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200601775 hy any governmental or n:gulatory authority. or any private party. that any removal or ot.ber remediation of any Hazardous Suhstance atkcting the Property is necessary. Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. Nothing herein shall create any ohligation on Lender for an Environmental Cleanup. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 22. Acceleration; Remedies. Lender shall give notice to Borrnwer prior to acceleration following Borrower's breach of any covenant or agreement in this Security Instrument (hut not prior to acceleration under Section 18 unless Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) the ~Iction required to cure the default; (c) a date, not less than 311 days from the date the notice is given to Borrower, by which the default must be cured; and (d) that faihll'e to cure the default on or before the date specified in the notice m~ly I"esult in acceleration of the sums secUl"ed by this Security Instrument and sale of the Property. The notice shall further inflmn 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 hefore 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 dem~md 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 Section 22, including, hut not limited to, reasonable attorneys' fees and costs of title evidence. If the power of sale is invoked, Trustee shall reconl :1 notice of default in each count} in which any part of the Property is located and shall mail copies of such notice in the manner presel"ibed hy Applicable L:lw to Borrower and to the other persons presel"ibed by Applicable Law. After the time required by Applicahle Law, Trustee shall give puhlic notice of sale to the persons and in the manner prescribed by Applicable Law. Trustee, without demand on Borrower, Sh:ll1 sell the PI"operty at public auction to the bighest bidder at the time :md place and under the terms designated in the notice of sale in one or more parcels :Hul in any order Trustee determines. Trustee may postpone s~lle of all or any parcel of the Propert). by public announcement at the time and place of any previously scheduled sale, Lender or its designee ma)' purchase the Property :It any sale. Upon ,"eceipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The recitals in the Trustee's deed shall be prima f:tcie evidence of the truth of the statemcnts m:lde thercin. Tmstee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses of exercising the powe'" of sale, allll the sale, including the payment of the Trustee's fees actually incurred and reasonable ~lttorneys' fees as permitted by Applicable Law; (b) to all sums seeUl"ed by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 23. Reconveyance. Upon payment of all sums secured hy this Security InstrUlTlent Lender shall request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing dcbt secured hy this Sccurity Instrument to Trustee. Trustee shall reconvey the Property without warranty to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. Lender may charge such person or persons a fec for reconvcying tbe Property. but only if the fee is paid to a third party (such as the Trustee) l(Jr services rendered and the charging of the fee is permitted under Applieahle Law. 24. Substitute n'ustee. Lender, at its option. may fi-om time to tinle remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument rccorded in the county in which this Security InstrulTlent is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title. power and dutit:s conferred upon Trustee herein and by Applicable Law. 25. Request for "'lotices. Borrower requests that copies of the notice of <Jcfi.mlt and sale he sent to Borrower's address which is the Property Address. P<ge 13 of 1 5 InjtjalS~P V.Q.i! 0110247550 .-6(NE) (0407).01 @ FOIl11 3028 1101