201103196 - Laserfiche WebLink

Browse

20i10319G adversely affects the value of the Property. The preceding trvo sentences shall not apply to the presence, use, or storage on the Property of small quantil3es of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property (including, but not limited to, hazardous substances in consumer produc�s). Borrower shall promptly give Lender wrItten notice of (aj any invesflgation, claim, demand, lawsuit or othec action by any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law of which Bonower has actual knowledge, (b) any Environmental Condition, 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 Borrower learns, or is notified by any governmental or regulatory authoriiy, or any private party, that any removal or other reraediaflon of any Hazardous Substance affecting the Property is necessary, $orrower shall promptly take all necessary remedial actions in accordance with Environmental Law. Nothing herein shall create any obligation on Lender for an Environmental Cleanup. NON-UNIFORM COVENAIVTS. Bonower and Lender further covenant and agree as follows: 22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement in this Secvrity Instrument (but not prior to acceleration under Section 18 unless Applicable Law provides otherwise). The notice shall spe�ify: (a) the default; (b) the action required to cure the default; (c) a date, not l�s 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. Tha notice shall further inform Borrower of 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 acceleration and sale. If the default is not cured on or befoze the date specified in the notice, Lender at its option may require immediate payment in full of all sums secured by this Security Instrument wrthout fiuther demand and may invoke the power of sale and any other remedies permitted by Applicable Law. Lender shall be eatitled to c;olle,et all expenses incurred in pursuing the remedies provideri in this Section 22, including, but not limited to, reasonable attorneys' fees and costs of title evidence. If the power of sale is invoked, Trustes shall record a notice of default in each county in which any part of the Property is located and shall mail copies of such notica in the manner prescribed by Applicable Law to Borrower and to the other persons prescribed by Applicable Law. Afiter the time required by Applicable Law, Trustee shall give public notice of sale to the persons 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 deisgnated in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any �B�$�! — Single Famlly -• Fennia MedFreddia Mea Ut�+ORM IN8TRU1�lVT Form 3028 ll01 GCC - G3028-16 (09/01) (Page 16 of19) Initials: