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<br />200700001
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<br />Borrower shall not cause or pennit the presence, use, disposal, storage, or release of any Hazardous
<br />Substances, or threaten to release any Hazardous Substances, on or in the Property. Borrower shan not do, nor
<br />a1\ow anyont: dst: to do, anything afft:cting tht: Property (a) that is in violation of any Environmt:ntal Law, (b)
<br />whil:h creates an Environmental Condition, or (l:) whil:h, dUl: to tht: prt:st:nl:t:, ust:, or rdt:ast: of a Hazardous
<br />Substanl:e, l:rl:atcs a l:ondition that adversdy affects the value of the Property. The preccding two sentences
<br />shall not apply to the presence, use, or storage on the Propt:rty of small quantities of Hazardous Substances that
<br />are generally recogni7,ed to be appropriate to normal rt:sidt:ntial ust:s and to maintenance of the Property
<br />(induding, but not limited to, hazardous substances in consumer products).
<br />Borrower sha1\ promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit or
<br />otht:r adion by any governmental or regulatory agency or private party involving the Property and any
<br />Hazardous Substance or Environmental Law of which Borrower has adual knowledge, (b) any Environmental
<br />Condition, induding but not limited to, any spilling, leaking, discharge, release or threat ofrelease of any
<br />Hazardous Substance, and (c) any condition caused by the presence, use or release of a Hazardous Substance
<br />which adversely affects the value of the Property. If Borrower learns, or is notitied by any governmental or
<br />regulatory authority, or any private party, that any removal or other remediation of any Hazardous Substance
<br />affecting the Property is nccessary, Borrower shall promptly take all necessary remedial actions in accordance
<br />witb Environmental Law. Nothing herein shall create any obligation on Lender for an Environmental Cleanup.
<br />NON-UNIFORM COVENANTS. Borrower and Lendcr furthcr covenant and agree as follows:
<br />22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following
<br />Borrower's breach of any covenant or agreement in this Security Instrument (but not prior to acceleration
<br />under Section 18 unless Applicable Law provides otherwise). The notice shall specify: (a) the default; (b)
<br />the action required to cure the default; (c) a date, not less than 30 days from the date the notice is given to
<br />Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the
<br />date specified in the notice may result in acceleration of the sums secured by this Security Instrument and
<br />sale of the Property. The notice shall further inform Borrower of the right to reinstate after acceleration
<br />and the right to bring a court action to assert the non-existence of a default or any other defense of
<br />Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice,
<br />Lender at its option may require immediate payment in full of all sums secured by this Security
<br />Instrument without further demand and may invoke the power of sale and any other remedies permitted
<br />by Applicable Law. Lender shall be entitled to collect all expenses incurred in pursuing the remedies
<br />provided in this Section 22, including, but not limited to, reasonable attorneys' fees and costs of title
<br />evidence.
<br />If the power of sale is invoked, Trustee shall record a notice of default in each county in which any
<br />part of the Property is located and shall mail copies of such notice in the manner prescribed by Applicable
<br />Law to Borrower and to the other persons prescribed by Applicable Law. After the time required by
<br />Applicable Law, Trustee shall give public notice of sale to the persons and in the manner prescribed by
<br />Applicable Law. Trustee, without demand on Borrower, shall sell the Property at public auction to the
<br />highest bidder at the time and place and under the terms designated in the notice of sale in one or more
<br />parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the
<br />Property by public announcement at the time and place of any previously scheduled sale. Lender or its
<br />designee may purcbase the Property at any sale.
<br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed
<br />conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the
<br />statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all
<br />costs and expenses of exercising the power of sale, and the sale, including the payment of the Trustee's
<br />fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to all sums
<br />secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it.
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<br />~rlli~llml~i"rlrliliilli~ifiil~~ilil~mll ~ac UNIFORM INSTRUMENT
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<br />}<'orm 3028 lIOl (paw? I2 of 13 par;es)
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