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200601850 DOC 1D .: 00012506320602006 Borrower shall prompLly give Lender wriUen nOlice of (a) any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private party involving L1le Property and any Hazardous Suhstance or Environmental Law or which Borrower has actual knowledge, (b) any EnviromnentaJ Condition, including but not limited to, any spilling, leaking, discharge, relcase or lhreat of relea:;;e of uny Hazardous Subslance, and (c) any condition caused hy the presence, Ufle or release uf a HazardOUfl Subslanee which lIdver:;;c1y affecls the value of the Property. If Borrower learns, or is notified hy any governmental or regulatory authority, or uny privale pllrly, that any removal or other remediation or any Hal.ardous Substance affecling the Property is necesfllll)', Borrower flhall prompLly lake allnecesslU)' remedinl aClions in accordance with Environmenlal Law. Nothing herein shall create any obligation on Lender ror an Environmental Cleanup. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree liS follows: 22. Acceleration; Remedies. Lender shull give notice to Borrower pI'ior to acceleration following UorrowCl"'S breach of uny covenant or uKreement in this Security Instmment (but not prior to a(~celeration under Section 18 unless Applicable Luw provid(ls otherwise). The notice shall spl.'CiIy: (u) the defanlt; (h) the action reqnh-I.'notice is given to Borrower, by which the derault must be cured; and (d) nUlt fuiJurc to cure (.hc dcfuult on or beflll'c the date specilied in the notice may result in ~lc('clenltion of Ihe sums secured by this Security Instrum('nt und sale of the I'roperty. The notice shull further in'(lrm Borrower of the right to reinst.ute aileI' accelel"lltion and the right to hring u court uction to assert the non-existence of a default 01' uny other defense of BIll'rower to acceleration and sale. II' the default is not cured on or berore the dute spedlied in the notice, Lender at its option ll1uy I"equire immediate paymenl in full of all sums secured by this Security Instrument without further demand and may invoke the power of slIle and any other remedies permitted by Applicuble Luw. Lender shall be entitled to coiled all expenses incurl'l.>d in pm'suing the remedies provided in this Section 22, including, but not limited to, reusonahle uttorneys' fees und costs of title evidence. II' the power of sute is involled, Trustee shull record u notice of defuult in euch county in wbkh lIny purl of the Propel'ty is located und shull muil copies of such notice in (.he munner prescribed hy Applicahle Luw to Borl'Ower lInd to the other persons prc''lcribed by Applicable Law. Aller the time required by Applicuble Law, Trustee shull give public notice of sale to tbe persons and in the munner prescribed hy Applicable Law. Trustee, without demand on Horrower, slUlII sell tbe Property ut puhlic auction to the higbest bidder ~lt the time und pbl(~(' ulld undel' the terms designated in the notice or sale in one or more plll-ccls and in any OrdCl" Tmstee determines. Trustl.'C may postpone sale of all or Imy parcel or (.he Property by public announcement at tbe time und place 01' any previously sclwduled sale. Lender or it..'i dl-'Signee may pm'ehuse the Property at any sale. Upon receipt of payment of the price bid, Trustee shall deliver to the pm'chuser Tmstce's deed conveying the Property. l11e recitals in the Tmstcc's deed shall be primu rude evidence 01' the twt.h of the stutements mude thel"ein. Trustee shull upply the p('Oceeds of the sule in the 'hllowing ord(!r: (a) to ull costs and expenses of exercising the power of sale, and the sale, including the paym(~nt or t1w Trustees fe(!s actually incurred and reusonahl(~ uttorneys' fl.'Cs us permitted by Applicuble Law; (b) to ull sums secured by this Se('urity Insb"ument; und (c) uny exccss to thc pel"son or persons Icgully entitled to it. 23. Reconvey~lI1ce. UPOII paymenl of all sums secured hy this Security Inslnnnenl, Lender shall request Trustee to reconvey the Property and shall surrender lhis Security Instnnnent llnd all notes evidencing debl secured by thi:;; Securily Instrument 10 Tlllstee. Trustee shall reconvey the Property withoul warranty 10 the person or persons legally entitled to it. Such person or persons shall pay any rccordation costs. Lender may chllrge such perflon or persOllfl a fee j()r reeonveying the Properly, hul only if the fee is paid 10 a lhird purty (such as the Tlllstee) for services rendered llnd lhe charging of the ree ifl permilled under Applicable Law. 24. Substitute Tmsll--c. Lender, III ils option, may rrom time to time remove Trustee and appoint a successor trllstee to lIny Truslee appoinled hereunder hy an inslrument recorded in lhe county in which lhis Securily Instnnnenl is recorded. Wilhout conveyance or the Property, the successor lrw;tee shall succeed 10 all the tille, power lInd duties conferred upon Truslee herein and by Applicable Law. 25. Request for Notices. Borrower requests lhat copies or (/le notice of defnuH and flail' be senl 10 BOl"[uwer's lid dress which is the Property Addrcss. ~ -6A(NE) (0407) CHL (08/05) Page lOo! 11 Form 3028 1/01