201008451 - Laserfiche WebLink

Browse

2o1oos45� by any gavernmental or regulatory authority, or any private party, that any removal or other remediation af any Hazardous Substance affecting the Froperty is necessary, Borrower shall promptly takc all necessary remedial actions in accardane� with Environmental Law. Nothing herein shall create any obligation on Lender fc>r an �nvironmental Cleanup. NON-iJNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Barrower's breach of any covenant or a�reement in this Security Instrument (but not prior to acceleration under Section 1$ unless APplicable Law provides otherwise). The notice shall speCify: (a) the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to reinstate after accelera�tion and the right to bring a court action to assert the non-existence of a default or any other defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, Lender at its option may require immediate payment in full of ��II sums secured by this Security Inskrument without furkher demand and may invoke the power of sale and any other remedies permikted by Applicable I.aw. I.ender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this Section 2Z, including, but not limited to, reasonable attorneys' fees and costs of title evidence. lf the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the Property is located and shalt mail copies of such notice in the manner prescribed by Applicable Law to Barrower and ta the other persans prescribed by Applicable Law. After the time required by Applicable Law, Trustee shall give public notice of sale ta the persans and In the manner prescribed by Applicable Law. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by publ�c announcement at the time �nd place of any previausly scheduled sale. Lender or its desi�nee m�y purchase the Praperty at any sale. Upon receipt of payment of the price bid, Trustee shall deliver ta the purchaser Trustee's deed conveyin� the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the fallowing arder: (a) to all costs and expenses of exercising the power of sale, and the sale, including the payment of the Trustee's fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. Z3. Reconveyance. Upon payment of all sums secured by this Security instrument, Lender shall request Trustee to reconvey the Prop�rty and shall surrender this Security Instrument and all notes evidencing debt secured by thi:± Sccurity Instrument to Trustee. Trustcc shall rcconvcy the Property without warranty to tlie perscm <�r persons lcgally entitled to it. Such person or pc:rsons shall pay any recordation costs. Lender may charge such person or persons a fce for reconveyiiYg tl�� Prop�rty, but anly if thc fee is p�id to a third party (such as the Trustee) for services rendered and the charging of the f�e is permitt�d undcr Applicable Law. 24. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee ta any Trustee appointed hereunder by an instrument recorded in the caunty in which this 5ecurity Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by Applicable Law. 25. Request for Notiees. $orrower requests that copies of the notice of default and sale be sent to Barrower's address which is the Property Address. � 1.111056206 i� �-S(NE) (oao�).o2 P�e 13 of 15 _ F0171'1 3OZS 1/01