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. .- 200511256 " Borrower shall promptly give lender written notice of any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental law of which Borrower has actual knowledge. If Borrower learns. or is notified by any governmental or regulatory authority, that any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental law. As used in this paragraph 20, "Hazardous Substances" are those substances defined as toxic or hazardous substances by Environmental law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As used in this paragraph 20, "Environmental law" means federal laws and laws of the jurisdiction where the Property is located that relate to health, safety or environmental protection. 21. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraph 17 unless applicable law provides otherwise). ThB notice shall specify: (a) the default; (b) the action required to cure the default: (c) a date, not less than the minimum number of days established by applicable law from the date the notice is given to Borrower, by which the default must be cured; and (dl that faililre to cure the default on Dr before tha riate llllecified in the notice may result in acceleration of the sums secured by this Security Instrument, and sale of the Property. The notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non.existence of a default or any other defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, Lender at its option may require immediate payment in full of all sums secured by this Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph 21, including, but not limited to, reasonable attorneys' fees and costs of title evidence. If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the Property is located and shall mail copies of such notice in the manner prescribed by applicable law to Borrower and to the other persons prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of sale to the persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustea's deed conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of tha truth of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses of DXercising the power of sale, and of the sale, including the payment of the Trustee's fees actually incurred, not to exceed % of the principal amount of the note at tha time of tha declaration of default. Ilnd reasonable attorneys' fees as permitted by law; (bl to all sums secured by this Security Instrument: and (c) any excess to the person or persons legally entitled to it. 22. Reconveyance. Upon payment of all sums securad by this Sacurity Instrumant, landar shall raquast Trustee to reconvey the Property and shall surrender this Security Instrument and all notes avidencing dabt sacurad by this Sacurity Instrument to Trustee. Trustee shall reconvey tha Property without warranty and without charga to tha person or persons legally entitled to it. Such person or persons shall pay any recordation costs. 23. Substitute Trustee. lender, at its option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in tha county in which this Security Instrument is recorded. Without convayanca of tha Property, tha succassor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by applicable law. 24. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrowar's address which is tha Property Address. By initialing. I acknowledge this is page 6 of 7 of the Deed of Trust. ~ Copyright Compli.nce 5y,tom,.lnc. 1993. 1994. 1995. 1997. ~004 ITEM 121NEL6 104081 P.g. 8 of 7 .D..s . Initials Initials lnitl Is Initials www.complianc&S"vuem.$.l:l;Im 800.989.8522 Fax 616.956.' 868