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89103075
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Last modified
10/20/2011 2:44:47 AM
Creation date
10/20/2005 9:39:14 PM
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DEEDS
Inst Number
89103075
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NoN•UNifoRM C0VENA.XTS Borrower and Lender fut•th:r covenant and agr x as folio -89-t 103075 <br />19, Acceleration; Remedies. Leader shall Iiive notice to Borrower prior to *cceleratiup following Borrower's <br />Drsech of any covenant or *gre@aseat IN this Security Instrument (but not prior to acceleration under paragraphs 13 and 17 <br />unlm app11c4161e law provides otherwise). The notice shall specify: (a) the default; (b) the ttctlitt relliG'e4 to,cure the <br />default; (c) a date, not ew than 30 days float the date the notice is given to Borrower, by which the default must be cured; <br />and (d) that flour* to cure the default as or before the date specified is the notice may result to acceleration of the sums <br />ascrosi by this SKa ty Iratt�taesg a" sale Of the property. The notit:e shall further inform Borrower of the right to <br />reinstate after soceleretios and ire right to Was a court action to assert the nos-existence of a default or any other <br />defense of Borrower to aasleratWo and sale. It the default Is not cared on or before the date specified in the notice, Lender <br />at its opdos at*y relsim iasaediate ptiysa@at is hell of an stints *@cured by this Security Isstmmnt without further <br />dtnsaad and stay Invoke the power of sale and any other remOdk* P eradtted by applicable law. Leader shall be entitled to <br />collect all expenses saewred in persufag the remedies provided is this paragraph 19. iacludiag, but not limited to. <br />reasonable attorneys' fees and costs of title evidence. <br />If the power of sale is Invoked. Trustee shall record a Notice of default is each county is which ANY part of the <br />Property is located and *bail trail C*Pks of such notice in the taaaner prescribed by applicable law to Borrower and to the <br />other persons Prescribed by appliceW law. After the .time required by applicable law, Trustee shall give public notice of <br />sale to. the persons and is the maaaer prescribed by applicable law. Trustee, without demand on Borrower, shall sell the <br />PrOPt"Y at Public auction to the highest bidder at the time and place and under the terms designated In the notice of sale in <br />one or tngre parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by <br />public aattotnntcaitednt at the time and place of any previously scheduled sale. Lender or its designee may purchase the <br />Property at any sale. <br />UPON receipt of payment of the price bid, Trustee shall deliver to the purchaser. Trustee's deed conveying the <br />Property The recitals in the Trustee's deed shall be prima facie evidence of the trutb of the statements made therein. <br />Twee shall apply the proceeds of the sale in the following order: (a) to all expenses of the sale, including. but not limited <br />to, Trustee's fees as peranitted by applicable law and reasonable attorneys' fees; (li a all sums secatred by this Security <br />Istrument; and (c) any excess to the person or persons legally entitled to It. <br />20. Lender in Possession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (in <br />person, by agent or by judicially appointed receiver) shall' be entitled to enter upon.. take possession of and manage the <br />Property and to collect the rents of the Property including those past due. Any rents collected by Lender or the receiver <br />shalt be' applied first to payment of the costs of manaSement of the Property and collection of rents, including. but not <br />limited t6. receivers fees, premiums on receiver's bonds and treasonable attorneys' fees, and then to the sums secured by <br />thisSecurity Instrument. <br />21. Reconveyance, Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to <br />reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security <br />Instrument to Trustee. Trustee shall ieconvey the Property without warranty and without charge to the person or persons <br />legally entitled to it. Such personor persons shall pay any recordation costs. <br />22. Substitute Trustee` Lender, at its option, may frorn time to time remove Trustee and appoint a successor trustee <br />_ =t01"V ' i""eeee ip pointed h`r`a rider `ly � ll iruirumern ret.'mMe* in the county in which. this Security Instrument is recorded. _ <br />Without conveyance of the Property. the successor trustee shall succeed to all the ritfe, power and duties conferred upon <br />Trustee herein and byapplicable law. <br />23. Request for Notices. Borrower requests that c' d' lies of the,notices of.default and sale be sent to Borrower's <br />address which is the Propeny Address. <br />.'t..�.. hiders to this Securing li'asIiInun tt. Xf; C-r,6 mice riders are executed bar Borrower and recorded together with <br />this Security Instrument, the covenants and 39r=. m=ts of each such rider shall be incorporatedinto and shall amend ai nd <br />supplement the covenants and agreements a.b'lis Security Instrument as it the rider(s) i ere. a part of this Security <br />Instrument. [Check applicable box(es)) <br />C). Adjustable Rate Rider Conde _Um Rider E] 2-4 Famil y .Rider <br />Graduated Payment Rider [] Planned Unit Development iii #6r' <br />[ Other(s) [specify) VA Assumption Policy Rider. VA Guar"teed Loan <br />Rider, Acknowledgement <br />BY SIGNING BELOW. Borrower accepts .and agrees to the term and 'awbnants contained in this Security <br />Instrument and in any rider(s) executed by Rmower and recorded witlyf4. <br />f� ...................�.. �.:.................... (Seal) <br />GERALD D. IIAT£ . — orrower <br />. ' .................... _.................... ............................... ................(Seal; <br />' — 8arc�gr <br />1Spa0 *snow This tree for Acknowieatmentl <br />SrATEOF <br />COUNTY OF .. H9Ld. ....................... � SS: <br />'Me foregoing instrument was acknowledged before me this ................:rUNE <br />.. .............. <br />by ..VAMT).pa. a..� Sl itfi, .PE;ltS0T4 (date) <br />L(Person(s) acknowledging ............. ............................... <br />my Commission ex es saft i1BW dlldfrlMa <br />MAWA idt t4. MLON <br />my Cesta fees J* i. IM <br />` Al �.- 1) ii ` rt, (SEAL) <br />Notary frublrc <br />T�. •. •'fr7!r.2 ua5 . • . �• SItt;11.A SA�:CNI•.% <br />
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