10-28-1996 Council Packet - Laserfiche WebLink

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20. llatmJoiis Sulisti. Borrower ifinll not cause or permit tlie presence, use. «. storaQC. or release of any llaiarilous Substances on or In the Properly Borrower slioll r>ot do. nor aHow ally one else to do. anytliino affeclir^g Itie Property tirat is in viotatinn cf any Environmental taw. The preceding two senlcnces tliall not ai>ply to Ifta prtsarKe. use. or slurrKjc on il»e PiopoftY of small riunniities of Hazardous Substances tlial are generally recognived to be apr^'opilAtc lo nnnn.ll fr>^ijnnii,il uses a«»d lo ntAinlcitaitco of ll»c Properly. Donovyof shall pronipily qivc Lrtulcr wniten noltce of any invnsligatiuit, claini. dematMl. lawsuit or oilier action by any fjiiverrMtiental or rrjntalory ayrnicy or private party Hivolvir>g the Property and any Hazardous Substance or Envirntunetilal law of • diicfi Borrower fier actual fcnowlcdije If Borrower learns, or is nolified by any governincnlal or reynlatory nuthoflty. nal any removal m otiicr trinedialion of any Hazardous Substance alfcclino Ute Property is necessary. Borrower liall promptly lake oH necessary remedial actions in accordance with Environmental law. As used III this ’araijrapli 20. 'Hazardous Sufislances' are those substances defined os tome or liazanlous siibslartccs by Enviroi ncniol law and llwj fuHowing substances; gasoline, kerosene, other ftammablc or tonic pelrolcuin rrodiicls. Ionic pritn ides anil heil icides. volatile solvents, rnalerials coutaiiiiug asbestos or fotnioUchyde. and radioactive uialcnals . s iisr»d in this Paiaijiaph 70. "Eiivironrncnlal law* nieaiis federal laws and laws of tire jurisdiction where the Property is I cotr^d that relate to licallh. safety or enviroiuncnlal protection. MON UNirOHM CO’ EMANTS Borrower and lender further covenant and agree as folfows- 21. Acceleration: Reinedies. lender sliafl give notice to Borrower prior lo occelerelion follawii^g Borrower ’s breach of nny covenant or oijieemcnt In this Sociiiily liistniinonl fbiit not prior to occelmatlon iindor Porngrapli 17 unless npptii atil«* law pioviilrs olhrrwisn| The notire shall specify! (a) the tiofaiiil. (hi llto acllun reifuired lo cure the defanll; (r.| a if.ur. nnl Irss iltau 10 d.iys froiii llie il.ite llie notice is given lo IliHriiwrr. by wliii;li the defitnll rnnst be rnrerl; and till that f.i.luic lo ciire the drl.nill nn or licfiNe the dale spcciiied in the iiulice may result in arrelnalion of Itie sums scriired by this Secinily Inslninienl and sale of the Property, lb# notice sliall fnilher inform Borrower of the right lo reinstate alter nrcelerafion nnrl the riijlit to biinrj a coirit action to assert the non esiilcnca of n dpfaull or any other defense of Borrower to acceleration ami safe If the iti.daull is not cureil on or before the dale specilied in the tvolice. Lrnifrr at its rplio.; may re«|iiife imnicifiale paynicnl in lull of oil sums secured by litis Sociirily Instillment williont fur liter ifeiiiand omi may invoke the power of sale and any other temedios penniltod by opplicniile law. lender shall be ciitilleil lo collect nil cspciiscs iiiciiitod in pursuing the rcii.edics provided in this Porngraph 21. Incliiiliiig. but not liiiiiled to. fcnsim.ihio atlnineys* fees. II Lender invokes llie power of sale, lenrfer shall cause a copy of • notice of sale lo be served upon any person in possession 4>f the Properly, lender shall publish a notice of sale, end Itie Property shall be told el public auction In the manner prescribed by nfiplicabte law. lemior or its designee mey purchase the Properly et any salt. Tlia procaeJs of Ilia sate sliatl lie applied in the following order: (a) to all ei|ienses of the solo. Including, bnl rsot Umiiad to. reasonalila otturneys' fees; (b) to all sums secured by tlus Security tnsirunieiil; and (cl any escess lo tha person or persons legelty enlitlttd to it. 22. Belonse. Upon payment of all siwus so»*urerl by lliis Security Instrument, lemfcr shall discharge Ihis Securit/ Instriimeitt. Borrower shall pay any recoutafinn costs, lender may charge Borrower o foe for releasing this Security Instrument, but only if tire fee Is paid lo e third party for services rer>dereJ and the chorging of llte (co Is permitted under applicable tow. 23. Waiver of Hornesicnrf Borrower waives all rtglil of homestead evemption In tlie Property. 24. Interest on Advances. Hie interest rale on advances made by leruJer under Paragraph 7 shall not exceed lire maximum rale allowed by applicable law. 23. Riders to this Security Iiislrumeiit. If one or more riders are executed by Borrower and rcci>nJed together with lliis Sccunty Inslninienl. the covenants and agrcemcnls of each such filler shall be incorporated Into and shall amend oiirl suppicmeni llio covenants ami agreements nf this Security InsInimonI ns if tlie ridcr(s) were a part of this Security Instrument. ICheck applicable line(s)| Adjustable Bale Rider Grarjuated Payment Bider Oaflooii Rider Olhcr(s) Ispecifyl CofKlominiuin Rider Plaruied Unit Development Rider Rato IrniMovemenl Rider 1 4 Family Rider Biweekly Payment Rider Secornf Home Rider BY SIGNING BELOW, Borrower accepts end agrees lo the terms and covenants contained In tills Security Initrumerit •nd In any riderls) executed by Borrower and recorded with It. Witnesses: ■{MiAjjiu. 9jYcit >IATHALIE GRAY __ (Scan •Borrower __ ISealj •Borrower __ ISeal) 'Borrower _ (Sealf Borrower ISpaca Below Tills Line For Acknowledgrnentl Stale of County of Hinwsorh HTllg^PlN Tills instrument wos acknowledged bolore me on, HaUiaUle Groy on uiwntirrioLl {lerBon AUOUgr 10, 1995 tdtuT DRAFTED BY: GREAT WESTERN MORTGAGE CORPORATION 9A51 CORBIN AVENUE NORTIIRIDGE, CA 9132A . .. (Sell. il«nyj f.t.x liiamtit) ol axtonUil (Signature of notarief officer) > Title (arxi Rank) My commission expires: FniMi 3021 9.'90 fp,tge 4 of 4 pages)