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200606850 by any governmental or regulatory authority, or any private party, 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. Nothing herein shall create any obligation on Lender for an Environmental Cleanup. N eN- HNI-F0 RM- C(}Y~~~I~~-; __J?9El:~:'Y~t~~~~:~~_t:l~~~~ft1.r~h~~:~()',I~I1~l!:!:~!l~~.!!h'":l:~~:~_s_-.K()ll(1ws: 22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's br.each of any covenant or agreement in tillS Security Instl'llment (but not prior to acceleration unde,' Section 18 unless Applicable Law provides other'wise). The notice shall specify: (ll) the default; (b) the action required to cure the deflmlt; (c) a date, not less than 30 days from the date the notice is given to Borrower, by wlllch the default must be cured; and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums secured by this Security Instrument and snle 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 ilSsert the non-existence of a defnult or any other defense of Borrower to acceleration and salc. 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 SeclU'ity Instrument without further demand and may invoke the power of sale and any other remedies permitted by Applicable Law. Lender shnll be entitled to collect all expenses incurred in pm'suing the remedies provided in tillS Section 22, induding, 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 wlLich 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 manller prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell the Property at public auction to the ILighest 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 Trustee's deed conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the 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 exercising tile power of sale, and the sale, induding the payment of the Trustee's fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to all sums secured by tillS Security Instrument; and (c) any excess to the person or persons legally entitled to it. 23. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security 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 fee for reconveying the Property, but only if the fee is paid to a third party (such as the Trustee) for services rendered and the charging of the fee is permitted under Applicable Law. 24. Substitute Trustee. Lender, at its option, may fi'om time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by Applicable Law. 25. Request for Notices. Borrower requests that copies of the notice of default and sale be sent to Bor:rower'-s-address which is the Property Address. G-6(NE) (0005) @ InitlaIS:.2V 230099 Page 1 3 of 1 5 ~~ Form 3028 1/01