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201103760
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Last modified
5/25/2011 8:49:45 AM
Creation date
5/19/2011 9:35:19 AM
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DEEDS
Inst Number
201103760
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20110376 <br />adversely affects the value of the Property. The preceding two sentences shall not apply to the <br />presence, use, or storage on the Property of small quanHties of Hazardous Substances that are <br />generally recognized to be appropriate to normal residenflal uses and to maintenance of the <br />Property (including, but not limited to, hazardous substances in consumer products). <br />Borrower shall promptly give Lender written noflce of (a) any invesflgation, claim, <br />demand, lawsuit or other acflon by any governmental or regulatory agency or private party <br />involving the Properly and any Hazardous Substance or Environmental Law of which Borrower <br />has actual knowledge, (b) any Environmental Condition, including but not limited to, any <br />spilling, leaking, discharge, release or threat of release of any Hazardous Substance, and (c) any <br />condition caused by the presence, use or release of a Hazardous Substance which adversely <br />affects the value of the Property. If Bonower learns, or is notifled by any governmental or <br />regulatory authorlty, or any private party, that any removal or other remediation of any <br />Hazardous Substance affecting the Property is necessary, Borrower shall prompfly take all <br />necessary remedial actions in accordance with Environmental Law. Nothing herein shall create <br />any obligation on Lender for an Environmental Cleanup. <br />follows: <br />NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as <br />22. Acceleration; Remedies. Lender shall give notice to Borrower prior to <br />acceleration following Borrower's breach of any covenant or agreement in this Security <br />Instrument (but not prior to acceleration under Section 18 unless Applicable Law provides <br />otherwise). The notice shall specify: (a) the default; (b) the action required to cure the <br />default; (c) a da.te, not less than 30 days from the date the notice is given to Borrower, by <br />which the default must be cured; and (d) that failure to cure the default oa or before the <br />date specified in the aotice may result in acceleration of the sums s�ured by this Security <br />Instrumeat and salc of the Property. Tha notice shall further inform Borrower of the right <br />to reinstate after acceleration and the right to bring a court action to assert the <br />non-existence of a default or any other defense of Borrower to acceleration and sale. If the <br />default �s not cured on or before the date specified in the notice, Lender at its option may <br />require immediate payment in full of all sums secured by this S�urity Instrument without <br />fiuther demand and may invoke the power of sale and any other remedies permitted by <br />Applicable Law. Lender shall be entitled to collect all expenses incurred in pursuing the <br />remedies provided ia this Se�ction 22, including, but not limit� to, reasonable attorneys' <br />fe�s and costs of title evidence. <br />If the power of sale is invoked, Trustee shall record a notice of default in each county <br />in which any part of the Property is located and shall mail copies of such notice in the <br />manner pre.gcribed by Applicable Law to Borrower and to tha other persons presctiberl by <br />Applicable Law. After the time required by Applicable Law, Trustee shall give public <br />notice of sale to the persons aad in the manner prescribed by Applicable Law. Trustee, <br />without demand on Borrower, shall sell the Property at public auction to the highest bidder <br />at the time and place and under the terms deisgnated in the notice of sale in oae or more <br />parcels and in any order Trustee determines. Trustee may postpone sale of all or any <br />1�TE$RA$I� — Single Family - Famia Mae/Fraddia Maa UHIFORM INSTAUMENTP Fotm 3028 ll01 °� � <br />GCC - G3028 (09/Ol) (Page 16 ofl9) Initials: <br />� � <br />J " ' '� <br />
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