89102202 - Laserfiche WebLink

Browse

rl�*SJ i -,s .++r�T,C" x"J. '✓` a1> n ig4 iy¢y` �9-j' 102202 19. Acceleration; Remedies. Lenders shall give notice to Borrowers prior to acceleration following Borrowers' breac of`j any covenant or agreement in this Security Instrument (but t prior to acceleration under paragraphs 13 and 17 unle s applicable law provides other). 'rhe notice shall specify: (a) the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the date the notice is given to Borrowers, by which the default must be cured; and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall further inform Borrowers of the right to reinstate after acceleration and the right to bring a court action to assert the ;n- existence of a default or any other defense of Borrowers to acceleration, and sale. if the default is not cured on or before the date specified in the notice, Lenders at their option may require immediate payment in full of all sums secured by this Security Instrument without further demand and may invoke the power of sale i.!nd any other remedies permitted by applicable law. Lenders shall be entitled to collect all exoenses incurred in pursuing the remedies provided in this paragraph 19, including, but not limited to, reasonable attorneys' fees and costs of title evidence. If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the Property is located and shall mail copies of such notice in the manner prescribed by applicable law to Borrowers and to the other Persons prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of sale to the persons and in the manner prescribed by applicable law. Trustee, without demand on Borrowers, shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale o- all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Lenders or their designee may purchase the Property at any sale. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the following or (a) to all expenses of the sale, including, but not limited to, Trustee's fees as permitted by applicable law and reasonable attorneys' fees; (b) to ali sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 20. Lenders; in Possession. Upon acceleration under paragraph 19 or abandonment of the Property, Lenders (in person,