201100284 - Laserfiche WebLink

Browse

�oiioo�s4 adversely affects the value of the Paroperty. The preceding two sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to ma�ntenance of the Property (including, but not lirnited to, hazaxdous substances in consumer products). Borrower shall promptly give I..ender written notice of (a) any investigation, claim, demand, lawsuit ar other action by any governmental or regulatory agency or private party involving the Property and any Hazazdous SubsCance or Environmental Law of which Borrower has actual knowledge, (b) any Environmental Conditian, including but not limited to, any spilling, leaking, discharge, release or threat of release of any Hazardous Substance, and (c) any condition caused by the presence, use or release of a Hazardous Substance which adversely affects the value of the Property. If Borrawer learns, or is noti�ed by any governrnental or regulatory authority, or any private party, that any removal or other remediation of any Hazardaus Substance affecting the Property is necessary, Borrower shall pramptly take all necessary rennedial actions in accordance with Environmental Law. Nothing herein shall create any obligation an L,ender for an Environmental Cleanup. follows: NON-UNTFORM COVENANTS. Borrower and L,ender further covenant and agree as 22. Acceleration; Remedies. Lender shall give notice to Borrower �rior to acceleration following Borrower's breach oF any covenant or agreement in this Secarity Instrument (but not prior to acceleration under S�ction 18 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 acceleratian of the sums secured by this Security Instrument and sale oF the � The notice shall further inform Borrower af the right to reinstate after acceleration and the right to bring a court action to assert the non-existence of a default or any other defense of Borrower to acceleratian and sale. If the defaalt is not cured on or before the date sPeci�ed in the notice, Lender at its aption may require immediate payment in full of al1 sums secured by this Security Instrument without further demand 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 parsuing the remedies provided in this Section 22, including, but not limited to, reasonable attorneys' fees and costs of title evidence. If 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 shall mail copies oF such notice in the manner prescribed by Applicable Law to Borrower and to the other persons prescribed by Applicable Law. After the time required by Applicable Law, Trustee shall give pablic notice of sale to the Persans and in the manner prescribed by Applicable Law. Trastee, without demand on Barrower, shall sell the Property at public auction to the highest bidder at the tirne and place and under the terms deisgnated in the notice of sale in one or mare parcels and in any arder Trustee determines. Trustee may postpone sale of all or any �' ��..5� -- Single Farnily -- Fannie MaelFreddle Mac UNIFORM INSTRUMENT Form lOZB J'7 /` GCC - G3028-]6 (09/Ol) (Page 16 af 19) Initials: �� ^��