200802938 - Laserfiche WebLink

Browse

200802938 by any lovcmtnent3l or regulatory authority. or any privato party. that an.y removal or other remediation of any Hazardous Sub5taneo 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 Oemup. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 22. Acceleration; Remedies. Lender shall give notice to )Jorrower prior to acceleration ronowinl BOlTOwer's breach of any covenant or agreement in this Secllrity Instrument (but not prior to accelc.-ation IU1der Semo1l18llDless Applicable Law provides otberwise). 1'hc: potice shaD specify: (8) the defanlt; (b) the action required to c:ure the default; (e) a date, not less than 30 days from the date the notice is given to Borrower. by wbitb the default must be cured; and (d) that fallure to cure the default on or before !be date specified in the notice may result in acceleration of the sumS secured by this S~ty Instnunent and sale of the Property. '!be notice shall further infonn Borrower of the rlpt to tebutate after ac:celeration and the right to bring a court action to assert tbe non-eJdstence ot a default or any other defense of Borrower to ~cc1era.tion and sale. It the default is not cured on or before the date speclfied in the DOtice. Lender at its option may require immediate payment in full of all sums secured by this Security Instrument without turtl1llt demud and may invoke the power of sale and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all expenses incurred in Pursuinl the remedies proYided in this Section 21, including. but Dot limited to. reasonable attorneys' fees and costs of title evidence.. It the power of sale i9 Invoked. Trustee sball record a notice of default in each county in which any part of the Property 1$ located and shall wail copies of sum uotice in the maDDer prescribed by AppHcabJe Law to Borrower and to the other persons prescribed by Applicable Law. Mer the time requited by Applicable Law. Trustee shall give public notice of sale to the persODS and in the manner prescribed by Applicable Law. Trustee. without demand on Borrower. shall sell the Property at public auction to the hipest bidder at tbe time and place and under the terms designated in the notice of sale iu one or more parcels and in any order Trustee detennines. Trustee may postpone sale of aD or any parcel of the Property by public announccmeat at the time and place of any previously scheduled sale. Leader or its designee may purchase the Property at any sale. Upon receipt of payment of the price bid. Trustee shan deliver to tbe purdlaser Trustee's deed c:onveylDl the Property. The recitals in the Trustee's deed sban be prima facie evideace of the truth of the statements made therein. Trustee shan apply tbe proc:eeds of tlte sale in the following order: (a) to an costs and expenses of exercising the power of sale. and the sale, Includtnc the payment of the Trustee's fees actually illcurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to aU ,ums secured by this Security InstnllD.eDt; and (c) any excess to the person or persons legally entitled to it. 23. 8.econveyanc:e. Upon pa)'I'lent of all SUDlS secured by this Security Insb'WDent. Lender shall request Trustee to reconvey the Property and shall sUITeDder this Security Instrument and all notes e~idencing debt secured by this Security Inmumcnt to Trustee. Trustee shall reconvey the Property without warfanty to the person or persons legally entitled to it. Such pcrsOIl. 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 reIl.dered and the charging of the fee is permitted under Applicable Law. 24. Substitute Trustee. Lender. at its option. may from time to time remove Tt\lStee and appoint a successor ttustce to any Trustee appointed hereunder by an instrument record.ed in the county in which this Security Instrument is recorded. Without conveyance of the Property. the sw:c:essor tI\l.Stce shall succecc1 to all the title, power and duties confctrcd. upon Tmstee herein and by App1i~lc Law. 25. Request for Notices. Borroww requests that copies of the notice of default and sale be sent to Borrower's adc1ress which is the Property Address. 0110280022 CIl-t5lNEII00Kl71.02 Pili' 13 or 1$ lni~",~rm<<, y ~302. ,/0'