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201105217
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Last modified
7/18/2011 10:15:19 AM
Creation date
7/18/2011 10:15:18 AM
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DEEDS
Inst Number
201105217
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201�052�7 <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 sma11 quantities of Hazardous Substances that aze <br />generally recognized to be appropriate to normal residential uses and to maintenance of the <br />Property (including, but not limited to, hazardous substances in consumer products). <br />Bonower sha11 promptly give Lender written notice of (a) any investigation, claim, <br />demand, lawsuit or other action by any governmental or regulatory agency or private party <br />involving the Property 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, lealdng, discharge, release or threat of release of any Hazardous 5ubstance, and (c) any <br />condition caused by the presence, use or release of a Haza.rdous Substance which adversely <br />affects the value of the Property. If Borrower learns, or is notified by any governmental or <br />regulatory authority, or any private party, that any removal or other remediation of any <br />Hazardous 5ubstance affecting the Property is necessary, Borrower sha11 promptly 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; Remeciies. Lender shall give notice to Borrower prior to <br />accelerahon following Borrower's breach of any covenant or agr�ment in this Security <br />Instrument (but not prior to acceleration under 5ection 18 unless Applicable I.aw provades <br />otherwise). The notice shall specify: (a) the default; (b) the action required to cure the <br />default; (c) a date, not less than 30 days from the date the notice is given to Borrower, by <br />wluch the default must be cured; and (d) that failure to cure the default on or before the <br />date specified in the notice may result in acceleration of the sums secured by this 5ecurity <br />Instrument and sale of the Property. The notice shall further inform Borrower of the rlght <br />to reinstate after acceleration and the right to bring a court actlon to assert the <br />non-e�stence of a default or any other defense of Borrower to acceleration and sale. If tt►e <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 Security Instrument without <br />further demand and may invoke the power of sale and any other remedies permitted by <br />Applicable Law. Lender shall be enhtled to collect all expenses incurred in pursuing the <br />remedies provided in this Section 22, including, but not limited to, reasonable attorneys' <br />fees and costs of title evidence. <br />If the power oF sale is invoked, Trust� shall record a not�ce of default in eact► county <br />in �vluch any part of the Property is located and shall mail copies of such not�ce in the <br />manner pr�cribed by Applicable Law to Borrower and to the other persons prescribed by <br />Applicable Law. After tt►e time requu�ed by Applicable Law, Trustce shall give public <br />notace of sale to the persons and in the manner prescribed by Applicable Law. Trust�, <br />without demand on Borrower, shall sell the Property at public auction to the lughest bidder <br />at the time and place and under the terms deisgnated in the notice of sale in one or more <br />parcels and in any order Trustee determine.s. Tavstee may postpone sale of �11 or any <br />�B�s� — Single Family — Feonte Mae/Freddle Mac iJATIFORM INSTRi1MENT Form 30Z8 1/0 � <br />GCC - G302&16 (09/Ol) (Page 16 of 19) Iniiials: —.�� <br />
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