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200801439
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200801439
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Last modified
2/22/2008 2:37:04 PM
Creation date
2/22/2008 2:19:20 PM
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DEEDS
Inst Number
200801439
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<br />," <br /> <br />200801439 <br /> <br />," <br /> <br />by any governmental or regulatory authOrity, or any private party, thAt any mnoval or other remediation <br />of any HazardouS SUbstance affectiJ)g the Property is necessary, Borrower shall promptly take all necessary <br />remedial actions in accordance with Envimmnental Law. Nothing herein shall create any obligation on <br />Lender for an Environmental Cleanup_ <br />NON-UNIFORM COVENANTS. Bonower and Lender further covenant end i'lgree as follows; <br />22. AtteleratioQ; Remedies. Lender 5ball give notice to Borrower prior to acceleration following <br />Borrower'S breacb of any covenant or agreement in this Seturity Instrument (but not prior to <br />accderation under Section 18 UDless Applicable Law provides Otherwise). The notice shall .specify: (a) <br />the default; (h) the acti<m required to cure t.b.e detaulC; (e) a date, not less than 30 days t\'om the date <br />the nl)l:ice is given to :Borrower. by which the deta'Ult must be cured; and (d) that failure to cure tbe <br />default on or before the date speeltled in the noUce may Ke5Ult in acceleration of the sums secw-ed by <br />this Security Instrument and sale of the hoperty. The notice shall further infonn Bonower of tbe <br />right to reinstate alte);'" a~~e1eration and the right to bring a court a~ioD. to assert the oon-existence of <br />a default or any other dete:o.se of Bon-ower to acceleration and .sale. H the default is Dot cm-ed on or <br />before the date specified in the noti~e~ Lender at its option may require immediate payment in full of <br />~ all sums secured by this Security Inst:ru:ment without further demand and inay invoke the power of <br />~"'" sale and any other remedies ~tted by Applicable Law. Lender shall be entitled to collect all <br />(> <br />)~ 1":';'6 ~es incurred iQ pUl"Sl1ing the remedies prOvided iD tbls Section 22, including, but not limited to, <br />~<tb ~- reasonable attorn~' fees BDd costs of title evidence. <br />~,~ ~. If the power of sale i$ lnvoked, Trustee shall record a notice of default in each county in which <br />i.~ II:~ ~ part of the Property is located and shall mail <<,~es of such notiee In the manner prl';'jcribed by <br />~Jf?> ::. 1\pplkable Law to BoITower and. to the other ~ns prescribed by Applicable Law. After the time <br />'f2'f;"'.J.:"': required by Applicable Law, Trustee sbaU give Public notice of sale to the .l?ersons and in the manner <br />: ..~C'; PX'e>cribed by Applicable Law. 'n-ustee. without demand on Borrower, shall sell the Property at <br />\I.e. public lIuction to the hlghest bidder at the time and place and under the terms d~gnated in the <br />notice of sale in one or more parcels and in any order Trustee determines. T.l'U5tee may postpone sale <br />of all or any parcel of the Property by pubHc announcewent at the time and place of any previously <br />st:heduled sale. Lender or it$ designee may purchase the Property at any sale. <br />Upon receipt of pay:tDcnt 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 tacie evidence of the truth <br />of the statements made therein. 'l'rustee shall apply the proceeds ot the sale in the following order; (a) <br />to all costs llI;\d expenses of exercising the power of sale, and the sale, including the .,ayment of the <br />Trustee's fees actually incurred and reasonable attorneys' fees as pumitted by Applicable Law; (b) to <br />all sums secw-oo by this Security Iostru:rnent; and (~) any excess to the person or persons legally <br />entitled to it. <br />23. Reconveyance. Upon payment of all Sums secured by this Security Instrument, Lender shall <br />request TJ;l.l.Stee to reconvey the Property an(I. shall surrender this Security Instrument and all 110tes <br />evidencing debt secured by this Security lDstr\1D1e'J:1t to Trostee. Trustee shall reconvey the 'Property <br />without warranty to the person Or persons legally endtied to it. Such perSOn or persons shall pay any <br />recordation C05ts. Lender may charge $uch person or pe'{SODS a :fee for reconveying \'he Property. bur only <br />if the fee is paid to a third :party (such as thE lIustee) for services rendered and the charging of the fee is <br />pemtitted under Applicable Law. <br />24. Substitute Trustee. :Lender, at i1'8 option, may from time to time remove Trustee and appoint a <br />SuCceSSOr trustee to any T:rustee appointed hereunder by an inst.ru.rnenr recorded in the county in which this <br />Security InstrUment is recorded. Without conveyance of the Property, the successor tnJ5tee shall succeed to <br />all the title. power and duties conferred upon Trustee bOIein and by Applicable Law. <br />25. Reque$t for NOtices. Borrower requests 'Chat copies of the: notice of default and sale be sent to <br />Borrower's address which is the Property Addte$s. <br /> <br />.. -GINE) (0005) <br />@ <br /> <br />~(J'l-.rr;fti.18' 1'0/,,( q <br />PoIIl"'" of 15"" For",3028 1/01 <br />
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