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201007345 <br />by any governmental or regulatory authority, or any private party, that any removal or other remediation <br />of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary <br />remedial actions in accordance with Environmental, Law. Nothing herein shall create any obligation on <br />Lender for an Environmental Cleanup. <br />NON-UNIFORM COVENANTS. Borrower and Leader further covenant and agree as follows; <br />22. Aeration; Remedies. Lender shall give notice to Borrower prior to acoeleratlan following <br />Borrower's breach of any covenant or agrcemeut in this Security Inst>1lumeat (but not prior to <br />acceleration under Section i$ unless Applicable Law provides otherwise). The notice shall spedfy: (a) <br />the default; (b) the acdon required to cure the default; (c) a date, not less than 30 days from the date <br />the notice is given to Harrower, by which the default mnst be cured; and (d) that failure to cure the <br />default on or before the date spedtled in the nodce may result In acceleradan of the sums secured by <br />this Security Instrument and sale of the Property. The notice shall further inform Borrower of the <br />right to reinstate aftce acceleration and the right to bring a court acdon to assert the nonce of <br />a default or any other defense of Borrowe»• to acceleration and sale.lT the default i$ not cured on or <br />before the date specified in the nodce, Leader at its option may require Immediate payment fun full of <br />all sums secured by this Security Instrument without flvrther demand and nosy bavoke the power of <br />sale and any other remedies permitted by Applicable Law. Lender shall be entitled to collect all <br />expenses incurred im pursuing the remedies provided iln this Secdam 22, including, but not limited to, <br />reasonable attorneys' fees and costa of title evidence, <br />>g the power of sale is invoked, Trustee shall record a notlce of default im each county in which <br />any part of the Property is located and shall mail copies of such notice in the manner prescribed by <br />Applicable Law to Borrower and to the other persons prescribed by Applicable Law. After the time <br />required by Applicable Law, Trustee shall give public nodce of sale to the persons and in the manner <br />Prescribed by Applicable Law. ltuatce, without demand on Borrower, shall sell the Property at <br />public auction to the highest bidder at the time and place and under the terms designated in the <br />notice of sale in one or more creels and in any order Trustee determines. Tnuitee may postpone sale <br />of all or any parcel of the Property by public announcement at the time and place of any previously <br />scheduled sale„ Lender or its 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 <br />conveying the Property. The redtals is the Trustee's deed shall be prhna fade evidence of the truth <br />of the statements made therm. Trustee shall apply the proceeds of the sale in the followbig order: (a) <br />to all casts and expeusc~ of exerdsing the power of sale, and the sale, including the payment of the <br />Trustee's fees achtally incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to <br />all some secured by this Security Instrum~t; and (c) any excess to the person or persons legally <br />entitled to it. <br />23. Recanveyance. Upon payment of all stuns secured by this Security htstrument, Lender shall <br />request Trustee to rcconvey the Properiy aixi shall surrender this Security Instrument and all notes <br />evidencing debt secured by this Security Instrtment to Trustee. Tntstee shall reconvey the Property <br />without warranty to the person or persons legally entitled to it. Such person or persons shall pay any <br />recordation costs. Lender may charge such person or persons a fee for reconveying the Property, but only <br />if the fee is paid to a third party (such as the Trustee) for services repdered and the charging of the fee is <br />permitted under Applicable Law. <br />24. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a <br />successor trustee to any Trustee appointed hereunder by an instrument recorded ir~l the county in which this <br />Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to <br />all the title, power and duties conferred upon Trttstee herein and by Applicable Law. <br />?,5. Request for Notlcxs. Borrower requests that copies of the notice of default and sale be sent W <br />Borrower's address which is the Property Address. <br />N R/1SKA -Single Family - Fanrda Mael/Fraddle Mao UNIFORM INSTRUMENT ~~1 <br />-e(NEI Ioet 11 Paps ~ 3 of 15 ~~nw: U~ Fo1'm 3028 1101 <br />