discharge, release or threat of release of any Hazardous Substance, and (c) any condition cau <br />presence, use or release of a Hazardous Substance which adversely aMcts the value of the Property. If Borrower he <br />notified by any governmental or regulatory authority, or any private party, that any removal or other remediati <br />Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial <br />accordance with Environmental Law. Nothing herein shall create any obligation on Lender for an Environmental C <br />NON- UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: <br />21. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following I <br />broach of any covenant or agreement in this Security Instrument (but not prior to acceleration under <br />unless Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) the action require <br />the default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the def <br />be cured; and (d) that failure to cure the default on or before the date specified In the notice may result in a <br />of the sums secured by this Security Instrument and sale of the Property. The notice shall further inform Bo <br />the right to reinstate after acceleration and the right to bring a court action to assert the nod - existence of a <br />any other defense of Borrower to acceleration and sale. If the default b not cured on or before the date s <br />the notice, Lender at its option may require immediate payment in full of all sums secured by this Security In <br />without further demand and duty invoke the power of sale and any other remedies permitted by Applic <br />Lender shall be entitled to collect all expenses Incurred in pursuing the remedies provided in this Se <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 p <br />Property is located and shall mail copies of such notice In the manner prescribed by Applicable Law to Barr <br />to the other persons prescribed by Applicable Law. After the time required by Applicable Law, Trustee <br />public notice of sale to the persons and In the manner prescribed by Applicable Law. Trustee, without d <br />Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under <br />designated in the notice of sale In one or more parcels and In any order Trustee determines. Trustee may <br />sale of all or any pared of the Property by public announcement at the time and place of any previously <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 purchaw Trustee's deed cony <br />Property. The recitals In the Trustee's deed shall be prima facie evidence of the truth of the statements mad <br />Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses of exec <br />power of sale, and the sale, including the payment of the Trustee's fees actually incurred and reasonable <br />fees as permitted by Applicable Law; (b) to all sutras secured by this Security Instrument; and (c) any exc <br />person or persons legally entitled to It. <br />22. Rexonveyance. Upon payment of all surns secured by this Security Insawrient, Lender shall request <br />reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by thi <br />Instrument to Trustee. Trustee shall reconvey the Property without warranty to the person or persons legally en <br />Such person or persons shall pay any recordation costs. Lender may charge such person or persons a fee for recon <br />Property, but only if the fee is paid to a third party (such as the Trustee) for services rendered and the charging of <br />permitted under Applicable Law. <br />23. Substitute Trustee. Len der, at its option, may ftom time to time remove Trustee and appoint a <br />trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Ins <br />recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties <br />upon Trustee herein and by Applicable Law. <br />Initials• ,� <br />ited to, <br />by the <br />s, or is <br />of any <br />ions in <br />tiou 1'1 <br />to cure <br />It must <br />Of <br />or <br />in <br />Law. <br />n 21, <br />of the <br />!r and <br />!1 give <br />nd on <br />terms <br />ying the <br />therein. <br />ring the <br />torneys' <br />is to the <br />rustee to <br />Security <br />led to it. <br />vying the <br />he fee is <br />uccessor <br />ument is <br />Negri M Dwd of Tnm"ingk Fxftly Wosdery lire MFRS Modttkd F �1 01/01 <br />—THE COMorLtAi'rt.`s SoURM M, Pad► li of 11 ri ew y -M caewb a a«.�., rra* 410M 9M <br />•+�+.�+n a omr,arnarrrnraaoom osao=, rri. SOOMW Inc. <br />