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Inst 97277995
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Inst 97277995
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Last modified
12/12/2006 10:16:40 AM
Creation date
5/1/2006 5:23:19 PM
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CM City Clerk-City Council
Document Date (6)
9/2/1997
Recorded Document Type
Deed of Trust
Retention
PERM
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<br />- <br /> <br />, <br /> <br />91211995 <br /> <br />pursuant to any power of sale contained in this Security Instrument; or (b) entry of a <br />judgment enforcing this Security Instrument. Those conditions are that Borrower: <br />(a) pay Lender all sums which then would be due under this Security Instrument and <br />the Note as if no acceleration had occurred; (b) cure any default of any other <br />covenants or agreements; (c) pay all expenses incurred in enforcing this Security <br />Instrument, including, but not limited to, reasonable attorneys' fees; and (d) take <br />such action as Lender may reasonably require to assure that the lien of this Security <br />Instrument, Lender's rights in the Property and Borrower's obligation to pay the sums <br />secured by this Security Instrument shall continue unchanged. Upon reinstatement <br />by Borrower, this Security Instrument and the obligations secured hereby shall <br />remain fully effective as if no acceleration had occurred. However, this right to <br />reinstate shall not apply in the case of acceleration. <br /> <br />15. Hazardous Substances. Borrower shall not cause or permit the presence, <br />use, disposal, storage, or release of any Hazardous Substances on or in the Property. <br />Borrower shall not do, nor allow anyone else to do, anything affecting the Property <br />that is in violation of any Environmental Law. The preceding two sentences shall not <br />apply to the presence, use, or storage on the Property of small quantities or <br />Hazardous Substances that are generally recognized to be appropriate for <br />maintenance of the Property. <br /> <br />Borrower shall promptly give Lender written notice of any investigation, claim, <br />demand, lawsuit or other action by any governmental or regulatory agency or private <br />party involving the Property and any Hazardous Substance or Environmental Law of <br />which Borrower have actual knowledge. If Borrower learns, or is notified by any <br />governmental or regulatory authority, that any removal or other remediation of any <br />Hazardous Substance affecting the Property is necessary, Borrower shall promptly <br />take all necessary remedial actions in accordance with Environmental Law. As used <br />in this paragraph 15, "Hazardous Substances" are those substances defined as toxic or <br />hazardous substances by Federal and State Laws and Regulations. <br /> <br />NON-UNIFORM COVENANTS. Borrower and Lender further covenant <br />and agree as follows: <br /> <br />16. Acceleration; Remedies. Lender shall give notice to Borrower and the <br />Senior Lien Holder prior to acceleration following Borrower breach of any covenant <br />or agreement in this Security Instrument. The notice shall specify: (a) the default; <br />(b) the action required to cure the default; (c) a date, not less than thirty (30) days <br /> <br />Mission Bell Retrofit <br />Deed of Trust <br />July 24, 1997 <br /> <br />Page 8 of II <br />
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