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98112833
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Last modified
3/13/2012 11:12:11 AM
Creation date
10/19/2005 9:01:12 PM
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DEEDS
Inst Number
98112833
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::�:� ___ <br /> � : . , . . . .. - ., . __ ...� <br /> � •�.rar«��s}��•f�r _ . . . .�,- � �.,,� ° <br /> q ti` �.�i ,. �,�y,'�! �.,. 4� -�n.s. <br /> _��'. ,�_.sp��,`'�`.�`�':i:gr»};���...� ��.°'.E:�it ly._1:..,d�'�v �s. - ...--- <br /> _..:�sf�.� �ri._wW' .�.a �L. _ <br /> ' g8� :�i 112833 <br /> Security Inetrument, including, but not limited to, reaeonable <br /> attoineye' feea; and (d) take such action as Lenders may reasonably <br /> require to aegure that the lien of this Security =netrument, <br /> Lendere' righCa in the Property and Borrowera' obligation to pay <br /> the aume secured by thie Security Instrument, ahall continue <br />. unchanged. Upon reinstatement by Borrowere, thi� SecuriCy _ <br /> Instrument and the obligations secured hereby sh'all remain Eully <br /> effective ae a.f no acceleration had occurred. However, thie right <br /> to reinatate ehall nat apply in the case of acceleration. <br /> 15. Acceleration; Remedies. Lenders ehall give notice to <br /> Horrowers pz�ior to acceleratir�n following eorrowera' brearh of any <br /> covenant or agxeement in thie Security Inetrument (but not prior to <br /> acceleration under par.agrapha 9 and 13) . The notice ahall epecify: <br /> (a) the defaul�; (b) the acta.on required to cure the default; (c) <br /> a date, no� lesa than 30 days from the date the notice ie given to <br /> Horrowere, by which the default mus� be cured; and (d) that failure <br /> to cure the default on ar befare the date apecified in the notice <br /> may regult in acceleration of the sume 'secured by thie Security <br /> Instrument and eale of the Property. The notice ahall further <br />- inform 8orrowers of the right to reinstate aEter acceleration and <br /> �he right to bri.ng a court act ion to asaert the nan-existence of a <br /> default or any other defense of Borrowers to acceleration and eale. <br /> If Che default ie not cured on or before the date apecified in the <br /> notice, Lenders at their option may require 9.mmediate payment in <br /> full of all suma secured b�r thie Security Tnatrument without <br /> further demand and may invoke the power of gale and any other <br /> remedies permitted by applicable law. Lendere ahail be entitled to <br /> collect all expenses incurred in purstting the remediea provided in <br /> thin naragranh 19, including, but not limited to, reasonable : <br /> attorrieys' �eea and coets of titie evidence. <br /> If the power of eale iR �invoked, Trustee shall record a <br /> notice of default in each county in which any part of the Property <br /> ie located and sha11 mail copies of auch notice i.n the manner <br /> preecribed by applicable law to Sorrowers and to the ather pereons <br /> preecribed by applicable law. After the time r�quired by <br /> appli.cable law, Trustee ehall give public notice of sale to the <br /> pexeons and in the manner prescribed by applicable law. Truetee, <br /> without demand on Borrowere, ehall sell the Property at public <br /> aucti.on to the highest bidder at the time and place and under the <br /> terma designated in the notice of sale in one or mare parcels and <br /> in any order Truetee determine a. Truetee may poetpone sale of all <br /> or any parcel of �he Property by public announcement at the tiime <br /> and place of any previous].y scheduled eale. Lenders or their <br /> designees may purchase the Property at any sale. <br /> Upon receipt of payment of the price bid, Trus�ee ehall <br /> deliver Co the purchaser Trustee'e deed conveying the Property. <br /> The xecitals in the Trustee's deed.shall be prima. facie �vidence of <br /> the truth of the sLatements made therein. Trustee sha11 apply the <br /> proceeds of the s�le in the following order: (a) to all expenees <br /> of the eale, including, but not limited to, TrusteE's fees ae <br /> permitted by applicable law and reasonable attorneys' fees; (b) to <br /> all sums aecu�ed by this Security Instrument; and (c) any excess to <br /> the peraon or persons legal].y entitled to it. <br />- 16. Lendex in Poseeasion. Upon acceleration under paragraph <br /> 15 or abandonment oE the Properey, Lenders (in person, by agent or � <br />- by judicially appointed receiver) sha�.1 be entitled to enter upo�x, <br />- take possession of and manage the Pxoperty and to collect the renta - <br /> of the Property including those past due. Any rents collected by = <br />= L�ndere or the receiver ahall be �pplied first t� payment Qf the = <br />" costs of manaqement of the Property and collection of rents, = <br /> " including, but not limited to, receiver's fees, premiuins on <br /> ' receiver's bonda and reasonable attorneys' fee e, and then to the = <br />�� aume secured by this Security Inetrumerit. <br /> � - <br /> � _ <br /> � 5 <br /> I <br /> � <br />
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