<br />200707405
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<br />jurisdiction where the Property is located that relate to hcalth, satdy or environmental protection; (c) "EnvironnH:ntal
<br />Clcanup" includes any response action, remedial action, or removal action, as defined in Environmental Law; and (d) an
<br />"[::nvironmcntal Condition" means a condition that can cause, contribute to, or otherwise trigger an Environmcntal Cleanup.
<br />Borrower shall not cause or pennit the presence, use, disposal. storage, or release of any Ha7;ardous Suhst;lllees, or
<br />lhrC<lten (0 release any H:1zardous Substances, on or in the Propeliy. BOIT()\ver shall not do, nor allow anyonc else to do,
<br />any tiling afti:cting the Propcliy (a) that is in violation of any Environmental Law, (b) which creates an Environlllental
<br />Condition. or (c) which, due to the presence, use, or rdease of a Hazardous Substance, creates a condition that advl.:rsely
<br />affects the value of the Propeliy. The preceding two sentences shall not apply to the presence, use, or storage on the Propl.:rty
<br />of small quantities of Hazardous Substances that are generally recognizcd to be appropriatl: to normal residcntial uses and (0
<br />maintenancc of the Property (including, but not limited to, ha7;ardous substances in consumer produds).
<br />Borrowcr shall promptly give Lender written notice of (a) any investigation, dainL dem:lIld, lawsuit or other action
<br />hv ;Inv gOYl.:rJlIllent:d or regulatory agency or private party involving the Property and any Hazardous Suhstallce or
<br />Ellvlronllll.:nlid Lm' of which Borrower has actual knowledge, (b) any r;.nvlnll1mental Condition, including but not lilnited tl.L
<br />any spilling, leaking, discharge, release or threat of release of any Hazardous Substance, and (c) any condition caused by the
<br />presence, use or release of a Hazardous Substance which adversdy affects the value of the Propeliy. If Borrower learns, or is
<br />notified by any goverlHnental or regulatory authority, or any private party, that any removal or other remediation of ,IllY
<br />l-LlZardOllS Substance atfecting the l'ropeliy is necessary, Borrower shall promptly take aU necessary rellledilll actions III
<br /><lccol\lance with Envirolllllental Law. Nothing herein shall create any obligation on Lender for an Environmental Cleanup.
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<br />NON-lJN I 1"ORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's
<br />hreach of any covenant or agreement in this Security Instrument (but not prior to acceleration under Section III
<br />unless Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure
<br />the default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default llluSt
<br />he cllred; and (d) thai failure to cure the default on or before the date specified in the notice may result in acccleralioll
<br />of the SUIllS secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of
<br />th(' right to reinstate after acceleration lllld the right to bring a court action to assert the non.existence of a defaull or
<br />any other defense of Borl'l)we," to acceleration and sale. If the default is not cured on or before the date specitied ill
<br />the notice, Lender at its option may re(luire immediate payment in full of all sums secured by this Security Instrument
<br />without further demand and may invoke the power of sale and any other remedies permitted by Applicable Law.
<br />Lender shall he entitled to collect all expenses incurred in pursuing the remedies provided in this Sedion 22,
<br />inchl(ling, hut not limited to, reasonable attorneys' fees and costs oftitle evidence.
<br />If the power of sale is invoked, Trustee shall record a nonce of default in each count)' in which any part of the
<br />Property is located and shall mail copies of such notice in the manner prescribed by Applicable Law to Borrower and
<br />to (he other persons prescribed by Applicable Law. After the time required by Applicable Law, Trustee shall give
<br />puhlic notice of sale to the persons and in the manlier prescribed by Applicable Law. Trustee, without demand on
<br />Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the t(!rms
<br />designated in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone
<br />sale of all or any parcel of the Property by publie announcement at the time and place of any previously scheduled
<br />sale. Lend(T or ils designee may purchase the Property at any sale.
<br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the
<br />Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein.
<br />Trustee shall llllply the proceeds of the sale in the following order: (a) to all costs and expenses of exerdsing the
<br />power of sale, and the sale, including the payment of the Trustee's fees actually incurred and reasonable attorneys'
<br />fees as permitted hy Applicable Law; (b) to all sums secured by this Security InstrullIent; and (c) any elcess to the
<br />person or Jlersnns legally entitled to it.
<br />23. Reeonveyallce. Upon payment of all sums secllr<..:d by this Se<..:urity Iustrllrn<..:nt, Lender shall reCJuest TrllSll'c to
<br />rc<:onvey the Propcrty <lnd shall surrender this Security Instrument and all notes evidencing debt seeurcd by this Seeurity
<br />
<br />IDan No: 127317292
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<br />Initials: _ _ _ _
<br />MERS 'Vlodifkd Furlll302X 01/01
<br />
<br />"<'IlI'aska Dt'ed ofTrust~Sillgk Family-Fannie Mal~/Freddie Mac UNIFORM INSTRUI\JENT
<br />-TilE CO~II'I.IANCE SOUIWE, INc.- Page 12 of 13
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