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<br />200702912 <br /> <br />DOC ID #: 00016552167503007 <br />Borrower shall promptly give Lender written notiee of (a) any invcmtiglltion, claim, demand, lawsuit or <br />other action by /lnY governmental or regulatory agency or private pal1y involving the Property /lnd any <br />Hazardous SubstllUce or Environmental Law of which Borrower has actual knowledge, (b) any Environmental <br />Condition, including but not limited to, any spilling, leaking, discharge, release Or threat of release of any <br />Hazardous Substance, and (c) any condition caused by the presence, use or release of a Hazardous Substanee <br />which adversely affects the value of the Property. If Borrower learns, Or is notified by any governmental or <br />regulatory authority, Or any private pal1y, that any removal or other remediation of any H87.ardou. Suhstance <br />aflecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance <br />with Environmental Law. Nothing herein shall create any obligatiol1 011 Lender for all Environmental Cleanup_ <br /> <br />NON. UNIFORM COVENANTS_ BorrOWllr aud Leudllf further covenant and agr.... as follows: <br />22 Acceleration; Remedi~ Lende.. .ball give notice to Bo........e.. p..io.. to acc..lel"8t1on following <br />Bo..rower's breach of any covenant or agreement in this Seenrity Instrument (but not prior to <br />acceleration unde.. Section 18 unl..... Applicable Law provides otherwiiJe), Tbe notice sball .pecify: (a) <br />the default; (b) the action requil'Cd to cure the default; (c) a date, not less than 30 days from the date the <br />notice i. given to BoI'l'OWer, by whicb the default mu.t be cm""'; and (d) that failn.... to cm.., the default <br />on or befol.., the date specified in the notice may result in acceleration of the .ums WCUI'1!cl by tbis <br />Security Instrument and sale of the Property. The notice shall further infonn Borrower of the right to <br />reinstate after acceleration lIIId the right to bring a court action to assert the DOlHxistence of a defllult <br />or any other defense of BolTOWer to IIccelerlltion and sale. If the default is not cured on or <br />before the date .peclfled In the notice, Lende.. alllll option may require immediate plIymenlln full of all <br />sums secured by this Secul"ity Instl"ument without further demand 1100 may invoke the powe.. of sale <br />and any otber remedies pemtltted by Applicable Law. Lender .haIl be entitled to coDed aD eJ(pen:ses <br />incurrn.lln pu.rs_ the remedies provided In thb S<<ti!ln n, Including. but not limi.ted to, nlasonal,le <br />atto......y.. fees and costs of title evidence. <br />If the power of sale Is Invoked, Tru.tee shall record a ootlce of default in each county in which any <br />plIrt of the Property is located and .ball mail copies of .ucb notice in the maDDer prescribed by <br />Applicable Law to Borrowl'-l" and to the other persons prescribed by Applicable .Law, Afte.. the time <br />requi..ed by Applicable Law, Trus..... shall give public: notice of sale to the penous and in the mllDDe.. <br />prescribed by Applicable Law. Trustee, withont demand on Borrower, shall wlI the Property at public <br />auction to the highest bidder .t tbe time and place and under the knns desl"rllted In the notice of sale <br />in one or more plIrcels and in any order Tnstee determines. T..ustee may postpone .ale of aU 0.. any <br />parcel of the Property by public anoormcement at the time and place of any previously scheduled sale, <br />Lender or its designee may purchase the Property lit IIny Sllle. <br />Upon I"Ccelpt of payment of the price bid, T....stee .hall delivel' to tbe purchllSl'-l" Trustee's deed <br />conveying the Property. The recitals in the Trustee's deed shall be prima f1lcie evidence of the truth of <br />the statements made therein. Trustee sbaD apply the proceeds of the sale in the following order. (a) to all <br />co.t. and expen:se. of exercisJng the powe.. of .aIe, and the .aIe. Including the payment of the Trustee's <br />fees actually iocu"I'Cd and reasonable attOI'neys' fees lIS pennltted b" Applicable Law; (b) to all .um. <br />secured by this Security In.t....ment; and (c) any excess to the penon 0.. penons legally entitled to it. <br />23. Reconveyance. Upon payment of all sums sccured by this Security Instrument, Lender shall request <br />Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt <br />secured by this Security Instrument to Trustee_ Trustee shall reconvey the Property without wnmlnty to the <br />person or persons legally entitled 10 it. Such person or persons shall pay any recordation co.ts. Lender may <br />charge such person or person. a tee for reconveying the Property, but only if the fee is paid to a third party <br />(such as the Trustee) for services rendered and the charging of the fee is pennitled under Applicable Law. <br />24. Substitute Tru.tee. Lender, at it. option, may from time to time remove Trustee and appoint a <br />successor trustee to any Tru.tee appointed hereunder by an instrument recorded in the county in which tbis <br />Security Instrument i. recorded. Without conveyance of the Property, the SUccessor trustee shall succeed to all <br />the title, power and duties conferred upon Trustee herein and by Applicable Law. <br />25. Request for Notices. Borrower requests lhal copies of the notice of default and sale be sent to <br />Borrower's address which is the Property Addn,ss. <br /> <br />GIt,#(NE) (04On <br /> <br />CHI.. (08108) <br /> <br />Page 100fll <br /> <br />Form 3028 1101 <br />