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200603823
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Last modified
5/2/2006 8:58:08 AM
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5/2/2006 8:58:07 AM
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DEEDS
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200603823
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<br />200603823 <br /> <br />by any governmental or :Tgul:ltory authority, or :my private parly, that any removal or other remediation <br />of any Hazardous Suhsta:1Cc ;lIlceting the PnJjXTI is necc'<":\ry, Borrower shall promptly take all necessary <br />remedial actiolls '11 :lcco,'d;lncc with Environmental Law. Nothing herein shall create any obligation on <br />Lender for an Environl11cn[;l! Cleanup. <br />NON-UNIFORtvl COVENANTS. Borrown and Lender further covenant and agree as follows: <br />22. Accelerdion; J:emedies. Lender shall give notice to Borrower prior to acceleration following <br />Borrower's hreach of 'lll.V wvenant or agreement in this Security Instrument (but not prior to <br />acceleration under Sect: ()Il ] S unless Applicable Law provides otherwise). The notice shall specify: (a) <br />the default; (b) tile ncti<iIl required to cure the default; (c) a date, not less than 30 days from the date <br />the notice is giv('n to BI'ITOWl'r, by which the default must be cured; and (d) that failure to cure the <br />default 011 or before the daic specified in the Ilotice may result in acceleration of tht' sums secured by <br />this Setllrity lnst rUlllel i and sale of the Property. The notice shall further inform Borrower of the <br />right to reinstatc after ;cc('il'ration and the right to hring a court action to assert the non-existence of <br />a default or any other (:eh'ns(~ of Borrower to acceleration and sale. II' the default is not cured on or <br />before the date specified in the notice, Lender at its option nwy require immediate payment in full of <br />all SUIllS secured hy this Security InstrunH'nt without further demand and may invoke the power of <br />sale and any other rellledies permitted by Applicable Law. Lender shall be entitled to collect all <br />expenses incurred in pl1l'suing the remedies provided in tbLs Section 22, including, but not limited to, <br />reasonahle a(torl'eys' 1'(' ..'S and costs of titlr evidellee. <br />If the powei' 01' S;L ' j, invoked. Trustee shall reconl a notice of default in each county in which <br />any part of the Proper'v is located and shall mail topics of such notice in the manner prescribed by <br />Applicable Law 10 Bonowrr and to the other persons prescribed by Applicable Law. After the time <br />required by Applicable L:IW. Trustee shall give public notice of sale to the persons and in the manner <br />prescribed by Applicable Law. Tmstee, without demand on Borrower, shall sell the Property at <br />public auction to the hi;:,lll'st bidder at the time and place and under the terms designated in the <br />notice of salt in Olll' or :llOlT pan~c1s and in any order Trustee determines. Trustee may postpone sale <br />of all or any pai'cd of th,' Property by public ~lllnouncement at the time and place of any previously <br />scheduled sale. IA'I](ler ''I' its designee may purchase the Property at any sale. <br />Upon receipt or W',I'll1ent of the price bid, Trustee shall deliver to the purchaser Trustee's deed <br />conveying the Property. Till' redtals in the Trustee's deed shall be prima facie evidence of the truth <br />of the statenlents nwde 'lH'reiu. Tr1lstee shall .lpply the proceeds 01' the sale in the following order: (a) <br />to all costs :lI1d ('xl)('n,~i~ il/' exercising the power of sale, and the sale, including the payment of the <br />Trustee's fees actu:dl.\ i lrlrred and reasonable attorneys' fees as permitted by Applicable Law; (b) to <br />all slims se"tIred by t" s Security Instrulllent: and (c) any excess to the person or persons legally <br />entitled to it. <br />23. ReconV('yalice. IlpOll payrnent or ,tll sums secured hy this Security Instrument, Lender shall <br />request Trll:;(ee '0 l"'_'l"O'I\:Y lhe Property aile! shall surremkr this Security Instrument and all notes <br />evidencing deht :;ecuITci I',y Ihis Security Jnstnllnent to Tmstee. Trustee shall reconvey the Property <br />without warranty to the lll.'rsol1 or persons legally entitled to it. Such person or persons shall pay any <br />rceordation costs. Lendel Ii 1;IY charge sllch person or persons a ree for reconvcying the Property, but only <br />if the fee is p:lid 10 :.1 thi~'d party (such as the Trustee) for services rendered and the charging of the fee is <br />permitted under !\ppl;C:i' Ie Law. <br />24. SubstitLte "r1,/'e. Lender, at its oj\[illn, may rrOn1 lirne to tirne remove Trustee and appoint a <br />successor trustee 10 any' 'rustt'e appointed hereunder by an inslrument recorded in the county in which this <br />Security Instrument is reo:ded. Without eonveY;lI1ee of the Property, the successor trustee shall succeed to <br />all the title, power and d\ltil~s conferred upon Trustee herein and by Applicahle Law. <br />25. Request 1'01' "I, t:'~es. BorrowlT requests that copies 1)[' the notice of default and sale be sent to <br />Horrower's addrcss w:lie]l: thl' Properly Address. <br /> <br />InitifllS: <br /> <br />rrr_.A <br /> <br />0110252081 <br /> <br />G-6(NE) I04071.U' <br />(iz.) <br /> <br />rauc 1::3 of 15 <br /> <br />Form 3028 1/01 <br />
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